Denver Metro Single Family Housing Stats:

Active Listings: 8,353
· Down 40% from Apr. ‘11

Under Contracts: 4,622
· Up 19% from Apr. ‘11

Solds: 3,133
· Up 15% from Apr. ‘11

Average Price: $298,712
· Up 10% from Apr. ‘11

Average Days on Market: 90
· Down 17% from Apr. ‘11

Denver Metro Condo Housing Stats:

Active Listings: 1,901
· Down 52% from Apr. ‘11

Under Contracts: 1,059
· Up 22% from Apr. ‘11

Solds: 758
· Up 9% from Apr. ‘11

Average Price: $178,231
· Up 12% from Apr. ‘11

Average Days on Market: 91
· Down 26% from Apr. ‘11

Real Estate News

Holy moly! The metro Denver real estate market is in a frenzy with the strongest sellers’ market in more than a decade. As our inventory of homes for sale has plummeted and the economy plods along towards recovery we find ourselves with a huge imbalance in supply and demand: too many buyers and not enough sellers. The numbers speak for themselves:
· The inventory of houses for sale is down 40% over this time last year
o Inventory dropped another .7% from last month’s already super low level
· The inventory of condos for sale is down 52% over this time last year
· The price of the average home is up a whopping 11% over this time last year
o Prices leapt 5.2% in just the past month
· The number of properties under contract is up 19% over this time last year
· 55% of homes on the market are currently under contract – a level not seen since the 1990s

This is one of those be-careful-what-you-wish-for scenarios. A few years ago we were bemoaning the fact that we had a flood of inventory that we couldn’t sell. Sellers were frustrated because their properties would languish on the market. Buyers were extremely picky because there was so much inventory and so little urgency to buy – everybody figured the inventory would stay high for a long time and prices would keep trending downward.

Well, the tables have turned and now it’s GO time. When I take a listing anywhere under $400,000 I look at the sold comps to give me an idea of what properties in the area sold for in the past 6 months. Next, I look at the active listings in the area, which more accurately describe the market at this moment in time. But to get to a final price I then sometimes add $10,000 or $15,000 MORE to the asking price than the comps would justify just because it’s such a blistering market! Why not? There are more buyers than we know what to do with and my last several listings have all had multiple offers above asking price. The market is actively testing the ceiling on prices and so far we haven’t hit it. Demand continues to outpace supply and prices are lurching upward as a result.

The moral of the story is this is a once in a decade market with sellers testing the upper limits of prices and buyers are willing to pay. Call me if you’re considering a move so I can explain in more detail what’s happening right in your neighborhood.

Buyers

Buyers today are facing a new reality in the marketplace. For the past several years there has been a surplus of inventory making it a buyers’ market. Buyers could afford to be very finicky since there seemed to be an endless supply of properties coming on the market. No more. As you see in the graph, our inventory is at its lowest point since 1995. And since our population is 25% higher than it was in ’95, it turns out we have the LOWEST INVENTORY PER CAPITA EVER in our market. This means that now more than ever buyers need to be well prepared and work with a capable real estate agent to find the property that’s right for them.

 Sellers

Take a look at the graph below. What it shows is the result of the stunning sellers’ market we’re experiencing. With demand far outpacing supply it should be no surprise that home prices are rising quickly. The average home price in April the past four years was about $266,000, ranging from $251,000 to $275,000. The average home price for April 2012 was $299,000! So if you’ve been hesitant to put your property on the market now may be the time. Feel free to give me a call to discuss your situation and I can create a detailed Comparative Market Analysis on your home and let you know what your home is worth in today’s market.

