Denver Most Expensive Homes for Sale October 2020

Over the summer, the average cost of a single family home in Denver blew past $600,000, propelled by strong demand and a limited market. Moreover, the October trends report from the Denver Metro Association of Realtors maintains that sales of luxury properties — those valued at more than $1 million — remain brisk, too.

Still, all pricey pads are not moving quickly. Our look at the five most expensive homes available for purchase right now through LIV Sotheby’s International Realty excludes four homes listed on the site that are currently under contract — a status that indicates some extremely well-heeled buyers are still out there. But three of the properties spotlighted here have been sitting on the market since our last post on the topic, published in early March, right before COVID-19 hit Colorado full-force, with the joint in the top slot a repeat from our August 2019 offering.

Moreover,

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Denver Starting Small-Area Planning Process for Park Hill Golf Club Property

Denver will soon initiate a small-area planning process for the 155-acre property that includes the now-closed Park Hill Golf Club, and the developer that bought the property has agreed to participate.

“I want to reaffirm our commitment to honestly listening to the people who will bring this project to life and to a transparent and equitable dialogue,” says Kenneth Ho, the project lead at Westside Investment Partners, in a statement announcing the agreement. “We recognize that there is a higher bar for community benefits on this site, and we are committed to ensuring that the end result of this project reflects the values and needs of the community.”

The announcement comes two months after Denver City Council voted against referring a measure to the ballot that would have required voter approval for the city to lift any conservation easements, which limit development possibilities for the property. For decades, the Park

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Homes are still flying off the shelf in metro Denver and pretty much everywhere else

A year ago in September, it took 15 days on average for a home to go under contract in metro Denver, according to Zillow. Last month, homes took only six days to find a buyer.

Entry-level homes were snapped up in just four days on average, and even the most expensive homes, which can linger, took only 10 days to find a buyer.

Metro Denver’s market has run this hot before, but always in the spring and summer, not at the start of fall when the kids are already back in school.

“Normally, the housing market begins to slow down around this time of year as the weather cools and buyer activity fades, but it’s 2020, and nothing is normal this year,” said Zillow senior economist Chris Glynn in his report. “Instead of slowing down, we’re seeing the housing market continue to speed up as autumn continues.”

Nationally, homes spent

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Health care real estate firm eyeing metro Denver for corporate headquarters

A multibillion-dollar California real estate investment trust and the U.S. arm of a Japanese aerospace firm are considering locating their headquarters in metro Denver, according to incentive requests approved this week by the Colorado Economic Development Commission.

Healthpeak Properties, a real estate investment trust based in Irvine, Calif., was approved for up to $5.3 million in Job Growth Incentive Tax Credits if it brings 166 net new full-time jobs to the state. The company, which applied under the codename Project Pegasus, expects the primarily executive-level jobs will pay an average annual wage of $425,213 a year.

“It would be the highest projected average annual wage if they move forward with Colorado,” said Jill McGranahan, a spokeswoman for the Colorado Office of Economic Development & International Trade.

One question around Healthpeak’s award is whether it could actually take advantage of those state tax credits. Real  estate investment trusts must pay out

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Denver Home Inspection Helps Owners Prepare for Listing Homes in COVID Market

DENVER, Oct. 16, 2020 /PRNewswire/ — With the high demand for homes and limited inventory in Denver, Janci McClafferty, Realtor with LIV Sotheby’s International Realty will advise her sellers to hire home inspectors prior to listing their homes for sale if they are looking to close quickly. It’s a strategy that can make all the difference for a quick turnaround.

“Sellers often question whether it’s a good idea to have their home pre-inspected prior to listing.  My advice here is if they are in need of a much quicker closing than the normal 30-45 days, this is a good option,” said McClafferty. “Having your home pre-inspected and getting ahead of any major issues can cut your closing time in half!” 

To Daniel Tsirlin, owner of Denver Home Inspection, this makes perfect sense. “I enjoy working with sellers to ensure their property is in the best possible

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Denver Metro’s real estate market is ‘full steam ahead’ this fall

Another month of 2020 has come and gone, yet the real estate market in Denver Metro has not slowed down. This year, the concept of a “selling season” does not exist. No matter the time of year, rain or shine, consumers are heading out to find their dream homes in Denver Metro.

This persistence is largely driven by low-interest rates and homebuyers’ need to find a home that suits their post-COVID-19 lifestyle. These factors, combined with the fact that Denver Metro is an ideal area to work and play while social distancing, have triggered a surge of demand for homes in the Mile High City and surrounding communities.

Each month, LIV Sotheby’s International Realty (LIV SIR) compiles a market report that examines data in a year-to-date comparison to the previous year, in order to identify and communicate important real estate trends. Through the month of September, total sales volume in

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A plot of land given to Denver Urban Gardens for $1 to house a community garden will be sold to duplex developers for $1.2 million

Alan Olds is more accustomed to nurturing things than fighting them. As a former garden leader and member at El Oasis Community Garden for the last five years, he has helped dozens of Lower Highland residents find and cultivate plots at the roughly 22,000-square-foot green space at 1847 W. 35th Ave.

That changed when he got a surprise call from Violeta Garcia, then-executive director of Denver Urban Gardens, the first week of September.

“She informed us that most of the garden was being sold, and she expressed her regret that it was necessary,” said Olds, who resigned as a garden leader in late September after meeting with Garcia in person. “She also had some explanation of DUG’s financial situation — and why the board of directors felt that selling it was essential for their survival.”

Many El Oasis gardeners were shocked by the announcement, which amounted to 30 days’ notice

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