Real Estate News, Statistics, Advice about Buying, Selling, Financing and Maintaining your Colorado Home.
Great horned owl sighting in centennial colorado
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My neighbor took these last week of a great horned owl nesting on his tree. I will add the chicks pictures once they hatch and if I am able to see them.
Rent prices in Denver remained the 13th most expensive in the country this October, as one bedrooms slid 1.5% to a median of $1,300, while two bedrooms similarly were down 2.2% to $1,770. Despite this trend, prices in the city are still up between 1-4% this past quarter depending on bedroom type. In terms of neighborhood pricing, asking rents this fall ranged between $700-$2,300 for a one bedroom. The most expensive areas were centered around "the Golden Triangle" ($2,275), "LoDo" ($2,150), and the "Central Business District" ($1,735). More affordable prices could be found to the southwest and east, with neighborhoods primarily priced in the low $1,000’s for a one bedroom. "Villa Park" on the city's western edge, ranks as the most affordable neighborhood in Denver at $780 for a 1 bedroom in October. To see how Denver stacks up to the rest of the country, and view full rental data for the top 50 cities in the US, read the National Re...
We've all heard the nightmare stories about so-called "fixer-upper" homes. Sometimes things go smoothly, sometimes there are "surprises" you couldn't possibly imagine. For those of you that have seen "The Money Pit" with Tom Hanks and Shelley Long, everything went wrong for the aspiring homeowners, but how would you like to be the poor folks featured in this story ? Sometimes reality is scarier than fiction.
Protest, protest, protest . Front Range homeowners may have that reaction when they first see how much county assessors increased the value of their homes over the past two years amid worries that next year’s property taxes will shoot up as well. Neighborhoods throughout metro Denver have recorded double-digit price increases, which reflects the region’s hot real estate market. The biggest percentage gains are coming in lower-income neighborhoods that lagged in past cycles. The first steps for those who disagree with value placed on their home is to figure out how much the value should be adjusted and whether a protest has a chance of winning. And with a June 1 deadline for protests, homeowners need to act fast. Should I protest? While a big jump in property value may come as a shock, in most cases it is probably justified. But county assessors can have basic information about a property wrong, and they won’t know details about a home’s condition versus others in the neighborho...
Home sales in metro Denver took an unexpected dip in April, but that didn’t prevent home prices from reaching new highs or temper the frenzy for lower-price properties, according to a report this week from the Denver Metro Association of Realtors. The average price of a single-family home sold in metro Denver reached a new high of $487,974, up 4.2 percent from March and 10.3 percent from a year ago. Buyers closed on 4,389 residential properties last month, according to Wednesday’s report, down 7.4 percent from the number of homes sold in March and down 4 percent from the same month a year ago. The number of homes and condos available for sale at the end of April rose 8.9 percent from the 5,361 on the market at the end of March, a much larger percentage increase than is usually seen between the two months. Very expensive properties can skew the average home price. Another way to look at prices is the median, or the point where half the homes sold cost more and half cost less. T...
When Lynn Coit walked into the open house for this ’60s-era raised ranch in Lakewood’s Meadowlark neighborhood, she saw endless possibilities. Sure, the brown shag carpet, green linoleum floors, and brick exterior felt more like a commercial storefront than a welcoming family residence. But as the founder and president of Denver commercial interior design firm Elsy Studios (her clients include law firm Merchant & Gould and the Federal Reserve Bank), Lynn looked past those eyesores to spy a dated but strong framework prime for a contemporary overhaul. Shortly after she bought the house in 2014, she and her husband, Andrew—a commercial real estate broker and DIYer—oversaw a comprehensive five-month renovation. The result: a masterful blend of modern convenience and stylish retro flair. We sat down with the design-savvy couple to get the inside scoop. Read the interview
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