About Littleton's Ken Caryl

I want to take a minute and highlight an agent that just joined our team and specializes in Ken Caryl Homes.

Diane Nazminia has been in the real estate business for over 20 years and we're thrilled that she has decided to add her expertise to our growing team. Diane lives and works in the Ken Caryl area and has a knowledge and expertise of the area that is second to none!

You can keep up with Diane at her Ken Caryl Ranch Homes Blog on Trulia where she keeps up with all of the activities, highlights and housing stats for Ken Caryl Homes. Or, if you prefer, give her a call at 720-299-3778. She'd love to hear from you!

For those of you unfamiliar with the Ken Caryl area, this is highly sought after are located at the base of the foothills in south west Littleton. Just east of C-470, this prestigious neighborhood offers amazing views, easy access to Denver and the Tech center, and the perks of having the Rocky Mountains just outside your door!

I'd like to take a minute to introduce Diane Nazminia to our team. Diane has been selling real estate in the Denver area for over 30 years and brings a wealth of experience with her. Diane specializes in Ken Caryl Littleton homes and has extensive knowledge of the area.

You can reach Diane at 720-299-3778 or check out her website.

We have several clients looking in Ken Caryl Littleton right now. We recently pulled up the market stats and wanted to share them with you here:

Ken Caryl Littleton Homes Stats

Sold

Count 56 Avg Total DOM 133 Median Total DOM 104 YOC Oldest 1977 Median 1984 Newest 2005
	Original	List	Sold	Net Sold
Average Price	$481,309	$450,876	$429,727	$428,069
Median Price	$437,500	$422,000	$411,250	$411,250
Avg Price/SqFt	$184	$173	$165	$165
Avg Price/Fin SqFt	$141	$133	$126	$126
Avg Price/Acre	$2,053,974	$1,952,120	$1,872,178	$1,862,152
Avg Price/Avg List			95.31 %	94.94 %
Avg Price/Avg Orig			89.28 %	88.94 %
Median Price/Avg List			97.45 %	97.45 %
Median Price/Avg Orig			94.00 %	94.00 %
Lowest Price	$174,900	$159,900	$145,000	$145,000
Highest Price	$1,400,000	$1,350,000	$1,260,000	$1,260,000
High/Low Range	$1,225,100	$1,190,100	$1,115,000	$1,115,000
Mode Price		$370,000	$370,000	$505,000
Volume Price	$26,953,280	$25,249,068	$24,064,721	$23,971,859

"Based on information from Metrolist®, Inc. for the period August 2010 through February 2011

Note:

This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

You can see all Littleton homes for sale and Littleton foreclosures on our website.

Friday, November 12th from 4 to 8 and Saturday, November 13th from 10am to 8pm, we're showing our support for the community with an appreciation event Remax Professionals Ken Caryl style! Come and enjoy some food, networking, adult beverages in the crisp Autumn air of Southwest Littleton Colorado! A few of our premier agents will be around to answer questions about the community, our schools and businesses, and just how the Rocking the Real Estate is for us! So join us and don't be shy...local businesses like the Texas Roadhouse, Village Inn, Chipolte and others will be here with their mascots and give aways! Don't miss out on the fun and free food and drinks. If you're looking to buy a home, sale your house, or invest in real estate, this is the event you've been craving. We'll be here to answer questions and show our community just how much we love being a part of it all!

Well...here it comes. Winter is seeping through the doorway of Autumn in Colorado.

For the past few weeks or more we've enjoyed the autumn leaves vibrantly filling our yards, our trees, our streets but today...this November the 11th, Winter came knocking.

While the morning was bright and dry, grass that snapped and cracked in dusty Earth begging for rain, around 9:30ish, dark blue and billowy clouds formed over the foothills; smothering the once clear skyline West of Denver. Mountains, now snow capped in many areas became disillusioned by what appeared from the Mile High City as fog (actually falling snow) then deep blues, and purples...then... it came.

Rain pounded our pavement today but only after we were dusted with pea-sized hail from above. The clammer upon tin roofs surround our office was noisy at times. As it subsided, rain and snow turned into snow and wet the dry ground.

It's nightfall now, peaceful and moist. The snow is gone and melted in the reflections of city lights and cars. Truly Winter is at our doorsteps now; after making its decent down the foothills of Denver. I must say...I love this time of year.

Investing in Real Estate 9 - Scrapes, Pops and New Construction

This blog will discuss a type of real estate investment, scrapes, pops and new construction, in the Ken Caryl area in Denver.

What this investment is: Purchasing a small home in an expensive neighborhood that may or may not need work. The home is bulldozed and a new home or duplex is put on the lot. Alternatively, the existing home is renovated and more square footage is added on. A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite).

Equity needed: Being able to document your income and your assets will be critical. For a commercial loan, your net worth should generally be at least as much as the loan you are seeking. The good news is that the commercial loan usually does not show up on your credit report, so it doesn't count towards the "four investment home limitation" from Fannie / Freddie.

Importance of credit: Essential. A 720 FICO is a must. A 740 would be better.

Importance of experience with contractors: Critical. If you have never done it before, start with an easier "paint and carpet" project to build your skills. The more sophisticated the project, the better your contractor management skills must be to make money. Not surprisingly, the simpler projects have lower profit margins than the complicated projects. Make sure you can take the time to really focus on the project. We run classes on how to do this from time to time. Go to http://www.yourcastle.org/events.cfm to see when the next session is.

Important of experience with property managers: Generally not important for this type of investment.