Colorado Real Estate News

Real Estate Market Trends Article

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The New Year Kicks Off Briskly for Denver-area Real Estate

In January, a massive influx of new homes came on the market in metro Denver but were quickly scooped up by homebuyers.

 

While 4,853 new listings hit the market, up 89% from December, January ended with 4,941 active listings because homebuyers placed 43% more homes in pending status month over month which diminished the housing inventory surplus.

 

Contributing factors to the market heating up quickly included continued low interest rates and 18 days above the average temperatures in January.


On the Heels of a Slow December

In the entire residential market, there was about a 35% drop in the number of closed homes and sales volume month over month in January which was a reflection of the slower market activity at the end of 2019. As usually occurs this time of year, the days on the market were longer, averaging out to 45 compared to 41 in December.


Steady Home Prices

The average single-family home price was down from its summer highs, but higher year over year by 6.86% to $532,494. The picture is a little different for condos that experienced a 5% month-over-month drop in average price to $355,754, which is also down 0.37% from the same month last year; representing the first price drop in the month of January in at least the past four years.


Homebuyer Advantage in the Luxury Segment

In the Luxury Market, homes priced $1 million+, months of housing inventory increased to 6.92 for single-family homes and 8.5 for condos, up 41% and 68% month over month respectively. So, luxury homebuyers are not having to compete as much as other price segments.
Year over year in January, 11.7% more single-family homes and 20% more condos closed in the Luxury Market. The number of homes that closed in the entire residential Luxury Market was up 12.6% and total sales volume was up 4.7% from one year ago. However, sales volume and the number of homes closed in the entire luxury residential market were both down 46% month over month.

Colorado Real Estate News

Warm Up With Colorado’s Best Ramen Joints

colorado-best-ramen-noodles

As winter continues to bring cold, snowy weather, nothing warms the soul as much as a hot bowl of ramen. Whether you’re a chicken broth traditionalist or prefer the Thai-style pork broth-based spicy ramen, Colorado has a wide variety of incredible ramen and noodle houses.


Ft. Collins

RamaMama is a food truck operating in Ft. Collins. Reportedly in the process of opening the truck’s first brick-and-mortar store location in Ft. Collins’ Old Town area, owner John Lawyer and business partner Jake Arnold – neither having any formal culinary training – offer Japanese delicacies often served at bougie restaurants of renowned chefs. Mr. Lawyer learned his craft by working at a small bento box store in Illinois from his friend’s mom who served Korean dishes at family dinners.

The Ft. Collins store location has no confirmed grand opening date, but RamaMama can be found by following the food truck’s location on their Facebook page, but also in pop-up events at Pinball Jones in Ft. Collins near the Colorado State University campus. Expect a creamy bowl of ramen with a touch of spicy Szechuan pepper oil which is perfect for winter days in Northern Colorado.


Niwot, Northeast of Boulder

Sachi Sushi is a tiny restaurant – more of a ‘set up’, really – in Niwot Market, a grocery store in Niwot, Colorado just northeast of Boulder. The owner, Tsukasa Hibino, former chef at Sushi Tora in Boulder, runs the one-man show at Sachi Sushi. As we all know, the exquisiteness of the best Japanese dishes requires lengthy preparation and a wide variety of imported ingredients, and Mr. Hibino prepares his five ramen dishes only on Sundays. Sachi Sushi offers more than ramen with a menu mixture of udon noodles, fresh sushi, Korean BBQ, and more.

Sachi Sushi has become a local favorite in the Boulder area, and has been featured in the Huffington Post.


Denver

Osaka was named the No. 1 “Best Ramen Award” from Denver’s Westword Magazine, and for good reason. Located in the basement of the 2600 building on Walnut St. in Denver’s trendy Riverside North (RiNo) district, Osaka features a modern styled restaurant with a bar that peers directly into the kitchen.Jeff Osaka, owner and chef of Osaka, started the restaurant in 2015 to bring variations of his favorite noodle dishes from his childhood in a vibrant Japanese community in Los Angeles, California to Denver, his current home.

Especially known for the less-traditional spicy miso ramen and the okonomiyaki fries (the flakes move…), Jeff Osaka has established Osaka as the leading ramen joint in the downtown Denver area. Pro tip: Always try the daily ramen special.


