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Greenwood Village, CO Real Estate News

By Belinda Spillman, Colorado Living!
(Aspen Lane Real Estate Colorful Colorado)
Homes For Sale in Greenwood Village CO With Mountain Views Dec. 2015 One of the great things about living in Colorado is the opportunity to take in the breathtaking mountain views!  Many folks put “Mountain Views” at the top of their wish list when looking for the perfect Colorado home to call their own. Here is a list of Greenwood Village CO homes for sale that offer a view of the glorious Rocky Mountains. Currently there are 15 Greenwood Village CO homes for sale that offer a view of the Rocky Mountains.  These homes range in price from $1,090,000 up to $10,500,000.  The smallest home is 2004 square feet with the largest 8,634 square feet (above grade).  These homes were constructed between 1953 to 2008 with the average year of construction being 1992.  Click on the mountain below for...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
With the second half of the year upon us; I thought it would be a good idea to share some our customers real estate questions that we have received this year. Q:  Dan: What is the month of the year are most homes sold?A: Actually, the two most active months of the year for home sales are June and October. Typically, more homes are closed during those two months than any others.Q: Dan: What are the two slowest months of the year for real estate sales?A: August and December. August is the month that schools start in Colorado so families are either trying to sneak in a last minute vacation, or they are too busy getting their kids ready to start school. Sales usually slump in August. December is more evident as a slow month because everyone is so busy with the Holidays. If you are in the ma...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
The number one time to sell a home in Colorado is April 1st through July 31st. Now that the selling season has passed, how did it go for you?  Did you take advantage of the market and got a premium price for your home? Maybe yours did not sell? Or maybe you’re still thinking about selling. Here are some thoughts and options going forward for the rest of the year.If your home was on the market and did not sell, you need to ask yourself three questions: 1) Was it overpriced? 2) Did it show poorly? 3) Did my real estate agent or team provide exceptional marketing? Now I know it’s easy to blame the real estate agent or team, but you know the old saying, “It takes two to tango.” Be honest with yourself and if the home was overpriced, be ready to make an adjustment. If you were a For Sale By ...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Our team has received a steady stream of calls and emails asking for more information on Greenwood Village Homes. Due to the high number of buyers in the market, we have constant requests for the most recent statistics. As we were researching properties for one of our clients, we created this report and thought it may help some of you in the market.Here is the Market Summary: There are currently 86 active Greenwood Village Homes on the market. Right now, there are 42 under contract Greenwood Village Homes on the market. There are 0 Greenwood Village foreclosures on the market. Average prices decreased $94,648.00 over the last year from $1,821,017 to $1,726,369. We will continue to watch this market and report the data here. Hopefully we will see an upward trend in the coming months.Whil...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Our team has been helping cliuents with Greenwood Village Homes over the past months. Due to the high number of buyers in the market, we have constant requests for the most recent statistics. We recently prepared this report for one of our clients, and thought it was worth sharing here.Here are some of the Market Highlights: Active Greenwood Village Homes on the market: 90. There are currently 38 under contract Greenwood Village Homes on the market. There are 0 Greenwood Village foreclosures on the market. Average prices increased $347,333.00 over the last year from $1,425,000 to $1,077,667. Our team will continue to monitor this market and detail our findings here. We hope to see a price increase in the months ahead.This data can be a bit complicated. We are always happy to focus our r...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
The activity in Greenwood Village Homes has seen an uptick this past month. With the high demand of Homes in the area, we are constantly keeping our clients informed of the most recent data. Yesterday we created this statistical report for one of our homebuyers, and wanted to post the information here as well.Important Market Facts: Active Greenwood Village Homes on the market: 91. There are 38 under contract Greenwood Village Homes on the market. There are 0 Greenwood Village foreclosures on the market. Average prices increased $40,776.00 over the last year from $857,069 to $816,293. We love reporting on positive numbers, and any chart showing year-over-year increases is welcome news.While this is a general overview of the current market, we can create a more detailed, personalized rep...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
If you have read some of our previous blogs or you subscribe to our newsletter, you'll know that we love Denver neighborhoods. Previously, we have covered some of the luxury neighborhoods such as Bateleur, Hilltop or Castle Pines Village. We have also touched on some of the upcoming areas such as River North (RiNo). Now that Denver is now becoming more and more popular, we are now showing up in blogs and articles about how wonderful our city is.In the most recent blog, I’ve read. Denver ranked number 10 in the most beautiful neighborhoods in America. In the 12 years of living in Denver, I have seen it grow from empty parking lots to tall high-rises that can compete with any building in any large city. However, on this particular list, Capitol Hill was the neighborhood that was selected ...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
