Fuller Sotheby’s International Realty Benefits from Relationship with Bloomberg


19Aug 2014

406HoldenDenver, CO (August 12, 2014) – Sotheby’s International Realty Affiliates LLC recently announced the launch of a content marketing relationship with Bloomberg, a global business and financial information and news leader, designed to showcase the Sotheby’s International Realty network’s listings to Bloomberg.com readers.

As part of the relationship, in 2014 the Sotheby’s International Realty brand’s content units have begun to appear in exclusive positions throughout Bloomberg.com’s property section on its Luxury Property channel. Bloomberg created the program exclusively for the Sotheby’s International Realty brand, which will showcase its network’s inventory of properties through a location comparison, new to market spotlight, search widget and lifestyle feature.

“The Sotheby’s International Realty brand’s target consumer is a direct fit with Bloomberg’s core audience, which is made up of today’s affluent leaders,” said Wendy Purvey, chief marketing officer, Sotheby’s International Realty Affiliates LLC. “Bloomberg’s global readership is made up of those consumers searching for a second or third home that will meet their lifestyle needs, and who recognize the unique value real estate plays in building wealth.”

“Bloomberg is excited to have the Sotheby’s International Realty brand as a content marketing partner,” said Hugh Wiley, head of strategic account partnerships for Bloomberg Media. “The Sotheby’s International Realty brand content aligns perfectly with the Luxury Property section of Bloomberg.com’s Luxury Channel. Providing luxury property offerings around the world will appeal to Bloomberg.com’s audience, which is both affluent and global. This exclusive partnership further extends both the Bloomberg and Sotheby’s International Realty brands into the world of luxury lifestyle.”

Fuller Sotheby’s International Realty is the leader in luxury in the Denver metro area, as well as the resort areas of Breckenridge and the Vail Valley.  “Second homeowners tend to comprise a large portion of the buyers we see in our luxury resort markets,” said Kristen Muller, director of marketing at Fuller Sotheby’ International Realty.  “Discerning mountain lovers throughout the world frequent these luxury destinations, no matter the time of year”, she added.  Earlier in the summer Vail recorded two residential sales at $14.5 and $19 million, with average price per square foot ranging from $2,000 to $2,925. Interestingly, buyer origins were up in all categories: local, Front Range, out-of-state and international.  The one thing these buyers all have in common is that they are seeking luxury.

The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 700 offices in 54 countries and territories worldwide. Fuller Sotheby’s International Realty, the third largest affiliate in the network, has multiple office locations in the Denver metro area, including Downtown, Cherry Creek, Greenwood Village, Boulder, Evergreen, Castle Pines, and the resort markets of Breckenridge and the Vail Valley. To discuss real estate opportunities call 303.893.3200. More information available at www.fullersothebysrealty.com.

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2014 Housing Market Continues to Increase Momentum


13Aug 2014

By Steve Blank

looking-upThe 2014 housing market continues to increase momentum, building off the strong performances in 2012 and 2013.  The Denver metropolitan real estate economy continues to be one of the top emerging cities in the country, consistently improving in virtually every important economic category.

Interest rates have remained low (4-4.5%), encouraging first-time buyers as well as current homeowners to seriously consider the housing opportunities available throughout Denver, and in virtually all price ranges. Mortgage and appraisal regulations have created new challenges, however we have learned how to prepare for these changes. The jumbo mortgage market (loans over $417,000) has become more flexible with underwriting standards for qualified borrowers, and the rates are highly competitive. Continue reading

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Denver is Booming, in More Ways than Ever


5Aug 2014

Denver is now a perennial favorite on Top 10 lists that rank metro areas as best for job growth, business health, high-tech concentration, happy people and more. That’s not surprising, given the fact that Denver has added 27,000 new jobs and 1,500 businesses to its economy since 2011, according to Denver Mayor Michael Hancock’s recent State of the City address.

2229 Blake #710

As for lists, Metro Denver has a new claim to fame as the “Baby Boomer Capital of the World,” with 300,000 people, aged 55-64, living here. That’s according to Boomers Leading Change in Health, the local arm of a national community-oriented movement for adults 50+.

On the opposite end of the spectrum, the National Association of Realtors® places Denver third as a “best purchase market” for millennials (born 1977-2000) who comprise a group economic force of 75 million nationwide. NAR estimates Denver has about 15 percent of U.S. millennials and continues to experience a “solid inflow” in this age group attracted by jobs and lifestyle.

The boomer empty nesters, as well as the up-and-coming 20/30 somethings, are Continue reading

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SHANNEL RYAN ELECTED TO BOARD OF DIRECTORS


4Aug 2014
Shannel Ryan, managing broker of FSIR’s Cherry Creek offices & Vice President of Marketing

Shannel Ryan, managing broker of FSIR’s Cherry Creek offices & Vice President of Marketing

Shannel Ryan, managing broker of the Cherry Creek and Clayton offices of Fuller Sotheby’s International Realty (FSIR), has been elected to the Board of Directors for the Denver Metro Association of Realtors ® (DMAR).

