Market Dips in January – What to Make of It?

The January 2019 reports from REColorado (the local association)  and the Colorado Association of Realtors (statewide association) indicate that sales activity in January was weak across the board.  The report form RE Colorado, indicates a -5.8% drop in the Y-O-Y median sale price in Denver County for the month of January.  This report combines attached …

I was wrong

Throughout the winter, my expectation was that as the market progressed into the Spring selling season, we would start to see a good increase in home inventory, getting us back to a more balanced market and taking pressure off pricing.  As we now sit on the cusp of the season, it appears I was wrong. …

CU Hospital Site Sold to Continum

This is good news - local developer with a good reputation and a successful track record.  Just what this high profile infill development site needs: University of Colorado's former Health Sciences Center at 9th Avenue and Colorado Boulevard has been sold for $30 million to Continuum Partners, a Denver-based developer instrumental in the development of …

Sleepy Cow Town no more

As we came out of the real estate downturn, the quick recovery and subsequent acceleration in the residential market and in commercial development activity  left many observers sitting with their mouths hanging open.    Residential home prices are now above their peak, and while the market has slowed in the winter months, it still appears …

New Listing in Cherry Point!

New Listing in Cherry Point: 3742 S. Grape Street: Get this sprawling ranch home and make it your dream home!  Over 2300 SF in the main house and another 270 SF in a pool room/office - yes it has a pool too!! Custom construction from 1959 so you know the home is solid! Large Master Suite …

Now That’s The Way You Debate!

In honor of the upcoming Presidential debate at the University of Denver (my alma mater!) The only movie debate reference that comes to mind: http://www.youtube.com/watch?v=_yYDzLUH1NE The Presidential debate is big news here, traffic is shutdown right in the heart of Denver, at the height of rush hour, so that should be fun (light rail is …

WalMart Development Hits a Bump

According to 9 News, the upcoming public meeting about the proposed development at 9th and Colorado has been postponed  and two council members have come out in opposition to the TIF the developer had sought: In the battle over a proposed Walmart at 9th and Colorado, the anti-Walmart faction now has the support of two Denver city council members and the developer has …

Cherry Point – Top Ranked Place For Suburbanites Right Next Door!

Cherry Point is right next door to Cherry Hills Village - the highest ranked suburban area according to a study by Coldwell Banker Real Estate, LLC.  As reported in the Denver Business Journal: In the eyes of researchers at Coldwell Banker Real Estate LLC, the top place for suburbanites in the United States is the Arapahoe …

WalMart Traffic – Nearly 20% More Vehicle Trips Than Today’s Volume on Colorado

Today I spent about 40 minutes driving from Cherry Creek to 8th and Colorado, then to Exposition and Colorado, then back to Cherry Creek.  Traffic was so thick (probably nearing peak levels) that I peeled off and cut through Hilltop on the way there, then Bonnie Brae on the way back - This  is one of …

Higher Priced Homes – Selling Like HOT CAKES!

From John Rebchook's Inside Real Estate News: Buyers in the Denver area snapped twice as many “Signature Properties” in August than they did in August 2011, according to a report released today by independent Realtor Gary Bauer. Buyers bought 88 homes in the metro area, priced from $750,000 to $999,900, compared with 44 in that …

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