 Investors

Sellers are not the only ones taking advantage of today’s low inventory and rising prices. Savvy investors are getting in on the game as well. Gone are the days when a fix and flip might sit on the market for months unnoticed. Today’s remodeled properties are selling especially quickly because while the inventory of all homes is very low, the inventory of quality, remodeled homes is much lower still. Fully 35% of the inventory in metro Denver is distressed, meaning bank owned or shortsale properties. Distressed property is almost never in move-in ready condition. So, investors with nicely rehabbed properties are selling quickly and for the best premium as buyers flock to their properties. At Your Castle, 35% of our closings are for investors so we have a great deal of in-house tools and expertise to help you along. If you’re interested in investing in real estate call me and we can discuss the many different strategies and styles of real estate investing.

YCRE in the News

Your Castle takes great pride in being a thought leader on the subject of metro Denver real estate. As such, our agents, managing brokers, and owners are often quoted in the press on the state of the local real estate market. 5280 Magazine’s May 2012 edition had an in-depth analysis that we were glad to contribute to. It’s a great article and worth reading. Here’s an excerpt: “Although the worst of the foreclosure crisis is probably over, banks are still sitting on countless repossessed homes nationwide. It’s frustrating buyers, sellers, and brokers alike, especially in a relatively strong market such as Denver. ‘Right now we have about 10,000 properties on the market; four years ago we had about 27,000,” says Charles Roberts, a co-owner and managing broker with Your Castle Real Estate. ‘Our inventory is down 39 percent from last year for single-family homes, and more than 50 percent for condos. It’s a dramatic change, and it’s driving everything right now.’”

Click here to read the full article

Mortgages

Mortgage rates are continuing to stay at the lowest points in history and it remains a great time to buy. In a recent news story we learned that home affordability is at an all-time high. The home affordability index indicates that right now you can buy MORE house for LESS money than any time in Denver history. The combination of low interest rates plus low home prices are making this a great time to buy and a great time to take advantage of a new mortgage.

Neighborhood Spotlight

Byers

Located between Broadway, Downing, Alameda, and Speer, the Byers neighborhood was named for William N. Byers, the founder of Denver’s first newspaper, the Rocky Mountain News. Byers offers city living in a neighborhood of small apartment complexes and single family homes. It’s within walking distance of beautiful Washington Park and also just a few minutes car ride to downtown Denver and Cherry Creek shopping and cultural events. Residents love being close to the famous independent Mayan theatre and an ever growing assortment of second-hand bookstores, art galleries, shops, boutiques, funky bars and high-end cuisine.

Advantages of Buying a Denver Home For Sale:

1. Build equity by paying down a mortgage - This strategy works over the long-term even if prices go down.
2. Can pay off your home in 30 years or even 15 years - After that, you won’t have any house payment other than property taxes and insurance. Can you think of a better retirement strategy than to pay off a Denver home?
3. Mortgage interest deduction - The mortgage interest that you pay each month to buy a Denver home is tax deductible.
4. You can do what you want – paint, decorate, remodel, landscape, the possibilities are endless.
5. No one can kick you out of your home – as long as you keep paying your mortgage payments.
6. In many Denver neighborhoods it’s currently more affordable to buy than to rent – mortgage rates are at all-time lows and Denver home prices are lower than they were a few years ago.
7. Can have any kind of pet that you want – as long as it’s legal and allowed by the HOA if there  is one.
8. Pride of ownership – “this house is mine”.
9. No security deposit – you don’t have to pay a security deposit to move in and you don’t have to worry about getting it back from your landlord when you move out.

Advantages of Renting a Denver Home:

1. You are not responsible for repairs – If the hot water heater goes out, just call your landlord.
2. Flexibility to relocate quickly – you don’t have to sell your Denver home first before you can move.

Contact your Denver REALTOR® to get started on your Denver home search today.

