New Builder Coming to Denver
The real estate market in Denver has been experiencing modest growth over the past few years. This year’s forecasts are upbeat and the motentum appears to be good, particularily in light of recent announcements on the builder front.
Ashton Woods Homes, one of the largest home builders in the country is about to join the ranks of national builders in the Denver metro area. Ground breaking could begin as soon as this summer, pending certain building permits are obtained. Ashton Woods focuses on Class A locations with a very high-design product.
Welcome to the Denver real estate market!
Colorado Jobs
Colorado jobs are regaining at a rate faster than the rest of the country. Job growth last year was 2.1 percent. The Colorado Department of Labor and Employment Reported growth in the construction, natural resources, financial services, professional and business services including lawyers, accountants, architects, scientific researchers and advisers.
Denver real estate and relocation
Denver Restaurant Week 2006
If you missed it last year, don’t miss it this year! The second annual Beringer Denver Restaurant Week is scheduled for February 25 - March 3, 2006.
Diners will have a choice of 117 restaurants offering multi-cource dinners for the "mile high" fixed price of $52.80 for two or $26.40 for one (excluding tax or gratuity).
To view the entire list of Denver area restaurants follow this link. Bon appetit!
Denver’s Commercial Real Estate sets record high
Denver area commercial sales topped $3 billion for office buildings, retail and industrial properties.
The record sales were the equivalent of all of the large commercial real-estate transactions in the Denver area from 1990 to 1995.
source: Rocky Mountain News
Fifth Graders Ski Free
If you are a fifth grader, sign up for your free Fifth Grade Passport to ski and snowboard free at 24 Colorado resorts this season. Application deadline is January 31, 2006. As a fifth grader you’ll get three lift tickets to each of 24 ski areas. NO STRINGS ATTACHED! That’s 72 days of free skiing and riding. Plus you’ll receive discounts on rentals, lessons, and tickets for mom and dad.
Applications are available at the following locations state wide: King Soopers, City market, Colorado Ski and Golf, Boulder Ski Deals, and the Eskimo Ski Shop. Or visit our website at Coloradoski.com for more details. Be sure to have your application postmarked by January 31, 2006 to be eligible. For previous Passport holders the S ixth Grade Graduate Pass offers the same 72 days of skiing or riding for only $59 before January 17th, 2006. See the website for details. Enjoy!
Denver Welcomes Southwest Airlines
Southwest Airlines, the low-fare carrier arrived back in Denver today. They will begin daily nonstop service to Chicago, Las Vegas and Phoenix immediately. In the next few months the airline is expected to add another 6 flights to other destinations.
Welcome to Colorado Southwest Airlines!!
Denver Real Estate & Relocation
Housing Predictions for 2006
The National Association of Realtors has forecast the Front Range will post an average appreciation of 7% each year in the next two years. The prediction is based on the forecast of job growth in this region as well as the recent boom in the energy sector.
Denver Real Estate & Relocation
Denver Real Estate Statistics for December 2005
December 2005
Metro Denver Prices:
| Single Family Average Price: (Detached Dwelling) | Dec 2005 | $303,834 | |
| Nov 2005 | $309,030 | ||
| Dec 2004 | $288,818 | ||
| Condo Average Price: (Attached Dwelling) | Dec 2005 | $190,023 | |
| Nov 2005 | $187,194 | ||
| Dec 2004 | $184,189 | ||
| Combined Average Price: | Dec 2005 | $278,544 | |
| Nov 2005 | $281,716 | ||
| Dec 2004 | $265,717 | ||
| Percent of Sales Price Change: from Dec 2004 to Dec 2005 | Single Family: | +5.20% | |
| Condo: | +3.17% | ||
| Combined | +4.83% | ||
| Total Combined Number of Homes for Sale: | Dec 2005 | 23,572 | |
| Nov 2005 | 26,020 | ||
| Dec 2004 | 20,891 | ||
| Percent of Change in Available Inventory: (Dec 2004 vs. Dec 2005) | +12.83% | ||
| Number of Combined Homes Sold this month | Dec 2005 | 4,086 | |
| vs. previous month | Nov 2005 | 3,903 | |
| vs. same month last year | Dec 2004 | 4,416 | |
| Average days on Market: (Combined Sales) | Dec 2005 | 97.67 | |
| Nov 2005 | 91.28 | ||
| Dec 2004 | 89.75 | ||
| Absorption Rate: (number of weeks necessary to sell current combined inventory at current rate of sales) | Dec 2005 | 25.00 weeks | |
| Nov 2005 | 28.89 weeks | ||
| Dec 2004 | 20.50 weeks | ||
| Median Sold Price:Single Family | Dec 2005 | $245,000 | |
| Nov 2005 | $248,250 | ||
| Dec 2004 | $232,500 | ||
| Condo | Dec 2005 | $160,000 | |
| Nov 2005 | $165,500 | ||
| Dec 2004 | $155,475 |
This site brought to you by Kristal Kraft, a licensed Colorado Real Estate Broker