About Denver's Hilltop

Featured Neighborhood: Hilltop Home & Real Estate For Sale

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When you are ready to look at homes (or have one to sell) in Hilltop of Denver CO give me a call. I would love the opportunity to earn your business! Mark at 303.204.8949.

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Copyright 2011 All Rights Reserved, "Denver CO Home Update - Featured Neighborhood: Hilltop Home & Real Estate For Sale"
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Hilltop Denver Real Estate Market Report

Hilltop is a beautiful neighborhood located in Denver, Colorado just east of Cherry Creek. Hilltop features large lots and abundant trees. The architectural styles include Colonials, Tudors, and New Luxury Custom Homes. Hilltop is a very easy commute from downtown Denver. Shopping, restaurants, and nightlife are very close by. There are three Hilltop neighborhood parks for recreation. The Cherry Creek bike path is nearby for biking and running.

If you're looking for a beautiful older neighborhood that is convenient to downtown Denver, Hilltop is the neighborhood for you!

Hilltop Denver real estate sales are relatively strong. If a Hilltop Denver home for sale is priced competitively, it sells quickly for close to the asking price. Now is a great time to purchase a home for sale in Hilltop Denver. If you are under contract before April 1, 2010, you may qualify for the homebuyer tax credit.

Hilltop Denver Real Estate Sales In The Past 30 Days
Total Hilltop Denver homes sold: 13
Average total days on market: 208
Average sold price per square foot: $307
Average sold price: $851,979

Representative Hilltop Denver Real Estate Sales In The Past 30 Days
425 Grape St Sold for $385,800
29 N Dexter St Sold for $790,000
395 Bellaire St Sold for $925,000
211 S Cherry St Sold for $1,900,000

Hilltop Denver Real Estate For Sale as of February 25, 2010
Total Hilltop Denver homes for sale: 64
Average total days on market: 256
Average list price per square foot: $334
Median list price: $892,000

Representative Hilltop Denver Real Estate For Sale
Lowest Price: 390 S Hudson St Unit #2 listed for $429,000
Median Price: 537 Clermont St listed for $895,000
Median Price: 5705 E 3Rd Ave listed for $899,000
Highest Price: 159 S Dexter St listed for $2,995,000

Hilltop Denver Neighborhood Information
Hilltop Denver Real Estate For Sale
Hilltop Denver Real Estate Map Search

Hilltop Denver Real Estate report provided by your Hilltop Denver REALTOR, J. David Lampe

These are my first attempts at posting neighborhood market reports in the Denver, CO market.  I want to penetrate my the luxury home marketplace.  This is certainly a challenging market in normal times, and in this times its like I'm the Don Quixote of agents.

A seperate blog is in order to determine my plan to crack this market segment.  One important disclosure point is I'm really only interested in being a buyers agent in this marketplace.  You might actually be better served by another agent for listing your home for sale.

What is important to focus on is

Count = Number of homes for sale

Avg Total DOM =  180 or less indicates sellers market.  Higher favors the buyers

Avg list price = what the average list price is

Median = Where half the homes are more expensive and half the homes are less expensive

Volume list price = If you wanted to buy every home in that neighborhood how much it would cost.  I find this figure very amusing.

Hilltop Denver Homes For Sale

Homes for sale in Hilltop neighborhood in Denver. As of Oct 18th, 2009 there are 80 residential homes for sale in Hilltop neighborhood in Denver. The prices range from $375,000 to $2,999,500. 34 houses are listed for a price of one million dollars or more.The price per square foot ranges from $175 to $525/square foot.

Homes for sale in Hilltop


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Note. When searching for homes for sale in any Denver neighborhoods you will see many homes that are not only listed in one particular neighborhood. E.g. homes in Wash Park or Cheeseman Park may also be listed in Denver Country Club sub-area. Hence the searches pull up many more homes than are "officially" within that particular neighborhood.

*Disclaimer: Data based on information from Metrolist, Inc. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Information is deemed reliable but not guaranteed. Reported sales were not necessarily listed or sold by Kenna real estate and are intended only to show trends in the area. Kenna Real Estate does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. "Hilltop Denver Homes for Sale"

Loan Considerations for Buy and Hold Investors

As far as investment loans, little or no money down loans are impossible. However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment. Or, self-employed borrowers are using funds from business lines of credit to fund down payments or renovations (please note: there are asset seasoning guidelines for doing so and the debt incurred by accessing other credit lines must be accounted for against the borrower's debt-to-income ratio). Thus, we have clients leveraging themselves with other homes they own in order to get in with little or nothing down.

There are exceptions, but practically every lender requires Full Income Documentation on any investment purchase. Full Documentation requires the proof of income through W2s, pay stubs and/or tax returns, as well as proving liquid assets with bank statements. The max LTV is 85% on a non-owner single family property (75% for a 3 - 4 unit); however, most homes are being affected with the ‘declining market' tag. As such, the maximum loan permitted would be 80% of the purchase price. This is due to mortgage insurance companies refusing to provide MI on investment properties in declining markets. Also, if an investor does not have landlord experience in the past two years, new rules will now not allow any rental income to be included as monthly income. Hence, the buyer would need to qualify with the entire payment going against his/her debt-to-income ratio.

Another point to keep in mind is that Fannie Mae and Freddie Mac are only permitting a maximum of 4 financed properties on a borrower's credit report. Hence, if a borrower is looking to purchase or refinance a fifth home and already have four loans on their credit, they will face a tremendous challenge in securing financing. This latter rule only affects someone purchasing or refinancing an investment property/second home and NOT an owner occupied purchase.

All this being said, if an investor can put down 20% (or borrow a good chunk of that 20% from other homes they own or lines of credit), is Full Doc, with a 680+ credit score and DTI below 50%, rates are in the upper 6% range on 30yr fixed mortgages with no prepay penalties. With home prices bottoming up in most neighborhoods, coupled with a bullish rental market with increasing rents and low vacancy, investors can easily generate hundreds of dollars of cash flow per month. In fact, many investors choose 15 year fixed mortgages to pay off the loan quickly, yet still cash flow tremendously.