Westminster, CO Real Estate News

By Dan Hopper, Denver Broker / Author / Advocate/Short Sale
(Dan Hopper - Gold Way RE)
"Your Denver Real Estate Advocate at Work!"   Westminster, CO - It amazes me how we are "proceeding along" with such LOW inventory in the Greater Denver Metro areas!  As you can see, by the stats below, that our inventory is over 35% below last year at this same time. Such shortage has caused many changes in certain areas through-out Denver and the suburbs.  I have participated in a few strange offer situations.  We have submitted offers $15,000 over list prices and NOT received the winning bid!! Your Real Estate Advocate at work!!     Search for Homes in Broomfield under $450,000!     View Broomfield / Westminster Areas! in a larger map   SEARCH FOR HOMES IN THE CITY OF WESTMINSTER UNDER $350,000, HERE!!   Thanks for reading this,  Dan Hopper. Instant Search for COLORADO HOMES, click S...
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By Dan Hopper, Denver Broker / Author / Advocate/Short Sale
(Dan Hopper - Gold Way RE)
"Foreclosure Do Still Exist!"   Westminster, CO - As we move into the 2nd Qtr of 2013, we still see a trend that does not provide "high" confidence in the economy improvements.  Foreclosures DO still exist, and many STILL do not try to avoid foreclosure with a short sale! With the extension of the "Mortgage Debt Relief Act", that started in Feb. '07, for the benefit of those perfoming a short sale.   This was to create relief from the tax liabilities of the 1099c, that the lender will generate for their losses, and the "debt forgiveness" to the borrower on the deficincies that would normally be defined as "income".     We still see, by the stats below, that many homeowners are NOT taking advantage of this Debt Relief Act!!  The last column clearly shows that there are many homes in the ...
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By Jennifer Prestwich, Madison & Co Properties
(Henderson, Thornton, Broomfield and Westminster)
Westminster CO:  Amherst Neighborhood Hot Sheet for Week of April 15 presented by Jennifer Prestwich, REALTOR®, Your Castle Real Estate The Real Estate Market in Amherst is really heating up - even in spite of the recent snow storms!  Buyers are re-entering the market and they are paying top dollar for clean, well-kept homes.  Inventory is very tight in Westminster CO, there are not many homes for sale.  Potential sellers who have been waiting for the market to come back are finding that now is a great time to sell. Average Days on Market:  37 Average Net Sold Price: $232,186, or $147 per square foot Take a Look at the Video to Find Out More About Amherst Real Estate  
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
"What is the average home-selling commission rate in Denver?" is a question recently posted on Trulia. And - amazingly - agents were happily answering the question with their opinion of the 'average' or 'normal' fees to buy or sell a home.  One agent even linked to a blog post where she put that info on the internet, where it will be available basically forever. One problem: Telling home sellers there is a 'standard' fee for real estate services is against the law and if you speak to an attorney or most experienced agents, they will tell you - don't even imply that there is a 'set' or 'standard' fee by using words like, 'normal', 'average', etc. You can read more about it here:  The United States Department of Justice But in the meantime, I'll give you my real estate tip of the day: Try...
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By Jennifer Prestwich, Madison & Co Properties
(Henderson, Thornton, Broomfield and Westminster)
Westminster CO: Home Farm Monthly Market Minute March 2013 by Jennifer Prestwich, REALTOR®, YCRE The Real Estate market in Home Farm has been holding fairly steady over the past few years.  While home values did see a drop, Home Farm has not seen a great amount of short sale and bank owned properties in comparison to much of the Denver Metro area. The turnover rate for the past 12 months in Home Farm has been 5.7%.  This represents the number of sold homes as compared to the number of total homes in the area.  There were 17 sold homes over the past 12 months.  This number has gone up slightly since February.  The real estate market warms up naturally in the spring, and the Westminster CO real estate market is getting a lot more active. The absorption rate is 142%.  This is the percentag...
