Colorado Real Estate News

Memorial Day Events in Denver

Memorial DayMemorial Day is the unofficial start to summer here in the Mile High City and the weekend is always packed full of events perfect for the whole family! Here are just of few of the Memorial Day events happening around Denver this weekend.

20th Annual Veterans Memorial Day Tribute

When: May 26th | 10am – 12pm

Where: POF Hall | 1340 Sherman Street

This year marks the 20th year where military groups, veterans, Gold Star families, and community members from across Colorado will gather to honor the service and sacrifice of fallen military heroes from wars past and present over Memorial Day weekend. For the first time, the tribute will also recognize the service and sacrifice of 9/11 first responders.

Colorado Remembers

When: May 25th | 8am – 1pm

Where: Colorado Freedom Memorial

Colorado Remembers is in honor of Colorado military personnel and their families who have paid the ultimate sacrifice for their country. This event will have a free pancake breakfast from 8-10am, a remembrance ceremony from 10-11am, and time to visit the Colorado Freedom Memorial from 11am – 1pm. There is plenty of lawn seating for this event but please note to bring blankets and chairs for seating.

Colorado Rockies vs. Arizona Diamondbacks

When: May 24th – 26th | Times Vary

Where: Coors Field

Kick-off the weekend at Coors Field! Enjoy exciting major league baseball and head out to this series between the Colorado Rockies and the Baltimore Orioles.

Denver Day of Rock

When: May 25th | 2:30pm – 9:30pm

Where: 16th Street Mall

Denver Day of Rock is a one-day music festival benefiting the work of Amp the Cause. This free event features five stages of live music along Denver’s 16th Street Mall on Memorial Day weekend. Denver Day of Rock unites the community through music and family-friendly entertainment while also raising funds to help Amp the Cause continue to support non-profits in our community.

Denver Arts Festival

When: May 25th- 26th | Starting at 10am

Where: Conservatory Green Neighborhood at Stapleton

The Denver Arts Festival is a fine art and fine crafts festival that continues to be dedicated to supporting Colorado artists while also showcasing a select group of national artists. The Denver Arts Festival holds its annual premier event at Stapleton’s Conservatory Green Neighborhood. The fine art and fine craft exhibition features some of Colorado’s and the nation’s best artists with over 50,000 people expected to attend.

Run, Walk or Ruck

When: May 26th | 8:45am

WhereGrist Brewing

Join Rocky Mountain Brew runs for a special event to celebrate the start of summer and honor Memorial Day. Kick-off the morning in a free 30-minute workout with Manic Training and then run, walk or ruck the 4 mile course on trails and paths through Highlands Ranch open space with great views of the snow-capped Rocky Mountains. Finish to an ice-cold brew, food trucks, and test your fitness in fun beer Olympics games!

South Gaylord Memorial Weekend Festival

When: May 26th – May 27th | Sunday: 10am – 6pm, Monday: 10am – 4pm

Where: 1000 Block of South Gaylord Street

The South Gaylord Street Festival Series invites you to participate in the 40th Annual Memorial Weekend Festival. Kick-off summer with great family-friendly entertainment, delicious food, local vendors, and so much more! The Festival Series has a long history of bringing together the local community and purveyors of fine products to celebrate this wonderful historic neighborhood in Washington Park.

 

Colorado Real Estate News

April’s Market Trends Are All About Perspective

Market TrendsApril is All About Perspective

April’s market trends require perspective to fully understand the big picture of what’s happening in real estate today.

In the entire residential market, it took twice as long to sell a house so far this year compared to last. While that sounds alarming, and the 100 percent increase is accurate, when you realize that means the median went from six days on the market in 2018 to 12 in 2019, it doesn’t look so bad. Less than two weeks on the market is still fast. That’s what seems to be going on right now: some stats look like the sky is falling, but when put into perspective you can see why prices continue to go up.

Average Single-family Home Price Hits New High

The average single-family home price hit a new high of $553,371 at the end of April and reached a year-to-date high of $527,244. The average condo price was up 2.62 percent from March, ending the month at $368,565; up 2.17 percent year to date.

More Housing Choices and More Demand

April ended with 7,012 active listings. In the past four years, active listings in April were in the low 5,000’s. We are up 36 percent year to date compared to last year. That is significant; yet we are in a seller’s market in every price range. Overall there is only 1.5 months of single-family and condo inventory. That is much lower than the 5-6 months needed to equalize the market between buyers and sellers.

Notably, 7,518 new listings hit the market in April, up 21.28 percent from March – and buyers swooped in with 19 percent more homes under contract month over month!

Luxury Market Loved April

The Luxury Market (homes priced $1 million+) saw pricing, number of homes sold and overall sales volume increase in April compared to the previous month and year. Last month, 234 homes in the segment sold, up 32.2 percent month over month and 4 percent year over year.

More choices, more contracts and prices still going up. No matter your perspective, these sound like good market conditions overall.

Colorado Real Estate News

5 Exterior Upgrades to Add Value to Your Home

Outdoor UpgradesExterior upgrades not only enhance the look of your property but can also offer recreational benefits. Not every renovation produces a return on investment. And some upgrades can even make your home less attractive to buyers. So, when considering upgrades to your home, it’s important to choose the ones that will add value to your property. These five upgrades are a few of the best ways to upgrade the exterior of your home while also getting the highest return on your investment.

