Tag Archive for: Highlands

I’m moving! Well actually, I am planning to move. Next year. That’s how long it will take me to prepare my current home as a rental, give the tenants in the other house notice, and most importantly, let my son finish eighth grade at his current school. The idea came to me this summer when my old friend/former neighbor/current client called to discuss her options regarding the inspection objection on her new home. “We’re sitting in the backyard having wine. I wish you were in the hood, you could come over.” And that’s when it hit me; I’m too far away from my friends! I’ve been rumbling a plan around in my head since then, but I knew it was in the cards when my thirteen year old jumped in the car one day and stated, “Mom, I don’t think these suburban kids are my people.” Oh, I feel ya, babe.
Moving to Denver from Los Angeles, we settled in to Congress Park for the first ten years. The boys went to Denver Public schools and loved them. I loved the sense of community I felt; summers under the elm trees at the Congress Park pool, cool autumn evenings on the soccer fields, and all the school activities with the kids and parents I was growing up with. I felt safe, and I felt loved. People got my sense of humor, we shared our sorrows, our secrets and our extra tomatoes when the gardens were good. As our family’s needs and the market changed, we crept slowly southward. I kept the boys in Denver Public Schools as long as I could but the daily commute in the winter was fraying my sanity and my tread. I began to notice my urge for the urban as I kept putting buyers into my favorite neighborhoods; Park Hill, Congress Park, Washington and Platt Parks, Mayfair, (I could go on) but never realized it was all part of my secret plan. Now that Gabe has decided he wants to forgo the big suburban high school experience to attend East with his best friend and the other members of his “tribe”, I’m out of the walk-in closet and all in!
I grew up in the suburbs, have nothing against them in general or my neighborhood in particular. Actually I like it here in this funky little sweet spot called Dream House Acres. Free from the covenants and cul de sacs that make me claustrophobic, I love the wide, hilly streets, the mid-century modern houses and the mountain views from my back patio. I don’t even mind the 20 minute commute when I choose to make it; I’m just a city girl. I need the proximity to the arts and cultural centers, the theaters, restaurants and farmers markets that pop up spring through fall. Most of all, I need to be around a wide variety of people and the sense of community that Denver offers.
Why do I bring this up, you ask? As a real estate agent, I spend my days and into the nights helping movers and shakers change up their lives. While I’m focused on the business of buying and selling homes that make these moves worthwhile, my clients are focused on the mental, emotional, physical and financial planning that leads up to a big change in your habitat. Following a page out of my own playbook, I’ve pulled out the Task Timeline Template which I lovingly bestow upon my clients.

I have completed phase one; Making The Decision. Phase two, Preparing the House, will take much longer; pulling up carpet, throwin’ down a little love on the hardwood floors, the painting, slight upgrades to the kitchen and baths…slight? Who am I kidding? And along the way,I will partake in my favorite slice of Virgo heaven— PURGING! When you think about it, there is no way to move without making a decision about every single thing you own. What stays, what goes, how many sets of socket wrenches do I really need, will I really wear this? Thank god I have a year.

Taking the time to wrap up the dishes and the memories this house holds, I will be mindful to keep the valuables and leave the rest behind. A fresh coat of paint, like a white sheet of paper, lets the new occupants write their own stories on these walls (not in the literal sense, I hope), as I move forward to the next chapter of life. Painting the new place.
If you’re ruminating on such things~ buying or selling, up or downsizing, Spanish Olive vs. Navajo White~ give me a call. We can share tips as we scrub grout and fantasize about the new digs. After all…I’m improving my skills just for you.

Saying The Denver real estate market is hot is like saying that the U.S Congress works together in perfect harmony…except, the first statement is true. It will take a while before Denver home buyers believe it, but it is a Seller’s market…and a buyer’s market, too. Huh?
It sounds like a paradox but in fact it perfectly describes our current Denver Metro real estate market. Here’s how:
In the market below $300k where 80% of the homes are sold it’s a blistering seller’s market. You heard it right, a seller’s market! There are only three months of inventory sitting on the market right now, where six months is considered a normal, balanced market. There are simply more buyers than sellers right now and this is translating into multiple offers on listings, sales prices often well above asking prices, and marketing times plummeting.

