This article from CPR is allot of what I'm seeing, of course, remember it varies by neighborhoods, property type, house vs condo, etc...feel free to email for more specifics on what is going on in your neighborhood...properties sell due to condition, location, and pricing.
Homes sales in metro Denver rose in June amid scant inventory.
The number of closed transactions surged 57.3 percent compared to May, according to the Denver Metro Association of Realtors. That still marks a decline of nearly 7 percent compared to the same time last year. The average home price of $509,736 reflects a 3 percent increase from last month, and 2 percent relative to 2019, the report found.
Stay-at-home orders that kept potential buyers in their homes froze Colorado’s real estate market in March. Buyers are flooding the market now that in-person showings have resumed, according to Jill Schafer, chair of the association’s trends committee.
“We are seeing increased demand, few choices, record-low mortgage rates and rising prices,” Schafer said in the report.
The rules for open houses are looser but could still pose logistical challenges, according to Schafer. The state issued new guidelines that require a social distancing calculator and a ventilation system approved by the Occupational Safety and Health Administration, Schafer said.
The number of listings is plummeting, which puts pressure on buyers to act even during the economic uncertainty created by the COVID-19 pandemic and concern that businesses will have to shut back down. Active listings were down about 33 percent last month compared to the same time last year. They fell 11 percent from May, the report found. The average number of days on the market is unchanged at 24, the data show.
The luxury segment — defined as homes priced at $1 million and above — is lagging the overall market. Closed transactions in that price range fell 15 percent from the same time last year, according to the report.
Tuesday, July 28, 2020
Wealthy buyers snap up ‘safe haven’ private islands as they flee pandemic
fun article from carelyst.com
With its pristine beaches, coral reefs and 32 acres of lush tropical gardens, Fiji’s Mai Island could be the perfect place to hunker down and see out the coronavirus pandemic. And for a few million dollars it could be yours.
The island, which has previously been on the market for just over $4m, is one of a host of offshore retreats being marketed to the super-rich as ideal spots to escape the ravages of Covid-19.
The South Pacific, Caribbean and remote parts of the US and Europe are among the most popular destinations, according to real estate agents who are rushing to tap the surge in demand for private hideaways even as the world economy goes into a deep recession.
Trayor Lesnock, founder of Platinum Luxury Auctions, which is conducting the online sale of Mai Island on Saturday, said the pandemic had led people to reassess their lives and pursue the things they had fantasised about but always held off from doing.
“Owning an island has long been considered cool and desirable but it’s often been a whimsical dream,” he said. “But with Covid-19 it’s starting to look a lot more practical, as people rush to find private spaces for themselves and keep a distance from others.”
It is not just tropical paradises with fabulous weather that are tempting the wealthy. A mystery buyer last week snapped up Horse Island, a 157-acre private hideaway off the south-west coast of Ireland that had a €5.5m asking price. As well as an extensive main residence, Horse Island has six guest houses, a tennis court, helicopter pad and enough space for anyone who wishes to socially distance during a pandemic.
“There’s obviously a thought process in people’s minds — particularly those that can afford these multimillion-euro properties — that they can just get away and self-isolate,” said Callum Bain, a surveyor at Colliers International, the real estate agent that helped sell the island.
He said he did not know the buyer’s motivation but pointed out that Horse Island was previously an agricultural holding — meaning the new owner would be able to grow enough food to be self-sufficient if they wanted to. Its location close to an airport in nearby Cork city was also an attraction for anyone with access to a private jet, he added.
You don’t need to be a billionaire to buy an island. If you’re able to buy a very good car you can buy an island
But Covid-19 has thrown up complex travel challenges for would-be buyers tempted to relocate offshore, even for those with their own transport. Some nations, including Japan, New Zealand and Australia, have closed their borders to non-residents, making physical viewings of potential island purchases impossible in some cases.
The new owner of Horse Island reportedly bought it without visiting in person, while potential foreign-based bidders for Mai Island will not be allowed to set foot there before putting in an offer.
“We’ve sold some less expensive islands in Scandinavia and Canada recently to buyers who looked at photos and bought the properties,” said Farhad Vladi, a German businessman who said he had sold more than 3,000 islands in a career spanning 50 years. “But people generally want to visit more expensive islands before they buy.”
