What happened to the Denver Real Estate Market...Denver Realtor Explains

It is a good question, but as best I can tell 3 things:

Buyers are skittish to get into a bidding war, and interest rates got so low for a while, then rose about 1%; not a lot but any excuse not to do something is a good one for a nervous buyer.

Asking prices of homes got a little bit higher than the buyers liked too quickly and buyers have started to feel they were priced out of the market. A normal human response is they are not wanting to embarrass themselves by “low balling” an offer.

This year we have had a season of fires and floods here in Colorado. Some folks are distracted by that news much as I have been! But seriously, I closed a transaction this last week where a supplemental inspection for flood damage had to be done, in the Cherry Creek Area of Denver (no flooding there). It was required by the underwriter at the mortgage company because of the FEMA disaster declaration. In the past there were homes we could not get insurance on because of the fires in the state. This distraction will fade.

What is my upshot on this current market condition? Things have not really changed, and for sellers who want to wait it could be worth the wait. Buyers on the other hand may make their own situation worse by waiting further. They should take advantage of the sellers who have not sold in 30 days like folks did the beginning of this year and the historical interest rates. But everyone tells you it is a great time to buy a home. Finally; sellers need to be honest with themselves about prices, as ultimately that is what will sell a house.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Denver Real Estate continues positive news

Denver Foreclosures are still trending at 29% fewer than in 2010. This Realtor sees good news for home owners but worries there are not enough homes for sale.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Real Estate in Denver. Available homes?

Last month some say I gave you too much information (what????) about the Denver real estate market. Here is a short video of this month's chart showing only July new listings (periwinkle) and sales (cranberry). Major note: NEW LISTINGS are not coming on the market. Those are the properties that are new to the Denver real estate market and replacing the closed sales. There were only 3318 new listings and 2744 sales. Take a look:






I have watched this specific data every month for the last 12 years. The number one question I get is "How is the market?" Along with being an active listor and buyers agent in Denver, this lets me know the answer. And while a newby may be able to acess similar data, they will not have dealt with the emotions of the Denver home buyer and know what their decision process is like. When you want the best in real estate in Denver, give me a call or an e. I help nice folks find awesome places to live in Denver, Highlands Ranch, Littleton, Centennial, Englewood, Parker & Castle Rock Colorado



You to can stay on top of the market by subscribing to this blog or from http://www.denverrelocation.com/.I continue to be extremely optimistic about the Denver real estate market.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Denver housing statistics...what to look at

I have been tracking the multiple listing service data here in Denver for about 11 years.


It seems to me there are 2 key indicators that indicate the health of the Denver real estate market.

(See a month to month comparison here). See the annual trends here and the way NEW Listings have declined here

ONE: The number of sales each month compared to the same month the year before: an increase is good a decrease is bad.

TWO: The number of new listings coming on the market each month: Fewer means fewer folks "testing" the market and a lower supply: GOOD. More means more folks "hoping" to get their price: BAD. I guess the optimism factor has to be looked at too, however that could mess up my neat little way of looking at things.

What I do know is that for the first time in a long time, as a Buyer's Agent the buyers I am representing are in a situation where they could be, and were facing competing offers. Good for the Seller, not so for the Buyer. This happened in the City of Denver and in Highlands Ranch. Simply, I have to know the feel of the market. You do not want to be surprised by loosing a home due to another offer, nor do you want them to over pay for that same home. In the late 1990's we used to say "The best deal we can get for you is to get you there first". That time could be very close.

Here is the unabashed sales pitch...you need an experienced Realtor to represent your interests when you buy a home in metro Denver Colorado, or anywhere else.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Normal Healthy Rest - Denver

Sometimes words come from un-expected places. Those above have been part of my life for the last few weeks, but not as I have been resting, rather training. What I am learning is that all markets have periods of growth and then rest. Just as man wakes up and stretches and rolls over and goes back to sleep, the real estate market may do that too.

However, there is a sense that we are about to see an amazing period of growth and "work" if you will. There are lots of reasons for this, but as the shopping season is hard upon us for the holidays, my wife confirmed some learning I had gotten....""I bought that at XYZ and it was 20% off the 20% off price". If you were asked today "What would be a good price for that $2400 refrigerator" my guess is you might say 40% off?

