Denver, CO Real Estate News

By Jennifer Steck, Denver Real Estate
(Rocky Mountain Homescapes, Keller Williams, Denver Colorado)
The Lowry neighborhood is continuing to grow with lots of opportunities for new buyers interested in the area. Here is a look back on October 2007 home sales in the Lowry neighborhood. The area is generally located between Yosemite Street (east) and Quebec Street (west), E. 11th Avenue (north) and Alameda Avenue (south). There is a small pocket that juts out to the west side. The Lowry neighborhood was developed as a result of the Lowry Air Force Base closure. It is a wonderful community that has a variety of parks, the Lowry Town Center and neighborhood activities that are scheduled year round. Lowry living opportunities range from historical homes that have been renovated to areas still waiting for the soil to be turned before construction begins. The Lowry neighborhoods are within wa...
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By Denver/Boulder Colorado Real Estate
(Real-a-Save)
Highlands in Denver remains one of my favorite neighborhoods in the Metro Denver area.  I stopped off at Mondo Vino the other day to pick up a bottle of wine and passed by Cafe Brazil on my way home.  Two of my favorite spots in the entire city.  I was back the next day showing an investor a 4-plex in the area and it occurred to me that Highlands is one of those "go-to" spots for me.  I always bring family and friends to this area to get a real taste of "Cool Denver".And there's still some really great real estate to be had in the Highlands area as well.  Just take a look at the latest homes for sale in the Highlands area and I think you'll agree that this is an area of Denver that simply can't be overlooked. For more Highlands neighborhood information you can look here. 
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This Tuesday's (11/20/07) radio broadcast of "The Real Estate Story Hour" Ben Maxwell from FnH Properties will be our guest.Ben Maxwell is co-founder and manager of Lighthouse Investment Group, LLC which was incorporated in 2004 to build and renovated residential properties in the Denver Metropolitan area. A licensed general contractor, Ben manages all aspects of construction, including the development of financial models for every project, budgeting and accounting, and on-site management. A second-generation builder, Ben began his career in construction in 1994. He has been involved in new home construction and remodeling in the Denver area since 2000, when he started Maxwell & Associates Construction.  He now runs Lighthouse and has recently started a new venture, FnH Properties, aime...
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By Judith Clausen, Judith R. Clausen
(Buyers Advantage Real Estate of Metro Denver)
In this morning's Rocky Mountain News a reader thinks he has the answer.  John A. McElroth of Arvada blames it on "the builders, mortgage people and real estate people" who "did it to themselves."  He thinks real estate is "booming," and cites an article he read somewhere that says mortgage people and builders conspire to raise new home prices, and real estate people talk sellers into higher prices.Mr. McElroth seems not to have the facts straight.  Real estate in the Denver area did boom in the 90s during a time when we thought our economy was on a non-stop path to eternal prosperity.  A house went on the market and buyers outbid each other to buy it.  Homeowners refinanced their mortgages at the drop of an eighth of a point, paying huge fees in closing costs and extending their loans ...
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Denver Museum of Nature and Science - FREE DAYSeveral times a year Denver Museum of Nature and Science offers FREE admission for Colorado Residents.The last free day of this year is DEC. 2nd. You still need to get tickets for any special exhibits at the museum such as The Titanic Exhibit, IMAX theatre or the Planetarium. For more inforation about ticket prices visit: Denver Museum of Nature and ScienceLocation: 2001 Colorado Boulevard, Denver, Colorado 80205
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By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
17th Annual Denver Zoo lights TraditionThis Denver Zoo Holiday Celebration is running from December 7th through Jan. 6thTime: 5pm - 9 pm.Come visit and enjoy over 38 acres of lights, including many animated animal sculptures.Don't miss the opportunity to visit with Santa.Several other festivities are scheduled as well: including performances, carolers, and more.View also the magnificant ice sculptures and sip hot chocolate to take the chill off.Bring in your old cell phone for recycling!. Drop off your old phone at the quest service counter (Main Entrance) and help the environment.For More information visit:  Denver Zoo
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By Damon L. Chavez, Passionate. Personal. Service.
(RE/MAX Professionals)
Dr. Ben Bernake and the Federal Reserve have cut short-term interest rates for the last two consecutive months by a total of .75% in an effort to prevent the U.S. economy from slipping into a looming recession. Since most consumers do not understand how short-term interest rates actually impact their ability to borrow money, these rate cuts often create a common misconception that a decrease in the Federal Funds Rate translates to an equal drop in mortgage interest rates when these cuts often cause the latter to rise. There are two primary interest rates controlled by the Federal Reserve that dictate the overall cost of borrowing money on a short-term basis: the Discount Rate and the Federal Funds Rate. The Discount Rate is the interest rate the Federal Reserve Bank charges member banks...
