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Colorado Dream Properties Inc.
303-841-0800
(866) 532-8524
12900 Stroh Ranch Place 
Suite 125
Parker, CO  80134
EST. 2001

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Colorado Dream Homes Blog

Just How Big is the Denver Metro Area?

                                 

 

Pretty big and getting bigger.  In the 7 County region including Douglas County but not Elbert) there are over 3.1 million people.  And Denver CO has added 10.5% to its population since 2010.  Not sure how many households 300,000 people is, but this is why we have a sellers market...because we don't have enough listings to match the demand and builders aren't building them fast enough.  Who would have ever thought this was going to happen in 2010?  

Its Painfully Obvious How Hard it is to be a First Time Homebuyer

The inventory is lacking on all levels, but especially for first-time home buyers, which as defined in this article are buying homes averaging $212,500. Why isn't anyone building these types of homes anymore?  Its hard to say...probably not as profitable.  Its only 16.4% of our inventory, and its supposed to be 33%.  They could go back to the good old days in Parker and Denver CO where they built entire streets at a time, and it wouldn't be enough.  If you are selling this type of home you are in the drivers seat for sure.  I have a buyer in this category and the homes we write offers on are usually getting 20-30 showings the first day, and 8-10 offers, and the winning offer is ALWAYS above the asking price...meaning prices are still going to rise unless this madness stops.  

More Renters Than Every Before

Its an interesting phenomenon really, considering the fact that interest rates are still at historical lows.  Despite this fact there are still many who can't qualify for a mortgage or simply don't want one.  And once again, it proves that its a golden time to own a rental property in Denver CO!  The percentage of renters is higher than ever.    It could be a paradigm shift.  As of 2014, 37.8 percent leased rather than owned, and that is a large number.  It would suggest that 38% of the housing in Denver should be rental housing to support this.  

We Had A Good January

January’s indicators showed sizable increases in the number of new listings that came on the market, an indication that sellers are looking to get a jump on the selling season and take advantage of what continues to be a prime seller’s market. January saw 4,148 new listings of homes for sale, a 63 percent increase over last month and three percent more than last year.

 

Denver Predicted to Win the Super Bowl by Realtor.com!

Everyone has a theory, so we'll see if this hold true.  Realtor.com is predicting a Denver Broncos win based on the stock market results for the month of January.  

But check this out.  Every single year the Broncos have been in the Super Bowl the housing market rose!  That is pretty cool.  

If they do win, they look like superstars.  If not...well better luck next time.  

What is a Granny Cottage?

This is a trend that could have some legs to it.  Granny cottages are allowed in Denver?  Who knew?  Why not use all of the land/space you have?  Why not have someone help you pay the mortgage?  It also makes sense why some communities would ban them...because then it may seem like a multi-family community and potentially ruin the character of the neighborhood.  Lots of buyers always tell us they are looking for real estate in Parker, Castle Rock, or Elizabeth where they can have multi-generations live there.  The standard answer these days is "you have to find something for sale with no HOA and pretty far out to be able to pull this off."  Seems like there should be more opportunities for this in Douglas County.  

De-Clutter Now!

Here is the psychology of clutter in a nutshell:

The Six Kinds of Clutter

Just recognizing what kind of clutter it is and having a strategy for tackling it may make it easier to let go.  Here are six basic kinds:

1.  Sentimental Clutter- If you are attached to it, then it is not clutter...maybe this object is loved. Have too many items you consider to all have sentimental value?  Problem.

What to do: Ask yourself: If it’s not important enough for to display, and you don’t find yourself paying attention to it for months on end, it probably doesn’t have the sentimental value you’re assigning it.

2. Gift Clutter- Often we are reluctant to declutter items from friends and family, whether we like the gift, need it, want it, or have room for it. The primary motive for keeping gifts is to not hurt the person’s feelings.

What to do:  Try to mentally separate the item from your feelings of the person, and make every attempt to get rid of it.

3. Dream clutter- most all of us cling to the dream that some day we’re going to get back into something we use to love...like crafts etc.  And because none of us likes admitting that we didn’t accomplish a dream, our “dream clutter” can become overwhelming. 

What to do: As you get rid of this clutter, it’s a lot like giving yourself permission to mark lots of stuff off your “to do” list that you know you’ll never get to anyway.  

4. Expensive clutter- So often we keep an object around because we spent a lot of money on it. Throwing or giving it away just seems like wasting money.

What to do:  Remind yourself that the past is past and you can’t fix what you’ve done with the money by keeping these objects around. In fact, your bad purchases are costing you an emotional toll by adding to the clutter in your life.  

5. Depression Era Mentality- we “might need them some day,” right? But if you haven’t “needed it” in the past few years, chances are you won’t need it in the future.

What to do: Ask yourself how realistic is it to hang on to these things? Can they be replaced if you truly need them? If so—get rid of them.

6. Overwhelming Clutter- we can’t find the desire to move forward because we are overwhelmed. 

What to do: Break down overwhelming tasks into small, bite size chunks, to make the task seem less stressful and more doable.  Take one step at a time, and don’t think about the whole project.

Here are a few articles to help you get started.  Hopefully one of these articles speaks to you and helps you take that first step.

 

1. The Ridiculously Thorough Guide to Decluttering Your Home

http://www.budgetdumpster.com/resources/how-to-declutter-your-home.php

 

2. Declutter 101: Hot to Cut Clutter at Home

http://organizedhome.com/cut-clutter/declutter-101-cut-clutter-at-home

 

3. How to successfully declutter anything in your home!

http://www.organisemyhouse.com/how-to-successfully-declutter-anything-in-your-home/

 

4.  50 Ways to Leave Your Clutter

http://bemorewithless.com/50-more-ways-to-leave-your-clutter/

Good luck de-cluttering!  As the old saying goes, “Clutter is nothing more than postponed decisions!”

What CO First Time Home Buyers Need to Know

 

I like this article showing 6 first-time homebuyer mistakes and tips to avoid them.  

Its certainly not all-inclusive.  But basically when you work with a Realtor you are getting someone that is a coach, and can guide you to making the right and best decisions for your situation.  Its another one of those "you don't know what you don't know" kind of things.  Talk to us if you are thinking of buying any real estate this year. It costs NOTHING to have a Buyers Agent, and we can save you a ton of time and effort.  We will be your partner from the first searches to the closing.