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BrokerIPTV: Today we are talking with Fuller Towne & Country realtor Tom Narvaez and Tom, thanks for being with us.

Tom Narvaez: No problem Dan.

BrokerIPTV: This is a fun segment for us. It is GenX GenY talking with younger people in the business. One of the things I want to start off with is where do you like to focus in town in Denver?

Tom Narvaez: Generally, really where I live which is University Park, Observatory Park and where I work downtown LoDo. There is a specific building across the street from us Larimer Place about 150-200 units that's fantastic. So, I've sold probably four or five places. I think it is undervalued.

BrokerIPTV: What is happening in those specific areas Observatory Park, LoDo and so forth?

Tom Narvaez: Well, right now in Observatory Park, University Park, there is just a plethora of new construction "scrape" homes and there just hasn't been a ton of activity. About a month ago, I took a look and there wasn't anything under contract over the last two months. So, probably 30 to 40 new construction houses mixed in with some resales and so, it is a lot of inventory right now. As far as Larimer Place goes, not a lot comes on the market and generally gets sucked up fairly quickly depending on...

BrokerIPTV: Really?

Tom Narvaez: Yeah, depending on how... what kind of condition they are in. So, it really is a prime location. You don't get better than that. It is right across from Writer Square and right next to Larimer Square and I think it is a great location.

BrokerIPTV: I read a newspaper column about more people coming out of the suburbs and going back in the city. You know once upon a time it was just kind of fashionable to live in the city, it was cool.

Tom Narvaez: Sure.

BrokerIPTV: Now, it is more of a necessity to live in the city.

Tom Narvaez: Right.

BrokerIPTV: Are you finding more people attracted to downtown?

Tom Narvaez: I am. I am. I mean it seems like that is definitely the way we are going with gas prices and just the younger generation as they are making more money I think everybody is kind of coming back into town. That is what I am seeing from my perspective and where we are at.

BrokerIPTV: When they... when clients call you up, what do they say that they are looking for?

Tom Narvaez: Generally, it really depends on the client and where they are at and what they are doing. I think that people that are moving up are going to see really a good value right now because they may lose a bit in selling, but when they buy, they are going to gain that plus some. So, really depends what they look for. Otherwise, a lot of people just holding tight and they are investing. They are investing in those lower priced properties and turning rentals into five to eight year deals, rentals, and then going to flip them and hopefully double their money in that timeframe.

BrokerIPTV: Hot areas, what is the hot area or areas?

Tom Narvaez: Man, again, I mean I am so focused on my investors right now. North Aurora, the old Old Town Aurora, northeast Denver, just below Stapleton and then probably southwest to west Denver are where a lot of those deals are right now and those are hot areas. I mean there is a lot flying off the shelves right now in those areas.

BrokerIPTV: Tom thanks. Appreciate it.

Tom Narvaez: [Voice Cross Over] absolutely definitely....