The Oscar Goes To...The Premier Condo Market
The Premier residential market was feeling the love in February with its sales volume increasing 6.18 percent month over month, and 12.12 percent year over year. Sellers loved that their homes were not taking as long to sell in February with the days on market down 32.74 percent from the prior month to 76 days. No President’s Day sales were happening in the Premier single-family segment of the market, as the price per square feet increased 4.32 percent from the prior month. The average price of a single-family home in the Premier market was $589,683 - up 0.07 percent from the prior month. With 999 active residences (single-family) at the end of February, and 1.99 months of inventory, buyers had more to choose from compared to homes under $500,000, but needed to act quickly when a listing came on the market. In the category of highest year-to-date percentage increase in sales and sales volume, 2017 over 2018, the Oscar goes to…the Premier condo market at 24.83 percent sold and 23.93 percent sales volume at over $100 million. Days on market for Premier condos was striking at 237 days, down 27.30 percent from the prior month. There were 261 active listings and 3.18 months of inventory in this segment of the market, so buyers had more to choose from in the Premier condo market over other segments of the market. Download the full March market trends report here.
Buy vs. rent: Guiding clients through the age-old dilemma - Inman News
With millennials’ preference toward a mobile lifestyle, the question of “buy versus rent” is prevalent among a demographic that constitutes a large segment of our first-time homebuyers.
Furthermore, baby boomers are confronted with the same question for varied reasons that include a newfound desire to be mobile and investing in a market that is appreciating from the aftermath of the recent housing bubble.
Real estate agents well-versed on the variables that determine whether a client should pursue homeownership instead of a lease, are positively guiding people through this major life decision.
So posed with the question of whether to buy or rent, what is the answer?
If you do the math, buying in booming markets such as San Francisco, New York, Boston, Los Angeles and my hometown of Denver becomes less expensive than renting over time; plus, with property values rising, it is generally favorable to purchase a home as a long-term investment.
“Renters who want to become buyers hear the buzz that there is a frenzy in the real estate marketplace with multiple offers, over list price and low inventory, so they are nervous to enter into the homebuying market, and they are sticking to renting,” said Denver-area Realtor Brigette Modglin. <<Read More >>
Everything and more from Denver’s newest Lakehouse17
Denver continues to grow steadily on a daily basis, from the people who move here to the buildings popping up all over town, our beautiful city continues to grow and develop into a modern city. People come here for the comfortable way of life, the luxury of the mountains and outdoor lifestyle mixed with the extensive career choices this city has to offer. Not to mention that great work-life balance that more and more people want to have, Denver is a city allows people to find that perfect space of enjoying their job while also enjoying what the city and surrounding areas have to give.
With Denver being an ever-flourishing city comes more and more new additions and not just any new additions, some of the most top-notch ideas and concepts are finding their way to our front doors. Denver is looked to as a leading city when it comes to many things culturally so it’s no surprise that our real estate market is also one that gets the good end of the stick when it comes to new real estate developments.
One of the latest new additions coming to Denver is a beautiful eclectically designed development called Lakehouse situated on the south shore of Sloan’s Lake. This 206 high-rise development allows options for penthouse, condominium and row home living. Along with some incredible views and outdoor living spaces over looking Sloan’s Lake, Lakehouse offers a wellness center, a lakeside terrace, community spaces, private underground parking and storage, bicycle shop and an organic farm.
The one really distinct thing about Lakehouse is that it is the first registered project in Colorado to pursue WELL building standard. So what is WELL? It is the world’s first building standard focused exclusively on human health and wellness. There are seven areas of the WELL building standard: air, water, nourishment, light, fitness, comfort and mind. WELL takes all of these things and marries best practices in design and construction with evidence-based medical and scientific research. All of this research and design make for a living environment that is used as a vehicle to support human health and well-being.
If you could find a place to live that supported your work and live vision, while helping keep you healthy and happy, wouldn’t you want to move in their immediately? I know I would! Give me a call today and let me set up a showing for you at this stunning development, see for yourself why this new spot is one of the most sought after living spaces in Denver.
Lakehouse17
Why Denver is the Perfect Place for Young Entrepreneurs
If I were to tell you that Denver ranks pretty high in the country for places that young entrepreneurs are moving to, would that surprise you? Probably not because we all know that Denver is one of the fastest growing cities in the United States and with our outdoor playground in our backyard, the work/life balance here attracts hard workers from all areas. Recently, Denver was ranked 9th in the nation of best cities for young entrepreneurs based on the four criteria of young adult influence, educational attainment, population growth and tax environment by MoneyRates.com.
The rate at which this city is growing will not slow down anytime soon and the types of jobs that the city has to offer is bringing more and more talent to Colorado. Young entrepreneurs see Denver as a place to set up shop because they don’t have the excessive cost of living, a great pick of potential workers and they get to live in one of the most beautiful states in the country. Also the location of Denver is idea for work, it is not too long of a flight from California or the Midwest (New York is always a bit of a long flight but hey, for the view of the Rocky Mountains I think many people will take the three + hour flight).
When many of these young entrepreneurs come to Denver they are looking for a place to set up shop or even a place they can use as a live/work space. One thing I would recommend is to look into the extensive selection of lofts this city has to offer that are ideal as live/work spaces. Since 2005, I have been specializing in lofts, specifically those in the downtown area, and my website AllDenverLofts.com is a great place to start looking for any young entrepreneur looking to move to Denver. Not only will you have a spot to work and live, but you will also own property here in Denver that is always a great investment. I constantly tell my clients that the greatest investment anyone can make for themselves in Denver right now is in real estate and the facts and numbers that recent studies have shown continue to prove that point.
If you are an entrepreneur looking to move to the Denver area sometime soon or anytime in the future, give me a call or email today and let’s set up a time to chat about the choices you have when it comes to looking for the perfect life/work space for your business.
Live/work Loft At The Bolt Factory - Listed By: Phillip Svabodo, Blue Shift Real Estate $5000/MO
8/26/16