Downtown Denver Real Estate Guide to Homes, Condos, Townhomes and Lofts

Living in and owning downtown Denver real estate can be an exhilarating experience. Whether buying or leasing, being a part of the vibrant lifestyle is surely something to look forward to. With the downtown Denver real estate market holding its own while the rest of the country is experiencing a downturn is a testament to the vision of its great leaders and residents. And with the largest transportation project in the country underway as well as the redevelopment of Union Station there is no better place to be.

Downtown Denver Homes
Downtown Denver homes and surrounding neighborhoods have some of the most beautiful properties in the country. Whether a Historic Victorian in Five Points or Baker, a Capital Hill Denver Square, a Washington Park Bungalow to a Denver Country Club stately mansion there is something for everyone. Neighborhood zoning codes determine how large a new home may be built depending on lot size and set backs. With more children moving into the city smaller versions of bungalows not protected are being scrapped for larger homes with modern conveniences.

Downtown Denver Condos
Downtown Denver condos as well as other neighborhoods are a convenient way to experience the city lifestyle without the added time of maintenance. Neighborhoods such as Uptown, Golden Triangle, and Ballpark are also experiencing a surge in condo development. With the high cost of land in these areas and zoning codes allowing high density there is sure to be more on the horizon. Another downtown neighborhood called the Arapahoe Square is poised for resurgence with mixed use and high density. This area is bounded by 20t to Park Avenue and Tremont Place to Lawrence Street. This will be an area to keep an eye on in the future.

Downtown Denver Townhomes
Downtown Denver Townhomes are one of the most popular new construction options. With the high price of land and height requirements in certain neighborhoods more of this product is being built. Neighborhoods like Riverfront, Highlands, Lower Highlands (LoHi), Cherry Creek, Curtis Park, Berkeley, and many others are seeing a surge of attached homes. Town Homes offer a great alternative to a single family home in these neighborhoods where land cost would make a single family home just to cost prohibitive for most buyers.

Downtown Denver Lofts
Downtown Denver Lofts are typically found in lower downtown which at one time was the warehouse district. With the completion of Coors Field in 1995 complete gentrification of surrounding blocks began with the conversion of warehouses and old office buildings into residential homes. A loft typically has exposed brick or concrete walls and exposed ductwork. The last of the historic buildings in all of downtown located at 15th and Wynkoop is currently being converted to office space with two lofts at the top of the building. Some builders took the term lofts to mean exposed ductwork within new construction. This however didn’t last long as the buyer looking for new construction usually wants a finished product. Lofts can be found on streets like Wynkoop, Wazee, Blake, Market and a few others. One drawback of a true loft can sometimes be lack of AC and the ability to make interior changes due to brick or concrete walls.

Denver City Living is very experienced and knowledgeable of the downtown Denver real estate market as well as many other neighborhoods within the county of Denver. We have lived in neighborhoods such as Washington Park, Mayfair, Lodo, Five Points/Curtis Park, and have sold homes in every neighborhood in Denver. For your entire city close or downtown Denver real estate needs contact the real estate agents at Denver City Living today.

Denver City Living specializes in Denver, CO real estate and can help you whether you are looking to buy or sell luxury homes, condos, lofts and townhomes. Denver City Living has real estate agents with over 30 years of experience in the Denver, CO real estate market and can help you meet your property needs. Denver City Living has one of the most extensive and updated Denver real estate listings available. Call us at (303) 489-1197 or visit us at http://www.denvercityliving.com/.

Posted on kglasgow 25 March 2011 no comment

What on Earth Are you Doing?

How Can You Make an Impact Today?

Reduce Your Packaging: Buy bulk or concentrated products when you can.

Reduce Toxicity or Learn How: Recycle your batteries and use batteries with reduced mercury.

Select Reusable Products: Sturdy, washable utensils, tableware, cloth napkins, and dishcloths can be used many times.

Use Durable Products: Choose furniture, sports equipment, toys, and tools that will stand the test of time.

Reuse Products: Reuse newspaper, boxes, shipping “peanuts,” and “bubble wrap” to ship packages.

Recycle Automotive Products: Take car batteries, antifreeze, and motor oil to participating recycling centers.

Buy Products Made From Recycled Material: Many bottles, cans, cereal boxes, containers, and cartons are made from recycled material.

Compost or Learn How: Food scraps and yard waste can become natural soil conditioners.

BUY GREEN ~ LIVE GREEN ~ BE GREEN

Posted on kglasgow 22 April 2008 no comment

Buy a Light Bulb Save the Planet….