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By Damon L. Chavez, Passionate. Personal. Service.
(RE/MAX Professionals)
The Cherry Creek neighborhood in Denver was one of the top neighborhoods searched on the Colorado House Finders website last month.  Since Cherry Creek was one of the most popular neighborhoods searched, we felt it appropriate to provide our in-state and out-of-state visitors a more in depth view of the Cherry Creek Real Estate market. The boundaries for the Cherry Creek neighborhood are bordered by East 6th Avenue (North), East 1st Avenue (South), University Boulevard (West) and Harrison Street (East).  The Cherry Creek neighborhood is a blend of old and new with homes representing architectural designs from every decade since the beginning of the 20th century.  However, over the years the Cherry Creek real estate market has changed from smaller single family bungalows to luxury detach...
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By Wade Young
(Red Door Home Loans)
Should you invest in the stock market or own real estate? If you have $25,000 working for you in a mutual fund, that money is earning you more money. But what if your $25,000 could earn a better return? Let's take a look at the stock market vs. real estate.  If you do your research and pick the most fabulous mutual fund, you might get a return of 10%. That's a great return on investment—but it can't compete with real estate over the long haul. If you take that same $25,000 and put it down on a property worth $250,000, let's see what happens. Real estate consistently appreciates at a rate of 5%-6% per year over time. In the Denver area over the last 10 years we’ve seen the median household price go from $134,500 in 1997 to $243,000 in 2007—that’s a 5.8% rate of appreciation. Taking the ...
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By Judith Clausen, Judith R. Clausen
(Buyers Advantage Real Estate of Metro Denver)
Buying a home in Denver is not for the uninformed! You can look at a lot of different places on the internet for Denver real estate, but more than a few are just plain bad. Denver home buyers should avoid CraigsList.com which doesn't have much inventory (a few hundred compared to 24,000+ on the Denver MLS) and is mostly used by listing agents who want to publicize their listing on all the advertising venues or For Sale By Owners whose homes may well be overpriced. What you need when you look at CraigsList is the ability to know whether a home has been on the market FOREVER, whether it's on a busy street, whether it's in foreclosure, whether it's a "fix and flip", what the seller paid for it, and any number of other data that will help a home buyer determine: Is this home a good buy?And ...
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By Judith Clausen, Judith R. Clausen
(Buyers Advantage Real Estate of Metro Denver)
Again this month, it depends where you're looking.  October median single family home prices fell 4.41 per cent over last month, which had fallen 4.85 percent over September.  So the two month loss is actually 9.05 percent from August 2007.  Average prices have followed a similar trajectory, falling 5.14 percent from September and 12.14% since August.  Most of the drop is due to a glut in inventory, although inventory is down somewhat from last year this time by 2.7 percent  The median price for single family homes in October was $234,200.  Average price was $289,754.  For condos the median price was $140,000, 5.41 percent lower than in September, and 8.20 percent lower than August.  The average price was $176,222, 2.89 percent less than September, and 3.57 less than August.More condos ...
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By Jane Wallace, CRS | SRES, Denver Real Estate
(HomeSmart Realty)
 Boundaries:  Larimer Street, Speer Boulevard, Wynkoop Street and 20th StreetPopulation:  2,180Overview: Lower Downtown--or LoDo, as it is commonly referred to--is located in the area where Denver was founded in 1858 by General William Larimer. Redolent with history, this neighborhood of three and four story red brick buildings was built on the site of Denver's first Gold Rush settlement. I have been working and playing in LoDo since 1992 when the only bars were The Cruise Room, The Wazee Supper Club and Billabongs. Coors Field was just a Field of Dreams, Now the Colorado Rockies are the 2007 National League Champions. What a transformation and what a Rocktober in Denver. Today, LoDo is a vibrant 25-block urban neighborhood and tourist destination.  Lower Downtown was a bustling commerc...
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By Damon L. Chavez, Passionate. Personal. Service.
(RE/MAX Professionals)
Until recently the Denver real estate market was one of the few in the country that did not have licensing requirements for mortgage lenders. Although the Colorado Division of Real Estate has implemented a new Mortgage Broker registration procedure, unscrupulous lenders are still finding ways to exploit home buyers looking to get financed on the purchase of a new home. Before talking to a mortgage professional about getting pre-qualified for your next loan, consider the following information and take the necessary steps to protect yourself: Your personal information is a hot commodity. Requesting a credit check is a crucial step in the home buying process, one that all lenders will require before considering you for a mortgage loan. Unfortunately most people fail to realize that the inq...
