Pinnacle Condos Denver

Denver Condos Sales on the Rise and pricing would seem to be expected follow.

Sales of homes in the Denver area are looking much improved for the spring of 2012 and with the low inventory it would seem pricing would be the next to see improvement.  With Denver condos sales on the Rise many are talking about it and this includes a recent article in the Denver Post which in part reads:

Denver-area home sales climbed in April

Metro-Denver home sales climbed in April as the spring home-selling season kicked off.Buyers placed 5,681 homes under contract in April, up 7 percent from March and up 20 percent from April 2011, said independent real estate consultant Gary Bauer.”It is pretty amazing. Everything is up. Denver is one of the strongest markets out there,” he said.  Bauer’s comments were based on an analysis of data supplied by Metrolist Inc .  The Denver-area housing market has recently heated up in certain price ranges due largely to extremely low inventory prompting bidding wars for some properties.  In April, 10,254 homes were listed for sale, down from roughly 18,000 a year ago.  ”With low inventory of homes for sale, homes are selling on average close to the listing price,” Bauer said.  The average price for a single-family home was $298,712, up 5 percent from March, and up 10 percent from April… for the entire article go here:  http://www.denverpost.com/breakingnews/ci_20553286/denver-area-home-sales-climbed-april

We here at the Pinnacle Luxury Condos at City Park are happy to see the market rebounding and inventory so low and Denver Condos Sales on the Rise.  With our limited availability are still able to still able to offer a handful of floorplans but they are dwelling quickly so for the best availability in down town Denver luxury condos you should come see us soon!

  With spring in full bloom and summer rounding the corner it is the perfect time to claim your piece of the downtown Denver condo market and enjoy the summer city park event from your personal balcony or from the rooftop pool and lounge deck!

The 2012 summer Jazz schedule is out and it will be a great year living downtown and at city park.  Events are  going to be great!  Pinnacle Welcomes City Park Jazz 2012

The Denver real estate market is loosing inventory fast.  Denver Condo Inventory is a big part of that.  MSN.com reported Denver as the #1 fasted market that real estate inventory is disappearing in at 42% lower than this time last year.

Here is a bit of the article:

Act now! 10 major housing markets with the shortest supply of homes - Denver - Decline in inventory: 42%

The Denver condos and general real estate market keeps seeing improvements into the spring of 2012.  March was a  very good month with buyers taking action like we have not seen for many years.  The good news is that the market is shifting and the inventory is being absorbed.  The bad news is the the inventory is not being replaced in the condo market.  This means that soon…very soon there will be essentially no new condo inventory on the market…only resales or foreclosures.  This will be a major let down for the condo buyer sector that INSISTS on new construction not only for the finish levels and open concept layouts but also for the most current trends in amenities and designs.  The new construction buyer will have to wait for some time for a new project to come on line with many of the large condominium projects taking many years to get off the ground and years after that to get buyers moved in.

A resent Denver Business Journal article spoke to the current market

Dennis Huspeni

Reporter - Denver Business Journal

One word describes real estate analyst Gary Bauer’s metro Denver home sales report for March: “up.”

Inventory is up. Activity is up, with more sales and more contracts being written. And prices are up, according to Bauer’s report, released Thursday and based on Metrolist Inc.    multiple-listing data.

“On a percentage change basis, for March’s month-over-month, this is the second best report in all the records that I have going back to 1985,” said Gary Bauer, an independent, Littleton-based real estate broker, Metrolist analyst and board member.

For the entire article click: http://www.bizjournals.com/denver/news/2012/04/05/bauer-finds-much-to-like-in-metrolist.html

 

Contact us for an appointment to see our numerous decorated models.  We are open 7 days a week.

303.333.1200 or Info@pinnaclecitypark.com

The Denver Business journal just posted an article about the return of appreciation in the Denver Real Estate market….and we are oh so happy to repost this article and a link to it for our fans to relish!

http://www.bizjournals.com/denver/news/2012/03/27/sp-denver-home-prices-up-from-2011.html?ana=e_den_rdup

S&P: Denver home prices up from 2011; 1st year-over-year rise in 19 months

Mark Harden

New Media Editor - Denver Business Journal

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For the first time in 19 months, metro Denver posted a year-over-year increase in home prices in January, according to the latest S&P/Case-Shiller Home Prices Index.

