Archives for September 2018

Denver Real Estate News September 16, 2018

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Denver Real Estate News
www.RealtyofCO.com
Published by
Realtor Chris Gibson
16 September 2018
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Denver Real Estate News This Week
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I know you expect me to be in the know when it comes to real estate news in and around Denver. Now you can be too. I hope you find this latest version of my newsletter interesting and helpful.

Thank you so much for all of the referrals.

Have a great day!


Chill taking hold in metro Denver’s housing market
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thumbnail www­.denverpost­.com – The number of homes on the market surged, the number of sales dropped, and price reductions were abundant last month, all signs that buyers are pulling back in metro Denver, according to the latest m…
Denver Real Estate Market Statistics August 2018
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thumbnail www­.realtyofco­.com – Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below.…
Report: Denver housing inventory rises to highest level in 4 years
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thumbnail www­.thedenverchannel­.com – DENVER — The Denver metro area’s housing market is showing signs of a slowdown in the rate of price growth as inventory increased to the highest level in four years, according to the September Denver…
4 Super-Easy Curb Appeal Projects to Max Out Your Home’s Value
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thumbnail www­.houselogic­.com – You’ve been spending so much time on projects inside your home (like that new shower you have to drag yourself out of), that your front yard is starting to scream for a bit of attention. You know you…
7 Ideas to Make Your Outdoor Living Space Irresistible
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thumbnail www­.houselogic­.com – When your mom told you to turn off the TV and play outdoors already, she knew what she was talking about. Hanging outside is good for our mental and physical well-being. As adults, having an outdoor …
Denver’s home prices are high, but so is the return on investment
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thumbnail www­.denverpost­.com – A listing of the most profitable housing markets compiled by realtor.com. Included are the average annualized return and median home list price. The downside of the Denver metro’s rising housing cost…
5280 Magazine Five Star Real Estate Agent
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thumbnail www­.realtyofco­.com – I am honored to be featured as a 5280 Magazine Five Star Real Estate Agent in the September 2018 publication. Thanks to everybody who gave me great reviews. And thanks for all the referrals. I am ver…
Upscale homes around Colorado Springs now selling briskly after years of lagging
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thumbnail gazette­.com – When the Colorado Springs area’s and Pikes Peak region’s single-family housing market nosedived during the Great Recession, luxury homes with hefty price tags and massive mortgage payments became a p…
Hike Colorado’s North Twin Cone Peak and Enjoy the Fall Foliage
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thumbnail www­.5280­.com – Get your fall color fix on this moderate hike through one of the state’s largest aspen groves, which leads to a mellow summit offering panoramic views of the Front Range. Length: 6-plus miles roundtr…
Perfect-For-Fall Day Hikes Near Denver, Colorado
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thumbnail www­.5280­.com – A waning Colorado summer brings cooler nights, earlier sunsets and an onset of radiant hues throughout the Front Range. See the best of fall in the Centennial State with these six accessible hikes—al…
Look Out Below: Rocky Flats Wildlife Refuge Trails Open Saturday
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thumbnail www­.westword­.com – The real story of Rocky Flats is too sprawling to fit on a single sign. The record fills dozens of boxes of top-secret documents that sit in a federal courthouse, still off limits to the public. It’s…
How Do You Know When It’s Time to Leave Colorado? | 5280
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thumbnail www­.5280­.com – One Subaru-driving writer grapples with his sense of identity as he realizes his dream state isn’t what he thought it would be. There’s a certain sound I associate with Colorado. It’s not the swoosh …
Colorado Is the Best State for Rich People, Study Says
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thumbnail www­.westword­.com – Why did Colorado wind up in the number-one position? According to RewardExpert communications director Kaja Olcott, corresponding via email, a key factor was the state’s “lowest-in-the-nation propert…
Colorado Springs ranks No. 6 in national survey of hot housing markets
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thumbnail gazette­.com – Colorado Springs’ hot housing market burned even hotter last month, according to a report Thursday by Realtor.com, a California-based online real estate service. In July, the Springs ranked No. 6 out…
Read An Ode To The Stunning I-70 Stretch Through Glenwood Canyon
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thumbnail www­.cpr­.org – Ryan Warner is the senior host and editor of Colorado Public Radio’s daily interview program “Colorado Matters.” He regularly reports on the most important issues facing Colorado – from the state cap…
