Coldwell Banker Residential Brokerage Presents the 2015 Fall CB ED EXPO

Coldwell Banker Residential Brokerage is pleased to present the 2015 real estate event of the season — the CB ED EXPO — on September 24, 2015.

The annual event brings some of the best national speakers in the real estate industry to the PPA Event Center, 2105 Decatur St. in Denver, to discuss everything from to creating winning offers to making the most of your brand.

“This is an essential event for real estate agents to take their skills to the next level,” said Chris Mygatt, president of Coldwell Banker Residential Brokerage Colorado. “Whether you’re a seasoned professional or an agent just getting started, this is the event to attend.”

Opening up the event will be keynote speaker Julie Clark, a nationally recognized entrepreneur and founder of several companies, including the wildly successful Baby Einstein. Other keynote speakers include Colorado’s own Tommy Spaulding, the New York Times bestselling author of “The 18-inch Journey to Heart-Led Leadership,” who will offer a “heart-led” and inspirational discussion about the importance of delivering results while also maintaining a genuine concern for others and Brian Wildermuth, an industry relationship marketing expert with Buffini and Company.

Topics for the event include:

  • What Every REALTOR Needs to Know by Oct. 31, 2015
  • Stop Chasing Leads and Start Making Sales
  • Stop Chasing Squirrels! Managing Distractions
  • Five Real Estate Trends That May Make You More Successful
  • The Mile High City is More Than Just 5280 — Marijuana and Real Estate

This is sure to be a spectacular showcasing of Coldwell Banker Colorado’s very best! 

Sales associates affiliated with Coldwell Banker Residential Brokerage may register for the event here.




Congrats to Kirsten Medeiros!

She’s been appointed president of the Mile High Chapter of the Women’s Council of Realtors Check out my story on the Confluence Denver site.



Reclaiming Brighton Boulevard

Check out my story about the RiNo neighborhood in Colorado Biz





Metro Denver home sales continue to rise

Metro Denver’s housing market continued its steady recovery in September, with sales increasing 18.3 percent compared to the same month last year.

There were 3,949 homes sold last month, compared to 3,337 in September last year, according to an analysis of Metrolist data by independent consultant Gary Bauer.

“This is a very positive and surprising year,” Bauer said. “Historically, the prime season stops about the 15th of August, but it’s still going.”

Though the median price of $255,000 in September was down from the previous month’s $262,000, it was up nearly 11 percent compared to a year ago, when the median price was $229,804.

“I don’t want to see pricing increase too fast, Bauer said. “With a $1.1 billion closed volume, this was a good September.”

There were 10,470 homes for sale in September, down 32.6 percent compared to a year ago when there were 15,533 houses on the market.

“When we first went to 10,000 homes on the market I was very concerned it would continue to drop and that it would destroy the market,” Bauer said. “But it’s continued to stay at 10,000 to 11,000 for the last nine months and that’s great.”






Foreclosure sales fall to six-year low in August

The number of homes sold at foreclosure auctions fell to a six-year low in August, according to a report released today by the Colorado Division of Housing.

Foreclosure auction sales were down 10.4 percent last month compared to August last year, falling from 1,497 to 1,341, according to the report.

Foreclosure filings also were down, falling 1.6 percent from 2,325 to 2,287 during the same period.

Foreclosure filings for the first eight months of the year were up 4 percent from 2011, but auction sales were down 25.7 percent for the same period.

“With all of the slowdowns and the administrative delays that pushed foreclosure filings down so far last year, I expected a larger increase in filings this year than we’re seeing,” said Ryan McMaken, spokesman for the Division of Housing. “Instead, new foreclosures are only up slightly this year, while completed foreclosures really dropped off, reflecting last year’s big drop in new filings.”

The counties with the largest declines in foreclosure filings were Weld and Boulder counties, where filings decreased by 8.3 percent and 8.6 percent, respectively. Mesa County, however, reported a 26.4 percent increase in foreclosure filings over the same period.




Great schools and great homes from the low $200’s at High Point

As the school year gets into swing, the High Point community is welcoming students to the two charter schools serving the area. Homes are available for families wanting to live nearby.

Families can choose from houses built by Ryland Homes or Richmond American Homes, all priced in the $200,000 range with availability for immediate move-in. They can enroll their children in High Point Academy, an award-winning tuition-free charter school, or Sims-Fayola International Academy, an all-boys charter school serving 6th- and 9th-graders in their first year. Both are just a short walk from The Grove neighborhood.

“Our big focus is on data-driven instruction,” said Annette Sloan, spokeswoman for the academy. “Teachers analyze students’ performance data to make sure they really understand the material.”

Founded seven years ago, High Point Academy offers students an education that focuses not only on high academic standards, but also in character development, community involvement, technology, language and wellness.

Offering pre-school through 8th grade, parents still can enroll their children in half-day kindergarten and the 3rd, 6th, 7th and 8th grades.

A new school to the High Point community is Sims-Fayola International Academy. Located on Argonne Street just north of High Point Boulevard, Sims-Fayola engages students in international studies, leadership and character development, and service-based activities. They will be adding new grades each year, ultimately offering a full middle school and high school curriculum.