Denver Metro Single Family Housing Stats:

Active Listings: 8,303

• Down 39% from March. ‘11

Under Contracts: 4,328

• Up 50% from March. ‘11

Solds: 2,775

• Up 10% March. ‘11

Average Price: $284,035

• Up 4% from March. ‘11

Average Days on Market: 105

• Down 10% from March. ‘11

Denver Metro Condo Housing Stats:

Active Listings: 2,022

• Down 50% from March. ‘11

Under Contracts: 1,000

• Up 46% from March. ‘11

Solds: 700

• Up 3% from March. ‘11

Average Price: $161,848

• Up 1% from March. ‘11

Average Days on Market: 97

• Down 22% from March. ‘11

Real Estate News

The Business Cycle Dating Committee of the National Bureau of Economic Research met in June 2009 and determined that the recession that began in December 2007 was officially over. Of course, that was a cruel joke to most Americans who were still suffering through the worst economic downturn since the Great Depression.

However, three years later there are unmistakable signs of improvement in our economy. This has stirred the great awakening in the housing market because housing is inextricably linked not only to the economy, but to the perception of what the economy will do in the future. There are many measures for this perception but the best is probably the Consumer Confidence Index (CCI). This index polls thousands of Americans each month and asks them how confident they are in the economy. Between 2007 and 2008 it plummeted to a level not seen since the 1970s. The level crawled along the bottom for four long years until last year when it started rising. As more good news began trickling out of the U.S. economy the CCI has grown at a slow but steady pace for the past 12 months.

What is causing us to come out of our shells and believe our economic future might hold some promise?

• U.S. unemployment is down to 8.3%, its lowest level in years. The past six months have been the best streak for employment since 2006. Colorado’s unemployment rate is down to 7.8%.
• The stock market is at its highest level since before the recession began, doubling in the past three years.
• The Fed has all but nixed the idea of QE3, meaning it believes the economy is on its way to recovery and won’t require another massive stimulus fund.
• The 4^th quarter, 2011 GDP grew by 3%.
• Home foreclosure sales have dropped to a five-year low.
• According to the Case-Schiller Index the Denver real estate market is the 2nd best in the country.

Many would-be home buyers waited for years for signs of a stabilizing economy before jumping back into the housing market. The green shoots of progress have been growing steadily for the past year which has resulted in buyers jumping back into the housing market and creating our super red-hot housing market. Take a look at the bold figures in our Quick Stats. The number of homes under contract is up 50% in the past year!

So, if you’ve been waiting on the sidelines for the past few years wondering when it will be a good time to buy again, you might want to start thinking about it. Our economy is improving, inventory of homes is at record low, interest rates are still low (but rising), and home prices have begun rising again. Give me a call and I’d be happy to share all this data with you.

Your Castle in the News

Your Castle is proud to announce our 4^th biennial Investor Success Summit on Saturday, May 12!  This FREE full day event is for all metro Denver real estate investors who want to learn from the best in the business. There will be 11 individual speakers covering topics like How Many Properties You Need to Retire, How to Pay off Your Mortgages Early, How to Get a Loan on Your Investment Property, Property Management, and much more! The last session of the day will be a panel discussion with six of the most experienced investors in the Denver market. They will discuss how they are taking advantage of the current real estate market and will share with you their current strategies for acquiring, repairing, and holding or selling properties. Best of all, there is no selling, no sales pitches and nobody hocking books and tapes at the back of the room!

If you have any interest in buy and holding or fixing and flipping properties, you will want to come early and stay all day. All the local players will be there giving you a unique opportunity to learn from the best.

Contact me for more information and if you would like to attend

See you there!

Home buyers checklist when hiring a metro Denver REALTOR® as your buyers agent:

1. Check the status of their license and see if they have received any disciplinary actions at the Colorado Division of Real Estate website - http://eservices.psiexams.com/crec/search.jsp
2. Do they have an easy to use website that lets you save homes that you are interested in?
3. Does their website allow you to save your searches and receive email alerts of new homes for sale that meet your needs?
4. Do they have references from past buyers on LinkedIn?
5. Do they have recommendations on zillow.com and trulia.com?
6. Ask them for a few references that you can call to find out more about them and the services they provided.
7. Ask if they will show you some homes before signing a buyers agency agreement so that you can get to know each other. You can then decide if they are the best metro Denver REALTOR® for you.
8. Ask if they have worked with buyers like you before. For example, have they worked with investors, relocation buyers, foreclosure buyers, etc.?

