Real Estate & Relocation ^ Colorado

Metro Denver; Now is the Time to Sell Your Home

January is the month for the statistic reports for the past year.  As the sale numbers come out, it becomes clear that 2005 should be a good year for sellers in real estate.

Existing inventory is low and prices are high.  This combination makes a good environment for selling.  Is it time to sell your home?

If your answer is "yes", continue reading The Denver Blog over the next few days for tips and stategies to get your home ready for the Denver real estate market.

Take advantage of the favorable economic conditions this year.

For more information about Selling Your Denver Metro home contact: The Berkshire Group, Realtors as Denver Real Estate Company.

Mortgage Interest Rates Remain Low

Buying a home has become a reality for many who could not afford one thanks to the low interest rates. 

Fourteen years ago the prevailing interest rate was 10.13%.  At the end of the year in 2004 the mortgage loan interest rate was 5.84%.  The difference in buying power on a home loan of $250,000 was $744.72!

For more information about Denver housing and pricing trends visit The Berkshire Group, Realtors Market Update.

Click on the image to enlarge.

Parker continues growth

Pivotal, a Phoenix-based company, has paid $72 million for 3,000 acres in Parker where 6,200 homes and a golf course could be built.  The plan will provide for homes in the $200k's and going past $600k.  Home builders will be encouraged to build "green or energy-efficient homes.  The company will continue a modified version of "Prairie New Urbanism" which calls for landscaping and land uses that would require minimum water use while still being attractive.

Parker is located in Southeast Douglas county, Colorado.

Denver's Hottest real estate area is Lowry

Denver's Lowry neighborhood was the hottest in the housing market in the third quarter of 2004.  Based on the median price of homes sold, Lowry walked away with the honors at $514,382.  Rounding out the top five areas based on zip code boundaries were: Franktown, Boulder, Sedalia and Lone Tree.

Click here for more information about the Lowry Neighborhood in Denver.

Source: The Berkshire Group, REALTORS a Denver real estate company