Arrow Electronics Relocating Headquarters to Denver

I just read today that Arrow Electronics, a worldwide leader in computer and consumer electronics will move it’s corporate headquarters to Arapahoe County in mid November.  Arrow already has an operation here in the Inverness Business Park near Centennial Airport with around 1000 employees.  Now, Arrow Electronics will transform this location into it’s headquarters!

Why is this important of even news!  Jobs.  At least the potential for jobs over the next several years. Colorado could gain around 1250 jobs from this move.  In fact, Colorado is working to recruit other companies that supply Arrow Electronics to relocate here as well.  Things aren’t all doom and gloom.

And why shouldn’t these companies move here?  Colorado is business friendly, we benefit from an incredible climate that employees come to love very quickly.  Housing statistics in the area are stable and mixed with great schools and plenty of entertainment, companies stand the chance to have very happy, productive employees to drive the business into the future.

So congratulations to Arrow Electronics for their wise move and the decision to make Colorado their corporate home!

Denver Real Estate Market Report By Zip Code | South Suburbs | July 2011

 Denver Zip Code Real Estate Report July 2011Well we’re into the second half of the year already so let’s look at July’s figures.  I see a lot of RED!  Understandably, the inventory levels are less than in previous years but let’s not get caught up in all of that.  Let’s look at what we have right now.  To me it looks pretty good.

Sellers in most South Denver real estate zip codes are looking at fairly low months of inventory.  Sellers in areas such as Parker, Highlands Ranch, Lone Tree and Englewood all enjoy a seller’s real estate market.  Like I always say however, an overpriced home in less than good condition will struggle to sell in any market.  So sellers need to stay focused on price and condition.

Buyers never fear!  There is still enough inventory out there for you to find the perfect home.  Take advantage now of these all time low rates which improve your buying power tremendously based on mortgage qualification and monthly payments.  If you find the home you like, act on it.  It is a great time to buy, really.

If you are looking to buy your next home or maybe sell your current home, please contact me and let’s see how I can help.  I’m active in the market and stay current on real estate values and trends.

720-849-6101

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Denver Real Estate Market Report By Zip Code | South Suburbs | June 2011

June 2011 real estate data by zip code south Denver Metro

We are a bit more than halfway through the year already so let’s take a look at June’s statistics for the midyear.  Most zip codes for the south metro Denver area remain  pretty steady as far as sales and inventory levels.  In fact, most are pretty good  for the market with most zip codes staying “red”, which indicates a fairly hot market for sellers.

Parker and Castle Rock both have large numbers of active inventory and Parker continues to show great activity in it’s 80134 zip code!  Highlands Ranch reflects a seller’s market as well as many of the zip codes just north, including Englewood, Centennial and Greenwood Village along with others.

If you are a seller in one of these South Metro Denver zip codes, remain competitive on price, condition and depending on your price range, you may need to remain patient.  Even though it is a stable market according to statistics, the hottest prices remain between $200-$500k.

Buyers, stay active and engaged in the market. If you are ready to buy, then don’t believe the inventory will remain on the market forever and there is an overabundance of choices.  As you can see, in most areas inventory is to the seller’s advantage and the best homes continue to sell quick.

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

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Denver Real Estate Market Report By Zip Code | South Suburbs | May 2011

Denver Homes Sales & Real Estate Statistics

May continued the trend of a fairly strong homes seller’s market this year, at least as far as inventory levels go. Looking at the chart, there is still a lot of red!  Seller’s need to take advantage of the season, keep the curb appeal spruced up grass green and cut, fresh mulch and blooming flowers.

Buyers have fewer choices so don’t hesitate when you find the home you love. Especially anything priced under $200k, these homes are HOT! Take advantage of still great interest rates and start living your dream.

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

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Denver Real Estate Market Report By Zip Code | South Suburbs | April 2011

 

April inventory levels remain positive in most areas. Not too much of an over supply in the market.  In fact, as you can see by all the red, most areas have relatively low levels of inventory.  There is a good amount of inventory out in Parker, which is the 80134 and 80138 zips, however also a lot of sales leaving the area in a pretty balanced market condition.

On average, days on market look to be a bit over 4 months for many areas which is consistent with the months of inventory in those areas.  What does this mean to sellers?  Lower inventory again this month is good.  However, patience is necessary for most, the showing activity is just not that brisk.  Also, be very competitive in price and condition.  With fewer homes competing for the home buyers, it becomes clear to those out in the market which homes are overpriced and which need more attention to condition details.  So keep it clean, well maintained and priced right and you should be fine.

Buyers need to act quicker if they have interest in a particular home. With less inventory and great interest rates, the home you like today another buyer may very well have seen and liked yesterday.  Now you find it under contract!

The Denver Real Estate market is pretty good. If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

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Denver Real Estate Market Report By Zip Code | South Suburbs | March 2011

The economy remains a struggle. Unemployment needs to improve as well as consumer confidence.  These are all facts of life in the current economic landscape.  Housing is generally a concern for many and maybe the way to start getting us all on the right track.

Real estate statistics can change almost as often as they are run. I won’t be too Polyanna-ish, but if you look at the chart of the most recent month’s activity in the South Denver Metro area, there is a lot of red and yellow areas.  This indicates a pretty balanced level of inventory and in many areas, a seller’s advantage.

Of course, homes inventory overall is down a bit and values still struggle, but on a positive side this isn’t a  real estate market where most seller’s languish on the market and feel the need to give in to the “buyer’s market” mentality.  That is, of course, if they are priced correctly in the first place.  If a seller is overpriced in any market, they cause their own issues.  With most areas balanced, sellers can expect to remain on the market for a reasonable amount of time and buyers should expect a reasonable and fair price for the home.  Interest rates are still very favorable, but creeping up a bit lately.  For buyers waiting for the further price declines, don’t forget the cost of financing in the overall scheme of things.  It can often take a large price decrease to make up for the extra cost of just a small rate increase.

The Denver Real Estate market is pretty good.  If you would like a more detailed look at your own home’s value or if you are looking to buy, please contact me I would love to help.

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Denver Real Estate Market Report by Zip Code | South Suburbs | February 2011

Denver South Metro Suburbs Real Estate Market Report & Trends by Zip Code

Denver real estate market trends for February look to be spread pretty evenly again this month.

There are 7 zip codes in the south Denver metro area that months of inventory have increased, 6 zip codes that have remained relatively flat and 7 which have decreased.  This data is compared to real estate activity for these south Denver area zip codes from January 2011.

Of course, in most zip codes there will generally be a wide range of value for homes. Average homes sales price and days on market can sometimes skew quite a bit, depending on what price range in the zip code had the most activity. For example, if a few of the higher priced homes in the area sold this month then it would likely reflect a higher average sales price.  At the same time, if several very well priced homes in any price range came on the market and sold quickly, then the average days on market may be lower.

You’ll want to determine the data for your own neighborhood, since real estate is always very local.  However, this data can be very helpful in determining real estate trends for the area. 

If you’re considering a move or just curious about your neighborhood, give me a call or email and I would love to help or go over the statistics with you for your local Denver neighborhood.

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