Web Savvy Broker the best metro Denver REALTOR® to chose for your buyers agent. Web Savvy Broker provides all of the services listed above and more to help you find your metro Denver home dream home or investment property. See the Web Savvy Broker metro Denver home buyers page to learn more about our services. Contact your metro Denver REALTOR® today to get started on your metro Denver home search.

Home sellers checklist when hiring a metro Denver REALTOR® as your listing agent:

1. Check the status of their license and see if they have received any disciplinary actions at the Colorado Division of Real Estate website - http://eservices.psiexams.com/crec/search.jsp
2. Do they have an easy to use website that will prominently feature your home for sale?
3. Does their website allow potential buyers of your home to save their searches and receive email alerts?
4. Do they include a property website with every listing that includes virtual tours, video tours, and lots of photos to market your home for sale?
5. Do they purchase an enhanced listing on realtor.com to market your home?
6. Do they purchase a featured listing on zillow.com to market your home?
7. Do they regularly post their listings on craigslist.org to help attract buyers for your home?
8. Do they include full-color flyers to market your home?
9. Will they hold open houses to help find buyers for your home?
10. Do they have references from past home sellers on LinkedIn?
11. Do they have recommendations on zillow.com and trulia.com?
12. Ask them for a few references that you can call to find out more about them and the services they provided.

Web Savvy Broker the best metro Denver REALTOR® to chose to sell your home. Web Savvy Broker provides all of the services listed above and more to help you get your metro Denver home sold fast. See the Web Savvy Broker metro Denver home sellers page to learn more about our services. Contact your metro Denver REALTOR® today to get started on selling your home.

Kitchen sinks, appearance wise, have been one of the few things in a house that have seemed to change very little over the years.  For the most part, the major adjustments have been primarily cosmetic. After all, if a 1940’s housewife traveled through time and landed in a modern kitchen, she would probably have trouble working a microwave or other modern gadgets, but the sink- no problem! So how different is a modern sink from the kitchen sink of the 1940s?

1. Design. For the most part, sinks do look the same, but there have been minor changes. It’s becoming much more common for people to order chef faucets, which have the high-arching neck. You’ll find that the sink itself is much deeper and allows for better ease of washing dishes without water splashing everywhere. Even if you’re not Paula Deen or Bobby Flay, you can still enjoy the look of a cool sink.
2. Water Efficient. Many kitchen faucets of today have the capability of saving 30% more water than traditional kitchen faucets. Companies like Delta and Moen have worked hard to develop a line of faucets that will help conserve water and lower your water bill.
3. Lead-free. Having lead in your home is a scary thing, especially for new families with babies and toddlers in the house. American Standard is one of many companies that have developed a kitchen faucet that has a mere 0.25% lead content in their faucets. This is significantly lower than other makers and provides safe-drinking water for all.

Kitchen sinks and faucets have changed subtly over the years and it’s up to you to find the one that best fits your home and kitchen. Looking at the different designs, colors, and benefits of each sink, or faucet will be a guiding factor of what you will choose for your new home. Whether you’re building, buying, selling, or investing, kitchen sinks are definitely a factor to think about. As you consider what kind of sink you’d like in your new home, be sure to consult David Lampe for all of your real estate needs.

Choose Web Savvy Broker when looking for Denver luxury homes for sale because I understand the luxury market and working with individuals and families who require the utmost discretion. Web Savvy Broker takes confidentiality seriously for Denver home buyers who require a trusted adviser for their real estate purchase. Contact Web Savvy Broker, your Denver REALTOR®, to get started on your Denver luxury home search today.

