Colorado Green Real Estate

Shadow Inventory Comes Out of the Shadow

An article in Wall Street Journal today gave one of the most credible estimates of shadow inventory yet. According to estimates from LPS Applied Analytics, U.S. lenders have accumulated a shadow inventory (homes owned by the lender but not listed on the market) of 1.1 million foreclosed homes.

These numbers are reported to be up 20% over the previous year. There are many reasons why banks have yet to release the homes to the market but a worst case scenario would be if the homes were released all at once.

The population in the six-county Denver Metro area is about 2.4 million which is about 0.8% of the U.S. population of 310 million. As a rough approximation it seems reasonable to estimate the shadow inventory of Denver Metro at around 8,800 homes.

In 2005, a total of 49,700 homes (single family combined + condos) were sold in Denver Metro. In 2009 a total of 37,339 homes were sold. If all the shadow inventory were released at once, we could sell what we sold in 2009 in addition to the 8,800 shadow inventory homes and we would still be under the sales volume of 2005!

In other words, from the perspective of prior markets the shadow inventory in Denver is probably not that big after all. If all the homes were released at once it would definitely create excess inventory and shift away from a seller’s market to a buyer’s market. However, the shift would be temporary as most of the homes would likely be absorbed in 6-9 months.

What is really going to happen? It’s anyone’s guess how it may all play out.

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder County or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Denver Metro HUD Homes

Denver Metro HUD Homes Open For Bid by Owner Occupants Until 2 May 2010

Denver HUD homes are homes financed with Federal Housing Administration (FHA) insured mortgages that have been foreclosed upon. The United States Department of Housing and Urban Development (HUD) takes ownership of the home and sells it as quickly as possible.

The Denver HUD homes posted on the map below are open for bid by owner occupants until 2 May 2010. If you see a Denver HUD home that you are interested in, contact me as soon as possible to schedule a showing and to learn more about the process of submitting an offer.

Move cursor over the green icon to get a summary of the Denver HUD Home. Click on the icon for more detailed information.

Search More Denver HUD Homes

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder County or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: What Makes A House A Home?

Denver HUD Homes Open For Bid by Owner Occupants Until 25 April 2010

Denver HUD homes are homes financed with Federal Housing Administration (FHA) insured mortgages that have been foreclosed upon. The United States Department of Housing and Urban Development (HUD) takes ownership of the home and sells it as quickly as possible.

The Denver HUD homes posted on the map below are open for bid by owner occupants until 25 April 2010. If you see a Denver HUD home that you are interested in, contact me as soon as possible to schedule a showing and to learn more about the process of submitting an offer.

Move cursor over the green icon to get a summary of the Denver HUD Home. Click on the icon for more detailed information.

Search More Denver HUD Homes

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder County or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Boulder Sunday Morning Mountain Views

Denver Metro Market Snapshot for March 2010

Market data for the month of March was published by MetroList last Wednesday. The data for residential and condos is outlined below. Here are a few key points to consider about the data

Historically speaking, there are not a lot of homes on the market to sell.  This is particularly true under $250K.  If you were thinking about selling your home this spring and it’ll sell for under $250, the market is red-hot.  Homes priced between $250-$350K is healthy for sellers, too.

Buyers are competing vigorously for the homes that are available.  The number of under contract listings is +19% from this time last year, even though inventory is unchanged!  We attribute most of the activity to the tax incentives. 

Some of the volume increase is due to the fact that buyers were very inactive in January and February.  YTD (Year to date) Denver sales volume for DSF is dead-even with 2009.

Many believe interest rates will rise during the course of the year.  If mortgage rates go up 1% (could be more than that), your purchasing power will decline significantly. 

The average DSF price in March ’10 was +9% from March ’09.  This was a mix issue; since there are not many low end homes to sell, we’re selling more Cadillacs and fewer Chevy’s.  Well, at least we’re selling Buicks.