High Point is a 1,600-acre mixed-use community in northeast Denver and Aurora. In addition to the homes offered by Ryland and Richmond American, D.R. Horton also has a quick move-in home available.  The Grove neighborhood at High Point already has a private pool and cabana and is the first of many planned parks.

There are now 64 homes occupied at High Point. At full build-out, there will be over 1,700 single-family homes and nearly 500 multi-family units.

The community also will include a business district and up to 500,000 square feet of retail space, including a planned town center.

“When it’s completed, High Point will not only be a great place to live, it also will be a job generator,” said Ed Zebrowski, senior vice president of LNR Property LLC, which is developing High Point.

GETTING TO HIGH POINT: From Denver, take I-70 east to Pena Boulevard, turn right onto Tower Road, then turn left at E. 64th Avenue. From Commerce City or Aurora, take E-470 to Pena Boulevard west, turn left onto Tower Road, then turn left at E. 64th Avenue.




Denver home prices improve in June

Denver home prices rose 4 percent in June compared to the same period a year ago, according to a report released today.

That lands it 4th in the rankings of 20 housing markets surveyed in the S&P/Case-Shiller Home Price Indices.

“I’m extremely happy that even though we dropped one position, we’re still up in the top five,” said independent housing analyst Gary Bauer. “It just shows the strength of the Denver market. Denver was the first to go into this economic recession and we’re the first to come out and we’re holding our own.”

Nationally, home prices were up 0.5 percent in June, with only six cities showing declines. Atlanta was down 12.1 percent; Chicago, 1.7 percent; Las Vegas, 1.8 percent; Las Angeles, 0.6 percent; New York, 2.1 percent; and San Diego, 0.2 percent.




Whole Foods wants to open store in downtown Denver

Whole Foods is scouting downtown Denver for a new location.

But finding a site that works economically and has ample parking is challenging, said Phil Hicks of David Hicks Lampert who is working with the company.

“Downtown is tough,” Hicks said. “I don’t know what I’m going to do yet.”

Austin, Texas-based Whole Foods plans open nearly 100 stores over the next three years. Over the long term, it plans to triple its store count to 1,000, according to its third-quarter filing with the Securities and Exchange Commission. It also is considering expanding in Canada and the United Kingdom.

There currently are no major grocery stores in Denver’s central business district. The closest is a King Soopers at 13th and Krameria streets.

Denver developer Randy Nichols recently reached an agreement with Kroger to open a King Soopers Fresh Fare store at the apartment project he is planning at Chestnut and 20th streets. He said he expects to break ground on the project in October.

“King Soopers Fresh Fare will come whether Whole Foods does or not,” Nichols said. “King Soopers is not particularly concerned about the presence of Whole Foods.”




New-home sales on the rise

Rising sales of new homes indicate consumers are more confident in the housing market.

Sales of newly built, single-family homes rose 3.6 percent nationally in July to an annually adjusted rate of 372,000 units, according to a report released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

The three-month moving average of new-home sales has been rising consistently since September, said David Crow, chief economist for the National Association of Home Builders.

“Today’s good report is the latest indicator of a gradual, upward trend that we expect to continue through the remainder of this year,” Crowe said. “However, the fact that the inventory of new homes for sale reached an all-time low in July is a worrisome signal that ongoing, unnecessarily tight credit conditions are keeping builders from being able to replenish supplies as consumer demand improves.”

Regionally, the Northeast posted the biggest gain in new-home sales with a 76.5 percent increase from July. The Midwest posted a 7.7 percent gain, while the South and the West recorded declines of 1.6 percent and 0.9 percent, respectively.




Finding an apartment is tough

It’s harder and more expensive to rent an apartment in metro Denver than it was a year ago, even though new complexes are popping up all over the region, according to a report released Thursday.

The vacancy rate in six metro areas across Colorado dropped to 4.9 percent during the second quarter — the lowest since the first quarter of 2001, when it was 4.3 percent, according to the report by the Colorado Division of Housing. The vacancy rate was 5.2 percent during the second quarter last year.

Rents have increased with the demand for rentals, rising to an all-time high of $942. That’s up 7.4 percent from the same period a year ago, when average rents stood at $877.

“In spite of some relatively week job growth in some metros, household formation continues in Colorado and people are looking to rent apartments,” said Ron Throupe, a professor of real estate at the University of Denver’s Burns School of Real Estate and Construction Management. “In those areas with the most job growth, like Larimer County, the apartment market has become very tight.”

Vacancy rates in the six metro areas tracked are: Colorado Springs, 6 percent; Fort Collins/Loveland, 3.5 percent; Grand Junction, 5.5 percent; Greeley, 5.4 percent and Pueblo, 4.3 percent. The metro Denver vacancy rate, released last month in a separate survey, was flat year-over-year at 4.8 percent.

Average rents for the metro areas are: Colorado Springs, $776; Fort Collins/Loveland, $996; Grand Junction, $674; Greeley, $662; and Pueblo, $602. The average metro Denver rent was $992 during the second quarter.

“We’re now seeing signs of the kind of general rent growth across all metros that we haven’t seen since 2008,” said Ryan McMaken, spokesman for the Colorado Division of Housing. “Limited supply is an issue. New units are on the way, but there’s a lag on that and some metros aren’t seeing much new construction at all.”