Replace the Garage Door

You may think your current garage doors are good enough. But upgrading them will not only boost your curb appeal, it will also add some major value to your home. While replacing your garage door can get a bit pricey, you are likely to recoup almost 98% of what you spent. When prospective buyers pull up, your home will already be making a great impression. As an added perk, a new garage door can help bolster your home security.

Replace the Front Door

An impressive entryway sets the tone for the rest of the house. So, while you’re making cosmetic changes to the front of your house, consider upgrading your front door. Replace your drab door with something that draws your guests in and adds character. A new door can also help keep energy costs down and ensure safety. Swapping out your door can cost upwards of $2,000, but chances are you will make around 75% of that back.

Build an Outdoor Fire Pit

Outdoor fire pits are ranked third as the most popular outdoor living feature. While you might not be able to enjoy them year-round, they consistently poll well in surveys with buyers and homeowners. They are an addition that will make any backyard desirable. Not only will you create delightful memories, but you will also realize a 67% return on your investment. Fire pits can be very inexpensive. A simple transportable pit can start around a couple hundred dollars. While installing a fire pit starts around $1,500 and increases exponentially from there depending on design.

Refresh Your Landscape

Having luscious landscaping exponentially increases the chance of selling your home. This is because buyers perceive homes with landscaped yards, gardens with flowering plants, and trees to have higher value compared to homes with just a front lawn. Refreshing your landscaping can add up to 10% on your home’s value and instantly upgrade your curb appeal.

A simple upgrade you can do is adding flowering shrubs to your garden or along a pathway. Opt for native or drought-tolerant plants that are fairly low maintenance. Adding trees near windows will bring your home shade and keep things a little cooler in the summer. Installing a flagstone pathway or incorporating a few large stone planters can further enhance the outdoor appeal.

Add an Outdoor Living Space

An outdoor living space is another project that expands your home and enhances your outside living area while also increasing the value of your home. During the summer, your front porch and backyard become the place to be when entertaining friends and family. Keep our outdoor living spaces inviting with well-kept lawn furniture, fresh cushions in bright colors, and clean landscaping. You may even consider installing an outdoor kitchen. While this may not be on many home buyer’s must-have list, it could be the feature that seals the deal.

Colorado Real Estate News

8 Outdoor Patios in Fort Collins for Drinking and Dining

Patios in Fort CollinsSummer in Fort Collins ignites our longing for beer gardens, garden patios, and outdoor fire pits. And it brings with it an insatiable craving for craft beer, local eats, and great company. If the past few weeks of warm weather have you feeling the same way, check out these patios in Fort Collins perfect for drinking and dining!

CooperSmith’s Pub & Brewery

CooperSmith’s is tucked right in the heart of Old Town Fort Collins. It’s unique charm and one-of-a-kind eating and drinking experience make it a staple in the community. Whether you choose to sit pubside or poolside, CooperSmith’s patio will put you in the middle of the hustle and bustle of Old Town. If there is a concert or event happening this patio is the perfect place to hunker down with a refreshing beer!

Equinox Beer Garden

This Old Town brewery has a laid-back vibe and serves up spectacular specialty flights. On hot summer days this shady patio is the perfect spot to sip on whatever strikes your fancy. With 18 taps to choose from, your hardest decision will be which six to start with! Food trucks frequent the taproom Thursday – Sunday. And they even have a shuffleboard.

Illegal Pete’s

Fort Collins finally got its first Illegal Pete’s four years ago in 2015! This location sports a spacious dining and bar area and a huge rooftop patio with a fully stocked bar perfect for peering down at passersby on the street. With a fun and energetic atmosphere, Illegal Pete’s is the place where everyone wants to be for good food, live music, and the perfect locale.

Rainbow Restaurant

Rainbow Restaurant has been family-owned since 1976 and their garden patio consistently ranks as a Fort Collins favorite. If you’re looking for a patio to enjoy healthy dining and fresh ingredients while indulging in the Colorado sunshine, then look no further. Specializing in delicious breakfast, lunch, and vegetarian dishes, Rainbow Restaurant boasts a friendly staff, comfy atmosphere, and a lush outside patio. Try the pumpkin bread french toast or tempeh sauté while soaking up the sun.

RARE Italian

Located on a bustling corner in the middle of Old Town, RARE is the ideal spot to relax on a beautiful afternoon. Or lounge under the string lights on a warm evening enjoying the lively atmosphere, sampling upscale Italian food, and sipping on craft cocktails.

Rio Grande Mexican Restaurant

The back patio at The Rio is an ideal oasis for spending happy hour or eating under the sun on a warm day or summer night. The water feature adds just the right amount of relaxation and at night the lights create an inviting atmosphere filled with good vibes and even better margaritas!

The Farmhouse at Jessup Farm

Since 2015, the Farmhouse has opened its doors to share rustic-inspired modern farm fare, hand-crafted cocktails, and genuine hospitality. Make the Farmhouse your sunny day go-to destination! Wind down in their peaceful, farmhouse garden patio with a watermelon feta salad and rose vodka lemonade.

Union Bar and Soda Fountain

Union is a hip, new take on an old fashioned diner and soda fountain. Their mid-century modern decor and spacious patio are fun settings in which to enjoy time with family and friends. The menu is approachable and crave-able any time of the day with brunch, lunch and dinner items served all day long!