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DENVER REAL ESTATE MARKET EXPERIENCING RECORD LOW LISTINGS

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The Denver area real estate market is on pace for a second consecutive year of record low listings and record-setting home prices.

In January 2015, there were 5,152 homes listed by Realtors, which is a four percent decrease from the 5,352 homes listed in December 2014 and a huge 26 percent drop from the 6,981 active listings in January 2014, according to REColorado (formerly Metrolist).

A total of 3,964 new listings were added to the market in January, which was 62 percent more than in December 2014, but the vast majority of these homes were sold quickly in Denver’s current robust market. A total of 4,514 single-family homes and condominiums were placed under contract in January for a 28 percent increase from December.

However, for each new home hitting the market, more than one listing was sold. So when demand is greater than the supply, simple economics dictates that prices will rise…and prices are rising in rapid fashion.

REColorado reported the median price of homes sold in January was $285,000, a 14 percent increase from the same period last year. The record low supply, coupled with strong demand, bodes well for continued home appreciation, which means prospective buyers should act promptly in order to avoid additional price increases while taking advantage of mortgage loan rates that remain below four percent.

Despite record low inventory, there are still outstanding home buying opportunities that can fulfill your great American dream of home ownership. The market is challenging, but an experienced Realtor can map an individual strategy for buyers and sellers alike. Please visit www.DenverRealEstate.com and make your dream come true in a seamless, rewarding manner.

DENVER HOME RESALE PRICES HIT RECORD HIGH

Right now, Denver has one of the strongest real estate markets in the country. In fact, it was just announced that home resale prices in our area hit record highs in September.

According to the S&P/Case-Shiller Home Prices Index report, Denver continues to outpace the growth rates of many other metro areas. While price growth has started to settle in those other markets, the slowdown has yet to take hold here in our neck of the woods.

In September, the Denver metro area had a 6.2 percent gain in year over year resale prices. While that is a strong gain, it does represent a bit of a fall from recent growth rates in July and August — 6.7 percent and 6.3 percent respectively. Back in March of 2014, the year over year growth was a staggering 9.1 percent.

The Denver real estate market is continuing to grow, but the signs are there for a potential slowdown in the future. We may be slowly sloping toward the current national average of 4.8 percent growth in year over year price gains.

The S&P/Case-Shiller report makes it clear that local home sellers are in a great position at the moment. Resale prices have hit a record high thanks to a year of significant and sustained gains. Growth rates have hit their peak and started to slow, suggesting that right now is an excellent time to sell.

Contact Jim & Helena Buckley about your real estate needs in the Denver area today. Call (303) 773-3399.

Lone Tree

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The wide range of diversions available to Lone Tree residents virtually on their doorsteps inspired the town motto: “It’s a great day to be in Lone Tree.” In addition to the Lone Tree Summer Concert Series, Lone Tree Library, and a wealth of world-class shopping, the area’s extensive network of walking and biking trails helps residents stay fit and feel connected to one another and with nature.lonetree_horse_statue

A kaleidoscopic array of stores offers everything from basic necessities to upscale luxuries certain to delight even the most discriminating shoppers. Salons, spas, yoga studios, and fitness clubs also abound within Lone Tree and surrounding communities.

Other notable facilities close by include Sky Ridge Medical Center, Centennial Airport, the Entertainment District, and Wildlife Experience.

Among the most popular in the Douglas County system, the Lone Tree Public Library offers year-round educational and entertainment programs for children and adults alike, while the aquatics facilities, regulation-size gym, state-of-the-art exercise equipment, aerobics room, indoor track, and racquetball courts at the Lone Tree Recreation Center cater to the needs of hardcore fitness buffs as well as novices.

From its perch atop the hills south of Park Meadows Mall and C-470, Lone Tree offers commanding views Denver, the Front Range Mountains, and tracks of native open space south of town. Designed by Arnold Palmer, the Lone Tree Golf Course winds across the slopes in the southern half of town, while the north neighborhoods border expansive Sweetwater Park and its quainter “sisters,” Cook Creek Park and Pool and Altair Park.

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Residents can now access a widened and improved I-25 together with the new Southeast Light-Rail line for an efficient commute to the many cultural and major-league sports venues in Downtown Denver. Meanwhile, ongoing projects and developments continue to inject new vitality into this already thriving community.

