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.

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

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.
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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%

Home Builder Confidence

Friday, October 30th, 2015

iStock_000003209555_Small

The Housing Market Index, which is based on a survey by the National Association of Home Builders, recently rose 1 point to 61, its highest level since November 2005. This Index is used by builders to determine when they should be building new homes. Given the unbelievable shortage of housing inventory, this is a good sign. We need more inventory. The current number of homes on the market is off by over 50%.

Builders were asked about current sales of new single-family houses, sales expectations for the next six months, and traffic of prospective buyers.

The answers:

  • Current sales are up.
  • Buyer traffic is up.
  • Sales expectations are unchanged.

Home builders’ biggest challenges are workers and finding land to build on. Also, the Colorado Construction Defects law is onerous for builders. This keeps many builders out of Colorado. Nonetheless, it has been nearly 10 years since home builders have been this confident about the housing market. We expect to see more homes being built in the months to come.

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

Recession Recovered City

Wednesday, October 7th, 2015

Signpost with the words Recession and Recovery against a blue cloudy sky

Denver is at the top of many rankings for its business and economic climate, so it’s not too surprising to find it near the top of yet another.

According to a new WalletHub report that compares 150 of the largest U.S. cities across 17 metrics in two categories, employment and earning opportunities and economic environment, Denver was rated the second most recession-recovered city.

Here are some of the metrics looked at:

  • Unemployment rate
  • Inflow of college-educated workers
  • Median household income
  • Poverty and foreclosure rates
  • Number of businesses

Cities were assigned a score in each metric, with “1” being best and “75” being average

According to the report, Denver is:

  • 12th for home price appreciation
  • 11th for poverty rate
  • 36th for ratio of part-time to full-time jobs
  • 2nd for inflow of college-educated workers
  • 1st for foreclosure rate
  • 74th for public assistance rate

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.

Millennials Still Living with Parents

Friday, September 18th, 2015

family quarrels with the husbands mother

According to a new Pew Research Center analysis of U.S. Census Bureau, more millennials are living with their parents today than at the depth of the recession, despite an improved job market.

The amount of young adults living in their parents’ homes has increased from 24 percent in 2010 to 26 percent in the first quarter of 2015.

During that same period, the unemployment rate for adults ages 18 to 34 dropped from 12.4 percent in 2010 to 7.7 percent this year.

Despite the fact that there are 3 million more Americans in the 18-34 range now than there were in 2007 (Millennials now outnumber Baby Boomers), the number who are living independently has fallen from 42.7 million in 2007 to 42.2 million today. This is directly related to the fact that because of skyrocketing home/apartment prices and wage stagnation, millennials are being priced out of urban living and home ownership.

Understanding Value

Thursday, September 10th, 2015

1

Value may be controlled by the market, but we understand that value. In previous articles, we have talked about how to value your home, how to command the highest price for your home, for buyers how to present winning offers, and how to negotiate contracts. We are here as valuable resources and trusted advisors. You may call upon any of our brokers for all your real estate needs and questions.

Inventory remains at historic low levels and buyers feel anxious. Inventory is down by about 50%. For those of you who have been waiting for the opportune time to sell your home — the time is NOW.

It may surprise you to know that there are over 150 new home communities in the greater Denver area. New home builders and developers understand this huge demand, which has led to a burst of new construction. With population anticipated to grow, new home builders are pushing inventory onto the market as fast as possible. We are excited to see how this market changes with the classic battle of supply and demand.