Weekly Real Estate Update for 80121 (03-08-2018)


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How to use one day codes for SentriLock (For Realtors)

How to Use 1 Day CodesYou can use the following instructions to open the key compartment of a lockbox with a 1 day code.On the lockbox's keypad, press and hold ENT. This will "wake up" the lockbox.When the lockbox lights up the keypad, enter your 1 day code. For example 2862745, and press ENT.The lockbox will open the key compartment.Here are some possible problems and what to do about them:If the CODE and ERROR lights alternate after you enter a 1 day code, you've entered an incorrect code. You should verify the code with the owner of the lockbox.If pressing the ENT key in step 1 above does not wake up the lockbox (that is, the lockbox keypad does not light up), the lockbox owner may have locked the keypad (either with or without intending to). Normally the lockbox unlocks its keypad when a showing agent inserts his or her SentriCard®. Since you are using a 1 day code, you probably do not have a SentriCard®. You can unlock the keypad by inserting a credit card or bu…
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How much do you really know about real estate? Take this quiz

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Can you buy a piece of a shopping mall? 
See question No. 3

Real estate is an important component of the U.S. and global economies. For many Americans, homeownership doubles as a first investment. Beyond a primary residence, investors also can buy into the commercial real-estate market: Office buildings, multifamily housing, hospitals, parking lots, storage facilities, retail properties, call centers, distribution hubs, hotels and restaurants form a sector with its own economic ups and downs.

In 2016, the S&P 500 recognized real estate as its own sector, separating it from financial services where it had been buried for years—a move some view as a portent of more real-estate investment to come and that others view with indifference. Currently, real estate accounts for less than 5% of the S&P 500 by market cap.

How much do you know about real estate—and real-estate investing?

1. What foreign country’s investors are buying the most U.S. commercial real estate?

A. China

B. Canada

C…
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How much you would need to afford rent in Colorado?

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There is nowhere in this country where someone working a full-time minimum wage job could afford to rent a two-bedroom apartment. Downsizing to a one-bedroom will only get you so far on minimum wage. Such housing is affordable in only 12 counties located in Arizona, Oregon and Washington states, according to the report by the National Low Income Housing Coalition.

You would have to earn $17.14 an hour, on average, to be able to afford a modest one-bedroom apartment without having to spend more than 30 percent of your income on housing, a common budgeting standard. Make that $21.21 for a two-bedroom home -- nearly three times the federal minimum wage of $7.25.
The minimum hourly wage required to afford rent on a two-bedroom apartment, of course, depends on where you live -- ranging from a low of $11.46 in some counties in Georgia to a high of $58.04 in the San Francisco Bay Area.

The most expensive state for housing is Hawaii, where workers would need to make $35.20 an hour to afford a tw…
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Denver-area home prices drop slightly again in August; still up year-over-year

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The cost of buying a home in the Denver metro area dipped slightly for the second straight month in August, according to the latest data from the Denver Metro Association of Realtors.
The median sale price of all residential properties was $380,000 last month, a decrease of $5,000 from the month before. Compared to the same time last year, however, prices are still up more than 8 percent.
While it’s difficult to say if the past couple months are indicative of a trend, Realtors say the numbers do seem to show that the market is cooling down some.
Housing numbers can be presented in ways to paint many different pictures, Overall, it is still a positive market even though we are transitioning towards something that looks more normal. 38,553 residential properties have sold so far this year, setting a new record for the metro area. That number is 4.35 percent higher than the same time last year.
While housing inventory continues to climb, it’s still far below the historical average of mo…
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Remodeled Newport home for sale in Willow Creek

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Address: 8723 E Kettle Pl. Centennial, CO 80112 Price: $635,000 Call 303-249-2060 if you have any questions
Incredible home with 4 bedrooms and 3 baths in Willow Creek. Remodeled and redesigned Newport Model in a Cul-de-sac near the pool, Blue Ribbon elementary school, and Greenbelt. Removed the popcorn and dropped the main floor to one level. New everything: Roof, Stainless appliances, Granite counters, Bathrooms, Railings, Trim, Light fixtures, Hardware, Hardwood floor, Carpet, Paint inside and outside, Fireplaces and Driveway. The master bedroom features an under the floor heating system in the bathroom, Restoration hardware vanity and mirrors, and professional custom walk-in closet. The loft upstairs is closed in for an additional room. The house also features plantation shutters on most of the windows. This is a one of a kind home in a one of a kind neighborhood. 

















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