Slumping sales: Dropping sales and heavy cancellations are taking their toll on builders in the nation’s largest homebuying markets, including Denver.
Through June, Denver builders saw an 11.1 percent decline in sales to 11,017, according to a report by Hanley Wood Market Intelligence published in Builder, the magazine of the National Association of Home Builders. The metro area’s cancellation rate was 17.4 percent, with 1,917 orders for new homes dropped. That’s up from 10.6 percent in 2005, when 1,317 orders were canceled.
Show me the money: Show up with a $2.98 million check – 10 percent of the minimum bid – if you want a chance to bid on Leon Hirsch’s Wildcat Ridge at Snowmass.
Hirsch is selling the 14,300-square-foot residence 1,000 feet above Snowmass at an auction to be held Nov. 11 at the St. Regis Resort in Aspen. The minimum bid for the house, designed by famed New York architect Bartholomew Voorsanger, is $29.8 million. Before hiring Sheldon Good & Co. Auctions LLC to sell the house, Hirsch had it listed on the conventional market for $37.5 million.
Hirsch founded U.S. Surgical, a medical-equipment company he sold in 1998 for $3.17 billion.
Downtown digs: Think you can’t afford to live downtown? Think again.
Downtown Denver Partnership Inc. is hosting its third annual Real Prices for Real People housing fair Oct. 26 from 5 to 7 p.m. at the Wynkoop Brewing Co., 18th and Wynkoop streets.
The free fair is aimed at informing people about the options for condos, lofts and apartments downtown and the surrounding center-city neighborhoods.
To RSVP, call 303-571-8205.
On your own: Everything’s going condo, including storage facilities.
Brokers Matt Wess and Jeremy Anderson of Real Estate of the Rockies are marketing 33 storage condos 2 miles north of Colorado 52 in Frederick.
Developed by HSH Properties LLC, the condos are big enough to hold RVs, boats, classic cars or business storage. They sell for $70 to $75 a square foot, with monthly association fees of $40.
So far, one unit has sold and four are under contract, Wess said.
Staff writer Margaret Jackson can be reached at 303-954-1473 or mjackson@denverpost.com.
