Real Estate Blog

May 2022: Denver Real Estate Market Update

May 2022 Denver Market Update: 

April saw the average sales price increase to $820,740 and the median sales price jumped to $680,000. Buyers felt relief with an influx of new listings - April saw a jump of 13.2% in new inventory compared to March.

Demand remained high and at the same level as 2019 and 2021, but homes are moving very quickly with just 8 days on market, on average.

Anecdotally, we hear that competition remains fierce with multiple offers. We will continue to keep an eye on interest rates as we progress into May and the summer.

Supply - Active Listings

Active listings saw an increase to 2,960 - a 29.4% increase over March. While a relief for buyers, this number is still down as compared to the previous 3 years.

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Seller's Checklist: A Timeline to Prep Your Denver Area Home for Sale

Denver is a hot seller's market, but that doesn't mean your home is guaranteed to sell quickly. Attention to detail and preparation matter in any market, and sellers that are listing their home the right way are creating multiple offer situations and crushing market averages. When multiple buyers bid on your home, Denver sellers win.

We've outlined all of the steps below, but start by connecting with a top-rated Denver real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home's appeal to buyers. First, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property's value. The more runway the better.

Use…

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Top Places to Dine and Drink Outdoors this Spring in Denver

Rockies opening day, and rooftop bars - it's a Denver right of passage. And with so many fun places to hang out this Spring, how can you possibly choose just one? Denver is chock full of fun patios and rooftops to enjoy this gorgeous Spring weather. So get out there, bask in the sun with your favorite IPA in hand (you're in Colorado ya know) - and tell us below which hot spots we are missing.

Happy Camper - Don't worry, eat happy! If you ask us, the experts, there's not a better combination of pizza, booze, vibes, and happiness.

Linger - If you're not too creeped out by the fact that this was Olingers Mortuary before turning into a hip restaurant, you'll enjoy some tremendous views and fine Asian street-style food.

Avanti Food &…

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April 2022: Denver Real Estate Market Update

April 2022 Denver Market Update: 

HOME VALUES ARE AT AN ALL-TIME HIGH!

March continued the trend of very high demand, an overall shortage of inventory, and skyrocketing home prices. The Spring market is starting with a big bump in new listings - March saw an increase of 42.4% as compared to last month - but they are moving very quickly with just 11 days on market, on average.

Buyers are facing high prices - the average price for a single-family home in March was $793,445 (an increase of 8% over last month) and the percent closed price to list price jumped to an astounding 106.5% from 104.8% from February.  In March, 21% of closings were cash buyers.

Supply - Active Listings

Active listings saw an increase of 31.6% over February - a…

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Things to Do in and Around Denver this Spring

It's time to put away the puffy jackets and pull out the flip flops (or more likely Birkenstocks). It's Springtime in Colorado! We've got festivals, theater, concerts, and more! The masks have been ripped off and it's time to go enjoy each other's company once again.

What are we going to be up to this Spring? Likely taking in a few of these fun activities.

April 8th - Opening Day! A yearly reminder that Spring is here. Come on down to Coor's Field and watch the Rockies take on the Los Angeles Dodgers for the first game of the season. Get Tickets Here

Photo Courtesy of KRDO

April 14 - Nov 24th - The Art of Banksy - After 5 years of vacancy, The Denver Sports Castle is getting a new tenant this month.  Arguably, the most intriguing and…

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The Ultimate Spring Cleaning Checklist for Denver Area Homes

It's been a long snowy winter here in Denver, and it's officially Spring (even if the weather doesn't make us feel that way). Spring tends to be the forgotten season in Colorado, in most areas it's more like a second winter. But a seasonal change it is, and a great time for Denver area homeowners to freshen up the inside and outside of their home in preparation for warmer temps ahead. So, get ready to wash away the winter grime, open the windows, and prepare your home for warmer weather and backyard barbecues. 

Inside Your Home

❏    Conduct Annual Spring Cleaning
Be sure to tackle those areas that may have gone neglected—such as your blinds, baseboards, and fan blades—as well as appliances, including your refrigerator, dishwasher, oven, and…

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How to Save Money on Gas in the Denver Metro Area

Gas prices got you down? You're not alone.

The Denver average for a regular gallon of gas went over $4.00 per gallon for the first time in more than a decade. Fuel prices have skyrocketed since the Russian invasion of Ukraine just 2 weeks ago, and there's no end in sight. "The higher prices this time will likely stay around far longer," GasBuddy's head of petroleum analysis, Patrick De Haan, tweeted. So how can you save money at the pump here in Denver?

Use Phone Apps like Gas Buddy for Real-Time Pricing

I just started using the Gas Buddy app, and it's already paying off. It pulls up every nearby gas station based on your real-time location and shows you every gas station nearby based on their gas prices. Install it from the app store on…

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March 2022: Denver Real Estate Market Update

If you need help navigating this market, call us at (303) 532-4742. Buyer fatigue is real at the moment, with lots of buyers giving up on their search. Sellers are getting bad advice, listing with no plan or execution. When you work with us, you are working with the very best Denver real estate agents. Don't leave such a huge financial decision to chance.

March 2022 Denver Market Update: 

Home Values at an ALL-TIME HIGH!

The February market continued to be jaw-dropping with record-high prices and ongoing low inventory. The average price for single-family homes was up 18% year-over-year to $738,961. Additionally, the median price for single-family increased to $634,747 - up 21% YoY.

Supply - Active Listings

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Add Value To Your Denver Home With These 9 DIY Improvements

Whether you’re prepping your Denver home to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home. For instance, real estate professionals estimate that a closet remodel can add $2,500 to a home’s selling price. 

The best part is, once you’ve secured the materials, most of these renovations can be completed over the course of a weekend. And they don’t require a lot of specialized skills or experience (remember, YouTube is your friend). So grab your toolbox, then get ready to boost your home’s appeal AND investment potential!

1. Spruce Up Your Landscaping

Landscaping improvements can increase a home’s value by 10-12…

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City Highlight: Castle Rock

When most people think of Colorado cities, Denver comes to mind.  Our ski towns get a lot of hype as well.  Most people have heard of Vail and Aspen.  This article is the first in a series about some of the more subtle towns around Denver.  Not everyone loves this big city lifestyle and that’s ok.  We have great cities in the front range with loads of charm and hidden gems. 

This week’s feature is Castle Rock.  It is one of the fastest-growing cities in Colorado.  The population is approximately 62,276 which is up almost 30% from the 2010 census.  Located 28 miles south of Denver and 37 miles north of Colorado Springs Castle Rock is the home to commuters from both cities.  Other than its central location, Castle Rock has a lot to offer.

Castle…

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