My son Micah is nine years old, and he’s all boy. I was cleaning the garage and watching him build a skateboard ramp at the end of the driveway. He had taken plywood, propped it on some bricks piled high and then built a landing ramp on the other side. His plan was to skate down the sloped driveway, hit the plywood ramp, fly through the air and hit the landing ramp. All while staying on his skateboard unharmed.Being a boy once myself and having tried the exact same feat, I knew from experience that this was fraught with danger and headed for disaster. I pulled my son aside, put my arm around him and explained how the skateboard would either a) come to a screeching halt when the wheels hit the edge of the plywood or b) the bricks would fall over from the weight of him on the board. While...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
Real estate agents are a dime-a-dozen in 2015. All the talks of it being an amazing seller’s market have drawn everyone and their mother out of the woodworks to take a stab at real estate. How hard can it be right? With the growing trend of new agents starting in the business, we are seeing more and more issues with contracts, dates and deadlines, and overall professionalism from the agents on the other side of the deal.There are many pros to working with an established and reputable agent when doing the deal. For one, you’re getting someone that’s done this before. This isn’t their first dog and pony show. Typically with experienced agents they understand the importance of dates and deadlines, what to ask and what not to ask for in inspections, how to handle disputes between the client...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
You heard me right. We are about a month away from the annual market slowdown. You maybe saying, “Dan, you’re crazy. There is no inventory! It’s only June! The market is hot. It’s a seller’s market!” Yes, I have heard all this before, and if you are like me and study trends, you know that the slowdown is coming. Go back and study the sales numbers from 2012, 2013, and 2014.  In Denver, we have followed the same pattern every year for the last three years, and there is no indication that this year will be any different. The market starts out as hot as it could be in March, April, May, and June. Then once we get past the 4th of July, something happens. The market takes a dip and doesn’t recover to the same level of sales for the rest of the year. Do sales occur in the last five months of ...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
In the recent weeks, we have been writing a lot about the hot and heavy real estate market. In case you missed the news, it’s a full-blown seller’s market in the lower price range and inventory no matter the price is at historic lows.Putting a home on the market and getting it under contract is not the hard part these days. My team is spending so much of their time, effort, and knowledge behind keeping deals together. You see, getting the deal is the easy part, getting it to close is the hard part. Now you may be saying to yourself, “Why would that be hard in this market?” Let’s meet two people called Emboldened and Entitled, and we’ll follow their story as it unfolds.A buyer has written offers on three, five, or ten homes and did not win the bidding war on any of them. By the next go a...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
With the current real estate market being very competitive, there is a ton of mortgage professionals trying to earn potential buyers business. The problem with choosing a lender that your real estate agent does not know is that the real estate agent has lack of control throughout the transaction. From my experience this week, I felt that I had to base this week’s article on choosing the right lender. I had finally found the perfect home for my buyers and this was the week that we were finally going to close. Normally, closings are the easiest part of the transaction, but I kept running into many roadblocks and mistakes dealing with the lender that my clients particularly choose to use. The first mishap was the lender forgot to attach our file to the wire, so when we got to closing, ther...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
The key to this tight real estate market will hinge on the ability to find off market properties. What am I talking about? In case you have not been following the Denver real estate market, there is a severe shortage of inventory. No, I mean there is a REAL shortage of inventory. A balanced market would be about 15,000 single-family homes for sale in Denver and surrounding suburbs. In Feb of 2014, there were 10,000 plus homes on the market, which as you can see is a far cry from a balanced market. Fast-forward to today, and there are only 4,500 single-family homes on the market. That’s almost a 56% drop from last year and a 71% drop from what is considered a balanced market. That’s what I call a severe inventory problem. To illustrate the problem further, when you speak with buyer’s age...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
