Best Movers in Denver – 303-329-3217

A new real estate trend is cropping up in Denver that has the residential market entering a new sector for the area. A new private equity fund based in the city will be focusing strictly on luxury residential resort real estate. Denver will be joined by nearby cities Vail and Aspen as the cities all represent the top-tier resort markets that the company wishes to target. Currently, there are worthy properties in each of these areas where the housing market has cooled off a bit, making the current pricing a bargain time for the company, Occasio Funds, to move in. The company has not acquired anything yet and is still in fundraising mode, however. The company seeks to buy homes in ski areas and beachfront areas that are existing properties but not distressed or foreclosed.

Occasio is Latin for opportunity, and it was started by the owner of Inspirato, a private vacation club started in 2011, and operates on a dynamic of charging annual fees to members and leasing vacation homes. The Denver residential movers are aware that there are about $1 billion in real estate deals that the company is currently interested in. The first close will come in around $25 million.

The legalization of marijuana in Denver has had a positive impact on the local economy, according to reports by CNN which tout that the process has resulted in a massive absorption of commercial space. Despite conflicting opinions on the law, one thing remained clear–the implementation needed to be done in the right way. On an estimate, there has been 3 million square feet of space purchased and another 2 million leased, approximately, much of which is warehouse space.

The Denver commercial movers have found that the current vacancy rate is about 5 percent, making Denver an extremely tight market for commercial development and space. Local professionals are confused and wonder in regards to how quickly the market has taken off since the announcement that Denver will open the recreational use sector on January 1, 2014.

When it comes to natural disasters and areas of high-risk living, Colorado is certainly not safe from the wrath of Mother Nature. While every area has its own potential risks, Colorado has over 83,000 homes that are considered to be high risk for wildfires—the most of any state in the US. The Denver local movers have found that in addition to these “very high risk” homes, there are an additional 73,185 “high risk” homes.

In the western US, there are about 1.2 million homes total that fit into these categories. Worth mentioning in the report compiled by CoreLogic in the Wildfire Hazard Risk Report, Boulder was singled out as a very high risk area with almost 2,000 residential properties qualifying as high risk.

The city with the most homes exposed to wildfire risk, however, was not in Colorado but in California. Los Angeles took top billing in this category, with more than 60,000 homes in high risk/very high risk. This year has already been a high profile year for wildfires, and the season isn’t near over. The next two months are a dangerous time for potential wildfires, and the risks will remain into 2014.

Denver is a beautiful place to live, and just like some areas are subject to flooding or earthquakes, wildfires are a real threat that should be prepared for accordingly. We suggest browsing the American Red Cross and their guide to wildfire preparedness, which you can read here.

From every corner of the city, Denver seems to be growing to accommodate the continued growth and popularity of the area. New construction is necessary not only to keep up with the growing population, but also to shift and tailor to the demographics of the area. Currently, there are countless families who struggle with finding affordable housing in the Denver area and outlying suburbs.

The market is certainly not affordable for many, as current data shows nearly 50 percent of Colorado renters pay more than 30 percent of their incomes towards housing. The Broomfield movers have found that the situation for financial strain doesn’t stop at real estate—it has subsequent effects on education, nutrition, health insurance and transportation.

The goal by Habitat for Humanity and other community driven Denver groups is that be enabling more affordable housing, kids can perform better in school as a result of waking up in a safe and clean environment. Health can also be boosted as children are urged to spend time outside in their neighborhoods playing and interacting with others.

In addition to building new homes, there is a need to financially aid families in repairing their existing homes. Both of these areas need to be addressed on a larger scale in Denver, and thanks to groups like Habitat Metro Denver, they are getting the attention they need to improve.

Home prices are dropping across the country, including right here in Denver, according to Zip Realty. With 19 percent increase in new listings year over year, Denver still ranks as the number one metro area with the most plentiful opportunities for buyers. Cities that followed close behind include Seattle, Los Angeles, Las Vegas, San Francisco, and Phoenix. As far as price growth? That recognition goes to Sacramento.

The Cherry Creek movers have found that the Denver market, which is strewn with luxury properties and single family homes for sale, is still seeing large scale momentum in terms of purchases because buyers are still anxious to close deals before interest rates shoot back up.

Despite the fact that home prices are balancing out and slowing in Denver, don’t be fooled—there are still a bevy of million dollar homes selling in the area. There has been a general slowdown in the speed at which these homes are selling, but the volume and price are both higher than last year’s data.

All in all, the luxury real estate market is showing signs of cooling off in Denver, which was something to be expected after the record high months we saw throughout this summer. Additionally, the August to September period shows a slow down for the real estate industry, making this current trend right on time.

