What You Need to Know Before Moving to Colorado

Monday, May 1st, 2017

It’s no secret that Colorado has recently been topping the list of hot places to move. With its abundant sunshine, beautiful scenery and growing cities, the Centennial State has become a new favorite destination. Whether you’re a native looking for a new home or a transplant wondering how to move to Colorado, here are a few things every future Coloradan should know.

moving to colorado

What to Know Financially:

Houses in Colorado tend to come with a higher price tag. This is partly because Coloradans can afford to spend more with an average annual salary of about $54,000 in Denver. You’ll want to plan for a slightly higher cost of living overall. Plus, sales tax varies by city and county, and these can really add up. Be sure to do some research on these taxes before picking your new neighborhood. Luckily, Colorado’s job market is booming and unemployment is low. If you don’t have a job here yet, the chances are good that you’ll find one soon.

The Hottest Neighborhoods around Colorado to Live In

Monday, March 13th, 2017

Colorado is one of the fastest growing states in the union. We are fourth in population growth since 2010 (7.5%), and now have over seven million people calling Colorado home. In order to accommodate this kind of growth, Colorado’s housing market has become quite welcoming to all demographics. Whether you’re planning on moving to the state or are a native, finding homes in Colorado can be challenging if you don’t know where to look.

hottest neighborhood in colorado

  1. If you’re retired:

Wheat Ridge, Arvada – Wheat Ridge offers retirees a lot of outdoor activities including bird watching, picnicking at Crown Hill Park, or hitting the links at Applewood Golf Course. There are 173 doctors in the neighborhood as well, perfect for those with permanent medical needs.

  1. If you’re starting a family:

Superior, Erie – This town is just 27 days shy of having sunshine year round. Its school system is ranked in the top 5% of Colorado’s education market, too. The town is also in the midst of a development plan that will see a 12-acre park built near Eldorado K-8.

Get Your Home Ready for the Spring Real Estate Selling Surge

Monday, February 13th, 2017

Most real estate markets have some degree of seasonality and Colorado is no exception. As the snow melts, the housing prices begin to bloom. Real estate professionals know this phenomenon as the Spring Selling Surge, occurring between March and May. Here are a few ways to make your home stand out during this year’s surge, so you can maximize your return on investment.

real estate spring selling surge

  1. Understand what is motivating buyers

stagingRight after the holidays, there is a noticeable uptick in real estate activity. According to AtHomeColorado.com, most buyers in the state expect to see more options available as the weather warms up. This increases both inventory and competition in the market, growing the potential for above-ask offers. Most families will be more motivated knowing they have a limited timeframe to close on a house if they have children in school.


  1. Put all personal items in storage

Seasons Market Shift: What You Should Know for the New Year

Friday, December 16th, 2016

The New Year is often the best time to start new ventures. If one of your resolutions this year is to sell your home or property, here are some market shifts you will want to be aware of before contacting a listing agent.

2017 real estate trends, market, prediction, new year

  1.   Analysts see a recession occurring in 2017

According to Yahoo Finance,  a group of surveyed market analysts agreed that the real estate sector should be a little pessimistic about the economy in the near future. They say this is primarily caused by global uncertainty, leading investors to turn away from U.S. real estate. In this tricky environment, it’s important to know exactly how to approach the market; Alaris Properties would be happy to help you navigate stormy waters.

  1.   Housing market is already near pre-recession peak

Home prices have continuously posted steady year-over-year gains, accumulating into near pre-recession highs over a 53 month period. The median price for single-family homes is around $226,000—a 7% increase from 2015. This will eventually cause market normalization and stagnate price growth.

What is My Home Worth?

Thursday, May 12th, 2016

Sellers frequently ask us to answer that question of home value.  These days, homeowner perception of value can come from many sources including, the internet, county assessor, appraiser or even their neighbors.