It was a small increase, up just 0.2 percent from January 2011, according to the closely-followed report from Standard & Poor’s    . Still, Denver was one of only three cities out the 20 tracked by the report to show a year-over-year price rise.

The average for the 20 cities was a decline of 3.8 percent. The only other cities with year-over-year gains were Detroit (up 1.7 percent) and Phoenix (up 1.3 percent).

Metro Denver’s January gain followed small year-over-year declines of 0.4 percent in December 2011 and 0.2 percent in November 2011.

Before that, year-over-year price declines in the area had ranged from 0.9 percent to 4.1 percent going back to July 2010. (See the table at the end of this article for data on year-over-year price changes in Denver for the last few years.)

As for month-to-month changes, prices in Denver rose 0.7 percent from December 2011 to January 2011, seasonally adjusted, following December’s 0.1 percent increase from November, the Case-Shiller report said.

(Not seasonally adjusted, Denver prices fell 0.6 percent in January from December and were down 0.9 percent in December from November.)

January’s month-to-month average price change for all 20 cities in the report was flat, seasonally adjusted, and down 0.8 percent, not seasonally adjusted.

The prices are for resales of stand-alone single-family homes only, not for new construction or condominiums.

The Case-Shiller report assigns index values to the 20 cities based on current average home prices in relation to what they were in January 2000.

Denver’s index for January was 122.92, meaning that prices were 22.92 percent higher than they were in January 2000. The 20-city average index was 135.46.

The Case-Shiller index is compiled by comparing matched-price pairs for thousands of single-family homes in each market. Standard & Poor’s and Fiserv Inc.    publish it.

> Click here to download the latest S&P/Case-Shiller report.

Case-Shiller is one of several popular measures of home prices, using different methodologies, covering different housing types and geographical areas, and giving somewhat different results.

A report March 8 from CoreLogic said home prices, including distressed sales, in the Denver-Aurora-Broomfield area were up 1.1 percent in January from the same month a year earlier, following a 0.1 percent year-over-year rise in December.

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Denver area year-over-year home price changes from Case-Shiller

Here are year-over-year price changes in the Denver area from the S&P/Case-Shiller Home Prices Index report for recent months:

• January 2011: Up 0.2 percent.
• December 2011: Down 0.4 percent.
• November 2011: Down 0.2 percent.
• October 2011: Down 0.9 percent.
• September 2011: Down 1.5 percent.
• August 2011: Down 1.6 percent.
• July 2011: Down 2.1 percent.
• June 2011: Down 2.5 percent.
• May 2011: Down 3.3 percent.
• April 2011: Down 4.1 percent.
• March 2011: Down 3.8 percent.
• February 2011: Down 2.6 percent.
• January 2011: Down 2.3 percent.
• December 2010: Down 2.4 percent.
• November 2010: Down 2.5 percent.
• October 2010: Down 1.8 percent.
• September 2010: Down 1.6 percent.
• August 2010: Down 1.2 percent.
• July 2010: Down 0.1 percent.

Each month from October 2009 through June 2010, the Case-Shiller report showed year-over-year increases in Denver-area home prices. That ended in July 2010.

Before October 2009, Denver saw 36 straight months of year-over-year price declines, peaking at a 5.7 percent drop in February 2009 from the year before.

Pinnacle Condos Denver

The sales pace at Pinnacle Condos in Denver is back on track.  Much like the sales pace we saw at the beginning of the project.  We are seeing many buyers get off the proverbial fence and make their move with the inventory supply waning in the Denver market.  They know if they want to own Denver real estate especially a new condo in Denver they need to move now or be stuck waiting for a developer to start another condo project downtown which could be years.