Particularly hot is the market below $225k, which has only two months of inventory. It’s not uncommon for a listing to have 10 showings and a full price offer in the first week. There are a number of factors that have caused this dynamic, one of which is the dramatic reduction in the number of bank-owned and short sale properties on the market. This reduction in distressed inventory has left regular home sellers in a great position and contributed to the sizzling seller’s market.

Ok, so we know it’s a seller’s market. Then, how can it also be a fantastic buyer’s market at the same time? It is, because according to the National Association of Realtors the Home Affordability Index is at its highest recording ever. Just like it sounds, the HAI is a measure of how affordable homes are in a given area. It’s calculated by comparing the median price of a home in the Metro Denver market to the median worker’s income level, taking into account the current interest rate for a 30-year fixed rate loan. What this means is that the median income earner can buy more house today than ever before. Why? Because home prices, while rising quickly, are still well below their peak prices of 5-6 years ago and interest rates are at never-before-seen historic lows. Take it all together and the average home on the market HAS NEVER BEEN MORE AFFORDABLE.

So, while it seems like a paradox that it can be both a great time to sell and a great time to buy, it’s actually quite true. Call me and I’d be happy to explain more how we got to this state in the market and how you can take advantage of it.

Denver Metro Housing Stats.
Single Family:
Active Listings: 8,082 • Down 40% from Feb. ‘11
Under Contracts: 3,329 • Up 13% from Feb. ‘11
Solds: 1,978 • Up 12% from Feb. ‘11
Average Price: $270,821 • Up 2% from Feb. ‘11
Average Days on Market: 106 • Down 14% from Feb. ‘11
Condos:
Active Listings: 2,004 • Down 49% from Feb. ‘11
Under Contracts: 821 • Up 11% from Feb. ‘11
Solds: 517 • Up 13% from Feb. ‘11
Average Price: $161,143 • Up 4% from Feb. ‘11
Average Days on Market: 101 • Down 22% from Feb. ‘11

It took Dr. Richard Alpert, Timothy Leary and countless hits of LSD to learn one simple truth: Be Here Now. So what can the psychologist-turned-spiritual guru, Baba Ram Dass, teach you about today’s Denver real estate market? BUY. HERE. NOW.
With nary a trace of mind-altering substance in sight, I can honestly tell you that the time to list your home for sale in the Denver metro area is NOW.
“How now” you say?
• Because EVERYONE else IS WAITING until spring.
• Because buyers ARE out looking.
• Because SHOWINGS ARE UP and inventory is down.
• Because all FOUR OFFERS I wrote in January created a BIDDING WAR.
Now, we all know war is not the answer but in real estate, a competitive market results in sellers driving their purchase price above their asking price. At this point (Jan/Feb, so I’m being here this quarter) the demand exceeds supply and buyers are flying out to snatch up well-priced properties like savvy shoppers after Christmas at Filene’s Basement. There is simply not enough out there. And I’m not just talking of the under-$200-first-time-buyer/investor end of the market. A home priced at or around $300k is likely to move well, despite the common seasonal perception, the Super Bowl or the weather. On Friday, as constant snow flurries were rapidly accumulating inches, agents were rushing out to show homes in order to present their offer s before the “Highest & Best” deadline. (I know this, I was one of them.) Today I submitted an offer for a buyer on a property, sight unseen. The home fit his criterion and he’d been beaten out three other times, so today we take no prisoners.
If you are sitting on the sidelines, waiting for the winter storm to pass before you list your house, remember… you could be pushing up daisies before the crocus pushes through the frosty ground. Now, I don’t mean that in the literal sense of the metaphor, but in the BE HERE NOW spirit.
If you’d like more information on the value of your house, trends in your neighborhood, or a yoga class near you, send me a vibe, a text or find me on Facebook. As the guru said…“We’re all just walking each other home.”
― Ram Dass

I’ve just listed the most beautiful home in Berkeley, one of Denver’s most sought after neighborhoods. This one is an artist’s dream, a gardener’s paradise. Click here, check out the video I made and let me know what you think.

Step into the garden


I’ve just listed a one-of-a-kind property in one of Denver’s hippest neighborhoods. Walk or roll to Sunflower Market, First Friday Art Walk and the funky/trendy/boutiques on Tennyson Street, quick commute to downtown and the most bea-U-tiful gardens! Take a moment and check out the virtual tour linked below.