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One of the least expensive places to live on the West side of town that’s close to the city and is experiencing an extremely high foreclosure rate is an area called Berkley. Actually there are 2 areas Berkley and Sunnyside. Berkley and Sunnyside are surrounded by 38th Avenue at the south and go from Sheridan over to Federal on the east and west. Then it goes up north to about Regis University which is about 60th Street, 58th Avenue. There’s another little area in there called Regis which is right around the University.

These areas have suffered a high rate of foreclosure, so they’re very good areas for both:

• Investors that are looking to fix and rent or fix and flip

• First-time buyers that are looking to get into a neighborhood for under $200,000.

These areas all have homes for under $200,000. In fact, the average price in Berkley in the past 15 months is only about $125,000. And that’s for a 2 bedroom, 1 bath house, maybe a garage detached out back. There’s other areas with prices as high as the low $200,000’s but most of them you’ll find to be in the mid $100,000’s up to $200,000.

If this is an area you’re interested in, you don’t want to wait, because these go fast in this area because of the foreclosures. Right now, there’s pretty low inventories so there’s multiple offers on a lot of properties. If you’d like to search for homes or go look at a home then just start with  www.EasyDenverHomeSearch.com you can use the map feature to search the area I outlined or just put in ‘Berkley’ or ‘Sunnyside’ or ‘Regis’ or all three in the city section on the search criteria.

If you have any more questions about these areas, you can also contact me at 303-526-2606 or just drop me an email at Sam [at] SamWilsonGroup.com

Thank you! Until Next time

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Probably THE best place to live in the Denver Metro area and this will appeal more to the high-end luxury home buyer than anybody else is an area is called Cherry Hills Village.  Cherry Hills Village is surrounded by University Boulevard on the west side all the way over to Monaco on the east. It goes from the south at Belleview to the north at about Quincy. This is a fairly large area and there’s a couple of sub-areas within Cherry Hills such as Buell Mansion.

If this is the kind of area that appeals to you, I’d love the opportunity to assist you further!  I can provide you:

• market statistics
• demographics
• pricing
• even some specific information about some of the high-end listings in there.

This is a neighborhood that sells for an average sales price of about $1.9 million over the past 15 months. Now, there aren’t a lot of sales here as you can imagine. This area has fewer homes per square mile as the properties are typically at least 1, usually 2 acres and sometimes even larger. These homes range from the low multi-millions in the high $1,000,000’s, all the way up to the $15,000,000 to $16,000,000 range. This is truly the high-end of the Denver Metro area.

It’s very easy access to the freeways and to downtown Denver.  You have all the privacy and luxury that you would expect in this kind of price range.  There’s gated communities. Lots of activities within the community and
just a terrific place to live and raise a family.  This is home to a lot of the sports stars, the athletes and, of course, the successful business people.

So, if this is an area that you’re interested in, I’d love an opportunity to show you more about it.  You can use www.EasyDenverHomeSearch.com and just outline the area I mentioned, or just put in ‘Cherry Hills Village’ under the city search feature in the search criteria. You can call me directly at 303-526-2606 or just drop me an email Sam [at] SamWilsonGroup.com

Until Next time

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Out in the Western suburbs of Denver in the city of Lakewood is a subdivision called Green Mountain. Perhaps you’ve heard of it or even driven through it. This is a great area that’s bordered on the north by Alameda on the south by about Jewell. It goes west to about 470 and east to Kipling.

It’s a very big area with a wide range of homes and a wide range of prices. The average price is $342,000 over the past 15 months. The foreclosure rate over here is very low, at about, only 3% to 4% of total homes sold, depending on the area. There are some parts of Green Mountain that have higher foreclosure rates and then there’s some that haven’t had a foreclosure at all. It just depends on the area and the price range within Green Mountain.

Also, prices have only declined between 9% and 10% on average in this area. That’s much better than the rest of the market. This is a stable area. It’s a great family-type community and there’s good schools and lots of activities. Plus, you’re just a hop, skip and a jump from the 3 major freeways to get you up to the mountains for playtime.

If Green Mountain is one of the areas that you’re interested in whether you’re looking for a brand new home just being constructed in Soltera or something older with fix-up opportunity, then I can certainly help you with anything in this area. You should use www.EasyDenverHomeSearch.com to start searching for homes in the area to see if there’s anything that meets your needs.

You can also get the free fact finder report about this neighborhood. We’d be happy to provide you with any information you need to help you make a decision or even find a home in this area. If you’d like to contact me directly you can reach me at 303-526-2606 or email me Sam [at] SamWilsonGroup.com or just hop on to www.EasyDenverHomeSearch.com today and start looking for a house in this area.

Until Next time