Stapleton Home the Perfect Landing Zone
June 27th, 2009 categories: Life In Denver, LifeStyle Listings
Our former Denver airport, Stapleton, is in the process of being redeveloped into a housing and mixed use area.
The Stapleton redevelopment area is proving to be a vibrant and exciting community. Denver Real Estate has a fabulous mix of old neighborhoods and close-in new neighborhoods in Lowry and Stapleton.
Stapleton’s lifestyle includes pools and parks, more than one community shopping/dining area, bike and running paths, and Denver’s own Central Park.
You can purchase new construction at Stapleton from several builders, but you also have the opportunity to buy a resale home and avoid the wait, the landscaping, buying window coverings, and living in a 12 month construction zone.
This Wonderland Ashton model is currently available for $359,000 and has a beautifully finished basement, hardwood floors, a 2-car attached garage, a huge open kitchen and a lovely porch facing the garden court.
If you’re interested in seeing 7789 East 25th Avenue after you’ve looked through the special presentation website, click “contact me” to set up a showing.
Sold, January 29th, 2010 – $312,000.
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Buyers Beware – Denver’s Zoning Code Changes Coming Soon
June 22nd, 2009 categories: Real Estate News
Denver’s new Zoning Code is currently in the community feedback phase.
The new code has been in the works for several years, and Denver’s Zoning Code Task Force and the Community Planning and Development group are currently seeking public input. There have been several community meetings to review the code in specific neighborhoods, and you still have the opportunity to attend any of the remaining meetings.
The changes to the code will be quite drastic in some instances. Currently in Denver, we have R1 (single family), R2 (duplex or carriage house), R3 (multi-family) as our primary residential zoning designations.
If you are thinking about buying a property that is currently zoned R2 because you would like to build a duplex there or have your mother-in-law move into a new carriage house above the garage – beware! Your property could potentially be “down zoned” to single family after the code changes in the fall.
Become informed about the city’s zoning changes if you live in the city, or if you’re considering purchasing a property here. You’ll want to know how the new transit area zoning might affect your property, what zoning could allow next door or across the street, and what the planning committee means by “areas of stability.”
Highest and best use might not be as high for some properties after the zoning code is changed. Other properties may benefit from a “better” zoning designation, increasing their highest and best use.
The web site for more information is www.NewCodeDenver.com. I plan on attending a meeting next week, and I’ll post more information then.
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Platte Park/Old South Pearl Farmer’s Market – Weekends in Denver
June 16th, 2009 categories: Life In Denver
On Sunday, I rode my new pretty pink cruiser bike to the Old South Pearl Farmer’s Market.
One of the wonderful things about being a Denver Real Estate specialist, and especially working in relocation, is that I get to explore the fun things happening in our city and report them to you and to my clients.
The Old South Pearl Farmer’s Market didn’t actually have much in the way of produce to offer and I left with my basket empty. If it’s an actual farmer’s market you’re looking for, you may want to try the Cherry Creek Farmer’s Market.
I did enjoy looking at the dozens of doggie adoption booths, and walking through
a few of the boutiques in the neighborhood. One of my favorite shops, 5Green Boxes was right on the same block and open for the Sunday traffic.
There were also flower booths, bread booths, a lady making delicious home made cookies, gluten free pasta and ice cream. Not your typical farmer’s market, but fun nonetheless!
Then, I rode my bike home and went to hold an open house – tornado warnings, rain and hail that afternoon! I hope the doggies got to safety.
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May 2009 Denver Real Estate Market Statistics
June 6th, 2009 categories: Market Trends, Real Estate News
The market statistics for residential real estate in Denver came out while I was on vacation. A Disney Cruise with 11 family members is a fabulous way to kick off the summer! Luckily, our family plays together nicely.
When I returned, I learned that resales of existing homes increased again month-over-month. This is the fourth consecutive month that number of sold properties increased. We’ve seen the bottom, it would appear.
While we may have seen the bottom, we’re still sitting on the floor. 70% of the homes sold were priced under $300,000. That signals a market pick-up in the lower price ranges, but we’re only just beginning to see houses in higher price points getting offers.
Today, I processed all of the office files that were piled up on my desk waiting for my return. In that pile were a few sales between $1mm and $1.5mm. That has been a rare occurrence since early 2008.
It is nice to see the average sold price creeping back up. April to May it increased over 4%. The high was in 2006 at $303,000. We also aren’t adding a tremendous amount of new inventory. I was hopeful that the number of active listings would stay steady through the spring to give us the chance to sell off the inventory we already have. That’s another strong indicator that the market is much healthier than 6 months ago.
Deals are tough to keep together. Real estate agents are working 10 times harder to get transactions to closings. Things seem to come apart at inspection and appraisal much more often than they used to.
Sellers – consider pre-inspecting their home before putting it on the market. Then, get the major safety and habitability issues taken care of before a buyer makes an offer.
Buyers – ask to see the sold comparables in the neighborhood surrounding the house you want to make an offer on. That way, you can make an educated offer and avoid appraisal issues.
Now is the time to jump in – you could be looking back over your shoulder in a year or two and wish you had gotten off the fence. Rates are surely going to continue to rise through the end of the year. We still have a great combination of low prices and low rates – a combination that will wind down as the recession ends.
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