 |
|
Keeping you up to date on the pulse of the market and happenings in the Denver Metro area |
 |
|
Seasonality is in Full Force Despite rising interest rates, seasonal demand, and low inventory, the market is moving at a quick pace. The Denver Metro Association of Realtors(DMAR) released their February '23 market report indicating dropping inventory & rising prices - however, average days on market is increasing. Seems odd right? Approximately 2,000 of the 3,500 homes on the market are less desirable properties, causing the average days on the market to trend upward. However, median days on market dropped significantly from 34 to 25 - showing a quicker market than what most realize.
New listings were down 17.74% in February compared to February 2022, likely caused by the gridlock effect of homeowners staying put due to higher home prices and higher mortgage rates. Currently, sellers are in the driver seat if they have a quality property in a desirable location. My listing at 13735 W Exposition Dr showed very strong activity over the weekend - after 44 private showings, around 80 groups at 2 open houses, and multiple offers, my clients are under contract upwards of 9% above asking price. I've been hearing of agents competing against upwards of 10 offers on new inventory. Sellers, I recommend listing your property sooner than later if you want to sell this year. Buyers, I expect to have more selection in the coming months allowing for better terms negotiation in regards to inspection and price - however it will come with a higher mortgage rate if you are financing your property It's more important than ever to have an agent that understands these complexities to help you navigate this market. If you want a personalized consultation to deep dive into what market conditions mean for you and how to plan ahead, please reach out. |
 |
|
COLORADO CRIBS |
|
Click Listing Photo for more information about each property |
|
|
5 Bed // 4 Bath // 2,340 SF // $1,725,000 |
|
Curated Craftsman // Illuminated Interior Refreshed 1912 Harkness Heights Brick Craftsmen | ArcWest Architects & KLM Construction Design/Build | Open Concept Living Area | White Oak Flooring | Gas Fireplace w/ Brick Surround & Built-in Shelving | Beautiful Chef's Kitchen | Breakfast Nook w/ Custom Banquet | GE Cafe Appliances | Bosch Dishwasher | Large Mudroom w/ Custom Shelving + Workspace Area & Excess Storage | Newly Built 2nd Floor Primary Suite 2/ Oversized Windows | Spa-like EnSuite w/ Steam Shower + Soaking Tub & Heated Flooring | Large Walk-in Closet w/ Attached Double Laundry | Private Basement Guest Suite | Basement Flex Space/2nd Living Area | Outdoor Sanctuary w/ Large Patio & Wood Pergola | Gas Fire Pit | Sprinkler System | 2 Car Detached Garage |
|
|
4 Bed // 4 Bath // 2,870 SF // $1,400,000 |
|
Mountain Retreat // Luxe Log Cabin Custom Remodeled Log Home on 35 Wooded Acres | Reclaimed Wood Flooring | Vaulted Ceiling | Stone Fireplace | Restoration Hardware Lighting | Designer Kitchen | Custom Cabinetry | Honed Marble Counters | Seamless Appliances | Aged Brass DeVol Fixtures | Dual Primary Suites - Both w/ Private Outdoor Space | Lofted Flex Space | Large Deck w/ Expansive Views | Arctic Spa Hot Tub | Large Horse Barn & Corral | Tack Room | Domestic Well Use for Animals | 2 Car Attached Garage w/ Heated Floors |
|
DISCOVER MILE HIGH |
|
|
Denver's Newest Public Market This little Wheat Ridge gem is something to keep an eye on over the next few months. This will be an eye-catcher for the Applewood, Bellaire, Lakewood, and Denver West Neighborhoods. With plans consisting of diverse, Colorado-owned, small businesses that provide a wide range of experiences - the 59,000 SF space at 26th and Kipling will join the ranks of Edgewater Public Market, Stanley Marketplace, & Denver Milk Market known for their elevated retail & dining experience. |
|
Ester's Neighborhood Pub With 20+ beer taps dedicated to craft beer, most from right here in Colorado - you could say that the team at Esters is compromised of some of Denver's most enthusiastic craft beer industry professionals. Ester's was voted one of Denver's best sports bar by Thrillist magazine and offers up a seasonal menu, artisanal pizza, and crafty pub fare. |
|
Queen City Collective Coffee Denver natives Luke, Eric, And Scott Byington did their research when it comes to a delicately crafted cup of coffee. The brothers spent nearly a decade coordinating humanitarian programs, organizing research projects, and work with farms to create a sustainable future for the families and communities they work in. 'We believe everyone is welcome to this ragtag group because good coffee should build the collective good.' |
|
|
Em's Ice Cream Gone are the days of searching around town for the big yellow ice cream truck. Em's is well known for from-scratch ice cream, everything from the chocolate chips in their Mint Chocolate Chip to the chunks of chocolate chip cookie dough is made fresh in house. With a gluten free menu and some dairy free options, Em's has something for everyone. |
|
Bowling & Brews? Live Slow Brewing is reviving a favorite past time with a new and refreshing atmosphere. The brewery is keeping 6 lanes at the former 'Paramount Bowl' location, providing Denver with it's first Brewing-Bowling alley location. Live Slow will serve-up elevated pub favorites like the Rocky Mountain Hot chicken sandwich, an assortment of burgers, & fry stacks from the mind of chef, Scott Meis. [Opening April 2023] |
|
|
Little Brazil |
|
Illegal Pete's [Coming Soon] The beloved Boulder-based build-your-own-burrito chain is coming to Wheat Ridge. Owner Pete Turner plans to turn a 3,000 SF space in the marketplace into it's 12th location - and the first for Denver West. In tradition this popular local-hot-spot will serve up brews and burritos with indoor/outdoor seating. |
|
|
Rich Spirit Bagels [Coming Soon] Probably my favorite future addition to Gold's Marketplace is a new standalone bagel shop concept by Bakery Four. They have perfected the wild fermented bagel and will offer up bagels, brioche doughnuts and breakfast bagel sandwiches and fresh, local ingredients - and of course, baked to perfection. |
|
CONCERTS & EVENTS |
|
Click Images Below For Ticket Options |
|
|
|
|
MILE HIGH EVENTS |
|
|
|
SONG OF THE WEEK |
|
|
CLIENT SUCCESS |
 |
 |
|
Thank you for following along, feel free to reach out with any suggestions for what you'd like to see in future newsletters! Have a great weekend!!! |
|
|
|
|
|