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By Dan Hopper, Denver Broker / Author / Advocate/Short Sale
(Dan Hopper - Gold Way RE)
"The Saga Continues with Stupid Lender!!"  Westminster, CO - Yes, the Saga to this short sale continues.  With the "slow boat from China" approach of CitiMortgage, and the disgusting approach of negotiating WITHOUT good faith from the 2nd lien holder, 21st Mortgage Corp, we are still unsure about reaching any success of this short sale approval from the 2nd. The following is from an earlier blog posting, below: "They are called, "21st Mortgage Corp", based out of Knoxville, TN.  Their main business is to provide loans on Manufactured Housing!!   Recently, and that is probably over the last couple years, they have gotten into servicing loans.  GMAC, has been releasing their loan service business, and 21st Mortgage Corp has picked up some of that business!!" "Now, here is where it gets in...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
This is a monthly market report for Westminster CO home sales. Westminster is a thriving town between Denver and Boulder. Westminster's real estate market is not the same as Denver or Boulder, but is very similar to Arvada, Broomfield, Lakewood, and Wheat Ridge. See current market reports for Arvada, Westminster, and Broomfield CO (click the link) I hope that issuing these reports every month will help give you an idea of the real estate market, in case you want to buy a home or sell a home in one of the best places Denver to Boulder! Click the underlined text to read the previous month's report for  Westminster CO homes. I've categorized my Westminster CO homes market reports by price range. You can see the categories below. Clicking on a category will take you to the respective report...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Westminster Homes for Sale Above $500,000 See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Read on for a report on Westminster Home Sales: What this report tells you:  Westminster CO luxury homeowners trying to sell now are probably asking, "WHAT seller's market?"  Buyers still have the upper hand here, as the number of active listings stays high in the face of few sales. Sales of new construction homes above $500,000 in Westminster CO:  One Westminster absorption rate:  Ten months Westminster homes sold last month at or above list price:  Two (40%) Click this link to see Westminster Home Sales in the other price categories. This report includes only detached single family Westminster CO homes that sold at $500,000 and up.  I'm using the term 'd...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Westminster Homes for Sale between $400,000 and $500,000 See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Read on for a report on Westminster Home Sales: What this report tells you:  There's a two-month absorption rate for Westminster CO homes in this price range, a bit 'draggy' compared to the lower price ranges.  Buyers in this price point have the luxury of leisurely shopping.  Sellers have got to make sure they are doing all they can to entice an offer. None of last month's sales were new construction in this price range. Westminster absorption rate:  Nearly three months Westminster homes sold last month at or above list price: 1 (14%) Click this link to see Westminster Home Sales in the other price categories. This report includes only deta...
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By GARY DIGIORGIO -Denver- Arvada -Westminster, REOptions LLC
(THE DIGIORGIO GROUP /(303) 898 - GARY (4279))
We like to say here in Denver, if you don’t like the weather now, just wait an hour and it will be sunshine. Today was not quite so... Mid April , we experienced an 18 degree day, and snow thru out the Day....Gee I want the sunshine !!! We actually get more sun shine then Sammy ego !!! more blue skies then Willie Nelson ask for !!!! Gotta Love it !!! I do !! Gary DiGiorgio The DiGiorgio Group / R-E-OPTIONS llc 7828 Vance Dr. #202 Arvada, Co 80003 Direct 303-898-4279 office 720-242-5200 / fx 720 242 5210 Gary@Di-DenverRealty.com   Serving and selling Denver for over 11,500 days ARVADA***GOLDEN***THORNTON***WESTMINSTER I REALLY APPRECIATE YOUR REFERRALS
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Westminster Homes for Sale between $300,000 and $400,000 See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Read on for a report on Westminster Home Sales: What this report tells you:  Westminster homes in the $300-400,000 price range are showing all the right signs; if you're wanting to sell a house, that is!  This report doesn't cover price increases, as so many others like to focus on, because that number can be easily skewed by various factors.  But all the other interesting stats are headed in the right direction - check out the line graph below! Out of the 17 Westminster homes that sold in this price range last month, four were new construction. Westminster absorption rate:  1.6 months Westminster homes sold last month at or above list price...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Westminster Homes for Sale between $200,000 and $300,000 See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Read on for a report on Westminster Home Sales: What this report tells you:  Westminster Colorado's real estate market for the $200,000 to $300,000 price range continues to improve.  This report looks at changes over the past two years, but consider changes just from last month:  36% of homes sold at or above list price in February compared to 50% in March; 38 days on market in February compared to 12 days in March. Everyone's still hoping for more inventory to show up in the next month or two, Westminster home sellers who are ready to sell definitely don't wait for the summer real estate season. Westminster absorption rate:  Less than 1 mon...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See Westminster CO Homes for Sale under $200,000 See current market reports for Arvada, Westminster, and Broomfield CO (click the link) Read on for a report on Westminster home sales: What this report tells you:  Stats on Westminster homes selling up to $200,000 are all headed in the right direction, although they have a long way to go from the dismal situation of the past couple of years. To buy a house in this price range, be prepared to make a quick decision, and have flexible financing ready that allows for repairs. Westminster absorption rate:  Two weeks Westminster CO homes sold at or above list price last month: 26 (52%) Click this link to see Westminster Home Sales in the other price categories. This report includes only detached single family Westminster homes listed or sold fo...
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By GARY DIGIORGIO -Denver- Arvada -Westminster, REOptions LLC
(THE DIGIORGIO GROUP /(303) 898 - GARY (4279))
I was told “If you join this gym, you will loose weight” . Well I joined and apparently you must go to the gym to loose the weight.. go figure . Seriously ,I have been going to the gym , most of my adult life. I took a breather....haha.. from gym life from 2000 to 2004. I  rejoined a gym in 2004, I joined 24 hour fitness for the spinning class. I then left and joined Ballys for the past 8 years.   Today ,I re- joined 24 hour in Westminster. I was frustrated with Ballys- LA Fitness, as their hot tub has been down for 3 years. It was recently repaired and now is broke and closed again.. I attended 24 hour this morning and love the gym, pool ( that was not freezing ..like Bally’s ) and a good soak in the hot tub.   To off set the new gym charged..I skipped my Starbucks today and went to 7-...
