Real Estate Blog - Ryan Penn

Take a Tour of the 2022 Mighty Millions Raffle Home in Montane

The last true Parade of Homes in Denver was in Solterra back in 2008. Since then, it's really been used to showcase different new build communities and the model homes for each. Are you looking for an actual Parade of Homes type experience? Look no further than the Mighty Millions raffle home for 2022. The home is located in Montane, an enclave of luxury homes near Red Rocks in Morrison.

The advertised value of this year's home is 2.5M (but I think it would be seller closer to 3.5M). It's a custom home built by Ades Design and includes many of the over-the-top design elements usually reserved for Parade of Homes.

This custom luxury home in Montane includes:

• Over 7,000 sq. ft. of fully furnished, professionally decorated living space
• 6…

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February 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.

February 2022 Denver Market Update: 

January 2022 ushered in continued low inventory coupled with the anticipation of rising interest rates. Prices remain high, up 9% for single family homes over this time last year. Anecdotally, we hear that housing competition remains fierce and that available homes are quickly going under contract. It will be interesting to see if inventory will increase earlier…

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Make Your Own Home More Like an Inspirato Residence

Inspirato is a private vacation club that allows its members access to its portfolio in 175+ destinations and includes over 900 vacation options (and Inspirato Pass offers more than a million luxury vacation options for $2,500/month). Their homes are incredible, like this $8.7M standalone home just a five-minute drive from downtown Aspen and ski lifts, or this stunning villa in Sonoma overlooking surrounding hillsides and local vineyards. They have epic destinations like this all over the world (someday I will book Villa Pliniana in Como di Lago Italy, someday).

What makes Inspirato so unique is the travel experience, both before you ever leave, once you arrive - and during your stay. Their hallmark is the consistency of their homes no matter the…

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7 Popular Home Design Features for 2022

There's a lot to consider when selling your Denver home, from the real estate market and appraisals (to where you'll go next). However, one key factor that is often overlooked is overall home design. It's usually one of the first things buyers notice when they walk into a home, and it's also a detail that you, as a seller, can easily control.

According to Realtor.com's 2022 housing market forecast, home for-sale inventory is supposed to increase from last year, as will the projected number of overall sales. This is welcome news to Denver home buyers facing the worst inventory in recent history, battling all-cash offers - and pending interest rate increases.

You don't have to go at this market alone. We are a team of top-rated Denver real estate…

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One Perfect Day in LoHi

LoHi is short for the "Lower Highlands" neighborhood located just west of the central downtown area. Technically speaking, it's the neighborhood that is sandwiched between LoDo and the Highlands, or for those who are more familiar with the streets of Denver, the area that extends south of Platte Street, across I-25 and blends into 32nd Street. 

LoHi has quickly become your Denver destination for some of the best restaurants and bars in the city. The overall vibe is more San Francisco than Denver, and the area's hills certainly add to that feel. Those hills also lend to some of the best views of the Downtown area you will find anywhere.

 Photo courtesy of Linger Facebook page

LoHi has been a significant focus for new development,…

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Tips for Keeping Track of Paint Colors & Easy Touch-up Painting When Selling Your Home

As a homeowner, it's inevitable that at some point you will need to do some touch-up paint. Whether it's covering a hole from an unmounted picture, or the scuffs and scrapes that walls and baseboards take along the way. And when you sell your home, doing a little touch-up paint (and wall cleaning) will go a long way to show that you're a responsible homeowner.

And nowadays, the average home has at least 3 different paint colors adorning the walls. When you add in trim and ceiling colors, and different sheens used in different rooms (like bathrooms for instance) - it can all be a challenge to keep up with. . Following are some simple tips to keep track of your paint colors, match existing paint colors, or clean scuffs off walls and trim.

How to…

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New Year, New Home? Set Home Ownership Goals for 2022

The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. It's a great opportunity to wipe the slate clean, and have a fresh start in a new year.

But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2022. The Denver real estate market is predicted to be firecracker hot again in 2022, so buckle your seat belts and get ready for another crazy year.

Homebuyers, is this the year you work to improve your credit score, pay down some debt, or save for a down payment?

Home sellers, we’ve laid out plans for you to get top dollar for your property,…

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The Best Places to See Holiday Lights in Denver

Holiday light shows are a great way to experience the holidays with friends and family. Denver is home to many free (and paid) ways to see holiday light displays. Most of the shows below are free, and we are also including three that are absolutely worth buying tickets for. We hope that everyone will enjoy the Denver holiday light shows, let us know your favorites!

Denver

Denver Zoo Lights

Denver Zoo lights with two million LED lights sparkling over 80 acres and delights around every corner, Zoo Lights is Denver’s wildest holiday gathering. Outdoor animal viewing during Zoo Lights is limited to cold-weather species such as Amur tiger, Bactrian camel, Przewaskli’s horse, and most of our pachyderms. But our Tropical Discovery building will be…

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To Build a New Home or to Buy an Existing Home, That is the Question

Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale. 

In Denver, high demand and low inventory continue to be the themes in the metro area residential housing market. In fact, we saw a 9% increase in pending sales during October as compared to September, underscoring that buyers are still out there and not slowing down. In terms of inventory, prospective buyers have even less inventory to choose from with only 3,122 active listings available.

Given the limited number of available properties, if you’re a buyer in today’s Denver Real Estate market, you may need to expand your search to include both new construction and resale homes. But sometimes can feel a little like comparing apples to oranges, and new…

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Questions to Ask Your Home Inspector

You're under contract on your new home, earnest money has been delivered - and now it's time to schedule your home inspection (yikes!). The home inspection is the most critical step for most home purchases, as you will almost always find issues (we have yet to see a perfect home inspection report). Even new construction homes can have many significant issues that could cost thousands in future repairs. 

If you are working with one of our top-rated real estate agents, they can send you a list of their recommended inspectors so you can do your own research before selecting one. Online reviews are also very important, look at the most recent reviews to see how they are performing recently. And if your agent has recommended not getting a home inspection,…

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