The Bibeau Group - Your Colorado Real Estate Resource

Greenfield Subdivision, Colorado - Real Estate Market Statistics - October, 2009

Wed, 28 Oct 2009 11:22:02 -0500

The following data covers the past 3 months (7/28/09-10/28/09). There has been quite a bit of activity in the neighborhood lately. Nine homes are currently under contract, which leaves only seven currently on the market. It might now be a bad time to list your home if you have been considering it.

Sold Greenfield Homes Stats :

9 homes sold (3 in each month)

Average Days on Market: 90

Average Net Sold Price: $342,558

Average Net Sold Price Per Square Ft: $124

Highest Sale Price: $395,000

Lowest Sale Price: $302,500

Net sold price/original asking price: 97.5%

Sold Greenfield Homes By Address:

Date	Address	Sold Price*	Fin. Sq. Ft.	Days on Market
10-9-09	6505 S. Killarney Ct	$300,000	2,695	155
10-8-09	20683 E. Fair Ln	$308,523	2,538	24
10-8-09	6697 S. Killarney Ct	$359,000	3,122	216
9-25-09	6224 S. Jericho Ct	$304,000	3,154	17
9-24-09	20511 E. Weaver Ave	$359,000	2,989	169
9-15-09	5906 S. Jebel Ct.	$395,000	4,870	12
8-26-09	6496 S. Jericho Way	$380,000	3,517	16
8-21-09	20557 E. Caley Pl	$302,500	2,648	27
8-3-09	20499 E. Weaver Ave	$365,000	2,997	178

*after any concessions by seller, such as down payment or closing cost assistance

Current Greenfield Homes For Sale:

7 homes on market

Given recent sales pace, this is only a 2.3 month supply

Average Total Days on Market: 172

Average List Price: $292,043

Average List Price Per Square Ft: $128

Highest List Price: $336,500

Lowest List Price: $230,000

Pending (Under Contract) Sales:

9 homes under contract

Average Total Days on Market: 92

Average List Price: $355,767

Average List Price Per Square Ft: $120

Highest List Price: $405,000

Lowest List Price: $290,000

Looking to sell your Greenfield home? Contact The Bibeau Group, your Greenfield real estate experts, for more information on how WE can help!

20503 E. Caley Drive - Home for Sale, Centennial Colorado Real Estate

Tue, 06 Oct 2009 16:02:39 -0500

Large corner lot / 4 BR Plus Study!

Overview
Maps
Photos
Features
Description

$329,500

Single Family Home
For Sale

Main Features

4 Bedrooms
3 Bathrooms
Interior: 2664 sqft
Lot: 9,104 sqft

Location

20503 E. Caley D
Centennial, CO 80016

Wendy Bibeau

The Bibeau Group / Keller Williams Realty, Denver Tech Center
(303) 771-7500
info@thebibeaugroup.com
http://www.TheBibeauGroup.com

Listed by: Wendy Bibeau

Our recent listings

Large corner lot / 4 BR Plus Study!

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See more Centennial, CO real estate for sale

Claim Your Custom Facebook URL - Simple Tips for Getting to 100 Fans!

Thu, 03 Sep 2009 16:39:01 -0500

If you have a business Page on Facebook, you may know that when you reach 100 ‘Fans’ you are then able to choose a ‘username’ for your page. A username comes in quite handy because it allows you to have a direct URL to your Facebook page that is easy to remember and publicize…..and isn’t a bazillion characters long!

For example, before we reached 100 fans, the URL to our Facebook page was:

http://www.facebook.com/pages/Denver-Colorado-Real-Estate-The-Bibeau-Group/75580359832

Today was a big day….we broke the 100 fans mark, and were able to claim our new username.

Now, the URL to our Facebook page is:

http://www.facebook.com/RealEstateDenver

Nice, huh?!

I’m sure there are better ways to get 100 people to follow you, but this is what we did. We started by just putting a link on our website and mentioning it in our monthly letter to our sphere of influence.

When that didn’t bring too many Fans, we stepped it up a notch. Here’s what we did in the past couple of weeks:

Invited our existing Facebook friends* (there are two of us on our team, and we each have 100+ friends on our personal pages)
Invited our database of referral realtors in other states
Invited our farm neighborhood contacts
Sent an email to our sphere of influence with a link to ‘Become a Fan’
Tweeted a request asking our followers to ‘Become a Fan’ (again, the two of us each have 100+ followers)

That did it….we are now at 105 fans and have our handy-dandy custom username! Like I said, I’m sure there are more effective ways to gain a following, but just wanted to share what worked for us. Feel free to comment here if you have other suggestions. We'd love to hear more ideas!

(* To do this easily, log in to your Business Page and, just below your photo/logo, you will see some links. Click on 'Suggest to Friends' (you may have to click on 'More' before you see this option). A box will pop up with all of your existing Friends and you can either select one at a time, or choose a Friend Group or Network to invite.)

Greenfield Subdivision, Colorado - Real Estate Market Statistics - August 2009

Thu, 13 Aug 2009 12:23:34 -0500

The Bibeau Group has prepared the following statisitcs on the real estate market in the Greenfield neighborhood of Centennial, CO. Greenfield is a subdivision in the Cherry Creek School District in the southest Denver metro area. The following information was compiled on August 11, 2009*.

