March is usually a jam-packed month with Spring Break, the madness of college basketball, St. Paddy, and most importantly the start of the Spring home selling season in Denver! We'll see inventory and demand increase over March, April & May and then we'll start to see it mellow out a bit around June & July.
Overall, the Denver metro area is still in a strong seller’s market with only 1.92 months of single-family inventory available. Only detached homes priced over $1 million were in a buyer’s market with 6.58 months of inventory. At the current rate of sales, there is 2.07 months of attached home inventory overall. But, buyers are in the power position with 6.24 months of inventory for condos priced between $750,000 and $999,999, and 7.31 months of inventory over $1 million.
According to industry standards, under five months of inventory is a seller’s market and over six months of inventory is considered a buyer’s market.
Average Single Family Home Price: $512,312
Average Condo Price: $349,801
Total Number of Properties for Sale: 6,017
Average Days on Market: 39
What's Going on Around Town?
Best New Restaurants
Try to get a seat at Beckon in RiNo. It's Chef's Counter Only. There are only 17 seats and 2 seatings a night. Truely a remarkable8-course dining experience. That's just 1 of the cool new restaurants popping up in Denver. Click Here for a Full List
St Patricks Day Parade
You've gotta go see one of the longest St Patricks Day Parades West of the Mississippi. 1000's of floats and activities... you may even see a green alien or two.
Link to Parade Info
Saturday, March 16th
The River Mile Project - Is Elitch's Garden Moving?
Find out a little more about the 17 Acre project that will relocate Elitch Gardens and build a beautiful mixed-use project on the mostly unused section of the Platte River.
Link to More Info
Broadway Station? Midtown?
Where the tired and broken Gates Rubber Factory once stood we finally have a buyer and a builder after almost 2 decades! 7.5 Acres to build offices, homes and places to spend your money. Ground breaks in 2020.
Want to know what your home is worth?
Let me run an RPR Report for you. I have access to a system used by Appraisers and Lenders to get a semi-accurate estimate on your home value. Respond to this email with your property address and I'll be happy to put a report together for you.
Link to an Example
1572 Race St - Denver
Castle Marne was built in 1889 by one of Denver's most famous architects, William Lang. A truely opulent house with design elements of Richardsonian, Romanesque and Queen Anne era. Not sure it's for me at $2.29M, but quite interesting.
Link to Property Info