Broomfield, CO Real Estate News

By Todd Barton
(Your Castle Real Estate)
TOPIC: Improving conditions in Denver's  market There are some signs of strengthening in our Denver market.  The metro area's inventory of available resale housing decreased 20% to 23,120 units in October from October 2007.  Some of this reduced inventory is attributed to homeowners taking their properties off the market in frustration because their property is not selling, but lower inventory implies a strengthening market.  Remember, the Denver area had housing inventory of 31,989 units in July 2006. Home sales rose 14% to 4,265 in September compared to the same month last year.  This is due almost entirely to the lower-end of the market (under $180K) selling like hotcakes. October's median selling price for single-family homes decreased 12% to $206,000 from the same month of '07, and...
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By Sean Mathes
(Your Castle Real Estate)
Investor often ask me what types of real estate investments are available on the market.  Here's what we tell them. This is the first of several postings on the topic. Please offer comments - positive or negative! Assignments.  If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing.  You will need to have a strong "sales" personality to succeed at it, though.    Rental Condo or Rental Home.  Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term.  This is how most new landlords get started.  You can hire out all of the property management functions, but in many cases you will do many of them on your own.  There are smaller down payment requirements th...
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By Sean Mathes
(Your Castle Real Estate)
      The big message has not changed since last quarter - it's still a great time to be a buyer in the condo market. Prices are at a three year low in many areas, and interest rates on mortgages are still historically low.The average condo price in Metro Denver declined 4% between 2006 and 2007: from $187K to $180K. Homes dropped 3% in that time period. Looking just at the first nine months of 2008 vs. the same time period in 2007, the price dropped 6%: from $181K to $172K. Homes dropped 11% in that time period. From their peak prices in 2006, condos have dropped around 9.5% while homes have dropped 12%. These numbers will be slightly different than Metrolist, as they are just Denver Metro and don't include outlying areas like Fort Collins, Colorado Springs, or Boulder.Some areas did ...
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By Sean Mathes
(Your Castle Real Estate)
    If you have not heard already, the inventory of home on the market in Denver has been declining. This is not true in many regions of the county. Your clients, who often only see national headlines, might not be aware of this favorable news. Our market has some unusual factors at work. Let's explore them, so you can better help your clients.If you look at the first chart (MOI 1), you'll see the MOI (months of inventory) for Denver's suburbs on the bottom axis and the average sales price in that suburb on the axis on the left side. Denver metro currently has about six months of inventory (a balanced market, on average), but you can see there is a lot of variety from one city to the next. Lower cost areas, such as Thornton, are seeing inventory move fast. Sellers (mainly banks) don't ...
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By Amy Ballain
(Red Door Group - Keller Williams Avenues)
It's that time of year when everyone that loves Halloween is in pursuit of the perfect pumpkin. Every year my family piles into the car and goes to my favorite pumpkin picking spot -Rock Creek Farm located in the City of Broomfield Colorado. Rock Creek farm has gorgeous pumpkins and is situated on 100 acres with beautiful Rocky Mountain views. This visit to Rock Creek Farm pumpkin patch has become a tradition for our family and many families we know in the Broomfield and Boulder areas. At Rock Creek there are many things to do besides just picking the perfect pumpkin. There is a wonderful corn maze that the kids and adults can enjoy. There is a farm animal display and an area that has all kinds of pumpkins, squash, hay and cornstalks you can purchase to decorate your front porch perfect...
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By Amy Ballain
(Red Door Group - Keller Williams Avenues)
Dog Daze at the Broomfield Bay Have you noticed the ever-so-popular trend that keeps growing over the past several years?  Pet marketing! Yes, folks we've all seen it in one form or another and I am a big fan since my Boxer dog, Scout, is one of my favorite people I mean things in this whole-wide world. Businesses everywhere are really starting to focus on not just marketing to people's kids but to people's pets. Here are some examples - I love the fact that my vet sends all correspondence in the mail ( except bills! ) addressed to Scout Ballain instead of me. I love that my dog has just as much of a selection of Halloween costumes as my kids do at some stores. I love that dog parks keep popping up all over the place. I love that there are new dog bakeries everywhere. I think it's hilar...
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By Chris George
(Your Castle Real Estate)
Investor often ask me what types of real estate investments are available on the market.  Here's what we tell them. This is the first of several postings on the topic. Please offer comments - positive or negative! Assignments.  If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing.  You will need to have a strong "sales" personality to succeed at it, though.    Rental Condo or Rental Home.  Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term.  This is how most new landlords get started.  You can hire out all of the property management functions, but in many cases you will do many of them on your own.  There are smaller down payment requirements th...