Sold Greenfield Homes Stats :

11 homes sold (including 5 in June)

Average Days on Market: 72

Average Net Sold Price: $310,750

Average Net Sold Price Per Square Ft: $121

Highest Sale Price: $213,500

Lowest Sale Price: $410,000

Net sold price/original asking price: 97%

Sold Greenfield Homes By Address:

Date	Address	Sold Price*	Fin. Sq. Ft.	Days on Market
5-12-09	20252 E. Lake Ave.	$300,000	3,226	87
5-21-09	5923 S. Ireland Ct.	$406,000	4,728	97
5-22-09	20614 E. Lake Dr.	$220,000	1,864	243
5-29-09	6278 S. Killarney Ct.	$291,000	2,819	63
6-05-09	20181 E. Maplewd Pl.	$325,000	3,444	13
6-16-09	20228 E. Lake Ln.	$410,000	5,313	15
6-18-09	6156 S. Jericho Way	$250,000	4,120	2
6-29-09	20671 E. Euclid Dr.	$380,000	3,122	13
6-30-09	20697 E. Lake Ave	$213,500	1,670	22
7-22-09	20294 E. Maplewood	$355,000	3,749	118
8-3-09	20499 E. Weaver Ave	$365,000	2,997	178

*after any concessions by seller, such as down payment or closing cost assistance

Current Greenfield Homes For Sale:

16 Greenfield Homes for Sale

Given recent sales pace, this is a 4 month supply

Average Total Days on Market: 96

Average List Price: $341,350

Average List Price Per Square Ft: $129

Highest List Price: $439,900

Lowest List Price: $269,000

Pending (Under Contract) Sales:

6 homes under contract

Average Total Days on Market: 78

Average List Price: $325,308

Average List Price Per Square Ft: $125

Highest List Price: $398,850

Lowest List Price: $255,000

Looking to sell your Greenfield home? Contact The Bibeau Group, your Greenfield real estate experts, for more information on how we can help!

*All information is based on information from Metrolist, Inc. for the period May 11, 2009 through August 11, 2009. Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist may not reflect all real estate activity in the market.

Denver Real Estate News Highlights - August 10, 2009

Mon, 10 Aug 2009 18:24:55 -0500

Here is The Bibeau Group's most recent summary of Denver Real Estate headlines. The following are excerpts, but you are able to read the complete stories by clicking on the links. Please let us know if you have any questions about the articles or what they might mean for your personal situation.

Denver scores best month of 2009 for home resales

"July home resales in metro Denver were the best of any month yet in 2009, but still down from the same month of 2008, according to Metrolist Inc. data released Friday by member brokers. Home resales -- which are sales of single-family homes and condominiums that have been sold at least once before -- reported by Metrolist increased 6.1 percent last month to 4,440 from 4,186 in June. "The Denver resale market is alive. The price range of $200,000 to $300,000 continues to be the area of major activity in the residential home arena," Gary Bauer, an independent broker in Littleton, said in a statement."

Denver Ranks No. 45 for Foreclosures

"The Denver-Aurora metro area ranked No. 45 in the nation for foreclosures in the first half of the year, the latest sign that while the local real estate market is improving, while much of the rest of the country is still caught in the downward spiral of people losing their homes. A mid-year report released today by RealtyTrac, based in Irvine, Calif., shows that foreclosures in the Denver-Aurora area are down 29.43 percent in the first half of the year."

Nov. 30 deadline looms for first-time buyer's credit

"First-time home buyers have just four months — until Nov. 30 — to close on a home to take advantage of the $8,000 federal tax credit. A first-time buyer is defined as someone who has not owned a principal residence for the past three years or has never owned a home. The home you purchase can be a condo, townhome, patio home, houseboat, manufactured home, or single family home. It must be priced at $80,000 or higher to get the full tax credit. The 2009 tax credit does not need to be repaid if you live in the home as your principal residence for 36 months.

Recognizing that some first time buyers are unable to buy due to the lack of down payment, HUD has put together a program to allow families to use the tax credit toward closing costs, to buy down the interest rate, or make a bigger down payment on FHA loans. Colorado Housing Finance Authority also has a policy that allows first time buyers to take advantage of the tax credit for down payment and closing costs. These programs coupled with the tax credit will help people enter the market that might otherwise be unable to do so. Their purchases will help trigger other sales as those sellers move to different homes. Check with your tax adviser to see how the tax credit would benefit you."

Now's the Time to Buy Your Dream House
If you can afford it, home prices remain at an all-time low and selection an all-time high

"There is an opportunity in residential real estate ownership unlike any we've seen in quite a long time, a perfect storm of sorts that is unlikely to last much longer. Home prices are down, interest rates remain near historical lows, and inventory is high. Thus, those with stable jobs and good credit can find their dream home, pay a price lower than any time in the last five or more years, finance it at a very favorable interest rate, and thereby be perfectly positioned for the housing recovery that the magazine wrote about."

Denver among top U.S. cities for getting a raise

"Chances are three out of four that your Denver-area company is giving out raises this year, a survey out Tuesday indicates. In fact, Denver ranks No. 5 on a list of the 10 best U.S. cities for getting a raise, according to the poll by WorldatWork, a global human resources association. The survey says 76 percent of Denver companies are giving raises to "middle performers," and the average raise is 2.1 percent."

Economists say the recession is ending; When Colorado will recover is open to debate.

