Greenwood Village, CO

I recently wrote about the upcoming licensing problems many Colorado Mortgage Brokers would face. This article brought about a lively discussion about whether this was positive or not. I stand by my opinion this is a good thing, despite many great counter points brought up (You can read the story and comments here.)

It’s a moot point now. It’s done, and there will be significantly less competition for competent (and rules following) mortgage brokers in Colorado. If you are a consumer either looking to start the process, or currently waist deep in it, I would suggest you check and see if your mortgage broker is still licensed!

The following is from the Colorado’s Division of Real Estate.

****NEWS ALERT****

The Colorado General Assembly passed House Bill 1085 in 2009. This bill became effective August 5th, 2009. House Bill 1085 defines circumstances in which the Director may inactivate a mortgage loan originator license if they have failed to comply with the education and testing requirements.

· As a result, the Director inactivated 4,560 licenses on August 31, 2009.

· Individuals whose licenses have been affected will receive an inactivation notice e-mail. THIS IS NOT THE INACTIVATION NOTICE E-MAIL.

· Individuals whose licenses are inactive are prohibited from practicing as a mortgage loan originator or in any other capacity which requires a license.

· Individuals who continue to practice with an inactive license are subject to all forms of discipline prescribed in the Mortgage Loan Originator Licensing Act, including permanent revocation and fines.

· Direct managers of individuals with inactive licenses are also subject to disciplinary action if they allow such individuals to continue to practice.

· In order to reactivate a license, the individual must be compliant with all licensing provisions and are required to pay an administrative fee of $500.00, in the form of a money order or cashiers check pursuant to Director Rule 1-4-1, entitled Mortgage Loan Originator Licensing Education.

· Individuals seeking reactivation shall complete the Mortgage Loan Originator Reactivation Form and provide proof of compliance, including but not limited to the surety bond, errors and omissions insurance, and completion of the education and testing requirements.

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The Preserve Greenwood Village Home Sales Aug 09

The Preserve Greenwood Village Home Sales were moving along in Aug 09. Two homes sold in August, both for just over one million dollars. The slower winter months are almost here - well typically they are slower and no drastic changes are expected for this winter season. Only one house is currently pending sale in The Preserve.

Days on Market = total days on market.

The Preserve Home Sales comparison 2008 vs. 2009
From Jan 1st to July 31st (year-to-date)

As of Sept. 16th, 2009 there are 28 homes for sale in The Preserve in Greenwood Village CO, which includes one bank owned home.

Homes for sale in The Preserve in Greenwood Village

Some of the numbers used in this market watch are for only one month of activity. Therefore they can sometimes look extreme due to the small sample size.

If you have any questions or would like a custom Market Report for a specific area feel free to contact us at Kenna Real Estate

The Preserve Greenwood Village Real Estate Market Report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.

Disclaimer
Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Sept 16th 2009. "The Preserve Greenwood Real Estate Aug 09"

Greenwood Village CO Home Sales in Aug 09 dropped significantly - almost 50% from July and about 35% from Aug 2008. The percent of original list price received at sale has been slowly declining and averaging in Aug. at 83.1%. More homes under one million dollars are selling compared to last year when average sold price was over one million. Only six homes sold this year have been bank owned homes (foreclosures). Greenwood Village homes sales are currently at the same level there were in 2008 (number of homes sold).

Days on Market = total days on market.

Greenwood Village Home Sales comparison 2009 vs. 2008
From Jan 1st to July 31st (year-to-date)

As of 6:36am on September 16th, 2009, there are 154 active Residential listings on the market in Greenwood Village. The current range of prices in Greenwood Village is $165,000 to $8,900,000. The median price is $1,119,500 and average price is $1,503,671. The average price per square foot is $291. There is 1 new listings today.

As of 6:36am on September 16th, 2009, there are 58 active Condo listings on the market in Greenwood Village. The current range of prices in Greenwood Village is $105,000 to $2,296,000. The median price is $439,000 and average price is $589,453. The average price per square foot is $335. There is 1 new listings today.

Today's NEW LISTINGS in Greenwood Village

Homes for sale in Greenwood Village

Closed Sales in Greenwood Village CO 2006 to Aug 2009


Percent of Original List Price received at Sale in Greenwood Village 2006 to 2009


Average Days on Market Greenwood Village CO


Feb 06 to July 09 Average Price per Square Foot Greenwood Village


If you have any questions or would like a custom Market Report for a specific area feel free to contact us at Kenna Real Estate

This Greenwood Village Real Estate Market Report is brought to you by Rita Burke, Kenna Real Estate. The report is for detached residential single family homes only and may not include all sales activity in the area. Figures for sold prices used are NET sold price, price after seller concessions or down payment assistance, if they were any. This report or any part of it may not be used without permission.

Disclaimer

Copyright 2009.© Kenna Real Estate. Rita Burke. All Rights Reserved. Sept. 16th 2009. "Greenwood Village CO Home Sales Aug 09"

Greenwood Village Real Estate Trivia
Real Estate Trivia for Residential Homes in Greenwood Village CO Jan 1st to Aug 31st 2009.

Greenwood Village Real Estate and Home sales are actually doing well compared to many other areas around Denver. Here are some stats for 2009 so far.

Did you know ~

• 71 homes have sold in Greenwood Village in 2009 (Jan 1st to Jul 31st)
• The highest sold price was $3,900,000
  
• 5 of the 71 houses were sold by a bank (foreclosed property)
• The lowest price per square foot was $112/sf(bank owned property)
  
• The highest price per square foot was $604/sf
• The longest days on market was 1094 days! That's since May 2003.
  
• The lowest percent received of original listing price was 46.2% and highest 105.1%
• 153 Homes are currently on the market in Greenwood Village

Search Homes for sale in Greenwood Village

*Disclaimer: Data based on information from Metrolist, Inc. for period of 1/1/2009 through 8/31/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. 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.

Disclaimer: Kenna Real Estate Blog 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. Sep 6th 2009. "Greenwood Village Real Estate Trivia".

Greenwood Village Homes for Sale

As of Sept. 1st, 2009 there are 134 Residential Detached Homes for sale in Greenwood Village, Colorado. The prices range is from $295,000 to $8,900,000. 18 houses are under contract pending sale. 29 houses have been on the market for more than 360 days. 52 houses have been on the market for more than 200 days. 58% of the homes for sale are listed for one million dollars or above.

Homes for sale in Greenwood Village (includes detached and attached homes)

Today's New Listings in Greenwood Village



If you would like more information or would like to go view any of the available homes you can contact us via e-mail or call Brian Direct 303.710.2609

*Disclaimer: Data based on information from Metrolist, Inc. for period of 5/1/2009 through 8/1/2009. Metrolist Inc. does not guarantee nor is any way responsible for its accuracy. Content maintained by Metrolist Inc. may not reflect all real estate activity in the market. 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.

Disclaimer: Kenna Real Estate Blog 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. Sep 1st 2009. "Homes for sale in Greenwood Village CO - End of August stats"