April 19, 2016

* Great New Listing * 8615 W Berry Avenue #101 *

www.8615wBerry.com

8615 W Berry Avenue #101 Littleton, CO  80123

 


* $235,000 * Private, Secluded Condo (Does Not Look Into Any Neighbors) in Willow Ranch Condo Complex * Renovated, Clean, Open, Bright and Airy * Overlooks Greenbelt * Kitchen has Newer Stainless Frigidaire Appliances including a 5-Burner Gas Stove, Ample Storage in Cabinets, Trac Lighting and a Double Sink * Newer Luxury Vinyl Plank Flooring (Very Durable) Throughout Kit, FR, Eating Area and Halls * Newer Carpet in 2 Large Bedrooms * FR has Gas Fireplace and Opens to Cozy Patio on Greenbelt * Master Bedroom has a Large Window, Walk-In Closet and Master Bath * 2nd Bed has Large Window and Huge Closet * Upgraded Door Hardware * Flowing Layout * Spacious Laundry Area * 2 Parking Spaces (1 Reserved (#1), 1 Open) * Walk to Governor Grant Park, Shopping, Entertainment and Restaurants * Experience Everything the Southwest Plaza Area has to Offer * Close to Public Transportation * Great Home * Call Your Realtor, or Sean Reilly @ 303.520.8700 For a Private Showing *

Instant Valuation of Your Home - Click Here!!!

Free IDX MLS Home Search - All Homes in the Metro Denver Area - Click Here!!!

 

Posted in Littleton
Jan. 9, 2014

November 2013 Monthly Metro Denver Real Estate Market Update

My latest take on the metro Denver residential real estate market is available here.

Posted in Denver
Dec. 16, 2013

Another Reason to Live in Colorado!!!

Another reason to live in Colorado if you already don't....

On top of the abundance of sunshine, 4 delineable and fairly mild seasons, we can now add electricity to the list, on top of the plethora of other reasons to call Colorado home.

According to a NAR (National Association of Realtors) article, Colorado is averages the 4th lowest in the country for our electrical bills - $80.94 per month. 

Read the article here.


Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+

Dec. 14, 2013

Expert Predictions for the Residential Real Estate Market in 2014

What do the experts predict for the residential real estate market for 2014?

Click here to get their take via an article from the National Association of Realtors (NAR).

My take as I have mentioned in a few previous articles is that, for the metro Denver real estate market, we will continue to move ahead in a slower, solid fashion.  I truly don't expect that we will see prices increase as they did in 2012 / 2013, but we should see a more tempered appreciation.  I think home sales will continue to be solid as more renters will be entering the market due to the continuous increases in the average rents that landlords are charging.  Average days on the market should stay relatively the same (average in the low 40's for all the counties encompassing the metro Denver area). 

My only caveat is interest rates.  If we see a spike in 2014, I think the market slows for a bit while buyers digest the higher interest rates.  If they spike on top of a spike, then I do see the market slowing down.  We shall what direction the Fed decides to take in 2014.

A semi slowdown in 2014 would not be a terrible thing as it will help build a base moving forward.  As we have seen in the past that if we spike pricewise too quickly, we will be desitned for another bubble. 


Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+

Dec. 13, 2013

Mortgage Rates Down Slightly This Week (12/13/13)


For the week ending December 13, 2013, we did get a little relief in regards to mortgage interest rates. 

The 30 Year Fixed mortgage rate lowered a touch to 4.42%, but this is still about 1% higher than it was a year ago.

The 15 Year Fixed mortgage rate lowered a small bit - down to 3.43%, but also roughly .8% higher than it was last year this time.

1 Year ARMs are sitting at 2.51% which actually is .02% lower than it was last year.

Read the article here.

I wish I had a crystal ball and could forecast what will happen in 2014 for interest rates, but it's broken.  As a real estate agent here in the Denver metro area, I'd certainly like to see the 30 year fixed rate fall back into the 3's, but that may be wishful thinking.  In reality, anything in the 4's is remarkable - it's all about relativity.  In the 18 years that I've been selling real estate, I've really never seen rates over 9% which is about 10% lower than they were back in the late '70's / early '80's.