"A rising chorus of economists are declaring an end to the longest U.S. recession since the 1930s, a necessary step for Colorado's recovery. "The 'Great Recession' is no more. It's over, finished, kaput!" declared Jeff Thredgold, an economist with Vectra Bank Colorado. Thredgold serves on three national forecasting groups, and all predict economic growth will return this quarter and continue into next year. But local economists differ on whether Colorado's downturn will also end this quarter, with some cautioning that job losses will continue far into 2010. "Although the state went into the recession later than the nation, we are forecasting it to come out at roughly the same time," said Tim Sheesley, chief economist with Xcel Energy."

Heritage Place Subdivision, Centennial CO - Real Estate Market Report

Mon, 10 Aug 2009 13:32:58 -0500

Heritage Place is a neighborhood in Centennial CO, about one mile west of I-25 and Arapahoe Road. It was built in the mid-1970's. Residents of the neighborhood benefit from high quality Cherry Creek Schools, as well as a location that is convenient to shopping, restaurants and several great parks.

A recent review of the neighborhood real estate statistics follows.

Sold Properties (2/9/09-8/9/09):

All of the properties sold during the past 6 months were tri-levels, with the exception of 1 ranch
Average days on market was 57
Average net price per square foot was $150
Over the past six and twelve month periods, the average sales pace in the neighborhood has been 1.3 homes per month (absorption rate)
Over past 3 months, the selling pace is 2 per month: Activity has picked up

Under Contract Properties (as of 8/9/09):

There are 4 homes under contract right now (1 tri-level and 3 two-stories), one is a short sale. The asking prices for these properties range from $260,000-$389,000
The average days on market for these 4 under contract properties was 92

Homes Currently on the Market (as of 8/9/09):

There are three Heritage Place homes for sale currently, with prices ranging from $299,900-$399,950
Average list price per square foot (currently active properties) = $131
With 3 homes on the market now, there is a 1.5 month supply at the current absorption rate

For more information about community amenities and events, the Homeowner's Association website is a great source. If you are thinking about selling your Heritage Place home, we would be happy to chat with you and provide a no-obligation home valuation. You can reach us via email, phone, text or live chat!

Piney Creek - Centennial/Aurora CO - Market Report, 8/6/09

Fri, 07 Aug 2009 12:19:41 -0500

Home buyers and home sellers in the Piney Creek area in Centennial/Aurora, CO should be aware of the most recent real estate market activity. Statistics over the past four months are showing us that the market is very different depending on what price range one is looking at. For example, data from the past 4 months show us that:

The $300-400K price range makes up 42% of current supply and 47% of solds
The $400K and above price range makes up 40% of actives, but only 13% of sold
The $500K and above price range makes up 30% of actives, but only 7% of solds
86% of the Solds in past 4 months have been at $400K and lower

Take note in the chart below of the final column, showing the the number of months of inventory is on the market, given the current sales pace. There is a notable difference in the market above $400K.

If you are in need of further information or assistance, please feel free to give us a call or visit our website any time. Also, there is a live chat box in the sidebar...if we are online, send us your question or needs for real-time assistance.

Price	Active	Under Contract	Sold	Sold per mo.	Supply of homes (in # of mos.)
$100-200K	n/a	n/a	8	2	n/a
$201-300K	12	4	15	3.75	3.2
$301-400K	29	9	28	4	4.14
$401-500K	7	3	4	1	7
$501-600K	6	3	3	.75	8
$601-700K	8	1	1	.25	32
$701K+	7	1	0	n/a	n/a

The Hills at Piney Creek - Centennial, CO - Market Report

Fri, 07 Aug 2009 10:58:24 -0500

The Bibeau Group has prepared the following statisitcs on the real estate market in the Hills at Piney Creek in Centennial, CO.

The Hills at Piney Creek is a subdivision in the Cherry Creek School District in the southest Denver metro area.

The following information was compiled on August 6, 2009*.

Over the past 12 months, an avg. of 2 homes have sold per month
Over the past 6 months, an avg. of 2.67 have sold per month
Over the past 4 months, an avg. of 3.25 have sold per month
Average Days on Market has gone down during these same time periods as well: 61, 51 and now 47
The past two sales (in June) were each on the market less than a week
No sales recorded so far in July/Aug
Given the current inventory, this part of Piney Creek is showing a 4-5 month supply of homes (based on current sales pace)

If you have a home you are thinking about selling in the Hills at Piney Creek, we would be happy to prepare a customized market analysis for you.

For more information about this neighborhood, you may also wish to visit the Homeowners Association website.

*Based on information from Metrolist, Inc. for the period February 5 through August 5, 2009. Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by Metrolist may not reflect all real estate activity in the market.

Denver Real Estate News This Week, May 26, 2009 (Part II)

Tue, 26 May 2009 15:26:24 -0500

Here is Part II of The Bibeau Group's summary of recent Denver Real Estate headlines. The following are excerpts, but you are able to read the complete stories by clicking on the links. Please let us know if you have any questions about the articles or what they might mean for your personal situation.

Denver tops on 'Today' show list of cities poised for real-estate rebound

Denver was named America's No. 1 city on the verge of recovery from the real-estate slump in a segment Tuesday on NBC's "Today" show. Real estate expert Barbara Corcoran, a regular guest on the show, said Denver more than any other U.S. city is "clearly on a rebound." "It's really the perfect real estate success story," she said. "It had one of the highest foreclosure rates in the nation for years running, and now they've cut that foreclousure rate in half and they've turned the corner." Rounding out Corcoran's list of cities poised for a real-estate rebound: * 2. Raleigh, N.C. * 3. Austin, Texas * 4. Seattle * 5. San Francisco

Denver offers free building permits for home improvements

The city of Denver will offer free building permits through the first half of June for home-improvement projects as a way to encourage economy-boosting renovation work. The free permits are for common improvement projects involving single-family homes and duplexes. They will be available June 1-15 and are valid for 180 days, the city announced Friday. Permits will be issued on the spot to homeowners or their contractors. Building-permit fees normally range from $20 to several thousand dollars, depending on the value of the project.