Many buyers and sellers are familiar with certain websites that generate automatic values for homes. Some of these sites have become the go-to resource; however, they can produce values that do not reflect the actual market. Disclaimers on some websites show large standard deviations to protect themselves from being sued. On the other hand, some homeowners believe that their home’s value is what the county assessor tells them the value is. However, the county assessor typically looks at past sales amounts of similar homes, some as much as two years ago. Please know that I am not necessarily knocking these methods of valuation. Instead, I would like to point out that there are lots of ways to value a home.

5 Things You Must Known Before Buying a 2nd Home

Monday, April 11th, 2016

Buying a second home can be an exciting experience, whether you are in the market for a vacation destination or a rental income property. However, you’ll want to be fully prepared before you start your search in order to protect your peace of mind.

secondhome

In order to get a loan for a second home, you’ll need to be in a good financial situation. It is recommended that you have about six months worth of payments on both homes before applying. You should also expect to pay a higher down payment for your second home than you did your first, at least 30 percent. Your debt, including mortgages, credit card debt, car loans, and student loans, shouldn’t exceed a 36 to 42 percent ratio to your income. If you plan on renting out your second home, mention this to your lender, as it lowers the risk.

A Record Breaking Year

Monday, March 7th, 2016

Last year was a record-setting year for Denver residential real estate.

According to data from the Denver Metro Association of Realtors, after 12 months of record prices, low inventory, and a fast sales pace, the residential real estate market in Denver ended 2015 with more than $20 billion in total sales. This number is a 14 percent increase from 2014.

iStock_000050887012_MediumMore than 55,500 properties (including detached single-family houses and attached condominiums and townhomes) sold in 2015, an increase from the 54,068 homes that sold in 2014.

The year ended with a 10 percent increase in the average sales price from the year before, with average prices reaching $374,900 for single-family homes and attached homes combined.

December is typically a slow selling month, but 4,170 homes were sold last month, which is a 1.7 percent increase from the year before.

Best Place to Own a Home

Thursday, January 7th, 2016

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According to a new report by Redfin and porch.com, Denver is the best place in the country to own a home.

The list is based on a survey of about 10,000 U.S. homeowners in 67 markets.

It uses criteria such as healthy living, commute, climate, educational opportunity, economic opportunity, resident satisfaction, walkability, security and safety, real estate confidence, and tax fairness.

​Denver ranked first in the country for healthy living, first for climate, and second for resident satisfaction, placing it in the top spot overall.

Click here to see the full report.
Meet the Alaris Team to find out about our deep investment in this unique city, and be sure to follow us on Facebook. We are here to serve all your real estate needs by providing first class service.

Fewer Homeowners Underwater

Monday, January 4th, 2016

UntitledAccording to statistics compiled by Zillow, the percentage of Denver homeowners underwater (owing more on their mortgage than their home is worth) fell to 5.5 percent in the latest quarter from 8.2 percent a year earlier.

In September, it was reported that 6 percent of Denver homeowners were underwater in their mortgages.

​Only San Jose, California (3 percent) and San Francisco (4.7 percent) had smaller percentages of homeowners underwater on their mortgages.

Nationally, the U.S. negative equity rate dropped a full percentage point in the third quarter of 2015, from 14.4 percent to 13.4.

Want to find out about our deep investment in this unique city? Meet the Alaris Team. We are here to help you with all your real estate needs. We work with buyers, sellers, and real estate investors. Alaris Realtors(R) have a powerful command of this real estate market.

Smallest Home Value Decline in the Nation

Monday, December 7th, 2015

Untitled3According to a new report by Zillow, only 1.5 percent of Denver homes lost value last year, which was the smallest decline in home value in the nation.

Nearly 28 percent of all U.S. homes lost value last year.

Zillow estimates that home values in Denver have risen more than 16 percent in the past year, compared with a national increase of 3.3 percent, and the median sale price for homes in Denver rose 14.2 percent in the past year, more than any other area in the country.

Contact us if you would like to explore owning a home, selling a home, or buying an investment property. You can also read about our brokers here. We look forward to answering your questions and helping you buy or sell a home.

 

(Image via Zillow.com)