Summer Market Update

Statistics from June are showing some welcome trends for the Denver Market. The biggest headline is the jump in inventory. Active listings are up nearly 35% from last year and new listings are up 7.4%. This means there is finally more supply in the market for buyers to choose from. Despite this bump in inventory, …

A Pretty Good Place to Live!

Here's a quick recap of a few recent news articles about our local area - If you already live here, pat yourself on the back because you picked a pretty good place to live! The Post's front page today has a story about the Holly Hills neighborhood being ranked top "2019 Best Place to Live …

MARKET STABILIZES IN FEBRUARY – Despite Boost in Inventory

Statistics from February are in from REColorado and it looks like things were relatively stable across most categories despite a decent bump in the amount of inventory.  Even with a 9% increase in inventory, pricing was relatively stable, showing that buyers - particularly in the lower price points are still eager to purchase. Here's a …

Cherry Hills Village – Third Wealthiest Town According to Bloomberg

Bloomberg came out with their annual ranking (LINK) of "Richest Places", and Cherry Hills Village was ranked third in their report behind Atherton,CA and Scarsdale, NY. The article cited accessibility to a city center as a key characteristic in the rankings and quoted managing broker at Sotheby's International Realty, Steve Blank as saying "it happens …

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 …

Happy Canyon – Legal Wrangling Ensues Regarding Sale

Following up on a previous post on the Denver Post Article about the Happy Canyon Shopping Center,attached (link here:gdadoc)is a filing in Denver District Court, from January 15th, where the receiver, Harvey Sender is seeking an order to authorize the sale of the Happy Canyon Shoppes - AKA the retail strip center, NOT the old …

Happy Canyon Shopping Center Update??

Today's Denver Post has an article on the status of the Happy Canyon Shopping Center project titled: "Happy Canyon shopping center: Indictments, delays and light at the end of the tunnel" Here is a photo I took in August 2018 - nothing has changed since (except 4 months of exposure to weather). The article paints …

Happy Canyon Update

Work seems to be progressing on the building modifications.  Tony's has a floor plan up on their website and some architect's renderings are available at this site: https://archinect.com/tinatownsendpoole/project/market-and-wine-shop-at-happy-canyon A person familiar with the project told me recently that they expect the owner's work to be completed by fall 2018 and that tenant work would likely …

Smartwool Relocating from Steamboat?

With VF Corp's recent entrancement of the relocation of their corporate headquarters to Denver, many Smartwool (A VF brand) employees are likely looking at the prospect of relocation from Steamboat to Denver.  The good news for these folks is that those that own homes will be selling in a strong Seller's market in Steamboat.  The …

BIG NEWS! – VF Corp Relocation

Hitting the news wires this morning is the announcement that VF Corp, the parent of brands such as The North Face, Vans, Smart Wool (founded in Steamboat), and others, will be moving their headquarters to Denver. VF Corp employs 70,000 people worldwide and has revenues of $11.7 billion. The move will bring roughly 800 positions …

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