He agreed the pandemic had led to a spike in interest among high-net worth individuals looking to acquire their own island, but noted how the ultra-rich often preferred to rent their offshore hideaways due to security concerns, particularly if they were well-known.
He also insisted that owning your own private island was not as far-fetched as many people would have thought. “You don’t need to be a billionaire to buy an island. If you’re able to buy a very good car you can buy an island,” he said.
For example, a small island off the coast of Finland was currently for sale via Vladi Private Islands for less than €100,000. At the other end of the scale, a 1,100-acre Greek island retreat in the Ionian Sea would set you back €45m.
Agents said private islands in countries that had avoided the worst of the pandemic were proving popular with would-be buyers, with Australia, New Zealand and the South Pacific islands remaining relatively virus free.
Pumpkin Island, an eco-retreat in Australia’s Great Barrier Reef Marine Park that was put on the market with a price tag of A$25m, was described by its current owners as a “safe haven” from the pandemic.
“We’ve weathered the [coronavirus] storm well and people are looking for places where they will have space and where they don’t feel like they’re on top of someone else . . . I definitely think that’s an attraction,” said Laureth Rumble, whose family owns Pumpkin Island.
Whether the price tag can be met remains to be seen given that non-residents are currently not allowed to enter Australia. But opportunities to own such a home do not come around very often: the Rumbles bought Pumpkin Island 17 years ago for A$1.3m from the previous owner who had won it in a poker game in 1961.
“We’ll be very sad to leave,” Ms Rumble said. “It’s just stunning.”
With its pristine beaches, coral reefs and 32 acres of lush tropical gardens, Fiji’s Mai Island could be the perfect place to hunker down and see out the coronavirus pandemic. And for a few million dollars it could be yours.
The island, which has previously been on the market for just over $4m, is one of a host of offshore retreats being marketed to the super-rich as ideal spots to escape the ravages of Covid-19.
The South Pacific, Caribbean and remote parts of the US and Europe are among the most popular destinations, according to real estate agents who are rushing to tap the surge in demand for private hideaways even as the world economy goes into a deep recession.
Trayor Lesnock, founder of Platinum Luxury Auctions, which is conducting the online sale of Mai Island on Saturday, said the pandemic had led people to reassess their lives and pursue the things they had fantasised about but always held off from doing.
“Owning an island has long been considered cool and desirable but it’s often been a whimsical dream,” he said. “But with Covid-19 it’s starting to look a lot more practical, as people rush to find private spaces for themselves and keep a distance from others.”
It is not just tropical paradises with fabulous weather that are tempting the wealthy. A mystery buyer last week snapped up Horse Island, a 157-acre private hideaway off the south-west coast of Ireland that had a €5.5m asking price. As well as an extensive main residence, Horse Island has six guest houses, a tennis court, helicopter pad and enough space for anyone who wishes to socially distance during a pandemic.
“There’s obviously a thought process in people’s minds — particularly those that can afford these multimillion-euro properties — that they can just get away and self-isolate,” said Callum Bain, a surveyor at Colliers International, the real estate agent that helped sell the island.
He said he did not know the buyer’s motivation but pointed out that Horse Island was previously an agricultural holding — meaning the new owner would be able to grow enough food to be self-sufficient if they wanted to. Its location close to an airport in nearby Cork city was also an attraction for anyone with access to a private jet, he added.
You don’t need to be a billionaire to buy an island. If you’re able to buy a very good car you can buy an island
But Covid-19 has thrown up complex travel challenges for would-be buyers tempted to relocate offshore, even for those with their own transport. Some nations, including Japan, New Zealand and Australia, have closed their borders to non-residents, making physical viewings of potential island purchases impossible in some cases.
The new owner of Horse Island reportedly bought it without visiting in person, while potential foreign-based bidders for Mai Island will not be allowed to set foot there before putting in an offer.
“We’ve sold some less expensive islands in Scandinavia and Canada recently to buyers who looked at photos and bought the properties,” said Farhad Vladi, a German businessman who said he had sold more than 3,000 islands in a career spanning 50 years. “But people generally want to visit more expensive islands before they buy.”
He agreed the pandemic had led to a spike in interest among high-net worth individuals looking to acquire their own island, but noted how the ultra-rich often preferred to rent their offshore hideaways due to security concerns, particularly if they were well-known.