The actual market data is summarized below:

• Inventory was 20,574 listings at the end of Mar 10
  • Compared with prior month, available inventory is up 6%
  • Even with same month, year ago

• Under contract listings were at 5,907 units
  • Up 34% compared with prior month
  • Up 22% compared with Mar 09
• Sales volume (units) totaled 3,602
  • Up 48% compared to last month
  • Up 12% compared to Mar 09
• Year to Date (YTD) Sales volume (units) totaled 8,391 compared to 8,159 units sold YTD 2009, an increase of 3%
• Average sales price was $248,905, even with prior month
  • 7% increase from Mar 09, $232,395 avg price

Search Denver HUD Homes

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder County or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Denver Metro HUD Homes

$494,900 :: 3447 Akron  Court  ::  Denver Colorado, Stapleton, Energy Star Certified Home

• 4 Bedrooms, 2.5 Baths
• Finished Size: 2,800 sq. ft.
• Full Basement (unfinished): 1,073 sq. ft.
• Type: Detached Single Family
• Garage: 2 Car Attached
• MLS No.: 856032

This new John Laing Energy Star Certified Home is conveniently located in the modern Stapleton district on a quiet street near Central Park. The home features a gourmet kitchen with stainless steel appliances and a gas cook-top island in addition to beautiful oak hardwood floors.

This Denver County Stapleton Energy Star Certified Home is built green throughout. Denver County Energy Star Certified Homes are healthier, more comfortable and more cost effective to operate compared to similar sized homes that are not built green. Energy Star Certified Homes also help to protect the environment and make better use of natural resources.

Courtesy of Weekly Homes Realty Company

 Click Here to View More Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information or to Schedule a Showing

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

$499,000 :: 2055 Osceola Street, Denver CO  ::  Denver Colorado, Sloans Lake, Energy Star Certified Home

• 3 Bedrooms, 3.5 Baths
• Finished Size: 2,267 sq. ft.
• Type: Attached Single Family
• Style: Three Story
• 2 Car Garage: Detached
• MLS no. 852232

This brand new Sloans Lake Energy Star Certified Home features a beautiful contemporary design with gorgeous store front windows opening to spectacular lake and mountain views. The ultra-green built unit is a tri-plex that will be completed in April. Some finishes may still be available for choice. A Home Energy Rating Score (HERS) is included.

This Denver County Sloans Lake Energy Star Certified home is built green throughout. Denver County Energy Star Certified homes are healthier, more comfortable and more cost effective to operate compared to similar sized homes that are not built green. Energy Star Certified homes also help to protect the environment and make better use of natural resources.

 Courtesy of Live Urban Real Estate

 Click Here to View More Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information or to Schedule a Showing

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

$1,200,000 :: 220 South Humboldt, Denver CO, 80209 :: Denver Energy Star Certified Home

• 4 Bedroom, 3.5 Bath
• Total Size: 4,266 sq. ft.
• Lot Size: 6,210 sq. ft.
• MLS No. 856683

This is a spectacular Denver Energy Star Certified home located in the historic district near the Denver Country Club. With Washington Park and Smith Lake a few blocks south and Cherry Creek a few blocks east, this beautiful Denver Energy Star Certified home in the Country Club Historic District is perfectly situated in the heart of Denver.

With a gourmet kitchen that includes slab granite, walnut hardwood floors, intricate stonework, a health sauna and wine cellar together with a gorgeous mountain view, this is a dream home by any standard.

This Denver Energy Star Certified Home is built green throughout. The Home Energy Rating Score (HERS) is 60 which means the home is very energy efficient. It includes solar panels in addition to advanced air and water purification systems. These features mean this Denver Energy Star Certified home is healthier, more comfortable and more cost effective to operate compared to a similar size home that is not built green.

Courtesy of RE/MAX Southeast Inc.

