Denver Real Estate News

You can find great real estate information here about the Denver real estate market.  Homebuyers can learn the latest about what they can expect to find in their home search process.  Home sellers can get a feel for the pulse of the market.  From time to time there may just be some good common sense tips on living life in general.  Enjoy!

Dec. 14, 2018

Denver Metro Real Estate Update November 2018

The average sold price for homes in November was $462,344 that is down 1.64% percent from the prior month and 6.47% up from November 2017. The amount of homes sold are down 17.27%  from the prior month with 3,732 homes sold in the Denver Metro Area. That's down 23.60 percent from November 2017. The average days on market is 31 up 6.9 percent from the prior month. There are currently 7,530 homes currently active on the market.

Dec. 12, 2018

City of Denver Real Estate Update November 2018

 The City of Denver Real Estate Market stats below for November show that there are 362 current detached listings and 649 active attached listings and 55 active Kentwood listings. The highest price sold in November 2018 was $3.725 million up 16.4% from the previous year which was $3.2 million in 2017. In the month of November there were 3,019 closed sales which is a 2.1% decrease from 2017 with 3,085 closed sales.  

Dec. 6, 2018

4th Annual Client Appreciation Pie Party 2018

Our 2018 Client Appreciation Party was a huge success!  We had a blast! We could not have wished for a better turn out with good people, great food and lots of laughter. It was an honor to have many new and long time clients visit us in our home. It is always such a joy, getting to catch up with everyone. We've heard back from several people that the pumpkin, apple and pecan pies were delicious for their Thanksgiving dinners. A special surprise in the goody bags that everyone took home from the party were the J. Garland Thurman chocolates. Thank you to our sponsors Colorado Cleanup Services and Solomon Brothers Construction Services who helped to make this event possible.

Garland and Patti Thurman 

Click here to see ALL photos from the party!

 

 

Nov. 26, 2018

Lone Tree Merry Days 2018

The holiday season is now in full swing and the city of Lone Tree has a lot going on. They will celebrate with the lighting of the City Holiday Tree for the season and join many of the community partners in the bringing the holiday spirit to Lone Tree. 

Friday, November 30th, 2018:

Tree lighting at the Lone Tree Arts Center 6:00-7:30 p.m.

Come out to enjoy Christmas carols ad other favorites from On the Rocks, a hot cocoa bar and s'more roasting hosted by the Lone Tree Arts Center Guild, fun giveaways and of course the Big Guy himself and his reindeer. Join Mayor Jacqueline A Millet and members of the City Council in kicking off the holiday season with remarks and the lighting of the tree starting at 6:30 PM. Entry is free. 

Story Time and Crafts at the Douglas County Library 6:00- 7:30 p.m.

Listen to some of your favorite holiday stories and make a fun holiday craft while snacking on candy canes and cider. Stories will be read at 6:15 p.m., 6:45 p.m. and 7:00 p.m. Entry is free. 

Cookie Decorating and Christmas Card Making at MorningStar Senior Living RidgeGate 6:00-7:30 p.m.

Sing along to Christmas carols while decorating cookies and making Christmas cards for the seniors in the memory care unit. Entry is free. The Lone Tree Arts Center North Parking lot will be closed for the event, Target Parking Garage and the Douglas County Library for all Friday evening events. 

Saturday, December 1st, 2018:

2nd Annual Schweiger Ranch Austrian Christmas and Christkindl Market 1:00- 6:00 p.m. 

Experience an authentic Austrian Christmas at Schweiger Ranch while enjoying the stunning holiday light display, Santa and his reindeer, the Holiday Tree lighting, and authentic Austrian food, beverages and entertainment. Entry and parking is free. Food and beverages a la carte.  

A Storybook Holiday: The Polar Express presented by Douglas County Libraries 5:00-9:00 p.m.

Join Douglas County Libraries as they magically transform the Lone Tree location into the North Pole on this exciting evening celebrating the Polar Express! There will be a visit with Santa, live performances of Polar Express characters, music and entertainment.  There will be make-and-take hot cocoa concoction at their Naughty or Nice Cocoa Bar, and enjoy other beverages. 

Nov. 12, 2018

Denver Metro Real Estate Update October 2018

The average sold price for homes in October was $471,321 that is up 3.26% percent from the prior month and 7.12% up from October 2017. The amount of homes sold are down 3.89%  from the prior month with 4,181 homes sold in the Denver Metro Area. That's down 15.89 percent from October 2017. The average days on market is 29 up 7.41 percent from the prior month. There are currently 8,539 homes currently active on the market.

Nov. 9, 2018

Luxury Real Estate Market October 2018 Update

The Luxury Real Estate Market stats below for October show that there are 681 current residential listings, 48 active condo listings and 65 active Kentwood listings. The highest price sold in October 2018 was $8 million, down 1.4% from the previous year which was $8.1 million in 2017. In the month of October there were 133 closed sales, which is a 6.4% increase from 2017 with 125 closed sales.

