Aurora CO Home for Rent – Cherry Creek Schools
October 7th, 2011If you are looking for a unique home to rent in the Aurora CO area, take a look at this. Not only does it have a pool, hot tub, fire pit and cabana…but the huge backyard is a kids’ paradise. It features a basketball court, batting cage and playset.
Please let us know if you would like more information, or would like to schedule a showing. Wendy Bibeau (303) 808-0239
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Denver Real Estate Search | Denver Relocation Specialists | Denver Home Values
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I’m Seeing RED! Keller Williams Red Day is Underway….
May 12th, 2011
Have you run into a group of red shirts today? You’re not alone…today, May 12 is Keller Williams Red Day. Tens of thousands of Keller Williams agents are out in their communities today doing a variety of projects. RED Day falls on the second Thursday in May each year.
RED Day (Renew, Energize and Donate) is an initiative dedicated to celebrating Keller Williams Realty’s year-round commitment to improving our local communities. [Our] associates … participate in a wide range of projects, devoting their time to renewing and energizing aspects of the neighborhoods in which they serve. RED Day initiatives run the gamut: From rebuilding homes, refurbishing local parks, giving to local food shelters, hosting blood drives, beautifying beaches and so much more. Projects are chosen by each individual market center based on a need they see within their community. Recognizing her leadership in guiding the culture of our company, RED Day is held in honor of Mo Anderson, vice chairman of the board, Keller Williams Realty
Our office, Keller Williams Denver Tech Center, is collecting food for the Interfaith Ministries food bank, packing medical supplies at Project C.U.R.E. for tornado victims and volunteering at Children’s Hospital. Another reason we are so proud and grateful to be a part of this amazing company!
This Month in Real Estate – May 2011
May 10th, 2011This Month in Real Estate – April 2011
April 17th, 2011Denver Home Prices Aren’t the Whole Story – Don’t Forget About Rates!
March 3rd, 2011It seems these days like all people can talk about are homes prices. “Have we hit bottom?”….”How fast will they rebound?”…”If I wait a year to sell, will I make more money?”. Most often, what we find lost in the shuffle is any serious consideration of our still amazingly low mortgage interest rates. For many home buyers (and those wishing to sell and ‘move up’) the current interest rates need to be a major consideration in their decision-making process. Check out this graphic from the Keller Williams blog post, ‘How Rising Interest Rates Will Affect Affordability‘.
You can see clearly the impact of the interest rate vs. price on a monthly payment. In a recent post on InsideRealEstateNews.com, Denver real estate blogger John Rebchook makes the same case for this calculation. He provides another example:
A rule of thumb is that a home has to drop by 10 percent to make up a 1-percentage point increase in interest rates. In other words, if you want that $400,000 home at the same monthly payment at 6.25 percent as at 5.25 percent, the seller must shave $40,000 off the price and sell it for $360,000.
For even more eye-opening statistics, also see our recent blog post entitled ‘Is it REALLY a Good Time to Buy a Home in Denver?‘
If these numbers are making you reconsider putting off a home purchase or moving up to your dream home, we can help you do an analysis of your own specific situation. Call Wendy at (303) 808-0239 or contact us via email.
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Denver Real Estate Search | Denver Relocation Specialists | Denver Home Values
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Stats That Matter – What You Need to Know About Denver Real Estate Statistics
February 16th, 2011
If you like to keep an eye on the performance of the Denver real estate market, you may be overwhelmed by the complex and sometimes conflicting data you hear about in local newspapers and television headlines. We have prepared this handy guide to help you interpret what you are reading and hearing, and specifically target the information you must have to stay informed and make smart real estate decisions.
One of the most important factors to look at when interpreting a particular statistic is how large the area is that is being reported on. For example, statistics based on the entire U.S. real estate market will clearly be valuable only on a very macro level. Examples of these types of statistics can be found in stories such as this and this. If you are looking to buy or sell, for example, a Capitol Hill condo between $100,000 and $200,000, these types of national real estate statistics probably will not help you determine the best timing, pricing or your chances of selling quickly.
When you hear about Denver metro area housing statistics, these will be much more relevant as overall trends for our market. Examples of Denver market statistics include this and this. Rather than trying to keep up with and sift through this local data, you can also let the top Denver Realtors at The Bibeau Group do the work for you and simply sign up to receive one of our regular updates such as:
• Denver real estate email updates
• Facebook – Real Estate Denver
• Denver Real Estate Blog
• Denver CO Real Estate – Twitter
However, these stats are still not going to be enough to make decisions about buying or selling a particular home. For this purpose, you will be best served getting in contact with your Denver CO Realtor to request detailed Denver neighborhood real estate statistics, such as those below.
