Post-War Real Estate In Denver
Diversity Comes To Harvey Park
Young Families Fall In Love With The Architecture & Vibe
(Photos: AAron Ontiveroz; Source: The Denver Post)
(Photos: AAron Ontiveroz; Source: The Denver Post)
By definition, hipsters are “people who follow the latest trends.” They’re generally men and women in their twenties and thirties that value progressive politics, intelligence, fashion, thrift stores, vintage / retro items, tight-fitting jeans, thick black-rimmed glasses, indie music, tattoos, modern architecture, walkable communities, farmer’s markets, cheap drinks, microbrews, local businesses, urban living, and art. Hipsters can be found in places like Williamsburg in New York, Wicker Park in Chicago, Little Five Points in Atlanta, and Mission District in San Francisco. According to Forbes magazine, our very own LoHi district made #17 in America’s Hipster Neighborhoods.
The Lower Highlands (LoHi) is located just north of Downtown Denver, nestled between historic Arvada and employment-rich Commerce City. Here you can find rooftop bars, street fairs, the LoHi Music Festival, an officially designated art district, and the third highest number of coffee shops per capita.
Williamsburg is a prime example of the gentrifying effect that hipsters have on a community. At one time, the area was run-down and crime-riddled. Now, the real estate prices are going up and young, new families are flocking here. Hipster neighborhoods are also packed with restaurants, mom-and-pop shops, art museums, and a friendly, inclusive vibe.
Forbes analysis aside, true locals argue that Lower Highland is simply “too old, too established, and too expensive to cater to the PBR crowd.” Other areas to find artsy types include:
The hipster lifestyle is all about “seeing” and “being seen.” So, naturally, nightlife is a big part of the local Denver scene. CBS Local recently wrote a piece about the top hipster hangouts and mentioned:
The Denver Westword Blog mentioned a few more hip bars in Denver…
Home prices in Denver rose 1.3 percent from June to JUly and 5.4 percent since last July, according to the most recent data released by Case-Shiller. Analysts say the year-over-year July increase is the 7th in a row for Denver — and marks the largest increase in Denver home prices since January 2002!
Nationwide, home prices are on the rise in 20 major cities. This recent report is good news for the housing industry. Single family residences are closing much faster than last year’s pace, home inventory is down, and foreclosure activity has bottomed out. All in all, Case-Shiller says they are “optimistic about housing.”
Just 4 in 20 of the metros studied exhibited declines in housing prices. Atlanta home prices dropped a whopping 9.9 percent, while New York fell another 2.6 percent. Denver had the fourth-largest increase in home prices, following Detroit, Phoenix and Minneapolis. Unlike most areas, however, Denver did not suffer from a major housing bubble. That means Denver home prices did not have as far to climb. Our home prices are still only down 5.3 percent from our August 2006 peak.
A Coldwell Banker Residential Brokerage report released last Friday found that the number of million-dollar Denver homes that sold in August jumped dramatically. In July 2011, 53 luxury homes sold, but there were 73 sold last month. The median sale price of these mansions slid 2.9 percent to an average of $1,262,500. The team reports that the most expensive sale this summer was a $3.5 million, four-bedroom, six-bath, 6,000-square-foot home in Denver.
Downtown Denver saw the most luxury home sales in August — with 18 — followed by Boulder (15), Greenwood Village (9) and Cherry Hills (9). Coldwell named Cherry Hills Village as the best place to live for suburbanites, in fact. These high-end neighborhoods feature thriving community centers, small-town feel, excellent school districts, close proximity to amenities, and stunning views; So it’s no surprise that these parts of Denver are seeing a lot of recent traffic.
This breathtaking, one-of-a-kind estate includes 15,000 finished square feet and sits on 35 acres with Denver’s best views. The home sits within a gated community, but horses are welcome here and you’ll find hundreds of acres for riding, hiking and biking.
Granite countertops, slate flooring, and wood pillars reflect stellar craftsmanship and distinguished taste. You’ll get 5 full baths and 2 half baths, as well as 5 bedrooms. The newly-renovated great room is really a “must-see!”
All the best luxury features are packed into this property — vaulted ceilings, a double oven and kitchen island, floor-to-ceiling windows, formal dining room, a master suite, 3 fireplaces, skylights, a wet bar, central air, and walk-in closets. You’ll enjoy a lavish master bath, nanny’s quarters, a state-of-the-art theater, and an indoor/outdoor pool are just a few of the features that make this opulent mansion special.
