PLEASE PAY ATTENTION! Get off the fence. Quit waiting. I’ve been telling you that the Denver area real estate market is not the doom and gloom market the press is bellowing about. The “cranes” are everywhere and we are not talking birds.  Enterprise and commerce create jobs. Big box developments featuring top name tenants are quickly replacing old style shopping centers or once vacant acreage.

Denver Colorado ranks as the 6th BEST residential real estate market (single family homes) according to the Standard and Poor’s Cas-Shiller Home Price idices released data for February 2008. Rankings for the 20-city composite recorded an annual decline of 12.7% while Denver recorded an annual decline of only 5.5%.

Las Vegas, again the weakest market posting a 22.8% decline followed by Miami with a 21.7% decline. San Francisco, Las Vegas and Los Angeles were the worst performers in the west!

Charlotte with a 1.5% increase in home prices was followed by Portland Oregon and Seattle, leading the composite as best markets.

More good news. Read the rest of this entry »

The ANSWERS ARE RIGHT HERE!

I’ve been asking you to quit reading and watching the national gloom and doom real estate pornography and pay attention to our market facts, here in the 6 county metro Denver area.

Now I am telling you it’s time to thow you away your newspapers and turn off the news and just give your attention to ESKYKNOWS DENVER. I’ll give you a quick example…

Last week the local daily newspaper here in Denver properly reported the upswing in our Denver market based on February sales statistics from the keeper of real estate stats, Metrolist our multiple listing service. More homes were sold this February in the Denver area than in 2007 and fewer homes were available here in February 2008.  The article was less than 2 column inches in size, in the lower left of the page, the least read newspaper position.

Just a day later, a very large well placed, top of the page article proclaimed “February Homes More Doom and Gloom”. This was an article referring to the worst real estate markets in the U.S.! No mention of Denver!

In the upper right corner of this blog site is a Questions and Answers bar.  See it?

 Just point and click on the Questions and Answers bar and a question box will open. Send me questions or concerns and I’ll answer you!

TELL YOU FAMILY, FRIENDS AND NEIGHBORS WHERE TO GO…. Thanks for not keeping us a secret!

Get the FACTS, just the FACTS here at ESKYKNOWS DENVER.

  Lawrence Yun - NAR Chief Economist foresees Denver’s Housing Turnaround

Denver’s housing market is not as bad off as most of the rest of the country is what I believe and have been reporting. The same will hold true for 2008. We’ll see the Denver markets improve faster than most. Prices will remain stable, no up’s or downs.

On Wednesday, Lawrence Yun, chief economist and senior vice president of the National Association of Realtors presented his 2008 real estate forecast to the Jeffco Board of Realtors in Lakewood Colorado. “All markets are local and the bleak national market conditions do not represent what is happening in the Denver area. The one thing that may be holding back your market is buyer pessimism. You have very strong affordability” Yun said. 

“Interest rates are basically at a 45 year low” and he reminded us that buyers have a bad attitude based on false beliefs fueled by the press and that the mistakes of Wall Street are in the past, not related to home buying now or in the future.

 Mr. Yun noted that if there is a recession, interest rates will go even lower making Denver housing even more attractive. Denver would weather a recession better than the country as a whole because of the educated work force here.Yun also noted however that the high number of foreclosures  will continue this year.

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The 57 acre Denver garbage dump is now the Cherry Creek Mall. Think about that!

Denver Colorado’s first “suburban” shopping center was originally conceived around the year 1925 by architect Temple Buell to answer land use problems for the “sprawl” of suburban Denver. Formal plans for the CHERRY CREEK SHOPPING CENTER were announced in 1946. In 1950, ground was broken.The completed shopping center opened in 1953.

In 1988, a major mall expansion began and the all-new, enclosed, 1.2 million square foot mall was erected in their place. CHERRY CREEK MALL, opened in August 1990, and has become the most upscale shopping center in Metropolitan Denver and one of the most successful in the nation.

In 1968 W.C. Muchow, famed Denver architect designed and built one of Cherry Creeks first upscale residential “town homes.” If you know Cherry Creek, you know what’s happened since. Now the primest of residential real estate complimented by the “Mall,” dining and shopping in Cherry Creek North has caught of the eye of many as place to call “my second or third home.” Read the rest of this entry »