Recession Is Over According to Financial Experts
Improving Housing Market, Leading Economic Indicators Makes Experts Optimistic

There is a growing belief among financial experts that the recession is over. New housing inventory data seem to show improvement in the housing market. Barry Knapp, a strategist at Barclays Capital, wrote recently that the economy appears "to be in the sweet spot of a recovery" and that the recession may have ended last month, according to Bloomberg News. Sonders warned that unemployment is a lagging indicator and, historically, employment figures don't begin to recover until six months after the end of a recession. That means that this time around, unemployment likely won't peak until the end of this year.

Locals dispute Zillow stats for "underwater" homes

Declining home values mean 32 percent of Denver-area homeowners owe more on their mortgages than their homes are worth, according to a recent report by Zillow.com, a statistic local experts dispute. Home values dropped 7.7 percent in the first quarter of 2009 compared with the same quarter a year ago, the report says. But many local industry experts are skeptical of Zillow's numbers, which are based on sales data gathered from public records that can be out of date. Lou Barnes, owner of Boulder West Financial Services, said a number of other organizations provide data on the housing market that are much more reliable than what Zillow released.

Banks hold back seized homes
The slower pacing is helping to drive up REO bidding.

Bidding wars arise frequently in the REO market, especially for homes priced below $200,000, Denver brokers say. Many REO-listing agents report having seen low-priced properties attract 20 or more offers. More than in past down cycles, lenders are easing their repossessed foreclosures back onto the market rather than loosing a flood, according to Michael Clarkson of Mile High Home Hunter Realty.

The second part of the strategy is to "price them low and dirty to get people to come in and bid," he said. The holdback strategy seems to be working for lenders, said Ed Cluff, an investor.... "I've seen a lot of price escalation, particularly in north Aurora, Thornton and Montbello." For properties priced below $200,000, the average time on market is 2.6 months, according to MetroList. That's half of what it was just 13 months ago and less than half the time on market for homes priced between $200,000 and $400,000.

But many say the uptrend is temporary, driven mostly by banks holding their REO properties rather than selling them and holding off on new foreclosures. When those effects wear off, REO prices will fall, according to Craig Hindes, a broker with Coldwell Banker in Westminster. "A lot of inexperienced people will be stuck with properties they paid too much for."

Weighing in on property valuations
Property assessments are in the mail, so here's how the system works

Although sophisticated computer models are used to value properties, not everyone will be pleased. Below are a few things property owners need to know.Valuation notices detail how property owners can file a protest by the June 1 deadline. It's easy to challenge factual errors such as a property's square footage, the number of rooms, or a supposedly finished basement that isn't. More challenging is contesting the value assessors have placed on a home, especially in a volatile real estate market. One of the most common mistakes people make in disputing valuations is to compare recent sales or appraisals with their property, Groff said. Assessors review sales over an 18-month period that ended June 30, 2008. Information after that can't be in the appeal.

Read Part I of this article

If you are thinking about getting into this very changing market, please let us know how we can help.

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Denver Real Estate News This Week, May 26, 2009 (Part I)

Tue, 26 May 2009 14:32:38 -0500

There has been a lot of information coming out recently about the Denver real estate market. So much, in fact, that we have categorized our summary into three separate articles. This first post covers specific real estate statistics for the Denver area. Our next post will cover other Denver real estate news. Below are excerpts from several news stories, please click on the title for the complete story.

Denver Trends April 2009, Security Title

Average price of sold homes in Denver going up!

$236,920 in February 2009 | $251,583 in March 2009 | and $254,442 in April 2009 (single family residential)

Unsold homes on the market (inventory) going down!

April 2008: 26,171 Homes | April 2009: 20,705 Homes

Positive Perspective, Land Title Guarantee Company, May 2009

The 8 Denver neighborhoods that saw the highest average sale price increase in 2008:

Baker: Average Sold Price = $255,000; + 8% in 2008.
Berkeley East: Average Sold Price = $314,000; + 7% in 2008
Cherry Creek: Average Sold Price = $1,161,000; + 11% in 2008
East Highland: Average Sold Price = $296,000; + 7% in 2008
Platt Park South: Average Sold Price = $402,000; + 4% in 2008
Rosedale: Average Sold Price = $360,000; +17% in 2008
University Hills: Average Sold Price = $303,000; + 6% in 2008
Wash Park East: Average Sold Price = $705,000; + 8% in 2008

Your Home Is Worth More Than You Think, 5280 magazine

"Enough Already. Yes, these are the worst economic conditions since your grandfather's primary vehicle was a tricycle, with no end and little clarity in sight. So let's gather ourselves and sort out which numbers really matter and which ones merely perpetuate the fear that's gripped the financial and real estate markets for months.

First: Denver actually scores remarkably well on the index of overall housing-related distress. In 2008, area foreclosures declined almost 12 percent from 2007, the first year-over-year decrease in more than a decade.

