Thursday, January 31, 2013

America's 50 Best Cities: Denver #6

Beating out Honolulu, New York, Charlotte, Los Angeles, Raleigh, Austin, and San Diego (among many others) Denver fell on yet another Top 10 list, this time making #6!

With assistance from Bloomberg Rankings, comprehensively evaluated 100 of the country’s largest cities based on leisure attributes (the number of restaurants, bars, libraries, museums, professional sports teams, and park acres by population); educational attributes (public school performance, the number of colleges, and graduate degree holders), economic factors (2011 income and June and July 2012 unemployment), crime, and air quality. Major professional league and minor league teams, as well as U.S.-based teams belonging to international leagues in that city were included. The greatest weighting was placed on leisure amenities, followed by educational metrics and economic metrics, and then crime and air quality. The data come from Onboard Informatics, except for park acreage, which comes from the Trust for Public Land. As the methodology has changed since the 2011 ranking, a city’s rise or fall compared with last year does not suggest that it has gotten “better” or “worse.” Check out the top 50 here

Here are the Denver stats:
Bars: 207
Restaurants: 1,741
Museums: 33
Libraries: 39
Pro sports teams: 6
Park acres per 1,000 residents: 10
Colleges: 13
Percent with graduate degree: 10.9
Median household income: $59,155
Percent unemployed: 8.9

Wednesday, January 30, 2013

Applewood West Real Estate Market Stats

Applewood West is a wonderful suburb of Golden located in the in the western part of Applewood, offering the Rolling Hills Country Club as one of its perks. There were 48 homes sold in Applewood West in 2012, compared to 43 in 2011. The average sold home price in 2012 was a whopping $379,000, an 8% price increase from 2011's average sold home price of $351,000.

There are currently only 7 homes for sale in Applewood West, and 3 under contract, meaning essentially no competition for sellers! There are only 1.8 months of inventory in Applewood West. What does this mean? A balanced market provides about 6 months of inventory. This means that Applewood West is a true seller's market, with very low inventory, and very high demand from buyers! 

This means it is time to sell at a premium in Applewood West! Email or call The Denver House Guy for a more detailed neighborhood analysis and consultation absolutely free!

Monday, January 28, 2013

Denver area top luxury home sales slideshow

Here is a slideshow from The Denver Business Journal about the top luxury sold homes in the 4th quarter of 2012. They range from $1-$5 million, and go from Greenwood Village to Boulder...Enjoy!

Sold Luxury Homes Slideshow

Thursday, January 10, 2013

Denver Business Journal: "Denver housing market strong on all fronts"

Metro Denver: Cold winter weather, hottt real estate market. Two reports detailing the metro Denver single-family resale home market show it continues to improve year-over-year as the number of sales grew, average sales prices increased and the time it took to sell a house dropped more than a month.
The December report from Metrolist Inc., released Monday, shows there were 3,400 homes sold that month, an 8% increase in the number sold in December of 2011.
Average days on the market continued its year-over-year plunge as December’s 73-day average is 32% below the 107-day average posted a year earlier.
Metrolist officials said there’s only one way to describe the real estate situation here: a seller’s market.
“All over the country, home sales in the winter months proved to be a bright spot in the headlines,” Kirby Slunaker, president of Metrolist, said in a statement. “The average sales price for a Denver-area closing in December was $289,926, a noticeable jump from November’s average prices.”
That average sales price was 1% higher than November and a 14% increase over the $253,986 sales price posted in December 2011. 
We really haven't seen this demand and these prices for years. Denver is far from "recovery," is presently rebounding.