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 …

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 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 …

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 …

BORING!!!!!!!

Title Commitments - think they don't matter or don't even know what they are?  Are you already falling asleep?  You are not alone! Can you say $10,000,000 mistake??? 300+ people in Denver just found out they bought income restricted homes - and paid non-income restricted prices.   (My bet - this is not isolated to Denver) In …

Lakewood 1% Growth Cap – Horrible Idea

Looks like the risk of a 1% cap on the growth of housing units in Lakewood is back on the table. To recap, a group of local residents collected sufficient signatures to require the council to impose a cap of 1%, or place the measure on the November ballot.  A challenge was filed (on technicality …

Much needed affordable inventory

Village homes is planning new "affordable" homes for the area near Green Valley Ranch by DIA, near Chambers and Green Valley Boulevard.  With 698 homes planned, including single family detached, duplex and townhomes, this much needed product can't come soon enough.  Read more: Village Homes unveils 700-home community  

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. …

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