Sunday, July 28, 2013

Buying a Fixer Property

We have seen in the last 12 months a reduction in the number of properties for sale in Denver.  We have also seen a decrease in the number of Bank Owned and/or Distressed properties too. However there are still many properties out there which would appeal to you if you want to fix up a property.  If you are planning to live in the property, you have to careful about how you finance these type of properties.  The regular FHA program is probably out, you can do an FHA 203K where the loan includes money to do the repairs.  Conventional is an option where you have separate funds to do the repairs.  You should speak to a Lender to find out the best options for you
We have no idea what is in the 'shadow inventory' but it is good to be on the alert of new properties coming on the market.
If you would like to receive alerts of these types of properties, CLICK HERE
If you would like to see some examples, CLICK HERE

Wednesday, July 17, 2013

Looking for a Property with Mountain Views ??

One of the fabulous aspects to living in the front range in Colorado, is our amazing expanse of the Rocky mountains.  In fact it is quite impossible to get lost, you just look for the mountains and figure if you are heading north, south, east or west.

So it figures that 'views of the mountains' are a popular request when buyers are looking for a home.  

If you are in wanting a home with mountain views, or even city views, Click here to take a look at what is available

Monday, July 8, 2013

Denver Real Estate Stats for June

June - 2013 Real Estate Market Stats

Residential Sales
Entire MLS (All Areas)

Residential Highlights:
  • 11.4% increase in the number of closed sales year-over-year
  • 19% increase in the number of closed sales year to date
  • 39.4% decrease in average days on market (43 days in June)
  • 16.7% decrease in # of active listings
  • 22.3% increase in # of new listings (6018 new listings in June)
  • 7.7% increase in average price - sold ($349,339 in June)
Condo Highlights:
  • 22.8% increase in number of closed sales year-over-year
  • 23.5% increase in number of closed sales year to date
  • 41.9% decrease in average days on market (43 days in June)
  • 12% decrease in #  of active listings
  • 36.3% increase in # of new listings (1527 new listings in June)
  • 9.1% increase in average price – sold ($198,040 in June)




information courtesy of Land Title
Based on Information from Metrolist, Inc. for the period Jan 2010 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. 
does not guarantee nor is in any way responsible for its accuracy. Data maintained by metrolist, Inc. may not reflect all real estate activity in the market.