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Recession? Where? My House Hits the Market at Nearly $400 psf!

Putting my own sweet little Denver Bungalow on the market today. Voluntarily. Intentionally. No, I don't have to sell, but my market is HOT! Yeah, seriously!

My part of town is known as Northwest Denver or Highlands... and it's quite the trendy spot. In fact, my zip code (80212) was written up last spring as being the 2nd highest appreciating zip code in Denver at something like 18%. And I believe it! Here's a virtual tour of my beloved 'hood.

Little houses like mine are selling like hotcakes - a few already over $400,000. Believe it or not, the list price of $369,900 for my 950 sqft is a bit of a deal! Okay, well, I have a full basement, but still... That's a lot of money!

But, it's cute and the location can't be beat. I'm optimistically expecting a quick sale; after all, I did everything my listing agent told me to do (that would be me)!

Here's my virtual tour...

And a few Before & Afters:

31st

living living

kitchen kitchen

Jennifer Allan, GRI

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Posted by Jennifer Allan, Author of Sell with Soul on 09/05/2008 06:57 AM

Comments (26)

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Originally posted at: Selling Soulfully with Jennifer Allan: Recession? Where? My House Hits the Market at Nearly $400 psf!

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26 Comments on Recession? Where? My House Hits the Market at Nearly $400 psf!

SEP

2008

In my area we cant list our own personal homes. Good luck and the house looks great. Shouldn't take long to get a contract with such a great listing agent.

Nice little cottage!...hope it sells quick. Unfortunately in my market it might take a while...even special property priced right with all the fixens sell slow...we can't get people to get qualified unless they are super credit high it seems.

Absolutely adorable! I cannot imagine it will stay on the market long. You've done a great job.

Very nice -- Where are you going to go when this one sells? It looks to cute to leave.

Jennifer, what a charming home, I can see why it should sell fast, love the location and Swans lake. Where are you moving?

Very nice home! I really like the floors and trim. It should sell fast.

Dahling--I love what you've done with the place!

Seriously, it looks fabulous! Your listing agent has a stellar reputation, so you should be putting pen to paper in no time!

Terrific,

I was just out in Crested Butte for a week and at the end of the trip we stayed in Denver for a night. We went downtown for dinner, drinks and College Football - AWESOME town.

Good luck with the sale.

Jennifer fantastic virtual tour the highlands sure looks like a great place to live in. I bet your home will sell quickly those hardwood floors and natural lighting look amazing. www.vizionk.com

Justin - it really is a great place to live. And even though they're small, Bungalows are amazingly livable - they're probably the most popular floorplan in central Denver!

Jeff - Thanks for the Good Luck! Look me up next time...

Kim - Yeah, she rocks... but not as much as Rockin' Kim!

John - I think it will. I could have gone $20k higher and no one would have batted an eye, but I want a FAST sale!

Missy - I actually already moved - I rented a house on Sloan's Lake, just five blocks away. Didn't want to leave the hood, but didn't want to pay today's prices!!! Am I a hypocrit!?

Joan - I bought the house as an investment and with the recent surge in prices, I figured I'd cash out.

Susan - Thanks! I give most of the credit to my stager - www.stagingdenver.com

Neal - Ooooh, sorry. This price point is sweet here in Denver, but I'm sure we'll have a few stumbling blocks to overcome...

Laura - How come you can't list your own home? Is it an E&O issue?

Jennifer, with all of the out of state influx that Denver enjoys, your area remains one of the few in which big trees and classic styles are available (unlike the "subdivision" look so predominant out there). Now, if buyers of these gems would simply leave them alone, and not engage in "tear down" mentality...your house is WONDERFUL, and based on limited experience looking in that area, being offered at a great price.

Options - Funny - I"ve always worked in this neighborhood, so I take the charm for granted! The nice thing about my house is that the lot isn't really big enough for a tear-down, although it could easily be popped, which was my original plan when I bought it.

Good luck to you on the sale of your home and whatever awaits you on the other end of the sale!

I am sure your little cottage will sell. The pictures are great. I love older homes (I am assuming this one is older) We have a terrific neighborhood in Reno that have the best homes in it, just like the one you are selling, and they have held their value even in today's market where other neighborhoods have not been so fortunate!

Have a great weekend.

Jennifer, Location sure does make the difference.I just sold a cute little 100o sq ft bugalow with beautiful hard wood floors. The kitchen and bath had just been completely gutted and redone. It sold for $55,000!!!

Cute and looks like it's positioned to sell. I like your choice of lighter-color furniture. The remodeled kitchen looks great. Best of luck!

SEP

2008

I like what you did with the floors good luck

Jennifer, great pics thanks for sharing. Your home looks wonderful and I wish you a quick sale! Your home really is cute!

SEP

2008

Good luck with your sale. The pictures are vitural tour look great

Amazing prices out there! Very sweet home - good luck on your sale.

SEP

2008

I love your cute "little cottage." It should sell quickly. $400 per square foot. Wow!

SEP

2008

Okay, so I got a little feedback that my basement finish wasn't quite up to expectations (sheesh, whaddya' want for $400 psf!?), so I reduced my price $10k (after a whopping 3 days on the market) and am getting lots of showings... three interested parties, so far! Woo hoo!

SEP

2008

Jennifer: Wow! It is a beatiful cottage. You did well.

Great looking space and tons of curb appeal. You should have no trouble selling that charming cottage. I personally prefer a home with character , instead of those McMansions that are stamped out at the factory. One kit fits all !!

Laura

On a different tack, thanks for recommending the Expired program. I like what I heard and have bought it. We'll see. Keep well,

Matt

Matt Makowski

matt@mattmakowski.com

www.BoulderCountyHome.com

SEP

2008

I put my house on the market o July 1 in Fort Collins, also listening to the sage advice of my favorite Realtor (ME, of course). I listed it at $450K and had competing offers in less than a week, and sold it 3 weeks later for $446K. It was a good illustration of what can happen in a down market when you do things RiGHT. Cleaning, staging, fixing, clearing, proper pricing, etc. I find that my sellers always pick and choose which things they want to do instead of just doing what I tell them!

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