Just Sold: 3113 Castle Peak, Superior 80027 (Rock Creek)

List Price: 645k

Sold Price: 660k Cash

Spectacular Mtn Views Backing to Open Space!!! With this location you can walk/run/bike right from the house and access miles of trail in the open space directly behind the house. Main level has a nice open floor plan from the kitchen to living room that includes a reclaimed barn wood accent wall, dining area, two sitting areas, and mtn views that can’t be beat! Kitchen includes stainless appliances, granite counters, 48″ cabinets, wood floors, tile backsplash, and a free standing island. Upstairs is the master suite and 5 piece master bath, 2 other bedrooms and a full bath. Walk-out basement includes two bedrooms and a 3/4 bath, family room with deck access. Deck has two levels with a spiral staircase connecting both levels, an awning on the upper level, and sun shades included on the lower level. Entire house has been tastefully updated, a great home to enjoy the active Colorado lifestyle!

Just Sold: Louisville Ranch 50k Over Asking Price!!!

Just Sold: Ranch, Louisville CO 80027

List Price: 495k

Sold Price: 545k

You read that correctly: $50,000 over asking price!! Marketed correctly, Sellers received 50k over their asking price and are able to stay in the home for a period of time after closing (this scenario allows Sellers the time to buy another property without going into a short term rental). Louisville real estate for sale doesn’t stay on the market long, make sure to work with an experienced agent who will sell your home for top $$ though…or who will put you in contention when buying.

Beautifully maintained & updated ranch home that shows true pride of ownership! Open and bright floor plan flows directly out onto the new large deck providing true indoor/outdoor living. The backyard is a peaceful oasis with a low maintenance perennial garden & natural landscaping that seamlessly incorporates the newest addition to the property; a detached climate controlled office/studio! This space is ideal for anyone who works from home or wants that dedicated place for an artist studio or year-round workshop! Additional features include a Viking gas stove, large master bedroom w/lovely bath, huge laundry/pantry/mud room, a huge crawl space for additional storage, updated windows & a Class 4 roof that provides a sizable insurance discount! Ideally located at the end of a cul-de-sac and near Louisville’s charming historic downtown, trails and public transit. Also Coal Creek Elementary school is a short walk. This home is a must see and won’t last long!

Just Sold: Brandywine (Broomfield) Off Market Home

Just Sold: 12576 Maria Circle, Broomfield CO 80020

List Price: 390k

Sold Price: 390k

I recently sold this updated 4b/3b within the Brandywine Subdivision of Broomfield off market, operating as a Transaction Broker. Sellers received market value and the Buyer got a home in a great sub area directly across the street from a playground and tennis courts.

Just Sold: 2348 Hickory Place, Erie CO 80516

Just Sold: 2348 Hickory Place, Erie Colorado 80516

Asking Price: $635,000

Sold Price: $635,000

I operated as a transaction broker between both Buyers and Sellers on this 7 bedroom home in the Vista Ridge Subdivision of Erie.

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Just Listed: Cherry Creek Chic & Modern Home For Sale

Just Listed: Santa Fe Exterior Meets Euro Modern Interior

Address: 633 Colorado Blvd, Denver CO 80206

List Price: 499k

You’ll be pleasantly surprised by this grand opportunity: A contemporary oasis located in desirable Congress Park. A “Santa Fe” style 1930’s simplistic exterior. Inside, a LOFT-open and airy. The house is updated to meet the current trends. This modified 2b/1b is extremely unique! WALK to every convenience necessary to live, without a car! 5 blocks from N Cherry Creek, across from Trader Joes/Snooze, New 8th-9th & Colorado developments, 7th ave parkway, Starbucks, Einsteins, an infamous locals bar, Hill-Steck Schools. Brand New White Kitchen with all new modern appliances-A minimal European approach with open kitchen/living space. Gas fireplace with barn wood tile finish. Pebble rock epoxy flooring- sleek, durable, and dog friendly. Bath is brand new with sauna. Cedar ceiling, grey tile that mimics concrete. A fully walled mirror with side lighting. Gas fireplace on back patio perfect for entertaining. Consider this a desirable and remarkable haven. Certainly, a one of kind property.