Housing market is showing signs of cracking: ‘Anything-goes list-price strategy is no longer working’
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thumbnail www­.cnbc­.com – Fogg said he is also working very closely with his sellers now to make better and more realistic decisions about pricing. “The anything-goes list-price strategy is no longer working. Buyers want to b…
Real Estate Porn: Inside Ten Recently Sold Million-Dollar Homes in Denver
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thumbnail www­.westword­.com – We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking ‘X’ or continuing to use the site, you agree to a…
VIDEOS
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BUSINESS
Developer spends $13 million on property at I-25 and Evans – BusinessDen
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Boulder makes list of cities with most valuable real estate
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No HOA, but special district will provide more housing affordability, developer says
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To rent or to buy? The answer might surprise you
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5280 Magazine Five Star Real Estate Agent
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Developer spends $13 million on property at I-25 and Evans – BusinessDen
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LEISURE
Aspens Near Denver Are Turning Color Right Now!
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Colorado Fall, Pumpkin and Harvest Festivals 2018 | The Denver Ear
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The ultimate guide to Oktoberfest events in Colorado
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Hike Grand County’s Green Mountain Trail to Big Meadows
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Three Barbecue Joints You Probably Haven’t Been To
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Hike Mt. Sneffels, a Fourteener Near Ridgeway, Colorado
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PHOTOS
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EDUCATION
Denver Realtor Reviews – Questions to interview a buyers’ real estate agent
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Flat Fee Denver Realtor & Real Estate Agent
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Denver Mortgage Lenders
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Denver Realtor Reviews – Denver Home Inspections
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House-Hunting Tips to Avoid #Facepalm Moments
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Interior Decor Trend: Add Some Furniture to Your Bathroom
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STORIES
Denver’s 130-year-old Curry-Chucovich House was once owned by a notorious gambler. Now you can rent it on Airbnb.
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Is new Euro-style village development the future of suburban living in the Denver metro?
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7 Qualities of a Good Neighbor
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POLITICS
Denver offers a fix for affordable housing mess, but dozens of homeowners could take a hit
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Blueprint Denver: Leaders lay out vision for ‘inclusive’ growth over the next 20 years
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Is the city of Denver doing enough to avert its affordable housing problem?
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Black Forest residents fear their opposition to development could cost them
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Denver’s dwindling parking is in a free fall
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Denver land-swap deal with developer for park has fans, but critics accuse city of favoritism amid gentrification fears
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SUPER LOCAL
Pictures Of Downtown Denver Rooftop Views From Penn Square Condos
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New Project: Block 162 Hotel
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Denver’s Capitol Hill neighborhood home to sixth-largest share of U.S. millennials, study finds
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See the Latest Flags for Denver Neighborhoods
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Tennyson Street Businesses Try to Stay Afloat Through Construction, Scrape-offs
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Habitat for Humanity buys Elyria Swansea lot for $1.75 million, plans 32 homes – BusinessDen
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#DENVER
Boulder makes list of cities with most valuable real estate
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Redfin Report: Migration to Low-Tax Metros is Accelerating as More People Looked to Leave Expensive Coastal Areas in the Second Quarter | Markets Insider
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Business • Leisure • Education • Stories • Politics • Super local • #denver • #realtor
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Pictures Of Downtown Denver Rooftop Views From Penn Square Condos

Many condo buildings in and around downtown Denver have rooftop decks especially the new ones.  I am collecting pictures of downtown Denver from the rooftop decks of condominium buildings.

Located in historic Capitol Hill, the Penn Square Condos at 550 E 12th Ave were built in 1967.