Ryan, who also is FSIR’s vice president of marketing, has more than 20 years of real estate experience, particularly in the Colorado residential luxury market. Her expertise includes being involved in every aspect of running a successful brokerage – from broker associate, office manager and marketing, to accounting, licensed assistant and managing/employing broker.

Under Ryan’s direction, the Clayton office was recognized as the top producing office of its size by DMAR in 2013 while the Cherry Creek office ranked 2nd in volume production to FSIR’s DTC office categorized with 31-50 brokers.

“I am very excited to take a larger role in DMAR,” Ryan said. “The strength of DMAR sends a clear message to all of our clients that specialty real estate services are a necessity in every type of market no matter how tame or turbulent.”

A Denver native, Ryan holds a degree in Political Science from the University of Colorado at Boulder.

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Happy Colorado Day!


1Aug 2014

Happy 138th birthday, Colorado!

Today is Colorado Day, celebrating the beginning of our statehood on August 1, 1876

If you’re in the market for your own piece of Colorado history, check out the Alps Inn, near Boulder.This former stage stop was built in 1870 and is now on the market the first time since 1990. Renamed The Alps Hotel and Resort in 1905, the estate sits on 21 acres and features 14,000 square feet of grand living spaces and massive stone fireplaces. The inn is only 2.5 miles from downtown Boulder and is nestled in a scenic canyon along Boulder Creek. Perfect for a business, such as a corporate retreat or spa, or even your own spacious piece of Colorado history.  For details, visit the listing at www.fullersothebysrealty.com

alps-inn

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BETTS LAKE AT COLORADO GOLF CLUB


31Jul 2014

by Mark Samuelson

IMG_8900

In a market where luxury single-level plans are a rarity, see a lakefront ranch in Colorado Golf Club from $890s

On a weekend when Colorado’s Front Range is suddenly the fastest selling market in the country and for-sale homes are getting to be a rarity, Colorado Golf Club has something rarer still to show you: luxury patio-ranch plans with low-maintenance lock-n-leave features, in a setting prized for its world-class golf and its views.

“Home inventory, particularly for ranch plans, is so low right now that this is even more of an opportunity,” says Mimi Sturtevant, Colorado Golf Club real estate project manager for Fuller Sotheby’s International Realty, exclusive agents for Betts Lake – an enclave of luxury-walkout ranches overlooking the Club’s 9-acre Betts Lake.

Sturtevant will give you a chance to get behind the gates at Colorado Golf Club in Parker – site of last year’s Solheim Cup international tourney between top U.S. and European women golfers – to tour two Mediterranean styled ranches, each with views that could be a million miles from Denver; actually five minutes from a King Soopers, and twenty minutes from office campuses in Meridian and DTC.

That mix of solitude and surprising access is adding even more fuel to a hot market now, says Sturtevant. “We’re seeing California buyers that want more for their money – more land and seclusion, but who still want to be close to everything. That’s exactly what we offer, along with lakefront views that are increasingly priceless.”

Betts Lake’s prices start from a modest $895,000 – for luxury-sized single-level plans that show lavishly styled architecture by award-winning Karen Keating/TKP Architects, exteriors with tile roof, troweled interior walls, generous stone and timber trim, and kitchens with premium appliances, alder cabinets, and ………..

Read the entire story at the The Denver Post

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Mountain Lifestyle Open House Event


