(303) 893-4081

Offering you a seamless approach to buying, selling and leasing LUXURY real estate, LUX HOMES delivers results tailored to you. Thriving in the industry since 2008, we are driven by continued client loyalty and our prestigious reputation for performance satisfaction. Lead by Michael Lapides and Joyce Kelly, LUX HOMES is committed to providing you with top-tier real estate experiences.

Simply put, we get it! Service to our clients is a MUST! Whether you are interested in Buying, Selling or Leasing your home, our dedicated team has the expertise to guide you in your decision-making process.

What our clients have to say!

My wife and I had the pleasure of experiencing first-hand how Lux Homes goes the extra mile! They made the process of leasing and selling our home a seamless process. Not only were they attentive to our needs in selling our home, but they were able to provide resources which enabled us to find our next home in California. I give them my stamp of approval and will use them in years to come when acquiring properties.

- Ed & Julie A.

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8940 E Vassar Avenue, Denver, CO 80231 - $1,999,999.

LuxHomesDenver | Blog

DENVER RANKED “BEST PLACES TO LIVE 2017

by Joyce Kelly Lapides - Thursday, February 23, 2017


LAGS IN NEW HOME CONSTRUCTION

U.S. News & World Report released their 2017’s “100 Best Places to Live in the USA” and guess what? Denver claimed the #2 spot! With over 5,000 acres of parks, trails, golf courses and playgrounds – it’s no surprise. We also have a very low unemployment rate, higher than average salaries, and fantastic weather. The problem? So many people like it here that our rapid growth in population has surpassed our rate of new residential construction. What does this mean for the market?

An increase in demand with little increase in supply causes upward pressure on prices, which is what we saw in 2016 and will continue to see in the coming years. According to the Denver Metro Association of Realtor’s, the inventory of single family homes available for sale at the end of January 2017 was 2,993 - a 10.9 percent drop from inventory in January of 2016. The lack of inventory has created a 9.5 percent increase of home sale prices in January 2017 – which is much higher than income increase rates.

Denver needs 16,000 to 18,000 new homes built each year to keep pace. Metrostudy, a Hanley Wood company, counted 11,038 home starts across metro Denver, and home builders had a 22 percent increase in production for 2016. Regardless of their higher than normal rate of production, the supply is still lacking. Further, builders are typically more comfortable with a 15 percent growth rate which means inventory catch up should occur in 2019 - 2020. In addition, rising interest rates are locking people into their current locations and older Americans are choosing to stay in their homes longer – tying up home options for younger families.

What about the Luxury Market? – It’s keeping the same speed. The Days on Market (DOM) throughout 2016 was cut in half compared to five years ago. In 2016, Denver averaged 108 DOM while they averaged 226 DOM in 2011. Even high-end condos (those priced over $1M) were a hot commodity – selling 261.29 percent more inventory in 2016 compared to 2011. It’s been a good run in the Luxury Market for the past five years – and we think it will keep pace with Denver’s record setting growth. The market in 2016 was strong and 2017 is already started off to a healthy start!

Information derived from the Denver Metro Association of Realtors, U.S. News & World Report, and the Colorado Association of Realtors

Denver is a Great Place to “Be Mine, Valentine!”

by Joyce Kelly Lapides - Friday, February 10, 2017


By Amy Yount, February 10th, 2017

Whether you’re a fan of the heart shaped box of chocolates or the brilliant red roses surrounding us this Valentine’s day, you can be sure that Denver is one of the best locations to spend it with your sweetheart. Many of our clients live or work in Denver, so we wanted to share some of our favorite Downtown Hotspots to find great food and treats that will be sure to impress and set the tone for a romantic night of that loving feeling:

TAG Continental Social Food hotspot off Larimer offers divine cuisine, whether you are a sushi lover or a vegetarian, you will be sure to impress with their exquisite dishes! Check them out @tagrestaurant http://tag-restaurant.com/

Cru Food and Wine Bar also found on Larimer offers more than just a dining experience – they offer wine education, with a collection of over 300 to select from! Their gourmet menu fits perfectly to make sure you have a fun and romantic evening! Check them out @cruwinebar http://www.cruawinebar.com/

EDGE Restaurant and Bar offers valet parking complementary to their guests so you can experience their magical ambiance with little worry. This progressive American steakhouse is a must visit hotspot with their “see and be seen” reputation. Their three-course menu offerings are sure to please! Check them out @EDGErestaurant.Denver http://www.edgerestaurantdenver.com/

In fact, we like these hotspots so much, we’ve decided to team up with them and host a Valentine’s Day Giveaway! Check out our Facebook Page for more details!

Need more great ideas for Valentine’s Day? Visit www.Denver.org for Romantic Activities right here in town! From a Couple’s Massage at the Ritz-Carlton to a Downtown Horse & Carriage Ride (Yes, we do that in Denver!) There are so many different options to make it great! You and that special someone could watch one of four shows happening with the Theater at Denver Center for Performing Arts, or perhaps you want to get those creative juices flowing - You could also check out Malas & Mimosas – a fulfilling process of making your own mala (beaded mediation necklace). Whatever you choose, we hope the day is unforgettable for you!

CONTACT US
Denver, CO
Main Office: (303) 893-4081
jkelly@luxhomesdenver.com

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