June 2010

There are 15 blog entries for June 2010.

Golden Triangle Market Report - Denver Colorado Real Estate

Listing price – Civic Center

The median sales price for homes in Civic Center, Denver for Mar 10 to May 10 was $389,000 based on 3 sales. Compared to the same period one year ago, the median sales price increased 31.4%, or $93,000, and the number of sales decreased 62.5%. Average price per square foot for Civic Center was $293, an increase of 22.6% compared to the same period last year.

There are currently 38 resale and new homes in Denver on Trulia, including 7 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Civic Center was $428,677 for the week ending Jun 09, which represents a decrease of 13.1%, or $64,447, compared to the

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Listing price – Lowry Field

The median sales price for homes in Lowry Field, Denver for Mar 10 to May 10 was $314,500 based on 52 sales. Compared to the same period one year ago, the median sales price decreased 13.4%, or $48,500, and the number of sales increased 126.1%. Average price per square foot for Lowry Field was $197, a decrease of 0.5% compared to the same period last year.

There are currently 134 resale and new homes in Denver on Trulia, including 2 open houses, as well as 19 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Lowry Field was $487,331 for the week ending Jun 09, which represents a decrease of 3.8%, or $19,497, compared to the prior week.   For more information on

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Dallas Police and Fire Pension System to fund Arts District condo project

09:35 AM CDT on Wednesday, June 16, 2010

 

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com

 

Developers who have been working for more a decade to build a soaring downtown Dallas condo tower say they are moving ahead with those plans.

Museum Tower Museum Tower The luxury condos in the planned 42-story Museum Tower will overlook the future Woodall Rodgers Park. View larger More photos Photo store

The 42-story Museum Tower will have more than 100 luxury residences, smack in the middle of the Arts District.

The builders reached an agreement with the Dallas Police and Fire Pension System to fund the $200 million development, partner John

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How is the Denver Real Estate Market doing?  In a new study out by Bloomberg Businessweek, Denver has been named America's most improved market. 

According to the report, "In Denver, the economy and employment slowed just as other areas did during the recession, but things appear to be moving in the right direction this year.  Denver-Aurora-Broomfield metro-area home prices increased 5.8 percent in the first quarter from the same period of 2009 as sales grew and distressed sales fell. 

It also notes signs of the area's reviving economy, including prospects of rising employment.  "An influx of renewable energy companies and the relocation of kidney care giant DaVita's headquarters to Denver from California in 2009 are expected to create jobs,"

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  What is a party wall agreement, I keep seeing them listed on some of the Denver townhomes I have been looking at?  And is it a big deal and is it something to be worried about? With HOA's on the rise across the city, more and more townhomes, duplexes and attached homeowners have been trying to convert from a managed Home Owners Assocaition to a party wall agreement.  The beauty of a party wall agreement is that you have a legal document that lays out how all issues that involve a common wall will be handled, without having to pay a Home Owners Association to enforce it.  A lot of buyers have been trying to avoid HOA's and their ever increasing fees because unlike your mortgage payment, it is money spent each month that you will never get…
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Life at The Millennium

“La Vie” is the new lifestyle series for the residences of Millennium Tower here in San Francisco and we wanted to give you an insider’s look.

Conceived as a social network within the building, “La Vie” has developed into the urban equivalent of a block party. I’ve attended several of the events personally and some of the activities are more appealing than others. However, there is something for everyone! …and isn’t that the point?

Beginning with an introductory letter, delivered to each resident, The Club Level Concierge introduced the new program. The calendar consists for a monthly schedule ranging from “Fireside Chat” with Carmen Policy, of the San Francisco 49ers, to “Share A Bottle Night, in which each participating

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By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com

June 11, 2010

It's a breezy summer morning, but nobody's at the pool yet at the new Ritz-Carlton Tower Residences in Uptown.  A couple of dog walkers are making their runs through the marble-floored lobby, but the staff outnumbers the residents on hand.

About a third of the 95 units in the 23-story luxury high-rise have been sold, according to tax records. But the building sales staff says business has picked up.

"We've closed 10 sales since the first of the year – $21.5 million in sales," said Joseph Pitchford, the senior vice president of development for builder Crescent Real Estate Equities. "That's significant, considering the challenges we faced in 2009."

The recession

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  What Downtown Denver condo buildings have pet restrictions?  I get this question a lot when people are looking to buy in a condo building, especially Downtown.  It is truly amazing how us Denverites revolve so much of our everyday life around or dogs, but who can blame us?  I have had buyers willing to spend thousands more on a condo that is pet friendly or close to a park, so wanting to know up front which buildings have restrictions makes complete sense.

While most buildings in Denver allow dogs, there are quite a few that have restrictions or don't allow dogs or pets at all.  Below is a small list of buildings that have some type of restrictions.  These restrictions could be anything from a limit on the size of the dog, how many you can have, or…
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$1,995,000 // Forest Hill // Sotelo Ave BR/BA: 4/4.5 PKG: 2Brief Description: This elegant & gracious 1930’s Hollywood Regency home located on a sophisticated tree lined street awaits your clients. 4 Bedrooms and 4.5 bathroom home with lots of original details, wood burning fireplace, Golden Gate views, plenty of storage and beautiful French Revival garden Property Website: www.56sotelo.com www.56sotelo.com

$819,000 // Russian Hill // Leavenworth Street #203 BR/BA: 2/1.5 PKG: 1 Brief Description: Light filled, top floor condo with hardwood floors and city views. FIRST OPEN~ Sat June 12th 2-5pm – Sun June 13th 2-5pm~ Property Website (if any): www.leavenworthstreet.com www.leavenworthstreet.com

$649,000 //SOMA // Confidential address BR/BA: 1/1.5

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San Francisco Real Estate: June 2010 Update

 
Paragon Real Estate Group
click for larger image

SF Homes Accepting Offers
The market cooled in May after the frantic rush to get offers accepted before April 30th so as to qualify for both the expiring Federal tax credit & the new California tax credit. That rush inflated April’s results and deflated May’s, but May 2010 was still 9% above May 2009. Last year, the market did not slow appreciably — as is typical — during the summer months. We’ll see what happens in the summer of 2010.

 
Paragon Real Estate Group
click for larger image

Inventory Absorption
This chart reflects a market that is cooling a little from the frenzy of April: both accepted offers and new listings are down a little; and residual inventory is up a little (but still lower than

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