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Denver real estate is bouncing back...

By Kristal Kraft

Real Estate Agent with Novella Real Estate

October 30, 2006 04:49 PM

a bounce bubble in Denver As previously reported here and now confirmed by the Wall Street Journal, Denver's real estate market is in line for an up swing.

Driven by the strengthening energy, financial and professional-service sectors, employment is rising.

Area improvements, FasTracks is putting Denver on the public transportation map. The historic Denver Union Station is being renovated and looks forward to being a hub of transportation.

Commercial real estate is being soaked up. Rent concessions for apartments are going away, vacancy rates are dropping.

Denver continues to have a strong demand and low levels of new supply in the apartment conversion department.

Oddly enough the high level of foreclosures have driven the vacancy rate down. Investors are looking at Denver area foreclosures favorably. And why not...the Denver metro area is a place people WANT to live.

For the whole Wall Street Journal Story...

Denver Real Estate & Relocation

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Marc Blasi

Palm Beach Gardens, FL

Have you gotten any offers on that thing yet!?!

Seriously - I've always wanted to visit CO - I don't know why I haven't gone yet. After all these years in FL I really miss the snow - maybe it's time for a trip..........

Oct 30, 2006 10:02 PM

Jenny Lozano

Florida List for Less Realty,Inc. - Boca Raton, FL

Denver is truly a fun town! Great people and beautiful country. This year we`re going to try Utah for our ski trip, I hope I`m not making a mistake..

Oct 30, 2006 10:33 PM

Bob Pavey

RE/MAX Hometown - Aventura, FL

CRS

Kristal I hope South Florida starts to bounce back a little faster than how the market is going now

Oct 31, 2006 12:00 AM

Peter Andres - Lic. in FL & NY GRI,SRES,CNE

REALTOR - The Villages, FL

It's the opposite on Long Island, NY.

Oct 31, 2006 12:02 AM

Kristal Kraft

Novella Real Estate - Denver, CO

Selling Metro Denver Real Estate - 303-589-2022

Marc ~ If you want snow you must go to the mountains. We prefer to keep it up there. And no, no offers on the octopus bouncing thingee. It is cute though.

Jenny ~ Don't worry, Utah has great snow. I hear it is also a good place to ski. (as long as you don't want to drink too)

Bob ~ We have been flat for much longer than the rest of the country. Denver typically runs reverse to everyone else. Don't know why, but it has happened that way before. I too hope for your sake your market picks up soon...good luck with it.

Peter ~ this too will pass. Long Island is really very nice, I had never been there until recently.

Oct 31, 2006 01:21 AM

Sara Lipnitz

Max Broock Realtors - Birmingham, MI

I hope that your market upswing bounces to the Detroit market. How are you doing with the Crash Pad???

Oct 31, 2006 02:23 PM

No showings at all! I need to focus on it and get some fliers into the lounges as you suggested.

I'll send you one...

I got held up because my first set of photos were awful. I just went back and redid them. These are better...not perfect, but better.

Oct 31, 2006 02:43 PM

Jessica Hughes

Ambiance Staging - Boulder, CO

You have such a way with words Kristal, you're making me want to move to Denver! I was at the zoo on Sunday for my daughters 2nd birthday. It was a perfect day

It really is exciting to witness what's happening in our downtown area! I remember in high school my favorite hangout was Paris on The Platte, but it was pretty much in a no-go area. Look at it now!

Oct 31, 2006 03:09 PM

Jessica ~ I love that area where Paris on The Platte is. I didn't know it was around that long...not that you are old or anything...

It's much like a hippie hangout I remember...

REI is my favorite place right there on at Confluence. There is so much activity going on in that one little area, REI, Children's Museum, Six Flags all the people on the trails, you can see Mile High Staduim and the city.

It's a downright Camera Rich area to be in!

Hope you take your kids to the children's museum...I really love that place too!

Nov 01, 2006 12:54 AM

I will make sure that I give Doug a copy of the flyer. He may know someone who is looking for a Crash Pad in Denver.... you never know!

Nov 01, 2006 01:57 AM

I sure Doug knows my buyer! Thanks for your thoughfulness and help. I do appreciate it!

Nov 01, 2006 02:00 AM

Denver real estate is bouncing back...

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Kristal Kraft

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