Second: Our home prices 'only' declined by 5.1 percent from January 2008 to early 2009—compared to the national average of 19 percent—a relatively slight dip that made Denver one of the nation's top housing markets in 2008."

Colorado foreclosures down in first quarter, Denver Business Journal

"Colorado home foreclosure filings and sales both dropped in the first quarter from a year earlier, a positive sign for the state's economy, the Colorado Division of Housing said Monday. New foreclosure filings, the first step in the foreclosure process, fell 8 percent to 10,745 from 11,634 in the first quarter of 2008. Completed foreclosures dropped 26 percent, to 4,354 from 5,899 in the same period a year earlier.

"We continue to be cautiously optimistic," said Kathi Williams, director of the Division of Housing, in a statement. "Unemployment continues to be a concern as do future resets on adjustable rate mortgages. Of course, other states have these same dynamics, but their foreclosure rates are going up while ours are stabilizing. That's a good sign for us."

Hope for a troubled housing market, 9News.com

"Imagine putting your house up for sale and having an expectation of selling it for more than the asking price. Now imagine not only selling it for above the asking price, but having it sell in a matter of weeks. This isn't a history lesson from the housing market boom of a few years ago; it is the real estate picture in the Denver metro area today.

The hottest segment of the housing market right now is homes priced under $300,000. According to recently released sales figures, properties priced between $210,000 and $315,000 are selling in just more than four months on average. Homes priced between $135,000 and $210,000 are, on average, moving in just more than three months.

However, the properties priced below $135,000 are selling fast. Those homes priced between $135,000 and $85,000 are selling in two months on average. And the hottest portion of the housing market right now is homes under $85,000. They are selling, on average, in weeks not months and many of those properties are getting multiple contract offers, sometimes above the asking price."

Denver-area condo sales outpace single-family sales, Denver Business Journal

"Denver-area condo sales improved more than single-family home sales in April from the previous month, according to data released Thursday by Metrolist Inc. Metrolist Inc. is metro Denver’s Multiple Listing Service for homes on the market.

While single-family home sales improved nearly 5 percent in April from March, condominium sales rose 11 percent."

Signs of life above $400k, Denver Examiner

"While the market for homes above $400k is clearly the weakest of the price ranges, there were some inklings of life during April. With between a year and five year’s supply available in the prices ranges above $400k, sellers shouldn’t be expecting too much relief in the short-term.

However, increases in the number of properties under contract (and the corresponding US ratio) suggest the improvements in the lower price ranges may be trickling through. For home sales between $400k and $500k – active listings fell slightly, sales dropped about 4%, properties under contract increased almost 20%, the Under contract to Sold Ratio (US Ratio) increased significantly and Months of Supply (MOS) hit 11.79.

While the actual sales performance remained weak – the significant increase in the leading indicators (Under contract, US ratio) bodes well for the coming selling season. Depending on the increases in sales volume, this price range should begin to see more consistent price stability across Denver as the bargains are snapped up and loans become more readily available."

Read Part II of this article

If you are thinking about getting into this very changing market, please let us know how we can help.

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New Denver Relocation Blog

Mon, 20 Apr 2009 15:24:24 -0500

Are you considering a move to Denver? Looking for a way to get your questions answered about neighborhoods, schools, taxes, or real estate?

We would like to formally announce the launch of The Bibeau Group's new Denver Relocation Q&A blog!

MovingToDenverFAQ.com

At this brand new site, those relocating to Denver will be able to access a wide variety of resources that will help with their moving plans, as well as participate in a Q&A about any relocation issues.

The content includes:

Additional content is added regularly, so please bookmark or subscribe to our blog!

Denver Colorado Real Estate Updates - April 16, 2009

Thu, 16 Apr 2009 14:08:09 -0500

Here is a quick update on recent Denver, Colorado real estate headlines. If you know any potential first-time homebuyers, the first article is a must-read. The other two address hot price-ranges in Denver, and the latest foreclosure statistics and why they may not be completely accurate. Also, see the bottom of this message for two more ways you can stay on top of the latest info from our team!

This first article explains a new program through which first-time homebuyers in Colorado can utilize a big chunk of their $8,000 tax credit as a down-payment or for closing costs:

Help for a first home
Potential buyers get state loan, federal tax credit

Here is an explanation of the 'hot' price-ranges in the Denver area:

Real Estate Market Hot For Low, Mid-Priced Homes
Multiple Offers, Bidding Wars Possible For Houses Priced Near $250K

Finally, this story explains Colorado's current 12th in the nation foreclosure ranking, why the State disputes the numbers and what they are planning to do to improve their reporting of foreclosure data:

RealtyTrac: Colorado 12th in foreclosures in 1st quarter

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Greenfield Subdivision, Colorado - 2nd Annual Food Drive Was a Great Success!

Mon, 06 Apr 2009 18:07:01 -0500

THANK YOU GREENFIELD!

The Bibeau Group hosted the 2nd Annual Greenfield Food Drive Sunday, March 22nd, 2009. In just four hours, we were able to collect 481 pounds of food for Food Bank of the Rockies. That's 159 pounds more than last year!

Additionally, the event co-sponsors, The Bibeau Group and Oxford Mortgage, matched the community donations for a grand total of almost 1000 pounds of food.

We would like to extend our sincere thanks and congratulations to the entire Greenfield community. This wonderful, caring neighborhood just made a huge difference in the lives of many Colorado families in need.

We can't wait to see how we do at the 3nd Annual Food Drive next year!