See all Denver Luxury Homes For Sale

Featured Denver Luxury Homes For Sale

177 HUMBOLDT ST, DENVER, CO 80218

$5,985,000
Bedrooms: 8
Bathrooms: 9
Sq. Ft.: 11,362

  Photo Tour      Virtual Tour        

Listing # 1081686

Courtesy of: POINT RIDER REAL ESTATE

680 S UNIVERSITY BLVD, DENVER, CO 80209

$5,900,000
Bedrooms: 6
Bathrooms: 8
Sq. Ft.: 10,295

  Photo Tour      Virtual Tour        

Listing # 1081800

Courtesy of: WEICHERT,REALTOR PROFESSIONALS

576 CIRCLE DR, DENVER, CO 80206

$3,850,000
Bedrooms: 4
Bathrooms: 6
Sq. Ft.: 7,182

  Photo Tour          

Listing # 1093771

Courtesy of: PERRY & CO

425 MONROE ST, DENVER, CO 80206

$3,450,000
Bedrooms: 4
Bathrooms: 7
Sq. Ft.: 7,691

  Photo Tour      Virtual Tour        

Listing # 1069130

Courtesy of: SRI PROPERTIES

120 HUMBOLDT ST, DENVER, CO 80218

$3,290,000
Bedrooms: 5
Bathrooms: 5
Sq. Ft.: 6,615

  Photo Tour      Virtual Tour        

Listing # 1067367

Courtesy of: KENTWOOD CITY PROPERTIES LLC

2301 E ALAMEDA AVE, DENVER, CO 80209

$3,200,000
Bedrooms: 5
Bathrooms: 8
Sq. Ft.: 5,890

  Photo Tour      Virtual Tour        

Listing # 1089550

Courtesy of: FULLER SOTHEBY'S INT'L REALTY

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1. When deciding if you should remodel your metro Denver home before selling it or sell it as -is, you must weigh the cost vs. return on investment for any remodeling job.
2. Find a good REALTOR® to give you their opinion on the value of your home as-is and what it might be after remodeling.
3. Have your REALTOR take you to see homes in your area in similar condition to your home and homes that have been remodeled so that you can see how they are priced.
4. Kitchens and bathrooms have the best return on investment for larger remodeling jobs.
5. New carpet should be installed if your current carpet can’t be cleaned to look good or if it smells.
6. Paint is an inexpensive, easy do-it-yourself project which has a great return on investment and makes your home look clean and fresh.
7. Stick on linoleum tiles are also an easy to install do-it-yourself project to fix an ugly kitchen or bathroom floor.

1. Remove all clutter.
2. Remove almost everything from kitchen counters.
3. Remove excess furniture.
4. Arrange furniture to make your rooms appear larger.
5. Open all blinds and curtains for showings unless the window has a bad view such as directly at a neighbors wall.
6. Clean, clean, and clean more – Don’t forget to clean the inside of your oven, inside of your refrigerator, your washer and dryer if they are included, inside of your dishwasher, furnace vent grates, shampoo all carpets, clean walls, etc.
7. Dust all surfaces regularly.
8. Set your table with your finest china.
9. Put vases of flowers on your table and kitchen counter.
10. Make sure your home smells good – spray Febreeze on carpets and furniture, spray Lysol on hard surfaces, use potpourri and air fresheners. Burn candles and incense but not right before or during showings.
11. Turn on all lights for showings.
12. In the winter, turn on gas fireplaces for showings.
13. Override your thermostat for showings, set it to 70 degrees.
14. Always have your dishwasher empty for showings.
15. Remove 1/2 of the clothes from all closets.
16. Remove all photos of people from walls and surfaces.
17. Limit artwork on walls.
18. Have a bowl of fruit on table or kitchen counter.
19. Make all beds including children’s rooms before showings.
20. Remove all pets for showings if possible.
21. Remove all excess shampoo, etc. from tubs and showers.
22. Don’t forget to stage your yard too.
23. Make sure outside front lawn and entryway are inviting.
24. Clean up your yard.
25. Arrange outdoor furniture to make your deck and/or patio look bigger. Remove excess furniture if it’s too crowded.
26. Trim trees and bushes.
27. Mow regularly.
28. If you have dogs, clean up your yard every day.
29. Help your agent by restocking flyers outside whenever they get low.

