Late spring data are showing further evidence of an early recovery for the real estate market in the Denver area—particularly for the under-$250,000 price range—according to a newly released report issued by Prestige Real Estate Group.

Prestige agent Bonnie Wing prepares a new listing in Denver’s popular Highlands neighborhood near downtown. Key to a quick sale, Wing says, is a listing that is staged properly and given any necessary repairs.

“The continuing decrease in supply we’re seeing at the low end is exactly what you would expect from the earliest stage of a general recovery,” said Jack O’Connor, Managing Broker of Prestige Real Estate Group and author of the new report. more »

While agents in other parts of the state were marveling at the strong performance posted west of the divide in Colorado River counties of Eagle, Garfield and Mesa last year, brokers in the region’s big town of Grand Junction were noting a slight cooling off…but one that appears as a respite, not a trend.

Custom home on 35 acres ten miles southwest of downtown Grand Junction is on market at $1.45 million

“We’re maybe down a little now, but we’ll have a good year,” says Sharon Vaughn, who along with husband Larry are part owners of Coldwell Banker Home Owners Realty in Grand Junction. A major factor fueling recent growth—oil, gas and shale oil production in the region—is likely to keep bringing relocations, including to Grand Junction itself, where some employees are willing to commute 45 minutes up the valley to Parachute near many of the energy industry ventures.
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Where: Stapleton Penthouse Row Homes, by McStain Neighborhoods, three models open, only 7 homes available. Take Martin Luther King east from Quebec into Stapleton, 1/2 mile to Central Park Ave., north past the park one block to 33rd, then east 5 blocks to Xenia, model on corner
Price: From $440s to $590s
When: 10 a.m. to 6 p.m., 12-6 Sunday
Contact: 303-399-9799 www.mcstain.com

By Mark Samuelson

McStain Neighborhoods was a “green” builder long before their creative homes became a hit at green-minded Stapleton. Today you can come tour three McStain models designed on a concept so appealing that 80% of them sold out at Stapleton before anybody got a look inside.

Quite a few of those people purchasing McStain’s Penthouse Row Homes have come from inside Stapleton itself – buyers who are stepping up in size and features, getting closer to the newest parks, while keeping their access to all of the restaurants and shopping.
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