Piney Creek Estates Homes for Sale: 15534 E. Prentice Drive, Centennial, CO

Fri, 03 Apr 2009 15:06:35 -0500

Gorgeous Former Model Home

15534 E. Prentice Drive, Centennial, CO 80015 View Map

This beautiful and spacious former model home in the esteemed Piney Creek Estates neighborhood is the epitome of elegance and style. From the lovely fountain as you approach the front door to the dramatic foyer, to the soaring ceilings and dual curved stairways, this home offers numerous appealing amenities. On the main level, there is plenty of space for living and entertaining, including a lovely sitting room, formal dining room with a coved ceiling, study with extensive built-in shelving, large sunken family room and a roomy and bright kitchen featuring a large island and massive pantry, as well as a butlerâ€™s pantry. On the upper level, you will find four bedrooms including a luxurious master suite with a two-sided fireplace perfect for a relaxing bath in the jetted round tub. The backyard offers a large patio and yard with an abundance of pine and aspen trees for privacy.

Details

Asking Price:

$597,313

MLS:

750652

Sq. Feet:

4390

Lot Size:

.29 acre

Bedrooms:

Bathrooms:

# of Floors:

HOA/Maintenance Fees:

Garage Size:

Subdivision:

Piney Creek Estates

Year Built:

1994

Property Amenities

Community Amenities

Contact Info

Wendy Bibeau
The Bibeau Group

Dir 303-808-0239
Email | Website

Denver Relocation: Jump on the Bandwagon!

Wed, 01 Apr 2009 16:55:46 -0500

As pointed out by Forbes Magazine in its recent article "Ten Cities Where Americans Are Relocating", the Denver metropolitan area continues to be a popular destination for relocating Americans.

"Unemployment is on the rise, credit is tight, and consumers aren't spending--which means they aren't picking up and moving much either.

Very few places in America saw significant population growth in 2008. But the buzzing metropolitan area of Denver bucked that trend. Its population increased by 2.17% in 2008. In 2007, it increased by 2.09%. In 2008, Denver was the 10th-fastest growing metro area in the U.S."

Why all the interest in the Mile High City? Forbes points to several factors:

According to an October 2008 survey conducted by Pew Research Center, Denver is the most popular city in America.
People like it for its skiing, culture and vibrant nightlife, as well as its business opportunities.
In January 2009, the unemployment rate in the Denver metro area was 6.5% -- two percentage points below the national average of 8.5% for the same period.

As a longtime resident of Colorado (transplanted from Minnesota), I'd add another factor to that list....our weather! While we do get the occasional blizzard or hailstorm, the Denver area is a perfect choice for those of us who enjoy having four seasons, but ones that are mild and enjoyable year-round.

Another big plus for those considering a move to our area is that the Denver real estate market has held up better than many other around the country. As reported in the Rocky Mountain News, the February 2009 S&P/Case-Shiller Home Price Index revealed that the Denver housing market was the best-performing of 20 of the largest markets at the end of last year.

The Bibeau Group are Denver Relocation specialists and would be happy to send you a free Denver Relocation packet if you are considering a move to our area.

Greenfield Subdivision, Colorado - Real Estate Market Statistics - March 2008

Wed, 01 Apr 2009 11:00:36 -0500

During the past 3 months (December 6, 2008 - March 6, 2009):

3 homes Sold in Greenfield

2 more homes are currently Under Contract

Average net sold price was $345,800 (ranged from $311,000 to $389,000)

The average Total Days on Market was 50

These 3 homes sold for an average of 95.2% of their list price and 94.4% of their original asking price

The average net price per square foot was $115

NOTE: Last year during this same period (12/5/07 - 3/5/08), 6 homes sold in Greenfield at an average net sold price of $347,583 - with the average net price per square foot of $140.

Sold date	Address	Sold Price (after any concessions)	Asking Price	Fin. Sq. Ft.	Days on Market
12-22-08	6551 S. Lisbon Ct.	$337,400	$359,900	2648	35
1-23-09	6545 S. Killarney Ct.	$311,000	$329,900	2648	72
2-6-09	20252 E. Euclid Ln.	$389,000	$399,900	3746	45

On the Market: As of March 6, 2009 there are 13 homes for sale in the Greenfield neighborhood, with prices ranging from $260,000 to $550,000.

Search for Homes for Sale in Greenfield: All Greenfield Home Listings/MLS

Sign up now to be added to our Greenfield email list. We will keep you up-to-date on neighborhood real estate statistics, information, new listings and more.

Community information: Greenfield neighborhood in Aurora, CO.

Shenandoah on Smoky Hill, Real Estate Market Report, March 2009

Fri, 27 Mar 2009 12:41:50 -0500

Shenandoah on Smoky Hill is a unique neighborhood in southeast Aurora. It has only one entrance, and entry is restricted to residents and their guests. It is a neighborhood of custom and semi-custom homes that was built between 1977 and 1981.

Amenities for residents include a large pond, community pool, clubhouse, tennis courts, and playgrounds. This neighborhood is also within the highly-regarded Cherry Creek School District.

The Homeowner’s Association website contains photos of the neighborhood and community events, as well as additional community information and documents.

The current real estate market includes both fixer-uppers as well as completely removed homes with top-end finishes.