Many people are looking for housing markets that are affordable as they shop for a new home, and as the current market data shows, Denver is not the place where you will likely find a home that fits a budget. In fact, a recent list by Trulia.com listed the top ten affordable markets—Denver was not included. In fact, five of the ten markets were located in Ohio. However, there was also a list documenting the ten least affordable markets, a list which also skipped the inclusion of Denver.

So what gives? If you’re thinking about moving to Denver, there are some things to know and to consider. The city, located a mile above sea level, has a median household income of $61,453. This means that technically, 55 percent of homes are within the financial reach of the middle class—however, it varies based on the availability of these homes. Denver has a growing luxury real estate market, as well as a few apartment complexes that will cater to a variety of incomes and help the financial spread of Denver real estate.

For now, however, a wide portion of the local market is reserved for high end single family residences. As of recent data charting the market data for Denver, the median sales price is just over $400k.  

According to recent news in the Denver Business Journal, a new apartment complex is coming to Denver in the Central Platte Valley area. The proposed complex is still finalizing details, but a rendering shows that the complex will be 34 stories, have 288 apartment units, and will be close to Cherry Creek and South Platte rivers on 15^th Street and Little Raven. The developers, PM Realty Group, paid $10 million for the 50,000 square foot land where the complex will be constructed. The group feels that the investment was a no-brainer, as the need for more luxury housing (high-quality, high-rise living) is definitely apparent in the metro area. Amenities are unconfirmed, but it is speculated that the tower will have a large rooftop terrace, infinity pool,

The Cherry Creek movers have learned that the multi-family development will fill a need for this type of housing over traditional single family homes that are still the majority of residences in Denver. The location is also prime for the Denver area and it is a gateway location between major suburbs and working communities. It is also predicted to be the tallest building in Riverfront Park, with an aesthetic similar to buildings typically seen in Los Angeles, Chicago, or New York.

Units are projected to feature floor to ceiling windows, and there will be a skyline lounge with a catering kitchen and outdoor terrace on the roof. There will be high end finishes and fixtures, and the developers hope to truly raise the bar in Denver multi-family real estate.

It’s no secret that the real estate market in Denver has been growing and improving exponentially over the last few years, and it’s become such common knowledge that national real estate firms are tracking the metropolitan areas progress. Realtor.com compared Denver with other areas and said that it led the nation in August with a 26 percent month-over-month increase in terms of median age of inventory/days on the market—which might appear to be a bad thing, but in Denver, the average home was on the market for a few days in some areas. This increase places the average Denver home on the market for closer to 39 days—which is still a far cry from the national average of 92 days on the market.

The Denver local movers have found that the buyer should see relief from the change because that allows them to contemplate purchases for days rather than just a few hours. Homes were flying off the market at such a rapid rate that many prospective buyers were left stumped with what to do because the homes they viewed would be sold or entered into a high bidding war. Now that inventory is at a 2.3 month supply, rather than under 2 months supply, it will give buyers a little extra time to contemplate purchases and make a buying decision that is right for them.

On the heels of a real estate boom in Denver, one thing is certain: new inventory needs to be available to keep the momentum going. Considering demand in Denver is remarkably high (as one of two cities with prices exceeding pre-recession numbers), new inventory is needed to meet the demands of prospective buyers who are finally comfortable to go out and buy again. Here at the Aurora movers, we have found that the Denver market is at a sort of equilibrium state, The number of homes for sale rose 9% over August 2012, and buying opportunities that had almost dried up completely are giving way to new developments and new homes for prospective—and eager—buyers.

The Denver metro market has found that new choices for interested buyers will help people utilize the still-low interest rates, leave room for price negotiations, and also offer the ability to shop around and find a home that is truly a good fit. Denver is, to many, one of the top markets in the nation right now. The economy is improving, home sales are rising, the real estate market is recovering tenfold, and it is only a matter of time before the area becomes extremely pricy for investors to build new developments. If you are looking to develop residential space in Denver, now is the time.

The median price for a Denver home in August was $315,000.

The Denver real estate market is hot, hot, hot—and prices for homes in the area are reflective of that. According to S&P/Case-Shiller Home Prices Index, Denver area home prices reached an all time high in June. Denver home prices were up 9.4 percent over June 2012, marking the 18^th consecutive month of price gains for homes on the real estate market. In May, Denver was also making record high strides in home prices, and that was the highest level prices had seen since August 2006. The Denver local movers have also found that the year over year price for homes in the Denver metro has risen 9 percent or more every month through June, solidifying that 2013 has been a powerful year for Denver real estate.

So how does Denver compare to the rest of the nation? Nationwide, home prices rose 12.1 percent in June over the same month in 2012. 20 large metros in the country were tracked to find this data. The greatest year over year gains were in Las Vegas (almost 25%), The smallest gains were in New York (3.3 percent) and Cleveland (3.5 percent). Home prices in Denver rose 1.7 percent from May to June 2013.