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By Todd Barton
(Your Castle Real Estate)
Investor often ask me what types of real estate investments are available on the market.  Here's what we tell them. This is the first of several postings on the topic. Please offer comments - positive or negative! Assignments.  If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing.  You will need to have a strong "sales" personality to succeed at it, though.    Rental Condo or Rental Home.  Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term.  This is how most new landlords get started.  You can hire out all of the property management functions, but in many cases you will do many of them on your own.  There are smaller down payment requirements th...
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By Todd Barton
(Your Castle Real Estate)
Take a look at the first page, for AUN (Aurora North).  Note these positive market trends this year:-          number of active listings steadily declining-          average list price pretty stable (finally!)-          U/C up dramatically-          Number of sales / month up (partially seasonality)-          DOM dropping-          Stability in average sold prices and sold price as % of list-          Sold price as % original price UP a lot - banks are getting better at pricing-          Number of expired listings down Every indicator is improving this year in AUN.  You will see the same trends in DSW (southwest Denver  County), but not as marked an improvement as AUN. By contrast look at DSE (southeast Denver County).  -          listings are up (they should be - seasonality)-         ...
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The average home price in Metro Denver increased +2% in the full year 2005 to the full year 2006, from $309,000 to $317,000. Comparing 2006 to 2007, the average home price across the metro dropped 2%, from $311,000. The average price of a foreclosure or short sale dropped in that time period -3% to $188,000. The average price of a non-distress sale increased 5% to $370,000. Sales volume over the last twelve months is off -4% for DSF/ASF. Foreclosure and short sale volume is up +31%; non-distress seller volume is off 20%.Some areas did better than others. The attached chart shows different neighborhoods in North Metro Denver. Each region has the neighborhood's name and the percentage of sales in the last twelve months that were either short sales or bank-owned properties. The second line...
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By Todd Barton
(Your Castle Real Estate)
 Here's an analysis of what has happened with home prices in different suburbs around Denver Metro between Jan-May of 2007 and Jan-May 2008: The average home in Castle Rock didn't actually drop 17% in value. Instead, sales volume of the large, expensive homes (those over 4,000 square feet) plummeted 71%, while consumer instead bought many more mid-size homes in the 2,400 - 3,000 sq ft range. Here, sale volume increased 26%. The mix of selling fewer expensive luxury homes and selling many more affordable mid-market homes drove most of the sales price decline in Castle Rock. The average price of a mid-size home in the 1,800 - 2,400 square foot range declined only 1.7%. This is why it looks like home prices are declining in Denver - there are many factors at work.
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By Stuart Dobson
(eLoanRates.org)
Flatiron Crossing Broomfield is about to change  FlatIron Crossing shopping center in Broomfield said Monday that the mall’s outdoor shopping village is about to get a major face lift and three new retailers will soon occupy one of the its largest spaces.  The Container Store and Forever 21 are two of the three new tenants that will occupy former Lord & Taylor space inside the mall. FlatIron, the third-largest mall in the state, has been after a tenant for a long time that could occupy the 120,000-square-foot space that’s been vacant for more than two years. Rather than leasing the anchor space to one store, the company decided to lease the entire 55,000-square-feet upper level to trendy apparel retailer Forever 21, and a portion of the lower level , 23,000 sq ft, to The Container Store...
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By Stuart Dobson
(eLoanRates.org)
What happened to the old Broomfield Athletic Club?The Broomfield athletic club building has been completely remodeled as office and retail space.  It has also been renamed The Troy Centre in order to better reflect its current use.  The spaces are modern, bright and maintain some of the old athletic club charm with wood flooring (at least on the lower floors).The building has been split into two floors all the way through with the upper floors being sold as office space and the lower floors as retail or storefront space because they have glass front and each space has its own entry to the parking lots.It's great to see the urban renewal in Broomfield and as usual Broomfield is on the cutting edge in the north Denver Metro region for re-development.  Let's hope this trend continues!
