Best Movers in Denver – 303-329-3217

The Denver metro area ranks No. 7 nationally on the list of top U.S. sellers’ markets for homes, according to Zillow’s February Real Estate Market Reports. Denver metro home values are expected to increase 1.6 percent during the next 12 months, according to the Zillow Home Value Forecast. The top sellers’ markets tend to have low home inventory and quick sales of homes selling at higher than the asking price. Selling your Denver home is definitely a popular trend at the moment, and the market in the area is thriving as available properties become less and less available.

Zillow’s reports showed that home values rose 7 percent year-over-year in February in metro Denver, which exceeded the national increase of 5.6 percent over the same period. In metro Denver, the top five sellers’ markets are Northglenn, Thornton, Ken Caryl, Westminster and Arvada. The top five buyers’ markets are Evergreen, Denver, Lakewood, Broomfield and Centennial.

MIG Real Estate has acquired Copper Terrace Apartments, a 168-unit multifamily property in the southeastern Denver suburb of Centennial. The buyer did not specify a price for the asset. Copper Terrace is about 15 miles south of downtown Denver and one mile from the Arapahoe at Village Center FasTracks Station (FasTracks is the rail system under construction in Denver-Aurora and Boulder). The property includes one-, two- and three-bedroom units with walk-in closets and private patios or balconies.

Common amenities include a swimming pool, clubhouse, fitness center and children’s playground. Copper Terrace also offers fireplaces and vaulted ceilings in some units, as well as optional detached garages. It is an ideal place to live in Denver for people unsure of where to choose. It is also very convenient to a professional part of town and near the center of booming business.

Thinking of moving to Colorado and curious about the local economy? Good news! Colorado’s unemployment rate fell to 6.1 percent in January, its lowest point in more than five years, according to figures released Monday by the Colorado Department of Labor and Employment. The state’s jobless rate peaked at 9.1 percent in October 2010 and has declined almost without interruption ever since. The last time the unemployment rate was as low as 6.1 percent was December 2008.

Greeley posted the area’s greatest improvement, in which January’s jobless rate of 6.8 percent was down from 8.6 percent in the same month of 2013. Greeley had a non-seasonally-adjusted unemployment rate of 6 percent in December.

So where is the hottest place to live in Denver? According to a recent survey by Coldwell Banker, it’s the Congress Park area of town, which is the most in demand and only has about a month’s supply of inventory available for interested buyers. Following behind Congress Park are the Highlands, Washington Park, and Park Hill. The spring home-selling season is fast approaching, and Coldwell Banker conducted the survey of the hottest selling neighborhoods in the metro area for 9NEWS to find what areas would be increasingly difficult for people looking to move to Denver.

So what to do with this knowledge? Buyers need to be prepared to act very fast if they’re shopping in these neighborhoods, and sellers who aren’t on the market yet and thinking about it need to stage their homes and get them ready for fast sale. For tips and tricks on how to make your home selling/buying process smoother, trust your friends at the Denver movers.

Foreclosure activity decreased significantly in 2013 as Colorado had its lowest foreclosure level since 2004, according to the Colorado Division of Housing. The division also predicted Thursday that if current economic conditions continue in 2014, the next 12 months will continue to see declines, although foreclosures will likely fall more slowly in 2014 than in 2013. New foreclosure filings fell 46.3 percent in 2013, and foreclosure auction sales were down 41.4 percent. The Denver real estate market has grown and strengthened so much over the past few years that foreclosures have become relatively obsolete.

The Colorado housing industry is being driven by low interest rates, monetary policy, employment, and a lack of national recession. As more people look to Colorado as an ideal place to live, the amount of distressed properties has seemingly dropped in correlation.  

According to recent data shared in the Denver Post, the average rent in the area for apartments rose $63 in 2013 over 2012, bringing current rental rates to about $1,041. Apartment vacancy rates have increased as thousands of new apartments have been hitting the market following construction booms for residential multi-family housing options. The average rent rose in all counties measured in the fourth quarter. The largest increases were found in Denver County and the Boulder/Broomfield area, where average rents grew by 8.1 percent and 8.6 percent, respectively.