Centennial

Wanna Poke in Centennial, Colorado is a small, unassuming family-owned poke and ramen shop just east of the Cherry Creek Reservoir and Denver Tech Center. Among the top restaurants in the Denver metro area with a whopping 4.8 stars on Yelp, Wanna Poke offers fresh poke and unique ramen as a quicker and more casual alternative to a sit-down restaurant. As ramen customers typically pay for premium ramen, Wanna Poke’s prices are extremely affordable, and allow customers to customize their ramen toppings to their liking. As one reviewer stated, “This might not be the spot for a fancy date, but if you’re looking for something delicious without the frills, you won’t be disappointed.”

Colorado Real Estate News

10 Secrets To Spring Cleaning Your Home (Marie Kondo-Style)

spring-cleaing-marie-kondo

There’s no better time than spring to bring a fresh new energy into your home. After all, spring is the time for new beginnings, and kicking off this new season with a clutter-free home will be a great way to set the tone for things to come.

 

Thanks to the massive popularity of the Marie Kondo method, people everywhere are adopting the mindset that a de-cluttered space is one of the best ways to feel more functional and less stressed, and we couldn’t agree more! If you’ve been thinking of refreshing your space for spring and need a little inspiration to get you started, here are our 10 best secrets to spring cleaning your home, and bringing out your inner Marie Kondo.


1. Set ground rules

It can be easy to get stuck when you run into items that might feel harder to get rid of, so create a few simple rules before you start in order to make the decision-making process easier. For example, if you haven’t worn it in a year or if it no longer sparks joy – let it go. If the items are still in good shape and you’re having a harder time getting rid of them, think about donating, selling or giving the item as a gift. Knowing that someone else will be able to enjoy your less-loved and less-used items will also make the de-cluttering process easier.


2. Start small

Rather than overwhelming yourself with a huge project right off the bat, start with something small that you use every day, like a junk drawer in the kitchen, your laundry space, or your bathroom vanity. This will give you an easily achievable goal to kickstart your momentum for bigger projects, and by starting with something you use often, it’ll inspire you to keep going as your newly cleaned space makes you feel good.


3. Tidy by category

Rather than tidying up your home from room to room, Marie Kondo recommends organizing your spring cleaning into categories instead. Specifically: clothes, books, papers, miscellaneous items, and sentimental items. Pull out everything you have in each category, such as clothes from closets, papers from office spaces, and miscellaneous items from drawers, then sort through each category item by item.

 

4. Only keep the items that ‘spark joy’

The main philosophy behind the Marie Kondo method is to identify the things you own that truly spark joy for you, and discarding the ones that don’t. This approach will encourage you to be more mindful about how possessions make you feel and create a home full of things you love rather than simply accumulating ‘stuff’.


5. Organize your storage

When it comes to storing items like clothing and sheets, Marie follows a very specific method. She suggests keeping things visible and within reach by standing clothing items upright or rolled alongside each other in drawers rather than stacked on top of each other. In kitchen cabinets, garages, and for smaller miscellaneous items, sort by size and use, and use small boxes within drawers and cupboards to keep items organized and separate.


6. Get everyone in the household in on it

Once you’ve created a designated space for something, make clear the grounds rules to your partner, children, and anyone else who lives in the home. For example, if you know that dish towels go in a specific drawer in the kitchen, share that knowledge with your loved ones so they can share the chore. Otherwise, keeping your house tidy will rely solely upon you putting everything away (because you’re the only one who knows where it goes)!


7. Store things where you use them

If you keep your old magazines on the coffee table in your living room but always end up reading them before you go to bed, then consider storing them in your nightstand instead. Even though the coffee table may feel like the place those magazines ‘should’ go, it’s a lot easier to put something away when you don’t have to carry it back and forth from room to room. Think about anything that typically ends up in ‘clutter piles’ around your home, and consider if there are other locations in the house where they might be more easily put away.


8. Stick to a schedule for regular tidying up

Setting aside time on a daily or weekly basis to clean up will help you to establish a regular routine, and keep your house in a more manageable state rather than trying to tackle the whole thing once or twice per year. If you have other people living in the house, get them in on the schedule or assign them to a particular area, too. Teamwork makes the dream work!


