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 »

WHERE: Grand opening, Arbors at Lowry by Harvard Communities, ranch-style patio home, solar system free with purchase thru July. From Quebec St. south of First, take Lowry Blvd. east 1 mi. past ball fields and ice rink, to traffic circle, south on Yosemite.

PRICE: From high $400s
WHEN: 11 a.m. until 5 p.m.
PHONE: 303-366-2555 WEB: www.arborslowry.com

Builder John Keith was first to bring patio homes to Lowry…first to bring solar homes to Stapleton…and now he’s all by himself once again with a new ranch-style, low-maintenance patio design, and you can see it at a Lowry grand opening.


Project Manager Mario Mendoza and Sales Rep Judi Phillips inspect Harvard Communities’ new ranch patio model at Lowry, for today’s opening.

Harvard Communities’ Arbors at Lowry ranks as the only new patio homes being built in the city of Denver today…a design difficult for builders to do, at a time when, despite the slower market, more and more buyers in places like Hilltop and Crestmoor are looking for them.

Keith knows how well patio homes work at Lowry. He created four Harvard enclaves of patio plans in Lowry’s earlier areas and quickly sold out. Harvard’s trendy energy efficiency, meanwhile, grabbed the attention of the National Renewable Energy Lab (NREL) in Golden——and they’re spotlighting Harvard and some large-scale energy companies in a permanent exhibit for the Colorado Convention Center.
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While agents in other parts of the state were marveling at the strong performance posted west of the divide in Colorado River counties of Eagle, Garfield and Mesa last year, brokers in the region’s big town of Grand Junction were noting a slight cooling off…but one that appears as a respite, not a trend.

Custom home on 35 acres ten miles southwest of downtown Grand Junction is on market at $1.45 million

“We’re maybe down a little now, but we’ll have a good year,” says Sharon Vaughn, who along with husband Larry are part owners of Coldwell Banker Home Owners Realty in Grand Junction. A major factor fueling recent growth—oil, gas and shale oil production in the region—is likely to keep bringing relocations, including to Grand Junction itself, where some employees are willing to commute 45 minutes up the valley to Parachute near many of the energy industry ventures.
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