Denver, CO Real Estate News

By Lane Hornung
(8z Real Estate and COhomefinder.com)
Thursday Nov 02, 2006 | Today's Denver Listings UpdateThere were 120 properties newly listed in Denver on Thursday November 02, 2006. View new listings Minimum price: $45,000 Median price: $210,250 Average price: $280,297 Maximum price: $1,500,000 A few examples of newly listed properties: See all$424,000 $119,900 $119,900 $134,900 $134,900  There were 70 properties with reductions in price in Denver on Thursday November 02, 2006. View reduced listings Minimum price: $48,000 Median price: $172,500 Average price: $210,956 Maximum price: $899,900 A few examples of reduced price properties: See all$169,900 $269,900 $48,000 $195,000 $59,900
Comments 1
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Blackmail is a nasty little game some people play on each other.  Blackmail though it exists is not a nice game to play, further more, it is not really what this post is about.Art is the theme of my post.  Blackmail is just art, at least in Denver.Yesterday I was doing my normal Sunday walk around having fun shooting my Canon.  I came across 3 black mail boxes with different sayings on them.  The sayings are:"I told you  never to call me here someone will find out""I have evidence of your secret life""I'll send the negatives to the police if you don't send money"The sayings on the black mailboxes were amusing, I clicked a shot, not really thinking about it.  Later last night while downloading the pics, it came to me....black mail boxes....BLACKMAIL!Art...sometimes it's takes awhile to u...
Comments 35
By Judith Clausen, Judith R. Clausen
(Buyers Advantage Real Estate of Metro Denver)
What’s happening in the Denver real estate market these days?  It depends on who you talk to (or read).According to Denver Metrolist, the database used by real estate professionals, the number of single family homes sold decreased over last month by 18.13% and over last year by 11.89%. The average sale price in September was $308,903, down from $320,092 in August, a 3.5% drop.  Compared to last year the average sale price was down a slight .97%, showing stagnant prices for the 12 month period.  The median price for a single family home was $243.500, down from $250,000 last year (a 2.6% drop) and from $252,900 in August and $259,500 in July, showing a steady trend of dropping prices.Only part of the drop since July can be explained by seasonal differences, families wanting to get into ho...
Comments 2
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
 Denver Real Estate & Current EventsLast week the Denver Art Museum opened, with rave reviews.  People stood in line before the sun came up to get free timed tickets to enter.  Some even came back in the middle of the night just to be among the first to see the museum.  Have I seen it?  No.  Have I been stalking it?  Yes.  I keep trying to find the perfect spot to photograph it.  Here is it looking at it from the east on 13th Street at about 2 p.m.  Still a couple blocks away my 55-200mm pulls it in.Note the Denver Library to the right.  It too is an architectural wonder.  Welcome to Denver...
Comments 13
By Maureen Francis & Dmitry Koublitsky, Coldwell Banker Weir Manuel
(Coldwell Banker Weir Manuel)
Kristal, I hope I am not stealing your thunder.  But, you know we are watching.  Today or tomorrow, you'll pass the 70K mark.  Only 2 other rainers have achieved such lofty pointage.  Also, in the next day or two you will post your 200th post.  Maybe others have done that.  I have no way of knowing.  But I do know that nobody else on the blog dashboard has amassed such an impressive body of work. Your posts have elicited about 2,254 comments, if my math is right!   You've been thought provoking (to the point of being plagiarized, but we don't need to rehash that), entertaining and inspirational.  Frankly, nobody else, has been able to write so many posts and have them be both interesting and commented upon, again I refer you back to the blog dashboard as evidence. You haven't diluted yo...
Comments 16
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Remember a few days ago I posted a blog about getting ideas to share in my presentation?  Well I used quite a few of your ideas today.  The session was not nearly long enough.  At the last minute I decided to sign up a new member and do a blog, just to show everyone how easy it is.  Well it is easy, except the new member's email needs confirmation through their email!Foiled!  Gosh darn another great idea went down the tubes.  (I blamed Bonnie Cox, because she wanted the points for the new member) The reality is the plan would not have worked with a newbie.  I should have just posted a blog on my own, including this cool picture of the group, taken for this purpose.  Aren't they Gorgeous?My allotted time was not nearly long enough to do justice to Blogging.  Many in the group want to lea...
