Calibrate is proud to present the 1st Central Denver Market Report for 2020 – Below is a list of of Calibrate’s Current Commercial Listings and Recent Sales Highlights
Calibrate Real Estate published it’s 1st Newsletter report of 2020 that provides insight on the direction of the Central Denver apartment sales market and recaps transactions that have occurred since our last newsletter was published.
Dr. Seuss said, “don’t cry because it’s over; smile because it happened.” It is with mixed emotions that we announce the departure of the Johnson Piretti Team from Calibrate Real Estate. While we will miss our daily comradery and collaboration, we look forward to the new opportunities that the future presents.
Everyone has been asking us, “how has COVID-19 impacted other apartment operators?” Further, how are the leaders of Denver’s apartment industry navigating this pandemic?
The turning of a New Year is a dramatic reminder that the holidays are over and the “tax man” cometh. Regardless of your political affiliation, we’ve never heard a wealthy, real estate investor brag about how much they get to pay in property taxes
Six years after breaking the $100,000/unit price point, Central Denver apartments averaged over $204,000/unit in 2019. We calculate the average price per unit annually from Central Denver’s transactions between 10-100 units, excluding sales of recently constructed projects.
Some real estate transactions pay off in surprising ways. In May I received a phone call from Carol who said that her Mother, Juanita, had just passed away at 102 years old. She had left her daughters, Carol, Donna and Jude multiple properties in the Denver Metro area.
Searching for a Central Denver trendline within the past two years, we decided to research three 1960’s center hallway buildings sold by Calibrate Real Estate. Why?
Central Denver appears to be headed for another record year of apartment sales prices. To many observers it might seem that nearly everything is selling for $200,000+ per door; but are they really?
Denver’s apartment market has been on the rise for nearly a decade. That run has some investors worried that we are now “late in the cycle”, anticipating that an inevitable downturn is on the horizon. However, there are several reasons to believe that the market will continue to push ahead.