Foreclosure Traffic Jam – Breaking Up

A while back, foreclosures in metro Denver were like a morning rush hour — lots of them clogging the system with even more trying to squeeze in. But the rush hour in foreclosures seems to be winding down.

My first indication of this came from an appraisal I reviewed in November 2010 on a property one of my buyers was purchasing. The appraisal included an “Economic Profile” for the market as a whole. In that profile, the appraiser noted that foreclosure filings for the first 9 months of 2010  were down dramatically versus the same time frame in 2009. Denver County led the way with 20.1% fewer foreclosures.

This trend has continued in the 1st quarter of 2011. Public trustees report that foreclosure filings are down 33.2% in metro Denver during the first three months of 2011 compared to the same period in 2010.

Further good news comes from the National Association of Mortgage Bankers. This group tracks mortgages were the borrowers are more than 30 days delinquent on their payments. Delinquency rates are dropping and Colorado’s delinquency rate is considerably below the national average. With fewer people behind on their home loans, the number of foreclosures is probably going to continue to decrease in coming months.

All of this is good news for buyers and sellers. Prices have firmed up and started to climb in many areas and this is good for sellers. It is also reassuring to buyers as they’d like to buy at a time when they sense that the market has stabilized and is turning around.

With lots of uncertainty on so many fronts, it is nice to know that at least one trend is heading in the right direction. – agent post, Colorado Home Realty

Market Stats March 2011

Denver Metro Market Stats – Feb 2011

Metro-Denver-Real-Estate-Market-Summary-201102

These statistics, similar to reports you receive from the media, are for Denver Metro as a whole and DO NOT represent what is going on in YOUR neighborhood. They are too generalized to be of any real help to you, personally. Some areas are doing better and some are doing worse than these averages.  When you want to know what is going on with the real estate market in your area, give your Colorado Home Realty agent a call. They’ll have resources to give you great insight into the trends that affect YOUR real estate needs.

Denver Market Stats – January 2011

January 2011 Denver Market Stats

These statistics for the whole metro area DO NOT represent what is going on in your neighborhood. Some areas are doing better and some are doing worse than these averages.

GOOD NEWS:  Colorado Home Realty agents have stats broken down by 46 different subsections within Metro Denver. This data also provides market trends by specific price ranges. CHR agents can drill down into your area to tell you what is going on in your specific part of town.

The reports you hear in the media are too generalized to be of any real help to you, personally. When you want to know what is going on with the real estate market, give your Colorado Home Realty agent a call. They have resources to give you great insight in the trends that affect YOUR real estate needs.

Metro Denver Real Estate Market Trends

Cool Blizzard Timelapse

Hi All! Even though, we haven’t seen this much snow yet this winter we are bound to soon.  Thought this was a great timelapse to show what we all can relate to from years past.

October 2010 – Metro Denver Real Estate Market Summary

 

What is really happening in the Denver real estate market?  You probably hear reports on radio and TV from time to time about this topic. Do they seem confusing and even contradictory? 

At Colorado Home Realty, we don’t rely on media reports. We do our own research. Every month, an officer of the company compiles the latest sales data and makes that information available to me. We summarize the overall market based on data from multiple sources.  

But here is the rub – you don’t live in the Denver real estate market. And, if you are a buyer, you are not going to buy a house in the Denver market. You live in (or you are going to buy a house in) one of the many submarkets that make up the overall real estate market for Denver. Your area and your price range may be doing better or worse than the averages.

 No problem. For starters, the stats available to Colorado Home Realty agents have the entire Denver metro area divided up into 46 different sub-sections. We also run stats by price range.

 All of this information helps us have a better handle on what we are likely to face if you need to sell and where it is most advantageous to buy if you are going to make a purchase.  So forget the media reports. They are too generalized to be of any real help to you personally. When you want to know what is going on with the real estate market, give us a call. We’ve got access to lots of resources to give you great insight in the trends that affect your real estate.

Rocky Mountain Raffle

This raffle is a great idea and for a good cause! Check it out!

Two more days to buy your ticket to win a downtown Denver home or $1 Million Cash (see rules at www.rockymountainraffle.com)

Your ticket purchase benefits Colorado Boys & Girls Clubs. Tickets are $100 (discounts on 3 and 10-packs of tickets are available) and only 30,000 tickets may be sold.  The Grand Prize winner chooses the Downtown Denver condo or $1 million cash.* * Final grand prize amount may vary based on total number of tickets sold. See Rules.

CLICK HERE:

http://rockymountainraffle.com/?utm_source=5280&utm_medium=email_deals&utm_campaign=raffle

How Often Does a Client Buy Lunch for Their Realtor?

Not to Mention, Their Realtor’s Entire Office!!!

Yvonne Alan (Realtor) celebrates with the entire team of realtor’s and loan officers at Colorado Home Realty and Colorado Home Mortgage.

Yvonne’s clients, who recently relocated to Denver from the east coast, catered lunch for the entire Colorado Home Realty (CHR) / Colorado Home Mortgage (CHM) office as a thank you for the outstanding service they received while working with Yvonne and her real estate and lending team.

From searching for homes to financing the mortgage, Yvonne Alan and the processes in place at CHR and CHM, more than wowed her clients – it reinforced the Colorado Home Realty philosophy we strive to achieve every day, “Exceeding the expectations of our clientele is not just our goal, it’s our passion. We are committed to providing exceptional communication and absolutely outstanding service.”

Four Mile Fire – Help for Boulder Fire Evacuees

The Marriot TownePlace Suites in Broomfield is offering special discounts to evacuees of the Boulder Four Mile Fire.

Call (303) 466-2200 and ask for the “Boulder Fire Rate.”

Studio Suites – $59.

Provide a CO drivers lic. at check-in.