It’s hard to believe it’s December! I love holiday spirit and the beautiful decorations that come out this time of year. The Riverfront Park neighborhood has been draped in garlands, bows and lights and it’s truly beautiful around here. If you are looking to buy, take a stroll around the neighborhood. The energy and optimism for next year is abundant. There are some great properties at fabulous prices, now is a GREAT time to buy.
Archives for November 2012
I came across an article on Denver Infill yesterday and found it facinating. There is a lot of construction going on in the city right now and most of what is being built is apartments for rent. This article will give you a great idea of where these projects are located and how large they are. Enjoy.
It’s hard to believe that the holidays are already here! This Thursday is Thanksgiving and with this day filled with eating also comes a fun event. The 39th Annual Mile High United Way Turkey Trot will be held at Wash Park. Last year 10,000 people started their day off with a four mile “fun run” benefiting Denver in the areas of School Readiness, Youth Success and Adult Self-Sufficiency. Food Bank of the Rockies is partnering with the event and participants are encouraged to bring any canned goods or toiletries for our neighbors in need this holiday season. For more information on how to register, click here.
In a recent Denver Post article, Denver home prices are back to the highs of 2006. This year has been a good year for real estate. The inventory levels being so low are pushing prices up and days on market down. In October, there were only 9,719 homes on the market, a 31.3% decline from October of 2011. “If the number of available homes continues to stay low and total days on the market remains at historic lows, we’re looking at the potential for a very healthy seller’s market closing out 2012,” said Kirby Slunaker, chief executive of Metrolist. As we close out 2012, there is no end in sight for a strong buyer demand and limited housing. The seller’s market has returned after several years of a strong buyers’ market.
RESIDENCE SALES PRICE SF BEDS/BATHS SOLD DATE STATUS
Glass House #1001 $470,000 1,257 2 BD/ 2 BA 10/1/12 Individual
Glass House #506 $404,900 1,231 2 BD / 1 BA 10/5/12 Individual
Glass House #816 $494,500 1,301 2 BD / 2 BA 10/12/12 Individual
Park Place Lofts #202 $370,000 1,102 1 BD / 2 BA 10/26/12 Individual
The Slifer, Smith & Frampton – Denver office has three incredible condos in Denver’s Affordable Housing Program. This is a great program set up to provide housing that is attainable for lower income individuals and families throughout Denver. It is a great opportunity to live in Riverfront Park for a significantly discounted price. A potential buyer would need to apply through the city by submitting their tax returns and current employment information. There are a couple of things to note about this program.
1. These homes can only be owner occupied. You cannot keep them as a rental after you move out.
2. The city sets the maximum sales price and maximum income levels. Typically appreciation is capped at 3% a year.
3. The deed restriction is for 20 years. After this time period ends, this home will come out of the program and be at fair market value.