The City of Centennial, Colorado Announces “TopGolf”…tc

 

Topgolf  Announces First Colorado Location

The entertainment venue confirms it will break ground on Centennial site this month

DENVER – June 11, 2014 – Golf entertainment leader Topgolf International, Inc. today officially unveiled Centennial as its 21st location worldwide and first in Colorado. Topgolf® will begin construction on the 65,000-square-foot facility at the end of the month; the site is expected to open to the public in early spring 2015.

Topgolf Centennial will be located at the northeast corner of South Havana Street and East Easter Avenue, a few miles from the Denver Tech Center and approximately 20 minutes from downtown Denver. Topgolf is the only entertainment center of its kind, offering competitive golfing games for all ages and skill levels and advanced technology to track players’ shots. Those who just want to relax can enjoy the upscale, laid-back ambiance that boasts more than 230 high-definition flat-screen TVs and an extensive food and beverage menu.

“The Denver area is a perfect location for an outdoor recreational activity like Topgolf since the city offers a fantastic climate with more than 300 days of sunlight each year,” said Topgolf Chief Development Officer Randy Starr. “We are very excited to bring our unique concept to Centennial as it will offer another active entertainment venue for residents and corporations.”

The new three-level location – constructed by ARCO/Murray – will include up to 3,000 square feet of private event space and 102 climate-controlled hitting bays that can host up to six players at one time. Starr estimates that Topgolf Centennial will serve approximately 450,000 visitors in its first year of operation. Nearly half of all Topgolf guests describe themselves as “non-golfers.”

“We are excited to welcome Topgolf to our community,” said Centennial Mayor Cathy Noon “They have a real vision and are working hard to develop the site into something amazing. Their unique brand of golfing and entertainment is sure to become a destination venue, creating even more character along the Arapahoe Road corridor in Centennial.”

Founded in 2000, Topgolf welcomed its 10 millionth visitor in history last November. Topgolf’s economic impact in its local communities is also remarkable, creating hundreds of jobs at each location and serving as an anchor tenant that tends to attract other popular franchises to the area. In fact, its economic output in Centennial alone is expected to exceed $264.5 million over a 10-year-period, according to a third-party audit.

“Topgolf fits perfectly into our extensive list of sports-oriented businesses in Centennial,” said City of Centennial Mayor Pro Tem Ken Lucas. “I think the area will embrace it with enthusiasm and will be amazed at the technology, format and great food that Topgolf is famous for. As a golfer, I am looking forward to introducing all of my golfing friends to all the fun and entertainment that Topgolf provides.”

Residents can track Topgolf’s site progress in Centennial at facebook.com/topgolfcentennial and @topgolfdenver on Twitter and Instagram.

About Topgolf

Topgolf is the emerging global leader in golf entertainment, with 13 locations serving more than 2.7 million guests annually. Players hit golf balls containing computer microchips that track each shot’s accuracy and distance while also awarding points for hitting targets on the outfield. Each facility offers an upscale, laid-back experience that features climate-controlled hitting bays and an impressive food and beverage menu crafted by an executive chef. Mix in dynamic event spaces for groups of all sizes, and Topgolf stands as the premier entertainment complex where the competition of sport meets the neighborhood’s favorite hangout. To learn more about Topgolf, visit http://www.topgolf.com.

Nearby: Vallagio Resort Collection by Metropolitan Homes

 

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Don’t Be That Guy!

Tax Wordie 2012

Don’t Be That Guy!

Are You Ready for Summer

Are you ready for summer? Apparently, we will not be getting spring this year. Although our lawns are turning green, our trees are starting to leaf and our Daffodils are pushing up through cold dark earth our April showers have been snowstorms. I’m a little concerned about our “May Flowers”…

One of the first expressions I ever heard about living in Colorado was, “Predicting the weather around here is for fools and newcomers…”.

Our residential market is just as complicated. Choosing homeownership is not without it’s pitfalls. It is certainly not for “fools and newcomers”.   Just to name a few pitfalls; radon gas, broken sewer lines, cracked heat exchangers, encroachments, insolvent homeowners associations, resale-ability, valuation concerns in an appreciating market and more. Here’s some advice. Don’t go into this market unarmed!

Don’t Be Like Mike! 

During the Great Recession, when interest rates and home prices were rock-bottom, Mike looked at dozens of homes, but failed to buy, worried he would be stuck with a home that would continue to drop in value. Fast forward to April 2014. Mike is still renting. He considered moving to a new apartment community along Denver’s southeast corridor. He found one with a one-car garage for $1,420 a month. He called back three weeks later and the price was $1,750, a 23.3 percent jump.

Last year, overall apartment rents rose by 8.9 percent, just about the same as home prices in the Denver area. How is it possible that Mike would see almost three times that increase in only three weeks? The answer is, “Renting an apartment is like buying a plane ticket”.

Increasingly, big apartment owners use software to match the price of units based on what is available and what the market will bear. Supply and demand is down to a science and is much more efficient than with the housing market. In effect, during the past five years, Mike has been paying off his landlord’s mortgage instead of his own. Given rising rents, he decided to give home buying another shot. It was an eye-opener when he learned first-hand that reports of the housing shortage were not exaggerated.