Pictures Of Downtown Denver

Views and pictures of downtown Denver from the Penn Square Condos.

The highest floor in the Penn Square Condos is 19th so there is a good amount of height on the rooftop that is essentially the 20th story. The building is located in the Capitol Hill neighborhood close to Cheeseman Park. There are not a lot of the buildings around it that are taller than it is, which enables some pretty good views of downtown Denver skyline and mountains, however it was slightly hazy on this day.

I would rate this rooftop deck an 8 on the quality because of significant landmarks like the Colorado State Capitol and mountain views and downtown Denver skyline views. I would rate this rooftop deck an 8 on height because it it is tall in comparison to the surrounding buildings. I enjoyed all of the downtown Denver buildings I could see and the views of the Capitol and the views of the Golden Triangle neighborhood and the views of the Country Club towers with the Cherry Creek neighborhood in the distance..

See the pictures of downtown Denver that I captured from the rooftop deck at Penn Square Condos below.

Pictures Of Downtown Denver

Pictures Of Downtown Denver

Pictures Of Downtown Denver

Pictures Of Downtown Denver

Youtube video of views and pictures of downtown Denver from the rooftop deck at the Penn Square Condos

 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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5280 Magazine Five Star Real Estate Agent – 2018

I am honored to be featured as a 5280 Magazine Five Star Real Estate Agent in the September 2018 publication. Thanks to everybody who gave me great reviews. And thanks for all the referrals. I am very blessed by all the amazing people in my life. Below you will find an explanation of how they selected the 5280 Magazine Five Star Real Estate Agents.

5280 Magazine Five Star Real Estate Agent 2018 Profile

Five Star Professional partnered with 5280 Magazine to identify real estate, mortgage and insurance professionals in the Denver area who deliver outstanding service and client satisfaction. The Five Star Profession research team contacted thousands of recent home-buyers, as well as other consumers. Clients may also submit evaluation online. Phone and online respondents rated their service professional on criteria such as overall satisfaction and whether they would recommend the provider to a friend. The research methodology allows no more than 7 percent of professionals in each category to receive the award.

Research – How Our 5280 Magazine Five Star Real Estate Agent Winners Are Chosen

5280 Magazine Five Star Real Estate Agent 2018 EmblemThe 2018 Five Star Real Estate Agents, Mortgage Professionals and Home/Auto Insurance Professionals do not pay a fee to be included in the research or the finla list.

Each professional is screened agains state governing bodies to verify that licenses are current and no disciplinary actions are pending.

The inclusion of a real estate agent, mortgage professional or insurance professional on the final lists should not be construed as an endorsement by Five Star Professional or 5280 Magazine.

The research process incorporates a statiscally valid sample in order to identify the professionals in the local market who score highest in overall satisfaction. These professionals are not included on the list unless their score is statistically valid.

Determination of 5280 Magazine Five Star Real Estate Agent Award Winners

Professionls who satisfied each of the following objective criteria were named a 2018 Denver Five Star Real Estate Agent, Five Star Mortgage Professional or Five Star Home/Auto Insurance Professional:

Evaluation Criteria:

1. Qualifying rating

Eligibility Criteria:

2. Holds an active license and employed in their field for a minimum of three years

3. Favorable regulatory and complaint history review

4. Satisfies minimum production on a one year and three year basis

5. Successful completion of a Blue Ribbon Panel review

5280 Magazine Five Star Real Estate Agent 2018 Cover5280 Magazine Five Star Real Estate Agent 2018 Determination Of Winners5280 Magazine Five Star Real Estate Agent 2018 Profile Page

Real estate agents, mortgage professionals and home/auto professionals are pooled only with other candidates from their profession.

Five Star Professional partnered with 5280 Magazine to identify real estate, mortgage and insurance professionals in the Denver region who deliver outstanding service and client satisfaction. The Five Star Profession research team surveyed recent home-buyers online, gathering consumer evaluations of professionals in the area. Survey respondents rated their service professional on criteria such as overall satisfaction and whether they would recommend the provider to a friend.

