The Places Where People Aspire to Retire: Colorado

Monday, February 20th, 2017

The Colorado foothills are a very popular location to retire. Living in the gorgeous Colorado Rockies offers heartwarming views, peaceful environments, camaraderie with like-minded friends, and endless the recreational activities. Here are some advantages to choosing one of the foothill communities as your retirement destination. It’s not just a place to retire, Colorado offers some of the best places to live and work.

retire in the mountains

  1. Evergreen

This town is about 15 miles west of Denver with an active population, great restaurants, a beautiful lake, and a variety of communities in which you could choose to live. It was originally a summer resort town for Denver’s upper-class and is considered the best retirement town in Colorado for active retirees. Evergreen Golf Course and Evergreen Lake are both very popular recreational areas nearby. There is a quaint little downtown area, tons of hiking trails, ranches, farms, newer homes, historic homes, and everything in between.

  1. Genesee

Local Luxury: Top 10 Favorite Colorado Caterers

Monday, November 7th, 2016

Fall’s brisk weather makes any gathering warm and inviting whether it’s at home or the office.   Treat your guests to high-quality food and service by calling upon a catering service. Here are ten of Colorado’s top caterers that are sure to create an unforgettable holiday experience at your next event.

colorado catering, caterers, food, party

  1. Catering By Design

As their name suggests, Catering By Design offers a completely customized event service—from the food, to service style and presentation. These caterers offer both seasonally inspired, interactive food ideas and a build your own section for their creative customers.

  1. Footers Catering & Events

Footers offers their customers a one-stop-shopping experience by offering décor and style rentals like plates, glass, silverware and accessories that leave when the event staff leaves. They’re sure to bring a fun, innovative service that you’ve never experienced before.

  1. Culinary Wave Catering

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.

A Look Back at 2015

Thursday, December 10th, 2015

In 2015, we saw the average monthly inventory decrease and the average home price increase. This has been a trend for the past couple years. Here are some statistics for 2014 and 2015 in a few selected areas:

INVENTORY 2014 Average Inventory 2015 Average Inventory Percentage Decrease
Denver 1,698 1,922 22%
Jefferson 1,405 1,252 11%
Park 321 255 21%
Clear Creek 110 75 32%
Gilpin 54 43 21%

 

SALES PRICE 2014 Average Sold Price 2015 Average Sold Price Percentage Increase
Denver $273,675 $320,612 15%
Jefferson $274,745 $315,999 14%
Park $222,088 $256,159 14%
Clear Creek $235,537 $296,140 21%
Gilpin $265,282 $291,377 9%

Markets to Watch

Thursday, November 26th, 2015

Untitled1Denver was ranked 6th on Urban Land Institute’s annual list of “markets to watch” for real estate trends.

The annual report said that 2016 will be the year of secondary and tertiary markets, a category which Denver fits into. Secondary and tertiary markets refer to markets that are large, but not as large as primary markets like New York City and San Francisco.

The ranking is based on survey results and interview notes for the purpose of determining market participants’ feelings about a given city.

The report importantly stated that, ”The strength of the economy in Colorado’s state capital seems to have put it on everyone’s list of top markets for 2016.”

Survey respondents said that Denver’s exposure to the technology industry and the public and private investments in infrastructure made them feel comfortable about the city’s continued growth.

Infrastructure investment is Denver’s lowest score of the three categories examined, but its score in the infrastructure investment category is still one of the highest in the survey.

Foreclosures: Colorado Contrasting the Nation

Tuesday, November 17th, 2015

Untitled design (4)According to RealtyTrac’s latest Foreclosure Market Report for Colorado, one in every 733 houses are in foreclosure, a 15 percent decrease from the same time last year.

Colorado had a 17 percent decrease in the number of foreclosure filings (the first stage of the foreclosure process) from the second quarter of 2015 and a 15 percent decrease from the same time last year.

This is quite a contrast to the national trend where foreclosures saw a 3 percent increase from this time last year.

Across the country, there was a total of 327,258 U.S. properties with foreclosure filings in the third quarter of 2015, which is down 5 percent from the previous quarter but up 3 percent from the third quarter of 2014.

The annual increase nationwide in the third quarter marked the second consecutive quarter where U.S. foreclosure activity increased on a year-­over-­year basis following 19 consecutive quarters of year-­over-­year decreases.

Denver’s Economic Growth

Thursday, November 12th, 2015

UntitledAccording to a new report by the federal Bureau of Economic Analysis, Denver’s economy grew at a pace of 6.5 percent last year, which is nearly triple the average rate of the nation’s metro areas.

The Denver metro area (including Aurora and Lakewood) had a gross domestic product (GDP), which measures the total output of goods and services in a given area, of $187.1 billion in 2014,

which ranked Denver 18th for year­over­year growth out of 381 metropolitan areas ranked in the analysis.

At 6.5 percent, the growth in the GDP for metro Denver during 2014 is significantly higher than the GDP for U.S. metro areas, which was at 2.3 percent in 2014. Click here to see the full report.

Check out Alaris Properties, LLC, where we take the worry out of buying and selling real estate, and make the entire experience enjoyable.

 

(Image via the Bureau of Economic Analysis)

Solar Power Rankings

Wednesday, October 28th, 2015

Desert Array

According to a new report from GTM Research and the Solar Energy Industries Association, the United States solar power market passed the 20 gigawatts of capacity milestone during the second quarter of this year.

New installations of solar power during the second quarter nationwide totaled nearly 1,400 megawatts.

Overall, the U.S. installed 2.7 gigawatts of solar power panels during the first half of 2015, and is on track for a record-breaking 7.7 gigawatts of new capacity this year.

Colorado’s rankings for solar power are 9, 13, and 11:

  • 9th nationwide in terms of overall solar power capacity
  • 13th nationwide in terms of the amount of solar power capacity added in 2014, during which Colorado added 67 megawatts of solar power systems
  • 11th nationwide in terms of the amount of solar power added during the second quarter of 2015

Best in the West

Wednesday, October 21st, 2015

best

According to a new list by Money magazine, Denver is the best city to live in the West.

The magazine rated Denver No. 1 in the West, calling it a mecca for Millennials. Did you know that Millennials now outnumber Baby Boomers?

What aspects of Denver were highlighted?

  • Relatively affordable real estate (when compared with Boston or San Francisco)
  • Access to recreation

The city was also ranked 10th nationally in a recent WalletHub ranking of top cities for recreation.

Click here for the full report.

Be sure to check out and follow us on Tumblr where we blog about these kinds of topics and others that affect our real estate market. We stay current on information so we can help our clients with their real estate transactions. More important, we care about our clients and enjoy sharing our knowledge. If you have a question about a real estate related matter, please call us today at 303-526-7400.

Colorado’s Wind Power Rankings

Monday, October 19th, 2015

wind

According to new reports from the U.S. Department of Energy, Colorado ranks 7th nationally for wind-power generation capacity installed in 2014, and 10th for total wind power installed through last year.

Colorado had 261 megawatts of wind-driven energy production capacity installed last year, roughly the equivalent of the power needed to serve 69,600 typical homes.

As for the percentage of each state’s power generated by wind, Colorado ranks 8th, at 13.6 percent.

Also, a recent report from the American Wind Energy Association said that Colorado employs more than 6,000 workers in wind-power manufacturing, which is the third highest amount nationally.

Alaris is also committed to preserving the environment. We can help you market or buy properties with “green” features. The future is going to be full of alternative energy generation. Make sure you are on top of this topic when you are ready to buy or sell a home. Email us at info@alarisproperties.com if you have a question you would like us to answer. We are here to serve you.