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By TEAM COhomefinder Broomfield Colorado Real Estate
(Remax Alliance- Broomfield Real Estate Team)
  Looking to buy a home in one of Colorado's best Golf Course Communities? Adams County Colorado is a great place to purchase real estate! Here is a great resource for you to find out about popular golf courses around BROOMFIELD COLORADO. Its also a great starting point if you are looking for BROOMFIELD COLORADO HOMES FOR SALE and the surrounding areas because you can see all the available real estate lisings by map here. ( Click on map to see all BROOMFIELD REAL ESTATE LISTINGS)                                Below is a list of all the golf couses in Adams County Colorado for you to check out for tee times, locations etc. Enjoy!      Aurora Hills Golf Course Bear Creek Golf Club Box Elder Creek Golf Course Buffalo Run Golf Course Centre Hills Golf Course Courses at Hyland Hills, The - ...
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By Stuart Dobson
(eLoanRates.org)
Country EstatesThe Country Estates neighborhood in Broomfield, CO are mostly Sheffield built homes from the Mid 2000's.  The homes are semi custom ranging from approximately 2200 to over 4000 square feet in size and ranging in price from $400k and up.  The Villas at Country Estates and Country Estates homes for sale offer a unique living opportunity in an exclusive Broomfield community. The premier gated newer home community is encircled by an attractive six-foot stone wall and is perfect for those who want a quiet and private atmosphere. The Villas at Country Estates offers homeowners a care-free lifestyle of year-round maintenance including front lawns, home exteriors, snow shoveling and trash removal. Surrounded by Broomfield open space and picturesque parks, this neighborhood is als...
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By Stuart Dobson
(eLoanRates.org)
Redleaf Courtyard Homes RedLeaf is Courtyard Home living at its best. Single-family homes facing a common motor court. Limited entry streets, neighborhood trails and parks and a pedestrian orientation encourage you to enjoy the great outdoors and get acquainted with your neighbors. Location: From 1-25, to the 120th Ave. exit (Exit 223) west. Turn left onto 120th Ave., then right onto Lowell Blvd Hardworking, small-town values await you in Broomfield. The Redleaf neighborhood is able to offer big city amenities mingled with a small-town community appeal. Neighbors in this comfortable area all know one another's names and have a goal of making Broomfield a better place to be for families that live in the area as well as those that are planning to move here. Open spaces and trails offer am...
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By Stuart Dobson
(eLoanRates.org)
Wildgrass Real Estate and Homes Wildgrass in a newer community in Broomfield Colorado that offers a variety of Real Estate choices from Townhomes to Single Family Homes. The Community is west of Sheridan Boulevard just north of 144th Avenue. With convenient access to E-470, Broomfield, Boulder, and Lafayette, shopping available at the nearby Flatirons Mall and views of the Flatirons in Boulder from many of the homes, Wildgrass is an exceptional community. Wildgrass offers quite a few choices of homes for sale from townhomes to single family houses.
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Spruce Meadows in Broomfield homes Spruce Meadows in Broomfield is an enclave of 73 Colorado style custom homes ranging in price from $1 to $4+ million (well maybe a little less right now in this current market environment) located on 180 acres with mountain views, horse trails, and open land. The homesites are from 1 to 3 acres and sccessory outbuildings are allowed. The community is close to both the Northwest Parkway and I-36 for quick access to both DIA, Flatiron shopping, the mountains, Boulder, and other recreational and dining activities. For more info about the community, and homes for sale please visit Spruce Meadows homes for sale
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By Stuart Dobson
(eLoanRates.org)
The Broadlands homes The Broadlands in Broomfield, CO is a premier community with condo's available from the 200's to custom homes over $1 million available. The community is roughly bordered by Sheridan to Lowell, from 136th north to 144th avenue. It is close to shopping, has good access to I-25, is a golf course community and has some local recreation and business centers. The broadlands really started to become popular in the early 2000 years and has grown since then. The area is now considered a fairly prestigious neighborhood to live in. For more information about Broadlands homes for sale please contact us directly at Infinity Real Estate Services.
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By Stuart Dobson
(eLoanRates.org)
Broomfield Colorado MLS The  Broomfield Colorado MLS is available here for potential buyers and sellers to search all Broomfield's residential listings for single family houses, condos, townhomes, and duplex's listed in the Broomfield Colorado area. Commercial listings are available in different property databases and you will need to contact a broker to help you search for them. Thank you. For More Information please contact:Stuart DobsonBroker AssociateInfinity Real Estate Services LLC303.919.0309 cellular303.410.8300 office303.327.7642 faxStuart@StuartDobson.comColorado MLS Search  
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