Tag Archive for: Denver

Tracy Shaffer
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DENVER HOUSING MARKET COOLS WITH THE SEASON

Denver Housing Market September statistisDenver housing market moves from a hot summer to a cooler autumn as seasons change. We see this every year, temperatures rise in spring and with them a flurry of buyers hurry to buy, sell, move and settle in before school starts up again. After August, as the heat subsides, there’s the correspondent cooling of the housing market as recent Metrolist numbers confirm. It’s cyclical and as predictable as the weather, meaning not at all. Here in Colorado, specifically in the Denver housing market, we’ve seen February price spikes, flat sales in June and the current bubble-pop-bounce-back of the past 18 months with increasing market stability. Settle in with your pumpkin spice latte, click on Metrolist link and see how they show and tell it best.
If you need further information on the Denver housing market, real estate values in your neighborhood, or the value of your home, I’d be more than happy to help.

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Tracy Shaffer
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Denver Home Prices Rise Again

According to the latest monthly Case-Shiller Home Price Index, Denver-area home-resale prices rose an average 9.1 percent in March from a year earlier. Prices were up 1.4 percent from February, reaching an all-time high. One reason for this, as you may well know, is that our inventory is still incredibly low. Last spring, when the market suddenly turned, we thought this was a fluke but a year out, this seems to be the new norm. Click here to read more in the Denver Business Journal.
What does this mean for you? SELL! I have clients who made a move up during the leaner years and if they were able to hold on to their first property and buy their second, that’s what I’ve encouraged them to do. Rental income and market appreciation made this a wise move for many and now that equity is allowing them to sell at a tidy profit. I’m all for real estate investing and for having a buy and hold strategy in your portfolio, but you need to ask yourself if that is the best use of your money right now. Sometimes an investment has peaked and/or life has changed drastically, providing other options or shall we say ‘rearranging priorities’?
Buyers and sellers are often hesitant to sell for fear of finding a replacement home and though the market is swift like a snowmelt stream, I’ve yet to move one of my clients into a hotel or a shelter. All things are negotiable.
So if you’re looking, or thinking about looking., selling or wondering if selling is your best option, I’d love to sit down and have a conversation with you.

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Tracy Shaffer
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Doesn’t Take a Crystal Ball to See Where Denver Real Estate is Headed

psycihicDenver real estate market is strong and hot like a cup of coffee. After years of waiting for home prices to rise, the Denver real estate market is elevated. So why are buyers and sellers so hesitant to make their move? Let’s blame it on the media. Screaming headlines make money when the sky is falling.
For those of you who are considering buying or selling a property, understanding the big picture is critical. So let’s take a look at where in the real estate cycle the Denver market stands.
You may think this tremendous seller’s market and super tight inventory is something new, something that’s going to come to a head and suddenly erupt overnight. Not true. We are FOUR YEARS PAST THE BOTTOM of our last real estate cycle. This is a logical continuation of a market that is reacting strongly to the overselling we saw between 2007 and 2009, and finally bottomed out in 2009. It’s doing exactly what real estate market cycles do, go up and go down over long periods of time. Remember, over the past 40 years residential real estate appreciation has averaged 6 percent per year and there is no reason to think that is going to change over the next 40 years.
If you think of market cycles in the short-term, spiking and crashing over short periods of time it’s easy to see the sweet meteor of death hurling toward your swing set, but a quick look at the last market cycle shows clearly this is not how real estate works. Real estate cycles over the past 40 years, tend to move in much broader periods, 7-10 years typically. This is why predicting short-term market movements can be very difficult, whereas assuming the market will move in 7-10 cycles is a bit more realistic.
The past four years of the upswing has been largely a sellers’ market. Plummeting inventory, rising prices, nervous buyers often involved in multiple offers, and happy sellers often getting the price they wanted. Buyers can be very nervous, reading news articles, watching TV reports, and figuring the market is teetering on the brink of a crash and being afraid to buy. Rents are skyrocketing, up 8 percent this year alone and renters may confuse the short-term media screeds about this tremendous market with the long-term patterns of market cycles, thinking that the minute they buy a home the market is going to crash.
woman-with-crystal-ball
I don’t see this. And unlike my clients who may buy or sell a home ever 5-10 years, I work in real estate every day. No one can predict the real estate market with 100% accuracy. I can’t, the Federal Reserve can’t, the banks with all the money can’t, no one can. But, understanding how market cycles work, and recognizing how low our current inventory is, I can say with confidence I do not see any impending weakness in the market over the next couple of years. We are four years into what will probably be a typical 7-10 year cycle of low inventory and rising prices. I can’t tell you what the Dow Jones will finish at next Monday. I can’t tell you if the Rockies will win their fifth game of the season. I can’t tell you what the weather will be on June 15th, but I can say with confidence that real estate tends to move over predictable long-term trends, and this market cycle has a long way to go.

