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Kincaid Realty Group
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Like spring runoff surging from the mountains, new listings poured onto metro Denver's parched market last month, causing home sales to blossom like daffodils and tulips. The number of new listings for single-family homes in metro Denver shot up 53.5 percent in March from February and the number of new listings for condos rose 38.2 percent month over month, according to a monthly update from the Denver Metro Association of Realtors. "Historically, there is always that bump from February to March," said Steve Danyilw, a real estate agent who oversees the DMAR Market Trends Committee. "We were anticipating a jump, but it was a little surprising." The surge came after the number of homes available for sale reached a 32-year low at the end of February. The lack of selection frustrated buyers, pushed down sales and raised worries among agents that the supply spigot had rusted shut. Normally, a 50 percent-plus surge in listings in one month would raise flood warnings. But buyers soaked up many of the new listings, especially on the lower end of the market, as soon as they arrived. The number of single-family home sales shot up 39.9 percent month-over-month, while the number of condo sales rose 27.3 percent. The number of average days that listings spent on the market fell from 43 in February to 39 in March, easing concerns about an oversupplied market. But that doesn't tell the full story. Half of new listings in March were under contract within eight days, Danyliw said. The inventory of homes available for sale, both single-family and condos, rose 26.9 percent in March from February. The average increase in inventory between those two months over the past three decades has run closer to 4.6 percent, and last month's gain was the largest spring jump on record, Danyliw said. Some of that reflects timing. Typically, a listing hits the market on a Friday, is shown over the weekend, and offers are reviewed in the days that follow. March 31 fell on a Friday, which boosted the inventory of active listings, which are measured on the last day of the month. It's almost certain some of the homes listed on March 31 are under contract. Also, the 4,921 listings on the market at the end of March is less than a third of the 15,040 listings averaged in March over the past 30 years, Danyilw said. And it remains below the 7,000 or so that would help put more potential sellers at ease about finding a replacement home. The additional supply didn't suppress prices. The average price of a single-family home sold in March rose 4.9 percent month-over-month and 8.4 percent year-over-year to $468,889. The price of a median home sale was $406,000, up 2.8 percent from February and 7.9 percent from a year earlier. The average price of a condo that sold in March reached $317,402, up 7.3 percent from February and 10.7 percent from March 2016. The median cost of a condo sold in March was $260,000, up 3 percent from February and 10.7 percent from a year earlier. Source: The Denver Post CLICK for full article http://dlvr.it/Nw04Yg

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This stunning rooftop penthouse is truly the crown jewel of Steam Plant... the largest out of only two penthouse units and the only one with southwest exposure amounting to absolutely breath-taking city and mountain views! Great room is an entertainer's dream with over 1,000 square feet of open living space, living even larger with soaring ceilings, huge picture windows, and dual access to enormous wrap-around deck. Gourmet kitchen boasts high-end stainless steel appliances and expansive soapstone countertops, including center island open to living and dining areas surrounded by walls of windows with spectacular day and night time views. Perfect setting and floorplan for high-profile entertaining! Fantastic custom finishes throughout! Adjustable track lighting and exposed brick, beams, and vent ducts to enhance the loft's distinct industrial flair, natural light galore through huge story-tall windows, walk in closets with pocket doors and built-in organization systems, butler's bar in addition to other custom built-ins and art niches, private entry from elevator into secluded foyer, full-length wrap-around deck with extraordinary eye-catching  original steam boilers... the list goes on and on, you have to see to believe! Call today for for more info or to schedule a private showing! http://dlvr.it/Mrb6YC

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CLICK to view Lowry's Summer Bucket List! http://dlvr.it/Lg90Bs

