We are passionate about all things real estate. Our real estate market is always changing. Our blog covers everything from local real estate news, market statistics, home values and things happening across the metro Denver real estate market. We care about the community and love helping people find their place in it.
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It goes without saying that the question of "should I buy real estate this year?" is best answered with "it depends." Here’s what I mean...
It depends on your credit score: Some lenders are exercising a little more caution when it comes to assuming risk, so potential buyers should prepare for higher credit score standards. If you’ve been displaying a string of good habits in preparation for buying a home, this might be your year.
A lot of people are downsizing these days, whether by choice or necessity. Having a smaller space presents decorating and design challenges, about which misconceptions abound. The number one misconception? That using white will make your space look larger.
Not so, say experts. Another mistaken belief is that less and smaller furniture is the only option open to small-space owners. But decorating limited space is more about placement of furnishings and careful color usage.
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2020 proved to be one of the most challenging years in recent memory. With the ongoing pandemic, record unemployment, social and political unrest you would think that the Denver Real Estate Market would be adversely affected. You would be wrong. 2020 was no match for the Denver Housing Market. Records were set most every month showing that you just can't keep a good market down!
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Home Improvement Decisions You'll Never Regret
When it comes to home remodeling, there are very few design decisions you can make that are sure to stand the test of time. While it can be tempting to opt for trendy renovations (open shelving anyone?), there's no guarantee that they next buyer - or your future self - will share the same preference. We're all painfully aware that the future is tough to predict, but there are a handful of decisions you can make on home improvements that won't keep you up at night, regardless of market forces.
Infrastructure
When it comes to remodeling, there are fewer sure-fire bets than investing in a home's infrastructure. Investing in updated electrical and HVAC systems, siding, plumbing, insulation, and windows can yield tremendous ROI for homeowners whether they're dwelling or selling. These systems are often hidden behind walls and under floors, so they're easy to ignore. However, neglecting your home's infrastructure can lead to inconvenient and costly repairs and can be hazardous to your family's health and safety. There's a reason home inspectors spend most of their time in attics and crawlspaces – the overall health of your home has less to do with aesthetics and more to do with what's behind the scenes.
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In this month's New Home Community Spotlight, we look a The Canyons. The Canyons is a new residential master planned community located in Castle Pines, CO.
There are currently five new home builders developing The Canyons including Berkeley Homes, KB HOME, Shea Homes, Tri Pointe Homes and Infinity Home Collection. Toll Brothers just announced they will be joining the Canyons family of builders in the fall of 2021. The community has a nice line up of homes ranging from the upper $400's to the low $1,000,000's.
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City and County Building (At Civic Center Park) offers a wonderful holiday display to view by foot or car. It has been a Holiday Tradition since 1935!
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Colorado's home prices have continued to soar throughout 2020. Due to the increase, the new conforming loan limit has increased to $596,850. This is up from $510,400 in 2020. The new conforming loan limit covers the following counties.
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November proved to be another record setting month selling more homes than any other November on record. Throughout the month, 5,236 homes closed, which represented a 22% year over year increase!
Despite the fall month, pending homes reached 4,811 which reflected a 16% increase from this same time last year. For all the bad in 2020, Denver's housing market continues to be one of the few bright spots.
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