Melanye's Minute - A Blog about the Metro Denver Real Estate Market

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Real Estate Agent - Innovative Real Estate Group
Specializing in relocation and investment in the Denver metro area, including Arvada, Park Hill, Highlands West, Green Valley Ranch, Englewood, Lakewood, Greenwood Village, Highlands Ranch, Littleton, Denver County, and more.
A few weeks ago, the first part of this series, "Getting Started", gave you an overview of the eight different types of real estate investments.  Today we are going to learn more about this category. What this inves...
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...
 A LOT of agents don't advise their clients to get sewer scopes when they purchase a property. This is a major mistake.  A broken sewer can cost between $3,000 - $10,000 dollars to repair and it only costs $99 ($99Rooter - others are more expensive) to have a tech put a camera down the sewer pipe...
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 seasonali...
My agency, Your Castle Real Estate, was just featured in the Denver Post Newspaper with the information below. I have added my comments in parenthesis. The Denver metro area has been hard-hit by foreclosures, but the reality of the situation is vastly different depending on which neighborhood you...
Investor often ask me what types of real estate investments are available on the market.  Here's what we tell them. 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 start...
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 ...
The average home price in Metro Denver increased +2% in the full year 2005 to the full year 2006. Comparing 2006 to 2007, the average home price across the metro dropped 3%, to $303,000. The average price in the first three quarters of 2008 was $272,000 vs. similar period of 2007 was $308,000: an...

Melanye Phipps

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