Your Source For Metro Denver Real Estate News & Market Trends

Denver Realty Pro, LLC Real Estate Blog and News Source.

We are passionate about all things real estate. Our real estate market is always changing. Our blog covers everything from local real estate news, market statistics, home values and things happening across the metro Denver real estate market. We care about the community and love helping people find their place in it.

We always want to provide helpful content for our readers. If you have an idea for our Blog, please let us know. We'd love to hear from you! 

May 18, 2023

2023 Metro Denver Area Farmers Markets

Farmers Market Sign

Top Local Farmers Markets

Denver, Colorado and its surrounding metro area offer a vibrant and diverse selection of farmers markets. These markets are great places to find fresh, locally grown produce, artisanal foods, handmade crafts, and a lively community atmosphere. Here are some of the best farmers markets in the Denver metro area:

  • Union Station Farmers Market: Located in the heart of downtown Denver, this market operates from May to October and features a variety of vendors offering fresh fruits, vegetables, meats, cheeses, baked goods, and more. It's known for its convenient location and the stunning backdrop of Denver's historic Union Station.
  • Cherry Creek Farmers Market: Taking place in the upscale Cherry Creek neighborhood, this market is one of Denver's most popular and longest-running farmers markets. It operates from May to October and offers a wide range of products, including locally grown produce, artisanal foods, flowers, and specialty items.Produce For Sale at a Local Farmers Market in Colorado
  • South Pearl Street Farmers Market: Located in the historic Platt Park neighborhood, this market runs from May to November and showcases a mix of local farmers, food producers, and craft vendors. It's known for its relaxed, community-oriented atmosphere and offers a variety of fresh produce, prepared foods, and unique crafts.
  • Boulder County Farmers Market: Although not technically in Denver, the Boulder County Farmers Market is worth mentioning for its exceptional quality and vibrant atmosphere. Located in downtown Boulder, it operates on Saturdays from April to November and on Wednesdays from May to October. It features an abundance of organic produce, artisanal foods, flowers, and handmade crafts.
  • Golden Farmers Market: Situated in the charming town of Golden, just west of Denver, this market operates from June to October. It offers a selection of locally grown fruits and vegetables, as well as honey, jams, baked goods, and other artisanal products. The market is known for its friendly vendors and beautiful location near Clear Creek.
  • Highlands Farmers Market: Located in the trendy Highlands neighborhood of Denver, this market operates from June to September. It features a variety of local vendors offering fresh produce, artisanal foods, handmade crafts, and live music. The market's convenient location and vibrant atmosphere make it a favorite among locals.
  • Southlands Farmers Market: Located in the popular Town Square at Southlands Mall in Southeast Aurora. The market operates every Saturday from May 13th to the end of September. It’s a great location that offers plenty of shopping and dining options above and beyond the farmers market.
  • Downtown Lakewood Farmers Market at Bel Mar: Situated in the very popular Bel Mar shopping center, the market operates every Saturday from June 4th through September 24th. You will find a wide variety of produce, fruit, baked goods and local artwork to choose from among many other various items.
  • Littleton Southwest Plaza Farmers Market:  Taking place in one of the largest shopping districts in Littleton, this farmers market operates every Saturday from May 6th to October 28th.Woman Shopping at a Farmers Market
  • Highlands Ranch Farmers Market: Situated in the Highlands Ranch Town Center, this market features locally grown produce and fruit, baked goods, and many more items from over 30+ vendors. The market operates every Sunday starting May 7th and runs until October 29th
  • Castle Rock Farmers Market:  Located in beautiful Downtown Castle Rock at Festival Park. The market operates every Sunday from May 28th through October 15th. The city is always looking to highlight the best farmers, ranchers and artisans each year. Come spend some time at the market and explore all that Downtown Castle Rock has to offer.
  • Parker Farmers Market: Situated in Downtown Parker, this is one of the larger markets with over 100 vendors featuring plenty of produce, meats, dairy, food trucks, home and body products and much more. The market takes place every Sunday starting on Memorial Day and runs through Halloween.

These are just a few examples of the many excellent farmers markets in the Denver metro area. Each market has its own unique charm and offerings, providing visitors with a delightful experience and an opportunity to support local farmers and artisans. It's always a good idea to check the market's website or social media pages for specific dates, times, and vendor information, as these details may vary from season to season.

May 15, 2023

Maket Watch April 2023

April 2023 REcolorado Market Watch Graphic

Selling Season Underway Despite a Few Challenges

In April, homeowners opted to stay put rather than sell their homes, resulting in controlled inventory levels. The number of fresh listings hitting the market decreased by 29% compared to the same time last year, and the total number of new Denver Metro listings year-to-date was the lowest in more than 12 years.