What people may admire about this particular property is that it’s tucked away from civilization, so you feel like you’re living on a spacious reservation in “the Denver Outback.” Yet, Golden, Colorado is just 25 minutes to downtown Denver — making it a commuter’s paradise. The Colorado Railroad Museum, Coors Brewery, Astor House Museum, Bradford Washburn American Mountaineering Museum, and West Woods Golf Course are all less than 5 miles from your home. The White Ranch Open Space Park is situated adjacent to this community – giving you a glimpse of exotic wildlife like deer, bear, mountain lion, bobcat, elk and wild turkey. You’ll have access to 18 miles of multi-use trails, along with sweeping views of downtown Denver and the Plains.
In my opinion, Golden boasts some of the BEST VIEWS of any place in Denver. It’s no wonder over 18,000 people settled here. In addition to the natural beauty of this gold rush town, the community is friendly and close-knit too. You can ski, bike, water white kayak, golf, or visit a museum. With such a quick commute downtown, you won’t miss any of Denver’s exciting nightlife events.
Visit Luxury Home Magazine for more information on this remarkable listing.
The Mile-High City has some pretty cool (and inexpensive) family activities for the fall, according to The Denver Post. This time of year, families want to enjoy the foliage, festive foods, pumpkins and Halloween. Here are some of the events Denver home owners may want to consider…David Keating Photography
The Home Price Index for Denver-Aurora-Broomfield increased 8.4 percent from July 2011 – July 2012, according to a report published by CoreLogic Inc this month. This marks the sixth month in a row that our year-over-year numbers have increased. Truly, the Denver real estate market is riding a wave of recovery.
Denver homes were selling at 6.6 percent higher prices in June 2012, compared to June 2011. Then we saw another 1.8 percent price hike in July. Nationwide, the HPI has grown 3.8 percent since 2011, so we’re trending ahead of the pack. CoreLogic states that the year-over-year price increases are the largest since August 2006, which is welcome news.
Including distressed homes, the Denver real estate market saw a 7.3 percent year-over-year increase in July and a 5.2 percent increase in month-over-month. NOT including distressed homes, the price increase is still a healthy 6.2 percent. In my opinion, it’s safe to say that distressed properties are not very big a factor anymore. Here in Denver, we have a relatively small inventory of available houses — especially distressed real estate deals. Many of our foreclosed homes were snapped up by savvy investors who survived the recession just fine. They knew that one day prices would rise again in this neck of the woods — and now it is.
Nationwide, the Federal Housing Price Index shows that home prices are up 3 percent in the second quarter of 2012. Dow Jones Index investment in real estate has jumped up 27 percent in the past year. The National Association of Realtors says that the volume of home sales shot up to 4.82 million — just shy of the 5 million benchmark industry insiders had hoped for. While this is still shy of the 6 million sales per year the nation saw during boom time, it’s still 9.3 percent higher than last year.
List Price: $6.2 Million
Bond General Contractors Inc. has been building Denver area homes for more than 30 years. This custom, one-of-a-kind estate is located in the prestigious Greenwood Village at 4081 Preserve Parkway in Denver. The site is a sprawling 1.87 acres and includes a pool and pool house.
What I like most about this property is the Tuscan architectural features with reclaimed beams, hickory wood floors and a Ralph Lauren color palette. There are large two-story windows to let in a lot of natural lighting and views of The Preserve in Greenwood Village. The main floor master suite with marble bath is a nice touch as well.
Fifty years ago, Greenwood Village was just rolling farmland and fruit orchards, with just 500 residents. While the original character has been preserved, the population has grown to more than 14,000. During the 1930s and 1940s, this part of Denver was packed with farmers, as well as downtown-dwellers and suburbanites who wanted country homes for the summer. In September 1950, Greenwood Village officially became a town.
This luxury Denver home is situated half a mile from the Village Club, where horse-lovers can ride. The Goodson Recreational Center with its exercise machines, swimming pools and outdoor pools is just 1.6 miles away — as is the South Suburban Ice Arena for winter sports activities. Two miles from home, you’ll find the Landmark Theatre and highly-praised Mexican food at Lime: An American Cantina. The Comfort Dental Amphitheater — featuring classic rock acts like Journey and Foreigner — is 2.6 miles away. You’re close to Comedy Works Events and the Littleton Historical Musem. This area tends to get many tenured professors who work at the University of Denver as well.