Be Thankful - A Denver Thanksgiving

Holy pumpkin pie, Batman!  A year has gone by since my rumination on tofu turkey.

This year, I’m thinking about store-bought pumpkin pie.  I have gourmet friends, and friends who can’t cook to save their lives.  I even have a friend who owns her own catering company - she’s a handy friend to have! Some will prepare pies, others will pick them up from Safeway.

One person will turn her nose up at “store-bought” another doesn’t really care.

I’m just thankful that there’s such a thing as pumpkin pie at all.  Who could possibly stomach pumpkin without all the sugar, cream and crust anyway?

Here’s what else I’m thankful for this year:

Enjoy your pie, pumpkin or not, your turkey, your potatoes and all the fixins’ on this 2009 Thanksgiving Day!  It’s 65 degrees and sunny here in Denver - aren’t we lucky?

Spoken by Gretchen Faber | Discussion: 1 Comment »

Whole Foods Denver - Cherry Creek is Busy!

Shopping at Whole Foods in Cherry Creek can be an exercise in frustration.  Trying to pick up a few last minute items there on Thanksgiving Eve is completely insane.

The store has lovely displays, great produce, hormone-free meats and amazing cheeses. It also has parking issues and high prices.  Nonetheless, I find myself there at least twice a month picking up a few things that Safeway or King Soopers don’t carry.

I was there this evening.  Next year, I need to plan ahead better. The time it took to get into and out of the parking lot was more time than it took to do the shopping.

I did manage to find a beautiful bouquet of flowers and picked up my favorite tuna salad with cranberries.

If you need a few quick items, you may prefer the Whole Foods on Colorado Boulevard or on Hampden Avenue - fewer parking issues.  If you want to pick up some information on Denver Real Estate - read the latest article in the Denver Post.  I was quoted about yesterday’s Case Shiller report and what the trends bode for our local real estate market.

Real estate sales in Denver are up from last month, prices are down just a little. The price reduction is most likely due the change in seasons from summer to fall.  It’s also a reflection of what specific properties have sold.

Enjoy your holiday and stay away from the crowds on Friday!

Spoken by Gretchen Faber | Discussion: 6 Comments »

Denver Colorado Real Estate | October 2009 Market Statistics

October 2009 Denver real estate statisticsI’m a little late this month with the real estate market statistics for Denver.  It’s been a busy month!  Good news for buyers, sellers and real estate brokers.

Denver sales continue to show bifurcated results - low to mid range homes selling like crazy, higher end homes still languishing a bit.

Inventory numbers are down from September - over 18% down.  Days on market is down too, indicating increased sales rates.   Inventory naturally adjusts this time of year, but sales paces have increased for some segments of the market causing further inventory reductions.

Prices are up nearly 3% from a year ago, but still we’re down from last month.  That’s likely a result of the mix of homes that are selling. In other words, it’s not so much that prices have come down nearly 5% since September, but more likely that number is influenced by lower priced home sales.

Look for inventory to stay low through the holidays, which will result in pent-up demand by buyers after the first of the year.  Buyers are motivated by the tax credit and they’re looking for good inventory to hit the market.

If you’re a seller, use the next few weeks to get your house in perfect showing condition, and carefully price your house when you do hit the market.  If you position your home to come in first place in buyers’ minds - looking beautiful and priced very competitively - you’ll be the house that sells.

We’re in the perfect storm for a huge real estate recovery. Denver has already been at the front end of the recovery and recognized nationally as a stable place to buy a house.  With interest rates remaining extremely low, prices depressed after several down years, and a tax credit for many buyers, 2010 is shaping up to be a busy year.

Last month proves it. I’ve been happily busy - but never too busy to help you find your next dream home!  Start your search on my search homes website.

Spoken by Gretchen Faber | Discussion: 1 Comment »

Homebuyer Tax Credit Extended

The “first-time” home buyer tax credit was extended and modified today by Congress.

While there has been much debate here among Denver real estate brokers about the cost of the credit, there is no doubt that this move will help to continue to stimulate the recovering real estate market.

Homebuyers will now have two tax credits available. The original $8,000 for first time buyers - actually for buyers who haven’t owned a home in the previous 3 years.  As well as a second credit available to current homeowners of $6,500.  To be eligible, buyers must have lived in their current home for 5 out of the past 8 years.

The income limits for eligibility will increase to $125,000 for a single buyer and $225,000 for married couples.  The maximum home purchase price will be $800,000.

The newest version was passed out of the House and the Senate today, and the bill sits on President Obama’s desk, waiting for his signature.

While the bill might be waiting overnight - don’t you wait!  Get on my home search site and start house hunting.  We can find you a terrific home and you’ll get your tax credit as soon as you file!

Spoken by Gretchen Faber | Discussion: 3 Comments »

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