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Tracy Shaffer
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STARZ Denver Film Festival Favorites

Grunge film frameAfter scouring the guide and culling the heard and overheard, here are my STARZ Denver Film Festival favorites…so far. Of course, it’s only day 3 and already my Thesaurus is dog-eared and coffee stained.

For the big movies, there’s nothing more fun than to see the next big thing before it’s been released in a theatre full of film buffs. So I’ve got all of them on my list:
1. Labor Day (see below)
2. Nebraska (Alexander Payne directs Bruce Dern. ‘Nuff said.)
3. August: Osage County (Okay, I’m not a big fan of Julia Roberts but I’m a HUGE fan of Tracy Letts. And who knows, she could surprise me.)
4. At Middleton (Adam Rodgers gets his debut feature film slotted into closing night of the Starz Denver Film Festival. It’s gotta be sumpin’)

Hanna Ranch and American Mustang top my list of beautiful, moving films that reflect my interests and the gorgeous state I call home.
GENE KELLY: THE LEGACY. I was raised on the back lot of M-G-M where the likes of Mr. Kelly would cruise casually into the barber shop or to lunch at the Commissary. This should feel like a home movie.
The Resurrection of a Bastard- Dutch. Thriller. Done.
The Truth About Emmanuel- This one could go either way but my part of Denver Actor Project screens before so I’m there.
The One Who Loves You- Denver actor/director Katharyn Grant’s Indie love story because I hope it’s great and there is a cadre of Denver talent in the cast.

And then there is the element of surprise. I love to pick a day, a time, a venue and then jump in and see the film I know nothing about. It’s like buying a wine you’ve never had and the thrill of reaching beyond what you know is…thrilling. So there will be some of that throughout the week.

What I’ve seen:

Labor Day. Festival opener had me floored from the main title. Based on the novel of the same name by Joyce Maynard, Labor Day hits a place of intimacy and then stays there. One look at the state of single mother, Adele (Kate Winslet), and you can feel her heartbreak in the relatable way that says “that’s about two houses down from me”. When a bleeding stranger presses himself upon her son seeking refuge, she allows it. Or does she? I talked to many of the movie-goers at the opening night party who felt (quite adamantly) that a mother never would have done that. I saw it differently. I saw a woman whose stunned state of sorrow had stripped her of her strength. Earlier in the afternoon, I sat down with Joyce Maynard and we discussed this very thing. “The loneliness of Adele, her deep sadness, that part comes from me. The rest, of course, is fiction.” I could relate. Especially when the bleeding stranger is Josh Brolin. Labor Day is a love story. It should be no surprise that they will fall in love, what is surprising is how lovely it is to watch them do so. Look for my full review on Huffington Post

