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Denver Real Estate Market Hot

by Roberts Johnson and Rachel Diedrich, Real Estate B

Happy Wednesday afternoon!

Hi, Roberts Johnson, with Cool Denver Homes.

The real estate market in Denver and surrounding areas is hot right now!  I’m personally working with a half a dozen individuals and couples trying to buy right now.  What’s the reason you ask?  Uncertainty in the mortgage industry is one big reason.  Interest rates are still the lowest the have ever been and they may spike after the upcoming election; of course, no one for sure what will happen until after the election.  So with low interest rates along with low house prices combined with low inventory has created a little mini sellers market.  Some of the lower priced homes are now in the middle of a bidding war.  I’ve personally had buyers offer above asking price in hopes of securing a home and even then we were out bid several times before we were successful.

Good news for the Denver Area Real Estate Market!  Call me for more good information on how we can get you the Highest Dollar for your Home as well as help you find your Denver Area Dream Home.  We can also help you with Bank Owned Homes in the Denver Area.

And as usual, think of me when you have a Real Estate need, call, 303.525.7599 or email, roberts@cooldenverhomes.com

Thanks,

Roberts Johnson

www.CoolDenverHomes.com

www.303home.com

www.bankowneddenverhomes.com

www.yourdenverhousevalue.com                 

 

We service metro Denver including, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton.  Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club.  Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

We also serve all cities around metro Denver.  Here is a list of cities: Arvada, Aurora, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Denver, Edgewater, Englewood, Federal Heights, Glendale, Golden, Greenwood Village, Highlands Ranch, Lakeside, Lakewood, Littleton, Morrison, Northglenn, Parker, Thornton, Westminster, and Wheat Ridge.

Best Deal in the Golden Triangle!

by Roberts Johnson and Rachel Diedrich, Real Estate B

http://www.Obeo.com/559041

A HUGE room-sized covered patio with the best views in the Golden Triangle!  Walk to EVERYTHING!!!!! 

Denver's Wellshire Neighborhood

by Roberts Johnson and Rachel Diedrich, Real Estate B

Great story about a COOL Denver neighborhood:

New, bigger homes take hold in Wellshire

The thriving area in southeast Denver has a small-town feel.
By Christian Toto
Special to The Denver Post

 

Wellshire resident Jeff Shoemaker has no intentions of moving out of his bucolic Denver neighborhood — ever.

Shoemaker has deep roots in the southeastern section of Denver, a neighborhood tucked behind the roaring Colorado Boulevard corridor.

"It's a great mix of old homes and new homes like ours, longtime residents and new residents, old and young," Shoemaker said. "There is the best of both the small town and yet an in-the-city neighborhood."

That neighborhood, within a tiny distance of Observatory Park, Eisenhower Park and the Wellshire Municipal Golf Course, offers plenty for the suburban-minded homeowner.

Expansive lots. Low crime rates. Some of the widest streets one will find in Denver. And prices in the area are solid — and climbing.

Stephen Holben, president and owner of Denver-based Holben Building Corp., said Wellshire homes appreciated 5.3 percent last year and dozens of homes and townhouses are in various stages of planning or completion.

The neighborhood wasn't always bustling with home activity — or young children.

Shoemaker said Wellshire took a hit during the '80s when nearby Slavens Elementary School closed temporarily due primarily to a shortage of school-age children in the area. When the school reopened in the mid-'90s, the area's demographics shifted.

Today, Shoemaker said, roughly three out of every four Wellshire homeowners are in their 30s, with school-age children.

The Slavens school is a key selling point for Wellshire, said Denver Realtor Bill Rittner, former president of the Wellshire Homeowners Association.

Parents are attracted to the school's healthy test scores and actively fundraise to provide school equipment and other vital supplies, Rittner said.

Wellshire consisted mostly of ranch-style brick homes built primarily in the late 1950s and early 1960s. But drive around the neighborhood now and those homes are being crowded out by renovated parcels.

"The ranches are being torn down and million-dollar properties are being constructed," he said. "It's like University Park in the last 20 years, which is now primarily million-dollar homes. That's where Wellshire is headed."

Andy Klein, vice president of Denver-based Core Companies, which is building units along Colorado Boulevard between Dartmouth and Wellshire Presbyterian Church, said Wellshire's raw housing numbers — including days on market and foreclosure rates — point to a wise investment.

"There are very few urban infill sites left in the city," Klein said.

His project, which will feature 22 units spread across three buildings, is expected to break ground in spring 2010.

If the area has a flaw from Klein's perspective, it's that Colorado Boulevard's retail front could stand some improvement, particularly as one drives from Wellshire toward Evans Avenue.

Resident Greg Norlen moved to Wellshire in 2002 and recently built a geothermal home in the neighborhood.

Norlen, a home builder by trade, said he's always looking for emerging, family-friendly towns.

He found that, and more, with Wellshire.

"It's like living in 'Mayberry R.F.D.,' " he said.

Home relies on geothermal system.

