Wednesday, September 12, 2012

Housing News Digest, September 12

Summit County searching for train station locations KEYSTONE — Local and Colorado Department of Transportation officials know they want the future transit system between the Front Range and the mountains to pass through and stop in Summit County. The trouble now is determining where. The question of realistic station locations in Summit County was the primary topic of debate at a meeting of stakeholders Monday afternoon at Warren Station in Keystone.

 Realtors say local housing sales remain positive This year, housing sales have had mixed results in Colorado’s resort communities, but since March Telluride’s market has remained relatively strong. While most Telluride realtors welcome the positive numbers, they are approaching the future with a cautious optimism. Since April, the average dollar amount of housing sales per month in Telluride has been up roughly 30 percent over last year, according to real-estate broker TD Smith.

Report: Colorado Ranks High For Homes at Risk for Wildfire Damage A new report[.pdf] by a California-based housing and real estate data firm puts Colorado second only to California in a ranking of the number of homes at a “very high” risk of being damaged or destroyed by wildfires. Santa Ana-based Core Logic Inc. studied thousands of residential properties and gave them wildfire risk rankings from “low” to “very high” in 13 western states; California, Colorado, Arizona, New Mexico, Utah, Nevada, Washington, Oregon, Idaho, Montana, Wyoming, Oklahoma and Texas.

 Real estate inventory falls in Eagle County EAGLE COUNTY — The latest news out of the local real estate market continues to show slow improvement from the depths of the real estate bust. This time the news has to do with inventory and homes under contract. At the top of the market — 2006 — there was a small gap — fewer than 250 units — between those numbers. In the depths of the bust, that gap was a chasm more than 1,600 units deep. That divide has recently been cut roughly in half, for the best spread since 2008.

 12-story luxury apartment complex planned for Cherry Creek BMC Investments has bought one of the most high-profile corners in Cherry Creek — East First Avenue and Steele Street — with plans to erect a 12-story luxury apartment complex, the company announced Tuesday. The Denver-based company out-negotiated some 40 other groups interested in buying the 1-acre parcel on the south east corner, opposite Cherry Creek Mall, said seller Eric Bush.

 Denver council committee removes obstacle to Gates plant demolition An attempt to designate the old, decrepit Gates Rubber plant, at Broadway and Interstate 25, as one of the city’s historic landmarks died Tuesday by a 6-0 vote of the Denver City Council’s Land Use Transportation & Infrastructure Committee. The action removes the biggest remaining hurdle in the way of Gates Corp.'s plan to demolish the crumbling factory.