All About Colorado’s Real Estate Market
The dates and hours for the 2007 Colorado Parade of Homes have been set.
The 2007 HBA Northwestern Colorado Parage of homes will feature 18 homes through out the Western slope of Colorado. Details of the homes in the parade can be found at http://www.coloradoparade.com/bf/co/gjhba/mem/homes.jsp?pid=1060
September 8th and 9th from 10 AM to 8 PM.
Sept 12-14th from 1 PM to 8 PM
Sept 15 & 16th from 10 AM to 8 PM.
This weekend there are 2 big auctions where several hundred Colorado homes will be on the auction block. Colorado has been experiencing a high foreclosure rate, and may even set a record number for foreclosures for 2007. While unfortunate for the owners and lenders, this leads to a great year of opportunity for real estate investors.
Not all homes that are up for auction will be great investments though, so do you homework. Inspect each home and know what repairs are needed.
Here is the auction information:
Hudson & Marshall Auction
August 4, 2007 at 1 PM
Renaissance Denver Hotel
You will need to bring a cashier’s check made payable to yourself for $5,000. In addition, be prepared to pay 5 percent of the winning amount.
Real Estate Disposition
August 4 and 5th
Colorado Convention Center
Starts at 9:30, registration begins at 8 AM.
Rules: You must have a photo ID and a check for $2500, or if higher, 5% of the winning bid, plus 5% for buyers premium.
Federal land managers approved up to 1,570 natural gas wells on the Roan Plateau, over the next 20 years. The Roan plateau is highly valued for its abundant wildlife, and breathtaking backcountry.
Allowing the drilling has been a very heated debate for years. Critics are concerned that the drilling will harm the environment and wildlife.
Mercy Housing has opened their new Denver development, Legacy at City Park South . The development is one of the few Denver condo complexes that provides access to people who make less than the area’s median income. Many Denver condos are built for luxury, such as Grant Park and the Landmark. These condos are out of the reach of homeowner’s in this income range.
Both Boulder and Colorado Springs are in the top 10 metro areas with the highest number of bedrooms. 28% of Boulder homes have 4 or more bedrooms, while 33% of Colorado Springs do. 26% of Colorado homes fall into this category as well. Utah leads the nation with 40%.
The irony to all of this, is that the average household size has shrunk to 2.6 people since 1990.