A Truly Romantic Cherry Creek Home

cherrycreekhomeHappy 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.

Top Denver-Area Attractions

It’s summer and Denverites everywhere are on the hunt for entertainment for their out-of-town guests and for themselves! Visit Denver! recently commissioned a study, which revealed the top attractions in the Denver metro area in 2008. All attractions are located in Denver unless noted otherwise:

Top Denver-Area Attractions

16th Street Mall
Cherry Creek Shopping District
Denver Zoo
Castle Rock Factory Outlets (Castle Rock)
LoDo Historic District
Larimer Square
Coors Brewery (Golden)
Colorado Rockies
Colorado State Capitol
Denver’s Downtown Aquarium

Top Paid Admission Sites in the Denver Area
Denver Zoo
Colorado Rockies
Downtown Aquarium
Denver Museum of Nature & Science
Denver Art Museum
Colorado History Museum
Children’s Museum of Denver
Red Rocks Amphitheatre (Morrison)
Denver Botanic Gardens
Elitch Gardens

For information on Denver entertainment and attractions, please contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060. Have a fun summer!

TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.

Denver’s Cherry Creek Mall is Playing Well in the Big Leagues

Cherry Creek’s New Nordstrom Opens on October 19th!

The Colorado Rockies aren’t the ones playing well in the big leagues this fall. Denver’s Cherry Creek Shopping Center has joined the ranks of the most prestigious and top-revenue generating malls in the country.

 

While the entire Denver area has been completely immersed in the Colorado Rockies’ amazing post season, the Christmas shopping season has slowly crept up on us. With it, comes the eagerly anticipated opening of the Cherry Creek Shopping Center’s new Nordstrom store on October 19th. With the opening of the new Nordstrom, the Denver Post reports that the upscale Cherry Creek Shopping Center has joined an elite group of six malls across the country that showcase the exclusive set of Nordstrom, Saks Fifth Avenue, Neiman Marcus and Macy’s. This elite bunch includes several well-known malls across the country including San Diego’s Fashion Valley.

 

The entire Cherry Creek shopping area, including the fashionable Cherry Creek North shopping district, generates the highest sales tax revenue for the City of Denver. Fueled by affluent shoppers who are single professionals or empty nesters, the Cherry Creek mall’s revenue ranks in the top one percent of all malls in the United States. As one of Denver’s top tourist attractions, it will likely be a popular spot during Denver’s 2008 Democratic National Convention.

The Cherry Creek Mall is a great benefit of living in the nearby neighborhoods Cherry Creek, Country Club, Bonnie Brae and Observatory Park. For more information on Denver’s retail sector, please contact TeamCox Realtors.

Development Debate Comes to Denver’s Lowry Neighborhood

Developers are Eager to Expand Thriving Lowry but Not Everyone is Happy About it

The development debate, which is common in the Denver suburbs, has moved into Denver’s Lowry neighborhood. Lowry has a long history as an active Air Force base but future development is currently under debate. 

Lowry, a national model for urban revitalization, is one of the most sought after areas in the Denver real estate market because of its pristine location
near the prestigious Cherry Creek area, Downtown Denver and the new Anschutz Medical Campus. According to The Denver Post, Lowry’s single-family home values increased 78 percent from 2000 to 2006 compared to the overall Denver real estate market’s home appreciation of 45.2 percent.
It is understandable why Denver developers and homebuilders are eager cash in on this thriving Denver community but not everyone is happy about it. Lowry real estate

Lowry’s new EastPark Neighborhood is now open. The neighborhood is slated to have approximately 600 homes upon completion, to have a variety of homes ranging from condos to custom homes. The new neighborhood sits atop the rest of Lowry with views of downtown Denver and the mountains. EastPark’s builders include Standard Pacific Homes and McStain Homes. 

EastPark, which some intend to be Lowry’s last residential neighborhood, may be only the beginning of new development. According to the article in The Denver Post, two new proposed projects could add as many as 3,000 more homes to Lowry. Many of these proposed homes were not included in the original redevelopment plan that was
created in the 1990s.  This has many current Lowry residents unhappy.  Some are concerned about crowded schools and increased traffic congestion.

For more information regarding Lowry real estate, please contact TeamCox Realtors or click here to search for homes in Lowry.

Entertaining Out-of-Town Guests in the Denver Area

Tourists are Sure to Love Colorado's Many Summer Attractions

Since late summer is typically unbearably hot and humid across much of the country, August is a time when tourists love to come to “Colorful Colorado.” If this includes an out-of-town visitor for you, it is a good idea to have a plan since you will likely be responsible for their entertainment. There are many fun things to do with out-of-towners in and around Denver in addition to great day trip opportunities.

TeamCoxRealtors has compiled a list of local and nearby attractions that will keep your guests entertained from the day they arrive to the moment their plane takes off:

Colorado Mountains 

You can almost bet on the fact that your guests will want to visit the Rocky Mountains, which are beautiful and peaceful during the summer. The following list includes mountain areas that make good day trips since they aren’t very far from the Denver metro area but provide lots of fun for out-of-towners.

  • Rocky Mountain National Park/Estes Park: Take a scenic yet very dramatic drive through the Rocky Mountain National Park, which sits at over 12,000 feet. On the way home, stop at Estes Park, a charming mountain town with a multitude of shopping and dining opportunities.

  • Breckenridge: Located less than two hours from Denver, Breckenridge is an upscale, trendy mountain town with endless boutiques, restaurants and summer events.

  • Pikes Peak: Pikes Peak, located in Colorado Springs, is the most visited mountain in America so why not take your mountain hungry visitors there? Be sure to set aside a few hours to make the 38-mile round trip to the summit.