Home builder Greg Norlen boasts that the combined energy bills for his Wellshire home last month came to only $120. That might not impress someone living in a two-bedroom bungalow, but his home offers 3,400 square feet of living space, plus roughly another 1,000 in the basement.

It's part of Norlen's vision to create a geothermal home, one with as delicate a carbon footprint as feasible. Norlen built the home two years ago, installing green features like insulated concrete floors and energy-recovering ventilators toward that end.

"We started with the 'not-so-big-house' theory," he says, describing the effort to make more-efficient homes that feel as spacious as larger ones while burning less energy. "It's getting away from the McMansions."

He says the home offers the first direct-exchange geothermal system in the history of Denver, and it's a model that can be retrofit into existing homes.

"You no longer have to have natural gas running your home," he says.

Some of the green modifications aren't cheap, but he projects savings from them in the $145,000 range over the course of a 30-year home loan.

He'd like to see some of the green innovations in his home duplicated elsewhere. "I would actually love to put on some seminars with builders to explain to them what we've discovered with this house," he says.

Christian Toto, Special to The Denver Post

About Wellshire

Average price of homes sold in 2009: $355,423

Main attractions: Wide roads, low traffic levels, proximity to Cherry Creek's shopping districts, downtown, light rail, the Highline Canal Bike Trail and a number of area parks. The Wellshire Inn, one of the neighborhood's mainstays, is closed for renovations.

Schools: Slavens Elementary

Shopping: The neighborhood is just a few blocks from the bustling Colorado Boulevard corridor.

Denver Real Estate market best in country!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Check out this great article about the Denver Real Estate Market!

Denver fares best in home-price survey

U.S. home prices down 18%
By Margaret Jackson
The Denver Post

For the second consecutive month, the Denver area fared the best among 20 U.S. cities reporting drops in home prices, according to data released Tuesday.

The Standard & Poor's/ Case-Shiller home-price index for 20 major cities dropped 18.1 percent in April compared with April 2008.

Denver reported a 4.9 percent decline, better than Dallas and Boston, which were down 5 percent and 7.7 percent, respectively.

"This was the least painful decline in the last six or seven months," said economist Jeff Thredgold of Vectra Bank Colorado. "There is still some additional weakness to come, but most of the pain is behind us."

Las Vegas and Phoenix posted the largest monthly and annual declines, plunging 35.3 percent and 32.2 percent,

Home Prices

  • Explore home prices and sales in your neighborhood with The Post's database.
respectively, in the year-over-year data. San Francisco declined 28 percent.

"The sexy places to buy real estate from 2003 to 2006 are the ones that are getting crushed," Thredgold said. "There was no big boom in Denver prices, hence no major correction."

Denver is among eight cities that reported a month-over- month gain in prices, rising 1.5 percent compared with May. Dallas posted a larger gain at 1.7 percent.

"Seeing the recent numbers from the Case-Shiller report has given some credence to what we have been feeling in the market in Denver," said Dee Chirafisi of Kentwood City Properties. "Denver has been named one of the five best cities as far as real-estate recovery and the five best places to live, etc.

"There has been a lot of recent optimism about how great Denver is and how it is still a good place to buy real estate. It is terrific to see that this news is backed up with some real statistics."

Gretchen Faber, broker/manager of the Kentwood Co. Cherry Creek, said the numbers also reflect what's happening in her office.

For the first time in months, Faber said, homes in Denver's Park Hill neighborhood sold for more than $800,000 — two of them for more than $1 million — during April and May.

"Three or four months ago, the lower price ranges started getting on fire," Faber said. "We are starting to see it trickle up into the higher price ranges. They still have to be priced appropriately or they're not going to sell because there's still a lot of inventory in the high end."

Margaret Jackson: 303-954-1473 or mjackson@denverpost.com

Downtown Denver: Movies in Skyline Park, 16th street mall

by Roberts Johnson and Rachel Diedrich, Real Estate B

Mile High Movies in Skyline Park

Looking for something different to do?

Drum roll please...Skyline Park has unveiled its line-up of movies for the 2009 season of MiIle High Movies in Skyline Park. These weekly screenings provide an excellent opportunity for friends and families to enjoy the beautiful Colorado nights in a uniquely urban setting.

June 13: Babe (rated G)
June 27: E.T. the Extra-Terrestrial (rated PG)
July 11: Spiderman (rated PG-13)
July 18: Iron Giant (rated PG)
August 1: Willie Wonka and the Chocolate Factory (rated G)
August 8: The Wizard of Oz (rated G)

At the Cross streets of Arapahoe St and the 16th Street Mall

For more information on scheduling and events visit: www.downtowndenver.com/events/milehighmovies

Displaying blog entries 1-5 of 5

Contact Information

Photo of Roberts (Bobby) Johnson Real Estate
Roberts (Bobby) Johnson
Cool Denver Homes, Inc.
2314 Curtis Street
Denver CO 80205
Roberts Cell: (303) 525-7599
Fax: (303)9635335

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