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Denver & Boulder Real Estate Market Update

Recently I was speaking to a client of mine who was distressed about this “crazy new real estate market” and how “prices are just too high these days.” It got me thinking about how important it is that I do everything I can to set the record straight among my clients so they can better recognize where we are in the current market cycle. For folks who are interested in real estate and might be considering buying or selling a property, understanding the big picture is critical. Critical! So here’s where the market stands.

The majority of folks I speak with think this tremendous sellers’ market and super tight inventory is something new and something that’s going to come to a head and suddenly erupt overnight. Neither is true. Here’s the truth: we are SEVEN YEARS PAST THE BOTTOM of our last real estate cycle as you can see clearly from the below graph. Just because the Denver Post is suddenly aware of the real estate market and Zillow writes screeching articles about the tight market in order to sell ad space don’t be fooled into thinking this is something new. It’s not. It is a logical continuation of a market that is reacting correctly to the overselling we saw between 2006 and 2008, dropping 25 percent during that period. It’s doing exactly what real estate market cycles do, go up and go down over long periods of time. But remember, over the past 40 years residential real estate appreciation has averaged about 6 percent per year and there is no reason to think that it is going to change over the next 40 years.

We tend to erroneously think of market cycles in short terms, spiking and crashing over narrow periods of time and generally messing everything up. A quick look at the last market cycle shows clearly this is not how real estate works. Real estate cycles tend to move in much broader periods. Our last market upturn was from1990 – 2007, 17 years! This is why predicting short-term market movements can be very difficult, whereas recognizing the market will move in much broader cycles is more accurate. It’s what we learn by studying real estate market cycle history.

Let’s talk about where we are in today’s cycle. We are currently seven years past the bottom. The past seven years have been a sellers’ market with plummeting inventory, rising prices, nervous buyers often involved in multiple offers, and happy sellers more often than not getting the price they wanted.

But the client I referred to above was a potential buyer and he was very nervous. He tries to stay informed, reads news articles, watches TV reports and concludes the market is teetering on the brink of a crash and is therefore afraid to buy. And he’s been thinking this for years! He wants to buy because his rent is skyrocketing, up 10 percent this year alone, but he’s confusing the short-term media screeds about this tremendous market with the long-term patterns of market cycles, thinking that the minute he buys a home the market is going to crash.

So let me be clear: no one can predict the real estate market with 100 percent accuracy. I can’t, the Federal Reserve can’t, the banks with all the money can’t (obviously!), no one can. But, understanding how market cycles work, and recognizing how low our current inventory is, I can say with confidence I do not see any impending weakness in the market over the next couple of years. We are seven years into what will probably be a very lengthy cycle of low inventory and rising prices.

I can’t tell you what the Dow Jones will finish at next Monday. I can’t tell you if the Rockies will win their fifth game of the season. I can’t tell you what the weather will be on April 6. But I can say with confidence that real estate tends to move over predictable long-term trends, and this market cycle has a long way to go.

Just Listed: Downtown Denver Brownstone with Amazing Views!!

Just listed: 2900 Inca Street #25

List Price: 540k

Cool and modern 3 story plus rooftop deck end unit brownstone only minutes to the new Union Station/Coors Field/LoDo/LoHi. Kitchen includes professional grade Viking stainless appliances, European cabinets, slab granite counters with long island and 100% hardwoods. Off the kitchen is an open floorplan into the living room w/fireplace (not all units have fireplaces) and balcony for bbq. This end unit is unique because it has more windows and allows more natural light than others, plus low HOA fees. Upstairs is the master/master bath and another bedroom/bath ending with an amazing rooftop deck up on the 4th floor. Views of Coors Field/Downtown/and the Mountains. King Soopers/Starbucks across the street now open.

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