He also insisted that owning your own private island was not as far-fetched as many people would have thought. “You don’t need to be a billionaire to buy an island. If you’re able to buy a very good car you can buy an island,” he said.
For example, a small island off the coast of Finland was currently for sale via Vladi Private Islands for less than €100,000. At the other end of the scale, a 1,100-acre Greek island retreat in the Ionian Sea would set you back €45m.
Agents said private islands in countries that had avoided the worst of the pandemic were proving popular with would-be buyers, with Australia, New Zealand and the South Pacific islands remaining relatively virus free.
Pumpkin Island, an eco-retreat in Australia’s Great Barrier Reef Marine Park that was put on the market with a price tag of A$25m, was described by its current owners as a “safe haven” from the pandemic.
“We’ve weathered the [coronavirus] storm well and people are looking for places where they will have space and where they don’t feel like they’re on top of someone else . . . I definitely think that’s an attraction,” said Laureth Rumble, whose family owns Pumpkin Island.
Whether the price tag can be met remains to be seen given that non-residents are currently not allowed to enter Australia. But opportunities to own such a home do not come around very often: the Rumbles bought Pumpkin Island 17 years ago for A$1.3m from the previous owner who had won it in a poker game in 1961.
“We’ll be very sad to leave,” Ms Rumble said. “It’s just stunning.”
An Eye-Opening Tour of 'The Golden Girls' House—Now for Sale for the First Time
a fun unique house of the month, Golden Girls house for sale...from realtor.com
"The Golden Girls" house is for sale for the first time ever—and for a famous property, some might say this 2,901-square-foot, four-bedroom house in Los Angeles is a bargain, listed for a mere $2,999,000.
With lush landscaping full of exotic plants, the property—located in the Brentwood neighborhood—was used only for the exterior shots on the show, which ran from 1985 to 1992 and starred Rue McClanahan as Blanche, a widow who opened up her home to three roommates played by Betty White (Rose), Bea Arthur (Dorothy), and Estelle Getty (Sophia).
Yet most of these spunky senior citizens' antics—which occurred inside the house, around the kitchen table, or in the living room—were filmed on a Hollywood set.
As such, while this house has attracted a few fans to snap pictures curbside, the home's interior has long remained a mystery—which is all the more reason why this home is bound to receive tons of attention now.
The reality behind 'The Golden Girls' house
In real life, this house served as the longtime residence of David Noble Barry III and Margaret Carr Barry, a married couple who had the house built in 1955. The Barrys lived in the house for more than 60 years until their deaths in 2017 and 2019, respectively. The property is being sold by a trust.
James Barry, the late couple's son, reported that location scouts first noticed the property because of its verdant landscaping, thinking it had just the right aesthetic to represent the four friends' fictional home in Miami at 6151 Richmond St. (FYI, no such address actually exists.)
So the NBC network paid the Barrys a small sum of money to film exterior shots at the home. They agreed, in part because they wanted to show off their home's unique architecture.
In fact, the home was primarily used as a filming location for only the first season of the show. For later seasons, the Barrys loaned NBC the home's original blueprints so the network could build a replica at Disney's Hollywood Studios, where fans could tour the house until it was torn down in 2003.
So what's the original "Golden Girls" house really like?
An inside tour of 'The Golden Girls' home today
The Barrys modeled their Brentwood property after the Honolulu home of David Noble Barry III's father. Japanese and Hawaiian influences abound throughout the property, which features original oak floors, high ceilings, floor-to-ceiling windows, sliding Shoji screens, built-in cabinets, and an engawa, a traditional Japanese wood flooring surrounding the home.
Who will buy 'The Golden Girls' house—and how much will it cost?
So, who will be the lucky new owner of this iconic TV home? Many real estate experts say it's priced aggressively to sell and the buyer will likely be a toss-up between TV or movie producers who may want to use the location, or private buyers who may be fans of the show.
"The list price is strategic and meant to attract a lot of attention and interest," says Rachelle Rosten, the home's listing agent with Douglas Elliman. "The beauty of this pricing strategy is the market ultimately determines the value. I anticipate this property will sell over the list price. It’s an exciting and emotional house as well as being a nice-sized lot on a desirable street. The market will respond accordingly. It will be very interesting to see who ends up buying this property."
