Archives for January 2014

GO BRONCOS!

Denver_Broncos
Good luck this weekend in the Super Bowl!

Market Finding Balance in 2014

In a recent Denver Post article, experts are expecting 2014 to be a more balanced market than 2013.  Last year had an incredible “gold rush” mentality with low interest rates and even lower inventory levels.  Buyer’s got very aggressive and in turn many sellers got lucky.  According to statistic from Metrolist, “the number of transactions closed jumped 26.3 percent, and the median price of a home sold was up 10 percent.”  This year the inventory level is even lower than it was in January of 2013 but experts believe the higher home prices and interest rates will keep a more level market with estimated growth of 6% or 7%.  Foreclosures were down over 60% from 2013 which is a great sign in any market.  This article has a lot of interesting information about the current market and expectations for 2014.  Click here to read the article.

Just Sold: 1440 Little Raven St #306

CS306 photo I just sold 1440 Little Raven Street in Riverfront Park for $293,000 to some very happy buyers on 1/13/14.  This is a cute one bedroom condo facing the Cherry Creek.  The buyer’s love the spacious kitchen with a gas range and the abundant natural light with the southern exposure of this home.  Thanks to Coldwell Banker Devonshire for this great listing.

Riverfront Park December Sales Update

RESIDENCE                  SALES PRICE          SF                BEDS/BATHS       SOLD DATE            STATUS   

Glass House #1124         $354,000              722                 1 BD / 1 BA             12/03/13            Individual

Glass House #106          $450,000              1,345              2 BD / 2 BA            12/04/13            Individual

Glass House #609          $301,000              714                 1 BD / 1 BA             12/04/13            Individual

Townhomes #1400B      $590,000               1,869             3 BD / 3 BA            12/06/13            Individual

Park Place #513              $260,000              712                 1 BD / 1 BA             12/23/13            Individual

Park Place #307             $495,000               1,282             2 BD / 2 BA            12/31/13            Individual

 

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