The Denver Post just released an article about home prices going up 1% but its still down 1.9% from a year ago this time.  If there's one thing I've learned about these articles, its to read carefully and understand what is being reported. 

This article compares the AVERAGE SALES PRICE from August to July of this year and home prices have gone up 1% on average during that 1 month time period.  This seems reasonable since its a busy month for home sales and most families are trying to get settled before school starts.  Its will be interesting to see what happens in the fourth quarter as the sales volume traditionally goes down.  If we still see increases in prices, that would be a good sign.  

The article also references a widely held belief that home sales below $250,000 are strong and homes over $400,000 are in a greater slump.  Realtors know that the first time home buyers and the foreclosure and short sale investors are largely supporting the market in Denver.  This notion certainly feels true as we've lost more listings in the higher price points because buyers aren't sure their getting a value and sellers decide to take their homes off the market.  Handicaps in functional utility or location are exaggerated when there is a surplus in inventory.  In some neighborhoods we've seen a 5 year supply of homes according to normal absorption rates.

The best thing will be for Congress to extend the first-time homebuyer tax credit and that seems imminent as the Senate has voted for a bill that would do so.

For more information call Todd Groth at 720.203.9624 or look us up online at www.BevGrothProperties.com

 

Hi All, today's blog is directed toward all the agents who are out there rethinking their business.  If you are like me, everything we do is getting a second look.  We are evaluating our marketing expenditures, the composition of our office and way all out time is spent with other realtors and our clients.  We want to be set up to be efficient and capable of selling in the good times and bad.

I think our office at Metro Brokers SE Suburban on Quebec Street and Orchard in Greenwood Village is a great office for those in real estate for the long term.  We have at least 5 past SMDRA Board Presidents in our office and a number of other Boad members.  The weekly meetings combined with an office tour of new listings enables me to learn a lot about things I didn't know.  The dest fees are reasonable and our office is a great way to meet clients and write contracts or schedule showings.  We do this on a large screen TV monitor that is set up in our conference room.

Lately, we have seen some heavy hitters from other offices come join our office and set up shop.  The owners tell us we need more agents but we seem to be adding some good agents when other offices are shrinking.  Please consider calling or checking in with me if you have an interest in joining our office.

Todd Groth - 720.203.9624

www.BevGrothProperties.com

The Denver Post had an article about elevators in homes on Sunday, October 11, 2009 titled "Elevators Moving Up in Popularity at Home."  In the article, it explains how elevators allow people to stay in their homes longer, and they provide versatility with families who frequently have older parents staying with them for extended periods of time.  The owner of an elevator company is quoted as saying that about 500 residential elevators are being installed annually in Metro Denver.

We just happen to have a new listing on the market at 7395 S. Gargield Ct, Centennial, CO 80122.  This home has its own elevator.  Its MLS 816698 and you can check it out at www.7395Garfield.com or www.BevGrothProperties.com.  This one is great for a family with a live-in nanny or an older relative.  Its in a great family neighborhood called The Knolls.

Check it out online or call:

Todd Groth 720.203.9624

This classic bungalow in East Washington Park is just a short walk to historic Gaylord Street Restaurants, Bonnie Brae Ice Cream, Washington Park and the local library. This house is situated on an elevated lot that is bigger than most at 6,550 sq. feet. This home has a rare 1 car attached garage and a secure, oversized concrete parking space accessible from the alley. It also has a full basement with unusually high ceilings that is ready for you to finish according to your taste. Other exceptional features include new double and triple pane windows, canned lighting in the kitchen, newer fence, newer furnace and air conditioning, enclosed front porch and access to the highly rated Steele Elementary. Call me for your private showing at 720.203.9624. Learn about our other listings at www.BevGrothProperties.com

I'm very proud to present this beautifully redone victorian in The Highlands of Denver. Its 3 bedroom and 2 bathroom with a finished basement. Its on a nice street and has about 2400 square feet of finished space. Call me at 720.203.9624 or check out www.BevGrothProperties.com for more details. All the best! Todd Groth

I'm very proud to present this beautifully redone victorian in The Highlands of Denver.  Its 3 bedroom and 2 bathroom with a finished basement.  Its on a nice street and has about 2400 square feet of finished space.  Call me at 720.203.9624 or check out www.BevGrothProperties.com for more details.

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All the best!

 

Todd Groth

We at Bev Groth Properties believe that the first time homebuyer tax credit should be continued for another year. For each home a first time homebuyer buys, there are 1-3 more deal generated from that purchase.  For example, when a new home buyer enters the market and buys a home, the sellers move on to buy another home, and those sellers move on to buy a home, and so on and so on....

We don't think its necessary to raise the tax credit at all, but just continue it at its current level.  There is a noticeable effect in Denver.  We have seen those buyers buy new construction and distressed properties.  Its a win-win for all.

If you are interested in buying your first home, contact Todd Groth at 720.203.9624 or hotgroth@hotmail.com

Read more about us at www.BevGrothProperties.com

 

 

The Knolls of South Suburban Denver is one of the best values in the Centennial Area.  My mom and I have helped over 200 families with their real estate needs in this neighborhood and I delivered newspapers and grew up in The Knolls.

Lately, 14 homes have gone under contract or sold since June 1, 2009.  This leave only 3 active listings the best of which is 7123 S. St. Paul St.  Check it out on our website at www.BevGrothProperties.com.  There is definitely a shortage of inventory in this neighborhood and after a little stall earlier in the year we are seeing things move in The Knolls.  We do have another listing coming in The Knolls as well.

After all, it does make sense with interest rates low, blue ribbon schools and the recent opening of the Streets of Southglenn.  This pool and tennis community has a great package for young families and the predominant builder "Writer" was a little ahead of their time with some open floor plans mixed with nice greenbelt locations.

Call us at 720.203.9624 for more information, or look up our website at www.BevGrothProperties.com

Todd Groth

A recent client of mine just bought a home in Edgewater, a small town in the Northwest Denver area located near Sloans lake.  We tried for quite a while to find a home in the $200K range in The Highlands, LoHi, or Berkeley, but things were either too dilapidated, or just too expensive. 

So, I tried looking a little further west of Sheridan Blvd and found similar style homes on some great streets just west of Sloans lake.  From Edgewater you can get to the Highlands Square area and the 45th and Tennyson area in just minutes.  Also, there is quick access to downtown Denver and I-70.

I think we stumbled onto something and my client has been very happy since moving in.  While we were conducting the inspection, several people walked to the front door asking if they could see the property and later, when we were negotiating the inspection, the seller got a full price backup offer.  Edgewater seems like a great place for the First-Time Homebuyer.

For more information check out www.BevGrothProperties.com

Or call Todd Groth at 720.203.9624 

98% of Buyers believe negotiation skills are "Very Important" or "Somewhat Important" in their real estate agent.

Only 43% of all Buyers felt their agent "negotiated better sales contract terms".

Only 37% of all Buyers felt their agent "negotiated a better price".

Buyers give "Negotiation Skills" the lowest satisfaction rating of all agent skills and qualities

This is why Todd Groth went through the Certified Negotiation Expert course and is now a Certified Negotiation Expert (CNE).

For more question contact Todd Groth at 720.203.9624 or check out www.BevGrothProperties.com