Oct. 26, 2018

Moving to RidgeGate?

An easy to use RidgeGate MLS search is just clicks away. One of the best features that I proudly offer on my website is the RidgeGate Real Estate Search

This is a comprehensive search, where you can search for any type of home that are available for sale in the entire RidgeGate area! There are plenty of options that are available for search including; residential, condominiums, foreclosures, vacant land, income properties and more. 

You can search in a couple of different ways depending on where your interest lies. You can search by MLS number, school district or even zip code. 

It is the quickest and easiest search available on the internet. If you would like to save any of the searches and/or specific listings that you may find yourself interested in, you simply need to sign up. It only takes a few minutes, there is no obligation and sign up requires limited information. to get started on your RidgeGate home search just click HERE.

Oct. 18, 2018

How to Save for a House Down Payment

For many, it is hard to wrap their head around the thought of a down payment for a home, especially a first time home buyer. One one side, this is a difficult task, while on the other it can be equally rewarding. So, how can you bulk up your savings and have enough for a down payment? Here are some tips and tricks:

Step One: Open a Savings Account

Opening a savings account at the same institution that you use for checking is the most convenient. Most banks and credit unions allow you to transfer funds back and forth from accounts electronically and instantaneously. This allows you to transfer money from your checking account without taking much time of your day, the beginning to making saving money easy.

Step Two: Start a Budget

The easiest way to start a budget is to use a spreadsheet. Start with your monthly gross income and then subtract taxes and other costs from your pay stub. This will give you your net income after taxes. Then, show what you pay for other monthly costs such as rent, student loans, car payments and credit card bills. Subtract these costs from your net income, also subtract other items you spend money on like, entertainment, parking or any other items. 

Doing so you will see how much you take in and how much goes out. Next question is how much can be cut out? To create significant savings, you will have to be ruthless, set a time to review your spending and budget. Go through every dime spent and see if it was justified and if not think about saving it the next month. 

Step Three: Check Interest Rates

Interest rates differ for such things as credit cards, savings accounts, car loans and other accounts. Go through each bill and account to check the interest rate. Are there areas where you could do better? Some you may be able to get lowered, for instance, some credit card companies will lower the rate for prompt payments. 

Step Four: Check Your Credit 

Your ability to borrow- and the rate you pay- are closely depending on your credit score. Lenders are generally more willing to originate a mortgage for you with a low down payment and less savings if you have strong credit. Credit score is based on the information in your credit reports, electronic files that show such things as where you have credit accounts, how much you have borrowed, your total debt, any missed or late payments, and how much more you can borrow with existing accounts. 

It is important to check your credit because about 20% of all credit reports have errors, according to the Federal Trade Commission . 5% have mistakes that can drop scores by 25 points, that's enough to move marginal borrowers into lower credit categories and force them to pay higher rates. The only solution for this is to check your report for errors and out-of-date items several months before you apply for a mortgage. 

Step Five: Use Windfalls to Your Advantage

It is always a good idea to save by spending less, but there's also another source of savings. It is the occasional events that bring extra money into the household such as birthdays, bonuses, tax refunds and of course weddings. This is all money that can be used to increase your savings account quickly without dipping into regular income. 

Mortgage programs want down payment money to come directly from borrowers to demonstrate financial responsibility and an ability to save. Because loan programs make a distinction between down payment money and other dollars, it is very important to get as much down payment cash as you can. 

There are two huge exceptions to the down-payment-only-from-you requirement. First gifts from parents, relatives and friends are generally welcome. The donor will have to sign a gift letter saying there is no expectation of repayment, interest or anything else. Second, there are many programs out there to help especially first-time home buyers. Some of these programs offer outright grants which need not be repaid, while others offer interest reductions and tax benefits. One thing to keep an eye out for while looking at these programs is to ask how long you must own the property before you can keep the profit from a sale. 

Hopefully some of these tips and tricks can help you or someone you know start saving for a down payment! 

Oct. 12, 2018

Heritage Hills Residents Halloween Boo Bash 2018

With October in full swing, Halloween festivities are found everywhere! Heritage Hills residents, the clubhouse is hosting a Halloween Boo Bash on Wednesday, October 31st from 4-5:00 p.m. They will have pizza, face painting and balloon artists. If you are thinking of joining in on the fun, RSVP via email by 10/29. This is a great opportunity for the residents in the area to get out and meet some of the neighbors and for children to wear their costumes prior to going trick or treating! 

Oct. 11, 2018

Cherry Creek September Stats 2018

The September stats for Cherry Creek show that there are 81 current residential listings and 79 current condo listings. There are 49 active Kentwood listings and 31% Kentwood market share. In September, the highest price sold was $1.29 million in 2018 that's down 53.4% from the previous year which was $2.76 million. The highest price sold to date is $3.2 million in 2018 which is a 33.3% decrease from the previous year, the highest price in 2017 was $4.8 million.