These staging tips should help you learn how to sell a home in Denver. Many sellers do not take the time to stage their home. If you will take the time and follow all of these home staging tips, you will get your Denver home sold quickly for top dollar. Contact your Denver REALTOR® to get started on selling your home today. See the comprehensive marketing plan to sell your metro Denver home that is included with all listings with Web Savvy Broker.

 Denver Metro Single Family Housing Stats:

Active Listings: 8,082

• Down 40% from Feb. ‘11

Under Contracts: 3,329

• Up 13% from Feb. ‘11

Solds: 1,978

• Up 12% from Feb. ‘11

Average Price: $270,821

• Up 2% from Feb. ‘11

Average Days on Market: 106

• Down 14% from Feb. ‘11

Denver Metro Condo Housing Stats:

Active Listings: 2,004

• Down 49% from Feb. ‘11

Under Contracts: 821

• Up 11% from Feb. ‘11

Solds: 517

• Up 13% from Feb. ‘11

Average Price: $161,143

• Up 4% from Feb. ‘11

Average Days on Market: 101

• Down 22% from Feb. ‘11

Real Estate News

Here’s a riddle: how can it be both a buyer’s market and a seller’s market at the same time? It sounds like a paradox but in fact it perfectly describes our current Denver Metro real estate market. Here’s how:

In the market below $300k where 80% of the homes are sold it’s a blistering seller’s market. You heard it right, a seller’s market! There are only three months of inventory sitting on the market right now, where six months is considered a normal, balanced market. There are simply more buyers than sellers right now and this is translating into multiple offers on listings, sales prices often well above asking prices, and marketing times plummeting.

Particularly hot is the market below $225k, which has only two months of inventory. It’s not uncommon for a listing to have 10 showings and a full price offer in the first week. There are a number of factors that have caused this dynamic, one of which is the dramatic reduction in the number of bank-owned and short sale properties on the market. This reduction in distressed inventory has left regular home sellers in a great position and contributed to the sizzling seller’s market.

Ok, so we know it’s a seller’s market. Then, how can it also be a fantastic buyer’s market at the same time? It is, because according to the National Association of Realtors the Home Affordability Index is at its highest recording ever. Just like it sounds, the HAI is a measure of how affordable homes are in a given area. It’s calculated by comparing the median price of a home in the Metro Denver market to the median worker’s income level, taking into account the current interest rate for a 30-year fixed rate loan. What this means is that the median income earner can buy more house today than ever before. Why? Because home prices, while rising quickly, are still well below their peak prices of 5-6 years ago and interest rates are at never-before-seen historic lows. Take it all together and the average home on the market HAS NEVER BEEN MORE AFFORDABLE.

So, while it seems like a paradox that it can be both a great time to sell and a great time to buy, it’s actually quite true. Call me and I’d be happy to explain more how we got to this state in the market and how you can take advantage of it.

Buyers

It seems strange but it was only a year or so ago when we had a strong buyer’s market and we felt like we ruled the roost. I would take my buyers out and we would look at a lot properties without any sense of urgency because there was so much inventory in the past 4-5 years. It was such a complete buyer’s market we could negotiate very hard with sellers on price and terms because there was always another property available, always another home coming on the market.

Not anymore. My buyers under $300k are finding a serious lack of inventory and prices rising every month. We have been in a number of multiple offer situations recently, where this was unheard of just a few years ago. With the sophisticated tools I have at my disposal I’m looking harder than ever for just the right property that meets my buyers’ needs, whereas in the recent past there were so many to choose from it was like shooting fish in a barrel.