Yet, there is a silver lining for Mike and other renters who would be better off buying: they don’t have to worry about the complicated juggling act of buying and selling a home at the same time. Renters, however, shouldn’t try to buy a home on their own. With so little inventory, more than ever they need an experienced Realtor to help them map a strategy and navigate this market, where demand far outstrips supply.

Mike has learned his lesson. “I’m kicking myself,” for not buying, he said.

2014 Denver Free Days!

Looking for something to do? Check out Free Days for great Denver sights like the Denver Zoo, Denver Art Museum, the Museum of Nature and Science and more! Click Here for the full schedule.

Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Colorado, Denver, Denver Market Watch, Denver Residential Real Estate, Greenwood Village | Leave a comment

What’s New in Castle Rock – Cliffside by Village Homes

Clilffside by Village Homes

Clilffside by Village Homes

Just a few miles northeast from Founders Parkway and I-25 lies a mesa overlooking the town of Castle Rock.

On this mesa, Village Homes is well positioned to deliver new single family homes with overlook views and access to the cliff’s edge.

Clilffside – Castle Rock

 

 

 

 

Posted in Buying or Selling Real Estate, CASTLE ROCK, Centennial, Cherry Hills Village, Colorado, Denver, Denver Housing, Denver Residential Real Estate, Greenwood Village, New Homes | Leave a comment

New Contracts Continue to Outpace New Listings 2/22/2014

Search and Live Local

Search and Live Local

Listings going under contract exceeds new listings going on the market over the last 7 days by more than 40%.  This means our shortage of inventory will continue.

New Listing (987)
Back On Market (216)
Price Increase (109)
Price Decrease (480)
Under Contract (1447)
Withdrawn (80)
Sold (821)
Expired (151)
Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Residential Real Estate, Greenwood Village | Leave a comment

Contracts Exceed Listings 3-17-2014

Over the last 7 days, Under Contract activity has exceeded new listings by more than 40% again!

New Listing (950)
Back On Market (199)
Price Increase (101)
Price Decrease (473)
Under Contract (1470)
Withdrawn (101)
Sold (824)
Expired (149)
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Year to Date 2014 Luxury Home Market Results

Denver’s Luxury Home Sales 2-2014

Champ Bailey's House

Champ Bailey’s House

It appears the shortage of choices is having an impact on the number of sales over $1M so far this year.  I’m going to predict a little catch up in the next 60 days.  Let’s see if I know what I’m talking about.  Any bets out there?

Posted in Buying or Selling Real Estate, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Residential Real Estate, Greenwood Village, Lone Tree, Luxury Homes | 1 Comment

Four Generations of Homeownership (Soon to be 5)

With 10,000 turning 65 everyday – Four Generations of (Soon to be 5)

ExpandFour Generations of Homeownership (Soon to be 5).

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Is #Denver an Island #Paradise?

Denver Panorama Fall 2013

Denver Panorama Fall 2013

These days there is more chatter to decipher, and more bugle horns sounding countless “points of view.” All the conversations seem endless, and irreconcilable since today’s conclusions are kicked and tossed around by tomorrow’s new bits of data. All is in flux. Peyton Manning is one thing one day, and another the next.

Is it possible that Denver, Colorado is an “Island Among Cities” where paradise really is right around the corner?  I think so.  I often tell people, “Denver is 500 miles from nowhere, and that’s a good thing”.  Think about it.  Drive in any direction from Denver for 500 miles and ask yourself, “Where am I”.  I think you’ll agree, Denver is an island paradise floating alone on the high plains at the base of the Rocky Mountains.

What do you like to do?  Sports, recreation, arts, beers, wines, organics, , politics,

outdoor life?  You name it, we are only a short distance from it all.  Six major professional sports, Red Rocks to Rockies, world class impressionists to natural history, beers, wines and whiskies right here.  Ski areas just a couple of hours away with world class resort amenities or peaceful trails through the most exciting mountains around.  From Telluride to Aspen, to Vail to Breckenridge to Winter Park and more, the Denver resident has access to them all.

Shade Tree PetsWith Fifty Three world class mountains over 14,000 feet above sea level and hundreds more over 12,000, we really do enjoy an authentic Rocky Mountain High even without our dispensaries.

Today it is 15* outside and snowing.  Maybe that’s why I want the idea of an island paradise to hit home so hard.  But, tomorrow it could be 60* with brilliant blue skies.

Everyone has their own idea of paradise.  What’s yours?

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Denver e-News January, 2014

Last year, buyers snapped up a record 54,024 homes in Denver!