Despite a 7% decline in home prices from the previous year, the median closed price of a Denver Metro home in April 2023 remained 10% higher than April 2022, as high demand and low inventory levels kept prices from falling. However, due to a lack of inventory and higher interest rates, there was a decrease in the number of closings in April, which is usually the peak period of the spring buying and selling season. However, buyer activity increased by 12% month over month, and the number of properties leased using the REcolorado MLS increased by 58% compared to last year.

The $500-$600,000 price range saw the most buyer and seller activity in April, with 747 home closings and 851 new listings brought to market. Properties in this price range stayed on the market for a little over a week. Inventory levels at the end of April 2023 were 166% higher than in April 2022. Gross sales volume decreased by 31% compared to the same period last year, due to a decline in closings.

April 2023 Real Estate Report

Denver Metro Real Estate Market Snapshot for April 2023
April 2023 Market Watch Full Report

April 2023 Denver Metro Real Estate Market Watch

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see all active, under contract, and sold homes within your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

We're here to serve all your real estate needs. Contact us today

April 20, 2023

Shopping For A Home For You And Your Pets

Things to Consider When Shopping For a Home When You Have Pets

Colorado has long been known as a big pet friendly state. Coloradoans love their furry kids. It’s no wonder why pets play such a big part when you're deciding what type of home to purchase.  

Here are some things to consider when purchasing a home with pets:

·        Outdoor space: If you have dogs, cats or any other outdoor pets, it's important to consider the size and layout of the outdoor space. You should ensure that there is enough space for your pets to play and exercise. Additionally, if the property has a fence, you need to check if it's secure and high enough to prevent your pets from escaping.

·        Flooring: Pets can cause damage to floors, so it's important to consider the type of flooring in the home. If you have pets that shed or have accidents, carpets may not be the best option. Hardwood, tile or laminate floors can be more durable and easier to clean.

·        Pet-friendly neighborhood: Look for a pet-friendly neighborhood that has parks, walking trails, and other amenities for your pets. Additionally, research any HOA or city regulations on pets and make sure you are comfortable with the restrictions and requirements.

·        Proximity to veterinary care: When you have pets, it's important to have quick access to veterinary care. Look for a home that is near a reputable veterinarian or animal hospital in case of emergencies.

·        Noise levels: Consider the noise level in the neighborhood and how it may affect your pets. For example, if there is a lot of traffic noise, it could be stressful for pets that are easily startled.

·        Safety concerns: Consider any potential safety hazards in the home that could be dangerous for your pets, such as sharp edges, toxic plants, or loose wiring.

·        Homeowner's insurance: Some insurance companies may charge higher premiums if you have pets, so it's important to check with your insurance agent before purchasing a home.

By considering these factors, you can ensure that you find a home that is safe and comfortable for both you and your pets.

April 17, 2023

Market Watch March 2023

March 2023 Metro Denver Area Market Watch

Spring Buying & Selling Season Underway...

March 2023 Recap

The spring home buying and selling season in the Denver Metro area has begun, with an increase in fresh listings of homes for sale and closings, according to REcolorado data. Homes are spending 16 fewer days on the market compared to last month. Buyer demand has increased in the first quarter of 2023, leading to a 5% increase in median closed prices for Denver Metro homes since January.

Pricing homes competitively is crucial in the current market, as 33% of all listings that closed in March had a price decrease. These homes closed at 90.5% of the asking price, while the original list to close price for all closed homes was 99.4% in March.

Rental market activity has also seen an increase, with 75% more new rental listings available in REcolorado MLS in March compared to last year. There was a 68% year-over-year increase in the number of leased properties, with the median leased price being 2% higher than last year.

Home closings in March increased for the second consecutive month, although they are lower than any March since 2014. The median closed price of a home in the Denver Metro area was 6% lower this March compared to last March, but prices have seen an uptick for the second consecutive month. Homes are sitting on the market for a median of one week longer than last year, but buyers are executing contracts quicker than in previous months.

The most active price range for home buyer and seller activity in March was the $500-600,000 range, with 800 homes closing and 998 new home listings brought to the market. However, overall gross sales volume in March was 21% lower than last year due to a decrease in sales. The active listing count at the end of March was 166% higher than March 2022.

March 2023 Real Estate Report

Metro Denver Area Real Estate Report March 2023 Market Snapshot

March 2023 Market Watch Full Report

March 2023 Denver Real Estate Market Watch Report

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see all active, under contract, and sold homes within your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

We're here to serve all your real estate needs. Contact us today

Posted in Market Watch
March 20, 2023

Market Watch February 2023

Denver Area Market Watch February 2023

Spring Buying & Selling Season Set to Start

The Denver Metro housing is seeing the typical increase in activity as the spring buying and selling season is set to kickoff. This year is no different. The data shows a 20% increase in new home listings brought to market from January to February. There were also 31% more closings during that same timespan. 

