The Slifer ReportFeatured ListingGlass House Penthouse 2312

This penthouse is extraordinary!  Do you love to look at the city at night, at Coors Field and the Rocky Mountains during the day?  This gorgeous home has glass on three sides, sits on top of the world-on the top floor of the Glass House, with Mountain, City, Platte River, Coors Field and Commons Park views.  Enjoy the best home in the best high rise in Denver. $1295,000.

➡ Contact Scott Leggett at 303-817-7320.

City-Close Market SnapshotLow Inventory in Quality Homes

Good homes, in great locations, are in short supply throughout the Denver market. There has been no better example of this than the recent history at The Park ONE Riverfront. Three homes have gone under contract in less than 60 days with listing prices over $500 per square foot.

➡ Luxury Homes. The Case-Schiller index found that Denver is the country’s fourth best market for homes over $1,000,000.

➡ Available Homes. Inventory in Denver’s city-close neighborhoods is very tight. As an example, only 4% of the homes in Riverfront Park are for sale.

We’re Getting ThereTanya’s Take

I feel like I’ve been saying this for ten years, but, honestly, we’re getting there. We’ve seen a real uptick in our business. I have a chance to talk to

brokers almost every day and there’s a palpable sense that things really are approaching normal. Buyers are buying and sellers are selling. We’ve even seen new product, particularly in the Highlands, have success. There’s no doubt that nothing matters more right now than location, but that’s always the case. We expect to see limited price increases in the best neighborhoods on the best blocks.

➡ Contact Tanya Heller at 303-927-8867.

What We’re Seeing Now

www.sliferdenver.com

February 2012

➡ Two bedroom condominiums are selling quickly.

➡ Homes within walking distance of restaurants and parks sell.

➡ Smaller bedrooms in exchange for larger kitchens and living areas

At Home

➡ Westword’s Artopia, Denver’s most agressive art-thing-a-ma-jigger, on February 18th. Google it.

➡ It’s months away, but if you want tickets for The Book of Mormon, we’d suggest you get them. They’ll sell out.

Around Town

The Slifer Report

Featured ClosingPalace Lofts 8A

A rare corner one-bedroom, Glass House 1118 recently closed for $6,000 more than the asking price. The new owner is a first-time homebuyer that works downtown. First on her list of desires was a place she could walk home to. After that, she was looking lots of natural light, views, great finishes and an open plan. She didn’t know she was looking for Glass House, but, “It was the pool, the Park, a drink at Zengo and the doorman that got [her] so excited.”

➡ Contact Lindsay McBride at 303-618-3622.

Linger

Agent Profile

Tell us what you see in the market?There’s really a lack of quality homes. I have a couple that’s looking for a Denver Square in

LoHi - they just love the neighborhood, who wouldn’t? - and we’re having a tough time even finding homes to look at, let alone ones that meet their very reasonable base expectations.Describe your own dream home.In Wash Park, on five lots, with a yard large enough for a growing boy. In my current home in the neighborhood, my husband and I have remodeled about as much as we can. We love it. We love our street. Actually, if it didn’t mean they’d have to move, I might try and force our next door neighbor to sell to us. Did I mention we walk to Sushi Den a couple of times a month?Tell us about your last transaction?I’d been working for months with a great client buying his first home. We chased some deals, but big discounts are harder and harder to come by in LoDo. So, he ended up deciding to buy something he loved first and still felt was a good value.

➡ Contact Lisa Shermer at 720-273-3019.

New at Slifer Smith & Frampton - Denver

www.sliferdenver.com

February 2012

Over the past few years, Slifer, Smith & Frampton - Denver has focused its efforts on serving the huge client base we’ve established as the exclusive listing agents in Riverfront Park. That group has grown and begun to move. We are, too. We’ve

Expanding Our Reach, Focusing our Talent

recently expanded our focus from Riverfront Park to the rest of the city’s most urban neighborhoods. At the same, time, we’re upgrading our marketing, remodeled our website, and enhanced our sales team. Our goal is simple: to be the best.

If You Haven’t, You Should Eat Here

Following on the incredible success of his hit restaurant Root Down, Chef Justin Cucci’s new joint in the old Olinger Mortuary. The menu is as clever as the name. 303-993-3120. lingerdenver.com

Lisa Shermer

The Slifer Report

Just the Facts, Ma’am - Cherry Creek NorthA Fluctuating Market Means Some Deals for Sellers, Some Deals for Buyers

Something Different

www.sliferdenver.com

February 2012

Platte Forum, located in Riverfront Park, brings new thinking to the challenges of troubled youth. One way they do this is their Learning Lab Program. A series of intensive workshops, where small groups of youth, K-12, work side-by-side with creative residents. These interactive workshops build upon the ideas and forms of the resident artist and culminate in the completion of a body of work presented to the public in exhibitions and performances with an

Transforming Lives, Really, Through Art

opening reception at PlatteForum. The youth focus on a process-based model to create new artworks through integrative learning and experimentation.

Learn more at www.platteforum.org

➡ 26 homes purchased in 2011➡ $717,000 average price➡ 8.21% difference between list and closed price➡ 171 average days on market➡ $286 per square foot➡ $222 per square foot including basement

By the Numbers53% 33%

14%Single FamilyCondominiumTownhome

40%

15%10%

35%SingleWidowedDivorcedMarried

Source: zillow.com (includes outlying areas) Source: MLS (Cherry Creek North only)

500,000

522,500

545,000

567,500

590,000

1/10 6/10 11/10 4/11 9/11

Required DisclosureThis newsletter is not a solicitation to list or sell real estate. Furthermore, while information is believed to be accurate, it is represented subject to errors, omissions or changes.