Colorado Real Estate News

10 Events to Attend This Labor Day Weekend

This Labor Day weekend, give summer a proper send off! There are a endless opportunities for fun, so be sure to make the most of it! Here are a few of our favorite events happening around town this weekend.

Colorado’s State Fair

When: August 24th – September 3rd
Where: Colorado Stats Fairgrounds

Americans love a good state fair, and after 149 years of practice, Colorado’s got it down. So much of what there is to love about the state converges onto the famous fairgrounds in Pueblo for an end-of-summer week full of live entertainment, thrilling competitions, quirky vendor booths, and good ol’ Western fun.

Clyfford Still Museum Free Day

When: August 31st
Where: Clyfford Still Museum

At the Clyfford Still Museum you’ll enjoy nine beautiful galleries of Clyfford Still’s art, historic photos and letters from the Clyfford Still Archives, an interactive timeline, dozens of videos and books, a pair of tranquil outdoor terraces, views into their storage and conservation areas, and shopping!

Rocky Mountain Showdown

When: August 31st
Where: Mile High Stadium

CSU’s football team will face the University of Colorado in the annual Rocky Mountain Showdown on Friday in Denver. Colorado State University opened its season at home Saturday, losing 43-34 to Hawaii in a Mountain West game. This will be the season opener for CU, which went 5-7 overall and 2-7 in the Pacific-12 Conference last season.

Phish

When: August 31st – September 2nd
Where: Dick’s Sporting Goods Park

Phish fans from far and wide are journeying to Denver for Phish’s seventh consecutive Labor Day run at Dick’s Sporting Goods Park. With the exception of 2016, Phish has played a special set at Dick’s annually, using the first letters of the songs they played as a theme or to spell out phrases. Those shows have all stood out for their unpredictability and frequent bust-outs, turning Phish’s three-night Dick’s run into a must-see event for most Phish fans.

Taste of Colorado

When: September 1st – 3rd
Where: Civic Center Park

Mark your calendars for the launch of an exciting new A Taste of Colorado! With a larger main stage, bigger national entertainment, VIP experience with private main stage viewing platforms and exclusive food and beverage offerings as well as an expanded Kids Zone, this year’s festival is a must see. A Taste of Colorado has something for everyone with over 50 food vendors, 175 marketplace vendors, a Kids Zone experience with arts, crafts & a children’s entertainment stage and the elevated music experience with a larger main stage featuring over 25 national and regional musical acts.

Boulder Creek Hometown Festival

When: September 1st – 3rd
Where: Central Park and Downtown Boulder

The Boulder Creek Hometown Festival closes out the event season over Labor Day weekend. Featuring arts & crafts exhibitors in Central Park, live performances at the Bandshell, a food court & beer garden, the Hometown Fest 5K, the LETR StarLite Classic Car & Motorcycle Show, the Rocky Mountain Beer Festival, and much more, it’s a great time to come out and be a part of this milestone year at Hometown Fest!

Labor Day Half Marathon

When: September 3rd
Where: Salisbury Park, Parker

Celebrate the last blast of summer at the Labor Day Half Marathon. Sweat your socks off and let summer have its last hoorah. The race travels along the scenic banks of the Cherry Creek. This flat and fast course just might propel you to a new personal record! And if you’re in it just for the fun, well, we totally catch your drift. Runners and walkers of all abilities are welcome.

Denver Food + Wine Festival

When: September 4th – 9th
Where: Multiple Venues Across Denver

Denver Food + Wine Festival is a multi-day extravaganza of food, wine, and spirits. Festival events feature the best in Colorado’s restaurants paired with the finest wine and spirits, dinners, tastings and culminating with the festival’s signature event, The Grand Tasting. Through these series of events, Denver Food + Wine Festival aims to highlight the hospitality industry impact and celebrate Denver as a culinary destination.