Recently in the Denver Post an article spoke to this very  Denver Real Estate topic.  It was quoted as saying:

Housing sales and prices edge up in metro Denver

Contact our onsite sales staff to reserve your personal tour or just drop in we are open 7 days a week from 10 to 5!  We have many models to view and amenities that will stun.  If you are at all interested in a piece of the Denver Real Estate market come out and see what downtown Denver condo living can be like….the lifestyle, the views, the park…the life!

 303-333-1200      or Info@pinnaclecitypark.com

The Denver Real Estate market seems to be on the upswing.  Not only are month over month and year over year numbers up –  the available inventory on the market is down…WAY DOWN.

As quoted in a recent Denver Business Journal article ”

February’s inventory of unsold homes was 10,086, down 3 percent from January and down a whopping 42 percent from February 2011’s 17,358.

As far as homes sold, there were 2,495 last month, which is up 1 percent from January and up 12 percent from the same month last year.”  For the entire article go HERE.

With Pinnacle Condos in Denver having limited Real Estate. Our inventory is down to 20 something out of the 268 that were originally built.

The Height of City Living

We have 6 3 bedroom homes available. 3 of which you can still pick your finishes – this is something you just can’t find in Denver real estate without a painful remodel.

Come in and see us today to get your personal tour and pick your piece of the Denver real estate market.  The views are stunning, the prices are right and the time is NOW!

With finishes like granite slab counter tops, high end appliances, onsite amenities including private party rooms, Landscaped rooftop deck, Professionally equipped Fitness Center,Wine Room, Theater Room, guest suites,  Lobby Attendants and so much more!  The amenities are just to numerous to mention and all finished with a level of luxury and refinement that will amaze.

Contact our onsite sales staff to reserve your personal tour or just drop in we are open 7 days a week from 10 to 5!

 303-333-1200      or Info@pinnaclecitypark.com

In the latest issue of 5280 they rated the views of the city and name the view from City Park #1!

Here is a link to the article:  http://www.5280.com/magazine/2012/03/scenic-sixteen

They call it the “Scenic Sixteen” and we agree…Denver Colorado is home to some real stunners….but the views from the personal terraces at The Pinnacle are some of the best.  If you are interested in seeing one for your self come by and out on site staff would be glad to show you either from the rooftop pool and terrace  or if you are interested in making this amazing view your personal view.  We only have a handful of west facing condos for sale  so they will go fast.

 303.333.1200 or Info@pinnaclecitypark.com

Park are a landmark…both literally - it can be seen for miles – and figuratively - downtown Denver condo living at it’s best.

The economy has been a hot topic for some time now and recently at the Downtown Denver Partnership Inc.’s Urban Leadership Symposium it came up again.  Here at Pinnacle Condos in Denver we are proud to be a core part of the revitalization and continued growth of downtown Denver and the new homes for sale here.  For more information on this topic here is an except from an atricle recently in the Denver Post:

Vibrant downtown Denver called key to region’s thriving

Pedestrians and vehicles mingle at Glenarm and 16th Streets in downtown Denver on Monday, August 8, 2011. (Jakob M. Berr, The Denver Post)

Contact us for more information about new homes and condos for sale in downtown Denver

303.333.1200 or Info@pinnaclecitypark.com

We have been so busy since late November of  2011 that we are now in a position to be able to sell one of our 9 decorated models.  This is a rare treat in the Denver Condo market where model furniture sales seemed to be a thing of the past.

Contact the sales office for more information.

303-333-1200 or Info@Pinnacle City Park.com

Not all models and or furniture are available for sale so make sure and contact us for details.  Here is a breakdown of the current model homes we have for viewing:

Check with the sales office to verify information and pricing….square footage needs to be verified.  Finishes vary by floor plan and floor level.  Views also vary.  We are open for sales 7 days a week for model viewings.  Color schemes of the models vary too.  As well as the furniture style.  We have models with burnt red accents that are just stunning or others with subtle tones of tan and beige.  Many with accent paint to bring the entire design together with the art and furnishings.  Our newest model has an entire curved entry wall in a stunning burnt ocher that is truly just amazing.  The color entices the visitor and curves around to bring them into the living space…where the view greets them with an “AHHHHH!”  Come in to see it yourself.  A design sight to behold!