Comments 14
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Blogging is great fun.  The ideas for blogging sometimes come at a place that is hard to keep up with. When I'm on, the ideas flow and sometimes change from the time I create the title and finish my thought, it's an entirely different thought!  Why does that happen?We are products of 3 things in our lives, the people we meet, the books we read and the places we have been.  Blogging reflects all of these.  Starting out with one thought and ending up with an entirely different bent on the topic isn't so much a lack of focus but a rush of uncontrollable ideas...I want to get them all out.What is even more strange to me is how sometimes the blogs are interpreted.  I may be going for a response and end up getting something totally different.  Is that because I'm not clear in my thought commu...
Comments 11
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Selling real estate takes many skills.  Aside from the technical skills of real estate sales, Realtors need to know the housing market, distinctions of the various neighborhoods, price ranges, values, trends, construction styles, floor plans and neighborhood amenities.All these skills are packed into one package, us The Realtor.Many of these skills are learned on the job, over time.  Others we overtly must investigate, so we can relate to our clients and customers.  Not all things interest us personally, but Realtors find the more they know the better they can assist a buyer in finding the right home.As a Realtor, I often have questions directed at me, that I know nothing about.  Questions like these stir me into action, to learn more about what I don't know. Educating myself, so I can ...
Comments 6
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Inquiries from Out Of State Buyers searching for homes can be very predictable.I can't tell you how many times I've been told, I want a Log Cabin in the woods on acreage, for under $200,000 or $300,000.  I roll my eyes and try to explain nicely, "we don't have many of those in Denver."Of course we have log homes, cabins maybe but certainly not in Denver.  With all the home search sites available to the public, wouldn't it make sense to check things out, before you open your mouth to insert foot?  I know people  have their dreams, but I wish they would get real.  Sometimes I just don't have the patience to be nice...again.  But I am.  Is it only me that gets these calls?  I'm sure other parts of the country have homes most can only dream about. What kind of calls do you get and how do yo...
Comments 20
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Real Estate Talks...When working with buyers its always interesting to find out what makes them tick.I talk about lifestyles and what clients enjoy doing. For some folks enjoyment comes from doing activities outside the home; golf, running, hiking, traveling, you name it.Others reflect on things they enjoy doing around the home, reading, cooking, watching TV or puttering around the home fixing things.Home-centric folks tend to take more time to purchase. They consider angles and concepts that the active away from the home folks don't. Location and proximity to "activities" maybe more important to the active buyer.  Then again sometimes the personalities are blended and they have to have it ALL.Measuring up buyers takes more than just asking them what they want in a home.  Sometimes lett...
Comments 7
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
We all remember how we began in the real estate business.  For some it was hard and others extremely easy....to pass the test perhaps.In Colorado at the time I was able to spend an additional month in class to qualify to take the Brokers Exam.  Considering the overall benefit of having a Broker's license vs. an Agent's license and the short amount of effort it would take to get it, that's what I did.  First I completed the course work for an agent, then the next month I took the Broker's exam.  I passed the exam, but still had to spend 3 weeks or so finishing up my hours.  Talk about boring...Reality set in when I went to interview.  At first I was pleased that so many Brokers wanted me as their agent.  My husband broke my arrogant bubble by telling me they would hire anyone that could...
Comments 6
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Home sellers  never cease to amaze me.  They paint their homes, inside and out, get new carpet, appliances, furnaces, etc. But do they pay attention to the front door?  NO!  How many times have agents had to struggle to open a dumb door knob.  For an agent, it's much like standing on stage at a comedy club, with NO humor coming out!  You bomb!  We want to sell your house, but we can't get in it!  So go splurge already, do it yourself or hire a locksmith.  Spend the bucks to present a lovely new lock to the world.It could mean the difference between a sale or not!Remember, if we can't show it, we can't sell it!  Are you guilty?
Comments 12
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Denver, Colorado has been very lucky in the past years, with opportunities that other cities do not have.  Ten years ago, we gained a brand new airport, DIA.  The old airport Stapleton was given back to the city.  Just prior to that Lowry Air Force Base was vacated and given back to the City of Denver for development.The cleaning up and redeveloping of both areas has offered the residents of Denver expanded choices in real estate.  It's been an economic boon to inner city living.  Perfect for folks who want both a new home and the convenience of living close to work.Both neighborhoods are on the eastern part of Denver, convenient to areas of commerce in Downtown Denver, I-70 and Cherry Creek.  They both offer a variety of lifestyle choices in size, style and budget.  Due to it's size, S...