Denver Art Museum Free First Saturdays

When: September 1st
Where: The Denver Art Museum

General admission is free on the first Saturday of the month! Explore fun things for families (including bilingual programs for the whole family), visit exhibitions throughout the museum, hear storytelling, and more! General admission does not include special ticketed exhibitions.

Colorado Rockies Vs. San Francisco Giants

When: September 3rd
Where: Coors Field

For many Colorado Rockies fans, it is the San Francisco Giants who are their biggest nemesis. Both these sides play in the West Division of the National League and that is the only thing that they have in common.

Colorado Real Estate News

Ruby Hill | Community of the Month

The Neighborhood

Running along the South Platte River and nestled 5 miles south of Denver, Ruby Hill is a true hidden gem. Only within recent years has this community truly begun to grow in popularity and blossom with possibility. The Ruby Hill neighborhood is widely known for its recreational opportunities and is a bicyclists paradise! From Florida Avenue, the South Platte River trail allows bicyclists to commute downtown in ten minutes without dealing with cars or traffic.

There are several wonderful parks and walking trails in the neighborhood, from Sanderson Gulch Trail and Park, to Ruby Hill Park – the largest park in southwest Denver. Overland Pond Park, Athmar Park, and Godsman Park all provide greenery and recreation for the community. The city is also planning on implementing several major improvements to the South Platte River and Ruby Hill Park which will benefit the neighborhood in coming years.

There are two major college campuses less than a 15-minute drive from the neighborhood: Auraria, and University of Denver. And there are 3 light rail stations in close proximity to these neighborhoods. The Evans Station, Broadway Station, or Alameda Station are in walking distance by many residents, and are also quickly accessed by the numerous RTD bus routes on their way to the light rail stations.

Ruby Hill Park

Ruby Hill Park, the neighborhood’s namesake, is an ever-evolving neighborhood treasure. The green expanse is on an incline above the river and boasts some of the best views of downtown Denver and the Platte Valley. It’s the ideal place to watch everything from eclipses of the moon to Fourth of July fireworks. At one-time, Native Americans even used it as a lookout point.

The 88-acre park encompasses everything from baseball, football, and softball fields, to picnic areas, gardens and playgrounds, and the Ruby Hill Rail Yard. The Rail Yard is a free urban terrain park. And is meant to be a place where snowboarders and skiers can fine tune their skills. It features ten rails and boxes that range in size, shape, and difficulty.

The Ruby Hill Bike Park is another wonderful addition to the neighborhood that was completed in the summer of 2016. It’s a 7.5-acre park including a slope-style course, pump tracks, dirt jumps, and a 1.7-mile multi-use trail. On top of that, the bike park sits next to one of the top-rated sledding hills in Denver!

 

Levitt Pavilion

In July 2017, Levitt Pavilion opened at the base of Ruby Hill Park, causing the Ruby Hill community to emerge as a somewhat unexpected hub for music in Denver. Every year, the venue presents 50 free family friendly concerts for the community. The mission – to focus on building community through free music and education, increasing access to the arts, and finding common ground in a diverse audience.

Just across the Platte River, right at Ruby Hill’s doorstep, the historic Overland Golf Course is the site of a new music festival kicking off this year. The festival, aptly named Grandoozy, is put on by the same company behind Bonaroo and Outside Lands. This multi-stage, multi-genre, 3-day event is expect to draw 50,000 to 60,000 people. The spotlight will also focus on local arts and culture, not just music. With the lethal combination of these two music advents, Ruby Hill could be poised to become Denver’s hottest music district.

 

Colorado Real Estate News

Dotson Skaggs | Featured Agent

Dotson Skaggs
Dotson Skaggs | Featured Agent

Hometown:

Denver, Colorado

What Is One Special Thing About the Place You Grew Up?

The fantastic weather: sunny days and four seasons.

What Was You First Job?

Driving a delivery truck throughout Denver for a printing shop downtown.