How does this relate to real estate in Denver? About a year ago I know of a house that would have sold (closed) for about 450k. Today maybe 400k. I have a client whose home was worth 385 -400k 2 years ago. Today it is listed for 329k.

People get excited about some prices and the fact is every market has normal and healthy rest periods just as we do when we sleep. Then when we wake we go off to work, and things start to grow again. That is what I see the Denver market doing...waking up...ready to grow.

Is it time for you to wake up too? Investment in real estate wise that is?

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Residential, Industrial, Retail, Farm & Ranch?

This morning I was considering Doctors and how they have specialties, oncology, internal medicine, etc... I would not want an anesthesiologist prescribing what I need for my eyes?

I guess it is the same in Real Estate and yet different. The basics of buying and selling real property is the same. People have to want to buy and people want to sell. The seller needs to grant, convey, let, etc etc. to the buyer. However getting to the deed is really the issue.

With residential, we use allot of experts to determine the "condition" of the property. Home inspectors, radon testers, septic pumpers, well flow tests, electricians, sewer scopers, and more I am sure I have forgotten.

In Farm and Ranch it is similar, yet different too. Is there a farm "dump"? Are all abandonned wells properly plugged and the same approved by the state engineer? How about the boundry corners...are they well documented? How are the fence lines? And right of ways are all recorded or are they just verbal license agreements?

Industrial might conotate EPA studies.
Office Leasing have CAM expenses.
Retail have TI issues and utilities.

One of the reasons I do not "operate on" industrial, or business brokerage, or a number of other real estate specialties is because I, just like my GP, do not know all the specifics required by each set of circumstances. But I do know when you do need someone else to give you advice. And that is the point...whoever you deal with you need to have the faith that they will tell you when you need a better provider.

I can tell you I am pretty good at residential real estate as well as land and horse property sales. Real estate has so many facets, one needs to be confident in their abilities. Call me if you want a "consult" about your situation.

Pete Doty has been a Full Time Licensed real estate broker in Denver since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Houses still selling

In Denver, in July, 2185 homes sold, prices are up, days on market are down and the number of sales year to date is also up. What the press and the National Association of Realtors did not tell you is that July almost always "slumps" compared to June. Here is the chart of sales in Denver since 1999 http://www.denverrelocation.com/DenverStatisticschart.html.



OK, I have stomped that to death. What am I seeing out in the market? Buyers who have decided to take advantage are being cautious. Sellers are nervous. Homes not in top condition are languishing on the market while homes in good condition are selling quickly. Neighborhoods that have had prices stay steady if not edge up a bit have continued their slow climb while others that were more impacted by lower prices have rebounded a little more quickly.



As an example in July the "Denver" metrolist there was a 7.4% increase in average sale price while having the average days on market drop 14.3% and total sales for the year to date were up 1.2%. The Highlands Ranch and Lone Tree sections of that same MLS indicate a 2.7% increase in average sale price while days on the market fell 3.9% and the total sales were up 4.2% from the previous year.



Is there a sweet spot? Yes and no...with interest rates as low as they are most folks are figuring out a way to re-finance. The sellers that need to move get realistic quickly on their price and condition. But if there is a spot it is in the 330-450k range as those folks want to move up, but cannot until theirs sells.



The range that seems most active is still in the 200k area although I have great traffic on a 279k listing with lots of showings. And a 349k home that languishes. A year ago I said the sweet spot was the million plus market as the small builders were folding their tents and leaving them with the banks. Now I think the move up market is the prime target.





Pete Doty - Denver Realtor - A Full Time Licensed real estate broker since 1985. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Buyers need to know

When considering buying a home in the Colorado Front Range area, especially in the metro Denver area, buyers really need to know the information I published at this page http://www.denverrelocation.com/11ThingsinHighlandsRanchRealEstate.html.
It is copyrighted and personal for your personal use only.
If you know of someone thinking of buying a home in Denver, send them this link. It could be very valuable to them.

