Archives for February 2012

New Slifer Denver Website

After many months of preparation, Slifer Smith and Frampton – Denver has launched it’s new website!  Being a general brokerage house in Denver, we felt it was very important to highlight neighborhoods other than just Riverfront Park.  While we know Riverfront Park better than any other brokers in the city, we also have a wealth of knowledge when it comes to other city close neighborhoods.   Check it out, I will be posting blogs on www.SliferDenver.com as well as www.mydenverloft.com.

Another Reason to Buy

An article in the Denver Business Journal reported that rents have gone up 10% in the last year.  In a study done by TransUnion, a provider of credit information and information-management services, the average rents in the Denver area climbed from $777 in the fourth quarter of 2010 to $857 in the fourth quarter of 2011.  Landlords are not only able to collect higher rents but are being pickier about who they will lease to.  The landlords are looking for tenants with the higher credit scores and the ability to put down a higher deposit.  As rents continue to climb, the for sale market is still slow.  It might be time to reevaluate your living situation.  Click here to read the whole article.

New Listing: 522 Logan Street

I know this is not a loft, but it is a new listing of mine that is really cool.

This beautiful home built in 1906 has been completely restored.  Solid brick masonry, hardwood floors and an open floor plan makes this half duplex a must see.  The main floor features a spacious living room, kitchen, breakfast nook and a half bath.  Three original stained glass windows with a restored fireplace enhance the rich history of this home.  Upstairs are two bedrooms and a full bath.  The large master suite has been expanded to include a study.  Additionally, there is a third bedroom or den downstairs with plenty of storage, a wine cellar and laundry room.  The private back yard is beautifully landscaped.  A new redwood deck above a two car garage is perfect for enjoying the wonderful Colorado weather.  A delightful covered front porch with a swing adds to the great outdoor space of this home.  Located in the charming Capitol Hill neighborhood; walk to great shops, restaurants, Alamo Placita Park, Cherry Creek Bike Trail and more.  This home has a walk score of 91.

Walk Denver

Denver was highlighted in a New York Times article about walking.  A local architect, Gosia Kung, co-founded an organization called Walk Denver that is making waves.  This organization and advocacy group has a vision for quality built environment that fosters healthy lifestyle and economic growth.  Gosia says “people are pedestrians by design and walking is the most basic form of transportation.”  Colorado is the leanest state in the country because of a focus on the outdoor culture that is so important to residents.  Gosia is trying to work with city planners and the public about how important pedestrian activity is to better public health and economic life.  To read the whole article and how to get involved, click here.

Photo Credit.

Inventory Low

Across the Denver metro area inventory is at incredibly low numbers.  In an article from the Denver Post, the number of homes for sale are down 41.6% since Jauary of 2011.  The market has picked up over the past few quarters but a lack of inventory threatens to stall progress.  It’s starting to trend like a seller’s market with the limited number of homes available.  There are currently 10,443 listings an the market, real estate analyst Dave Bauer, says he would be concerned if those numbers drop below 9,500.  Hopefully, as the weather warms up the inventory will start to come back and the market will continue to gain strength.

Denver Restaurant Week

It’s that time of year again that the best restaurants in Denver make a special menu to honor the mile high city.  For only $52.80 for two people or 28.40 for one, you can get a delicious dinner at one of Denver’s best eateries.  Denver Restaurant Week 2011 will be held for two weeks, from February 25 – March 09 and over 100 restaurants are participating.

This year I’m planning on trying Coohills for something new and going to one of my favorites Zengo.  I know that I’m biased with my office in Riverfront Park, but it never disappoints!  Click here to make your reservation.

Rent vs. Buy

In today’s market people are faced with a tough decision:  Should I rent or buy?  I go through this with my clients every week.  Purchasing in a recession can be very scary.  Not knowing what the future holds is always going to be intimidating.  But as the rental market continues to gains strength, purchasing is looking like the smarter decision.  A real estate research firm found that “based on current market conditions, buying a home is cheaper than renting in 74 percent of major U.S. cities.”  The real estate market has been at the bottom for a few years and is slowly starting to come back.  Mortgage rates are at an all time low and rental rates are climbing.  What I’m trying to say is now IS a good time to purchase.  There are great homes out there at affordable prices.  If I can be of any assistance, please reach out and we can discuss what is best for you.  MSNBC had a great article about this subject if you want to read more.

Just Sold: Park Place #410

Park Place #410 closed on Tuesday for $250,00.  It was a delight to represent the buyer in this transaction.  Congrats Ed!

New Restaurant in Riverfront Park

Richard Sandoval Restaurants is opening a new wine bar connected to Zengo in Riverfront Park.  It will be called Al Lado meaning “Next Door” as it will be attached to Zengo but also have its own front door.  The location will be just to the East of Zengo where East West Partners Development office use to be.   This new restaurant will seat 75 people and will have its own food and beverage menu.  Al Lado is under construction now and expected to open 4th of July weekend.  Stay tuned for more information.

Just Sold: Glass House #1118

Glass House #1118 just sold for $341,000 on 1/31/12.  My seller was ecstatic that we closed 6K over list price!  Congrats to both buyer and seller.

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