People are so used to the lower rates, that anything pushing the high 4's / low 5's is going to take some time to digest - it's all relative.  If rates rise in '14, then it will depend on how much they rise and how long it takes people to be okay with the higher rates to really be able to forecast how the residential real estate market will fair - I think it will be solid, but at a slower pace.  If they stay roughly the same, or lower, then 2014 should remain steady and healthy.

What are your thoughts?  Leave comments below - thanks.


Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+

Dec. 12, 2013

Highlands Ranch Community Association Activity Guide

The new activity guide is out for the Highlands Ranch Community Association for January - April 2014.

Take a look here.

It is chock full of a huge array of activities, events, classes and more for all age groups. 


Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+

Posted in Highlands Ranch
Dec. 11, 2013

Have We Reached the Tipping Point?

While this article does not address Denver, Colorado by name, it is a question that I have been asking for some years now - where is the tipping point for the residential real estate market versus the rental market?

The rental market has been on fire for a number of years and I believe that it was spurred on by the large amount of home that were foreclosed on back around 2006-2007.  Even if you are foreclosed on, you have to have a place to live and since foreclosure nullifies your ability to buy a home for a number of years, the rental market became the beneficiary.  So, my question as the years passed was when would rents push too high and become too painful before renters would be looking to buy again.  I believe, in part, that this started back around early 2012, but rents continue to rise, so there is still demand for rentals.

Landlords have been pushing rents and I guess that will continue until vacancy rates start to rise.  Also, with all the demand, new apartment complexes have been popping up all over the metro Denver area and one would surmise that with all the new inventory, rents may stagnate in the near future, but we shall see.

The real estate market has been on a tear as of the last couple of years as well and that has been fueled by the low interest rates and I believe a little bit to do with rental rates rising.  On top of the many other benefits to owning your own home, the fact that you know your monthly payment will be the same year after year (unless you are in an adjustable rate loan) offers some solace.  Sure, that number can bounce a little if your property taxes rise, or if your homeowners insurance rises, but on the whole, you will be roughly the same as you were the prior year.  Also, take into account that you can write off interest and property taxes and the question begs - why are you still paying rent (or your landlord's mortgage)?

Have we reached the tipping point?


Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+

Posted in Denver
Dec. 11, 2013

Lone Tree Keeps Plugging Along

According to reporter Jane Reuter with Our Colorado News, Lone Tree has hit on a winning financial formula - read her article here regarding this winning formula.

Lone Tree, Colorado is a great place to live.  There is an abundance of retail, entertainment and restaurants all within a 5 minute car ride regardless of where you live in Lone Tree.   Also, residents are 10 minutes away from the Denver Tech Center, or 30 minutes from Downtown Denver.  Or, they could just jump on the light rail at Lincoln / I-25 and ride instead of drive.  Lone Tree continues to plug along and from the looks of it, they are doing it right.


Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+

Posted in Lone Tree
Dec. 5, 2013

Highlands Ranch is Cold This Morning

- 8 Degrees this morning driving to school.  Hoping for some warmer weather here soon, but think we are in a deep freeze for the next few days.  Thankfully, this only happens a couple of times a year.

 

  Chilly Drive in Highlands Ranch

 

Posted in Highlands Ranch
Dec. 4, 2013

October 2013 Monthly Metro Denver Real Estate Market Update


Read up, or watch on YouTube my latest take on the Metro Denver Residential Real Estate Market for October 2013.

October 2013 Metro Denver Monthly Real Estate Update


Thanks.



Search All Denver Homes For Sale

What Is Your Home Worth?

Denver Monthly Residential Real Estate Market Update


Sean Patrick Reilly
Cherry Creek Properties
Real Estate & Construction Management Majors - University of Denver '91
303.520.8700
seanre@msn.com
MyDenverRealEstateSearch.com




Add Me on Google+