• Average list or sold prices – based all homes for sale or sold in a given area
• Price per square foot – quick view of the prices in your area broken down by square foot, sometimes a more useful number than average price
• Number of active listings/inventory – your competition
• Sales pace (absorption rate) – how fast homes are selling
• Under contract –homes that will be closing in the near future
• Average days on market – how long is it taking homes to sell
• Expired listings – what didn’t sell and at which prices
• Average seller concessions – money that sellers are paying to buyers for closing costs and other fees that is not accounted for in sales price
• Distressed sales – how many short sales and bank owned properties are selling in your area
• Percentage of homes with particular upgrades/features (i.e. new kitchens, 3-car garages, other parking, remodeled, etc)
How can you access this type of detailed information? If you are seriously considering putting your home on the market in the next three months or less, or have a specific home in mind to purchase, call us and we will prepare a market analysis for you. Along with an estimate of value, you will receive a breakdown of statistics such as those above to help you make your decision. If you will not be buying or selling in the short term, but would still like to track trends in your neighborhood or an area you might like to purchase in the future, our Denver Metro Market Snapshots are a great tool. Once you sign up, you will receive a monthly, detailed analysis of your area via email.
Now that you know a little bit more about Denver Real Estate statistics, please follow up with any questions or comments!
Greenfield Neighborhood, Centennial/Aurora CO – Real Estate Market Report
October 13th, 2010
The most recent Greenfield Neighborhood Real Estate Market Report has just been posted on our website. Highlights include lower average days on market than the previous quarter, and higher average sales prices and price per square foot.
Greenfield is a community of approximately 700 homes in southeast Aurora/Centennial, Colorado. The neighborhood includes a small area with townhomes, but is mostly single-family housing. There is a beautiful community pool and clubhouse, a playground, and a greenbelt winds through the community. It is also within the highly-regarded Cherry Creek School District.
Greenfield subdivision real estate market report
Homes for sale in Greenfield, Aurora CO
Greenfield Facebook Group
Greenfield Real Estate mailing list
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Denver Real Estate Search | Denver Relocation Specialists | Denver Home Values
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4 BR Updated Ranch For Sale, Aurora CO – Meadowood
September 27th, 2010
This nicely updated ranch has been renovated top-to-bottom, including new windows, roof, siding with new energy efficient insulation, interior doors and hardware, lighting fixtures, flooring and more. The focal point of this wonderful home is a lovely kitchen which features granite countertops, decorative backsplash, new sink and faucet and ‘touchless’ steel appliances (no fingerprints!). Both bathrooms have been updated as well, including flooring, cabinets and fixtures.
The full finished basement is perfect for entertaining and enjoyment. On one end is a bar and pool table, and the other is a decked-out theater room with built-in surround sound, custom paint and a built-in entertainment center with plenty of storage for your media library. The basement also has a fourth, non-conforming bedroom, a three-quarter bathroom and laundry room. The large backyard includes a freshly-stained 24 x 12 deck, tree-house and a 10×12 insulated shed (electricity, phone line and cable are all installed and man-cave ready). In addition to the extra long, one-car attached garage, there is additional parking for a boat or RV on the side of the house. This home is conveniently located close to Cherry Creek State Park/Reservoir and the Parker Road and I-225 interchange for easy commuting.
Is it REALLY a Good Time to Buy a Home in Denver?
August 21st, 2010When a statement almost becomes cliche, people naturally start to question its validity. I’m sure you’ve heard many of us in the real estate industry saying, “It’s a great time to buy!”. Sure, interest rates are low and prices are down in general…but many people in these economic times need more information in order to make that leap. At the Keller Williams Denver Tech Center monthly team meeting this week, our fantastic in-house lenders, Oxford Mortgage, presented two charts that lay out some pretty compelling evidence that it really IS a good time to be at least considering purchasing real estate.
First, a look at the impact of the amazingly low interest rates on the monthly payment for a $400,000 house. $500 is a huge amount, especially considering the ‘before’ rate of 6.27 really isn’t that bad in a historical context.
And, this is the one that might surprise people even more. Take a look at how Denver Real Estate has performed in comparison to other common investments over a 10-year period.
Of course, these statistics don’t account for all of the factors that come into play when making the decision to purchase real estate. However, they are quite striking. What do you think?
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Denver Real Estate Search | Denver Relocation Specialists | Denver Home Values
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Downtown Denver, Capitol Hill Condo For Sale, New Listing
June 9th, 2010
This lovely condo for sale in the heart of Capitol Hill offers historic character and charm, with original woodwork, crown molding and an exposed brick wall. The updated kitchen features slab granite and stainless steel appliances. A unique built-in buffet highlights the roomy dining room. There is a laundry area inside the unit, and deck in back overlooking a common backyard with garden area. This home also includes a 200-plus square foot storage area in which you can store your outdoor toys, extra furniture and more. Street parking permits are available from the city. This area boasts a Walk Score of 98 out of 100, making it a walker’s paradise in which daily errands do not require a car. Make this your home and walk to the Denver Art Museum, Denver Public Library, Tony’s Meat Market, Sports Authority, Dazzle, Le Central Restaurant, Core Power Yoga and so much more!
Check out the Slideshow Tour of this Downtown Denver Capitol Hill condo for sale for additional photos and info!