Analysts for the Colorado Division of Housing and the Apartment Association of Metro Denver placed the blame on the migration of well-paid single people who want to move to nice apartments, such as those being built around Union Station and downtown Denver. Moving to Denver has become popular for a wide variety of ages, and the area has become extremely appealing for young professionals. To meet with continued demand, there are 10,000 to 12,000 apartments currently being built in the metro area. The units will be slowly absorbed in the next two to three years.

As inventory continues to tighten in the Denver area, luxury homes are seeing prices drive higher and higher as well as days on the market dwindling significantly. The demand is certainly there in the area for luxury homes and the existing inventory just can’t keep up or suffice. There were 26 homes with a price tag over $1 million sold in January, down 16 percent from the 31 sold last year. But average prices jumped 14 percent year over year and days on the market plunged almost 50 percent, from 209 days in January 2013 to 108 days last month.

It still costs more to build luxury homes than to buy a resale, so many buyers prefer to purchase an existing home rather than take on the expense of having their own commissioned. However, as moving to Denver gains in popularity, they won’t really have much of a choice as available inventory becomes obsolete.

Metro Denver’s housing market got off to a respectable start in January, with prices steady despite a rising number of homes sold and a tight inventory, according to a report Tuesday from Metrolist, which runs the metro area’s multiple listing service. Last year, metro Denver home sales started strong and accelerated into the spring, fueled by a drop in mortgage rates and a lack of homes available for sale.

Mortgage rates are higher this year, as are home prices, which should make it easier for sellers to list their properties and keep the market more in balance this time around. The average price for new and existing homes in January, both attached and detached, was $302,251, down 3 percent from December and up 10 percent year over year.

There were 3,342 homes sold in January, a 3 percent increase from December’s tally and 13 percent more than in January 2013. The supply is up slightly, with the number of active listings in January 2014 up 5 percent from December 2013, but the market is still very tight. If you are thinking of moving to Denver, now would be the time—homes are consistently becoming less available and higher in price.

Home sale prices reached a new all-time high in the Denver area in September, marking the fifth consecutive month that prices have grown to an all time high. The data compiled by the S&P/Case-Shiller Home Prices Index shows that home resale prices in Denver were up 9.9 percent from September 2012 to September 2013. The month marked the 21st consecutive month where prices gained year over year. Comparatively, August 2013 was 10.1 percent over August 2012. The price index for Denver, also known as the Mile High City, has been breaking records since May, with year over year price gains each month at a rate of about 9 percent.

The Denver residential movers have found that Denver is one of the stable markets in the US and other markets that were hit harder in the recession are bouncing back, with the highest price gains year over year found in Las Vegas, San Francisco, Los Angeles and San Diego. Nationally, prices are the strongest they have been since the boom peaked in 2006, a fact that might make some industry professionals nervous.

The biggest construction boom to hit the Cherry Creek North area in decades is happening now, thanks to developers interested in transforming the area into a full service love/work/play area of town. Currently there are plenty of restaurants and boutiques, but the area is lacking on residential offerings and office space. The first project for residential development will bring 70 condos, 444 apartment units, 13 floors of office space and ground floor retail outlet space. Cherry Creek North is a recognized shopping district and the added offerings of residential options will help the area to continue to blossom. The Cherry Creek North movers have found that the some of the neighbors in the area are hesitant to lose the strictly commercial feel of the neighborhood, but the overall consensus is that it will be for the better.

The first building for residential offerings is called 250 Columbine and it won’t be completed until 2015–and 25% of the building’s condos are under contract after a two week period of introducing the project. Zocalo Community Development’s project will offer 185 units that are about 910 square feet in size. Estimated rental rates are at just over $2,000 per month.