Blockbuster's Gettin' With It

When Redbox came out I thought it was greatest thing ever. Movies for a buck! Wow!! Let's go to Redbox and get a movie!


Well, I got tired of it quick and here's why. The selection is terrible! They run out of the movies I want! You have to sit and wait while some indecisive guy picks out his movie! You wait the WAIT IN LINE TO RETURN A MOVIE! You have to go to McDonalds to get your movie! Eww, McDonalds.

I can now honestly say that I'm a Redbox hater, and so, last night, Meg and I decided to stop by Blockbuster again. We almost felt guilty. $5 for a movie when we can get one at Redbox? Who cares if it's not the one we wanted to see, it's only a dollar! But we decided to splurge last night, and so to Blockbuster we went. We drove up, parked, and I walked in to get a movie while Meg waited in the car with the Maxinator.



I noticed a big advertisement on the windows of the store that said, "Thousands of Movies for $1 a Day!" MUSIC TO MY EARS! 

That's exactly what I would've wanted to hear on my first haj back to Blockbuster. Ladies and gentleman, it's true, Blockbuster is back. There are literally THOUSANDS of movies to choose from, and you don't have to wait in line to pick out your movie. You don't have to wait in line to return your movie either. You don't have to go to McDonald's, and it truly does cost a dollar a day to rent a movie (unless it's on the "wall" and then it's $2.50 for the first day). 

If you value your time and your right to choose, DON'T GO TO REDBOX EVER AGAIN! Because you deserve to find the movie you wanted. You deserve to get your movie with DIGNITY!

Life's too short to not be passionate about things. 

Denver's On the Rebound!

Good news for real estate! Denver was named #1 on a list of cities poised for real estate rebound by NBC's Today Show. Denver, more than any other U.S. city is "clearly on a rebound," said real estate expert Barbara Corcoran. "Everything about Denver is pointing up, up, up." The city has "a vibrant downtown, it has a high employment base, it has educated people, it has youth, [and] it has one of the biggest park systems in the country." The picks on the top cities list were based on eight factors:

1. Job growth potential

2. A growing population

3. Good weather

4. Lots of first time buyers

5. No overbuilding

6. A vital downtown

7. A well educated population

8. Foreclsoures earlier than other cities

*For more, click here: http://denver.bizjournals.com/denver/stories/2009/05/18/daily31.html

I personally have noticed an uptick in activity. Over half of my listings are selling in 45 days or less. I listed a home in Greenwood Village's Huntingon Acres earlier this month that probably would've moved a lot slower just a few months ago because of limited jumbo loan financing options. But jumbo loans are coming back! (Just ask for details if interested.) After a flurry of interest, I had this home under contract in just 7 days on the market! Unheard of. The virtual tour to that home can be viewed at http://www.Obeo.com/536803

Just for fun, here's a list of the neighborhoods with the highest average sale price increase in 2008:

Baker: Average Sold Price = $255,000; + 8%

Berkeley East: Average Sold Price = $314,000; + 7%

Cherry Creek: Average Sold Price = $1,161,000; + 11%

East Highland: Average Sold Price = $296,000; + 7%

Platt Park South: Average Sold Price = $402,000; + 4%

Rosedale: Average Sold Price = $360,000; +17%

University Hills: Average Sold Price = $303,000; + 6%

Wash Park East: Average Sold Price = $705,000; + 8%

Call me if you have questions about how your neighborhood is faring. I'll be happy to consult with you about your long-term and short-term real estate plans.

Go Nuggets! Go Denver!!

Seth Jenson

Broker | Owner

Jenson Real Estate Group

303-268-2024 (Direct)

303-564-5049 (Mobile)

Metro Brokers, Inc.

2009 Turning Out To Be Another Tough Year

As we all know, Colorado’s economy went through a tough year in 2008. So far, 2009 is turning out to be another tough year. According to Metrolist, the Denver area’s Multiple Listing Service, closed residential sales were down 12% in March from March 2008 and 14% year to date. The average sold price is down 8% from a year ago.

But there’s light at the end of the tunnel! There are more than a few positive indicators to look to. The inventory of homes for sale is about 20% lower than it was 12 months ago, and new listings coming on the market are off by 16%. Absorption rate—an indicator of how quickly the supply of homes on the market is turning—is currently at 5.9 months, down 10% from this time last year. Both of these metrics indicate that the glut of homes on the market is clearing out. Buyers are snatching up homes, and for those of you contemplating putting your home on the market, you will have less competition to contend with.

Consider all of these positive market indicators:

• Low interest rates

• Pent up demand amongst Denver buyers

• Lower inventory of homes available in the Denver area

• Falling absorption rate

• Opportunity to get good deals (perceived or real)

• Buyer incentives like the $8,000 first-time home buyer tax credit

So, what does the future hold? Well, as usual, when making guesses about the future it’s important to realize a prediction is just that, a guess. But hopefully an educated one. I could be way off base, but when taking all of these indicators into account it would appear that we’re going to be one of the first markets to come out of the national real estate doldrums. But remember, I could be totally wrong here! Stay tuned.

If you have any questions about the current market or would like to discuss your situation, please call. That’s what I’m here for.

Warm regards,

Seth Jenson

Broker | Owner

Jenson Real Estate Services

303-268-2024 (direct)

303-564-5049 (mobile)

Metro Brokers, Inc.

P.S. Please call or email me if you know anyone that might want to buy, sell, or finance a property ANYWHERE. I'll take excellent care of them, or I'll find a top agent or broker or to help them. Thanks in advance for your referrals.