Tag: Real Estate
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As market cools, Colorado home prices finally level out
Home prices in Colorado are finally behaving the way that market economics would predict they should, following two years of flat-to-declining real estate sales. They’ve leveled out. That’s according to the newest Market Trends report by the Colorado Association of Realtors. The report shows the median price of a single-family home in the state dropped…
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New Denver housing sales numbers seen as stabilizing
Despite a continued rise in home prices this past month, analysts at the Denver Metro Association of Realtors said they’re seeing more market stability in the latest price and sales numbers for the 11-county metro area released Wednesday. “The market today is not a version of what once was; it’s a new ecosystem entirely,” Amanda…
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Walls of glass wrap $5.65 million mansion that’s for sale in scenic Colorado
Surrounded by aspens and with a mountain view, the glass walls of Avon’s ‘Luma House’ are the perfect feature for taking in stunning Colorado scenary. Spanning 4,857 square feet from its perch on 2.5 acres bordered on two sides by national forest land, Luma House has hit the market for $5,650,000. With five bedrooms, six…
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Two Colorado spots among most expensive ZIP codes in US
A report recently released by PropertyShark sought to determine where the most expensive ZIP codes are in the United States by looking at median home prices. While the most expensive ZIP code was one in Miami Beach and the rest of the ‘top 10’ was dominated by California and New York, two Colorado spots were…
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Judge halts Lakewood’s shell game | Jimmy Sengenberger
A Jefferson County judge hit the brakes on Lakewood this week — halting votes by its City Council scheduled for Monday and shining light on a real estate scheme involving Jeffco Schools, City Hall and a homeless-services nonprofit. Last April, Lakewood’s City Council authorized City Manager Kathy Hodgson to negotiate a $4 million, below-market purchase…
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This developer will soon own 4 Denver skyscrapers. The plan? Convert them
A newcomer developer to Denver is growing his stake in downtown’s office market after two major deals at huge discounts that will leave him with four skyscrapers and more than 5% of downtown’s office supply. The Luzzatto Co. is buying the Denver Energy Center, the two towers located between Broadway and the start of 16th…
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Is metro Denver real estate in a ‘buyer’s market’?
The summer residential real estate slowdown is here. It’s expected every year within home sales markets across the metro Denver area — but this year has been fairly unpredictable, according to the Denver Metro Association of Realtors most recent Market Trends report covering July sales. Most homes sold for $600,000 or above in July, the association’s…
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REcolorado’s messy sale eroded trust between Denver real estate agents and leaders
When MRI Software officials first learned REcolorado was going to be sold, they knew they had to act fast before the sale was finalized. The Ohio-based real estate technology company announced this week it was interested in buying REcolorado, the state’s largest multiple listing service (MLS) where most homes on sale in Colorado are put…
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A software company will try to buy REcolorado to stop controversial deal
After a heated disagreement over the potential sale of Colorado’s largest real estate listing platform REcolorado led to the firing of the company’s entire board, another company may try to stop the deal. MRI Software, an Ohio-based real estate software application company, said it was interested in buying Colorado’s dominant Multiple Listing Service (MLS), according…
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Denver hits 20,000 licensed rentals – but many more may still be unaccounted for
Since the beginning of the year, Denver has required every rental property to get a license to operate. So far, the city has issued 20,000 licenses to landlords, the Department of Excise and Licenses announced Thursday. These licensed landlords bring the official total of rentals in Denver to 159,000 units. But there may be plenty…