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.