Summer is here! Soon we will be celebrating our Independence Day with family, friends and associates from our coastlines to lake shores and mountain tops! Our US men still can’t win at World Cup soccer, but then again, we are short a few hooligans. I’m sorry, but real sports do not end in ties!
So, what’s new? We are overcoming a market that was artificially stimulated by tax credits in late ’09 and into early ‘10. Basically, we stole buyers from the second half of the year with tax credits in the first four months. The good news is, we are overcoming this condition. Although 2010 is nothing like 2007 and prior years, it is coming around but at an entirely new price paradigm unfortunately.
Depending on the neighborhood, we can see anywhere from 10% to 50% of transactions being from the result of foreclosure. The good news is by most measures, this condition appears to be righting itself. It will be a slow process, and we still have one to three years left in this cycle. Much will depend on the economy, interest rates and employment trends in the metro area. And, don’t forget, in our perimeter communities we will still face the concessions of new construction competition as it will certainly return as well.
Believe it or not, this is an optimistic viewpoint. Other areas of our country are still deeply entrenched in this foreclosure cycle in all price ranges and communities. Some of our best neighborhoods have barely even seen a foreclosure run through. What have we learned? Has timing replaced location? How about this? We have a harmonic convergence right in front of us; timing, rates, prices and inventory! Location is still the most important factor in the decision making process, but aided by this convergence a buyer simply can do no better than right now. If you don’t own a home, my bet is simple; buy one soon or this window of a life time is going to shut right in front of your eyes!
This month I’m taking the opportunity to list a few of my clients/customers that offer great service, competitive prices and a friendly approach to doing business in the Denver Metro Area:
· Dawn Mortimer: Photography – firstname.lastname@example.org
· Shawn Kelly: Interior Design Solutions – email@example.com
· Ron Davis: Home Media – firstname.lastname@example.org
· Jerry Nelson: Handyman/Construction – email@example.com
· Scott Moody: Wood Flooring – firstname.lastname@example.org
· Mathew Rabii: Plumbing – email@example.com
· Doug Novatny: Mold/Restoration/Crawl Space – firstname.lastname@example.org
· Brien Schlomer: MudJacking – email@example.com
· Bo & Dawn: Air Comfort/HVAC – (303) 841-0211
· Josh Collins: Electrician – firstname.lastname@example.org
· Willy: Dwayne’s Appliance Service (303) 740-9027
Welcome to Foxfield, Colorado! The Town of Foxfield is located in Arapahoe County approximately 10 miles SE of Denver near the intersection of Parker and Arapahoe Roads. Foxfield’s close proximity to downtown Denver and the Denver Tech Center, their large lot rural residential horse properties, mountain views, independent spirit, small town atmosphere, and a growing commercial district make it a desirable place to call home. Here are the facts: Incoroporated…………….1994 Population.………………….900 Total Area(sq mi.)……….1.25 Number of homes.……….280
Although small, Foxfield is an active market with anywhere from 5-10 active listings at any given time. If you have a deeper interest, please follow this link to a history of sales activity over the last three years.
What is 4G and why all the hype? Here is a quote from the cnn.com website: “4G is a loose term for the fourth generation of cellular communications, offering speeds that are about 10 times faster than they are on current third-generation, or 3G, networks. Its higher data speeds could make Smartphones much more comparable to PCs, giving them better multimedia and gaming capabilities. In fact the new iPhone 4 will allow you to video chat, meaning instead of texting you can dial someone on your phone and look at each other while you are talking!”
Tip of the Month:
Go here to order a brush for cleaning the condenser coils.
Wow! Everything is too quiet…. June came in like a lion, but as we head into the holiday weekend, relative calm is upon us. Nobody is in the hospital; everyone is out of school for the summer; the hale storms have subsided; it’s a good life! Gainful employment seems to be the rule. The “lamb” has arrived. Here’s the rundown.
Dee’s is finished with her lacrosse tournament in Vail with great fun and camaraderie. Now, I’m going to get her up another 14er before summer is over.
Caroline’s iPhase3 had a very successful conference. They are putting together quite a potential customer base! It’s too early to predict success, but all the right ingredients are in place.
Andrew is busy working. As typical, he has more than one job going at a time. From food expediter at Lime to Farmer’s Market entrepreneurial enterpriser to cook at a camp, he’s doing it all this summer.
William continues to heal. He is a master at inventive liquid diet menus. It’s mostly good news. He is learning all sorts of things about diet, nutrition and food allergies. Just starting back on solid food has its ups and downs. We are optimistic about getting that sparkle in his eyes and big smile back. I’ll keep you posted.
I “bagged” another 14er this month. Torres Peak with Caroline and Dee. The day and the view were spectacular! I’m planning a 14er assault every month ‘til September with this big old body. Get on board, the more the merrier!
This will become a collection of things you can do to make your home more efficient:
Follow this link to a comprehensive presentation of year end market data at, The Denver Market Watch Year End 2009. You will find it informative! Also, Wells Fargo provided a very informative weekly update. I’ve uploaded it for you here: WEEKLY ECONOMIC UPDATE.
If your spouse, partner, family member, business associate or friend would like to be added to my Newsletter list, I’d be happy to oblige.
If on the other hand, you would like to be removed from my mailing or have it sent to a more convenient personal email address just click on sbeedederosa@DenverRealEstate.com and type add, change of address or remove in the subject line and Shelby will take care of you. My intention is to not intrude but to add value to your world.
BTW – Do you know someone who is considering buying or selling a home? If so, please give me a call and tell me about them. I would be honored to have the opportunity to help them realize their real estate goals.
As always, I couldn’t be more thankful for the positive feedback, numerous referrals and repeat business that has graced me over the years; Thank You!
Tom Cryer, SCRP
Broker Associate – Realtor
The Kentwood Company
5690 DTC Blvd., #600W
Greenwood Village, CO 80111