Kentwood’s Gallery Magazine
By Larry Hotz, All Denver Real Estate
Kentwood Company’s Gallery Magazine has expanded both quality and distribution volume with its latest issue.
The newest issue has 42 pages highlighting Denver’s finest offerings of luxury homes and real estate. And, over 100,000 magazines will now be mailed to homes in Denver’s highest income neighborhoods.
Loft Party
by John Ludwig, Dowtown Denver Real Estate
Penthouse Party at Zi Lofts
THE place to be and be seen this Sunday!
My friend and coworker in the real estate biz Alyssa Jahns from Kentwood City Properties really knows how to throw a party! And this Sunday should be no exception, as she unveils the Zi Lofts and Townhomes for all to see!
The Zi building has been rising out of an old parking lot at the corner of 22nd and Blake in downtown Denver – right across from Coors Field in LoDo. The party starts at 11:00, and the first 70 attendees in the door will earn VIP passes for the Rockies Game that same day!
Kentwood Awards Dinner
By Larry Hotz, All Denver Real Estate
One of the things I appreciate most about the Kentwood Company is that everything is always done in a first-class manner.
The same was certainly true For the Kentwood Awards Dinner which was recently held at the prestigious Denver Country Club.
I was delighted to join over 30 agents from all three offices of The Kentwood Companies who were recognized for their outstanding sales contributions during 2007. Each of the agents sold more than $10 million worth of real estate during the year.
May Home Sales
By Larry Hotz, All Denver Real Estate
Well, there’s good news and bad news for the Denver real estate market in the latest MLS statistics released for the month of May.
The best news is that the number of single-family homes and condominiums actually decreased almost 10% from the year ago period. That means that the supply of homes is shrinking to match lower home sales.
The bad news is that actual closed sales were down about 8% from May 2007. Although reported under-contract sales were essentially the same as the year ago period, the number of reported sales which failed to close increased to a whopping 25%.
Evans Ridge Estate
by Larry Hotz, All Denver Real Estate
"Shock and awe….Amazing….The best home I’ve ever seen, period".
This mountain-style retreat has everything you could want in a 42,000 square foot home nestled on a 72 rolling acres with views of The Rocky Mountains. This magnificent home took seven years to complete the perfect getaway for an affluent family. Actually, it is reminiscent of an exclusive corporate retreat with its 9 bedrooms and baths, indoor pool, bowling alley, exercise center and much, much more.
Downtown Condo Prices
By Larry Hotz, All Denver Real Estate
"City Condo Prices: Sky’s The Limit".
That was the lead headline this morning in The Denver Post, Denver’s daily newspaper. Despite a softer market outside the downtown area, developers are raising prices on new condo projects downtown.
Dee Chirafisi of Kentwood City Properties is sometimes called "the Mayor" of Downtown Denver. She meets are greets about every third pedestrian as she meanders the sidewalks of Lo-Do. She is also the top selling Realtor in those parts of the city and a listing broker of the 51-story tower
2007 Sales Below $1m
by Larry Hotz, All Denver Real Estate
The Kentwood Company is well-known for being the market leader luxury real estate home sales over $1m (see post from January 29). But, sales of luxury homes below $1m were strong for the company as well.
The table below shows how The Kentwood Company compares to other firms in market share at the various price points above $500,000.
Penterra New Condominiums
By Larry Hotz, All Denver Real Estate
Penterra is our newest listing of luxury condominiums in the Denver Tech Center near Greenwood Village. There are over 80 fully completed units in this high rise building in the heart of the action. Prices range from $250,000 to $1.9 million.
The Kentwood Company and I are excited to be able offer affordable, truly luxurious condos in this great location. The Penterra Plaza includes an office tower, McCormick and Schmidt’s Seafood Restaurant, and other amenities within walking distance. Denver’s new light rail line is only a few blocks away.
Denver Luxury Home Sales 2007
By Larry Hotz, All Denver Real Estate
The Kentwood Company once again led the market in luxury home sales in 2007 in Cherry Hills Village, Greenwood Village and throughout southeast Denver and the south suburbs. These statistics were released by John Fitzpatrick, Managing Broker of the Denver Tech Center office. The figures are based on sales of the entire firm for homes priced above $1 million.
KENTWOOD COMPANY MARKET SHARE
METRO AREA CLOSINGS EXCEEDING $1,000,000
SOURCE: 2007 Metrolist Residential and Condo Closed sales by Listing Company – South Suburban East including Cherry Hills Village, Greenwood Village, Centennial, South Suburban Central, Douglas Highlands Ranch, Denver Southeast, Denver Northeast, Douglas County West, Douglas Elbert/Parker, Downtown Denver. Does not include: Boulder, Broomfield, Evergreen, Erie, Golden, Jefferson County, or New Home on-site marketing.
Kentwood Company Sold
Can history repeat itself? My firm, The Kentwood Company, is in processing of transitioning to new ownership. It was acquired by Bill Moore, former Partner in the firm and former President of The National Association of Realtors, and his son-in-
law, Peter Niederman.
Fact is that Mr. Moore was a 50% partner in the elite firm in 1988 until 1998. Mr. Niederman was Chief Operating Officer of Moore and Company for many years before it was sold to NRT. It is now known as Coldwell Banker in the Denver area.
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