We also saw an increase in pending listings which is a good indicator how the next few months of closings will go. 

Buyer Outlook

Buyer activity showed the typical seasonal increase with many buyers trying to get a jump start on the busy spring buying and selling season. There were 18% more pending home sales then January. However, due to high interest rates and higher prices that number is still below other years. 

Forecast for Sellers

Available home inventory concerns will continue in 2023 as many sellers are in the "Lock-In" effect. Many sellers are not wanting to give up the lower mortgage rates that have on the home. Most are waiting to see what interest rates will do before they decide to list. This caused the number of new listings coming to market to be the lowest since February 2010. 

One positive note is after four months of declines in home values the median home price increased by 4% from January to February. Home values are down overall by 3% compared to this time last year. 

February 2023 Real Estate Report

Metro Denver Real Estate Market Snapshot Single Family Homes February 2023

Metro Denver Real Estate Market Snapshot Multi Family Homes February 2023

February 2023 Market Watch Full Report

REcolorado Denver Area Market Watch Feburary 2023

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see all active, under contract, and sold homes within your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

We're here to serve all your real estate needs. Contact us today

Posted in Market Watch
Feb. 24, 2023

Spring Cleaning Tips

Spring Cleaning Picture of Cleaning Supplies

Tips To Get Your Home Ready For Spring

Spring cleaning is a great way to freshen up your home after a long winter and get ready for the warmer months ahead. Here are some tips to help you tackle your spring cleaning:

  • Make a plan: Before you begin, create a checklist of all the areas in your home that need to be cleaned. This will help you stay organized and ensure you don't forget anything.
  • Declutter: Get rid of anything you no longer need or use. This can be a great opportunity to donate or sell items you no longer want.
  • Start from the top: Begin cleaning from the top of your home and work your way down. This will prevent dust and debris from settling on areas you've already cleaned.
  • Dust everything: Dust all surfaces, including shelves, window sills, and light fixtures. Use a microfiber cloth or a duster to ensure you capture all the dust.
  • Deep clean carpets and rugs: Vacuum carpets and rugs thoroughly, and consider renting a steam cleaner for a deep clean.
  • Clean windows and mirrors: Use a glass cleaner and a lint-free cloth to clean windows and mirrors. Make sure to clean both sides of the windows.
  • Scrub bathrooms and kitchens: These are the areas that tend to accumulate the most dirt and grime. Scrub the sink, toilet, shower, and bathtub in the bathroom, and clean the stove, oven, and refrigerator in the kitchen.
  • Launder linens: Wash all bedding, towels, and curtains to get rid of any dust or allergens.
  • Organize your belongings: Reorganize your closets, drawers, and cabinets to make the most of your space.
  • Finish with a fresh scent: Use an air freshener or burn a scented candle to give your home a fresh, clean scent.

Remember to take breaks as needed, and don't try to tackle everything at once. Spring cleaning can be a big job, but it's also a great way to start the season off on the right foot.

Download our helpful Spring Cleaning Checklist to keep track of your progress! 

Denver Realty Pro, LLC Spring Cleaning Checklist Page 1

Denver Realty Pro, LLC Spring Cleaning Checklist Page 2

 

Posted in Home Care Tips
Feb. 19, 2023

Market Watch January 2023

January 2023 Market Watch Denver, CO

Strong Start To The Year

The Denver Metro housing market experienced a strong start to the year with an uptick in both buyer and seller activity. Pending listings increased nearly 50% from December 2022, indicating increased closings in the upcoming months.

Standing inventory, or the number of home listings actively available for sale at the end of the month, returned to pre-pandemic levels in January. Buyers have more inventory to consider and are taking their time to execute offers.

Although sellers brought 69% more New Listings to the market than we saw in December, inventory levels remain low, especially in the more affordable price ranges.

Median Closed prices have been declining steadily following their peak in the spring of 2022. They dipped again in January and are now 14% lower than the 2021 peak. Home prices are staying in check as buyers exercise their negotiating power. In January, the median closed price was 4% lower than the median list price.

The metric for Days in MLS, which is the number of days it takes a listing to go from Active to Pending, shows home shoppers are taking their time to make home-buying decisions. In January, shoppers took a median of 5 weeks to execute a contract on a home.

If you're in the market to purchase or sell real estate in 2023, make sure to give us a call. We would love the opportunity to assist you with your real estate needs. 

