FEBRUARY 2020 FRONT RANGE REAL ESTATE

March 30, 2020

SERIOUSLY – ISN’T IT TIME FOR A LITTLE HUMOR

FISHING IS INCREDIBLE….ADDING A GARAGE IS CHALLENGING

MY PROFESSIONAL THOUGHTS…REAL ESTATE AND THE PANDEMIC:

At the beginning of 2020, the housing market was strong…based on economic gains and low mortgage rates. Now with the pandemic, the housing industry is waiting and watching. So it would seem that whatever sales are missed in the short term would rebound strongly later in the year. During the 1987 Correction and 9/11, housing prices remained on the rise.

Recently, prior to the pandemic, many buyers were in the market place. Now, for sellers, open houses can be restricted to one potential buyer every twenty minutes or virtual open houses. Listings and sales contracts can be executed electronically or with strict adherence to the social distance guidelines. External appraisals may be possible. Title companies “close” transactions by appointment with a more limited workforce. We, as agents, now work remotely as reasonably possible. There again for sellers, and not to be forgotten, some buyers need to buy now.

Sellers still “sell” and buyers still “buy”.

MY ONLY REGRET…no more hugs at closings from grandmothers.

————————————————————————

RANDOMLY PRICED FRONT RANGE PROPERTIES “FOR SALE”

BY VARIOUS REAL ESTATE AGENTS AND COMPANIES:

Denver – 540 Utica St – $425,000 1,098 Total Sq Ft – Built 1946 – 0.15 Acre		Arvada – 7955 Newman St – $550,000 2,970 Total Sq Ft – Built 1963 – 0.29 Acre
Lafayette – 2337 Sandpiper Dr – $730,000 3,175 Total Sq Ft – Built 1997 – 0.20 Acre		Boulder – 54 Sugarloaf Rd – $950,000 3,561 Total Sq Ft – Built 1970 – 1.67 Acres
Broomfield – 1371 Aspen St – $987,500 4,811 Total Sq Ft – Built 1973 – 1.12 Acres		Lyons – 74 County Road 69 – $1,275,000 2,316 Total Sq Ft – Built 2019 – 1.86 Acres
Estes Park – 4333 Hell Canyon – $2,250,000 1,394 Total Sq Ft – Built 2000 – 320 Acres		Longmont – 6603 Rabbit Mtn – $2,995,000 5,100 Total Sq Ft – Built 2019 – 35 Acres
Cherry Hills – 11 Sandy Lake – #3,495,000 9,290 Total Sq Ft – Built 2004 – 0.46 Acre		Hygiene – 6078 Saint Vrain Rd – $3,750,000 7,243 total Sq Ft – Built 2005 – 36.11 Acres