Hobbies:

Exercising

Describe Yourself In 5 Words:

Energetic, committed, goal-orientated, faithful, honest, loving.

Favorite Colorado Past-time:

Deer and elk watching! I do not shoot them even when it would be so easy. It is all an excuse to get out into the Colorado mountains and chase some big game around for fun.

Favorite Place to Grab a Drink:

Our daughter’s house with her husband and our two darling little granddaughters.

One Unusual Thing About You:

My name is most unusual and remembered by everyone. (Several funny, bizarre stories on that one.)  Therefore, I have to behave.

In What Ways Are You Involved in Your Community?

I sponsor numerous community activities for the neighborhoods where I live and work.

Who Inspires You?

The people who surround me and have one or more traits I wish to emulate.

What Is Your Proudest Accomplishment and Why?

Providing for the different needs of my family so they might grow, flourish, and be a productive member of this great nation.

How Do You Define Success?

Maximizing the use of the gifts I have been given while overcoming the challenges placed in my path plus my own limitations.

What Career Path Would You Have Chosen If You Didn’t Become a Real Estate Broker?

Oil and gas was my career choice out of college until I realized it was merely a stepping stone and learning tool for my discovered career passion: real estate.

If You Could Master Any Skill That You Don’t Currently Have, What Would It Be and Why?

To master the cruelest of all temptresses – Golf! Right now, I can have an awesome real estate career and a lousy golf game, OR I can have a lousy real estate career and a very mediocre golf game.  I get to choose!

What Is the Most Adventurous Thing You’ve Ever Done?

White-water rafting for five days from Moab, UT into Lake Powell with my Little Brother of the Big Brothers organization. The Colorado River was at full flood stage. Later we learned there were fatalities that week in other groups. Several times I was convinced we were going to lose members of our group with these little boys, rafts flipping over, large drops over rocks, rapids, etc.  We were on the edge of a bad disaster with no way out but to keep going forward.

If You Could Have Dinner with Anyone, Who Would It Be and Why?

Jesus Christ, the most positive influential person in history with answers to my questions.

What Is Your Favorite Family Tradition?

Like many others, it is getting together as an extended family for the holidays. The fond memories of seeing the nieces and nephews, watching them grow and mature, hearing the laughter and conversations as everyone catches up with each other, smelling the tempting aromas of delicious meals. These memories cannot be replaced and are treasured forever.

What’s the Best Concert You’ve Ever Been To? What Made It So Special?

The Moody Blues. I always wanted to see one of my favorite rock bands. I took my daughter who smelled pot for the first time. I had to explain that one on the fly. The other concert would be seeing Bob Hope on one of his last tours before he passed away. He will be remembered and missed for so many great things.

If You Could Live in A Book, TV Show, Or Movie What Would It Be and Why?

Ben Hur, 1959.  This movie encompasses the Roman Empire at its height, persecution of the Jews, beginning of the Christian faith, miracles, answers to some of the questions of life, etc. Much of western civilization started with ideas originating here.

Colorado Real Estate News

13 Colorado Fall Festivals Not To Miss

Fall in Colorado is a beautiful time of year that all residents look forward to. Although the leaves are changing and the air is growing crisper, it is still a wonderful time to get out and enjoy the incredible beauty and lighthearted festivities that our state has to offer. Throughout the Front Range there are events, festivals, and gatherings of all kinds to celebrate the changing of the seasons. Here we’ve helped narrow it down to some of the best Colorado Fall festivals that you should definitely check out this year!

Downtown Boulder Fall Festival

When: September 14th – 16th
Where: Pearl Street Mall

For over 30 years, the Downtown Boulder Fall Festival has been one of Boulder’s most beloved community celebrations. This cherished, three day autumn festival includes live music, local microbrews, wine and margaritas, a children’s carnival, and an art show along the one-and-only Pearl Street Mall.

