10 Universal Things That Make Residential Neighborhoods Great

A Man's Home Is His Castle...

“Something to do, Something to love and Something to hope for…” 

My father offered this pearl of wisdom to me many years ago.  I’ve often found it interesting one’s home and family satisfy all three of these basic of human needs.

Generations have come and gone, they’ve experienced an array of diverse and divergent life changing events in their lifetimes, but one thing has always rung to generation after generation, being a homeowner.

I belived in my heart of hearts, that it is still true today.  Economic turmoil has come and gone before.  Multi-generational living has been common throughout history, and it is true again today.  One thing is certain though, as soon as economic circumstances permit, people will want to be homeowners again.  The dream of one’s own castle has not ended, it has just been postponed.  What goes around, comes around.

All that being said, what are the generalities making cities, neighborhoods, and communities great?  Here’s my list.  We all have different imprints from childhood, life’s lessons and years of experience.  I’d love to discuss your list of needs, wants and non-negotiables.  In the meantime, take a look at mine.

  1. Proximity to employment/transportation/highways:  This might not be the #1 item on a homeowners list, but for neighborhood residents, it is always in the top three.
  2. Proximity to quality schools:  Even for homeowners without children, they understand the resale value of good schools.  Moving forward, this may become even more critical to homeowners.
  3. Proximity to recreation:  If community pools, parks and recreation didn’t mean so much to buyers, new home developers would leave these benefits behind, but they seldom do.  Recreation bonds homeowners to each other and their family.
  4. Proximity to open space:  Open space makes a homeowner feel comfortable in areas of higher density.  From walking the dog, riding a bike or going for a run, open space is always a top 5 for the majority of homeowners.
  5. Proximity to child care:  One of the top reasons families become homeowners is because of their children.  With so many two income families, the need for child care is not going away.
  6. Protection from inharmonious non-residential uses:  Factories, industrial uses, some apartment uses, power lines, heavy traffic corridors, over flight traffic and heavy rail lines can limit the upward potential of a neighborhood.
  7. Access to entertainment:  Since this is not an everyday event for most families, this can be some distance away, but its nice if their is a Cineaplex down the street.
  8. Access to shopping:  I’ve heard people homeowners say, “I don’t want to be so far out that I can’t get a pizza delivered”, well, this is true for the grocery store and routine shopping needs too!
  9. Access to healthcare:  This is always something that homeowners consider.  Is there good healthcare nearby, and is it readily accessible?
  10. A reputation of being crime free:  Although in tenth place here, it could be #1 too.  Safe neighborhoods are always a top concern for long term residential appeal, resale values and community reputation.  So, although last on my list, for me it ranks #1.

With my Top Ten on the table, take a moment and comment on what your #1 item is for neighborhood appeal.  In the meantime, there is no doubt in my own mind; we will maintain 60-65% of our US households as homeowners.  Did you know Italy ranks as having the highest percentage of home-owning households in the world at 81%?



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Wheeler Lake – Park County, Colorado – Land Rover Trail Trip (I Hiked It!)

Wheeler Lake Park County, Colorado

Wheeler Lake Park County, Colorado

I met Will early Friday morning for a trail run to Wheeler Lake.  I had driven by the turn off to Wheeler Lake many, many times, but for some reason drove right on by.  But, Friday was a new day, the trail to Wheeler Lake would be eye opening!

We all met up in Breckenridge, CO near the North Gondola and rolled south on CO-Hwy 9 a little after 8:00 AM.  Land Rovers, Land Rovers and more Land Rovers as far as the eye could see and the camera could catch, there were Land Rovers everywhere.  Each row of National Land Rover Rally participants were lined up for a different trail for the day.  Our row was lined up for Wheeler Lake.  Ten minutes out of town, just south of Breckenridge, Colorado located to the south east corner of Summit County, we turn west onto the access road leading to the Wheeler Lake Trail-head.

Wild Flowers

Wild Flowers

It was a beautiful day, blue skies, alpine meadows of wild flowers, creeks running full even into August and relics from a day gone bye, the mining days.  Seems like every trail in Colorado offers a history lesson, a life lesson, a geography lesson and/or a geology lesson.  Colorado truly is Colorful!

As always, a picture is worth a thousand words, but a virtual tour is priceless.  Enjoy!

