The Denver metropolitan area’s newest inventory numbers, combined with a strong showing of homes that went under contract during January, spell an increasingly optimistic picture for many homeowners, according to a report by Prestige Real Estate Group.

Jack O’Connor, managing broker of Prestige Real Estate Group, in front of newly opened Light Rail bridge at Park Meadows. He issued a report Feb. 5 telling agents to expect price increases that will affect most Denver residential real estate in 2009.

According to the Prestige Monthly Report issued Friday, there were 5,300 Denver area homes under contract as of Feb. 5, up 15% from under-contracts reported after December. The increase, according to the report, stands 6% or 7% above typical January increases. The total represents the second highest under-contract number recorded during the past six years. more »

By Mark Samuelson

Everybody knows that Light Rail has been a big hit with commuters along the South I-25 corridor…but how are those “TOD” (transit-oriented development) projects doing?…the ones with luxury residential lofts and condos, walking distance from the trains?

At Dry Creek Crossing, Tara Viksne shows off an ‘E-Loft,’ 2-bedroom, 2-full-bath plus loft and rooftop terrace, priced from $269,000. The project has taken four more reservations since Jan. 1. more »