Comments 1
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
A story in the Denver Post yesterday related how a ex-mortgage company owner is heading toward a new career...in loan fraud prevention.Michael Richardson's company went down the tubes when 5 of his employees got caught falsifying loan-apps, Social Security numbers, driver's licenses, pay stubs, yaddy yaddy.  He fired them immediately, but not soon enough to save his company.Loan fraud is rampant in Colorado.  What is amazing out of 337 claims to FHA, of those 1/4th came from 4 mortgage companies.  The mortgage business needs to be cleaned up.  Perhaps Mr. Richardson is the one to do it.From losing his life's work to becoming an activist against what took it away.  That's what I call turning Lemons into Lemonade.
Comments 2
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Bumper stickers don't seem to be as popular as they once were.  Now a days it seems the people who have them have tons of them so many you can't even begin to read them all while driving down the street.Today I grabbed a glimpse of out that said, "Where are we going? And why am I in this hand basket?"Have you seen any good bumper stickers lately?
Comments 5
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Sunsets are wonderful no matter where  you are in the world.  I've enjoyed the celebration of sunset at Key West where they make a big party out of the experience every night.  I've witnesses the same sun setting over ancient ruins in Anchor Wat, Cambodia and the Parthenon in Greece.  Last night I made my husband stop the car so we could sit on the veranda at the welcome center to Reunion while the sun graced its beauty on the Front Range of the Rockies.  No matter where in the world you are...sunsets are a celebration of beauty and life.  I took this photo to share with you...
Comments 1
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
When negotiating a residential real estate contract, there are typically 4 items we "fight" over.  Those are; 1) price 2) terms 3) possession 4) personal property.   Buyers and sellers should consider these items and rank them according to importance.  Sometimes the best transactions occur when we find the buyer and seller have matching needs.  For instance a seller may not want to close until a date in the future, but is willing to take less for the house, just so he doesn't have to move twice.  If the buyer is price sensitive but has the time to wait, this could be a win-win situation.   Terms include seller concessions to the buyer.  This could be in the form of paying closing costs, prepaids or even buying down a point.  Buyers who are "cash poor" but well employed welcome and need ...
Comments 2
By Kristal Kraft, Selling Metro Denver Real Estate - 303-589-2022
(Novella Real Estate)
Making home improvements is an expensive process.  Sometimes the homeowner runs out of money before he runs out of things to improve.    When it comes time to sell the house the homeowner discovers buyers have a hard time overlooking the things that didn't get done.  In fact, the things that aren't done are what the buyer DOES notice.   Bottom line advice to homeowners, do it all or don't bother.   You have a choice your can do a total remodel, fixing everything from the inside out or you can sell it "as is".  Price it accordingly and you will save yourself a lot of headache and heartache too.
Comments 0
By Bonnie Cox
(RE/MAX Masters)
1400 Homes Planned in new Solterra--Carma, a large "community builder" is planning a $550 million housing development called Solterra, that will eventually have about 1,400 homes.  This 280 acre development will be along Alameda Parkway near C-470 on the western edge of Lakewood, Colorado. This will represent the largest residential development ever be built in Lakewood.  Solterra will also be the site of the 2008 Parade of Homes. This new development will be appealing to people for the reasons that we live in Colorado.  In minutes, you can be on a trail mountain biking in the foothills, but you're only 20 minutes from downtown." 
Comments 0
By Bonnie Cox
(RE/MAX Masters)
Water in the west is as important to our way of life as fuel oil is for people in the east.  The Denver Water Board is toying with an idea that, frankly, I think may have some merit.  The discussion is being considered to require existing homes and businesses to be retrofitted with water-efficient plumbing fixtures at the point of sale. The retrofit regulation would include an inspection of homes to check for everything from leaky faucets to water-guzzling sprinkler systems. There's nothing as effective in terms of reducing per capita water use as changing from an old 5-gallon toilet to a 1.6-gallon toilet. Denver Water manager Chips Barry said "it's an idea that's still in the early stages and "probably needs a lot of discussion over a couple of years." In his annual State of the City ...
Comments 0
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