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Colorado Dream Homes Blog: parker co homes

Zillow is a Farce. DUH.

Just saw this on NBC Nightly News about Zillow getting sued for showing home values lower than what they should be.  If you have a problem with Zillow you should consider joining the class-action lawsuit.

We've said this countless times and here it is once more:  Zillow is a farce and the single most misleading real estate website in the World.  

No website can possibly know what your home is worth, so if you are naive enough to believe everything you see on the Internet, we feel sorry for you.  Zillow's excuse is they get their data from County records.  Know the last time the County records were accurate?  N.E.V.E.R.

Trust The Smart Lock You Just Bought?

Lately stores like Home Depot display a fine array of locks that are "smart" that don't require a key at all.  It seems that we are heading towards the day where we don't have keys in our pockets and purses anymore.  

In this test 12 of the 16 locks that were tested were easily "hacked," and that is very unsettling.  Its easy to be impressed by the new technology but how are you supposed to know if its hack-proof or not once you decide to spend $200 on one?  They may have to evolve a bit more before like driverless cars.  

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.  

This site includes valuable information on Parker Colorado real estate and homes for sale, Parker CO homes, Elizabeth CO homes, and Castle Rock CO homes. Our Realtors can help you buy or sell Parker CO real estate and Castle Rock CO real estate. People who search MLS home listings, whether relocating or buying a first home in Parker CO, Castle Rock CO, and Elizabeth CO, will find useful information on real estate, home for sale, luxury homes, and horse property and golf course homes, with additional information on schools and regional highlights. 

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