According to the S&P and the Denver Business Journal, Denver’s existing home prices have climbed a tenth of a percent in March! This is just one more bit of evidence that Denver is on the rebound. Again this goes along with other experts and what I have been saying for some time now.

What everyone misses in these articles is that Denver was in a decline before any other city. We hit our peak in 2001…in my opinion…even though the article states that we hit our peak in 2006. Maybe that was true for the luxury market, but not true for the regular folks. We were first in foreclosures before anyone else. So it only makes sense that we bouncing before most everyone else.

Although the market here in Denver Metro is doing better, the luxury market will lag behind. First time home buyers are bidding up! Luxury buyers are still bidding down. How long until it catches up? Who knows, but it feels good to see folks buying!

For all of your home needs, see www.5280fineliving.com . Setting the standard in luxury.

According to real estate expert, Barbara Corcoran, Denver is the #1 city in the nation to rebound from the house slump. Of course it shouldn’t take an expert to read the tea leaves. I have been saying for years that Denver / Colorado would be the first out of the slump. Really, if you know Denver well enough, it just makes sense. Denver (and all of Colorado) is an incredible place with great weather, a young population, every major sport, hip/trendy, fantastic dining and a wide variety of neighborhoods in the metro area for urban and suburban lifestyles.

This, of course, enforces what I have previously blogged about; that the market is brisk for homes at 250k and under. First time homebuyers are crawling out of the woodwork. Despite lending being a bit more difficult, there seems to be no shortage of buyers in that price range with money to put down. It’s the perfect recipe: great city, good job market, home prices are reasonable, interest rates are great. Add that all up and you get buyers. It’s actually quite basic.

Also, the luxury home market has been declining for some time now and prices are looking attractive. This segment of the market may take longer to rebound, but with prices falling on luxury, now is the time to jump in if you have been waiting. I have seen some luxury areas that have dropped home prices as much as 600-700k! Don’t wait. Take advantage of the low prices and rates and get the luxury you have always dreamed about!

One of this months “Top Shelf” winners in Wine Enthusiast magazine is Woodward Canyon’s 2006 Estate Red Wine. Since I am not good with describing good wine myself, I will quote directly from Wine Enthusiast Magazine: “…the best lots of Cabernet Franc, Petit Verdot, Cabernet Sauvignon and Merlot create this very limited-release wine. It is built to age, and reflects the tight and muscular style that Rick Small has developed over the years. There is a strong mineral/metal vein running through the black and blue fruits.”

5280 Fine Living is dedicated to bringing you all that is good in Denver and beyond. When only the finest will do! www.5280fineliving.com

If you are looking for a great restaurant this weekend, I recommend Bistro One. Located at 1294 S. Broadway, Denver 80210, just about 3 blocks South on Broadway from I-25. This place has a hip, cool atmosphere; perfect for a date or hanging with some friends. So far I have tried the Cheese Plate appetizer, which is awesome. For my entree, I have had the Cowboy Beef Rib-eye…twice! It was so good the first time, that I had to get it again the second time (me and a friend enjoyed it so much that we came very close to licking the plate clean…but we refrained). Check out their website at www.bistroonedenver.com

For more great restaurant ideas, see our Restaurant Guide and Taverns Guide at http://www.5280fineliving.com/food.html