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By Damon L. Chavez, Passionate. Personal. Service.
(RE/MAX Professionals)
A report produced by Standard & Poor and Yale University economist Robert Schiller states the Denver Real Estate market is showing early signs of recovery.  This is based on results from the study that illustrates how the Denver Real Estate market has seen a 1.3 percent appreciation in home values between May and June 2007 and 0.8 percent between June and July. According to the study, the Denver Real Estate home appreciations peaked in February of 2001 after a 15% year-over-year appreciation for the past decade.  Whereas, several other markets around the country continued to see significant increases in home value appreciations.  Since Denver’s rate of home value appreciation stabilized before several other markets around the country, S&P Vice President Maureen Maitland stated “Now, Den...
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By Steve Scheer, Highlands Ranch Real Estate - Denver Real Estate
(Realty Oasis - Metro Brokers)
Denver Homes &  Living in Denver - Denver Restaurants -  Wash Park Grille If you are looking for a fun, delicious, well established Denver restaurant, without going all the way downtown - I would recommend checking out Washington Park Grille, more well known as Wash Park Grille.  Located on south Gaylord street just a bit north east of Wash Park, its long been a Denver local favorite.  Their mostly Italian menu has a local flavor to it, and its a great blend of steak, chicken, pasta and seafood.  We have been eating here for years and it seems to always be a place we leave extremely happy with the food and the service.  Waits for a table on the weekend sometimes can get long and they only take reservations for large parties, but the bar area is a fun area to wait.  Some of our favorite ...
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By Jane Wallace, CRS | SRES, Denver Real Estate
(HomeSmart Realty)
The northern part of the district is home to the Denver Art Museum and Museum Residences designed by Daniel Liebskind, the soon to be built Clifford Still Museum, and the new Denver Justice Center. Cherokee street is the primary residential street with The Grand Cherokee Lofts, Cadillac Lofts, Trieste & Trovare Condos, The Golden Row Town homes, Century Lofts, The Prado Condos and The Balustrade. Acoma street connects Metropolitan Lofts with the Art Museum and Denver Central Library with Downtown via Civic Center. 12th Street has The Belvedere Condos located on Speer Blvd, along with the New 1200 Delaware Townhomes. Population in the Golden Triangle is 1,629. For a Great Tour of the Neighborhood come to "First Friday" each Month to Neighborhood Gallery Openings.
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By Jane Wallace, CRS | SRES, Denver Real Estate
(HomeSmart Realty)
GRAND CHEROKEE LOFTSGolden Triangle Lofts - Grand Cherokee Lofts, 36 2 story lofts Designed by Humphries Poli Architects, Won the AIA Colorado Design Award, and Western Mountain Region Design Award in 1999 (Only Two Projects in Colorado Won That Year in the Six State Region of Colorado, Arizona, Nevada, Wyoming, Utah and New Mexico) It Also Won a Gold Nugget - Best of The West, from Builder Magazine in 2000 (The Only Project from Colorado that Year to get an Award) Project amenities include a common conference facility on the first floor.  A large private garden enclosed by Havu GalleryGrand Cherokee, 1050 Cherokee Street Unit #Asking PriceSales PriceSq FtPSFBedsBathsParking SpacesDays on MarketDate Sold204$330,000$328,0001213$2702211015-Jun-07308$323,000$328,5001223$2691216030-Apr-0741...
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By Jane Wallace, CRS | SRES, Denver Real Estate
(HomeSmart Realty)
San Rafael was platted in 1877 by Henry A. Dubois and named for his hometown, San Rafael California. Development began about 1888 and lasted until the Silver Crash of 1893. Recently designated as an Historic District, this area also suffered through difficult times, but since the mid 1970's has had an influx of determined residents who are actively involved with neighborhood preservation efforts. An array of Victorian and turn-of-the-century homes are anchored by some of the most beautiful Victorian Homes in the City.
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By Jane Wallace, CRS | SRES, Denver Real Estate
(HomeSmart Realty)
Best Piece of SoHo in Denver, In The Heart of Downtown. The Baldwin Lofts 1617 California Street, 22 Lofts Located adjacent to the 16th Street MallHistory: The Baldwin Building started as a two story building Constructed in 1896 by Phillip Feldhauser who built the Colorado Building and the Oxford Hotel. It grew to five stories over the years as home to the Baldwin Piano Company. This Historic Building is Significant because it May be the Only Surviving, Fully Cast Iron Facade in Downtown Denver. Unlike Many Historic Buildings of this Period, The Baldwin Has Huge Floor-To-Ceiling Windows, Due to the cast Iron Façade that was the First Type of "Curtain Wall" Construction.
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