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2011 Mid Year Denver Residential Market Watch

2011 Mid Year Denver Residential Market Watch.

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Meat Balls, Toilet Brushes and Furniture, Oh My…

IKEA Signage in Centennial, Colorado 80112

IKEA Signage in Centennial, Colorado 80112

One visit to IKEA’s new store in Centennial, CO is all you need…. to realize that it is big, really big.  Not only that it is colorful, and full of people!!  There are no Lions, Tigers or Bears, but there are… Meat Balls, Toilet Brushes and Furniture, Oh My…

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Kentwood Real Estate Press Release Tells the Story

5690 DTC Blvd. #600W

Home of the Finest Realtors

KENTWOOD BLOG COPY – MARKET SHARE – JULY 27, 2011

———————————————————————————————————

Kentwood Real Estate Captures Major Market Share

of Million Dollar Properties Sold Through June 30th

    Kentwood Real Estate, Colorado’s Premier Real Estate Company, sold 87 luxury homes priced at $1 million dollars or more through June 30, 2011. A total of 270 single-family and condominiums sales in this price range were recorded sold in the metro Denver area by all real estate companies through June 30th. This gives Kentwood Real Estate a very significant 33.2 percent share of the market for homes priced at $1 million or more.

“We have always been a leader in the luxury home market while continuing to be a major force in all price ranges throughout metro Denver,” said Peter Niederman, Chief Executive Officer of Kentwood Real Estate. “To achieve this market share during challenging economic times is a major accomplishment, and it’s a testament to the expertise and knowledge or our highly experienced real estate professionals.”

Million-Dollar-Plus properties sold in June achieved a total closed volume of $104.2 million, according to recent market statistics. A total of 70 single-family homes were sold and closed in June at $1 million or more. The lowest sold price was $1 million, while the highest was $6.1 million.

The average sold price in June for luxury single-family homes was $1,501,916 compared to $1,636,291 a year ago. The average sold price for luxury condominiums in June was $1,258,375 compared to $1,050,000 in June 2010.

Total closed dollar volume for metro Denver through June 2011 for single-family homes and condominiums priced at $1 million or more was $407,030,104 compared to $415,222,819 for the same period last year.

* Source: Metrolist, Inc.

# # #

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2011 Mid Year Denver Residential Market Watch

Average Price Watch

Average Price Watch

OK, the first half of 2011 is officially in the books.  There is a lot to consider, but here is the synopsis of the Mid Year Denver Market Watch.

Average prices were mostly stable with MLS areas with increases and MLS areas with decreases.  Average price studies are always a “for what it is worth” proposition, but SSE which includes the luxury homes of Greenwood Village and Cherry Hills Village have posted 2 1/2 consecutive years of average price increases.

The ratio of Listings to Sales has improved dramatically, but it is still too soon to tell if we are out of the woods or not yet.  Either way, it is readily apparent that we are not replacing

Listings to Sales Ratio

Listings to Sales Ratio

our supply as quickly as we were, and this bodes well for a continuation of a more normal ratio of supply and demand with the ensuing potential of price stability and even “appreciation”!

We are seeing an increase in activity over $1M and from $750-1M, but this is still only a minimal increase.  SFR market share in this price range routinely exceeded 4% of the total market.  We are just now getting back to 3% of the total market.

For Condos, there continues to be a very weak market at the high end with the highest levels of inventory seen in the market place.

Foreclosure Activity Slowing

Foreclosure Activity Slowing

Foreclosure activity continues its slide to normalcy, but the fact that “short sale” transactions are interrupting many foreclosures, it is difficult to calculate the size of the distressed transaction market.

Finally, I have attached a June 2011 – Real Estate Market Statistics Update from Land Title Guarantee Company.

2011 Mid Year Denver Residential Market Watch

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Super Joe Hubert is back with his June, 2011 Denver MLS market wrap-up!

Super Joe Hubert

Super Joe Hubert

Joe is back with a June, 2011 Denver MLS Market Wrap-Up.  This closes out the first half of 2011.  More to come…tc

Listed below are Real Estate Market Update links for June, 2011 and a PDF attachment of likely MLS areas for DTC sales offices.

As a quick recap, Combined DTC MLS Areas – June 2011 had the following changes compared to June of 2010.

  • The Number of Closed Sales increased 2.1%, to 3,295
  • Average Days on Market increased to 99 days
  • Number of Active Listings decreased 18% to 14,215
  • Absorption Rate declined 16.3% to 4.2 months
  • Average Sold Price decreased slightly (from $299,375 to $292,230)

For more details on the combined MLS Residential Statistics, select the first link below titled “Total MLS” or feel free to contact me if you have anyquestions.