As a reminder Pete Doty is a full time licensed Colorado real estate broker since 1985. He goes to work everyday for you & your friends, learning about your home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to him for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop him a note to pete@Denverrelocation.com

We need to ALWAYS remember June 6th 1945 The Longest Day

Somehow I do not think Memorial Day should ever stop!
We always need to remember those who have given it all so we can do what we do.
In my case, help folks find, negotiate for, and buy or sell a home here in Metro Denver.
Last week I mentioned I had no memory of ever doing a contract on this weekend and especially on Memorial Day itself.

Well I sure "talked that into life". Thursday evening got a call, "we have a contract for you". That one did not come together and the buyer did not feel the seller was flexible enough. I guess they just would not come down to where his expectations were.

Then Friday evening I got another call: "we have a contract for you". This one we did come to agreement on after 2-3 back and forths on Monday and hopefully will be able to close in the month.

Finally got another call "we have a contract for you". And on Memorial Day we were trying to get the Seller and the buyer together, but there was too much separation. And interestingly, the Buyer has used the same tactics before, being reasonable up until time for a counter...they will never buy a home as long as they believe there offer MUST be accepted.

So thank you all, 3 contracts, only one deal, on memorial day weekend!
I am A Full Time Licensed real estate broker since 1985. I go to work everyday for you & your friends, learning new things about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Memorial Day Weekend --- Just Remember

There are a lot of folks who went "over there" and never came back. This weekend is to remember them. And thank their families for their sacrifice. It never is too late, you know. And do not forget to thank all the veterans in your life. Personally,I was a lucky one as others went before I was called. They went so I did not have to. Thank you!

Now on to a myth...it is a busy weekend for home sales? TRUE or FALSE?
Well, for the past 24 Memorial Days, I do not recall writing a contract for anyone on this weekend. But I do know I have shown allot of properties, mostly on Saturday.Why? Well folks are planning weekend BBQs, family parties, and the kids can really tear the place up in 3 days.So what I know is while there will be a fair number of showings Saturday, there will be almost none on Monday, our day to remember.
Sunday, sometimes is quick paced but more often is a slow day. Whats the point?While I currently have Saturday available to show you homes, I might not be able to if you wait to call on Friday afternoon (which is already booked, BTW).So, if you are thinking this is the weekend to go out and look for a new home, let's talk about it early. And if you find something you want to buy, at an open house or just happen to be driving by, know the owner, whatever, I can represent you and be your buyer's agent. In other words, do not sign anything without calling me first.

And when you are talking to any of our veterans, say thank you for me too! I am A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

A Seller's Salability Check List

So I was thinking; this might help some of you sell your homes; here in metro Denver or anywhere. All the points do not need to be spot on, but the more the faster sale and the higher the price you should net.

Take a look at this:
http://www.denverrelocation.com/RealEstateSellersSalabilityChecklist.html
It is my pleasure to help you.

A Full Time Licensed real estate broker since 1985 (a quarter century!!!! YIPES) I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Lots of folks ask...

"what are the returns on re-modeling projects?" Here is an article you might wish to read from US News & World Report, which in turn the data is from the annual Remodeling Magazines 2009-10 Remodeling Cost vs. Value Report. The Article is here http://tinyurl.com/yaoc2oo and the complete report can be found at http://www.remodeling.hw.net/2009/costvsvalue/national.aspx.
Additionally the REALTOR magazine publishes a similar report annually and the last one can be found at: http://www.realtor.org/rmohome_and_design/Articles/1001_costvsvalue_2009


Pete Doty has been a Full Time Licensed Colorado real estate broker since 1985. "I go to work everyday for you & your friends, learning about our home town!" Pete says. "It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com." 2nd opinions are welcome. Drop me a note to pete@Denverrelocation.com

TAX CREDIT: For Colorado home buyers.