Denver Attractions

  • Coors Brewery (Golden): Tours of the famous Golden brewery are given Monday-Saturday from 10-4.

  • Parade of Homes at Southshore (Aurora): Your out-of-town guests might enjoy seeing some Colorado’s fine architecture and furnishings. The Parade runs through Labor Day weekend.

  • Coors Field (LoDo): Catch a Colorado Rockies’ game in one of the country’s most beautiful baseball stadiums. 

 Denver Shopping

  • 16th Street Mall (Denver): A stroll down Denver’s 16th Street Mall will provide many hours of entertainment and give your guests a taste of downtown Denver’s unique ambience.

  • Pearl Street Mall (Boulder): Pearl Street is not only great for shopping, dining and nightlife, but provides endless opportunities for watching some of Boulder’s more “unique” residents.

  • Outlets at Castle Rock (Castle Rock): If your visitors like good deals, take them to Castle Rock’s Outlet mall, which is crawling with bargains.

  • Cherry Creek Mall (Denver): Consistently one of Denver’s top tourist attractions, the prestigious Cherry Creek area exudes a sense of class and elegance with its fine stores and restaurants.

Denver Dining

  • ChopHouse (Denver): One of Denver’s many fine restaurants that out-of-town guests are sure to love.

  • Brown Palace Hotel (Denver): This historical Denver landmark has several fine restaurants plus serves an afternoon tea.

  • Casa Bonita (Lakewood): Sure, the pink building is a bit tacky, but Casa Bonita is a famous Denver landmark complete with cliff divers. Just a tip, if your guests are looking for upscale dining, this isn’t the place for them (although the sopapillas are great)!

Do you have any recommendations on where to take out-of-town guests in Denver? Please leave a comment below – we would love your input!

Your Guide to Denver’s Summer Farmer’s Markets

Enjoy One of Colorado's Best Summer Traditions - Farmer's Markets

It is hard to imagine a better way to celebrate summer in Colorado than a trip to a local farmer’s market. The smell of fresh fruit and vegetables combined with other goodies makes farmer’s markets one of the best treats of summer. TeamCox Realtors has compiled a list of just a few of the irresistible markets to be found in and around the Denver metropolitan area. For a complete list of local farmer’s markets, please visit the 2007 Colorado Farm Fresh Directory’s, "Colorado Farmers’ Markets," which is regularly updated. Bon Apetite!

SOUTHLAND’S FARMER’S MARKET

For Arapahoe County residents, this market has everything from baked goods to homemade tortillas to handmade goods.

Location: Southlands’ Town Square in Aurora.

Saturdays (May-October) from 8:00 am – 1:00 pm

Thursdays (June-October) from 10:00 am – 2:00 pm

STAPLETON FARMER’S MARKET

Location: 29th & Quebec in the parking lot just north of the E. 29th Ave. at Stapleton in Denver.

Sundays (June-October) from 9:00 am – 1:00 pm

CITY PARK ESPLANADE FRESH MARKET

Location: Sullivan Fountain at Colfax & City Park Esplanade in Denver.

Sundays (June-October) from 9:00 am – 1:00 pm

PARKER’S FARMER’S MARKET

Location: Main Street Center in Parker.

Sundays (May-October) from 9:00 am – 1:00 pm

 

CHERRY CREEK FRESH MARKET

We saved the best for last! This is the largest Farmer’s Market in Denver and a true delight to visit and sample its goods.

Location: Cherry Creek Shopping Center at First and University in Denver.

Saturdays (May-October) from 7:30 am – 12:30 pm

Wednesdays (May-September) from 9:00 am – 1:00pm

Metro Denver Foreclosures Up Over 2006

Is a Colorado Foreclosure the Right Buying Choice?

Today’s Rocky Mountain News reported that Colorado’s foreclosure rate will exceed last year’s record number by a whopping 25%. Still, there is much misconception about the REOs, HUD properties and pre-foreclosure inventory. This year’s anticipated 36,000 foreclosed on mortgages are not necessarily where many buyers want to live. 

Many of TeamCox’s relocating buyers have heard about the high number of foreclosed homes and want a piece of this perceived "buyer’s paradise.” During our initial counseling session, buyers often tell us that great schools are absolutely essential. The problem is that the majority of the foreclosed homes are not in these ideal locations that include the schools in Cherry Creek, Douglas County, Littleton and Jefferson counties. Adams, Weld and Denver counties lead the pack in foreclosures, which often dissuades many of the buyers. 

It has always baffled me why foreclosed on homeowners find it necessary to destroy a home on the way out. Buyers often tell us they are pretty handy and that they can do work on these homes. However, when we start showing them the available properties that meet their criteria, they are often shocked by their condition. Usually, these homes are not for the faint-hearted since they often require a lot of fix up just to move in. 

When the occasional buyer does make an offer, they are surprised at just how hard-lined the bank can be since they are not going to get 5 – 10% off their asking price. Then, the buyers begin to understand what we have been telling them. Banks aren’t selling the foreclosed homes at huge discounts like they were during the last downturn in the late 1980s.

What is often lost is that banks are publicly held corporations with stockholders and boards of directors. They know what they have to sell a home for and they will pretty well stick with that number unless the home has been in inventory for a very long time.  This is good not only for the neighborhoods that are impacted but for the county tax collector’s office as well. 

If you are still interested in knowing about Denver foreclosed homes or any other segment of the Denver metro real estate market, please call or email a TeamCox member.  It will be our pleasure to answer any of your questions.