30Jul 2014

Mountain Lifestyle Open House August 2014

Click Here for Breckenridge ~ Click Here for Vail Valley


Open Houses in the Breckenridge Area

1184-beaver-creek 89-sheep-creek

1184 Beaver Creek Lane, Fairplay, Colorado 80440
Open Sunday – 10:00 AM to 2:00 PM

89 Sheep Creek Trail, Fairplay, Colorado 80440
Open Saturday – 10:00 AM to 2:00 PM


645-s-park-ave 1319-meadow-drive

645 S. Park Avenue, Unit 702, Breckenridge, Colorado 80424
Open Saturday – 10:00 AM to 2:00 PM

1319 Meadow Drive, Fairplay, Colorado 80440
Open Saturday – 10:00 AM to 2:00 PM


476-n-fuller 599-s-5th-ave

476 N. Fuller Placer Road, Breckenridge, Colorado 80424
Open Saturday – 10:00 AM to 2:00 PM<

599 S. 5th Avenue, Frisco, Colorado 80443
Open Saturday – 10:00 AM to 2:00 PM<


Open Houses in the Vail Valley Area

406-Holden76-Holden

406 Holden Road, Beaver Creek, Colorado 81620
Open Saturday & Sunday – 2:00 PM to 5:00 PM

76 Holden Road, Beaver Creek, Colorado 81620
Open Saturday – 2:00 PM to 5:00 PM


1705-Lake-Creek1730-bufhner-creek

1705 Lake Creek Road, Edwards, Colorado 81632
Open Saturday & Sunday – 10:00 AM to 1:00 PM

1730 Buffehr Creek Road, Vail, Colorado 81657
Open Saturday – 2:00 PM to 5:00 PM


770-potato 1122-red-draw

770 Potato Patch Drive #5, Vail, Colorado 81657
Open Saturday – 2:00 PM to 5:00 PM

1122 Red Draw, Edwards, Colorado 81632
Open Saturday – 2:00 PM to 5:00 PM


31-avondale 196-Russell

Oxford Court #110, Beaver Creek, Colorado 81620
Open Saturday – 2:00 PM to 5:00 PM

Aspenwood Penthouse #314, Edwards, Colorado 81632
Open Saturday & Sunday – 2:00 PM to 5:00 PM


26-avondale 142-spring-creek

26 Avondale Lane #401 Beaver Creek, Colorado 81620
Open Saturday – 2:00 PM to 5:00 PM

142 Spring Creek Lane, Edwards, Colorado 81632
Open Friday & Saturday – 3:00 PM to 6:00 PM


34999-hwy-6

26 Avondale Lane #401 Beaver Creek, Colorado 81620
Open Friday, Saturday & Sunday – 10:00 AM to 1:00 PM

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As the Real Estate World Turns


28Jul 2014

By Steve Blank – Managing Broker, FSIR Downtown
It is important, and encouraging, to review some national and local numbers that bode well for Denver’s economic recovery, particularly in the housing market. I always find it interesting to compare national economic trends with those taking place in Denver.

For example, Denver was recently ranked sixth among the Top 10 states with the most potential to thrive in the new, post-recession economy, based on 25 economic indicators analyzed by the Information Technology and Innovation Foundation. The analysis focused on globalization, technological innovation, entrepreneurial development and employment as factors that reveal probable levels of economic growth. Mortgage giant Fannie Mae qualifies and employs this information to help determine state and regional economic directions.

The Top 10 states include: Massachusetts, Delaware, California, Washington, Maryland, Colorado, Virginia, Connecticut, Utah and New Jersey.

As for other positive numbers, Denver ranked #2 for renting to millenials, (18-34 yrs of age) according to Realty Trac’s Q2 2014 residential report which analyzed data from 370 counties across the country. This is a primary reason why all those rentals are being built across the city, reflecting Denver’s 5.6 percent to 5.8 percent unemployment rates (nationally hovering around 6.3 percent)

New higher-end apartments are seeing leases for $2.50/ft in areas like Cherry Creek and downtown, still carrying a vacancy rate of only 4.4 percent, according to Q2 2014 numbers. It is worth noting that Denver ended the year at a 4.2 percent vacancy rate, which is a signal that supply is catching up with demand.

Denver housing prices are up nearly 10 percent from a year ago, as noted in the recent Case-Stiller report. Perhaps even more compelling is a Zillow report showing local home resale prices are 50.59 percent higher than in January of 2000. June was also the 30th month in a row with year-over-year gains in Denver values.

For the most up-to-date monthly market snapshot of your area visit coloradomarketupdate.com

Metro Denver’s luxury market has posted sharp gains, while listing inventory has gradually increased. There were 127 luxury homes (over $1 million) sold in May, which is 24.5 percent over the 102 sold in May of 2013. The May report (from MLS statistics) showed that the average luxury home sold in 85 days, which is down from 142 days just a year ago. Even mortgage lenders are gladly reaching out to higher-end borrowers (loans over $417,000 in Denver and over $625,000 in cities like San Francisco) with very competitive rates and more flexible underwriting. For instance, Bank of America reported that 38 percent of its loans were in this jumbo market, this first quarter, compared to 23 percent in Q1 2013.

The new home construction market is also moving full steam ahead, offsetting some of the low housing inventory available. Builders Magazine reports that the nation’s 200 largest builders accounted for 53 percent of all homes built in the U.S. during 2013. Just 20 years ago, small volume builders delivered about 70 percent of all houses being built.

In Denver, small builders are tearing down older buildings and homes and constructing larger, more luxurious homes in areas like Washington Park, Cherry Creek and Hilltop. Depending on the land’s specific zoning, small developers are also building apartments, condos, and creating mixed use projects that combine residential with retail and light commercial use.

Overall, Denver is exhibiting positive, diverse activity in the real estate market. Both the city and the state are showing up in national rankings and comparing very favorably to other places in the country.

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