Tag Archives: housing prices

Capitol Hill community of Denver

Denver Story stop #130 in Capitol Hill

Beautiful Dunning-Benedict Mansion at 12th and Pennsylvania

Welcome to this week’s Real Estate “Hot Topics” onto historic Houses for sale in Capitol Hill, as we continue our quest to cover the most sought after residential neighborhoods throughout this wonderful city of Denver. Week by week we are pulling from Denver’s real estate marketplace, Each of the neighborhoods featured on DenverHomesMarket.com
Last week we embarked on a journey through the wonderful history and lively community of Berkeley.

The Capitol Hill, Community of Denver

Capitol Hill is generally defined by Colfax Ave to its north, 7th Avenue to the South, Downing St to the East and Broadway rounding out its Western border. Many consider Cheesman Park to also be part of Capitol Hill but as you can see on DenverHomesMarket.com, Cheesman Park is its own little microcosm. The same goes to the north in North Cap Hill which is commonly known as Uptown. So, stay tuned as we will venture into those neighborhoods as well to give you an inside look into what makes each of these communities special.

Capitol Hill is Denver’s most densely populated neighborhood, ever hear of the “Denver Square” or Foursquare Architecture? Click here to check out Foursquare and more. Well the “Denver Square” style was born right here in Capitol Hill and continue to be a very sought out home of today.  Many mansions built back in the 1800’s is still in use today. They have been converted to offices as some zoning rules have been changed to accommodate the changing times yet still allowing for respect of our history by preserving the integrity of the buildings.

Homes for sale in Capitol Hill, Walkability

Looking for a cosmopolitan area with chic bars and clubs? Love being in an area where you can walk to just about anything you might need? You have Cheesman Park. Check out Capitol Hills’ Backyard and Civic Center Park right nearby as well as countless eateries, bars and clubs to enjoy. Ever hear of Wax Trax Records? Click here for history in the making! They might be better known in Chicago. However, you may be surprised to learn the first Wax Trax was opened in 1978 right here in Capitol Hill of Denver by Jim Nash and Dannie Flesher. Later that same year they sold the Denver store and opened up shop in on North Lincoln Ave in Chicago.  Another historic venue in Capitol Hill is the long time bohemian Colburn Hotel Check out the history of this “Hotel with Personality” on Grant St. where Jack Kerouac and Neal Cassidy spent time at Charlie Browns Bar and Grill during the summer of 1947. They were visiting Carolyn Cassidy who studied art and theater at the University of Denver. Today the Colburn continues to be a bohemian haven with 88 low income units. If you like your subs toasted well Quizno’s originated here in Denver. Right there on Grant and 13th back in 1981. If you get thirsty in the neighborhood there is no shortage of places to eat and drink. Hit up Capitol Hill Tavern or the Fainting Goat Irish Pub. Excellent Irish Pub . Looking for coffee? Duck into Black Eye Cap Hill  Great place with a location in LoHi as well. Where you’ll not only find coffee but a full food menu and craft cocktails. Who doesn’t love Tapas? Some of the best Tapas in Denver can be had at The 9th Door Spanish Tapas Bar & Restaurant on Lincoln St. Check out the menu.

I can go on all day here about the walkability of Capitol Hill but you get the picture. Urban living, with diversity in housing about as eclectic as the choices in chic shops, Bars, restaurants and clubs. As of this posting we have a 470-est. sq. foot condo on North Sherman St for 115k all the way to a beautiful Capitol Hill condo for sale on Pennsylvania Ave with over 3,000 sq. ft. gorgeous city views and listed at 2,590.00. All in between with a historic Denver Capitol Hill Home for sale on Clarkson with 5 bedrooms and 3 baths listed at 825k. Just simply click this link To see all the homes for sale in Denver’s Capitol Hill neighborhood!

If you are someone you know is considering a home to either sell your Capitol Hill home or looking to purchase. Please call on me. My direct line is 720-688-5110. Schedule an appointment to tour your home and help you get it ready for market. Or if you are in the market to buy, we can set up a tour of homes you are interested in. I am also available on email.

Thank you for reading, Please, check in next week to www.DenverHomesMarket under the ‘Hot Topics” tab as we add new and exciting information about Denver Homes, mortgage news, and our wonderful communities each and every week.

 

Thinking Denver? Why consider the community of Applewood?

 

 Maple Grove Reservoir in Applewood

Beautiful Maple Grove Reservoir in Applewood

 

The Outdoors are waiting with Ranch Style homes for sale in Applewood

This week we dive into what will be a series of posts showcasing Denver. Each week we will focus on the recent activity in each of the specific neighborhood searches found on DenverHomesMarket.com under the ‘Denver Neighborhoods’ tab. The first on the list is the community of Applewood. Before we get into the numbers on the graph way down there, let’s discuss why Applewood? I mean why, out of all the wonderful places that Denver has to choose from, why consider moving to Applewood? Well that all depends on what you consider important to you and where you want to live.

