January 2016 Residential Market Report

January 2016 Residential Market Report



January 2016 Residential Market Report

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My First Sale HGTV show in Denver CO

The Home and Garden Television (HGTV) show “My First Sale” a new show from the producers of the HGTV hit show “My First Place,” are kicking off their first season in Denver, CO! They are in search of fun and enthusiastic first time home sellers to feature on the show. “My First Sale” is very similar to “My First Place,” but instead of taking the point-of-view of first time homebuyers, They want to see what it takes to sell your first place! It’s a documentary-style show, so they don’t assist with any of the aspects of the process, they just want to document the journey. If you are a first time home sellers, I would love to talk with you further to see if you would be interested in this opportunity. Filming can begin almost immediately, and the home must be located within an hour’s drive of Denver. The sellers must also be moving into a new home, although they don’t get into that process as much. Ideally, they are looking for single-family homes. Thanks homesandpeople.com
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Amazing home on a spectacular lot!

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⚠️ Important Market Update: The Douglas County real estate market has shifted significantly since this article was published. Whether you are looking to hold builders accountable on new construction or find hidden equity in a high-ROI cosmetic flip, you need current data. To get today's strategies and work with the best Realtor in Highlands Ranch , please visit my new official digital hub: Living in Highlands Ranch .  For Sale: 6071 S Franklin St. Centennial, CO 80121 $2.4M Once in a lifetime opportunity to purchase a special home on an amazing lot.  Most homes in this area are passed down from generation to generation and rarely come on the market!  A rare find with water-front property in Metro Denver.  Two acres with the Big Dry Creek running through your backyard.  Located less than 5 minutes to shopping, restaurants, and award winning Littleton Public schools. The home consists of 4 bedrooms and 3 bathrooms. 2200 Square feet above groun...
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For Sale: 3881 S Cherokee St

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Englewood, CO 80110 2 beds 2 baths 1,616 sqft $380,000 This is beautiful completely remodeled home near downtown Englewood. Home has been completely gutted and redone so you will get EVERYTHING NEW! New sewer, new electric, new roof, new sprinkler system, new driveway addition, new plumbing, gas stove, HUGE master bedroom and spa bath, spacious walk-in laundry room, new composite wood deck, professional landscaping, new sump pumps in both window wells, new windows and patio door, new A/C and Furnace, automatic gate opener, granite counter in the kitchen and baths, stainless premium appliances, beautiful bright kitchen cabinets and SO much more!! The seller did an amazing job converting the second bedroom upstairs to formal dinning room but it can easily be converted back if you need an additional bedroom. This home has been remodeled to SELL and will give you the piece of mind knowing you are moving into a brand new home in the original frame. ...
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Green Homes in Colorado: Saving Rain Water

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Colorado’s hot, dry summer’s weather may mean another round of water shortages. With water restrictions in place, keeping your family’s backyard flower and vegetable gardens moist and viable could be a serious challenge. Consider purchasing a rain barrel. These heavy-duty plastic or wood barrels catch rainwater and store it until you need it. A rain barrel allows for the practical reuse of water that otherwise would run down your driveway into a street drain, form puddles in your yard or feed into area streams. Reusing rainwater doesn’t just help the environment; it can lower your water bill and teach your kids about the importance of water preservation. The federal Environmental Protection Agency estimates that lawn and garden watering comprise nearly 40 percent of household water use during the summer, and that a rain barrel can save most homeowners about 1,300 gallons of water during peak summer months. Because it’s naturally soft and doesn’t contain minerals, chlorine, fluoride or...
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You need to make more than $80,000 a year to afford the median Denver-area home

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A new report highlights just how far out of reach home ownership is for many in the Denver metro area. An individual or household needs to make at least $81,349.82 a year in order to afford the median home in the Denver metro area. Compare that to the Denver metro area’s median household income, which was $71,146 in 2015, the latest year for which data are available. The analysis used median single-family home price data from the second quarter of 2017, which amounted to $424,500. That price encompasses the entire metro area and not just the city of Denver. In calculating the salary required, We assumed a 30-year fixed-rate mortgage with a 4.11 percent interest rate and a 20 percent down payment, which would mean a monthly payment of $1,898.16. That includes the principal, interest and estimated taxes and insurance. A 20 percent down payment isn’t always necessary, but putting down less money upfront will lead to higher monthly payments. With a 10 percent down payment, one would nee...
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