Is the Denver Real Estate Market in a Bubble? There are five items that are driving the hot housing market in Denver. These are not the same as reasons for the past housing bubble. See the full report.
#1 – Population Growth
#2 – Job & Wage Growth
#3 – Soaring Rents
#4 – Record Low Interest Rates
#5 – Awards for Denver – US News & World Report Denver as #1 city to live in.
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U.S. News and World Report just ranked Denver the #2 city in the country
4 Kitchen Features of the Future
Today’s modern kitchens may include seamless appliances, lavish amenities and stylish upgrades, but they’re still a far cry from the new technologies companies are developing. Here are a few of the cool features that could make it into your kitchen in the years to come.
Smart appliances: Appliances are beginning to incorporate technology that provides added convenience in ways we’ve not experienced before. For example, Samsung’s revolutionary new Family Hub refrigerator, available now, features a Wi-Fi touch screen that syncs family calendars and displays digital notes and texts. Unsure if you should grab milk while you’re at the store? Built-in cameras capture fridge contents so you can double-check with ease.
Touch-screen hubs: Touch screens aren’t just for appliances. At the 2016 Consumer Electronics Show, Whirlpool imagined one as a kitchen backsplash that serves as a hub for the entire house. The screen recognizes each family member and displays a personalized calendar with daily tasks and appointments. It can even harness GPS to track the arrival of the morning bus.
Visible food storage: IKEA’s 2025 concept kitchen includes pantry shelves that cool glass storage containers, keeping food visible so you always know what’s on hand. The sink’s built-in composter squeezes the water out of fruit peels and other organic matter and then presses it into an odorless puck.
Intelligent cooktops: IKEA’s concept kitchen also features a smart table that serves as a prep surface and cooktop in one. Place ingredients on the table for recipe suggestions. Then use the built-in scales to measure ingredients and the embedded coils to heat individual pots, leaving the rest of the surface cool to the touch.
Whether you buy a high-tech fridge that helps to keep your family on schedule or another forward-thinking upgrade, the kitchen of the future will have some fun and useful features.
Thanks for reading. I look forward to connecting with you soon!
Hottest Denver Neighborhoods in 2016 and 2017
Redfin recently ranked our country’s 50 most competitive neighborhoods to buy a home in 2016. Metro Denver had 7 of the 30 most competitive and 10 of the top 50. The most competitive neighborhoods have these characteristics-
- Fewer median days on the market.
- Higher average sale-to-list price ratio
- Home price appreciation
- Higher percentage of homes sold for all cash
- Homes for more than their asking price
So, here is the 2016 list for metro Denver-
- #8–Lakeside near Sloan’s Lake
- #12-West Pleasant View in Golden
- #13-College View in Denver
- #14-Hoffman Town in Aurora
- #17-Highline Villages in Aurora
- #23-Union Square in Lakewood
- #27-Horseshoe Park in Aurora
- #9-Greenfield in SE Aurora
- Also highly ranked were Old Town Arvada and Athmar Park in SW Denver.
Real Estate Market Tighter
(by: Lonnie Glessner)
2016 Quick Facts
Average Sold Price
- Quick Facts data provided by REColorado
Housing Market Minute – Dec. 2, 2016
- In the Denver Metro area the average sale price in November was $384,858 a 2% increase from October. This includes both single family attached and detached homes.
( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree) - Regardless of increasing prices, pending home sales continued to rise in October. Demand remains strong and inventory remains tight across much of the nation.
- Construction spending in October increased to a 7-month high, driven by the residential sector. Overall, combined spending was up 3.4% over the previous year.
Housing Market Minute October 10, 2016
- CaseLogic forecasts housing prices will rise 5.3% by next August. The increase would see home prices hit a new peak in 2017.
- In the Denver Metro area the average sale price in September was $375,314 this includes both single family attached and detached ( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
- There was a slight rise in active inventory of 1.10% year over year (for the Denver metro area-single family and condos).
Housing Market Minute – Sept. 9, 2016
The strong labor market has home buyers feeling more secure than ever. More than 73% of those polled were not concerned with the possibility of losing their job.
In the Denver Metro area the average sale price in August was $377,551 this includes both single family attached and detached.
( Aurora, Northglenn, Westminster, Lakewood, Thornton, Arvada, Englewood, Edgewater, Centennial, Littleton, Bloomfield, Denver, Golden, Lone Tree)
The trend in new home construction is for more bedrooms. Homes with 3 or fewer bedrooms have decreased, while homes with 4 or 5 bedrooms have increased.
Open House Sunday – 5984 W Indore Place – Sept. 11 – 12:00 to 4:00
SOLD
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4 beds 3 baths 2,198 sqft $419,900
A beautiful home in a great neighborhood. Brand new updated kitchen, bathrooms, lower level and more. Close to everything and completely move-in ready.