Lifestyle Denver by Gretchen Rosenberg
Denver's Source for Real Estate News, Neighborhood Happenings
and Market Trends.
We did it again, Inventory is down for the 8th straight month. As of the end of February, we have just 8,082 single family homes available for buyers to view. On Friday last week, our office set 101 showings in one day. We had to take a fire extinguisher to the phones at the end of the day. The most showings I can remember the receptionist setting up on a busy Friday during the heyday was about 72, and that was...Continue Reading!
Have you heard of a "Seller's Market?" That term hasn't been uttered since just after the turn of the Millennium. But it's back. Let's take a look under the magnifying glass. Denver's inventory of available properties is breathtakingly low. So low that it's less than half what it was just 6 or 7 years ago. In certain neighborhoods and price points, buyers who aren't aggressive are losing out to higher bidders, cash buyers and those ready to make a quick decision. In other...Continue Reading!
The end of 2011 came with few surprises for those of us in real estate, and one big one. The inventory of homes for sale in Metro Denver is nearly 40% below this time last year. It's so low, that I can remember a time when it was almost triple what it is now. What this will most likely do is accelerate the pace of home sales. With less on the market, it should take less time to sell your house. Eventually, the...Continue Reading!
Imagine you want to move from your city, small town, or suburb to a new location. This new city isn't as large as NYC or LA, but it's big enough to offer you the company of over 2 million residents metro-wide, all the major professional sports, plenty of arts and culture and great restaurants for foodies. Added to that, a fun outdoorsy lifestyle. Now imagine that you begin your home search in this city, only to learn that there are a little...Continue Reading!
The S & P Case Shiller Report was issued yesterday and Denver was ranked in the top 5 housing markets at number 5. This report reflects September 2011 housing sales. Year over year prices in Denver were down, with a 1.5% decline. September 2011 prices were also down a little over August. The Case Shiller Report lags by 2 months, and this is a snapshot of where we were 60 days ago. Denver has been consistently ranked in the top 5 housing...Continue Reading!
The Denver Post published a story this morning based upon research comparing Denver to 9 other U.S. cities. According to their study, Denver continues to outpace most other regional cities for Economic Power, Earning Power, Brain Power and Innovation Attractiveness. It's been our hope, here in Denver, that the Innovation Attractiveness will help fuel employment, but apparently we're lagging in jobs creation. We rank 6th out of the 10 for job creation and 5th for housing affordability. I spent two days last week...Continue Reading!
While showing homes this year to several of my clients, one new trend seemed to stand out. Several people mentioned a need to have an accessible second master suite for their parents. Bloomberg News confirmed this trend today in their online post "Homebuilders Target In-Laws, Dogs as Extended Families Grow." We joke about our 20-somethings moving home and whether we could live with our mothers-in-law, but the reality is that many families are consolidating and cohabiting. That's a great trend for families. ...Continue Reading!
10/15/11. The Wall Street Journal. "It's time to buy that house." 10/21/11. Business Week. "Crazy deals await." 10/03. Market Watch. "Now could be the best time in history to buy a home." US News & World Report. "Many buyers who waited for rock bottom are finding now is the time to buy." Denver's inventory is low and buyers are searching for great properties. If you're thinking of selling your home, get it on the market soon! These headlines should begin to foster the consumer...Continue Reading!