Wildgrass Homes for Sale - Broomfield Colorado - 09/29/10 12:52 PM
Wildgrass Homes for Sale - Broomfield Colorado
There are currently 17 active listings of Wildgrass Homes for sale in Broomfield Colorado.  They range in price from $260k to $750k, so there is quite a range in the amount of house you can buy in the neighborhood.  In the last six months there have been 18 homes that have sold in the community with an average net sales price of $489k.  The average time on the market for a house that sold is 62 days with an average sold price of approximately 95% of the original listing price.
What does this sold information mean if I want to sell my … (0 comments)

Broadlands homes for sale in Broomfield Colorado - 09/29/10 12:13 PM
Enclave at the Broadlands Homes for Sale - Broomfield Colorado
The Enclave at the Broadlands is a neighborhood within the Broadlands of 76 luxurious homes built by Toll Brothers.  Originally priced from the mid $500's, the area has been affected by the real estate recession like everywhere else, but has maintained it's values fairly well.
Most of the homes in The Enclave at the Broadlands in Broomfield have excellent mountain and golf course views.  Nestled in the heart of the Broadlands development, this is a fairly exclusive and prestigious community.  Currently there are not even any homes in the Enclave that are for sale.  However, there … (0 comments)

Cherrywood Park Homes for Sale - 09/28/10 06:41 PM
Cherrywood Park in Thornton CO Active vs Sold houses
In the Cherrywood Park neighborhood in Thornton Colorado, located just North of 136th Ave. and just East of Colorado Blvd there are currently 27 houses for sale priced between $159k and $345k.  In the last six months there have been 27 houses sold also between the price ranges of $150k to $360k.  That is a lot of houses being sold for that area.
The houses that have sold were listed on the market for an average of only 62 days and sold for approximately 94% of their original listed price.  This discount from original listing price is a little larger than … (0 comments)

Thornton Colorado - Northbrook homes for sale - 09/28/10 05:41 PM
Northbrook in Thornton CO Active vs Sold houses
In the Northbrook neighborhood in Thornton Colorado, located just east of Holly and right behind Horizon High School there are currently 5 houses for sale priced between $200k and $285k.  During the last six months there have been six sales, all priced between $185k and $272k.
The houses that have sold were listed on the market for an average of 129 days and sold for approximately 90% of their original listed price.  This discount from original listing price is a little larger than we see in most northern metro Denver markets.
If you are considering selling or purchasing a … (0 comments)

Leave my business alone - 09/28/10 10:29 AM
Leave my business alone
I have a client who bought a business last year.  Inherent to the business was significant real estate.  The business was struggling when they purchased and they have put significant capital into improvements (over $300k worth).  Part of what they want to do is to put up new, modern signs and paint the building.  Since there are similar signs and paint colors on existing buildings on the same street, and since one of my client buyers is a developer who works with the cities frequently, they did not think this would be too big of an issue.
Bad economy = … (0 comments)

Eliminating school busing in Insane - 09/27/10 12:46 PM
The insanity and hypocrisy of local government school spending in Thornton, CO
Composting lunch scraps
As local government officials pontificate about their reduced spending and cost cutting measures, anyone who runs a business or household must bite their tongue to keep from screaming.  What brings up this mini rant?  An article in the local YourHub paper about how a local elementary school, Silver Creek Elementary
has embarked on a program to cut costs and go 'green' by composting lunchtime scraps from the cafeteria.
Let's be green and save time and money
Now, jokes about cafeteria food (and there are many!) aside, there is a quote from the … (0 comments)

Mercedes vs a Honda - 09/23/10 11:45 AM
Mercedes traded for a HondaThe real estate office where we work is shared by other real estate companies and brokers and their agents.  It struck me this morning as I pulled into the office that most of the high end cars (Mercedes, BMW's, Lexus, etc.) that were so prevalent a couple years ago have largely been replaced with Hondas, Kia, Hyundai, and Toyotas.So in addition to the empirical evidence that many brokers and their agents are hurting for money in these times we have a little visual anecdotal evidence as well.

Low Cost vs. High Cost real estate brokerageThat got me … (0 comments)

Anthem Homes for Sale - 09/13/10 07:03 PM
Anthem Homes for Sale

How many for sale, how many have sold?The Anthem homes community in Broomfield Colorado currently has 38 homes for sale actively listed.  In the last six months there have been approximately 50 homes sold in Anthem.  Basically, this means that if you have your home listed or are considering selling your anthem home, you should expect it to sell within five months.  Statistically, due to when the homes for sale were actually listed and sold, the average home sold after slightly more than three months after being listed for sale.  Also, the average selling price was … (2 comments)

Buying rental properties in Denver Colorado - 09/08/10 11:45 AM
8-10% cap rate deals on investor rental properties in Denver metro area
With 2010 Colorado housing foreclosure numbers running ahead of 2009 and likely to increase (RealtyTrac foreclosure forecast).  Many current homeowners will be forced into rental housing for quite a few years to come.  The Denver metro area market still has positive net in migration and household growth (Population growth forecast).  Although this means that single family residential housing is unlikely to appreciate significantly any time soon, these same statistics and trends bode very well for the rental property market.
There are also some macro economic trends that we believe make certain rental … (0 comments)