January 2023 Real Estate Report

Metro Denver Single Family Market Report January 2023

Metro Denver Multi Family Market Report January 2023

January 2023 Market Watch Full Report

Market Watch January 2023 Full Report

Curious about what’s happening in your neighborhood? 
You can create a custom market report to see all active, under contract, and sold homes within your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

 

We're here to serve all your real estate needs. Contact us today

 

Posted in Market Watch
Feb. 2, 2023

How Interest Rates Impact The Real Estate Market

Interest Rates and Real Estate

The impacts from historic inflation continue to be felt by consumers especially when filling up your tank or going to the grocery store. As the Fed continues to raise interest rates to tamp down inflation, the impacts can also be felt in the rates you pay on your credit cards as well as the rates lenders charge to purchase or refinance real estate. 

Chart showing mortgage rates and a home and keys Interest rates play a significant role in the real estate market. 

The following are some ways that interest rates can impact the real estate market:

  • Home affordability: When interest rates are low, it becomes more affordable for people to buy homes as the cost of borrowing money to purchase a home is lower. On the other hand, when interest rates are high, it becomes more difficult for people to afford to buy homes.

  • Home sales: Low interest rates can stimulate home sales as more people can afford to buy homes, which in turn can drive up demand and prices. High interest rates can have the opposite effect, slowing down home sales and dampening demand.

  • Refinancing: Low interest rates can encourage homeowners to refinance their mortgages to take advantage of lower monthly payments and lower borrowing costs. This can free up some extra cash for them to spend, which can boost the economy.

  • Investment: Low interest rates can make it less attractive for investors to invest in bonds and other fixed-income securities, causing them to look for alternative investments like real estate. This can drive up demand and prices for real estate investments.

Overall, interest rates play a significant role in determining the health of the real estate market and can have a significant impact on home sales, affordability, and investment. 

Rates are always changing so it is important to stay informed on the current rates and market conditions. 

If you're thinking about purchasing a home in 2023, make sure to give us a call. We would love to sit down with you and come up with a strategy to help you reach your real estate goals. 

Jan. 28, 2023

Southeast Recreation Center and Fieldhouse Aurora, CO

Aurora Celebrates the Grand Opening of Their Newest Recreation Center

The city of Aurora, CO recently celebrated the addition of their newest facility, the Southeast Recreation Center and Fieldhouse. This new facility located just west of the Arapahoe County Fairgrounds at 25400 E. Alexander Dr. Aurora, CO 80016 is a welcome addition to one of the fastest growing areas in Southeast Aurora. 

The state of the art facilty includes a gymnasium with basketball courts and  pickleball. There is an indoor soccer field plus an indoor pool with Splash Park, lap pool, lazy river and water slide and hot tub. There is also plenty of cardio and fitness equipment as well as free weights to enjoy. 

Another great feature is the indoor walking running incline track which spans the entire facility. There is also a multi-use studio available to use. 

The facility offers both youth and adult soccer leagues as well as swimming lessons and basic and specialty fitness classes. 

There are plenty of youth programs including after school clubs kids can enjoy designed to be both fun and educational. Themes change on a quarterly basis so make sure to check the website for full details.

Rec Center Pricing Brochure V3 Website (002)_Page_1

Membership varies from day passes to full membership. You can pay annually or you can utilize their EZ payment plan. Monthly and 10 visit passes are also available. 

The best news is when you purchase one pass you get access to all six of the recreational centers across Aurora. 

If you have been ready to get going on your New Year's Resolution make sure to stop by and visit this amazing brand new facility! 

Posted in Area Events
Jan. 24, 2023

GREAT NEWS for First Time Home Buyers!

First Time Home Buyer Loan

Improved Mortgage Rates 

If you've been dreaming of home ownership but thought it was out of reach, we have great news for you! Fannie Mae and Freddie Mac have recently made adjustments to the way mortgage interest rates are determined for first time home buyers.

Young Couple Buying Their First HomeFannie/Freddie have waived ALL rate adjustments (Loan Level Price Adjustments LLPA) for first time home buyers at or less than AMI (Area Median Income) or in counties that are High Balance Loan eligible of 120 AMI. The LLPA is a fee that can be added to a loan to reflect the perceived risk of that loan.

By removing this fee on certain loans, Fannie Mae and Freddie Mac have made it less expensive for first time home buyers to buy a home. This will make home ownership more accessable for first time buyers as well as lower-income borrowers. 
What Does This Mean For You?

Lower interest rates because:

  • No adjustments for a low FICO score 
  • No adjustments for lower down payment 
  • No adjustments for condos

What's the catch? 

  • You must be a first time home buyer (Can't have owned real estate in the past 36 months)

Plus... In the Metro Denver counties (Denver, Jefferson, Douglas, Arapahoe, Adams and Broomfield) you can't make more than $141,398 in annual income. 

  • Places like Boulder, Summit and Eagle county income limit is even higher.  

What if you don't buy in one of these counties?

The income limits become $117,832

The best news is this change is effective immediatley! 

Denver Realty Pro, LLC works with some of the BEST lenders in the Metro Denver Area that would love to discuss loan options with you. Please call us today and we will start the process.