Two New Schools planned for Central Park
DPS is committed to keeping pace with the rapid growth in Central Park and has announced plans for 2 new schools to be opened in Central Park for the 2013 – 15 school year.
Denver Public Schools is planning to build an elementary school in the Bluff Lake neighborhood that is scheduled to be ready in 2014. The school has been announced as a measure to keep pace with the demand of elementary students in the Central Park and surrounding communities. The Bluff Lake school will not be ready until 2014,...
Sellers market or Buyers market? I think we’re moving to the seller’s side.
With the benefit of hindsight, it is now very apparent that the Denver real estate market, along with the rest of the country, underwent a price correction starting in 2006. The price of real estate began to decline when the supply of home buyers dropped sharply as a result of the subprime mortgage crisis. As we all know, the law of supply and demand has a large influence on price. When the demand fell, supply stayed the same exerting downward pressure on home prices.
The ensuing years saw high levels of supply coupled with massive regulation in the lending industry further diminishing demand establishing a...
Who priced this house? - Denver home valuation analysis.
Home valuation is an important duty when listing, buying or making an offer on a home. In Denver the listing inventory is dropping sharply as the amount of homes being purchased is on the rise. This is shifting our market toward stabilization. We are also seeing some areas and neighborhoods where prices are beginning to rise.
Denver home valuation is subjective and there are typically 4 parties that contribute an opinion toward the perceived value. As a rule it must be understood that a property is only worth what others have paid for comparable improvements/property.
Let’s take a look at all the parties involved in a real estate transaction and …
Denver Real Estate Growth expected to be the best in the nation (originally posted 12/2011)
As we close out of 2011 and head into 2012 the troubled housing sector of the economy is showing signs of improvement. Year over year housing starts and home sales are trending upward. This is welcome news as these indicators begin to show signs that we are ending the current real estate correction period.
So as the housing market begins to rebound nationally how is our local market going to fare? According to real estate guru Greg Rand, Denver is at the top of the list when considering real estate investment. He bases his opinion on fundamentals such as:
- Migration – Are people moving to...
Sellers, do you want feedback? An OFFER is your best feedback!
So you have decided to sell your home, congratulations. You have hired a realtor and come up with a compelling price based on the comparable properties that have sold in the area. You have painstakingly gone through the house to remove as much furniture as possible while still making the home feel warm and relaxing. You have spent countless hours cleaning and organizing so that everything in the house is purposefully placed. The yard is immaculate and the entrance is inviting.
Now comes the listing day when the home goes active in Metrolist. You are overwhelmed with excitement as your home in top shape and you feel that buyers are really going to like it. The house gets numerous showings...
How much will Central Park property value increase when light rail completes
This is a question I have been curious about for some time. It seems logical that in a neighborhood as active as ours that the benefit of light rail will be profound. Not only will it allow of easy car-free access to the airport it will afford stress-free travel to and from downtown.
Imagine walking over to the Central Park Station to jump a train for a quick ride downtown for a show, game, dinner or stroll. Imagine jumping a train to the airport and leaving your car parked in your garage. Imagine meeting family, in from out of town, at the Central Park Station and not the airport. This list goes on and on. With all the quality-of-life improvements coming with commuter rail access how do we translate them into property value appreciation?
We need a way to determine if this new transportation hub, opening in our back yard, will have an impact on property value. The term “Transit...
Why is real estate a great investment?
If you look at different ROI (Return on Investment) scenarios and which of those ROI scenarios would have made you the most money from January of 2000 through June of 2010, purchasing a home would have been your most savvy investment. If you had invested in the DOW, your Return on Investment (ROI) would have been -9.9%. If you had invested in the S&P, your ROI would have been -19.1%. The Nasdaq would have been -46.4%. If you had purchased a home in January of 2000 in Denver, your return on investment would be 27.5%. This means if you purchased a home for $400,000 it should be worth about $510,000 in today’s market.
Why real estate is such a great investment right now!
According to the Case Shiller Price Index, Denver’s home prices are about the same as they were in 2004!