Gloria– Chilean film, takes place in Santiago, award-winning actress and a story of a woman who defies society’s definition of age… or so the promo says. I did enjoy this film though it’s filled with a lot of mundane tasks so you’re thinking, “Okay, she’s vacuuming her car. Uh-huh, she’s singing on the way to work…”. Having seen a number of ‘coming of a certain age’ stories, I don’t know what to think anymore. Is it all about regret? The one who got away? Getting your ‘groove’ back? Seems like there’s not much else we see or write about when it comes to the middle-aged, divorcee and as one, that depresses the hell outta me. Gloria differs in that she takes the ball in her own hands, frequenting a dance club filled with age-appropriate men. (Must be unique to Santiago;-) Finding one she particularly likes, she ventures into a sexual, and then loving, relationship with a man who cannot relinquish his past. Particularly the dependent ex and his grown and spoiled daughters. Gee… this sounds like a match.com story. Gloria shows the wisdom of maturity as she deals with a lover who is less so, leaving me to believe she’d rather be alone with a hairless cat and a joint than in love with a man who’s a child. Good point. Still kind of depressing.
Dallas Buyers Club. This was a surprise screening for Reel Social Club members, none of whom knew what film it would be until the doors opened. I was ready to pack up and head for the Late Night Lounge when the announcement came. I’d heard of the film months ago but wasn’t really paying attention. Saying goodbyes and grabbing a ticket, I missed the main title. I had no idea who Matthew McConaughey was for the first 20 minutes of the movie. That’s how good he was (and how much weight he’d lost). He and Jared Leto absolutely KILL it in a semi-biographical film about Ron Woodruff, a homophobic Texan who contracts the HIV virus and takes it down like a bull rider. Due to the historical nature of the story, [Woodruff was the one who took on the FDA and AZT, traveling to Mexico and Japan to bring in Interferon and Peptide T which paved the way for the lifesaving “cocktail”] there are some overly expositional bits but the film is not to be missed for the MM and JL performances.

Whether you buy a single ticket or a VIP package, the STARZ Denver Film Festival experience it worth the price of admission.

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Tracy Shaffer
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Starz Denver Film Festival to Ride the Wild Pony With American Mustang

Grey-and-Brown-Horse-in-FieldIn popular culture there is topical, there is trendy and then there is timely. Three days before the Starz Denver Film Festival premiere of director Monty Miranda’s American Mustang and it the news is covered in horse…stories. The Atlantic calls out the Secretary of the Interior, Federal Appeals Court Halts Slaughter— the pounding of the activists hooves rising in defense of the wild horse.
American Mustang is a character-driven narrative about a young girl, a cowboy and a wild horse, woven with documentary style 3-D footage from the open ranges of America’s West. Denverite, Writer and Co-Producer, Henry Ansbacher, teams up with Executive Producer/Co-Writer, Ellie Phipps Price to create memorable characters from extensive interviews with those on all sides of the wild horse saga. Phipps Price spent her early years in Colorado and it was at the BLM holding facility in Canyon City where she adopted her first mustang, Dunstan. Passionate about the plight of this American icon, Ms. Ellie Phipps Price had the idea to create a film to raise awareness of wild horse preservation. She has rescued over 172 wild horses, creating a 2000 acre sanctuary to house and protect them in Northern California.
This is not Director Monty Miranda’s first rodeo with the Starz Denver Film Festival, as SDFF30 featured his directorial debut with the comedy, Skills Like This. Miranda takes a beautiful turn here with American Mustang . His breathtaking images, shot in 3-D on the open ranges of eight western states, braid the history, mistreatment and majesty of the mustang, juxtaposed by the Bureau of Land Management round-ups and the captivity that is often their heartbreaking reality. Narrated by actress and activist, Daryl Hannah, American Mustang is, in turns, sweeping and intimate; a visually stunning love song and call to action.
American Mustang premieres Thursday November 7, 7:00 pm at the UA Pavilions with screenings Saturday Nov 9 at 2:00 pm (UA Pavilions) and Sunday Nov 10, 7:00 pm at the Wildlife Experience* *Note: Tickets for this screening only available at www.thewildlifeexperience.org

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Tracy Shaffer
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1048 Garfield as Young August Sees It

I used to give my sons a box of Crayons and some newsprint, now it’s a zip file and video software.

