Lisa Reyna - Mile High Luxury Real Estate

Lisa Reyna - Mile High Luxury Real Estate Working diligently to aid buyers, sellers, and tenants in the Denver area with their residential and commercial Real Estate needs.

✨JUST LISTED✨10166 Yampa Court | Reunion | 2 Beds | 3 Baths | 2,299 Sq Ft | $510,000Open House 🎈Saturday 11:00 am - 1:00...
12/12/2023

✨JUST LISTED✨

10166 Yampa Court | Reunion | 2 Beds | 3 Baths | 2,299 Sq Ft | $510,000

Open House 🎈
Saturday 11:00 am - 1:00 pm

Move-in ready 2019 low maintenance single family home in the Reunion neighborhood. Enjoy 9 ft ceilings, quartz countertops throughout kitchen and bathrooms, AstroTurf yard, and a large unfinished basement with egress windows! Two bedrooms one which is is a primary en-suite, three bathrooms, upstairs loft space, and two car garage. Enjoy close proximity to the Denver airport (10 minutes), easy access to both downtown Boulder and Denver (30 minutes). HOA includes access to pools, rec center, coffee house, and multiple community lawns and open spaces. Brand new elementary school just blocks away!

Listed by: Lisa Reyna - Mile High Luxury Real Estate

💫December market stats are in for the Denver Metro area. This season brings holiday deals for buyers with the average ho...
12/07/2023

💫December market stats are in for the Denver Metro area.

This season brings holiday deals for buyers with the average home price down 2.7% (!) month over month — making 2023 a year of less than 1% appreciation.

Buyers have a significant advantage this time of year as sellers with homes on the market are especially motivated.

On average, homes are selling 1.5% under list price, but this does not include seller concessions which over 60% of buyers are currently receiving to buy down their rate or cover closing costs.

With a year of high interest rates (peaking at 8% in October), 2023 breaks record as one of the lowest transaction volume years in recent history, down 20% - 30% from the last four years.

Rates are projected to drop next year falling anywhere from 1-2%+ by the end of 2024. Each rate point drop makes about a $300 a month difference on a $500k loan amount.

Buyers looking to buy in 2024? Now is the time to get started. The spring season picks up around early February.

💫Just listed! 21st floor downtown Denver turnkey condo has incredible investment potential with a rare ability to Airbnb...
11/07/2023

💫Just listed! 21st floor downtown Denver turnkey condo has incredible investment potential with a rare ability to Airbnb (rates of $700+ a night!) With over $100,000 in upgrades this unit is one of the most desirable units in the building with unobstructed city and mountain views while also being a hard to come across 3 bedroom condo (ability to accommodate 6+ guests). Building amenities include: 24 hour concierge, outdoor running track, tennis & basketball ball courts, as well as community deck, fitness center, and sauna. Walk score or 96! Enjoy easy access to Coors Field, Union Station, and Denver Center of Performing Arts.

This unit lives like a HOME (just under 2,000 sq ft) while also making for an incredible investment opportunity. This home is priced competitively!

1777 Larimer Street #2108
Denver CO, 80202
$875,000
3 bed | 2 bath
2 parking spaces
1,909 sq ft

Please reach out directly for any more information on this unit or the Windsor building.

✨August Market Stats✨ | slowing market | 📉Looking back at July sales data, the combination of summer travel, affordabili...
08/05/2023

✨August Market Stats✨
| slowing market |

📉Looking back at July sales data, the combination of summer travel, affordability with 7% interest rates, and the grid lock effect of sellers not wanting to sell in a market where 90% of homeowners have a interest rate below 6%😳(!!) — market activity has slowed in terms of 1. speed (longer days on market) 2. volume (fewer buyers buying & fewer sellers listing their homes) 3. price (down slightly month over month)

What does this mean for potential buyer and sellers?

🏡Buyers: in several price sectors the market power has shifted in buyer favor 👀Despite higher rates, ‘on the fence’ buyers have a *rare* leg up to negotiate price down, get seller rate buy downs (hugely helpful!), and negotiate on inspections. The most competitive/ toughest price point for buyers right now is between $500,000 and $750,000 due to tight inventory and higher buyer demand

*$680,0000 in 2023 was the $500,000 back in 2020 (34% appreciation since Covid times 🦠💰)

🚛Sellers: as stated before, sellers do not want to seller due almost ALL homeowners having a rate below 6% (no one wants to lose their low rate to buy a home with a higher rate…and until rates drop, ‘maybe’ sellers will continue being resistant to sell their home 🚫)

📈Inventory now is limited to homes being sold predominantly by sellers who are highly motivated by life events (baby, divorce, death) or those moving out of state.

🏦IF rates drops, expect a new flood of new inventory AND a flood of new buyers. 80% of ‘would be’ buyers are waiting for sub 6% rates.

✌🏼It can be almost guaranteed that a rate drop will be the END of any degree of buyer power in the market as demand will pick up drastically. Expect bidding wars and price escalations to become prevalent again.