9. Replace your air filters

Replacing furnace and HVAC filters is one of the most important and regularly overlooked parts of spring cleaning. Air conditioner ducts tend to build up dust during the winter, and new filters will catch unwanted particles so you can make sure you’re breathing clean, healthy air.


10. Don’t forget about walls and windows

While everyone knows to clean their floors, many tend to forget about the walls and windows. Dust can settle just as easily on the wall as on other surfaces, so simply take a damp towel and run it over the walls and window blinds from the top down. Remember to remove the window screens and wipe down the outside of the windows, too.

 

There you have it! With these spring cleaning tips, your home will be feeling fresh and ready for the new season in no time.

Colorado Real Estate News

Cache La Poudre: 10 Ways To Enjoy The Poudre River

fishing-poudre-river-fort-collins

The Cache la Poudre River flows north and east through Roosevelt National Forest, then down the slopes of the Front Range into the city of Fort Collins. Colorado Highway 14, which follows much of the river, is a designated Colorado Scenic and Historic Byway between Fort Collins and the town of Walden and is recognized as one of Colorado’s premier scenic highways. The route features stunning scenery through Poudre Canyon and along the Poudre River, as well as vast forests and high peaks.

 

As we look forward to warmer temperatures in the summer months, residents of Fort Collins and Northern Colorado will make their way to the Poudre Canyon for a myriad of activities. Whether you’re looking forward to fishing or simply enjoying the sunshine on the river’s banks, here are 10 ways to enjoy the Poudre River and Poudre Canyon:

 

1. Fishing

The Poudre River is known to be abundant with trout and is very popular for fly fishing. The river has two separate sections designated as Wild Trout Waters by the Colorado Division of Wildlife and is known for its caches of rainbow, brown, cutbow, and Greenback cutthroat trout.

 

2. Lounging on the shoreline

Appreciating the beauty of the Poudre River doesn’t always require a bathing suit. The Poudre may not have sandy shorelines, but it’s as close to a beach as you’ll get in Colorado and makes for a great place to hang out, have a picnic or read a book.

 

3. Tubing

For another more laidback activity, tubing the Poudre is a popular pastime for visitors and Fort Collins locals. The best time to tube is in July and August when the river is calmer but always use your best judgment. If the water is moving fast, it’s best to stay onshore.

 

4. Swimming and snorkeling

If you take goggles or a mask, you will see schools of trout in the depths of the pool at Picnic Rock, glimpses of glittering pyrite, and a whole world of beauty under the surface of the water. Keep in mind, even on the hottest and sunniest days, the river can still be extremely cold. So grab a wetsuit or make sure you’re only getting in for short periods of time.

 

5. Whitewater rafting

Rafting is a thrilling option to explore the river, with Class III and IV rapids such as Twin-Pin, Roller Coaster and Mishawaka Falls. There are many rafting companies who provide trained guides, equipment, and tours to maximize the adrenaline junky experience.

 

6. Kayaking

Along with whitewater rafting, the Poudre is also popular for kayaking. There are many flatwater sections to choose from for beginners, as well as Class II-III runs for those looking for more excitement.

 

7. Hiking

There are several popular hiking trails in Poudre Canyon ranging in length and difficulty, but all offer beautiful scenery and stunning views. Roaring Creek Trail, for example, traverses 5.1 miles of the Poudre Canyon and is better suited for more experienced hikers, whereas the Hewlett Gulch Trail is a perfect 3.1 mile option for hikers of easy-to-moderate skill levels.

 

8. Mountain Biking

If you’d rather experience the area’s trails from your mountain bike, Youngs Gulch Trail is an excellent mountain bike ride that is four miles long with over 20 stream crossings.

 

9. Camping

Make a night of it, and snag a coveted camping spot in the Poudre Canyon so you can wake up to enjoy another day along the river.

 

10. Visit the Mishawaka Amphitheatre

Also known as “The Mish,” the Mishawaka Amphitheatre is a riverside music venue that is more than 100 years old that has a bar and restaurant open year-round.

 

No matter how you choose to enjoy the Cache la Poudre, you’re sure to have an amazing time, so start making your plans now to celebrate Colorado’s only Wild and Scenic River this summer!