Buy Compact Florescent Bulbs:
Here’s a simple way to save money, save energy and save the environment: Change a light bulb. By replacing one 60-watt incandescent light bulb with an equivalent 13-watt Compact Fluorescent light bulb, you can make a big difference. Save Money
Here are some facts about Compact Fluorescent light bulbs: ·        

One Compact Fluorescent light bulb costs $2 - $3. That may sound like a lot, but Compact Fluorescent light bulbs last 8 to 12 times longer than a conventional bulb. ·        

An ENERGY STAR-qualified Compact Fluorescent light bulb can save an average of $30 or more in electricity costs over its lifetime ·        

Lighting accounts for 20% of the average home’s electric bill. The average home has approximately 30 light fixtures, which would mean an electricity bill savings of around $1,000 over the life of the bulbs. ·        

ENERGY STAR-qualified bulbs and fixtures produce about 70% less heat, so they’re safer to operate and can cut energy costs associated with home cooling Save Energy
To find out just how much energy you can save in your house, use our Compact Fluorescent Light Bulb Calculator powered by General Electric. Save the Environment
When you change to Compact Fluorescent light bulbs, you take a step in the right direction to preserve energy resources and our environment for this generation and the next. One Compact Fluorescent light bulb keeps half a ton of greenhouse gas (CO2) out of our air. Wal-Mart has over 100 million customers. That means if each customer bought just one compact florescent light bulb, it would: ·        

Keep 22 billion lbs of coal from burning at power plants ·        

Keep 45 billion lbs of GHG from being emitted ·        

Equate to removing 700,000 cars worth of greenhouse gases from the air ·        

Keep 700 million incandescent light bulbs from landfills Throughout the month of October, the Environmental Protection Agency (EPA) is asking Americans to “Change a Light.” Save more than just money by joining thousands of people across the country in taking the EPA’s Change a Light, Change the World Pledge: “I pledge to do my part to save energy and help reduce the risks of global climate change by replacing at least one light in my home with an ENERGY STAR-qualified one.” Make sure you look for Compact Fluorescent light bulbs and other products that feature the ENERGY STAR logo – available at participating Wal-Mart stores.  

LIVE GREEN~BUY GREEN~BE GREEN
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Posted on kglasgow 19 February 2008 no comment

Living Green ~ Conserving Water

Living Green~ Green Tips To Live by 

Saving WaterI have had several people ask me why it’s important to conserve water as ‘we’re not in a drought anymore’. While this is true and water is now plentiful in the basin and surrounding areas there is more than just a low water supply to take into account. It’s simple really. Processing water to a potable form takes energy. Water conservation is energy conservation. The following are just a few ideas to help us all in our effort to become a ‘greener’ society. Simple ways to save Water: 

1. Turn off the water while brushing your teeth, shaving and washing your face.

2. Time your Showers with an egg or kitchen timer.

3. Save your cool down and warm up water to water the garden and house plants.

4. Put your warm up water in a jug for the fridge then you might not need to cool it down quite so often.

5. Conserve Energy by switching off the lights and changing your light bulbs to a more energy friendly type. The National Renewable Energy Laboratory estimates that .47 gallons of water are lost for every kilowatt-hour of power generated by coal power plants. 

6. Fix leaks in faucets and toilets and as soon as you notice them.

 7. Place a brick or jug of water in the back of your toilet tank to preserve water usage.

8. Don’t use your toilet as a trash can. The more junk in the water the more energy expelled to clean it up. 

 LIVE GREEN~BUY GREEN~BE GREEN
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Posted on kglasgow 15 February 2008 no comment

Colorado Market Holds Potential

Jeffco News – 1-31-08 

Colorado housing market holds potential Saturation of housing, deflated home prices will make state a top market in upcoming yearsby Jennifer GilbertJanuary 31, 2008 The country might be looking at a recession or already experiencing one, but that does not stop Lawrence Yun from making rosy predictions about the
Front Range housing market.
A stabilized availability of housing and lowered housing prices should allow
Colorado’s real-estate market to fare better than others across the country, said Yun, chief economist for the National Association of Realtors.
“National figures can dampen confidence and dampen home-buying confidence at the local level,” he said.

“Denver and surrounding areas will be one of the top markets in 2008. Homeowners can expect substantial wealth accumulation over the long-term.”

Yun’s assessment of the real-estate market looked at the housing crisis that has hurt Wall Street and damaged numerous large banking firms, but the problems being faced in those industries are largely due to sub-prime lending and other past mistakes, he said.