Denver Beer Fest

When: September 14th – 22nd
Where: Multiple Locations Around Denver

Enjoy nine days of all things beer during Denver Beer Fest. There will be more than 100 beer-related events in Denver, America’s #1 beer city! Head to The Mile High City for tap takeovers, rare beer tappings, firkin nights, meet the brewer events, beer & food pairings and much, much more. The week culminates with the Great American Beer Festival, the largest beer competition in the country!

24th Annual Chile & Frijoles Festival

When: September 21st – 23rd
Where: Union Avenue Historic District, Pueblo

The Chile & Frijoles Festival is Pueblos version of a Harvest Festival. Every year, thousands pay homage to Pueblo’s most loved crop – green chilies‚ particularly the Pueblo chile!

The event features music‚ arts and crafts‚ cooking competitions, and chilies‚ chilies‚ chilies. Held downtown along Union Avenue‚ it draws Pueblo residents as well as people from across the state and around the nation.

49th Annual Denver Oktoberfest

When: September 21st – 23rd & September 28th – 30th
Where: Larimer Square

The Denver Oktoberfest attracts over 350,000 people during the six-day festival and it was quoted in Maxim Magazine and USA Today as “The Best Oktoberfest” in the United States and “One of the country’s biggest and longest running traditions”.  It’s also one of the largest beer festivals in the United States based on consumption because Denver loves to drink beer!

Mountain Harvest Festival

When: September 27th – 30th 
Where: Paonia, Colorado

Mountain Harvest Festival is an annual celebration of local music, art, farms, food & spirits organized by the nonprofit organization Mountain Harvest Creative. Held in the charming town of Paonia, visitors enjoy the music of the North Fork Valley, browse local arts and crafts and participate in the fun activities like the Great Chili Cookoff, Grape Stomp, Farm Tours and Saturday Sundown Swing. Mountain Harvest Festival is small town Americana at its best!

Morrison Ciderfest

When: September 29th
Where: 150 Spring Street, Morrison, Colorado

Looking for a great day of family fun? Look no further than Morrison Ciderfest. It’s a full day of live music, food, drinks, hay and pony rides, arts and crafts, vendors, and kids activities. Acitvities include cider presses, silent auction, horseshoes tournament, and a bouncy castle. And the best part is, entry is absolutely free!

Elk Festival

When: September 29th – 30th
Where: Bond Park, Estes Park

The haunting call of the bull elk fills the Estes Valley during the early days of fall. To celebrate the annual elk rut and learn about the “wapiti,” the Native American name for elk, Estes Park hosts the annual Elk Fest in Bond Park. The free festival features bugling contests, elk exhibits, the Rocky Mountain Raptor Program, elk seminars, elk-inspired arts and crafts, Native American music, dancing and storytelling, a children’s area with elk-themed activities, and a craft beer garden. Live country, rock and bluegrass music will light up the park Saturday and Sunday with popular Colorado bands performing on stage.

Cider Days

When: October 6th – 7th
Where: Lakewood Heritage Center

Celebrating Lakewood’s agricultural heritage with an entertaining mix of live performances, activities and tasty harvest treats, Cider Days offers fun and excitement for the entire family! This year’s event will include tractor pulls and vintage power displays, wagon and barrel train rides along with other children’s activities, historic demonstrations and a unique variety of exhibitors and vendors.

Telluride Horror Show

When: October 12th – 14th
Where: Telluride, Colorado

The Telluride Horror Show, Colorado’s first and longest-running horror film festival, returns for its 9th edition October 12-14, 2018. Every year, the festival attracts the latest & best genre films from around the world and attendees from all over the country for an intimate gathering of film fans in the world-famous mountain resort town of Telluride, Colorado. For three packed days, experience an eclectic mix of horror, suspense, thriller, dark fantasy, sci-fi, and dark comedy in Telluride’s unique theaters, with many of the films showing for the first time in the US.