First Time Home Buyers: Get Paid $8,000 to Buy a Home!If you are a first-time buyer, you could be eligible for up to a $8,000 Tax Credit. This meansyou could keep up to $8,000 of income tax you would have likely paid or receive a larger tax refund.In order to qualify for this program, you will need to enter into a binding contract to purchase ahome on or before April 30, 2010 and close on the home by June 30, 2010 and it must be yourprimary residence. Read the entire update at
http://www.denverrelocation.com/stimulus.html

Pete Doty is A Full Time Licensed Colorado real estate broker working in Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to him for real estate advice, property listing and marketing service, multiple listing service, available at www.DenverRelocation.com. Drop him a note at pete@Denverrelocation.com

Carbon Monoxide in Your Home?

From my friend Tom D'Agostino at Kimmel Mechanical:

After several deaths due to carbon monoxide poisoning in Colorado last winter, Governor Bill Ritter helped pass new laws surrounding carbon monoxide detectors in new and resold homes. However, many homeowners who purchased their homes before the new laws went into effect on July 1, 2009, may have concerns about how to protect their families from carbon monoxide poisoning during the cold winter months.

First, what is carbon monoxide or CO? It is a toxic gas that is completely odorless, and can be fatal to both humans and pets within minutes of exposure. Some people will experience symptoms with lower levels of carbon monoxide, but others have no idea that it is in their homes. If your home uses gas, wood, fuel, coal or kerosene as its major heat source, you should make sure your home is safe from carbon monoxide.

How do you protect yourself and your family? You can purchase carbon monoxide monitors from any HVAC contractor or hardware store, but you want to make sure you are purchasing one that is effective in monitoring the levels of CO in your home. If you have questions about which CO monitors are the best, contact Kimmel Service at 303-952-8668 or email Tom at tomd@kimmelservice.com.

It is also important to have maintenance done on your furnace or boiler each year to ensure that it is not emitting dangerous levels of CO. This is especially important if your furnace is over 10 years old. A trained service technician can determine through the maintenance if there is cause for concern.

Also, if you experience any symptoms such as repeated headaches, flushed cheeks, nausea or shortness of breath, be sure to leave your home immediately and call either Xcel Energy or the fire department to come check your home to make sure it is safe and determine the source of the CO. Your furnace, water heater or other gas appliance could be the source, and needs to be checked out by someone with a trained eye.

For more information or with other questions regarding CO in your home, please contact Kimmel Service at 303-952-8668. Be sure your home and family are safe this winter!

Pete Doty is a Full Time Licensed Colorado real estate broker working in the south metro Denver area. "I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, Aurora, Lakewood, or anywhere in metro Denver Colorado". Talk to Pete for real estate advice, properties for sale, Denver property listing service, all available at www.DenverRelocation.com. OR drop him a note to pete@Denverrelocation.com

Reason 14 to Move at YEAR End

From my friend and fellow Cyberstar Michael Maher in Kansas City:

It's easier on the kids! As a former teacher, I
can tell you the very best time to transition your child into a new
school is during the school year and precisely during the Holidays.
There is instantaneous submersion into a strong social support group.
The child is instantly installed into a caring environment - whereas
during the summer he or she has a smaller cast of characters to choose
from. The teacher will ease the transition and it is a great time for
the child to be the "new kid". To help that along, the parents should
sponsor a pizza party the first week of the child being in class.
Doesn't hurt to bribe for friends with pizza.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

13 Reasons to List During the Holidays in November and December

1. There is less competition for buyers.
2. Winter prospects are more serious buyers.
3. Your home looks better during the holidays.
4. One of the highest percentages if “the listing sold” to “listing taken” occurs during this time of year.
5. Expanded Home Buyer Tax Credit, for First-Time Home Buyers and Existing Home Buyers (specified criteria applies as defined by law).
6. You may receive more money for your home now because you have less competition.
7. Throughout the holiday season, you may restrict showings during your personal family events.
8. Buyers have more time to look at homes during the holidays, especially during vacations.
9. January is traditionally the biggest transfer month and you must be on the market to capture that market.
10. By selling now you can have a delayed closing or extended occupancy until the beginning of the following year if you want it.
11. When you sell during the winter you have an opportunity to buy during the spring, when many homes are on the market.
12. You may have fewer actual showings, but more qualified and motivated prospects.
13. Corporate transfers, who need to buy a home now, can’t wait until spring.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Great News! Sales highest since 2001 in September

You can see the trend. If you are thinking it might be time to take advantage of the Denver Real estate market, it might be time.

