Mid-summer housing data are showing favorable swings in inventory and sales that haven’t been seen in the Denver metropolitan area in five years, and that suggest a general return to rising home prices early in 2009.

Jack O’Connor
“Typically you would see an increase in inventory and a small decrease in sold data from June through September; however, this summer is already showing the opposite trend,” said Jack O’Connor, Managing Broker of Prestige Real Estate Group and author of the Prestige Monthly Report. more »

Twenty years ago, no one could have imagined how popular that downtown living would become——that people would pay for luxury homes walking distance from dining and entertainment, rather than from suburban attractions. Now, however, the same phenomenon seems to be recurring in a setting miles away.


“Morellos” ranch plan at One Cherry Lane in heart of the DTC.
“The new urban lifestyle has come full circle,” says Katharina Zoefelt, who counsels homebuyers at One Cherry Lane, a luxury single-family community by Esprit Homes in the heart of the Denver Tech Center, 11 freeway miles from the Denver urban core. “The attractions that once drew luxury buyers to the inner city are what they’re finding in the DTC now, but without any of the congestion that comes with real downtown living.” more »

Late spring data are showing further evidence of an early recovery for the real estate market in the Denver area—particularly for the under-$250,000 price range—according to a newly released report issued by Prestige Real Estate Group.

Prestige agent Bonnie Wing prepares a new listing in Denver’s popular Highlands neighborhood near downtown. Key to a quick sale, Wing says, is a listing that is staged properly and given any necessary repairs.

“The continuing decrease in supply we’re seeing at the low end is exactly what you would expect from the earliest stage of a general recovery,” said Jack O’Connor, Managing Broker of Prestige Real Estate Group and author of the new report. more »