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)
 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...
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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...
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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!  
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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...
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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.    
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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...
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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 ...
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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!   
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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...
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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...
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By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 Our latest Stay at Home Order was through 4/26, and I truly thought it would be extended, but our Governor yesterday said real estate brokers may again start showing homes.   No open houses, but in-person showings will be allowed.   We have to maintain social distancing, wear masks, disinfectant wipes and booties will be needed.  Our restaurants will be able to open after May 1st, but the placement of tables will need to be further apart.   Hair salons will be able to open, but everyone must wear a mask.   Nail salons will open, and masks will be needed. Offices will slowly open but are urged to work from home if it is convenient.   Parks will open, and the social distancing will still need to be adhered to.  My fear will be some of the companies that closed, won't open again, and that...
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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.  We were seeing new listings come on, then the Attorney General said we no longer were able to show homes. For the month of March, the days in MLS decreased from 39 to 30 days, which is a reflection of how strong our market was.  The sales increased 2.4% over last year's sales, and up over last month's sales also.   The number of homes that went under contract increased substantially from last month. Since the new Order went into effect, we saw many homeowners remove their homes from the market, which are showing as "withdrawn", meaning there is an acti...
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By Jessica Wilkie, Broker Associate
(Brokers Guild)
It was shaping up to be a banner spring market… until March and the virus started to take hold. Many would-be sellers are waiting this out — we had a high number of withdrawn listings by the end of the month and many on hold. If homes are occupied, it’s probably the best way.  So inventory is lower than it would be, but it’s still up about 4% over last year.  While many buyers are on hold too, it appears that the new listings coming on are going under contract, many in 10 days or less. Demand is keeping up with supply. Some buyers may be taking advantage of the ridiculously low rates on home loans (and Fannie Mae’s recent increase on conventional loan limits, now up to $510,000 for non-jumbo terms). There’s great buying power in this market — and less competition.  There’s no doubt a r...
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By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Several of you have reached out recently regarding Observatory 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: Currently active Observatory Park Condos on the market: 5. Currently active Denver Condos on the market: 615. There are 2 under contract Observatory Park Condos on the market. There are 304 under contract Denver Condos on the market. There are 1 Denver foreclosures on the market. Average prices decreased $13,044.00 over the last year from $413,056 to $426,100. Keep reading our blog for the latst market stats as we will c...
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By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
  Happy Easter to all my ActiveRain friends!      The weather is really cold this morning hovering at 19 degrees this morning (yesterday was 70), with light snow.   No Red Rocks services, which is very strange.   In past years some services have been canceled due to the weather, but this year due to COVID-19.   This is a tradition in Denver many enjoy attending every year.  For children, Easter is a day of Easter eggs, maybe a new outfit and shoes, but it is also a day of celebration and family reunions.     Hope you are able to spend some quality time with family and/or friends today.  HAPPY    EASTER  
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By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 For decades now, I have said loud and clear - I could be a walking billboard for the Denver metro area!   I love where I live, and could not imagine living anywhere else!    I was not born here, but moved here when I was five, and lived elsewhere for about 4 years, so I am just about a native after living here for at least 50 years! It is a known fact, living in Denver you will enjoy the outdoor life, either in the City at various attractions/parks or up in the mountains.   We enjoy a bit less than 300 days of sunshine but do enjoy all four seasons.  (sometimes all 4 within a day or two...)    We can have 70-degree weather in December, and a foot of snow in May, you just never know!    We get used to the roller coaster weather, and rather like it!   I like it because we have very low h...
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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.    With the current Coronavirus, Colorado has a "Stay at Home" order, and many homeowners are not allowing showings at this time.   Some are vacant and will allow them, and...
Comments 8
By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
 It was nice to hear stores around the Denver metro area felt our seniors needed time to shop and without the hoards of people of all ages to keep them safe and healthy.   Below you will find the store hours dedicated to seniors over the age of 60.    (One good thing about being over the age of 60!) Dollar GeneralDollar General has dedicated the first hour of each business day to senior shopping. Click here for locations and store hours.King Soopers King Soopers will reserve 7a – 8a on Mondays, Wednesdays and Fridays for senior customers. Click here for locations and store hours.SafewaySafeway is going to reserve store hours for seniors/at risk shoppers on Tuesdays and Thursdays 7am-9am. Click here for store locations and hours.TargetTarget stores nationwide will reserve the first hour ...
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By Kevin Mackessy, Dedicated. Qualified. Local.
(Blue Olive Properties, LLC)
St. Patrick’s Day has just passed and it is one of the yearly celebrations that surround a night (or several) of partying and drinking with other enthusiastic people.  You don’t need to drink to have fun on this day, but a lot of people use it to really let loose.  We will be conducting showings for our Denver property management portfolio as always, so no time for any of that.  But there are some facts we would like to share, that help support the idea that everyone is Irish on St. Patrick’s Day.  Irish American’s history stretches back to the Colonial era, and a vibrant set of facts has been immortalized by historians and the U.S. Census Bureau.  22 of the US presidents had Irish Roots and Andrew Jackson was the only president who had two parents born in Ireland.  9 signatories of the...
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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.  There still was a decrease in inventory this month, but February did see more snow than normal.   The days in MLS decreased from 45 to 39 days.  The sales increased 5.6% over last year's sales, and up over last month's sales also.   The number of homes that went under contract increased substantially from last month.  We are seeing in a 7-day period, more homes going pending than are coming on the market right now.The following data is courtesy of Joan Cox - House to Home, Inc. Denver saw a decrease in active listings, and we have .6% less new listings than we did this time in 2019.   The pending ...
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