 

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Tracy Shaffer
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But My Brother’s Wife’s Uncle’s Best Friend’s Daughter Sells Real Estate…

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Tracy Shaffer
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Before I Die… A Community in Communion

Before I die, I want to… rsz_before_i_die
Driving the streets north of Downtown Denver one might turn some dodgy corners. The gentrification of Curtis Park, Ballpark and Five Points neighborhoods has pushed up real estate prices as artist lofts and galleries, restaurants and the urban infill townhomes that follow, found their place beside the old Victorians. This quilted mix of luxe and lush is what gives the area its unique charm, but if you’ve ever stopped at a red light near one of the triangle parks you may have wondered… why doesn’t somebody clean that up? Often dirty, neglected and filled with those for whom a triangle in traffic is as close to home as they have, these inauspicious spaces have fallen through the cracks. So, whose responsibility are they?
Meet the Community Coordinating District No. 1, whose job it is to transform these hot spots into vital, safe and manageable environments for those who live and work in the area. Community works best when in communion; yet all too often disparate interests work, immune to or in spite of one another, making civic progress slow if not impossible. Created as an ad hoc adjunct “collaborative policy platform”, the CCD brings together government, public, non-profit and private sector organizations to facilitate those public improvements which are often dreamed up and less often realized. Adding working capacity to city-led initiatives, creating opportunities for revitalization and economic development, the CCD will scout out areas of the city that need attention and make sure they get it. Think of them as Denver’s Den Mother.
Born in 2010 as the brainchild of a collection of civic visionaries who’d been trying for decades to improve the areas northeast of Downtown Denver, the Community Coordinating District works across geographical boundaries to unite community stakeholders and thoughtful partners to leverage their assets, pool their resources and more efficiently effect change throughout the city.
Targeted areas of enhancement are Eddie Maestes Park directly across from the Denver Rescue Mission at Park Avenue West and Broadway. Long known as a staging area for the homeless, the park has been riddled with crime and drug-related activity. Rather than just “displace” these issues, the District is exploring opportunities for positive change and working through plans to implement them.
Last summer, Sonny Lawson Park gained some renewed energy with the installation of “Before I Die”, a world-wide, interactive art piece by Candy Chang . The interactive mural is like a giant blackboard with the words “Before I die I want to…” painted on it as a universal writing prompt. Visitors are encouraged to pick up a piece of chalk, reflect on their lives, and share their personal aspirations in a public space. The original Before I Die… mural was installed in New Orleans, where Chang transformed the side of an abandoned house in her neighborhood into a giant chalkboard and stenciled it with the sentence. By the next day the wall was entirely filled out and it kept growing. The wall turned a neglected space into a constructive one where neighbors had an outlet to get to know each other and remember their loved ones.
Having been installed in more than 20 countries around the globe, Candy Chang’s Denver incarnation has made its way downtown, where it lives outside the newly renovated McNichols Building at the corner of Colfax Avenue and Bannock, inspiring denizens through February.
The Community Coordinating District offers many opportunities for civic engagement and public participation through its weekly Monday morning meetings, volunteer ops and upcoming events. Strategic partnerships with Arts & Venues Denver, Department of Health and Human Services, Department of Parks and Recreation, Denver Police Department, Department of Public Works, Denver’s Road Home, Ballpark Neighborhood Association, City Parks Alliance, Curtis Park Neighbors, Denver Biennial of the Americas, Denver Rescue Mission, Redline Gallery, St. Francis Center, Denver Shared Spaces, Ballet Nouveau Colorado/Wonderbound, Betterweather Inc., Dept. of Community Planning and Development, City Councilwoman: Judy Montero and City Councilman Albus Brooks, promise to keep it interesting.