Highlands Ranch

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Recreation, open space and healthy living define old Phipps Ranch. Nestled throughout 23,000 acres previously owned by Lawrence Phipps Jr., one of the original owners of the Denver Broncos, the sprawling cattle ranch is now one of the finest master-planned communities in the country. It features distinctive neighborhoods showcasing a variety of Denver Real Estate, more than 2,000 acres of natural open space and parks, and outstanding recreational opportunities.

Residents enjoy magnificent views of the majestic Rocky Mountains and nearby reservoirs, plus a variety of conveniences, such as libraries, shops, restaurants, and municipal offices located in the pedestrian-friendly “Urbanist Style” Town Center.
Highlands Ranch is a healthy place to live, and golf enthusiasts will appreciate some of the finest courses in the state. Parents also appreciate highly acclaimed schools from the Douglas County School District, plus private schools.

There’s always something going on in Highlands Ranch with a wide variety of community events scheduled throughout the year.

It’s a place where you can grow, learn, prosper, and enjoy a highly desirable Colorado lifestyle on your terms. It’s where Denver Real Estate blends flawlessly with open space and recreation.

Cherry Hills Village

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Cherry Hills Village, one of the nation’s most elegant suburbs, is also among the safest. A tranquil, rustic community of gently rolling hills, mature trees, sumptuous mansions, bridle paths, and gravel roads, Cherry Hills Village numbers among the ten wealthiest suburbs in the country.Here, it has been said, “gravel roads are a matter of deliberate choice rather than a lack of funds.”

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Estate-size properties, many with stables and fenced for keeping horses, feature an array of exquisite masterpiece homes in a stunning variety of styles including contemporary, classic ranch, Mediterranean, French Country, and Cape Cod. In Cherry Hills, modern and rustic, avant-garde and classic, old and new mix comfortably.

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Strict zoning and a strong commitment to trails and open space have enabled the Village, dotted with pocket lakes and small streams, to preserve a rural ambiance and exceptional quality of life despite being surrounded by more densely populated communities.Although Cherry Hills does not allow commercial development, a wealth of retail and services are readily accessible nearby via modern thoroughfares bordering the community. Mean commute time from Cherry Hills to work is just under 22 minutes.

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Greenwood Village

 

A HIGH QUALITY LIVING EXPERIENCE

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Greenwood Village is one of the most desirable communities in metro Denver to live, raise a family, start a career, retire, run a business, enjoy lunch with friends, or have a fabulous evening out. Whatever the occasion, you can expect a high quality experience and nothing less in Greenwood Village.In the 1950’s, Greenwood Village was a land strewn with farms, dairies, gravel roads, and a population of about 500 residents. Today, those rural elements have been preserved with the addition of a developed, dynamic blend of urban and residential areas, plus nationally recognized business parks that contribute to the well being of the Village. The land that is now Greenwood Village has a long and proud history beginning with pioneers and native Americans who first settled the area. During the 1860’s, settlers came from the east and mid-west to find gold. By the early 1900’s, the Village area thrived with orchards of cherry, apple, apricot, plum, and pear trees. In some important ways, Greenwood Village remains the same. Parents still want the best for their children, and neighbors come together to celebrate important events in the life of the community. Horses can still be seen grazing in pastures, and people of will still step forward to lead and plan so that the quality of life can be maintained. The community exudes a charming country ambiance in the form of an extensive system of interlacing parks, greenbelts, parkways, and biking, hiking and equestrian trails.
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Greenwood Village boasts an ideal location, robust economy, and nationally renowned schools districts, including the Cherry Creek and Littleton districts known for high academic achievement. The Village offers a variety of wildlife, waterways, remnants of historic structures, and colorful gardens. Village cultural life is exemplified with a renovated 1914 school house that is now the Curtis Arts and Humanities Center. Programs and workshops emphasize fine arts and bookmaking, music, the arts in schools, and senior exercise classes. Another cultural icon, the Koelbel Public Library, offers an extensive collection of books, periodicals, and videos together with an art gallery, espresso bar, and a used-book store. Greenwood Village Day showcases hands-on art activities, interactive games, and live stage shows for young and old alike.Greenwood Village offers adult softball, volleyball, and basketball leagues throughout the summer, and golf enthusiasts enjoy a world-class golfing experience at nearby courses including Lone Tree Golf Club, Glenmoor Country Club, South Suburban Golf Club, and the private Cherry Hills Country Club.

