Archive for February, 2011

This Saturday, February 26, 2011, Perry & Co. Real Estate Professionals’ Denver Realtor, Kim Kouba is hosting a color consultation workshop featuring two of Colorado’s best color experts from Belcaro Paint & Decorating.

The homes in University Park are very diverse. Over the last year, the least expensive home was $200,000 while the most expensive home was $1.4 million. During the same time period, the average home price was $693,000 and the median price was $765,000. University Park is quickly becoming a luxury neighborhood as older homes are razed in favor of brand new, larger, more expensive homes.

Tiffany Burke said, “I’m thrilled to be moving to Perry & Co., one of our ‘sister’ companies in Leading Real Estate Companies of the World.” Perry & Co. and Colorado Landmark both belong to Leading Real Estate Companies of the World (aka LeadingRE), the largest consortium of privately-held, locally-owned real estate companies world-wide, providing national and international relocation and marketing services.

Lessons learned: Studded snow tires are superior on ice, then are snow tires and the worst performing are summer street tires. Dynamic Stability Control is for real. It takes a whole lot longer to stop on ice than I would have ever believed! Drive safe and slow on our icy roads. You won’t win any awards, but you will get where you are going, not in the hospital or worse! Next year I’ll have studded tires on my car for sure!

In general, real estate professionals consider between 5 and 6 months of inventory a normal market. Less than 5 to 6 months of inventory is considered an appreciating market or “sellers” market. Over 6 months is considered a depreciating market or “buyers” market.

Metro Denver prices, while still lower than the highs seen in 2006, rallied at the end of 2010. See a chart of average prices for residences (single-family homes) and condominiums (including townhomes, lofts and duplexes) from 2004 – 2010.

Last year in Metro Denver, December sales were nearly as strong as August giving the metro area a strong finish. Preparing a home for sale, marketing it, and getting to contract and closing can take a few months, so if you’re considering a move in 2011, now is the time to start.