The Denver Post just released this Neighborhood by Neighborhood Report on Metro Denver Real Estate. You can check out your neighborhood for average price, price change, average discount, number of days on the market, percent of foreclosure and short sales. Thanks to George Lupiba Jr. from Wells Fargo Home Mortgage for sending EskyKnows the link.

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.

Denver’s news about foreclosures led the national media for some time. Now Denver ranks 10th on the national scale. Real estate values in the metro Denver area never had the fast run up that cities like Phoenix, or Las Vegas experienced. Sadly our large minority populations seemed to have been victims of predatory lending now creating massive foreclosures in the inter-city neighborhoods. The builders who qualified about any buyer who could fog a mirror sold overpriced homes with huge incentives to buyers who added tens of thousands of dollars worth of upgrades to their already inflated mortgage amount. The result created massive foreclosures in the ex-burbs.

Today, Denver is looking up! Construction cranes populate the city as premium developments pop-up all around town. High dollar to extravagant projects are selling fast. Four Seasons & Ritz Carlton condominium offerings begin at $800 a square foot with already sold penthouses going for $10 million. Denver is fast becoming a destination for well healed 2nd home purchasers. Read the rest of this entry »

   You’re from Colorado if…

You’ll eat ice cream in the winter.

When the weather report says it’s going to be 65 degrees, you shave your
legs and wear a skirt.

It snows 5 inches and you don’t expect school to be cancelled.

You’ll wear flip flops every day of the year, regardless of temperature.

You have no accent at all, but can hear other people’s. And then you
make fun of them.

‘Humid’ is over 25%.

Your sense of direction is: Toward the mountains and Away from the
mountains.

You say ‘the interstate’ and everybody knows which one.

You think that May is a totally normal month for a blizzard.

You grew up planning your Halloween costumes around your coat.

You know what the Continental Divide is.

You don’t think Coors beer is that big a deal.

You went to Casa Bonita as a kid.

You’ve gone off-roading in a vehicle that was never intended for such
activities. Read the rest of this entry »

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 »