Archive for April, 2009

Inventory of homes for sale in Denver area drops to its lowest level in six years…

Just like everywhere else in the country, Denver is a place where sales this year are well off the mark from a few years ago…but Denver is a very different market in terms of how the immediate future looks. The most obvious indicator of that is the surprising lack of supply of homes and condos in lower price ranges, available for sale this spring.

Jack OJack O’Connor, principal in the new RE/MAX Professionals, shows a listing at 1298 Bellaire in Denver. The home has 3,400 square feet including a finished basement, at $585,000. Home inventories are at the lowest level in the 7-county area in six years.

“Denver is a declining inventory market, especially in the starter home ranges,” broker Jack O’Connor told me, as the new month’s Metrolist data came out this week. more »

Solar comes to Lowry: Harvard opens pre-sales on homes with PV panels

By Mark Samuelson

Builder John Keith has a rare commodity: a series of family-sized luxury homes in Stapleton that, despite the economy, is selling pretty fast. Fast enough, that Keith is taking his award winning Architect Collection plans——each with 2.5 kW of solar on the roof——to a small number of sites where he can offer them in Lowry.

John Keith at LowrySolar builder John Keith at Lowry’s Wings Over The Rockies Museum.

During 2008, a year that was slim pickings for most builders, Keith’s Harvard Communities sold 25 homes in Stapleton. That was before President Obama came to Denver to sign the Stimulus Bill, giving an introduction during his speech to Boulder-based Namaste Solar, Harvard’s solar contractor. “For the rest of the week,” Keith said, “Namaste was one of the most Googled words on the planet.” more »

In Montclair, an offbeat modern home lies a mile from Lowry Town Center

By Mark Samuelson

Montclair neighborhood just west of Lowry has lots going for it, including good access to Lowry’s Town Center, lower prices than much of the surrounding area, along with some of Denver’s most eclectic architecture…such as a contemporary house you can tour this afternoon that could as likely be a few blocks off Hollywood Boulevard as Denver.

Mable Sutton of Leonard-LeonardMable Sutton of Leonard-Leonard & Associates, who partners John Patterson, has the listing on 7070 Richthofen, with modern architecture in Montclair.

Realtors aren’t sure who designed 7070 Richthofen Parkway, built in 1978…but it might have been lifted from Dr. Seuss–modern, and more than a little offbeat, even some rococo twists and turns. “It’s a perfect single-family alternative for somebody who might want a loft, but doesn’t want an HOA,” says Realtor Mable Sutton of Leonard Leonard, who’s partnering on the listing with David Patterson. more »

A new LoDo luxury residence opens right where it all began…

By Mark Samuelson

Taking the opening tour of these penthouse-style Wynkoop Residences will show you just how much downtown living has changed over the 20-year span since the first LoDo “loft” emerged in 1990 at 15th and Wynkoop Streets. And what hasn’t changed, too.

Jim Theye and Dee Chirafisi at Wynkoop ResidencesDee Chirafisi and Jim Theye of Kentwood City Properties take in the view of LoDo from Wynkoop Residences, grand opening, on the street where it all began.

Starting with location. When you turn south into Wynkoop, you’re in the core area where the idea first caught fire that people would want to live in Denver’s oldest downtown district. Edbrooke Lofts (1990) is across the street; Acme Lofts (1992) is south over the historic iron rail bridge (Manny’s Bridge) spanning Cherry Creek, on the way to the Pepsi Center. more »

In the Denver Tech Center, mid-priced homes holding their value well…

By Mark Samuelson

If you look at a map showing nothing more than how average home values have slipped over the last market year, you can get the mistaken idea that the nicer a neighborhood is, the shakier the prices are. But savvy Realtors will show you why that math doesn’t work, and why this is a pretty good time to be buying into some of those popular areas, particularly at the lower end.

Laurie and Michael Marcus of Coldwell Banker in Cherry Creek VistaLaurie and Michael Marcus of Coldwell Banker are showing this 4-bedroom remodeled 2-story, in Cherry Creek Vista east of the Denver Tech Center.

“The DTC area has held value very well,” says Coldwell Banker agent Michael Marcus, who along with wife Laurie Marcus will show you a 4-bedroom home in Cherry Creek Vista that has all of the things buyers like about the Tech Center, including the Cherry Creek Schools (Cottonwood Creek Elementary is a short walk; and so is the neighborhood’s pool and tennis center). more »