Archive for Denver Real Estate
Roxborough Park Named Among Country’s Best Affordable Suburbs
BusinessWeek recently named the country’s “Best Affordable Suburbs in America,” and Douglas County’s Roxborough Park made the list. Roxborough Park, Colorado, a Denver-area suburb with a population of 8,211, was ranked as the seventh best affordable suburb in the country, based on its affordability, high quality of life, amenities (country clubs and golf courses), low crime rate, quality education and low commute times.
The magazine described Roxborough Park as, “The red rock formations near Roxborough Park, a community that developed in the 1970s, are considered some of the most spectacular mountain scenery in Colorado. The 3,339-acre state park offers residents hiking and biking trails, cross-country skiing, and educational programs for Colorado geology and wildlife. The Douglas County School District is one of the best in the state.”
For information on Roxborough Park real estate, or regarding Douglas County real estate, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.
Search for Roxborough Park Real Estate
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Pending Home Sales Rise in Denver Area
Denver Real Estate Market Bucks National Trend
The Denver Post reported today that nationally, the number of previously owned homes declined 7.6 percent from December to January, while pending home sales in Denver increased 21.9 percent during the same period.
This is just one more piece of good news for the Denver real estate market, which has been predicted to rebound more quickly than most other areas in the United States. Denver homebuyers are responding to the once-in-a-lifetime tax credits that are being offered.
For more information on how you can take advantage of the government tax credits, or regarding Denver homes, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
What are the Hottest Jobs in Denver?
The Denver Metro Chamber of Commerce recently commissioned a study, revealing that several Denver-area sectors have experienced job growth amidst the recession. The hottest sectors for job growth in the nine-county Denver area include:
Aerospace: Colorado’s aerospace sector, consisting of approximately 90 firms, had a 12.1 percent increase in jobs from 2004-2009. This was the best showing among the 50 largest metropolitan areas in the country.
Aviation: The region will benefit from growth at Denver International Airport over the next five to 15 years.
Bioscience: Employment in the region’s medical device section grew 1.6 percent from 2009-2009.
Broadcast and Telecommunications: The Denver metro area ranked fourth for broadcasting and telecommunications’ job growth. The sector grew at 2 percent during the recession.
Energy: The region’s energy sector experienced job growth of 4.6 percent from 2009-2009.
Financial Services: The Financial-services sector ranked fourth in the country for job growth.
Information Technology – Software: The information technology sector employs 2.9 percent of the region’s total workforce.
We’ve been stressing throughout the recession that the Denver area is at an economic advantage compared to other cities, since the region is bolstered by an array of diverse, strong industries. For information on Denver real estate, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Colorado Named Among Country’s Happiest States
Colorado Named Among Country’s Happiest States
Colorado has been named among the happiest states in the country. The 2009 Gallup-Healthways Well-Being Index conducted interviews with 350,000 American adults. The well-being score was calculated from the average of six sub-categories, including life evaluation, emotional health, work environment, physical health, healthy behavior, and basic access.
Other high-ranking “happy” states included Hawaii, Utah, Montana, Minnesota, Iowa and Vermont.
It’s easy to see why people are happy living in Colorful Colorado – our state offers endless recreational, professional, and cultural opportunities, along with some of the most beautiful scenery in the country.
For information on Denver real estate , please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
A Truly Romantic Cherry Creek Home
Happy Valentine’s Day from TeamCox Realtors! A Cherry Creek home was recently named among the country’s most romantic homes. The home, located at 478 Saint Paul Street, was chosen as the ninth most romantic home for sale in the country by TopTenRealEstate Deals.com.
It is the perfect gift for you and your sweetheart if you happen to have $5.7 million to spend on a love nest. It boasts 7,066 square feet, four bedrooms, five baths, an indoor pool, a 1,200-bottle wine celler, a private master deck, a spa living room, and much more!
To see other romamtic Denver homes, please contact TeamCox Realtors at 303-400-6060.
