Comments on: Million-dollar home showings rise

By: Denver Luxury Homes See an Increase in Buyer Activity | Cherry Creek Today

Denver Luxury Homes See an Increase in Buyer Activity | Cherry Creek Today — Wed, 04 Aug 2010 03:28:12 +0000

[...] “While our overall showing for all price points were down 10.1 percent in June, compared with June 2009, our million dollar-plus showings were up 8.2 percent,” said Niederman in a recent Inside Real Estate News article. [...]

By: Jason

Jason — Thu, 29 Jul 2010 00:36:35 +0000

Steve, why are you so fixated on replacement costs? Home today prices have very little to with the price of construction in 2006. Home prices are based off of simple supply and demand. When the current supply of homes surpasses the amount of willing and ABLE buyers prices fall. The reason home prices are falling is too many people are unemployed, underwater in their current home or credit is ruined for the next few year because of foreclosure/short sales. Colorado has had 30k+ foreclosures per year for the last 3 years in a row. In 2009 there were only 40k total sales in the MLS. Do the math! You can put a positive spin on real estate as much as you want, but until you have more willing and qualified buyers than sellers prices will not rise.

By: Steve Holben

Steve Holben — Wed, 28 Jul 2010 18:25:56 +0000

This is the 6 one of these cycles I’ve been through. This one has lasted the longest, and I think it’s due to the exponentially expanding universe of “experts” who the internet and equally expanded media outlets have enabled who have simply overloaded people with a lot of just plain bullshit. Bottom line for buyers…when you can buy a home you like for less than it’s replacemnt cost, that’s a good deal. Go function.

By: Heavens

Heavens — Wed, 28 Jul 2010 01:27:19 +0000

“It is really the buyers, not the sellers, who set the market.”
Mr. Niederman, Thanks for informing all of the mid-brain buyers who may have thought otherwise.

By: Arch

Arch — Wed, 28 Jul 2010 01:04:15 +0000

“Those buyers who have viewed the statistics and are using their purchasing power to better benefit their longer term housing goals will maintain stronger financial health every time.”

Jacquie, Tell that to all those “mid-brain” people that lost their financial footing when their jobs evaporated and they lost their homes to foreclosure. They took advantage of opportunity; now they are being degraded for reaching for the “brass ring”.

Ignorant, self-serving remarks will do little to improve your market position.

By: George Harvey

George Harvey — Wed, 28 Jul 2010 00:46:33 +0000

Peter, you hit the nail on the head. Good review of the luxury market in Denver. In the resort markets, like Telluride, where I have been a broker for 26 years, our market is up 50% in number of sales and 90% in dollar amount over the first six months of 2009. It has not only been more sellers pricing to the ‘current’ market, but buyers wanting to make ‘great historical buys’. Everyone knows that all markets cycle but no one knows when each cycle peaks. What has not changed is the beauty of the Colorado Rocky Mountains, the great life style we enjoy and the desire to have the ‘best of the best’ in real estate. Buyers taking advantage of these great opportunities in Denver and through out the resort real estate markets in Colorado, will have a life time of pleasure enjoying all that these luxury properties have to offer.

By: jacquie Taylor-Taylor Associates

jacquie Taylor-Taylor Associates — Tue, 27 Jul 2010 22:59:43 +0000

The real estate market has probably hit near bottom and buyer confidence is returning.

Those buyers who have viewed the statistics and are using their purchasing power to better benefit their longer term housing goals will maintain stronger financial health every time.

However, some buyers will continue to use their the “mid brain” approach of buying the best possible home that they can afford to fulfil their need to feel secure.

By: Dave Barnes

Dave Barnes — Tue, 27 Jul 2010 21:17:12 +0000

I did not vote because I would not spend $1M on a house (house, not home) period.

We want to downsize and in order to do that we have to sell our current house first. But, we cannot get what we want, so we will wait.

We will not do what our neighbor did and that is to buy a new house before selling her old one. Now, she and her husband-to-be own 3 houses because he did the same thing. Ouch.

Sell first (on my terms or not at all). Rent. Then, buy (or build in our case).