Not too close or too far

If you love being close to the city of Denver but not too close to a heavy population, this is the ideal location for you to buy a home for sale near Denver. If you love parks and recreation ,click here for the top Parks and forests near Applewood and, if you love hiking and biking trails look no further than right here and review the various hiking trails in the area. Looking for Homes for sale with mountain views. It is needless to say that if you love the outdoors, finding a home in Applewood should be your priority. You might think with all the open space, wilderness and being “The Gateway to The Rockies” , that you’ll spend an hour getting to the always active Downtown Denver. Well, you might be surprised there are a couple different routes to get you to downtown. (via the I-70 or take US-6) Applewood is less than 15 miles out from downtown’s’ Union Station. So, with the commute and the distance from downtown addressed what else? What other reasons to consider houses for sale in Applewood? You may want to check out some of the eateries, bars and shopping. The community page on Facebook might have some insight for you. check out the Applewood community’s Facebook page for yourself.

Houses for sale in Applewood near Denver?

Now the Applewood neighborhood may be on your radar as a place to call home near Denver. So, let’s look at some of the real estate stats.

Ok, great a bunch of lines! What does all this mean to  a home buyer or home seller in the 80215 area code. The red line represents the selling price while the gold line speaks to the Inventory. As the inventory goes down, soon after the prices will begin to rise. Conversely, as the the inventory rises you”ll notice that there is a delay before the prices start to drop. (I call this the seller denial delay) There is a period of time even after the inventory has risen to a high level where sellers are in denial of where the market actually is. Many times we figure if our neighbors bought a house a few months back and they paid a certain price, then our home is almost certain to be worth thousands more. However, if you read the chart you will see that seller denial. Look at May of this year for a perfect example. You’ll see that in late April / early May the inventory was quite high but the prices took another month or so to start falling. Then when word hit the street they plunged, the prices went from roughly 475k to about 290K as a median price. Now, does that mean that the same house that sold in April for 475K is worth 290K in July? Not necessarily and not in this case. What this does show is the trend. That’s what I want to you to focus in on. Do not get too tied up with the actual numbers but look at the trends and the delays in the prices rising and falling in relation to inventory throughout the year. The homes that were sold in April in large part were simply more expensive homes being sold (on average) compared to the homes that were sold during July.

On the flip side

Now, you can also flip this chart and look at the prices and what might be considered “Buyer’s Denial”. When inventory is very low there is not much by way of Denver homes for sale on the market. That delay of in price rise suddenly erupts as multiple buyers start competing for the same homes. The prices, after a lull, will sharply start to rise as escrows start closing and the actual sales prices start to present themselves. As we close out this year you see Applewood has a healthy housing market. Inventories rise and fall as seller’s put their homes on the market and new construction projects come to completion. Prices, although fluctuating, are showing healthy volume and good correlation to inventory.

In Short

Applewood is a community that is away from the hustle and bustle of downtown Denver and away from the traffic, yet close enough to be have homes for sale with convenient commute. There is a small yet active business community with eateries and bars along with a bowling alley nearby. Outdoor activities abound with Golf, fishing, hiking etc. Our Real Estate website is designed to allow you to search all homes for sale in Applewood and others active on the MLS in specific neighborhoods. If you want to search the area for available homes you can search our listings of  the Applewood community here..

Next week we will cover in detail the community of Baker and all that is great about living in the walkable neighborhood of Baker. In the mean time if you have any questions or need help with buying or selling a home in Denver Metro please call or shoot me an e-mail. 720-688-5110 or rickyschoonover@gmail.com.

So, you have decided on selling your Denver home, Now What?

 

time to sell home

time to sell home!

Are you asking yourself, Am I ready to sell my house in Denver?

Last week we covered our Buyer focus in “Do you have what it Takes?”. We detailed and discussed the affordability issue in regards to buying a home in Denver. We also provided an affordability calculator to help you determine how much house you can afford based on income, debt and down payment. That edition is available in our October Blog archives. So how should you proceed if you are thinking about selling my Denver home?

This week we dive into a seller focus “So, it’s time to sell your home, Now what?”

Selling your home is an emotional process and one with serious legal and tax consequences. All of which should be considered along with the appropriate professional to guide you throughout the process. There are many things you can do in order to prepare yourself, your family and your home before you actually hit the open market.

