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.

2016: A Good Year for Job Seekers

Monday, February 8th, 2016

This new year should be a good year for job seekers.

According to a new WalletHub report that analyzed 150 of the nation’s most populated cities for their job market and socioeconomic environment, Denver is in the top 15 best cities to find a job in 2016.

Alaris Properties, Denver Real Estate, 2016 Denver Real Estate, Home Foreclosures, Luxury Mountain Real Estate, 2016 Denver Job Growth

Here were the categories look at:

  • Job Opportunities
  • Employment Growth
  • Monthly Median Starting Salary
  • Unemployment Rate
  • Industry Variety
  • Full-Time Employment
  • Percentage of Employed Residents Living Under the Poverty Line
  • Disability Friendliness
  • Median Annual Income
  • Time Spent Working & Commuting
  • Benefits
  • Housing Affordability
  • Annual Transportation Costs
  • Safety

Click here to see the full report.
Be sure to follow us on Twitter. We Tweet on real estate related topics. Feel free to ask us any real estate related questions. Your questions lead to our blogs.  Click here to Contact Us.

 

The Opportunity to Invest is Here

Monday, December 14th, 2015

Top-Appreciating-Real-Estate-Markets

Don’t forget that Denver’s residential real estate prices this year have outpaced most of the rest of the country and we anticipate that market trend to continue.

Now, according to a new study done by BiggerPockets, Denver ranks second in the nation when it comes to providing the best returns on residential real estate.

If you’re looking to invest, the opportunity is here. As the report affirms, ”Denver takes the number two spot, with gains driven largely by the strongest appreciation in home values of any major market studied over the period. Residential real estate prices increased a staggering 13.4 percent year over year across the Denver metro region.”

Only Dallas offers better returns. Following Dallas and Denver are Miami, Houston, Atlanta, Tampa, Detroit, Austin, Las Vegas, and Orlando. 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 and look forward to assisting you in your next real estate transaction.

Rental Housing Real Estate

Monday, November 30th, 2015

Untitled2According to research conducted by All Property Management (a Seattle­based company that tracks rental housing real estate investment in 75 U.S. markets), Denver is the fourth best

market in the country to own rental housing.

Denver ranked high in categories such as vacancy rates (4.3 percent), property appreciation (11.61 percent), and job growth (2.94 percent). Because of these numbers, the report stated

that it’s a wonder why Denver doesn’t actually receive more national recognition as a real estate powerhouse.

The top five markets in the country were all located in the West. Seattle ranked first, San Francisco ranked second, San Jose ranked third, and Portland ranked fifth. Click here to see

the full report.

Be sure to follow us on Twitter. We understand the rental market and can assist you in find and acquiring a rental property. Jon Terry owns several rental properties, and would be happy to

answer your questions if you are considering investing in a rental property. You can reach Jon by email at Jon@AlarisProperties.com or by dialing 303-­907-­7668.

Denver Ties with San Francisco

Tuesday, November 10th, 2015

Untitled design (3) Untitled design (2)According to the latest monthly S&P/Case-­Shiller Home Prices Index report, after trailing San Francisco for year-­over-­year home-­resale price gains in July, Denver tied with San Francisco in August for the top spot among 20 major U.S. metro areas.

Case-­Shiller numbers for metro Denver cover a 10­-county area: Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties.

Both Denver and San Francisco home resale prices saw a yearly gain of 10.7 percent in August, more than twice the national gain.

The average yearly price increase among the 20 major cities tracked by the monthly report was 5.1 percent in August, and other than Denver and San Francisco, no other metro area scored double ­digit percentage year­-over -year price gains in August.

Denver’s Case-­Shiller home price index also reached an all-­time high of 172.82 in August.

What does this mean? An index reading of 172.82 means that local home resale prices averaged 72.82 percent higher than they were in the benchmark month of January 2000.

Denver Has Less Homes in 2015

Tuesday, September 22nd, 2015

Suburban homesAccording to a recent report by Zillow, Denver has 16.6 percent less homes for sale today than in 2014.

In the lowest-priced homes category, that percentage is even higher at 38.7 percent.

Zillow also reported that nationally, rents rose in the second quarter by 4.3 percent in the past year.

In Denver, however, rents jumped by 13 percent year-over-year in the second quarter to $1,265 per month across the Denver metro area.

See the full report here.

Hidden Home Ownership Costs

Friday, August 28th, 2015

Silver house key lying on a contract for house sale

When compared nationally, the hidden costs of owning a home in Denver are relatively low.

Hidden costs are annual costs like homeowners insurance, property taxes, utilities, as well as outsourced maintenance costs, such as yard care and carpet cleaning.

According to a study conducted by Zillow, only Atlanta and Phoenix have cheaper annual hidden costs of owning a home than Denver.

In the Denver area, the hidden costs a homeowner will experience are $8,146 annually, which isn’t bad compared to the national average of $9,477.

Interestingly, of the 15 surveyed cities, Denver had the cheapest “annual optional maintenance costs,” at $2,782.

Be sure to follow us on Twitter, where we Tweet on all kindsof real estate related matters and Denver news trends.

Fastest Selling Homes

Monday, August 24th, 2015

Sold house sign

According to a new report by Redfin, Denver has the fastest selling homes in the country.

This means that half of Denver’s new homes sell in six days or less.

Redfin reported Denver’s six-day sales topped all other surveyed markets, including Seattle (nine days or less), Portland (10 days or less), and Omaha (11 days or less).

Rising home prices in Denver also topped the country. In fact, July was the eighth consecutive month of year-over-year price growth above 10 percent.

The median asking price for a single-family home in Denver is $419,000 and the median sales price is $325,000. Encouragingly, more than half of Denver homes sell for above the asking price.

See the homes we have for sale here.

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A Robust Real Estate Market

Thursday, July 23rd, 2015

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According to a report from RealtyTrac, foreclosures in Denver, Aurora, and Lakewood are down 3.13 percent in the first half of 2015 compared to the first half of 2014.

Downside: fewer foreclosures could make it tougher for home buyers to find a home in the already-tight Denver market

Upside: a robust real estate market

Foreclosure filings, from January to June, were at one in every 350 properties in the state, which brings the total to 3,096, or 29 percent of the housing units in the state. Foreclosure filings are the initial documents, filed with county public trustee’s offices, that are used to start the foreclosure process. That process ends with the sale of a property at auction, unless debt related to the property is repaid.

As for its rank in the country, Colorado is 28th among the states in terms of number of foreclosures.

Click here to see the full report.

Hottest Market in the Country

Monday, July 20th, 2015

iStock_000043176542_MediumAccording to a recent ranking from realtor.com, Metro Denver is the hottest home-buying market in the country. We believe it. It seems that, when we submit an offer for a client in the Denver market, we are almost always competing with multiple offers.

Realtor.com took the following factors into consideration when determining the ranking: supply and demand, the number of views per listing on its website, and the median age of inventory in each market.

Denver was ranked in the No. 1 position in both April and May, 2015.

The median price of a home nationwide rose 7 percent to $228,000. In April, the median price of a home in metro Denver was $361,000.

Average home prices in metro Denver hit yet another new high in May, with average prices for a house topping out at an all-time high of $420,630.

House prices increased about 4 percent over April, when they set a new record and reached above the $400,000 mark for the first time in Denver’s history.