LOPEZ RESIDENCE WALKTHROUGH

By Bianca Myers - August 28, 2019
Categories: Uncategorized

 

Another sneak peek into this beautiful ranch just finished in Highland Meadows!

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BROWN RESIDENCE WALK THROUGH

By Bianca Myers - July 18, 2019
Categories: Uncategorized

 

A matterport walk-through of this beautiful new home we just finished in Highland Meadows!

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Lakewood residents voting on whether the city should limit growth

By Bianca Myers - July 8, 2019
Categories: Uncategorized

LAKEWOOD, Colo. — Lakewood voters get a say on what was the focus of the Denver mayoral race: growth and development.

There is a special election on Tuesday in Lakewood that asks if the city should limit growth.

“Shall the City of Lakewood limit residential growth to no more than one (1) percent per year by implementing a permit allocation system for new dwelling units, and by requiring City Council approval of allocations for projects of forty (40) or more units?”

As of noon on Monday, 28,000 votes had been cast out of nearly 100,000 ballots mailed.

If the measure passes, growth would be limited to about 680 new units in 2020, which would be handed out by allocations. Any projects that need to request more than 40 allocations at one time would have to wait to see if smaller developments request any of the allotment. Even if there are some available, projects of 40 or more would need to be approved through special public meetings and, ultimately, city council.

Just beyond Lakewood city limits in Golden, a 1% growth ordinance was passed more than 20 years ago.

“The ordinance was adopted in 1996,” said Golden Planning Manager Rick Muriby. “At the time, it was adopted mainly for the single-family growth on the hillside that was occurring.”

The Golden growth limit has since gone down to 0.9%.

“We typically only get one or two more a year to use than the previous year. So, we’re at 78 currently,” said Muriby. “We have, really, a few opportunities to develop new land in Golden. Because of our constraints, we only have a few years where they’re actually all taken.”

Larger projects have to bank allocations over time until they collect enough to build the number of units they’re requesting. And those projects cannot start until all allocations are collected.

Boulder also has a one percent growth limit.

“The system itself was created in 1976, originally known as the ‘Danish Plan,’ which was actually at 2% per year, which was actually modeled after Petaluma, Calif.,” said Boulder Interim Planning Director Chris Meschuk. “It was in 1995 that we reduced it to 1% per year.

In 2019, 571 allocations are available for new development in Boulder.

“As you can see, as you go around town, there is still growth and development that occurs in Boulder just like every other community,” said Meschuk. “Areas where our policy objectives are to encourage housing in those areas, those are the areas that we exempt from the program.”

In Boulder, allocations are not needed if the development includes 35% affordable housing, mixed-use with commercial and residential or if it is a non-residential area being converted to residential.

Get Real

By Bianca Myers - April 17, 2019
Categories: Uncategorized

We’ve seen some headlines recently that suggest home prices along the Front Range have peaked and are starting to decline.

When we dig in and do the research, this is what we find…

Home prices are still going up, just not as fast as they have been.

We’ve known that the double-digit appreciation that we’ve seen for the last several years could not be sustained and we expected the pace of appreciation to slow down.

So far in 2019, this is the case.  Prices still going up, just not as fast.

It’s like running up stairs.  Eventually you will get tired and you will need to start walking (but you’re still going up).

Headlines that suggest that prices have peaked and are falling create unrealistic expectations for buyers and give sellers a skewed perspective on the market.

Here are the numbers…

Average Price:

  • Up 1.53% in Metro Denver
  • Up 6.1% in Larimer County
  • Up 5.1% in Weld County

Months of Inventory:

  • 5 Months in Metro Denver
  • 5 Months in Larimer County
  • 4 Months in Weld County
  • (Remember that 4-6 months of inventory represents a balanced market)

There has been an increase in Days on Market which means that homes are taking longer to sell.  But the increase is measured in days, not months.

Here are those numbers…

Days on Market:

  • Up 4 Days in Metro Denver
  • Up 11 Days in Larimer County
  • Up 3 Days in Weld County

So, be mindful of headlines that can be sensationalized and might suggest that the market is falling.

Bottom line, the market is going up, just not as fast as it was.

6077 Crooked Stick Walk Through

By Bianca Myers - April 9, 2019
Categories: Uncategorized

In case you weren’t able to attend our broker open a couple weeks ago, we made sure to grab a quick video walk through tour of our latest spec home 6077 Crooked Stick. Enjoy!

 

WALK THROUGH