Yun acknowledged that Coloradoans with sub-prime rates have been hurt, but homebuyers with adjustable mortgage rates are not as likely to be affected.

According to National Association of Realtors data, sub-prime loans accounted for 9 percent of all home loans in 2007, but they made up 54 percent of all foreclosures.

The more stable prime loans accounted for about 50 percent of all loans and 33 percent of all foreclosures.

Glenn Dooley, a sales manager from Lakewood-based Mac 5 Mortgage, said the 30-year fixed rates are still at 45-year lows, meaning cheaper rates for homebuyers.

He said his company is seeing increased business because the lending crisis has put many of the company’s competitors out of business.

“The overall volume (of loans) is smaller, but the few lenders that are left are seeing greater volume,” Dooley said.

“People are realizing this is a buying opportunity.
Colorado homes are at less than value. The first quarter of this year will be a huge indicator of how Denver and the Front Range as a whole will pull out of it.”

New-home construction in Colorado decreased in 2007 to 21,000 from 30,000 in 2006 and 40,000 in 2005, but Yun said that was a proper correction for too many houses and too few buyers in that state.

“Colorado is going to stabilize more quickly,” Yun said. “It’s tough for builders because they realize they have to compete with more inventory and offer more incentives.”

Overall, the housing prices are depressed in Colorado because of buyers’ fear, but houses can be bought cheaply, at 17 percent of a middle class family’s income for a median size home, he said. That is far less than the expected 29 percent in Miami and 43 percent in
San Diego.

“There’s somehow this portrayal that this is the worst housing market since the Great Depression, but you have to put it in perspective,” Yun said.

“Sales grew dramatically during the past five years, and now we need to remove the excess boom and go back to normal, healthy market conditions.”

BY THE NUMBERS

Home mortgage and ownership status nationally in 2007

• Prime loans: 50.1 percent

• Sub-prime loans: 9 percent

• FHA and VA loans: 5.9 percent

• Owned outright: 35 percent

Source: National Association of Realtors
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Posted on kglasgow 5 February 2008 no comment

Denver is in the Spotlight!


THE DEMOCRATIC NATIONAL CONVENTION

in Denver,Colorado
Quoted From the Denverconvention2008.com  Photobucket 

The 2008 Democratic National Convention will deliver a sizeable impact on the City of Denver and the seven counties that encompass the greater metro area. While the main event will occur each night at the Pepsi Center in downtown Denver, hotel rooms, restaurants, entertainment venues and transportation throughout the region would be utilized to their highest potential for the duration of the week.
Denver is no stranger to hosting major national events and has a proven track record of playing both a successful and gracious host to major national events including World Youth Day in 1993 and the Summit of Eight in 1997.
In addition to the millions of dollars the Denver 2008 Convention Host Committee will pour into the local economy to prepare the city for the convention, an estimated 35,000 visitors will fill the region’s restaurants, hotels, downtown and entertainment venues. Without a doubt, the convention will provide the service and hospitality industry with a major boost. In 2004, Boston saw an economic benefit to the tune of $163.2 million and it is estimated that Denver will reap $150 -$200 million in economic benefits.
The convention will bring unprecedented media attention on the City of Denver. Of the tens of thousands of people that will travel to Denver for the week of the Democratic National Convention, some 15,000 of those would be members of the local, national and international media. During the week of the convention, radio, newspaper, and television stations alike will be dominated by the daily events and speeches at the convention.
Audiences from around the globe will tune in to watch the convention unfold and will also discover that Denver offers tremendous cultural diversity including first class art museums, eight professional sports teams, a first class aquarium and a lively, revitalized downtown. The impact of the media spotlight on Denver would be immeasurable, enabling Denver to showcase first hand the modern, culturally diverse and vibrant city it has become. Denver will, once and for all, establish its rightful place as a major, metropolitan American city.


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Posted on kglasgow 5 February 2008 no comment

No Recession Ahead for the State!

Downtown at Twilight

From the Denver Post December 11, 2007
Aldo Svaldi - Colorado shouldn’t slip into a recession next year even if the rest of the country does, predicted Richard Wobbekind, and economist with the University of Colorado at Boulder’s Leeds School of business.

“Continued, moderate growth is on tap for the state. Colorado should add 43,300 jobs next year, he said, representing a 1.9% increase that would outpace the 1.1% of job growth forecast for the nation as a whole.

The state’s unemployment rate will rise to 4.2% in 2008 accordning to the forecast, up from 3.7% in October, as population growth out paced job growth. Colorado will gain 103,800 new residents next year, including 62,500 net new migrants, pushing the state population above 5 million for the first time.

