First time home buyer? Moving from out-of-state? Looking for your next great investment? Our home buyer tips cover all that and more!

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…

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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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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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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…

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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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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. 

City Highlight Castle Rock Colorado

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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In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle. Maybe you are looking for something smaller, or just looking for something the "right-size." Or perhaps you just need a different floorplan like a Ranch or something with less maintenance like a Denver Patio Home.

Five Step Strategy for Downsizing Your Denver Home This Year

In fact, the advantages of downsizing are being increasingly recognized. A “tiny house movement” has gained passionate advocates who appreciate the benefits of living simply at any age and stage of life. Not only does a smaller home…

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Contemplating dipping your toe in the market? Tired of paying rent? Wondering how to get started? You can watch hours of HGTV, talk to friends & family, read blog articles, consult social media, etc.  With so much information to sift through, it can be tough to distinguish fiction from fact. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.

Buying a home is a big decision, but it doesn’t have to be a scary one. If you arm yourself with knowledge and a qualified team of support professionals, you’ll be well equipped to make the right choices for your family and financial future.


DON’T FALL FOR THESE COMMON HOME BUYER MYTHS

Myth #1: You need a 20% down payment.

Plenty of buyers are…

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Well, the secret is out. It seems like everyone loves Denver these days. At least everyone is moving here (Denver is a top 5 Real Estate market in the US). So, if you haven't fallen in love with Denver yet, here are 101 reasons why you should. And when you finally decide to make that move to the Mile High City, give the top-rated Denver real estate agents a call.

101 Reasons to Fall in Love with Denver 2022

  1.        Voodoo Doughnuts (and the world-famous bacon maple bar)
  2.        Is there a better place to live during a pandemic? It is an outdoor haven, and there’s something about that fresh Mtn air that just makes things feel better.
  3.        Washington Park on a summer's day
  4.        The best place in the world to see a concert is, Red Rocks Amphitheater
  5.        Whitewater rafting is…

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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.

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

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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