Click Here to View More Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information or to Schedule a Showing

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

Denver HUD Homes Open for Bid By Owner Occupant Until 21 March 2010

Denver HUD homes are homes financed with Federal Housing Administration (FHA) insured mortgages that have been foreclosed upon. The United States Department of Housing and Urban Development (HUD) takes ownership of the home and sells it as quickly as possible.

Denver HUD homes are sold through a process of electronic bid online. Bids may be submitted by registered brokers and agents on behalf of qualified buyers. The bid resulting in the highest net proceeds to HUD is selected as the provisional winner subject to timely receipt of all required documents.

Denver HUD homes represent an excellent opportunity for home buyers to purchase a home with equity. Home buyers looking for a bargain can often find one with a Denver HUD home.

As a Denver HUD home registered broker associate, I can show and place offers on Denver HUD homes. I can help you find and purchase a Denver HUD home that meets your needs. I also specialize in helping home buyers purchase Denver HUD homes with money for renovation and repairs included in the FHA purchase loan.

Denver HUD homes come and go quickly. The homes posted on the map below are open for bid by owner occupants until 14 March. If you see a Denver HUD home that you are interested in, contact me as soon as possible to schedule a showing or to learn more about the process.

Move cursor over the green icon to get a summary of the Denver HUD Home. Click on the icon for more detailed information.

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Boulder Colorado’s Garden of the Gods, The View Looking Down

Previous Denver HUD Home Posts

Denver Energy Star Certified Homes For Sale

Denver Energy Star Certified Homes are healthier, more comfortable and cost less to operate compared to standard home designs. Energy Star homes are certified according to standards set by the U.S. Environmental Protection Agency (EPA).

These homes achieve superior energy efficiency performance with a well sealed thermal envelope and extra insulation in addition to efficient heating and cooling systems, energy efficient appliances and lighting, and energy efficient windows and doors.

The map below lists some of the many Energy Star Certified homes for sale in Denver Colorado. Move your cursor over the green icon to see a brief summary of the Denver Energy Star Certified home. Click on the icon to view more detailed information.

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

The video below is produced by the EPA and is a good introduction to the related issues, features and benefits of Energy Star Homes.

Click Here to View Denver Energy Star Certified Homes For Sale

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Denver Metro HUD Homes For Sale

Denver Metro HUD Homes For Sale, Open For Bid By Owner Occupants Until 14 March 2010

Denver HUD homes are homes financed with Federal Housing Administration (FHA) insured mortgages that have been foreclosed upon. The United States Department of Housing and Urban Development (HUD) takes ownership of the home and sells it as quickly as possible.

Denver HUD homes are sold through a process of electronic bid online. Bids may be submitted by registered brokers and agents on behalf of qualified buyers. The bid resulting in the highest net proceeds to HUD is selected as the provisional winner subject to timely receipt of all required documents.

Denver HUD homes represent an excellent opportunity for home buyers to purchase a home with equity. Home buyers looking for a bargain can often find one with a Denver HUD home.

As a Denver HUD home registered broker associate, I can show and place offers on Denver HUD homes. I can help you find and purchase a Denver HUD home that meets your needs. I also specialize in helping home buyers purchase Denver HUD homes with money for renovation and repairs included in the FHA purchase loan.

Denver HUD homes come and go quickly. The homes posted on the map below are open for bid by owner occupants until 14 March. If you see a Denver HUD home that you are interested in, contact me as soon as possible to schedule a showing or to learn more about the process.

Contact Me Today For More Information

Or Call Me At 720-771-5594

Click Here to Search More Denver and Boulder County Homes For Sale

If you or someone you know is interested in buying or selling a home in Boulder or anywhere in Denver Metro please call me. I can help you learn more about the area, and I can assist with all types of real estate transactions. I am also a Certified EcoBroker specializing in energy-efficient homes and environmental practices in real estate across the Front Range.

Please feel free to call me at 720-771-5594 or visit my website at E3GreenHOMES.com

Previous Post: Denver January/February Real Estate Market Snapshot