Indicate Capital, Author at Indicate Capital

Real Estate Flip of the Month – April 2021

Written by Indicate Capital on April 8, 2021. Posted in Real Estate Flips.

Purchased: January 2021 @ $276,000

Sold: April 2021 @ $450,000

Location: Aurora, Colorado

Project Details: This was a quick one, but a great investment. The owner secured a real estate acquisition loan with Indicate Captial. Our investor replaced the roof, updated the kitchen, opened up the floorplan, and replaced the windows. The seller received an offer of $50k above the asking price. Beautiful turnaround property!

Before After

The Indicator Real Estate Market Update – April 1, 2021

Written by Indicate Capital on April 1, 2021. Posted in The Indicator.

As our world works towards getting back to normal, the Colorado real estate market is anything but normal. Inventory is at an all-time low with prices at an all-time high. Properties are being bid well over the asking price, even upwards of $100,000 over asking. Demand is still very high, and the pinch in inventory has caused a very unbalanced market. A balanced Denver market should have somewhere around 14,000 properties on the market. We have seen this number drop as low as 1000 over the past few months.

So what does this mean to you as the investor? It is a great time to invest with values where they are, but finding deals seems to be nearly impossible. Investors are seeking new ways to locate deals with their usual methods not providing the results previously experienced. Borrowers are getting creative, and we are still seeing great deals!

We are very pleased with how busy we are at Indicate Capital given the current inventory pinch. Production this past month has been extremely high and we are very encouraged by the amount of great deals coming across our desks.

We would love to chat with you about your next deal!
Give us a call at (303) 567-6334!

Project Type: Fix and Flip
Address: 12056 W Virginia Pl
City: Lakewood
Count: 3 bed/ 2 bath
Square Footage: 2,368 sq ft
Loan Type: Acquisition Only

Project Type: Scrape and New Build
Address: 800 S Franklin St
City: Denver
Count: 3 bed/ 2 bath
Square Footage: 2,359 sq ft
Loan Type: Acquisition Bridge

Purchased: June 2020
Cost: $441,000
Sold: February 2021
Price: $815,000
City: Denver

SFR Real Estate Numbers

Denver County (Colorado Association of Realtors, February 2021)

New Listings – 624
Sold Listings – 517
Median Sales Price – $585,000
Average Sale Price – $729,340
% of List Price Received – 102.8%
Average Days on Market – 21 days

Denver County (Colorado Association of Realtors, January 2021)

New Listings – 557
Sold Listings – 439
Median Sales Price – $530,000
Average Sale Price – $689,256
% of List Price Received – 100.7%
Average Days on Market – 24 days

Denver County (Colorado Association of Realtors, December 2020)

New Listings – 395
Sold Listings – 692
Median Sales Price – $548,250
Average Sale Price – $701,699
% of List Price Received – 100.4%
Average Days on Market – 20 days

Denver County (Colorado Association of Realtors, November 2020)

New Listings – 484
Sold Listings – 726
Median Sales Price – $566,250
Average Sale Price – $709,124
% of List Price Received – 100.5%
Average Days on Market – 18 days

Denver County (Colorado Association of Realtors, October 2020)

New Listings – 864
Sold Listings – 879
Median Sales Price – $582,000
Average Sale Price – $734,783
% of List Price Received – 100.7%
Average Days on Market – 20 days

Denver County (Colorado Association of Realtors, September 2020)

New Listings – 915
Sold Listings – 812
Median Sales Price – $550,000
Average Sale Price – $683,448
% of List Price Received – 100.5%
Average Days on Market – 19 days

Recent News Articles

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Looking for your next deal? Check out New Western Acquisitions! They specialize in finding off market properties for investors just like you!

New Western Acquisitions is a national wholesaler that provides a wide range of investment real estate inventory for the local real estate investor.

Check them out today!
720.547.9617
www.newwestern.com

Apply now to start the private lending process.
Do you have questions? Contact our originators today at Indicate Capital!

Tyler Ideker
Jesse Kajer
Davis Butler
Max Miller

303.567.6334
[email protected]

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Real Estate Flip of the Month – March 2021

Written by Indicate Capital on March 23, 2021. Posted in Real Estate Flips.

Purchased: June 2020 @ $441,000

Sold: March 2021 @ $815,000

Denver, Colorado

Some of the Fix and Flip Details:

Beautiful renovation to this 3 bed 2 bath 1920’s bungalow with all the modern amenities and blend of old-world charm that you would want. EVERYTHING is NEW to this gorgeous house!!! Located perfectly in the ever-popular neighborhood of Sunnyside in NW Denver. Before you even walk in the door, you will notice the attention to detail with the beautiful front porch, brand new siding/paint, and professionally landscaped yard. The charm is further met in the interior with the wonderful tall ceilings, new windows, highly coveted original oak hardwood flooring. As you walk through the property, you will appreciate the gourmet kitchen featuring Stainless Steel Appliances, beautiful cabinetry with soft closing drawers, not to mention the open shelving and handsome quartz countertops. Amazing, very large/private master bedroom, walk-in closet, and bathroom. All new Electrical, HVAC, AC, Plumbing, Doors, Texture, paint, etc… The outdoor living area is ideal for parties, relaxing BBQs, or just enjoying your morning coffee. And don’t miss the over-sized attached three-car garage ready for your vehicles or toys with a pull-through from the front to back alley. Or make the one-car garage into an office, art studio, or extra entertaining entertainment area next to an amazing fire pit/patio. The location is ideal – close to cafes, parks and so much more.

Author: Indicate Capital

Real Estate Flip of the Month – April 2021