✨Wow, what an impressive and well deserving listing highlight of the week! This five bedroom home boasts the blended bea...
06/22/2023

✨Wow, what an impressive and well deserving listing highlight of the week! This five bedroom home boasts the blended beauty of traditional charm with sleek and modern functionality. From the soapstone counters, marble fireplace surround, wainscot paneling, curated wallpaper, epicurean mudroom, and high end lighting fixtures and appliances, this home is this is flooded with design and intention throughout. While being move-in and entertainment ready (the backyard is equally amazing!) this home is located in one of Littleton’s most sought after neighborhoods, minutes form the Columbine Country Club and highly rated school district.

Priced at $1,550,000
5 bedrooms | 4 bathrooms
3,900 sq ft

Listing curtesy:

Sold! A success story of a close friend / client. Her family did right by instilling the value of real estate into both ...
05/23/2023

Sold! A success story of a close friend / client. Her family did right by instilling the value of real estate into both of their daughters who bought early and at a young age! Life changes, time changes, and there comes a time to take the equity to a new home. I feel so fortunate to be part of this family’s journey over the last two years.

We received a great over asking simple + clean offer, had the pleasure of working with a great + professional buyers agent, and closed in two quick weeks. Real estate doesn’t always go so smoothly in this way, but we’re here to recognize and celebrate it when it does.

💫Just listed! This well maintained home sits on a .4 acre lot on a private cul-de-sac in the heart of Wheatridge and bo...
04/27/2023

💫Just listed! This well maintained home sits on a .4 acre lot on a private cul-de-sac in the heart of Wheatridge and boasts original hardwood floors and is move-in ready with NEW PAINT THROUGHOUT, newer roof, newer heating and cooling system, and has an amazing location with easy access to SLC health, Crown Hill Park, and a quick ten minute drive to Sloan’s Lake and Edgewater! 4 large bedrooms, 3 bathrooms, unfinished basement.

3900 Brentwood Street, 80033
$780,000
4 bed | 3 bath
2,800 sq ft

Come join us for an open house both Saturday and Sunday from 11-1pm!

The spring market has kicked off to heated and early start! Celebrating of handful of happy + successful homeowners that...
03/07/2023

The spring market has kicked off to heated and early start! Celebrating of handful of happy + successful homeowners that found their one despite market competition and higher interest rates. There is something to be said about this.

While rates have undoubtedly put a damper on both the emotional and financial impact of purchasing a home, if one has confidence that real estate will always be a long term appreciation asset that will not only grow your financial footprint, but provide security of a place that is your OWN, where you know your 'rent' (or mortgage) will not go up, and in fact could very well go DOWN in the case of a refinance with future lower interest rates.

With this, I implore those with the goals of homeownership to understand there is really no 'timing the market' and the best time to buy is when you are willing, able, and ready! When I say 'willing' that means willing to get approved for a mortgage and when I say 'able' that is understanding that is you have a job, a credit score, and a *little* bit of down payment --- you are a candidate! No you don't need 20% (you can have as little as 3.5%), no you don't need to have been at your job for 2 years (you can get approved with an offer letter!), and no you don't a perfect credit score (you can get approved with a score in the low 6's with an FHA loan).

Denver Market Update: Buyers are BACK in the market + so is competition. 💵Price: The spring market kicked off early thi...
03/07/2023

Denver Market Update: Buyers are BACK in the market + so is competition.

💵Price:
The spring market kicked off early this a significant 5% month over month average price increase, a number we haven't seen since the height of the Covid market. That also said, it must also be kept in mind that the current average closed home price is only $10k above what is was in March of 2022 --- showing that much of last years appreciation was erased in the second half of last year.

🏡Inventory:
Down 8% from last month -- while this number is an obvious decrease, it should be noted that the sold homes number is up 22%, meaning the new homes that are coming to the market are also being taking OFF the market by eager buyers submitting offers (or multiple of them!)

📈Rates:
While not mentioned on this chart, the average 30 year conventional loan rate is sitting at 6.8%, a unwelcome rise from February when rates provided major buyer relief as they dropped down to the 6% mark. That said, loan applications have been on the rise for 12 consecutive weeks (!) showing that buyers are not waiting around any longer for rates to drop, it doesn't make sense anymore. Lower rates will come when they come and buyers that can tolerate the higher payment, are getting geared up to purchase a home.

Personal Recall + what I have seen this year:
The only buyers I have had come in under ask have been 1. cash 2. in the luxury price point offering at a very small discount. My other buyers have had to come in over asking with competitive offers and limited inspections. I have also lost multiple offers being beat out by others offers $50 to yes, $100k over asking. While this is not to say there aren't deals to still be had, buyers should be ready to come in strong for houses in desirable areas that are well priced.

📲If you are thinking about buying or selling a home, please reach out if you would like to discuss strategy, learn more about the process, financing, or are ready to hit the ground running.

Address

1001 Bannock Street, Suite 404
Denver, CO
80206

Telephone

+19705817034

Website

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