The final list of 2018 Denver Five Star Real Estate Agents is a select group representing less than 4 percent of real estate agents in the area. To see the full list of winners visit www.fivestarprofessional.com .

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Realtor Reviews: Denver Real Estate Market Statistics August 2018

Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics August 2018

 

These Denver Real Estate Market Statistics are based on homes in the REColorado.com MLS within 30 miles of downtown Denver. Download a pdf version of “Denver Realtor Reviews: Denver Real Estate Market Statistics August 2018” by clicking here.

 

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Map

 

Youtube Video of Denver Real Estate Market Statistics Through August 2018

 

 

The average price for a home in Denver was $471,233 at the end of August 2018. The median price for a home in Denver was $407,500 at the end of August 2018. There were 5,377 homes sold in August 2018. There was 1.562 months of real estate inventory in and around Denver at the end of August 2018. There were 6,506 new real estate listings in and around Denver during August 2018. The median days on market for real estate listings in and around Denver was 10 days for August 2018.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of July 2018. They do not reflect real estate sales that occurred off market or outside of the Denver MLS.

 

The average home price in Metro Denver, Colorado

 

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Average Sales Price 12 Month

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Average Sales Price 5 Year

 

The average home price in Metro Denver is up almost 9% Year Over Year from $432,423 in August 2017 to $471,233 in August 2018. The average home price in Metro Denver is down 1.04% Month Over Month from $476,112 in July 2018. 

 

The median home price in Metro Denver, Colorado

 

 

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Median Sales Price 12 Month

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Median Sales Price 5 Year

 

The median home price in Metro Denver is up over 7.6% Year Over Year from $378,650 in August 2017 to $407,500 in August 2018. The median home price in Metro Denver is approximately 1.8% less than the median home price in July 2018 of $415,000.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Number Of Sales 12 Month

 

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Number Of Sales By Price Point

 

There were 5,377 metro Denver real estate sales in August 2018, about 5.2% less than the 5,439 real estate sales in August 2017 and just 0.1% less than the 5,383 metro Denver real estate sales in the prior month. For August 2018, the highest number of sales occurred in the $350,000 – $400,000 price point.

 

Number of new Metro Denver real estate listings

 

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Number Of New Listings 12 Month

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Number Of New Listings By Price Point

 

There were 6,506 new Denver real estate listings in August 2018, which is about 3% more than the 6,314 new listings in July 2018 and about 3.7% more than the 6,276 new listings in August 2017. The highest number of new listings this month was in the $350,000 to $400,000 price range.

 

Months of Metro Denver real estate inventory

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Months Of Inventory 12 Month

 

There was an average of 1.572 months of inventory on the market in August 2018.

 

Median days on market for a Metro Denver, Colorado home for sale

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Median Days On Market 12 Month

Denver Realtor Reviews - Denver Real Estate Market Statistics August 2018 Median Days On Market By Price Point

 

At 10 days, the median days on market is 2 days more than August 2017 and 3 more days than July 2018. 

Denver Realtor Reviews: Denver Real Estate Market Statistics August 2018 Conclusion

The real estate market within a 30 mile radius of Denver Colorado remains a strong sellers market, especially under $400,000. It has been my experience, and the numbers seem to prove, that the closer you get to $500,000 and if you go higher, there is less competition in general and you get a lot more home for the money at this point in time. We are experiencing a similar drop in buyer demand and drop in sales activity to what we experienced at this time last year, but perhaps slightly more dramatic, which is translating in prices below where they peaked in the spring as inventory increases. 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

Denver Realtor Reviews And Denver Real Estate Agent Reviews On The Denver Better Business Bureau (BBB)Denver Realtor Reviews Denver Real Estate Agent Reviews FacebookDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent ReviewsDenver Realtor Reviews - Denver Real Estate Agent Reviews


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