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By Cory Fitzsimmmons, Realtor - Denver, CO ReThink real estate group
(ReThink Real Estate Group)
3925 W 84th Avenue Westminster, CO 80031 MLS #: 1153555 $153,500 2 bedrooms 2.00 bath Unique solid brick ranch with partially finished basement. Huge yard and 2 car garage with storage/studio above. 1 non-conforming bedroom in basement with 3/4 bath and Laundry room. 2 bedrooms up with full bath. nice oak floors in most of the main level. Needs some updating but has excellent potential. View the Photos and Virtual Tour: Click Here           Blue Sky Home Group Cory Fitzsimmons & Jeff Moore Agent | Owner's Phone: 720-581-2885 Mobile: 303-589-4591 This information is deemed reliable, but is not completely guaranteed. Buyer to verify all information. E-mail: contact@bluesky-home.com   Equal Opportunity Housing
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By Cory Fitzsimmmons, Realtor - Denver, CO ReThink real estate group
(ReThink Real Estate Group)
3925 W 84th Avenue Westminster, CO 80031 MLS #: 1153555 $153,500 2 bedrooms 2.00 bath Unique solid brick ranch with partially finished basement. Huge yard and 2 car garage with storage/studio above. 1 non-conforming bedroom in basement with 3/4 bath and Laundry room. 2 bedrooms up with full bath. nice oak floors in most of the main level. Needs some updating but has excellent potential. View the Photos and Virtual Tour: Click Here           Blue Sky Home Group Cory Fitzsimmons & Jeff Moore Agent | Owner's Phone: 720-581-2885 Mobile: 303-589-4591 This information is deemed reliable, but is not completely guaranteed. Buyer to verify all information. E-mail: contact@bluesky-home.com   Equal Opportunity Housing
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By Dan Hopper, Denver Broker / Author / Advocate/Short Sale
(Dan Hopper - Gold Way RE)
A Surprise For Our Saturday in Westminster, CO! Westminster, CO - A beautiful Spring day in Colorado has "sprung" upon us overnight!  Of course, we did get a "heads up" about this Spring snow storm, but we are always skeptical about weather reports during this time of the year!  I mean, the weather reports can fluctuate hourly in this "Mile High City"! Now, keep in mind... that in Colorado, our greatest amount of snow falls occur during the March and April time frame!  Number 1 and number 2, respectively!  Actually, we have had a somewhat mild Winter with the cold and snow this last season.  When that happens it tends to spoil us with the warmer weather.  It did reach up into the 70 degrees range, last week!!   As I look out my windows towards the streets, I have decided, with a mutual ...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See current market reports for Arvada, Westminster, and Broomfield CO (click the link) This is a monthly market report for Westminster CO home sales. Westminster is a thriving town between Denver and Boulder. Westminster's real estate market is not the same as Denver or Boulder, but is very similar to Arvada, Broomfield, Lakewood, and Wheat Ridge. I hope that issuing these reports every month will help give you an idea of the real estate market, in case you want to buy a home or sell a home in one of the best places Denver to Boulder! Click the underlined text to read the previous month's report for  Westminster CO homes. I've categorized my Westminster CO homes market reports by price range. You can see the categories below. Clicking on a category will take you to the respective report...
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By Dan Hopper, Denver Broker / Author / Advocate/Short Sale
(Dan Hopper - Gold Way RE)
Westminster, CO - The market trends and equity levels are showing improvement through-out the country and in the Broomfield and Westminster areas!  This is a very welcomed trend after so many years of negative growth in sales and home values! While we have seen sales grow by 14% in Single Family homes and 12% in Condos / townouses, we are seeing a negative element take place.  YES, the home inventory is way down!!!  As low as it has been in over 23 years!! Broomfield / Westminster Stats PDF This low inventory is NO DOUBT going to cause a problem for the Buying Market.  Less inventory to view and MORE competition in winning a bid on what is available!!   From the Sellers standpoint, they would have a great opportunity to capitalize on the low inventory and get their homes SOLD quicker t...
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By Joetta Fort, Independent Broker, Homes Denver to Boulder
(The DiGiorgio Group)
See current market reports for Arvada, Westminster, and Broomfield CO (click the link) See Westminster Homes for Sale Above $500,000 Read on for a report on Westminster Home Sales: What this report tells you:  Westminster CO luxury homes are staying on the market longer than lower-priced homes, but the picture is improving.  Buyers and sellers in this price range have a lot to think about, if they enter the Westminster real estate market now. Westminster absorption rate:  Six months Westminster homes sold last month at or above list price:  Two (22%) Click this link to see Westminster Home Sales in the other price categories. This report includes only detached single family Westminster CO homes that sold at $500,000 and up.  I'm using the term 'distressed sales' to refer to short sales ...
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