I have watched and worked in the local Denver Colorado real estate market since 1985. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@DenverRelocation.com

Can't you find a REAL job in Denver?

Those words still ring in my ears from 24 years ago when I told my mother I was going to sell real estate. So what got you there and what has kept you there some folks ask. Well, long stories longer, here goes…

In 1984 I was a successful young Landman in the oil and gas business with the company car, the expense account, and all the benefits except one; a contract. Do not get me wrong. I had a great boss who was fair and kind, but who had said to me when he hired me in 1982 that “when the money runs out, the job runs out”. “Fair enough” I had responded. My work should cause the money to keep flowing! And I worked!

Well, sometime in the late summer of 1984 the price of crude oil fell to an especially low point. It was sometime in September or October, Vince poked his head in my office door and reminded me of our conversation and added “well the money has run out!” effective November 30th. Being the young confident guy I was, I decided I could do the oil business better and stepped out and sold some prospects to other companies that they drilled, all dry holes though. And there was that last prospect that just about broke us as it was bought by a guy who went bankrupt. Never a word! But just in case as a contract landman I had gotten my Real Estate license so I could collect in court.

And that young confident nature caused me to never file for un-employment either. My wife did daycare in the home, I plowed snow and did day work in the old office. I sold a couple of homes for my partner too as I had a brokers license. I even tried to manufacture and sell the next pet rock called a "What Knot". I was trying to do too many things and not doing any well! It was an unsettled time!

So I am “working at home” one day in Englewood Colorado in late 1985 or early 1986 and there is a knock on the door. I open it to find a foreclosure notice! Well, as you can imagine, my wife and I had some agitated words that night but we succeeded in formulating a plan: We could either sell the house and buy another smaller one and stay in Denver; we could take a job in Midland (and get laid off again there); or I could sell real estate. We needed some money to get out of hole we were in and so I called the first national bank of MOM the next day. We explained our alternative plans and she politely agreed the first 2 were not good at all but when I came to #3 I heard the words: CAN’T YOU FIND A REAL JOB?" There were no jobs in Denver at that time as we had just had about 40,000 folks lose jobs in the past 2 years in the oil business alone. It was a very depressed market and we had 16% home interest rates too!

That is what started my real estate career(there will be more to come). However,
I have been A Full Time Licensed real estate broker since then and I love helping nice folks buy and sell homes. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Great Location Foreclosed Home

Just popped up on the MLS a 2300 square foot bank owned home in one of the older parts of Highlands Ranch. Coming on the market on a Thursday is typical for a foreclosure as they can get offers throughout the weekend and present them all on Monday. Yes we have had some success winning the bids so if you want a 2 story traditional home with a 3 car garage that you can buy for the mid 300s and then do some fix up, give drop me a line, quickly, as it will be gone on Tuesday! PS: NOT MY LISTING. I would be a Buyers Agent for you.

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

3.6% of "Denver" is "For Sale"

Checking the MLS yesterday in the "NORMAL AREA" known as Denver there were only 14,379 single family homes listed for sale. If there are 400,000 single family homes in Denver then we have fewer than 3.6% of the properties for sale. Not a huge inventory given there are about 2.5 million people living in metro Denver, and yes that includes the suburbs.

In the last few years Metrolist has added the Boulder, Fort Collins, Colorado Springs and other multiple listing services to their data stream so it is harder and harder to find good data. Add to the the blending and "merging" of Boulder/Longmont into metro Denver, and the real estate statistics really get blown out of the water. It is just hard to see where the boarders are. So sometimes experience counts!

My latest experiences tell me I need to counsel more on the stress this market induces. I may enjoy negotiating (and winning), but some folks find this business much more intense and frustrating, especially when there are multiple offers, and with only one exception, every property we have dealt with this year has been a bidding war. Everyone wants a deal, and so do the other buyers. Listings are being priced low so they INDUCE multiple offers and an AUCTION atmosphere. Be ready before heading out into this market, especially the first time buyers.

Make sure to talk to a Full Time Licensed Colorado real estate broker before you make any move. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com