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Sensational home across from the park with exquisite finishes at every turn! Dramatic details such as soaring ceilings and big bright windows make an impressive entrance into this home and highlight a phenomenal, open floorplan! Main level features a private study with French door access, formal dining, and huge gourmet kitchen with high-end stainless steel appliances to perfectly complement beautiful maple cabinetry and granite countertops.  Kitchen opens to ample eating space and light and bright family room with cozy gas fireplace in superb family-friendly layout. Spectacular!  Immaculately maintained with upgrades galore!  Tasteful custom paint, striking modern lighting, concrete tile roof, oversized 2 car garage with built-in closet and cabinet storage, fully finished basement with wet bar/mini kitchen, steam shower with dual shower heads and seating, rec room wired for home theater... the list goes on! Luxury living in Lowry at its finest with beautiful master suite featuring lavish five piece bath and enormous walk in closet! Upper level additionally boasts 3 generous bedrooms sharing a quality full bath.  Superb!   Perfectly finished basement features rec room with built-in media center and full wet bar/mini kitchen, fantastic office area with tons of built-ins, additional 3/4 bath with steam shower, home gym that could easily convert to a fifth bedroom, and all new carpet throughout! Idyllic back yard with lush green grass and expansive concrete deck for outdoor entertaining, plus impressive curb appeal with gorgeous inviting covered front porch. Perfect location across from charming pocket park in quiet interior Lowry location, close to shopping, dining and great schools, plus perfect proximity to Cherry Creek and downtown!  Remarkable home with no detail overlooked! Listed at $689,900, CLICK to view virtaul tour!   http://dlvr.it/LHvZcy

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Tremendous home with incredible floorplan featuring highly desired main floor master and additional main floor bedroom or study! Tons of quality finishes including soaring 10 foot ceilings, stunning hardwood floors, cherry cabinets and plantation shutters throughout, plus art niches and arched entryways to add architectural interest and large granite kitchen with all appliances included!   Spacious upper level with two generous bedrooms conveniently adjacent to a quality full bath. Huge basement with 9 foot ceilings and rough-in plumbing can be used as a blank canvas for your ideas to finish for even more living space!   Idyllic east facing backyard with gas line, gardening areas and expansive flagstone patio is perfect for outdoor entertaining and enjoying serene Colorado evenings, plus lovely curb appeal with charming brick exterior and large inviting front porch. Terrific location on quiet tree-lined block, steps from West Park and the library, plus perfect opportunity to own near the highly anticipated Boulevard One development and benefit from all the new amenities without paying the Boulevard One price tag!  Experience all the charm of old Denver with all the modern conveniences in one of the best neighborhoods in the city! Listed at $539,900 CLICK to view virtual tour! http://dlvr.it/KfqTXN

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Sensational 2 story home with over $200K in upgrades in the heart of one of Denver's most desirable neighborhoods! Gleaming newly refinished hardwood floors and natural light galore highlight a flowing open floorplan featuring impressive tiled entry, grand formal dining with fresh paint and crown molding, and all new gourmet kitchen with huge center island open to large cozy family room with new fireplace and superb custom built-ins in a fantastic family-friendly layout! Incredible main floor study with French doors and built-ins is a peaceful place to work, plus light-filled eating space with backyard access is perfect for entertaining! 3 generous rooms on the upper level including beautiful master with retreat and private balcony for enjoying serene Colorado evenings, plus a lavish remodeled master bath with steam shower!  Convenient upper level laundry saves your arms from hauling baskets of clothes up and down the stairs and features all new flooring and cabinets. Superb! Perfectly finished basement with large rec room featuring a full wet bar, surround sound and fresh paint, plus all new custom built-ins and entertainment center is an entertainer's dream! 2 additional rooms and a new 3/4 bath is perfect for entertaining overnight guests.  Outdoor spaces are a tranquil and park-like oasis boasting over $75K in professional landscaping, such as a shady and cool east facing backyard with new deck, streetscape and fire-pit, plus professionally designed landscaping and irrigation system in front and back yards, and tremendous curb appeal with gorgeous rock and stucco exterior and new professionally designed front landscape wall. Unique architectural interest throughout with arched windows and entryways, exposed brick, lovely wall sconces and support beams, plus tremendous upgrades such as a brand new gourmet kitchen with all top-of-the-line appliances included, new bathrooms including new upper level guest bath, new landscaping, new crown molding, paint and custom built-ins...  the list goes on with every detail combining to accentuate true pride of ownership and no detail overlooked!  Plus, you can't beat the location in highly acclaimed Cory-Merrill school district!  Nothing to do in this one-of-a-kind beauty but move in and enjoy! Listed at $1,199,900, CLICK to view virtual tour!   http://dlvr.it/KcYssm
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