Ten things to consider when selling your home:

  • Arm’s length transaction – Everyone knows a real estate professional like myself. I mean, we are everywhere. Do not hire your friends or family to sell your home. It’s an emotional and taxing process and friends and family are less likely to be honest with you on what steps you need to do in order to get your Denver home ready to sell and in market ready condition. There are some things only a professional who has put in the time, knows. This is a business transaction and needs to be dealt with from that perspective. If you cherish your friendship or family relationship, you’ll be better off if things get emotional or go sideways rather than having someone there that isn’t so closely attached to you and the home who can help you through the process from a professional standpoint. Hire your real estate professional early on. There are so many things we see on a day to day basis. The earlier you hire them, the faster they can help you get your house ready for market with tips and advice. If you contact me, I can help with the process of selling your home as well.

Aesthetics of the home

  • Curb Appeal – This is one of the best investments you can make and, you can most likely do this yourself. Clean up that yard! Set up some mulch or gravel  and add some potted plants at the entry. Prune away any dead or overgrown bushes that don’t flatter your lawn. Get some color out there with flowers and trees, and remove any clutter. The more appealing your home from the street view, the faster it sells.
  • Paint – I find that almost every listing I take benefits from at least an interior coat of paint. Neutral colors and white trim. It’s funny once you paint, it highlights all the other little defects you have become accustomed to. That loose door knob, that missing hardware, the scuffs and dents in the walls, etc.… it serves as a catalyst to get on to our next steps. The exterior usually doesn’t need a full painting, but trim and edges can usually use a touch up.
  • De-clutter – To help in selling your home, a great plan would be investing in having the home staged by a professional. If you are going to be living in the home while it’s being sold there are some other steps you’ll want to take before you sell your home. If you have pets, kids, or both do your best to remove any wear and tear in the home. We get accustomed to items out of place. We become “smell blind” to the natural scents of the pets and house. I guarantee you, these are all smells that buyers will pick up on. Too add to that, never put all your clutter into your garage. Your garage is one of the selling points of your home so if you need to rent a storage unit, it will be well worth the investment. I hear it all the time as the buyer’s step into the garage, “Oh, so this is why the house looks so nice” as they see no space in the garage and it’s filled to the brim with clutter. Don’t sabotage your garage, it will detract people from buying the home.
  • Clean from top to bottom – This seems like something you wouldn’t normally need to mention but I find the best thing to do is hire a professional to come in with a fresh set of eyes. Let them do a full cleaning of the home for you. You may still need to come behind after them for some personal items but you would be surprised what a fresh set of eyes can pick up on. This time, the buyer will be the fresh eyes and notice all the above mentioned so you should always go that extra mile.
  • Paperwork – This may seem like a no brainer but you would be surprised how many people throw this stuff out as they are getting ready to sell a house in Denver. Manuals to the sprinkler system, the HVAC, any appliances you have, utility bills, etc. Gather all of that information in an easy to find place. Potential buyers may have questions about what work, if any has been done, is it warranted, and most importantly is said item transferred with the sale?

The emotional side of selling

  • Family Heirlooms – Get rid of them, out of sight out of mind. Anything that you do not want to go with the sale of the home; remove them before we ever show a potential buyer. That item becomes the most important aspect of your home. To that buyer, they just love that Chandelier and they want it included in their offer. Real estate law states that anything custom to the home or “Attached” must go with the sale, unless otherwise stated. Save yourself the hassle dan replace the items with something nice and practical with no sentimental value.
  • Garage or Yard sale – I’m not sure all realtors are like me but I love to sponsor yard sales.If you contact me, I will make signs, hit social media, and run advertisements. I will be there at the yard sale helping you with setup, letting neighbors know we are close to hitting the market. I will be planning the open house and letting neighbors know when we’ll be ready to show the home. Who knows, maybe somebody stopping by the yard sale is your buyer or is friends with someone who wants to move into the area.

Reaching the finish line

  • Time to hit the market – You have put thought into hiring a professional realtor to help you sell your home so let them do their job. During showings there is a temptation to be there with the buyers. You want to show them all the wonderful things you have done with the home over the years. I highly advise against this. Prospective home buyers are usually put off by this in my experience. Home sellers are too attached to the hard work that was put into the home. It was nice when they did the work but that was ten years ago and the buyer hardly will find it to their taste anyway. Have a plan in place to get yourself, your family and your pets out of the home for showings. There may be a suitable time during the transaction where the buyer and seller walk through together, but not while the buyer is making a decision to possibly offer on the home.
  • Plan for a marathon not a sprint– Be patient, I know it’s tough. At the end of it all you have cleaned, painted, fixed, de-cluttered, landscaping… geez I’m exhausted. You did all the hard work necessary to prepare your home for sale. Both mentally detaching from the home and physical labor were needed to get your home ready for market. Many people are out of steam by now and just want the home GONE. It takes time even with the most prepared homes. When they are priced right they tend to sell for the highest price in the least amount of time.

I hope you found this week’s Real Estate Hot Topics a fun read. Please check the archives for previous posts. Next week tune in for our topic ” Mortgage loans 101, whats right for me?”

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