Sold data (past 6 months):

3 properties sold
Prices (before concessions) were $306,500, $320,00 & $473,000
Average net sold price per square foot = $128
Average days on market = 311

Under Contract (as of March 27, 2009):

2 properties (note: both are bank-owned and need work)
List prices $264,900 and $337,000
Average price per square foot = $93
Average days on market = 39

Active Listings (as of March 27, 2009):

5 properties currently for sale
Prices range from $325,000 to $469,000
Average list price per square foot = $145

Search all Shenandoah homes for sale. We also have information about a remodeled listing not currently in the MLS. Please contact us if you would like to find out more.

New Study Shows Denver Has One of Top 15 Healthiest Housing Markets

Mon, 23 Feb 2009 15:54:32 -0600

According to Builder magazine, Denver ranks as the as the twelfth-healthiest housing market in the United States.

Several Texas and North Carolina cities make up over half of this list, with Houston and Austin shown the have the healthiest housing markets, respectively.

15. Myrtle Beach, S.C.
14. Wilmington, N.C.
13. Charlotte, N.C.
12. Denver, Col.
11. Nashville, Tenn.
10. Washington DC
9. Fayetteville, Ark.
8. Indianapolis, Ind.
7. Seattle, Wash.
6. Raleigh, N.C.
5. Dallas, Texas
4. San Antonio, Texas
3. Fort Worth, Texas
2. Austin, Texas
1. Houston, Texas

Here is some of what this article has to say about the Mile High City:

"Denver has been all over the home building news of late, with Beazer and Centex leaving town, then Village Homes of Colorado declaring bankruptcy. But the market hasn’t been hit as hard by the home building recession as other Western markets, in part because it didn’t experience rampant price appreciation during the boom. That’s partly because there’s lots of land available to develop in Denver. The median price of an existing home here was still an affordable $225,100 in the third quarter of last year, down only 11.4 percent in the last year (through 3Q 08). Denver enjoys one of the highest population growth rates in the country--2 percent annually for each of the last five years. Builders pulled 8,800 permits in Denver last year, down from 20,864 in 2005, a percentage decline that’s close to the national average. Denver is buoyed by a strong commercial real estate market."

Please feel free to contact The Bibeau Group with any questions about the Denver Real Estate market. Or, check out our website for our new Live Chat feature and get answers in real-time!

Denver Parade of Homes Shifts to New Format in 2009

Wed, 18 Feb 2009 17:38:48 -0600

Home Builders Adapt 24-Year Old Real Estate Tradition to Current Conditions in the Home Construction Industry

For anyone who enjoys checking out the high-end jewels showcased in the annual Parade of Homes in Denver, get ready for a new format this summer.

The event's organizer, the Home Builders Association of Metro Denver, has decided to focus on already built homes throughout Metro area, rather than building several showcase homes in one neighborhood, as has been done in the past.

"The Home Builders Association of Metro Denver is changing the format of its Parade of Homes this year in light of the current housing slump. The 2009 event will be called the Denver Luxury Home Tour, and will feature already built homes on the market for $1 million-plus located at multiple locations metrowide.

The 2009 luxury-home tour will run Fridays, Saturdays and Sundays, June 5-July 5.

“Despite the housing slump, our association is committed to promoting our homebuilding industry, and our members felt that this approach would better serve the public as well as homebuilders,”

-- Denver Business Journal

Details are set to be announced soon and The Bibeau Group will update you as soon as the information becomes available.

Denver Real Estate: 3133 E. Long Circle, Centennial, CO 80122

Tue, 04 Nov 2008 12:30:19 -0600

Spacious Townhome - Exceptional Location!

3133 E. Long Circle, Centennial, CO 80122 View Map

This is a lovely, 2000-plus square foot townhome in the popular Hidden Hills area near Dry Creek and University. This spacious two-story features a vaulted ceiling with skylight, three bedrooms, two and a half baths, and a fully-finished, versatile basement.. You will also enjoy entertaining and relaxing on the inviting patio. Hidden Hills offers a pool and.tennis courts, as well as an easy commute
to the Denver Tech Center. Excellent Littleton Public Schools.

Details

Asking Price:

214,975

MLS:

717384

Sq. Feet:

2,050

Bedrooms:

Bathrooms:

# of Floors:

HOA/Maintenance Fees:

250

Garage Size:

Subdivision:

Hidden Hills

Year Built:

1982

Property Amenities

Community Amenities

Contact Info

Wendy Bibeau
The Bibeau Group

Dir 303-808-0239
Email | Website

Denver Real Estate: 15543 E. Prentice Drive

Thu, 16 Oct 2008 17:09:04 -0500

Gorgeous Former Model Home

15534 E. Prentice Drive, Centennial, CO 80015 View Map

This beautiful and spacious former model home in the esteemed Piney Creek Estates neighborhood is the epitome of elegance and style. From the lovely fountain as you approach the front door to the dramatic foyer, to the soaring ceilings and dual curved stairways, this home offers numerous appealing amenities. On the main level, there is plenty of space for living and entertaining, including a lovely sitting room, formal dining room with a coved ceiling, study with extensive built-in shelving, large sunken family room and a roomy and bright kitchen featuring a large island and massive pantry, as well as a butler’s pantry. On the upper level, you will find four bedrooms including a luxurious master suite with a two-sided fireplace perfect for a relaxing bath in the jetted round tub. The backyard offers a large patio and yard with an abundance of pine and aspen trees for privacy.