View the Cherry Creek Home’s MLS Listing
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Avoid Foreclosure in Denver
Denver recently tied for 6th place with Los Angeles in CNBC’s, “The Best US Cities to Buy a Foreclosed Home.” The study found that the average foreclosure discount in Denver is 27%, and that the number of foreclosures as a % of resales is 25%. The non-foreclosure median price is $225,000, compared to the foreclosure median price of $135,000.
This is good news for Denver homebuyers since foreclosures are often a great value. On the flip side, foreclosures are a drag on the health of the Denver real estate market, and they present tough competition to Denver sellers. If you are facing foreclosure in the Denver area, please contact TeamCox Realtors at 303-400-6060. We are Certified Distressed Property Experts, or CDPE, who are trained to helped distressed homeowners avoid foreclosure in Denver.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Home Prices in the Denver Real Estate Market
Which Price Point is Selling in the Denver-area?
According to a recent article in the Denver Business Journal, Denver County had more sales (7,482 closed sales) of single-family homes in 2009 than any other Denver-area county. What sold in Denver County last year? Over one-third of Denver County’s sold homes were considered “affordable homes,” priced in the $100,000-$200,000 price range, while 21 percent of the sold homes were “move-up homes,” priced in the $200,000-$300,000 range.
This trend was also evident in two other Denver-area counties – 37 percent of sold Arapahoe County homes were in the “affordable” $100,000-$200,000 range, while close to half of sold Adams County homes fell into this range.
The $200,000-$300,000 price range, considered to be a “move-up” price, was the most popular range in Jefferson County, Douglas County and Broomfield County. The most homes sold in Boulder last year fell into the $300,000-$500,000 range, although the area has considerably higher prices than other Denver-area communities.
The popularity of the lower price point is likely due to the first-time homebuyer credit that provides up to $8,000 to first-time buyers, and it was recently expanded to move-up buyers. This trend is in line with what we have been seeing with our new clients and inquiries. If you are a first-time homebuyer, or move-up buyer in the Denver real estate market, do not miss this opportunity. For information on Denver homes, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Denver Home Prices Post Year-Over-Year Increase
There is good news for the Denver real estate market. The closely-watched S&P/Case-Shiller Home Prices Index was released last week, and for the first time since November 2006, home prices in the Denver area posted a year-over-year increase.
Denver was only one out of four cities that had a year-over-year increase in home prices, rising .5 percent between November 2008 and November 2009. This was the first increase after 36 straight months of declines.
This encouraging news, combined with the unprecedented homebuyer tax credits being offered by the government right now, makes right now an ideal time to purchase a Denver home.
For more information on Denver home prices, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Denver City Council Approves New Lowry Development
Admist a dispute lasting until nearly 1:00am this morning, the Denver City Council has approved the redevelopment of an old Lowry air base today. According to The Denver Post, the development, which is located north of Alameda Avenue near South Clinton Street, will consist of nearly 1,000 housing units, 400,000 sq. ft. of retail space, and 120,000 sqare feet of office space.
We will keep you updated on the latest news on this upcoming Lowry development. For information on upcoming Denver real estate projects, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
New Denver Homes
What’s happening with Denver builders right now?
It’s amazing to think that the Denver homebuilding industry, which was roaring only five years ago, has been so quiet recently. What is going on with the industry? Two recent reports by the Denver Post, along with our own observations, reveal a few new trends in the homebuilding arena.
New homebuyers are attracted to features, not size, right now. Smaller, simpler homes are selling, partly because of the new Homebuyer Tax Credit, which is attracting many first-time buyers. The recession has also taught people to analyze their finances and buy what they can afford versus the maximum approval price..
Like all current Denver sellers, builders are facing fierce competition from foreclosures, which has forced them to find creative ways to remain competitive. They are finding success with building smaller, less expensive homes. Shea Homes recently opened its first community at Reunion in four years, targeted at younger buyers, which features smaller and simpler designs
Regardless if you are a first-time homebuyer, or a move-up homebuyer, now is the time to jump into the Denver real estate market. For information on purchasing a Denver home, please contact TeamCox Realtors at 303-400-6060. We have extensive knowledge of all of the local Denver homebuilders, and we are here to share our insight with you.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.