Denver, CO Real Estate News

By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 The Denver real estate market usually starts with a flurry either January or February, and this year again we were faced with razor-thin inventory.  Buyers were in multiple offer situations UNTIL COVID reared its ugly head in our State in March.  We were seeing new listings come on, then the Attorney General said we no longer were able to show homes.  In May sales were again in full force, and we saw more homes going pending (by far) than new listings coming on the market.  Usually by August parents are preparing their children to return to school, and sales slow down, but it barely did so this year.  The interest rate is unbeatable right now. For the month of August, the days in MLS decreased to only 23 days.  The sales increased 11.6% over last year's sales, and decreased a bit over ...
Comments 6
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Starting Monday 9/21/2020 passengers will be allowed to start riding the N Line.   This segment of the light rail was expected to be complete back in 2018, but RTD did complete this line way under budget.  This rail line will take passengers from Union Station in downtown Denver up to the North as far as 124th. 
Comments 8
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Typically builders have a preferred lender, and if a Buyer uses this lender, you will have some of your closing costs paid.    The most recent contract with a builder was giving $7500 towards closing costs. Be sure to ask what their current interest rate is, and approximately what their fees will be.  Also, call another lender (maybe the REALTOR's suggestion) and get another estimate to know whether you want to go with the Builder's lender or not. I went over the LE (Loan Estimate) with my Buyers, and they sure add a bunch of what we (REALTORS) call junk fees.   Most of my lenders do not charge an origination fee or processing fees. Buying a brand new home from a Builder, you will be paying fees you normally would not pay if buying a resale home.   In the end, my Buyers did stay with t...
Comments 42
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Everyone around here is talking about this WACKY weather.   Someone on Next Door asked where the fire is, as they could smell strong smoke smell.   (We have lots of wildfires right now - who knows?)  We hit a 100 yesterday, breaking past record highs, and today could be the same.   Tuesday the forecasters are predicting 3-6" of snow.  REALLY?  Will it stick? Be sure to read the - WINTER STORM WARNING..... So, on my radar app, is shows where the fires are, and found none nearby, but this is what was on my weather app.   OH MY, most likely will never see this again!   Only in Denver.....   
Comments 16
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Denver has been touted as one of two cities that have done the best in rebounding after COVID, and with razor-thin inventory, it has made for a very strong Seller's market once again.   I know after 5/8 when we were allowed to show again, it was "off to the races", and all summer was very busy! Our inventory in the eleven-counties within the Denver metro area has seen a 41% drop in inventory from this time last year.    Maybe due to nervous homeowners not wanting buyers coming through their homes, especially if anyone has compromised systems.    Our new average sales price in Denver has set an all-time record high of $606,330.   This has made it very difficult for our first-time buyers to get into a home.   With the low-interest rates (below 3%), buyers are finding they can buy more ho...
Comments 14
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 The Denver real estate market usually starts with a flurry either January or February, and this year again we were faced with razor-thin inventory.  Buyers were in multiple offer situations UNTIL COVID reared its ugly head in our State in March.  We were seeing new listings come on, then the Attorney General said we no longer were able to show homes.  In May sales were again in full force, and we saw more homes going pending (by far) than new listings coming on the market.For the month of April, most of the Denver metro area was not allowing "in-person" showings, which led to many withdrawn listings, and hundreds less listings each week.  Beginning 5/8, all counties in the Denver metro area once again were able to show, and listings hit the market daily.    For the month of July, the d...
Comments 6
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 I always sleep with my bedroom window open, and BOY, yesterday morning it was like camping when I woke!    It was 41 degrees, as a cold front came through Denver and was a pleasant day with temperatures in the mid-70's.   What a relief from all the 90's we have had in August!   We even saw a few sprinkles, and enjoyed sitting on the patio last night! The mountains have seen a few snowflakes, so that is a sign too.   It will be time soon to plan a "leaf peeping" trip into the mountains. Today is expected to be 80, and a bit of a roller coaster this week - some 80's and some high 90's.   I do believe the season is a changin.....  