Breckenridge Fall Fest

When: October TBD
Where: Breckenridge, Colorado

Breckenridge Grand Vacations brings Family Fun Fest to the Riverwalk Center for a day of pumpkin carving, music, face painting, and sweet treats such as caramel apples. It’s a great activity for families this fall, and it’s the perfect way to gear up for Halloween in a cozy indoor setting.

Botanic Gardens Pumpkin Festival

When: October 12th – 14th
Where: Botanic Gardens, Chatfield Farms

Enjoy a day of fall activities at Chatfield Farms. Ticket price includes access to the 10-acre pumpkin patch and family and children’s activities. Pumpkin prices vary by size; the average price is $8. It is recommended to bring a wagon to transport pumpkins. Free pumpkin daycare is available while you enjoy the rest of the festival.

Boo at the Zoo

When: October 21st, 22nd, 28th & 29th
Where: The Denver Zoo

Boo At The Zoo event offers 20 trick-or-treat stations, creepy crawly animal demonstrations and exciting family-friendly entertainment under the canopy of the beautiful fall foliage of Denver Zoo.

Fright Fest

When: Every Weekend in October
Where: Elitch Gardens Theme and Water Park

Every weekend in October, join the spooky festivities of Fright Fest at Elitch Gardens Theme and Water Park. From haunted houses to tasty treats to many spooktacular events, this thrilling Denver fall festival is fun for the whole family. You don’t want to miss out on Colorado’s largest Halloween nights!

 

Colorado Real Estate News

Denver Housing Market Experiences Seasonal Slowdown

alexander-andrews-457319-unsplashAs the summer housing market starts to draw to a close and the expected seasonal slowdown starts to take root, prospective home buyers might find they have a few more choices before signing on the dotted line.

At the end of July, there were 7,643 single-family homes, townhomes, and condominiums on the market. That’s almost a 4% increase in the active inventory from a year earlier. The last time there were more homes on the market in a July was in 2015. The increase in inventory comes at a time when mortgage rates and home prices continue to rise. Although, prices on an annual basis are increasing at a slower pace than in the past few years. The average 30-year, fixed-rate mortgage rate is now hovering at about 4.5%. Which is still low by historic standards, but about a half of a percent higher than a year ago.

Meanwhile the average price of a single-family home sold last month was $529,124. Down 1.48% from July, but up 7.18% from July 2017. Buyer put 5,764 homes under contract last month, largely unchanged from June, but up 5.24% from a year earlier. Some 5,043 homes sold last month, a 15.65% plunge from July and an 8.54% drop from a year earlier. While the month-to-month may seem severe, it is not an unusual seasonal drop. In fact, in July 2017, home sales fell by almost 20% from June. The sales drop is likely largely due to the double whammy of rising mortgage rates and rising home prices.

On a month-to-month basis, even the luxury home market cooled in August. There were 206 sales of single-family homes and condos priced at $1 million or more in July, a 16.26% decline from June. Still, luxury home sales were up 17.71% from July 2017. The year-over-year increase of luxury homes in July, while the strongest of any price strata, was still substantially below the year-to-date 29.14% sales increase when you dig into seven months of DMAR data. Through July, buyers purchased 1,204 properties, compared with 1,002 in the first seven months of 2017. The total luxury sales volume this year is $1.95 billion, a 28.72% increase from the same period last year. And keep in mind that seasonal drops, are part of the natural cycle.

Despite slower sales and a rising inventory, the single-family home market ended with a 1.59-months of inventory, which is the equivalent of about 4.3 weeks. Meaning if no new supply was added to the market and the sales stayed the same, all the homes would be gone in a little over a month. Perhaps one of the strongest metrics that the sky is not falling is that the months-of-inventory, or MOI, was slightly lower in July than it was year earlier, according to DMAR. Such a low supply is a sign that Denver, overall, remains a strong seller’s market. And there are no signs that the end is near of the Denver bull market for housing.