Sincerely,

Joe

TotalMLS
AllMetrolist Areas as one download
AuroraNorth (AUN)
AuroraSouth ( AUS)
Brighton,Fort Lupton (BFL)
Broomfield(BRM)
DouglasCounty West (DCW)
DouglasElbert Parker (DEP)
DouglasHighlands Ranch Lone Tree (DHL)
DenverNortheast (DNE)
DenverNorthwest (DNW)
DenverSoutheast (DSE)
DenverSouthwest (DSW)
DowntownDenver (DTD)
EastSuburban North (ESN)
EastSuburban South (ESS)
JeffersonCounty Central (JFC)
JeffersonCounty North (JFN)
JeffersonCounty South (JFS)
JeffersonCounty West (JFW)
JeffersonCounty Northcentral (JNC)
JeffersonCounty Southcentral (JSC)
Lafayette(LAF)
MountainClear Creek (MCC)
MountainConifer Pine (MCP)
MountainEvergreen North (MEN)
MountainEvergreen South (MES)
MountainGilpin County (MGC)
MountainJefferson County (MJC)
MountainJefferson North (MJN)
MountainJefferson South (MJS)
MountainPark County (MPC)
MountainPark East (MPE)
NorthNortheast Suburban (NNE)
NorthNorthwest Suburban (NNW)
NorthSuburban Central (NSC)
NorthSuburban East (NSE)
NorthSuburban West (NSW)
SouthSuburban Central (SSC)
SouthSuburban East (SSE)
Superior(SUP)

Land Title Guarantee Company | 5690 DTC Blvd. #650E | Englewood | CO | 80111 Add jhubert@ltgc.com to your safe senders list. Click here for directions


 

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Something very exciting is happening in Lone Tree today!

This is the most exciting thing happening in Lone Tree today!

This is the most exciting thing happening in Lone Tree today!

Last week, I was showing property in Lone Tree, Colorado.  My buyer found a couple of resales attractive, but like always, the sellers had made little or no relative effort to compete with the new homes being built down the street.  So, we went straight for the new home models.

The Overlook in Heritage Hills can only be describes as something very exciting.  First of all, the floor plans are unique, but familiar.  Second, like many enclaves, the site sizes can hardly be described as generous, but the indoor-outdoor spaces through architectural magic have clearly bridged the gap between privacy, utility and excitement.  That’s right, these plans are exciting!

There are 4 plans.  Each plan addresses specific buyers’ needs, but all 4 plans address all buyers’ wants.  One Ranch and Three Two-Story Plans provide enough choice that I found myself placing my own personal property in these plans.  The “Man Cave” in one of the models is really special!

Here are all the Heritage Hills – The Overlook Floor Plans, community information and a community map placing The Overlook within Heritage Hills.  Lone Tree has something very exciting happening and it’s called The Overlook.

HERITAGE HILLS – The Overlook

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Who lives in Aurora, but is closer to Parker?

Rocking Horse View

Rocking Horse View

Not far from Southlands Mall, not far from Main Street in Parker, not far from E-470, not far from Arapahoe Road and not far from Parker Road lies the community of Rocking Horse.  This unique enclave with an Aurora address but with a Douglas County location, it is clearly the bi-polar community in the Southeast Denver Suburbs.

Lennar Homes has numerous floor plans, standing new home inventory and there are even a few resales popping up.

The Rocking Horse Site Plan has numerous recreational amenities and community features that make for a community with what will enhance a long term residential appeal.  Just look at the list of activities, amenities and community supports available to the Rocking Horse Resident.  Rocking Horse Lifestyle

Look at the types of homes, floor plans and designs available already with more to come.  Rocking Horse Plans

I'm never too busy for any of your referrals!

I'm never too busy for any of your referrals!

Call me, and let’s take a look at this innovative community featuring interesting homes in an area of excellent access in Denver’s Southeast Suburban Corridor.

 

 

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What does the 4th of July mean to you?

4th of July, 2011

4th of July, 2011

Centered in the middle of our calendar is the 4th of July break.  What are you doing for the 4th?  Where’re ya going over the 4th?  Do you have plans for the 4th?  Today it will be What, Where and did you?

What’s important to me is what the 4th means, where is resides on the calendar and did I make proper use of it.

What I mean is first, I just love all those tear jerking Lee Greenwood type songs about patriotism, the National Anthem and God Bless America all have special meaning on the 4th.  They allow one’s mind to drift off to what really happened in this country during those early years, and it allows us to believe in the future of what this country could have moving forward.  I just love that stuff.  It always makes me a bit misty.

4th of July, 2011

4th of July, 2011

Second, the 4th just about splits the year in two.  If you didn’t get it done in the first half of the year, here’s a nice break, go get it done in the second half of the year.  It begs the question of what will I be thinking come New Years.

Last but not least, did I make proper use of the break?  This is always a tough one.  Family friends, activities, outdoor food and a gathering around a fire.  What more could one ask for?  Sometimes knowing the simple things in life are what make life worth living are the best things in life.  Don’t you think?

4th of July, 2011

4th of July, 2011

So, remember what our forefathers worked so hard for, protect it, enjoy it and make proper us of it.  I couldn’t ask for anything more.  God Bless America!

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