One potential buyer? HGTV, which in 2018 outbid Lance Bass to purchase the home used for exterior shots for "The Brady Bunch." The network renovated the house back to its 1970s glory on the hit show "A Very Brady Renovation."
"'The Golden Girls' home reminds me of 'The Brady Bunch' home sale scenario all over again," says Cara Ameer, a real estate agent with Coldwell Banker in California and Florida. "A television network could be an ideal buyer for the property, such as HGTV or even NBC, which originally aired the series. Perhaps Amazon, Netflix, or a studio like Paramount will want it for future projects—a 'Golden Girls' remake or a similar show with a new twist or even a movie."
As for dollars and cents, Ameer says it's hard to put a specific price tag on a home with celebrity status.
"I would venture that this is going to be subject to multiple offers and may go well above asking price—as much as by $1 million or a bit more," she says.
But not all celebrity-status homes sell quickly. Just look at the famous "Full House" home in San Francisco, which was last sold for $4 million in 2016 and has been listed twice since then with no success. One possible reason could be all the "Full House" tourists crowding the front, which might become a nuisance at "The Golden Girls" house as well, especially if it becomes the subject of a pop culture revival.
"A buyer of this house will need to contend with tourists and fans constantly taking photos and the privacy concerns that come along with that," says Shane Ray, a real estate agent in San Francisco with Domicile Properties/Compass.
Some real estate agents think that the headaches of owning a famous home make them a poor investment.
Cedric Stewart, a real estate agent with Keller Williams Capital Properties in Washington, DC, thinks "The Golden Girls" house will sell for under asking, at around $1.95 million.
"Is there a chance someone would buy it for sentimental purposes or use it as an attraction of sorts? Sure," Stewart says. "But the generation that would most appreciate that is on their way out, so this is not a place you buy to make money."
Only time will tell what will happen to this house, but in the meantime, it's fun to get a chance to see a piece of TV history.
Even though the Golden Girls house has a different interior from the show, here are some interior pics...
"The Golden Girls" house is for sale for the first time ever—and for a famous property, some might say this 2,901-square-foot, four-bedroom house in Los Angeles is a bargain, listed for a mere $2,999,000.
With lush landscaping full of exotic plants, the property—located in the Brentwood neighborhood—was used only for the exterior shots on the show, which ran from 1985 to 1992 and starred Rue McClanahan as Blanche, a widow who opened up her home to three roommates played by Betty White (Rose), Bea Arthur (Dorothy), and Estelle Getty (Sophia).
Yet most of these spunky senior citizens' antics—which occurred inside the house, around the kitchen table, or in the living room—were filmed on a Hollywood set.
As such, while this house has attracted a few fans to snap pictures curbside, the home's interior has long remained a mystery—which is all the more reason why this home is bound to receive tons of attention now.
The reality behind 'The Golden Girls' house
In real life, this house served as the longtime residence of David Noble Barry III and Margaret Carr Barry, a married couple who had the house built in 1955. The Barrys lived in the house for more than 60 years until their deaths in 2017 and 2019, respectively. The property is being sold by a trust.
James Barry, the late couple's son, reported that location scouts first noticed the property because of its verdant landscaping, thinking it had just the right aesthetic to represent the four friends' fictional home in Miami at 6151 Richmond St. (FYI, no such address actually exists.)
So the NBC network paid the Barrys a small sum of money to film exterior shots at the home. They agreed, in part because they wanted to show off their home's unique architecture.
In fact, the home was primarily used as a filming location for only the first season of the show. For later seasons, the Barrys loaned NBC the home's original blueprints so the network could build a replica at Disney's Hollywood Studios, where fans could tour the house until it was torn down in 2003.
So what's the original "Golden Girls" house really like?
An inside tour of 'The Golden Girls' home today
The Barrys modeled their Brentwood property after the Honolulu home of David Noble Barry III's father. Japanese and Hawaiian influences abound throughout the property, which features original oak floors, high ceilings, floor-to-ceiling windows, sliding Shoji screens, built-in cabinets, and an engawa, a traditional Japanese wood flooring surrounding the home.
Who will buy 'The Golden Girls' house—and how much will it cost?