Comments 26
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 A Luxury Home can be identified differently in cities across the country, but in Denver, my Luxury blog posts will report on detached single-family homes listed in the Denver metro area over $1 million.   Some have mountain  and/or city views, some back to a golf course or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated with products from around the world, and some have expansive square footage or on acreage.     Whatever a Buyer is looking for, most likely if you have over $1 million, you can find it in Denver or in the surrounding suburbs.    Since March when COVID hit the Denver area, we saw sales in every price range drop.   June 2020 saw a significant increase, but July we saw activity exceed the normal. Here is how the lu...
Comments 12
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Ever since we were able to show homes again (after 5/8) the real estate market exploded in Denver.   Homeowners were still nervous about putting their homes on the market with potential buyers (that may have COVID) coming through their homes, which left us with a razor-thin inventory. For months now we have seen 1200-1300 new listings come on in a 7-day span, and over 2000 go pending, leaving our market in a very strong Seller's market.   Finally today I noticed that we don't have as many going pending.  Pretty sure it is because most schools will begin this coming Monday.   Usually, August is a slower month, but was not late July or even earlier this month. This data is for the last 7 days. 
Comments 4
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 The news stated today that Colorado is the dryest state right now.  We have not seen any measurable rain for some time and can really tell.     We currently have ten wildfires raging in Colorado, and the air is so permeated with smoke, the air quality has been poor for a few days now.   There is one outside Grand Junction which has been blamed for all the smoke in Denver.   So far almost 24,000 acres have burned, and only 7% contained.   We really need some rain badly! I was showing acreage yesterday, and all you could smell was smoke, and the mountains were not very visible.   You really have to look hard to see them!   
Comments 10
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 When Buyers decide to relocate, it is best to have all your "ducks in a row" before you come into town to view homes.  If you will be financing a home, be sure to have your pre-approval complete.     There is a chance if you do not have a pre-approval, your offer will not be considered.   Sellers (and listing agents) want to be sure the buyers are capable of purchasing the home.   If the purchase will be cash, proof of funds will be needed. Do you have a home in your home State?    Will you need to sell this home in order to buy the new home, or can you buy non-contingent?    This is very important!   If a buyer needs to sell, the home should be pending prior to making an offer on the new home.    If a home has been on the market for quite some time, and the market you are moving to is...
Comments 20
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 It is that time of year once again where we see afternoon storms pass over Denver almost every afternoon.   Some areas are spared, some are hit hard with rain and/or hail.   Yesterday there were even tornado warnings around Colorado Springs. Lightning was plentiful, even if there wasn't much rain.   According to the experts, lightning rarely will strike someone directly.   The lightning usually hits another source, like a tree, and then transferred to a person under the tree.    You are safe in a car, and in a home.  However, if lightning hits a home, stay away from the plumbing, that can transfer also. We are ranked 19th in the Country for the number of lightning flashes that hit the ground, and tied for 7th for the amount of fatalities from lightning.   Below find the chart of how yo...
Comments 10
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 It is wonderful to again have our restaurants open for business, even with 50% capacity!   Every other table/booth must be empty, to keep with the social distancing rules.    The servers and staff must wear masks, and ask that the patrons do so also until their food arrives. It is best if you can dine on the patio if it is offered, and room. As we get back to "normal", nice to again see that our local businesses can get back to work, and hopefully our unemployment numbers will decrease!  
Comments 10
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 The Denver real estate market usually starts with a flurry either January or February, and this year again we were faced with the razor-thin inventory.  Buyers were in multiple offer situations UNTIL COVID reared its ugly head in our State in March.  We were seeing new listings come on, then the Attorney General said we no longer were able to show homes. For the month of April, most of the Denver metro area was not allowing "in-person" showings, which led to many withdrawn listings, and hundreds fewer listings each week.  Beginning 5/8, all counties in the Denver metro area once again were able to show, and listings hit the market daily.    For the month of May, the days in MLS increased from 20 to 23 days, which is amazing considering the Virus situation.  The sales decreased 44.2% ov...