The Village offers a wide variety of Denver Real Estate, including condominiums, townhomes, mainstream single-family homes, and multi-million-dollar estate homes. Many enclaves are highlighted by panoramic views of the majestic Front Range, downtown Denver, and landscaped greenbelts. Dining opportunities are in abundance and unmatched in the metro Denver area. Shopping is also first-class, along with entertainment and concert venues, nearby reservoirs and wilderness areas, and so much more.

Residents of Greenwood Village enjoy comfortable commutes to Denver International Airport and quick excursions to Colorado’s magnificent high country. It’s simply a great place to live, and the housing choices are among the finest in all of metro Denver.

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Castle Pine Village

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EXPANSIVE FORESTS, PANORAMIC MOUNTAIN VIEWS, AND WORLD-CLASS GOLF COURSES DEFINE EXCLUSIVE COMMUNITY

Castle Pines Village is among the most coveted communities in Colorado. Nestled within vast expanses of towering pines, Castle Pines Village showcases panoramic mountain vistas, dramatic sandstone cliffs, plus wildflowers and gamble oak throughout 3,000 where diverse Denver Real Estate ranges from magnificent custom mansions to stylish golf homes.

Castle Pines Village is defined by two Jack Nicklaus-designed golf courses, including The Country Club at Castle Pines and Castle Pines Golf Club. Cradled by the Front Range and carved among towering ponderosa pines, these private courses offer breathtaking views and majestic signature holes.

The visionary design of Castle Pines Village affords an enviable lifestyle that’s removed from the city but close to the most desirable metropolitan conveniences. The spectacular setting is guarded by covenants that assure the natural ambiance will be maintained in perpetuity. The gated community has been highly acclaimed for its award-winning architecture, first-class amenities, and active lifestyle. The rustic beauty of Castle Pines Village is complimented by some of the finest residences in the state.

Residents of Castle Pines Village are just 15 minutes from the Denver Tech Center, the Park Meadows Mall, Skyridge Medical Center, and the south metro area’s major business and entertainment districts. Colorado’s magnificent high country and world famous ski resorts can also be reached with ease. The community also offers 24-hour emergency services.

Castle Pines Village offers tennis, swimming, and fitness facilities, plus an extensive network of hiking, biking and nature trails. Parents will appreciate highly regarded schools in the area, and with homes ranging in price from the $400’s to $7 million or more, the community showcases Denver Real Estate that is simply unmatched in the area. It’s the ultimate Colorado lifestyle in a premier location.

Denver

There is no place in America quite like the Mile High City.

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Denver’s enviable quality of life makes the city one of the most desirable places to live and work in the United States. With panoramic views of the majestic Rocky Mountains, more than 300 days of sunshine each year, and truly remarkable amenities, Denver consistently tops anyone’s list of great places to live.

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Residents of Denver are among the healthiest people in the country. The city boasts the nation’s largest park system, and residents enjoy the best skiing in the world each winter plus a wealth of recreation year-round, including hiking, mountain biking, rafting, fishing, camping, and more. Denver is a true sportsmen’s city by any measure with professional teams from every major sport, including Major League Baseball, the National Football League, the National Hockey League, the National Basketball Association, plus lacrosse and soccer teams. If this sounds enticing, you’re visiting the best website in the world to start searching for Denver real estate. Culture is in abundance. The Denver Performing Arts Complex and the Denver Art Museum are only two of the city’s many outstanding attractions. Culture is supported by the Scientific and Cultural Facilities District that funds these venues and more. Other key attractions include the nearby Red Rocks Amphitheater, plus the Denver Museum of Nature and Science just minutes from downtown. On the educational front, Colorado boasts the third highest percentage of college graduates in the country.

Animal lovers will appreciate the Denver Zoo with more than 750 species from around the world. Plant lovers will enjoy the Denver Botanic Gardens and more than 400 parks and pathways throughout the area. Shopping and dining opportunities are simply unmatched in Denver, and quality public and private schools are in abundance. On the real estate front, you will be hard pressed to find better housing diversity. Whether seeking new construction or an older home in an historic district, Denver has it all. From lofts and condominiums to Victorian mansions and charming bungalows, the perfect home is available in Denver. To view this diversity first-hand, contact one of the leading professionals with Kentwood Real Estate and tour Denver real estate with a knowledgeable real estate pro.

Denver appeals to everyone from the young in years to the young at heart. To its diverse population representing nearly every conceivable worldwide culture, to the region’s incredible beauty and legendary outdoor recreation, Denver and Colorado is truly a Mile above and beyond mainstream American cities.

Are you ready to make the move to the Mile High City? Then start searching Denver real estate today. It’s a move in the right direction.

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