Cash Deals on the Rise!

In 2013, especially through the months of June – August, the market has seen “all cash” deals rise to more than 40%. This increase, from 32% - 41%, is mostly attributed to sustained investors, rising interest rates and a tight inventory.

Rising interest rates are making it harder for buyers needing mortgages to get a loan; mixed with the low inventory, where in multiple offer situations cash offers win almost every time, it’s easy to see why cash deals are becoming more popular.

The growing number of foreclosure purchases at auctions, which are all-cash purchases, also contributes to the hike in cash deal percentages. Investors are feeling more comfortable entering back into the market place and selling properties they were sitting. This in turn is freeing up their cash flow to invest in other properties.

You can see more of Realty Trac’s report at http://www.inman.com/2013/09/26/cash-sales-share-of-total-purchases-skyrockets-by-nearly-a-third-in-2-months/

UNIVERSITY PARK ROW HOMES: An amazing new development between D.U. and Observatory Park

Designed and constructed by Sprocket Design-Build, the University Park Row Homes are located at 2170-2180 South Josephine Street, one block east of D.U. There are 12 townhomes ranging 1,331 - 1,354 square feet, and each townhome has 2 bedrooms, 2 baths, an outdoor deck off the master suite, and a 2 car attached garage with storage area. Prices start at $399,000.

These stylish living spaces emphasize light and volume with open floor plans, oversized windows, and vaulted ceilings. Each plan’s interior palette has been created by noted Denver interior design firm MCdesign, and feature hardwood entries, stainless steel Bosch Appliances, and Chroma stone slab countertops. Each row home also has a private deck ranging in size from 137- 186 square feet and are pre-wired for outdoor speakers and plumbed for water and BBQ gas grills, making them perfect for outdoor entertaining.

University Park Row Homes effortlessly mixes the charm of a college town, the convenience of a central location, and the serenity of a traditional neighborhood where lovely historic homes and mature shade trees line picturesque streets.

For more information visit: UniversityParkRow.com

Denver’s Revitalization of its Poorest Neighborhoods is in full swing.

Among the Mayor’s future plans for Denver, includes the revitalization and better connection to the city for some of Denver’s outlying and often forgotten neighborhoods. The city has created a plan for the Sun Valley neighborhood which will transform it into a Denver jewel.

Located on Denver's west side, the Sun Valley neighborhood sits near Sports Authority Field between Federal Boulevard and the South Platte River. Ninety percent of its 1,500 residents live in subsidized housing, where the median household income is only $8,000 a year. Denver’s west side will receive more attention with the expansion of the light rail’s West Rail Line. City planners, along with, the Denver Housing Authority, have spent more than a year creating the Decatur-Federal Station Area Plan, which focuses on the development of the area a half-mile around the station.

The goal is to encourage the current diversity of the neighborhood while reconnecting it with the rest of the city. The city will build a community that is bicycle and pedestrian friendly which draws businesses, as well as residents.

If you’re interested in learning more about this revitalization plan go to: http://www.denverpost.com/ci_23066719/city-plan-looks-revitalize-denvers-poorest-neighborhood

Under Contract in 1 Day!

This amazing Town Home went under contract in one day! Located at 2026 S. Pennsylvania Street, in the heart of the beautiful Platt Park neighborhood, it is just blocks away from Olde South Pearl Street's Trendy Shops and Restaurants.

The property includes 3 bedrooms, 3 1/2 bathrooms and 1866 square feet with an additional 950 square feet of finished basement.

Listed at $615,000, this property has sleek Euro style cabinetry, chroma style slab counter tops, spacious master suite with a large walk-in closet and a second floor ensuite bedroom with a full bath a private balcony.

Want to see more of the property? Take the virtual tour at: www.2026southpennsylvania.com