Comments 12
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Buyers coming into Denver, or buying their first property always have this question.   Most people have at least one pet, so this is a fair question.   In the Denver metro area, almost all condo buildings accept pets.   Some have a size restriction, some limit pets to two in a condo, and there are a few that do not allow pets of any kind.    In each listing, it will state if there are pet restrictions, so you don't fall in love, then find out there are restrictions.  In some condos downtown, there are areas on a certain floor, so you can take the pup for a walk, but must clean up after them. Looking for a condo in Denver - check out these listings for sale.    
Comments 26
By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Our team continues to be very active in Southmoor Park Denver. The demand for Denver Homes remains extremely high as Buyers continue their struggle to find available homes. We know the tough market is causing a headache for many buyers. We wanted to post some of the most recent numbers here.Some of the Neighborhood's Data Points: There are Currently 6 active Southmoor Park Homes on the market. There are currently 2175 active Denver Homes on the market. Under contract Southmoor Park Homes on the market: 11. Under contract Denver Homes on the market: 1898. There are 2 Denver foreclosures on the market. Average prices decreased $4,132.00 over the last year from $558,311 to $562,443. We will continue to watch this area and report the numbers here. Hopefully we will see an upward trend in th...
Comments 2
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 A Luxury Home can be identified differently in cities across the country, but in Denver, my Luxury blog posts will report on detached single-family homes listed in the Denver metro area over $1 million.   Some have mountain (snow-capped now) and/or city views, some back to a golf course or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated with products from around the world, and some have expansive square footage or on acreage.     Whatever a Buyer is looking for, most likely if you have over $1 million, you can find it in Denver or in the surrounding suburbs.    Over the last few weeks, some counties have opened up showings, and the last two counties will expire this coming Friday 5/8.   We saw an abundance of new listings this ...
Comments 8
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Although we have seen a lot of snow this year, and the drought factor is not as high as in past years.    Even with this news, the Denver metro area will be under restrictions for lawn watering starting May 1st. ~ Water your lawn no more than 3 days per week~ No watering lawns during the hours of 10 am to 6 pm~ No watering when it is raining or when experiencing high winds. We are hoping next week brings some rain to the Denver metro area!   
Comments 26
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
  The 26th Annual Furry Scurry will be held this year virtually due to the pandemic.   The walking is real, but the community is virtual! Instead of coming together on May 2 to walk as a community supporting the League, in the Virtual Furry Scurry, you choose the time and location a park, a trail or a neighborhood path and still enjoy being outdoors while helping the animals in our care!      Funds raised at this event allow the Dumb Friends League to provide medical care to sick or injured animals, provide behavior training that allows pets to be adopted more quickly, investigate cases of animal cruelty, and much more.   This is the Dumb Friends League's biggest fundraiser, so let's not let them down! .79 of every dollar donated went to animal care services, education and outreach. Reg...
Comments 14
By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Several of you have reached out recently regarding Cheesman Park Denver Condos. As we continue to see record high demand for Denver Condos, we are searching the MLS daily for new homes and updating our clients on sold prices. This week, we created this analysis for one of our homebuyers and thought it worthwhile to post the information here as well.Market Statistics: Active Cheesman Park Condos on the market: 16. Active Denver Condos on the market: 602. There are 8 under contract Cheesman Park Condos on the market. There are 276 under contract Denver Condos on the market. There are 1 Denver foreclosures on the market. Average prices increased $25,580.00 over the last year from $409,227 to $434,807. We love seeing positive numbers, and any chart showing year-over-year increases is welcom...
Comments 1
Explore Denver, CO
Denver, CO Real Estate Professionals