Details

Asking Price:

$599,313

MLS:

712654

Sq. Feet:

4390

Lot Size:

.29 acre

Bedrooms:

Bathrooms:

# of Floors:

HOA/Maintenance Fees:

Garage Size:

Subdivision:

Piney Creek Estates

Year Built:

1994

Property Amenities

Community Amenities

Contact Info

Wendy Bibeau
The Bibeau Group

Dir 303-808-0239
Email | Website

831 Kirby Court, Watkins, CO 80137

Fri, 10 Oct 2008 12:08:05 -0500

Beautiful Newer Home on 2+ Acres

831 Kirby Court, Watkins, CO 80137 View Map

This beautiful, newer, 3000+ square foot home sits on nearly 2 ½ acres. You will enjoy mountain views and beautiful sunsets from the spacious, covered porch. Inside this roomy, bright two-story home, the kitchen features an abundance of 42” cherry cabinetry, large island with seating space, black appliances, and beautiful hardwood floors. The main floor also boasts an eating area off the kitchen, large family room with gas fireplace and built-ins, beautiful formal dining room, main floor study with a sit-in bay window, and huge laundry room with plenty of cabinets and counter space.

There are four bedrooms upstairs, including a master suite with vaulted ceilings and five-piece bath. In addition, the large bonus room upstairs is perfect for a playroom, second family room or rec/hobby room. Upgraded lighting, ceiling fans, and architectural details make this home exceptional. A three-car garage and 1,300 square foot unfinished basement offer plenty of additional space. Just 25 minutes from Denver Tech Center, downtown or DIA.

Details

Asking Price:

424,900

MLS:

710554

Sq. Feet:

3080

Lot Size:

2.41 acres

Bedrooms:

Bathrooms:

# of Floors:

HOA/Maintenance Fees:

Garage Size:

Subdivision:

Watkins Farm

Year Built:

2005

Property Amenities

Contact Info

Wendy Bibeau
The Bibeau Group

Dir 303-808-0239
Email | Website

Another Way to Help Our Clients in Today's Market

Mon, 08 Sep 2008 15:48:55 -0500

This isn't completely unique to the current market conditions, but we have had many, many clients this year approaching us about helping them to either find properties to rent, or with help in renting out their own property.

Some want to buy, but can't get financing quite yet. Some are relocating to the area and wanted to check out the area before committing. Some are unsure of their job security and hesitant to buy. Some can't sell for the price they need, or can't sell at all, and want to cut their losses by renting out their place.

In all of of these circumstances, even if it means we lose a listing or a potential buyer at the moment....we have done whatever we can to help. Our local Keller Williams office is quite large, and the office email list has proven invaluable in helping our clients find rentals or renters. We even create attractive flyers and Craigslist ads for them, just like we do for our listings.

Our team has even discussed the desirability of owning our own suite of rental properties, both as a way to help clients we already we have, and also as a way to cultivate future clients. When one of our team members periodically advertises their own rental, she has the opportunity to talk to a large number of people who are potential future homebuyers. If we had multiple properties, this would be a great source of lead generation.

It's all about helping our clients, and we also believe that this is a good long-term strategy for us. Although we are not getting any compensation for this service, it is laying the groundwork for future business. It shows our clients that they can trust us do to the right thing for them, not just for us. Maybe they will use us in the future, maybe they won't. But, either way - we can feel good about helping people today, which is why our team is in this business.

We would love to hear from other agents - are you providing this type of service as well? What do you think of this approach?

Got Creativity?

Mon, 08 Sep 2008 15:20:50 -0500

We're designing our first paid ad in our farm area's HOA newsletter. It's going to be a full-page ad and starting with this issue, will be emailed out in PDF format. We're sharing the cost with a lender, so they are going to use part of the ad.

We would really like to do something creative and interesting....and maybe it's the dreary weather here today, but we are just not coming up with anything unique. We do own a website for the community....maybe we can somehow tie in some kind of contest or game??

If you have any ideas you would care to share with us - we would sure appreciate it!

Parker Colorado Homes for Sale: 10923 Parker Vista Way

Mon, 25 Aug 2008 12:48:40 -0500

Wendy Bibeau | The Bibeau Group / Keller Williams Realty | 303-808-0239

10923 Parker Vista Way, Parker, CO

Great home on cul-de-sac and greenbelt with mountain views!

4BR/3BA Single Family House

offered at $319,500

Year Built	1996
Sq Footage	2,585
Bedrooms	4
Bathrooms	3 full, 0 partial
Floors	3
Parking	2 Car garage
Lot Size	.16 acres
HOA/Maint	$42 per month

DESCRIPTION

This home boasts a bright and open 2-story floorplan with mountain views. You will find a spacious master suite with sitting area, and large five-piece bathroom. Also upstairs, the large, versatile loft offers many options for use. The convenient main floor study can also be used as a fourth bedroom. The kitchen and bathrooms feature durable and unique concrete countertops, along with copper sinks in the baths, and a beautiful tile backsplash in the kitchen. In the family room, a lovely gas fireplace is flanked by beautiful built-in shelves and cabinets. The large, private deck backs to a walking path with greenbelt. You will love this cul-de-sac location with mountain views.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Walk-in closet	Hardwood floor
Family room	Living room	Bonus/Rec room
Office/Den	Dining room	Breakfast nook
Dishwasher	Stove/Oven	Basement
Laundry area - inside	Balcony, Deck, or Patio	Yard

ADDITIONAL PHOTOS

Seller contact info:

Wendy Bibeau

The Bibeau Group / Keller Williams Realty

303-808-0239

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 25, 2008, 7:54am PDT