“Before I die…” was brought to Denver through a partnership of Arts and Venues Denver, the Community Coordinating District, Rocky Mountain College of Art and Design, and Denver Design Build LLC. For more information on Denver’s Public Art Program, click or call 720-865-4313.

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Tracy Shaffer
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The Game of Having Game

rsz_football-big-thumbIt’s Friday night. The Broncos are in the playoffs and the Mile Hi City is tickled…orange. In Denver, we take our football seriously. Denizens will brave tomorrow’s freezing temps to celebrate at pre-game tailgate parties and freeze their own tails in the stands, while the taste of beer, brats and a Broncos victory creates an excitement that is palpable. It hasn’t been easy for fans the past few years; roster changes, close calls and heartaches have sent tears streaming over many a blue and orange painted cheek.
So does it take to push yourself over the goal line when your adversaries are strong and your opponents worthy? Sometimes it’s a matter of luck and game. He who wants it the most wins, and as Annette Bening famously shows us in American Beauty… The same goes for real estate.

Hopefully we’re not in character Carolyn Burnham‘s situation, but we can relate to her state of mind. I know I can. It’s not been an easy ride on housing market roller coaster, but now Denver has plenty to be excited about. The real estate market is one of the strongest in the nation, leading the way through the recovery. Home prices up 6.87 percent over a year ago according to the latest Case Schiller report, and mortgage interest rates are looking to remain low through 2013.
There have been times over the past few years when I wondered if it would change and how long it would take. Seeing people suffer has been difficult, helping them through it, gratifying, and somehow… on a wing and a prayer, by luck, pluck, with great cheerleaders and sheer force of will, we’ve made it…just like the Broncos.
It’s coming on game time. GO TEAM.

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Tracy Shaffer
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Undecided? I don’t get it.

It’s late October in a very tight presidential race. Pols shift twice in the same day and the election is coming down to swing states and undecided voters, though I’m not sure exactly who these people are. The issue is not that the Democrats and Republicans have successfully laid out their vision for the next 4 (or 8) years, because neither of them has been too clear on that, or that I don’t think it’s really important and has a profound impact on my future, because it does. I know. It does. The issue is… I can’t decide. Really?
I consider myself decisive and spontaneous in general, but I am slow and deliberate when it comes to making the big decisions, gathering all available information and trying on perspective outcomes in the dressing room of my mind. When weighing out the cost/benefit ratio of a situation, what is it that makes one finally take a stand, or take action?
The word ‘SALE’ has some power over me, at least it gets my interest. Once piqued I am swirling through the— Do I need it? Do I want it? Does it solve a problem? Is it cheap enough?— cycle until either I buy or walk away. Even when that “One Day Only!” sale fills me with a sense of urgency, I know I can always come back…like to next month’s “One Day Only!” sale.
So what about the big things? Deciding on a president or buying a house? (You knew I’d go there)
I have binders full of buyers, debating over whether or not its time to get off the fence. Right now Denver Colorado is in the top five cities leading the housing market recovery. Home prices are rising steadily, foreclosures are in decline, inventory is low, the home affordability index is high and the money’s on sale. What questions do you need to ask yourself before you take the leap?
Beyond the “One Day Only!” hype, buyers who’ve waited for the market to hit bottom (so two years ago) have a sense of urgency to make a good investment before the window of opportunity closes. With the release of pent up demand (sounds very “Fifty Shades of Grey”, doesn’t it?) sellers who’ve waited out the storm have built back some lost equity and are feeling more confident their home will fetch a fair and decent price. There are more bidding wars and high-demand neighborhoods than I’ve seen in five or six years and that feels good. The crush of summer housing sales gives way to autumn when the market slows a bit, leaving the serious buyers and sellers. Its a very efficient time for me as a real estate agent, often producing my best quarter.
I know home ownership is not for everyone, nor is real estate investing, but when you’re in an historical sweet spot to buy and hold real estate, it may be time to make a decision before you turn into a pumpkin. As for that voting thing… oh, I’m not goin’ there.

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