February Slifer Report

February 2012

The Slifer Report Featured Listing

City-Close Market Snapshot

Glass House Penthouse 2312

Low Inventory in Quality Homes Good homes, in great locations, are in short supply throughout the Denver market. There has been no better example of this than the recent history at The Park ONE Riverfront. Three homes have gone under contract in less than 60 days with listing prices over $500 per square foot. ➡ Luxury Homes. The Case-Schiller index found that Denver is the country’s fourth best market for homes over $1,000,000. ➡ Available Homes. Inventory in Denver’s city-close neighborhoods is very tight. As an example, only 4% of the homes in Riverfront Park are for sale.

Tanya’s Take

We’re Getting There I feel like I’ve been saying this for ten years, but, honestly, we’re getting there. We’ve seen a real This penthouse is extraordinary! Do you love to look at the city at night, at Coors Field and the Rocky

uptick in our business. I have a chance to talk to

Mountains during the day? This gorgeous home has

brokers almost every day and there’s a palpable sense that things really are approaching normal. Buyers are buying and sellers are selling.

glass on three sides, sits on top of the world-on the top floor of the Glass House, with Mountain, City, Platte

We’ve even seen new product, particularly in the Highlands, have success. There’s no doubt that nothing matters more right now than

River, Coors Field and Commons Park views. Enjoy the best home in the best high rise in Denver. $1,295,000.

location, but that’s always the case. We expect to see limited price

➡ Contact Scott Leggett at 303-817-7320.

➡ Contact Tanya Heller at 303-927-8867.

increases in the best neighborhoods on the best blocks.

What We’re Seeing Now

At Home

Around Town

➡ Two bedroom condominiums are selling quickly.

➡ Westword’s Artopia, Denver’s most agressive art-thing-a-ma-jigger, on

➡ Homes within walking distance of restaurants and parks sell. ➡ Smaller bedrooms in exchange for larger kitchens and living areas

February 18th. Google it. ➡ It’s months away, but if you want tickets for The Book of Mormon, we’d suggest you get them. They’ll sell out.

www.sliferdenver.com

February 2012

The Slifer Report Featured Closing

Agent Profile

Palace Lofts 8A

Lisa Shermer Tell us what you see in the market?

There’s really a lack of quality homes. I have a couple that’s looking for a Denver Square in LoHi - they just love the neighborhood, who wouldn’t? - and we’re having a tough time even finding homes to look at, let alone ones that meet their very reasonable base expectations.

Describe your own dream home.

In Wash Park, on five lots, with a yard large enough for a growing boy.

In my current home in the neighborhood, my husband and I have remodeled about as much as we can. We love it. We love our street.

Actually, if it didn’t mean they’d have to move, I might try and force our next door neighbor to sell to us. Did I mention we walk to Sushi Den a couple of times a month?

Tell us about your last transaction?

I’d been working for months with a great client buying his first home.

A rare corner one-bedroom, Glass House 1118 recently closed for $6,000 more than the asking price. The new

We chased some deals, but big discounts are harder and harder to come by in LoDo. So, he ended up deciding to buy something he loved first and still felt was a good value.

owner is a first-time homebuyer that works downtown.

First on her list of desires was a place she could walk home to. After that, she was looking lots of natural light, views, great finishes and an open plan. She didn’t

➡ Contact Lisa Shermer at 720-273-3019.

If You Haven’t, You Should Eat Here

know she was looking for Glass House, but, “It was the pool, the Park, a drink at Zengo and the doorman that

Linger

got [her] so excited.”

Following on the incredible success of his hit restaurant Root Down, Chef Justin Cucci’s new joint in the old Olinger Mortuary. The menu is

➡ Contact Lindsay McBride at 303-618-3622.

as clever as the name. 303-993-3120. lingerdenver.com

New at Slifer Smith & Frampton - Denver

Expanding Our Reach, Focusing our Talent Over the past few years, Slifer, Smith & Frampton - Denver has focused its efforts

recently expanded our focus from Riverfront Park to the rest of the city’s most urban

on serving the huge client base we’ve

neighborhoods. At the same, time, we’re

established as the exclusive listing agents in Riverfront Park. That group has grown and

upgrading our marketing, remodeled our website, and enhanced our sales team. Our

begun to move. We are, too. We’ve

goal is simple: to be the best.

www.sliferdenver.com

February 2012

The Slifer Report Just the Facts, Ma’am - Cherry Creek North

A Fluctuating Market Means Some Deals for Sellers, Some Deals for Buyers 590,000 567,500 545,000 522,500 500,000

1/10

6/10

Single Family Condominium Townhome

11/10

4/11

9/11

14% 53%

33%

By the Numbers ➡ 26 homes purchased in 2011 ➡ $717,000 average price

Single Widowed Divorced Married

➡ 8.21% difference between list and closed price 35%

40%

15%10%

Source: zillow.com (includes outlying areas)

➡ 171 average days on market ➡ $286 per square foot ➡ $222 per square foot including basement Source: MLS (Cherry Creek North only)

Something Different

Transforming Lives, Really, Through Art Platte Forum, located in Riverfront Park, brings new thinking to the challenges of

opening reception at PlatteForum. The youth focus on a process-based model to create

troubled youth. One way they do this is their

new artworks through integrative learning

Learning Lab Program. A series of intensive workshops, where small groups of youth,

and experimentation.

K-12, work side-by-side with creative residents. These interactive workshops build

Learn more at www.platteforum.org

upon the ideas and forms of the resident

Required Disclosure This newsletter is not a solicitation to list or sell real estate. Furthermore, while information is believed to be accurate, it is represented subject to errors, omissions or changes.

artist and culminate in the completion of a body of work presented to the public in exhibitions and performances with an

www.sliferdenver.com