Archive for May, 2008

Signs of return to ‘market normalcy’ in Denver real estate…

Denver’s real estate market is showing signs of a precipitous shift from a buyer’s market to a “normal” market, according to a newly released report by Jack O’Connor, Managing Broker of Prestige Real Estate Group and a widely read industry analyst.

Leeann Iacino

Leeann Iacino is president of Prestige Real Estate Group

The shift is evident, O’Connor reported May 5, in the continued drop of market-wide inventory to just over 27,000 homes, down from peak levels of 2006; as well as in the market’s supply of homes, now indicated at just over seven months of supply. Traditionally, a buyer’s market is defined by a supply greater than eight months. A seller’s market, one with high demand where sellers have flexibility in pricing their homes, is defined by a supply of less than six months.

“What we’re seeing is a return to a normal market in Denver,” said Leeann Iacino, President of Prestige Real Estate Group, in releasing the report. “This is further evidence of the countercyclical performance of Colorado’s market, which went into a post-911 slowdown faster than other national markets, and now appears to be recovering faster, as well.”
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Modestly priced lofts pre-selling two blocks from City Park

WHERE: Blueprint, new-build loft style condo at Colfax and Madison. Pre-sale by Coldwell Banker Devonshire in Cherry Creek, 200 Fillmore Street, Ste. 300.

PRICE: From $260s, penthouses from $400s
PHONE: 303-704-0911 or 303-987-4978

When Coldwell Banker Devonshire agent Ali Van Westenberg launched pre-sales last summer on Blueprint, 39 new lofts designed for Colfax and Madison two blocks from the old Bluebird Theater, she’d taken 16 contracts within weeks. A few months later, as newspapers were filling with bad news about the national real estate market, construction financing went into limbo…but 15 contracts held tight, and now Blueprint is under construction and selling again.

Blueprint

Blueprint’s architecture at Colfax and Madison Street will have plenty of west facing glass toward downtown and the mountains.

The developer, meanwhile, has new financing in place and has launched construction at the site, within a short walk of some venerable eateries like Good Friends, Bastien’s Steak House and Star Cafe…and a longer stroll to the new Tattered Cover.
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Littleton’s new downtown complements a pricey neighborhood…

By Mark Samuelson

So, where in the metro area did Nuggets forward Carmelo Anthony plop down a reported $12 million last year for a 16,000-square-foot Tuscan-style pad on a sprawling, gated estate? Was it Cherry Hills Village? Franktown? North Boulder County?

Actually, Littleton. Polo Reserve is off Platte Canyon Road, designed around a polo field for a Parade of Homes in the early ’90s.

Karen Brinckerhoff in Polo Reserve, Littleton

Coldwell Banker Devonshire Realtor Karen Brinckerhoff lives in the same neighborhood as this listing at 1 Arabian Place.

The Parade was in The Farm at Polo Reserve: giant customs clustered around the field created for the Denver Polo Classic (300 yards long and equaling nine football fields…as backyard open space goes, very open indeed.)
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New architecture speaks to growing promise of Winter Park, Fraser Valley

With every passing year, it becomes more evident that the Fraser Valley has entered a new era, attracting a caliber of development that could scarcely be imagined a decade ago. This summer, visitors to the Grand County Parade of Homes will see the latest sign of that emergence when they tour Rendezvous, the master-planned, year-round resort that’s growing along Winter Park’s northern and eastern edge.

Bi Horn Cabins

Big Horn Cabins’ ‘Corona’ model will be a centerpiece of this summer’s Grand County Parade of Homes

A centerpiece of the exhibition will be BigHorn Cabins at Rendezvous, the latest designs by Colonnade Resort Communities, creator of Rendezvous’ highly successful MooseHorn Cabins and its newer ElkHorn and ProngHorn attached homes. BigHorn takes that success in a bigger, bolder direction – opulent plans designed with progressive mountain architecture that captures both the allure of Grand County’s past and the excitement of its future.
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East of Boulder, solar “Earthlodge” sits in harmony with prairie setting

WHERE: Solar home, 4-bedroom plus study in Native American motif, 265 Skylane, Erie Airpark, refreshments.
PRICE: $749,900
PHONE: 720-270-5068 WEB: http://www.tourfactory.com/368590

In 1993 when gasoline was a buck-a-gallon, architect Doug Beall was inking drawings for a 2,800-foot house plan that had been rattling around in his head since grad school at Berkeley…solar heated, partially earth-bermed, and visually matched to the prairie topography east of Boulder. What he didn’t have was a site, or more importantly in days when energy prices were still pretty low, was any financing.

Earthlodge 2000

Tracy Rutherford (right) of Colorado Landmark Realtors and owner/builder Doug Beall show off Earthlodge 2000, his solar-assisted home inspired by Plains Indian architecture

Today that house, which found both a lot (Erie Air Park) and a construction loan in 1997, is on the market. Beall and wife Julie have raised two teenagers there, are now off to Steamboat Springs (he works for Intrawest, son Kevan is an alpine snowboarding champ) and have the place on the market, 2-acre site included, at $749,900.
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