The Covid-19 Pandemic and subsequent dismantling of the US economy has residents wondering what the future of Denver Real Estate looks like. While Colorado has certainly not gone unscathed by the Coronavirus, we have clearly been more fortunate than States like Washington, Louisiana and New York. In fact, one of the advantages to living in Colorado is we are somewhat insulated from the coasts. We tend to be affected later and to a lesser degree when it comes to national events.
The new year started off strong with a hot seller’s market. In the last four weeks a sudden economic shift has everyone wondering where we go from here. Fast changes have come as the Covid-19 crisis transforms the way we do things. New obstacles stand in our way, while our innovations keep our personal and business lives moving forward.
Going into the current crisis we were moving back into a strong seller’s market. Buyers have been very active the first two months of this year while available inventory has remained low. The health crisis and financial impact came about very quickly, yet the real estate market did not simply go off a cliff. Over the last week we have seen new properties coming onto the market and homes going under contract. The market has changed, but does not appear to be in a freefall.
A recent outbreak of a coronavirus, first detected in Wuhan City, China, has gone from a local issue to a potential world-wide epidemic. The virus, which is easily transmitted between humans, is creating enough public health concerns that the US stock market has reacted negatively over the past couple of weeks. With this kind of volatility, is Denver real estate facing a potential issued based on the virus?
Twenty-first century technology has changed the way we do business. The Internet has put vast amounts of information at the buyer’s fingertips and accelerated the way we do business. Although technology has made it more efficient, we have lost some of the personal touch in the sales process.
Don’t look for ping-pong tables and arts & crafts classes in this new community center. This cutting-edge facility has gone high tech, putting you on stage, in front of the camera and behind the microphone. The Buell Public Media Center is a twenty-first century version of the local community center. This powerful new facility reaches out to the community, giving people of all ages the opportunity, and ability, to learn, express themselves, and communicate with the world.
In 1860, Denver’s first hospital was a log cabin located at the corner of Larimer Street and Cherry Creek Drive. Founded by two doctors, Dr. John Hamilton and Dr. O.D. Cass, City Hospital served the fledgling Denver community. With a population of less than 5,000 people the early hospital was sufficient to support the city’s…
It’s been a long time coming. Barry Riddle will tell you the dream of building a tennis facility began when he was in college and has lasted for more than 40 years. In August 2019, through the help of a variety of people and businesses, his dream of opening a facility that would cater to not only the tennis community, but the community at large was fulfilled. Parker Racquet Club, located next to Parker Fieldhouse, opened its doors in the late summer to tennis players of all skill levels and ages.
There is a perception that nothing happens in real estate at the end of the year. It’s true that the winter months see the number of listings and transactions decline. The holidays are clearly a distraction, and weather can be a deterrent in looking at homes for sale or making a move. But this past December had moderate weather and the highest number of transactions over any December in the last several years.
Walking through the front door you immediately know you are not in a traditional bank. The typical, run-of-the-mill banking institution doesn’t exist here. There are no teller lines. Space is open and full of natural light. Vibrant colors elegantly and beautifully reflect the North American Indian culture.