July resales increased 5.74% over June of this year, and increased 2.8% year over year in a new report released this week. In addition, over one third of the resales that sold in July were on the market for less than a month.
In a new survey by Architectural Digest with Sotheby’s International Realty Affiliates LLC, upscale subscribers indicate confidence in the Real Estate Industry. A full 85% of those who responded to the "Seeking An Extraordinary Lifestyle" survey agreed with the statement "I think real estate continues to be one of the better investments a person can make." Here's why.
Money's list of top American cities again includes Fort Collins. Just north of Denver, this small, charming city has a lot to offer, from recreation, to two of the states most notable microbreweries to great housing choices. One notable community, Observatory Village, features a working observatory, alongside the community clubhouse and pool.
Condo and Home sales were up in June from May numbers. Last week Denver Business Journal pointed out that while pricing is less than that of a year ago, so is the average square footage of homes sold. Perhaps that is the reason for lower median home prices.
It may not be astronomical numbers, but many areas of Colorado are experiencing positive home price appreciation according to this article in The Denver Business Journal.
The Denver Post found some good news to report about the most recent figures released by Standard & Poors this week. Well done!
The Standard & Poors⁄Case-Schiller home price index was released today. Although Denver saw some price decline, it was one of the lowest in the country (3rd) and our month-over-month (March to April) change was positive. There will be other "takes" on this report in the coming weeks as it pertains to the rest of the country, but for Denver, the news is positive!
Fortune Magazine has named Denver one of the top 6 markets in the country for finding real estate bargains. Now more than ever is the time to buy!
History tends to repeat itself, especially when it comes to market cycles. This Denver Post article suggests the shortening average "days on the market" for resale homes could be the precursor to home price escallation.
A recent study, released by The Genesis Group, an Englewood based research firm, showed that both single-family homes and attached housing such as condos and townhomes at Lowry appreciated more than those in comparable Denver neighborhoods from 2000 through 2007.
While Lowry's East Park neighbhorhood is in full swing, a mid-rise loft community, Luce, is underway in the community's Town Center. With existing amenities, including a grocery store, several restaurants, boutique shops and the outdoor recreation available within Lowry, this is a good opportunity to explore.