So what, you might ask?
Here is another way to look at it: that is almost equal to all of the homes in Littleton and Boulder. When you think that the equivalent of two major cities along the Front Range traded hands in 2013, that is pretty impressive.
The number of sales jumped 16.7 percent from the 46,299 home sales in 2012, but the dollar volume rose by a whopping 28.5 percent. That is similar to the type of returns the stock market made last year, leading to headlines and water cooler chatter about how much money our 401(k)s rose last year.
By the numbers, a record $16.58 billion in homes sold last year. This not only eclipsed the $12.9 billion in 2012, but was $1.6 billion more than the previous record of $14.94 billion in total sales in 2005, in non-inflation adjusted dollars.
There was a lot of pent-up demand from consumers who wanted to buy their first home or move-up. One of the reasons that prices were so high is that consumers who were more confident with the economy and their own jobs had few homes to choose from last year.
At the end of December, there were only 7,706 homes to choose from. That marked the lowest inventory number for any December in history. Earlier in the year, there were so few homes on the market that bidding wars became an every day event. Homes in some hot neighborhoods were selling for tens of thousands of dollars more than the listing price.
For the sellers, of course, that was great. Especially since a few years earlier, during the Great Recession, no one was beating down their door to pay higher than the asking price. There were so many foreclosures and short sales available they were driving down the prices of homes that had equity.
Some people ended up on the losing end of a bidding war four, five or six times. No doubt some of those people were able to eventually find their dream home, while others took a breather from the frustrating and stressful time. Those in the latter category may very well be back in the market this year. And if the economy continues to pick up in 2014 as most economists and market watchers expect, there will be even more people who want to buy a home. However, if the economy does improve and unemployment continues to drop, it is all but certain that interest rates will rise.
That means if you are thinking at all to buy a home, don’t wait. Call me and let’s start looking for a home. The longer you wait, the chances are the more you will pay.

To find more information, photos, and current real estate market data for popular cities across the Denver Metropolitan Area, please visit our Metro City Info page on DenverRealEstate.com

To see this information in graphic form click here.

Market Movers

  • Last year was truly one for the record books, as home sales set records for prices and sales..
    Read more >>
  • It’s almost hard to believe that Denver could show a 9.5 percent, year-over-year gain in home prices and only be ranked 15 out of 20 cities in the latest Case-Shiller index. But local Realtors are glad Denver is not showing the huge gains of other cities, such as Las Vegas and Phoenix.
    Read more >>
  • Twenty story condos could be built at the former hospital site at St. Anthony’s by Sloan’s Lake. Some neighbors love the idea, others hate it.
    Read more >>
  • Despite anticipated rising interest rates, economist are predicting a “resurgent housing sector” will lead a strong economy this year.
    Read more >>
  • New home sales activity remains brisk in the metro area, with permits up 22.3 percent in November when compared with the first 11 months of 2012.
    Read more >>
  • It’s not just downtown. Cherry Creek North is experiencing its biggest building boom in decades.
    Read more >>
  • It was the best November on record for home prices, according to a report from Metrolist.
    Read more >>
Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Residential Real Estate, Greenwood Village | Leave a comment

Super Joe Hubert Is Back with the LTGC Market Recap for 2013

Super Joe Hubert

Super Joe Hubert

Hi Tom, Happy New Year! I’m sure we can all agree that 2013 was an amazing year in real estate for the Denver market. Records were hit that haven’t been seen in decades. Denver has become known not just for its record breaking quarterback but also as one of the top cities that made the biggest housing comebacks in 2013. Featured in this month’s newsletter is a recap of the year in review for the Denver metro market based on data from Metrolist Inc. Many zip codes across the market saw large increases in the number of homes sold and average sold price.

Land Title looks forward to helping you grow your business for another amazing year in 2014!Go Broncos!Sincerely,
Joe

MLS Report: 2013 Detached Single Family Metro Denver Market Summary

Click here for the 2013 Detached Single Family Market Stats Zip Code Summary Click here for the 2013 Detached Single Family Market Stats Summary Top 5 zip codes with Increases in Homes Sold 2012 vs. 2013

  1. 80215 – 54.2% increase in homes sold
  2. 80260 – 48.7% increase in homes sold
  3. 80021 – 46.4% increase in homes sold
  4. 80007 – 44.3% increase in homes sold
  5. 80018 – 42.1% increase in homes sold

Top 5 zip codes with Increases in Average Sold Price 2012 vs. 2013

  1. 80204 – 27.5% increase ($237,027 in 2013)
  2. 80010 – 26.1% increase ($136,295 in 2013)
  3. 80221 – 23.4% increase ($184,785 in 2013)
  4. 80231 – 23.1% increase ($436,969 in 2013)
  5. 80011 – 20.7% increase ($156,124 in 2013)

Top 5 zip codes with Decreases in Average Days on Market 2012 vs. 2013

  1. 80230 – 61.0% decrease (40.1 average days on market in 2013)
  2. 80122 – 55.8% decrease (34.1 average days on market in 2013)
  3. 80209 – 53.8% decrease (37.2 average days on market in 2013)
  4. 80033 – 53.7% decrease (38.7 average days on market in 2013)
  5. 80130 – 51.3% decrease (24.2 average days on market in 2013)

Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. Does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market. Current Week Foreclosure List: January 10, 2014 in Excel January 10, 2014 in PDF Thanks Joe!

Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Colorado, Denver, Denver Housing, Denver Market Watch, Denver Positive Perspective May 2009, Denver Real Estate, Denver Residential Real Estate, Greenwood Village | 1 Comment