  More than 100 economists, academicians and business leaders contributed to the 2008 Outlook, which Wobbekind described as the most difficult to put together among the report’s 43 annual editions.

Live Green - Buy Green - Live Green

Posted on 17 December 2007 no comment

Denver Area #1 in Home Prices!

DCL Logo

Denver barely squeezed by as the No.1 ranked in a national report on home prices. The closely watched S&P Case-Shiller Home Price Indices showed that Denver-area homes gained +0.3 percent in value from July to August.

Although it was a very small rate of increase, it was good enough to make Denver tops in the country during that period. The 20 cities ranked showed an over all average decline of -0.7 percent.

16th Street Mall in Denver

From June to July, Denver homes rose in value b +0.8 percent, topped only by the 1% increase experienced by Detroit during that period.

Market analyst and vice president at Standard and Poor’s, Maureen Maitland, stated, “It looks like Denver may be one of the first markets in the ‘turn-around-mode. Maybe.”
Maitland said that she would like to see more data before she’s comfortable in saying that Denver’s down cycle is over. “However,” she added, “Denver have had five positive months of improvement in a row.”

Maitland noted that Denver real estate stumbled earlier than most cities in the country and in recent years didn’t go through the double digit price appreciation experienced by other formerly hot markets on the coast and in places like Las Vegas and Phoenix.

From June to July, Denver homes rose in value b +0.8 percent, topped only by the 1% increase experienced by Detroit during that period.

Market analyst and vice president at Standard and Poor’s, Maureen Maitland, stated, “It looks like Denver may be one of the first markets in the ‘turn-around-mode. Maybe.”
Maitland said that she would like to see more data before she’s comfortable in saying that Denver’s down cycle is over. “However,” she added, “Denver have had five positive months of improvement in a row.”

Maitland noted that Denver real estate stumbled earlier than most cities in the country and in recent years didn’t go through the double digit price appreciation experienced by other formerly hot markets on the coast and in places like Las Vegas and Phoenix.

LIVE GREEN - BUY GREEN - BE GREEN

Posted on kglasgow 7 November 2007 no comment

Building is Booming in LoDo

Excerpts from the Denver Post Monday October 1, 2007

No Stopping This Builder by Margaret Jackson

Coors Field Ballpark

Developer Charlie Woolley is building on the success of his previous developments in Denver’s Ballpark neighborhood with a townhouse project, Chroma, at 25th and Larimer Streets.

In a slumping housing market some might wonder why Woolley would start a project now. But Chroma’s downtown location so far appears immune from the suffering felt in the suburbs. “There’s an overall movement to the city center, both here and nationally,” Woolley said. “It’s because they’re smaller households, an aging population and young childless households.”

Sales of nearby projects have done well. Developer Brent Snyder has presold four of the 11 townhomes he’s building at 24th Street and Glenarm Place. He’s also sold 23 of the 101 condos he plans to start construction on in December.

“Most of our buyers are coming from downtown, some from rental buildings or other loft buildings but want more space,” Said Bill Verdon a broker with Kentwood City Properties who is marketing the Welton Street Project.

Snyder expects the sales of the townhomes to pick up when they are finished in November and December. “There are buyers out there, but they want to see what they’re going to get,” he said.

Live Green=Buy Green=Be Green

Posted on kglasgow 9 October 2007 no comment

Build Ahead of Schedule!

MOVE IN NOVEMBER 2007!

Welton Place Project Update:

24th Street Townhomes

The 24th Street Townhomes, a phase of the Green Built Welton Place Project, is on track to be Move in Ready several months ahead of Schedule. Bill Verdon with Kentwood City Properties and one of the exclusive marketing brokers for the WSP, attributes this to the efficiency of the builder and the weather. “We’ve had phenomenal luck with the weather this summer. It’s really allowed the build crew to dig in and get the job done.” Bill said in an exclusive interview. Referring to the builder, Taylor Khors, he told us, “These guys have really done a great job for us. They are always here and always working. It’s great to find a company like that.”

The Luxury 24th Street Townhomes weren’t scheduled to be complete until February of 2008. As of this writing they will be ready for occupancy as of November 2007, a full 3 months ahead of schedule.

The entire team, from the developer to the brokers, is extremely excited to offer the public this beautiful product in a timely manner.

For more information, call Bill at 303-489-5217 or Andrew at 303-489-1197. You can also visit the web site at www.Weltonplace.com.

Great Views!

Live Green=Buy Green=Be Green

Posted on kglasgow 25 September 2007 no comment

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