Last week I talked about the impending interest rate hike that might take place as early as June. This week I wanted to talk a bit about what the aftermath of that will look like in our market which will lead to what I call buyer desperation. Many of you may even think you’ve seen desperate buyers, but I promise you, you have not. Buyer desperation is when buyers write offer after offer and fail to win. This happens sometimes when buyers are not presenting strong offers or if their terms are unreasonable. A buyer will have to experience this a few times before they are truly motivated to buy. Other times it is completely out of their hands such as having very little money to put down, the type of loan that they have, or competing with cash offers. In the end, you’ll wind up with buyer d...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
Did you know that U.S. employers added 295,000 jobs last month? This report comes directly from the government, and the news had a pretty substantial impact on the real estate market. If you didn’t know, interest rates are determined by national and worldwide factors. Interest Rates are also the heart of the real estate business since the changing of the rate can determine if you can buy or can’t buy. With the news of the increase of jobs last month and the decline in unemployment, it looks like the economy is taking a turn for the better; which is great news. However, the disadvantage of this situation is now that the economy is stronger; the Federal Reserve will likely hike up rates for the first time in a decade. This increase may happen as soon as June. No one can predict when the F...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
The number one thing we hear from our buyers everyday is there are no homes to buy on the market. This is the biggest challenge the real estate industry is facing in the Denver Metro area at this time. Inventory has never been this low and as such, people are wondering how they could find a home to buy. Consumers have gone to the Internet to try to find homes to buy that are not on the market, on sites like Zillow, Trulia, and For Sale By Owner. While this may seem like a good way to buy a home and not have to compete against many offers, it does have its pitfalls. Here are four things you should know before attempting to buy a home off market: First, many For Sale By Owners are not realistic about their home values.  Homes off the market, not in the MLS, or not listed with a Realtor te...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
When you submit a contract on a house, you also submit what they call ‘earnest money.’ This is a deposit that is a portion of your down payment money which you will use to purchase the house. Earnest money can be as little as $500, but we have handled earnest money as much as $250,000. The money is usually held by the title company or a brokerage firm during the course of the contract. The funds are used and released at closing. In the event, that a dispute arises in the contract or a buyer defaults during the contract, a seller may attempt to terminate the contract and keep the buyer’s earnest money. Most sellers feel that this is a pretty straightforward and easy process because the contract is specific and binding. While a seller may be justified in keeping a buyer’s earnest money, i...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
The title of the column seems like a rather obvious statement, but you would be surprised at how many times we deal with buyers and sellers who are looking for some guarantee when buying real estate. The best way to explain this is to give you various examples of what we experience on a day-to-day basis: Example #1: New homeowners call their agent to complain that the air conditioner just stopped working, only one week after they moved into their home. The new homeowners believe that the previous seller, the inspector, or someone needs to be held responsible for the $3000 bill that they are about to incur to replace it. Answer: Inspectors are excellent at what they do, but they are not fortune tellers. They can’t tell you what will happen with a furnace or an appliance in the future. Al...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
As you know if you have been following my column for a long time you know the week of Christmas is the one time in the year that I don’t like to write about business. I always say there are 51 other weeks in the year to do that. Instead I like to write about stories of the human condition. Many of these stories come from my own experiences with my family and todays story is no different. You see my young children of 6 and 9 continue to teach their old Dad of 46 new lessons every day. It was last Christmas when we were vacationing in Hawaii and as usual I was planning all kinds of activities for the kids. I had a schedule (this is my type A personality) for snorkeling, horseback riding, ATV’s, Mantra Ray diving and many more. We had done most of them and the weather was as usual picture ...
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By Colorado Dream House Team, Real People. Real Professionals. Real Estate
(Keller Williams Realty DTC)
It is hard for many people to conceptualize what the real estate market is. It is like trying to describe in words what the Internet is or what space is. The market for home sales can be quite difficult to understand. Hopefully, this article can help give more insight in understanding the real estate market. Instead of thinking about “the market” as something intangible think of it as Ikea. Imagine that the market as an actual place you can enter into that is massive in size. Within this market is every house for sale in your state; from the far reaches of the corner to the most densely populated cities. Every home for sale resides within this building. So how would you go about organizing the market? How can buyers and sellers easily find the homes that are for sale? Imagine that each ...
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