Slifer Report - July

Page 1

March 2012

The Slifer Report Featured Listing

City-Close Market Snapshot

Park Place #515

Denver’s Home Prices are (still) Increasing Denver is the third-most prosperous market in the US, according to the Case-Schiller Index. Every month, Denver home prices continue to reach upwards, and Detroit and Phoenix are the only other cities in the US with positive trends as well. Good news for sellers, for sure. •

Prices Up. There was a 3.07% average price increase just since April - and 10.45% since this time last year.

Inventory Down. There is 40.79% less inventory right now than there was a year ago. Numbers wise? That’s roughly 7,000 less properties.

Lindsay’s Take

Inventory? What Inventory? The question my clients have been asking me most frequently these days is “Where are all of the properties?” It’s a question that doesn’t have a This contemporary, urban, light-filled loft in Denver’s most sought-after neighborhood is situated steps away

simple answer. Many homeowners who may be looking to sell are cautious about the current positive state of the

from everything. Bright and open with one bedroom,

market and thus, don’t feel like they’re going to get a fair price for their home... hence a distinct lack of listings. The great news, though, is that

one and a half baths, great closet space and a large kitchen with stainless steel appliances, this home truly

those wary homeowners are gradually warming up and more inventory

captures the pulse of downtown life. welcome home! $410,000.

is being seen, slowly but surely. My tip: be patient. It might take a bit longer to find that perfect home, but it’s out there.

Contact Tanya Heller at 303.927.8867

Contact Lindsay McBride at 303.618.3622

What We’re Seeing Now

At Home

Around Town

Flexibility and long-term planning are bigger factors for buyers as of late. Even

Every Sunday from June 3rd through August 5, City Park is overtaken by jazz

with the market picking up, buyers are

lovers. Bring a blanket, some friends,

thinking about the potential usage of their home’s spaces much further into

and some food and listen to some of the best jazz in town. For more info

the future.

visit cityparkjazz.org

www.sliferdenver.com


March 2012

The Slifer Report Featured Closing

Agent Profile

The Park at ONE Riverfront 4

Tanya Heller Tell us what you see in the market? Prices are improving; they’re not coming up by leaps and bounds but due to overall economic improvement and reduced inventory, the market is beginning to favor the seller's lack of inventory. It’s creating frenzy and multiple offers. As a buyer, when you find “it” you need to react aggressively. Describe your own dream home. My dream home is ever changing. Today, I’m looking for simplicity, flexibility and mobility. I’d like to be fully equipped to be plugged in when needed so that I can continue to service my business 100% from anywhere. Tell us about your last transaction? Although the process remains the same, what I love is the people it brings into my life. I have met some fascinating people that I truly hope to stay connected to for many years to come. It takes more time and effort to bring transactions to close which brings a closeness with all

This first-floor stunner at The Park ONE Riverfront pairs high-end finishes with an open and functional floorplan.

parties involved. I continue to expand my knowledge to adapt to the marketplace and look forward - with anticipation to the next one.

The first-floor location provides a private entrance and quick access to the great outdoors, and nearly 60 feet of floor-to-ceiling glass provide gorgeous views of Commons Park. The custom kitchen and hardwood floors make this a truly one-of-a-kind home. This fantastic home closed at full price within a week! Truly amazing. $899,000. •

Contact Tanya Heller at 303.927.8867

Contact Tanya Heller at 303.927.8867

If You Haven’t, You Should Eat Here

cafe|bar The fries are to die for and the patio is perfect for an after work cocktail or to take in a warm Colorado night. 303.362.0227 www.cafebarcolorado.com

New at Riverfront Park

Al Lado We’re so excited we can’t sit still. Our beloved neighborhood restaurant Zengo will

brother. And the best part is that it’ll be right next door! If you’re around the

have a sibling shortly! Al Lado - Spanish for

neighborhood, construction is in full swing.

‘on the side’ - will open soon. The menu will feature small plates and an extensive

Chef Richard Sandoval is sure to hit this one right out of park too. We can’t wait!

winelist, as a contrast to it’s more formal big

www.sliferdenver.com


March 2012

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

It’s Coming Back! 550,000

Home Values

535,000 520,000 505,000 490,000

1/10 4/10 7/1010/10 1/11 4/11 7/11 10/11

Single Family Condominium Other

Single Widowed Divorced Married

9%

28%

By the Numbers 64%

39%

35%

16%10%

Source: zillow.com (includes outlying areas)

• •

229 homes purchased in 2011 $550,041 average price

4.65% difference between list and closed price

• •

129 average days on market $237 per square foot

$199 per square foot including basement

Source: MLS (Cherry Creek Sub-Area)

Something Different

The Coolest New Rooftop in Town Yeah, yeah, the rooftop at Linger’s great. The coolest? In a parking lot atop the Denver FilmCenter.

Raise the Roof -- a

festive combination of live entertainment, food and drink provided by neighborhood

except maybe the local thrust: "It’s a Denver block party, full of all things Denver," he says. Every second Thursday, June 14 - August 9.

restaurants, and a free-movie tie-in — will debut June 14 from 5 to 9 p.m. up on the roof of 2510 East Colfax Avenue, with its mile-high views of downtown Denver and the Rockies.There’s no real theme, FilmCenter Director Ryan Oestreich notes,

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.

www.sliferdenver.com


March 2012

The Slifer Report Featured Current Listings

Glass House #1613

1,230 s.f. / 2 bed / 2 bath / 2 parking

$549,900

Beautiful two bedroom home in Denver's best building. Located on the Northwest corner, this home has incredible views of Commons Park and the Rocky Mountains. This efficient floor plan is easy to layout and has captivating views from every room. •

Contact Lindsay McBride at 303.618.3622

Creekside Flats #407

1,186 s.f. / 2 bed / 2 bath / 2 parking

$435,000

This home features fourteen foot ceilings, gas fireplace and a functional floor plan that is light and bright. Large wrap around balcony overlooking Cherry Creek with southwest mountain views. Best orientation in the building. •

Contact Tanya Heller at 303.927.8867

Park Place #515

1,195 s.f. / 1 bedroom / 2 bath / 1 parking

$410,000

Bright and open one bedroom unit, steps away from everything. A large kitchen with stainless steel appliances and a spacious wrap-around balcony complete this truly unique home. •

Contact Tanya Heller at 303.927.8867

446 S. Ogden St.

2,840 s.f. / 5 bedroom / 4 bath

$695,000

Beautifully remodeled home in Wash Park. West side, two block from the Park. Two new bedrooms and two baths upstairs, with two additional bedrooms on the main floor. Gorgeous original details, and a large, light dining / kitchen area. •

Contact Scott Leggett at 303.817.7320

Be a featured listing! List with Slifer Smith & Frampton Denver! We’re not just Riverfront Park anymore. Whether you’re in the Highlands or Cherry Creek, Wash Park or the Golden Triangle - we’d like to help you sell your home. Contact our office today. •

Slifer Smith & Frampton Denver, Inc. 303.623.1500

www.sliferdenver.com


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