Real Estate News, Statistics, Advice about Buying, Selling, Financing and Maintaining your Colorado Home.
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I laughed so hard when I saw this picture. It has nothing to do with #RealEstate but if you have used the internet longer than 2 days I hope you will appreciate it as well.
The unofficial results from the June 10 mail-in ballot show the measure to institute Centennial's proposed home-rule charter passed resoundingly by a greater than 2-1 margin."My biggest comment is woohoo!" said an elated Cathy Noon, chair of the elected Centennial Charter Commission, which drafted the municipal constitution."I just want to say this is the most wonderful news for all of us," she told a roomful of cheering commissioners, city officials and other home-rule supporters at a victory party.The mood there already was ecstatic by 7:30 p.m., when initial results showed the charter passing by some 7,000 votes - a far cry from the razor-thin 316-vote margin that created the charter commission last November.Many on both sides of the contentious debate over home rule had predicted a close call either way, and few were certain that the charter would pass at all."I thought it would be closer than this," Noon said. "But I started to get a feeling ...
7 residential closings up 700% over the same period in 2007. Absorption Rate is ok at 9.0 months. Its not possible to determine any kind of trend since the first three months of 2007 only saw one sale. but it is very encouraging that the sales are off the roof during the same period in 08. Also checkout the average sales price. Jan - March 2007 Jan - March 2008 % Change # of sales closed 1 7 700% # of sales Closed - YTD 1 7 700% Avg Days on Market 229 136 -59% # of Active Listings - 21 - Absorption Rate (months) - 9.0 - Average $ per SqFt 105 148 141% Average Price (Sold) 406,800 622,314 153% Click here for active homes for sale in Piney Creek Absorption Rate Definition Disclaimer - the information and commentary provided in this Blog are opinions of Homes And People and should be used for informational purposes only. All sales data is from the MLS and the information is deemed reliable but not guaranteed.
Great News! The IRS will not challenge whether a vacation property qualifies for Section 1031 treatment if certain specified ownership and use requirements are met. The IRS has released Revenue Procedure 2008-16, which provides definite guidelines for a safe harbor vacation property 1031 exchange. To meet the safe harbor requirements, a taxpayer, during the 24 months prior to the sale of his or her vacation home, or within 24 months after the purchase of their vacation property as a 1031 replacement property, must: 1) Rent the property at fair market rent for a minimum of 14 days during each 12- month period of the 24-month period. 2) Limit personal use of the property during each 12-month period of the 24-month period not to exceed the greater of 14 days or 10 percent of the number of days the property is rented at a fair market rent during each of the two 12-month periods. The IRS defined personal use to include: the taxpayer or any other person who has an interest in the vacation pr...
One that's reasonable and well-written can make a big difference I recently saw two very good examples of how not to write and submit an offer for a buyer. I found agents who felt they were representing their buyers, yet failed them both in obtaining what they wanted — a contract on their first home. The first example was an offer I received that had in the special stipulations section a list of 10 items, specifying everything including resurfacing the driveway, replacing the gutters, adding new carpet in the color and choice of the buyer, repainting all interior rooms a color selection made by the buyer, fixing leaks in two specific ceilings and — the part I found most amusing — the HVAC was put on a personal property bill of sales as staying with the property at no cost to the buyer. Plus, in the personal property bill of sale, the agent added light fixtures and even the hot water heater. Well, I know I don’t have to say this, but lig...
2004 was a record year in terms of number of home sales in Colorado. So how do we compare in 2008? The Data included is for southeast metro Denver including: Aurora South (AUS), Douglas County West (DCW), Douglas / Highlands Ranch / Lone Tree (DHL), Dougls / Elbert / Parker (DEP), Denver Southeast (DSE), East Suburban South (ESS), South Suburban Central (SSC), South Suburban East (SSE). Click here for an MLS area map 2004 2006 2007 2008 Total Inventory 7,397 7,925 7,944 8,363 Sales YTD 4,871 4,849 4,750 4,104 Sold Price 326,615 376,654 376,298 346,061 % of List Price 98% 98% 98% 97% Avg Days on the Market 88 95 112 109 Based on information from Metrolist. Homes and People does not guarantee nor is in anyway responsible for its accuracy. Data maintained by Metrolist (Denver MLS) may not reflect all real estate activity in the market.
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