Archive for Arapahoe County
Uptick in Denver High-End Home Sales
There is good news for the high-end Denver real estate market, a segment among the hardest during the downturn. The Denver Business Journal reported this week that June sales activity for Denver resales priced over $1 million hit its highest level since 2008. In June, there were 77 homes sold that were priced over $1 million, a 3 percent increase from last year, and a 22 percent increase from last month.
This is great news for the health of the overall Denver housing market, since high-end homes have not moved quickly over the past years. This has been a great frustration to Denver sellers who are trying to downsize into smaller homes. It is a great relief that luxury homes are finally starting to sell in a shorter amount of time.
Denver Business Journal’s article cites that Denver had the most high-end sales, along with Boulder, Castle Rock, Cherry Hills Village, and Greenwood Village.
We hope to hear more encouraging news like this over the coming months, as historically low interest rates will increase Denver buyers’ buying power, often pushing them into a higher price point. For more information on the state of the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
Is Now the Time to Invest in a Denver Home?
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Where are the Most Short Sales in Denver?
Where are the most short sales in Denver?
According to a recent article in the Business Journal, at the end of the first quarter of this year, there were 2,492 single-family short sales in the Denver real estate market. Which county had the most short sales listed for sale? Arapahoe County had the most listed short sales (624), and was followed by Adams (581), Denver (497), Jefferson (393) and Douglas (387) counties. Adams County saw a 34 percent decrease in the number of short sales, which was the largest drop. Short sales continue to plague Arapahoe County, which had the smallest decrease at 2 percent.
Many Denver real estate experts expect to see more short sales in 2010 than in 2009 as more sellers become aware of the process, and new government guidelines make short sales easier.
If you are a distressed homeowner in the Denver area, please contact Arapahoe-county based TeamCox Realtors at 303-400-6060 for assistance. We are Certified Distressed Property Experts, or CDPEs, trained to help homeowners avoid foreclosure in Denver. There are many options to explore before going through a harrowing foreclosure, including loan modification, Denver short sale, and many more. We are here to help, so please give us a call at the first sign of trouble paying your mortgage.
Denver Real Estate Update – May 2010
The federal homebuyer tax credits that expired at the end of April caused a frenzy of sales activity throughout the Denver metro area last month. According to recent Metrolist statistics, the largest number of Denver-area homes (6,616) was put under in any April since the mid-1980s. This is a 27 percent increase from April 2009, and a 12 percent increase from March of this year. The average selling price also increased to $274,253 last month, up from $254,442 in April 2009. Another piece of encouraging news is that the average days on the market (DOM) decreased to 80 days, a 23 percent decrease from April 2009.
One continuing trend is that Denver County had the most home resales (2,844) in April out of the entire Denver metro area. The Arapahoe County real estate market also fared well with second-highest (1,781) number of home sales.
We hope that this momentum will continue for the Denver housing market now that the homebuyer credits have expired – prospective Denver homebuyers need to remember that interest rates are still hovering at historical lows and there is a great selection of homes for sale. For more information on the state of the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Piney Creek Women’s League’s 5th Annual Ladies Tea
It’s Time to Relax and Mingle with Your Piney Creek Neighbors!
Calling all Piney Creek mothers, daughters, and granddaughters! Since you are probably looking forward to spending time together over Mother’s Day weekend, we wanted to remind you that the the Piney Creek Women’s League 5th annual Ladies Tea is slated for Saturday, May 8th. The tea – an annual event – will be held at the Piney Creek Clubhouse from 2:00-4:00p.m. The cost is $5.00 per person.
For more information on Piney Creek events, please visit Piney Creek’s Facebook page, or contact Team Cox Realtors – Piney Creek real estate specialists – at 303-400-6060. Piney Creek holds fabulous events throughout the year, inlcuding its upcoming annual 4th of July Celebration, that its residents do not want to miss out on!
IKEA is (Finally) Coming to Centennial!
TeamCox Realtors reported in September 2008 that IKEA will build its first Colorado store in Centennial. Like everyone else, we were starting to wonder about its fate over the past year and a half, but there is good news! It was announced today that the store is slated to open in fall 2011. It will be located just west of I-25 between County Line and Dry Creek.
For those of you who don’t know of IKEA, it is not your everyday furniture store, but an international phenomenon. The successful Swedish company sells sleek and stylish home furnishings at very competitive prices. One common complaint about IKEA is that many of its products need to be assembled, but you’ll likely let that one slide once you see all of IKEA’s unique offerings!
Now, you just need a new house to for all of your new furniture! Please let us know if we can help you find a new Denver home!
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.
Douglas County School District Opens Open Enrollment for 2010-2011 School Year
It is critical that you constantly evaluate your child’s school, to ensure that he or she is in an optimal educational setting. The good news for you (but not for us, Realtors!) is that since Colorado allows for open enrollment, you don’t necessarily have to move for your child to attend your school of choice.
The Douglas County School District’s open enrollment period for the 2010-2011 school year is now open. Please click here for a list of schools that will be accepting open enrollment applications from December 1, 2009 through January 15, 2010. Click here to access the application, which has been moved online this year.
Click here for the Cherry Creek School District’s open enrollment process.
For more information on schools in the Denver metro area, please contact TeamCox Realtors – Denver real estate specialist – at 303-400-6060.
Top 25 ACT Scores in the Denver Metro Area
Crime Rate Remains Low in Centennial, Colorado
City of Centennial, Colorado, Does it Again!
The City of Centennial has been named the safest city in Colorado for the fifth consecutive year. Congratulations to Arapahoe County Sheriff, J. Grayson Robinson, along with his excellent officers, the city’s elected officials and the citizens of Centennial, who should stand proud and tall. You make the City of Centennial a wonderful place to call home.
Read the Official Press Release
For information on Centennial real estate, or regarding relocating to Centennial, please contact TeamCox Realtors – your Denver-area real estate specialists.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
Cherry Creek School District’s Test Scores Continue to Improve
Cherry Creek School District’s Test Scores Continue to Improve
Since we are located within the boundaries of Smoky Hill High School, TeamCox Realtors is always on the lookout for good news regarding the Cherry Creek School District. The District recently released news that its students continue to outpace their peers across the state and across the country on standardized tests.
The combined SAT scores for 2009 graduating seniors in the Cherry Creek School District increased a whopping 38 points to 1742 in 2009 from 1704 in 2008. Cherry Creek students are also excelling on the ACT test, averaging 21.2 in 2009 compared to the state average of 19.6.
For more information on finding a home in the Cherry Creek School District, please contact TeamCox Realtors – Denver real estate specialists - at 303-400-6060.
Top 25 ACT Scores in the Denver Metro Area
An Endorsement for Todd Miller – Candidate for Mayor of Centennial, Colorado
An Endorsement for Todd Miller – Candidate for Mayor of Centennial, Colorado
Centennial, Colorado, needs a mayor that is experienced in the inner workings of the city and understands the needs of its citizens. I can think of no one more qualified to do this than candidate Todd Miller. During my acquaintance with Todd, as both a council member and Mayor ProTem, I have found Todd to be knowledgeable, open to ideas I have brought forth and sensitive to the budget. I believe Todd’s experience with Centennial makes him the most qualified candidate to lead our city during this time of economic uncertainty and budget cutbacks. He will do so with an eye on future growth and development as well as a long-term vision for our city. Voters, please help move the City of Centennial forward by helping to elect this fiscally responsible candidate.
For more information on Centennial, Colorado, please contact TeamCox Realtors – Denver real estate specialists – at 303-400-6060.
