Episode 3- Bringing Wood Back! 

Are white kitchens out and wood coming back? Today we talk about what is hot in kitchen cabinets and the last market update before Christmas! Coming up of Episode 3 of South Metro Denver Real Estate Report.**Music** Recording from South Denver where the real estate market fluctuates as much as our weather this is South Metro Denver Real Estate Report and I am your host Joy Fraser licensed broker and owner of Colorado Luxury Houses powered by Keller Williams. This is Episode 3- Bringing Wood Back!

7 Day Report for South Metro Denver Area Real Estate- 

The boundaries for these stats are Arapahoe Rd. Santa Fe at an angle to include Roxbourgh. The south is to include Castle Rock, Franktown, and Elizabeth. Then on the east we go up through the country to include Parker and South Aurora. 

-223 Attached Properties on the market which is down 23 properties from last weeks report. The least expensive is $193,500 in Centennial (1/1 732 sq ft there is a $220 HOA which includes pool, fitness facility, hot tub, heat, water, and snow removal) which is $28,500k more than the least expensive from last week. And most expensive is a $925k townhouse in Littleton (¾ 4319 sqft.). This is $35k more expensive than last week’s most expensive attached property.
25 went UC in last 7 days. 21 closed in last 7 days.
-1101 Detached Properties on the market which is down 97 properties from last weeks report. The least expensive is $279,950 in Elizabeth (3/2 1582 sqft ½ acre.) This is $5k more than last weeks least expensive home. And the most expensive home is still the $12,900,000 in Parker (11b/24b almost 40,000 fin sqft). To keep things interesting I am going to add the 2nd most expensive home…. It is $4.9million in Parker. (6/7 16k sqft 2.25 acres. It’s a modern and minimalistic style. The kitchen has 3 ovens, 2 oversized refrigerators, and 2 sinks. There is a glass wall wine cellar, 5 car garage, 7 fireplaces. What makes this property so unique? The second building that has a bedroom, bathroom, fireplace, and changing room. Why a changing room? To change into your hockey gear so you can jump on the ice quickly on the indoor hockey rink of course. This is not a joke. There is truly a full regulation hockey rink at the property. Someone call Gordon Bombay and the Mighty Ducks, this property is for them! 
129 went UC in last 7 days. 100 sold in last 7 days. 

The report is showing that there is less all around, houses on the market, going under contract, and closing. However, potential sellers should consider this… Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you!

What’s Hot!

For the last few years white cabinets were all the rage. And I love it. It’s so much better than the late 80s/early 90s oak cabinets. Blah! I heard that stain wood is coming back to the kitchen and I was panicked. Then I saw what everyone was talking about and it’s not an entire kitchen of wood stained cabinets. Keep your white kitchen but change the hood over the stove to be wood stained. Or add some wood stained open shelving. Or keep the cabinets and add a wood stained butcher block. The possibilities are endless when adding a stained wood accent piece to your kitchen. 

Tip of the Day-

The tip of the day is the same for buyers and sellers. All it is to paint the cabinets. If you are buying a house or own a house and have those 80s oak cabinets go ahead and give them a paint job. Go on trend and paint them white or be bold and do a deep rich color. Then add a stained wood accent to make a statement piece and you will have an updated kitchen for 2019!  

Truth or Fail-

What was the craziest real estate phone call I have ever received?

Don’t forget to play Would you rather on Instragram tomorrow just follow me @realtorjoyfraser.