So, who will be the lucky new owner of this iconic TV home? Many real estate experts say it's priced aggressively to sell and the buyer will likely be a toss-up between TV or movie producers who may want to use the location, or private buyers who may be fans of the show.
"The list price is strategic and meant to attract a lot of attention and interest," says Rachelle Rosten, the home's listing agent with Douglas Elliman. "The beauty of this pricing strategy is the market ultimately determines the value. I anticipate this property will sell over the list price. It’s an exciting and emotional house as well as being a nice-sized lot on a desirable street. The market will respond accordingly. It will be very interesting to see who ends up buying this property."
One potential buyer? HGTV, which in 2018 outbid Lance Bass to purchase the home used for exterior shots for "The Brady Bunch." The network renovated the house back to its 1970s glory on the hit show "A Very Brady Renovation."
"'The Golden Girls' home reminds me of 'The Brady Bunch' home sale scenario all over again," says Cara Ameer, a real estate agent with Coldwell Banker in California and Florida. "A television network could be an ideal buyer for the property, such as HGTV or even NBC, which originally aired the series. Perhaps Amazon, Netflix, or a studio like Paramount will want it for future projects—a 'Golden Girls' remake or a similar show with a new twist or even a movie."
As for dollars and cents, Ameer says it's hard to put a specific price tag on a home with celebrity status.
"I would venture that this is going to be subject to multiple offers and may go well above asking price—as much as by $1 million or a bit more," she says.
But not all celebrity-status homes sell quickly. Just look at the famous "Full House" home in San Francisco, which was last sold for $4 million in 2016 and has been listed twice since then with no success. One possible reason could be all the "Full House" tourists crowding the front, which might become a nuisance at "The Golden Girls" house as well, especially if it becomes the subject of a pop culture revival.
"A buyer of this house will need to contend with tourists and fans constantly taking photos and the privacy concerns that come along with that," says Shane Ray, a real estate agent in San Francisco with Domicile Properties/Compass.
Some real estate agents think that the headaches of owning a famous home make them a poor investment.
Cedric Stewart, a real estate agent with Keller Williams Capital Properties in Washington, DC, thinks "The Golden Girls" house will sell for under asking, at around $1.95 million.
"Is there a chance someone would buy it for sentimental purposes or use it as an attraction of sorts? Sure," Stewart says. "But the generation that would most appreciate that is on their way out, so this is not a place you buy to make money."
Only time will tell what will happen to this house, but in the meantime, it's fun to get a chance to see a piece of TV history.
Even though the Golden Girls house has a different interior from the show, here are some interior pics...
1 in 5 Americans Have Moved During the Pandemic
from realtor.com, the move is on...
Millions of Americans have relocated this year due to the COVID-19 outbreak, according to the Pew Research Center. New data released this week shows that 22% of Americans either moved or know of someone who did.
The reasons vary, researchers say, such as college students moving out of dorms as schools closed abruptly, homeowners and renters leaving communities perceived as unsafe, and people moving from housing they could no longer afford. The findings are based on a survey conducted in early June of nearly 10,000 people.
Young adults have been the most likely to move. Thirty-seven percent of those ages 18 to 29 said they either moved, someone moved into their home, or they knew someone who moved because of the pandemic.
Overall, 28% of those who have moved during the pandemic say the most important reason was to reduce their risk of contracting the virus. An additional 23% say it was because their college campus closed, 20% said they wanted to be with family, and 18% said it was a financial decision driven by either a job loss or another money-related reason.
Millions of Americans have relocated this year due to the COVID-19 outbreak, according to the Pew Research Center. New data released this week shows that 22% of Americans either moved or know of someone who did.
The reasons vary, researchers say, such as college students moving out of dorms as schools closed abruptly, homeowners and renters leaving communities perceived as unsafe, and people moving from housing they could no longer afford. The findings are based on a survey conducted in early June of nearly 10,000 people.
Young adults have been the most likely to move. Thirty-seven percent of those ages 18 to 29 said they either moved, someone moved into their home, or they knew someone who moved because of the pandemic.
Overall, 28% of those who have moved during the pandemic say the most important reason was to reduce their risk of contracting the virus. An additional 23% say it was because their college campus closed, 20% said they wanted to be with family, and 18% said it was a financial decision driven by either a job loss or another money-related reason.
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