July 2022 Denver Market Update

June data indicated that the Greater Metro Denver market is returning to more "normal" levels across inventory, percent closed to list price, and days on market. Pricing was still very high when viewed historically with the median sales price at $666,963 for June - while this is only a 0.1% increase when compared to last month it is an 11.2% increase when viewed YoY.

Active listings came onto the market, indicating that sellers still seek to profit from the recent buying frenzy. But, demand is down when compared to May 2022, and days on market continued to increase.

Supply - Active Listings

Continued good news for buyers is that active listings increased 44.2% when compared to…

1157 Views, 0 Comments

Read Full Post

Fireworks are back this year in full force, and we can't wait! This year it will be extra awesome with several fireworks shows all across the Denver metro area (and Front range). With the 4th falling on a Monday this year, we've all weekend to enjoy BBQs, family, friends, and FIREWORKS! Go America!

With the holiday falling on a Monday this year, most of the more giant fireworks shows will be on Monday the 4th! Some trends to note this year, some shows have been canceled due to fire danger, so make sure to reference your favorite show to ensure they will have real fireworks. Some communities have gotten creative, replacing fireworks with laser shows (Winter Park) or LED drones (Vail). Most of these events start in the morning.

We've listed every…

2054 Views, 0 Comments

Read Full Post

June 2022 Denver Market Update: 

May numbers indicate a slight cooldown of the red hot Greater Metro Denver market. The average close price was up when looking at year-over-year but dropped 2.1% when compared to April. The median sales price landed at $668,000 for May - a 1.6% decrease when compared to April.

Demand remains robust with pending listings up 12.9% when compared to April, further underscoring that Metro Denver remains a desirable place to live. And, buyers are likely feeling some (slight) relief with average days in MLS ticking up 12.5% when compared to last month to 9 days.

Key highlights for May are below.

Supply - Active Listings

Active listings are just above 2021 levels but did see a decrease of 3.5% when compared to…

1043 Views, 0 Comments

Read Full Post

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.

…

745 Views, 0 Comments

Read Full Post

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.

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

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…

2028 Views, 0 Comments

Read Full Post

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.

Happy Camper Denver


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 &…

1521 Views, 0 Comments

Read Full Post


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…

1309 Views, 0 Comments

Read Full Post

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…

1219 Views, 0 Comments

Read Full Post

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. 

The Ultimate Spring Cleaning Checklist for Denver Area Homes Cleaning

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…

1363 Views, 0 Comments

Read Full Post

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?

where to find the cheapest gas in denver co


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…

1335 Views, 0 Comments

Read Full Post