“MILLION DOLLAR +” HOMES IN METRO DENVER

Team CHR Buying, Market Trends, Selling

Most people are curious about what luxury living looks like in their neck of the woods. How many millions would it take and what do you get for all those zeros? Let’s looks at some facts for Metro Denver over the last year:   Less than 2% of the homes sold over the last twelve months had a price tag …

Metro Denver Homeowners Like to Move

Team CHR Market Trends

People in metro Denver are moving in record numbers. With just one month left in the year, it is very likely that more resale homes will change hands in 2015 than in any prior year. There were almost 53,500 resale homes with a different owner on November 30th than the party that owned it on January 1st. That number is …

More Homes Available for Purchase

Team CHR Market Trends

The real estate market in metro Denver continued its now familiar patterns in October according to data just released. Prices are up. More homes are changing hands. As reported last month, the inventory of homes available for purchase is also showing some improvement. That trend continued in October. There were 41% more homes on the market at the end of …

Finally – Every Market Trend Is Up

Team CHR Buying, Market Trends, Selling

All year we’ve been hearing the word “up” associated with the metro Denver real estate market. Prices are up. Number of homes sales is up. The only thing consistently down has been inventory – the number of homes on the market has lagged behind last year’s levels. Now, even inventory has jumped over to the up side of the ledger. …

HOME INSPECTIONS – BOTH VITAL & MISUNDERSTOOD

Team CHR Buying

The most important step of the home buying process, other than picking a skilled agent to represent you, is the pre-purchase home inspection. An inspection gives you a chance to check out the condition of the house before you’re obligated to go through with the purchase. It gives you a chance to uncover hidden or previously unknown defects. In short, …

WHAT’S UP IN YOUR ZIP CODE?

Team CHR Market Trends

We’ve compiled the latest stats on the metro Denver real estate market with all activity through the end of August. And yes … it is pretty much the same story as we’ve had for the last 18 to 24 months. Prices are up at double-digit rates. More deals are happening. The only slight deviation is that inventory is climbing and …

Radon – Big Deal or No Big Deal?

Team CHR Buying

Radon. It’s colorless, odorless, deadly … and easily addressed. What Is Radon? It’s a naturally occurring gas. It’s given off by the decay of trace amounts of radioactive materials in almost all soils. You can’t see it, taste it or smell it. Is Radon a Health Hazard? Yes and no. In outdoor spaces, the gas dissipates just as fast as it is …

An Interesting Wrinkle in Latest Sales Data

Team CHR Market Trends

Wrinkles are not good, generally. Most people don’t want them and plastic surgeons and dry cleaners make a living out of getting rid of them. Wrinkles in real estate sales trends, however, can be desirable. And there seems to be a wrinkle in the last stats on the metro Denver real estate market. Before we get to that interesting tidbit …

Escalation Clauses …

Team CHR Buying

Escalation Clauses … Just One Tactic in the Multiple Offer Battle An escalation clause is a contract provision where you as a buyer promise to pay a certain amount over the highest purchase price offered by any competing buyer. While escalation clauses are common these days and sometimes necessary, they can have negative side effects. This is true for several …

Metro Denver Home Sales Like Old Faithful

Team CHR Market Trends

Old Faithful in Yellowstone National Park is emblematic of something that happens predictably and reliably. That world-renowned geyser in Wyoming is a good metaphor for the metro Denver real estate market over the last couple years. The summary of market activity every month has been following a very predictable pattern: Rising prices with an increasing number of homes being sold …

If It Was Easy…Everyone Would Do It

Team CHR Development

“See yourself living in abundance and you will attract it. It always works, it works every time with every person.“ – Bob Proctor: American author Truth is, we don’t know for sure.  We don’t know we will attract good stuff in our lives if that is what we focus on, if that is in fact what we choose to “see.”  But, …