One of the results of this new market dynamic has been a re-education of my buyers. While we always negotiate strongly, the days of the 80 cents-on-the-dollar offers are fast waning. In today’s market, buyers have to be smart, savvy, quick to act, decisive, and competitive. The great news though is that because the Home Affordability Index is at its highest recording ever, homes are more affordable for the average buyer than they have ever been. By all appearances we are well past the bottom in the housing market and my folks who are purchasing now and locking in sub 4% 30-year fixed rates are buying at the perfect moment in history. Call me and I’ll show you why.

Sellers

Blistering. Sizzling. Red hot. These are the words that describe our housing market under $300k. We haven’t seen a market like this in years. Multiple offers are the order of the day. There’s simply too little inventory to meet buyer demand so sellers are pushing prices back up to pre-crash levels. The laws of supply and demand are very much in effect. Look at the inventory levels in Metro Denver for the past 10 Februaries:

2012 – 10,086

2011 – 17,358

2010 – 18,869

2009 – 20,059

2008 – 25,037

2007 – 24,838

2006 – 25,484

2005 – 21,730

2004 – 23,212

2003 – 22,989

This is what a recovery is supposed to look like: a dramatic drop in inventory followed by rising prices. If you’ve been considering a move, call me so I can do an analysis of the inventory and price movement in your neighborhood. After many years stuck in a buyer’s market, now might be the time to put your house up for sale and take advantage of the great seller’s market.

Investors

The sudden, dramatic rise in prices has been a boon for our fix and flip investors. High quality, fixed-up properties are selling at a premium right now because there are so few of them. An investor colleague sent this email a couple of days ago:

“I’ve been answering the phone “Multiple offers on Ash – if you’re interested in submitting a contract you need to have highest and best tonight and be over list price NET!”  I didn’t get a single low-ball and since I answered my phone that way – they knew I wasn’t bluffing! I had three written offers and two other verbals that were going to write but couldn’t compete.”

Consequently, investors are scrambling to get their properties on the market to take full advantage of this hot seller’s market. This in turn means they’re buying properties as quickly as they can, further reducing the available inventory and ironically pushing up prices even further. Tracking this dynamic serves as a great lesson on the real estate market. Everything is always interconnected: home prices, inventory, vacancy rates, interest rates, unemployment, and more.

YCRE in the News

The dramatic turn around in the real estate market has resulted in a flood of press requests for the data and opinions from folks at Your Castle. In the past month we have contributed to articles in the Denver Business Journal, Inman News, Colorado Public Radio, and Money Magazine. The April issue of Money will have an in-depth article on the state of the Denver real estate market and we were happy to contribute to it and all the other stories written about our market.

Mortgages

The mortgage market continues to remain strong with historically low interest rates. Low rates combined with low home inventory are making this a great time to sell your home and move up to a larger home with the same or lower monthly payment. We have several recent examples of clients selling their current homes and getting in to a home $40,000 – $50,000 more with the exact same monthly payment. Please give me a call or send me and e-mail and I’ll do a free analysis to see if this might be a good scenario for you to take advantage of.

Neighborhood Spotlight -  Park Hill South

For years, Park Hill South has been one of the most desirable neighborhoods in all of Denver. Bordered by 23^rd Ave., Quebec St., Colfax Ave., and Colorado Blvd., this beautiful neighborhood is anchored by glorious Georgian Revival and Italian Renaissance mansions. Years ago it became popular as a bedroom community to Denver. Now it is an ideal neighborhood just a few minutes to all the restaurants, culture, sports, and fun of downtown Denver. The Park Hill Library, Denver Zoo, Museum of Nature and Science, and City Park all are within easy reach. Multiple generations of families have grown up and stayed in Park Hill South and are a testament to the stability and desirability of this neighborhood. Take a drive through it, you’ll love it!

Find Park Hill homes for sale now.