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Black Hawk, CO Real Estate News

By Belinda Spillman, Colorado Living!
(Aspen Lane Real Estate Colorful Colorado)
  You Don’t Always Need an Office to Conduct a Closing   I recently listed a home for a friend of mine and the home is located in Black Hawk, Colorado which is about 55 miles west of my house. The buyers work and live in Black Hawk so when it came time to coordinate the closing, they wanted it up there.  My seller was OK with that because he has moved to Nevada but flew out for the closing and a mini-vacation.  My title company had no facilities in that part of the world, so we had to order a traveling notary.    Black Hawk is a gambling town which used to be a gold mining town and it has lots of casinos.  What it lacks is office buildings or anywhere appropriate to hold a closing.  Remember, in Colorado, all parties attend the closing.  I certainly didn’t want to hold the closing in be...
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By Emelyn Morris-Sayre, CRS, REALTOR, Lakewood/Denver 303-517-5116
(The Berkshire Group)
It is a buyer's market in Black Hawk according to the most recent statistics based on zip code. During the month of September, 2011, 4 homes sold in the area with an average day on market of 89 days.  There are currently 56 homes available for sale in the zip code 80422 which includes the city of Black Hawk as well as some of the beautiful surrounding mountain areas.  This reflects a 60.67 weeks of inventory (just of current homes) so that means it is an extreme buyer's market right now. Many people think of Black Hawk as simply a gambling town; however, Black Hawk is much more. The gaming district comprises of 5-8 city blocks and then the total area changes.  The historic area consists of beautiful Victorian homes, and then you round the corner to beautiful mountain vistas, heavily tre...
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By Emelyn Morris-Sayre, CRS, REALTOR, Lakewood/Denver 303-517-5116
(The Berkshire Group)
Well, I have been following the beautiful Columbine....but right now, in Colorado, green seems to be a real issue. So I am including a photo of Colorado Green.....the new crop in our area. With upcoming legislation going into affect on July 1, 2011, there are still so many questions to be answered and issues to be resolved.
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By Will Hamm, "Where There's a Will, There's a Way!"
(Hamm Homes)
I just got back from eight days in Ohio where I spent time with my daughter and her family.  She had her fourth child and I was happy to be there for the birth. I got home late Sat. night and had a golf tournament on Monday.  My business partner, Belinda, was very busy the entire time I was off.  She got one of our listings under contract, took buyers out and listed two homes. Yesterday, she drove me to one of the listings so I would have a chance to see it.  It is a custom built home about 5 miles past Black Hawk.  I wondered why she took a listing so far away, then I saw it.  What a place! This home is located at 412 Evergreen Road in the Missouri Lakes neighborhood and is listed for $568,000.  It is a custom built 4,607 square foot home sitting on one acre in the best location of the...
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By Emelyn Morris-Sayre, CRS, REALTOR, Lakewood/Denver 303-517-5116
(The Berkshire Group)
   On January 12th, voters of Black Hawk almost unanimously agreed to raise the gaming limits from $25 to $100. I believe there was a total of 90 eligible voters and the issue passed 54-6!  Casinos will now be able to offer roulette and craps and extend their operations to 24 hours a day.     Residents of Central City will vote next week, January 19, on whether to allow the casinos within their city limits to raise the maximum bets. This is one issue that I believe the two cities will agree on. Cripple Creek already passed the measure. Gaming in Colorado is limited to these 3 districts.    We anticipate a renewed interest in real estate in Black Hawk, Central City and the surrounding mountain subdivisions of Gilpin County.  The areas outside of the two municipalities have maintained the...
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