Colorado Real Estate News

Colorado Wildfires Will Impact Housing Shortage

Written by President and CEO of Kentwood Real Estate, Gretchen Rosenberg

The wildfires in Boulder County late last week devastated the bedroom communities of Superior and Louisville, Colorado. These lovely towns between Denver and Boulder are known as friendly, vibrant and boast great views of the Front Range. 

Colorado’s Front Range, from Colorado Springs to Fort Collins, has been struggling with a housing shortage for several years. The pandemic-created housing boom exacerbated our need for more homes for both sale and rent. Suddenly, one of our growing areas has lost close to 1,000 properties. Some of which were on the market and under contract at the time of the fires. 

The people of Superior and Louisville will spend several years rebuilding. As a former resident of Laguna Beach, CA whose neighborhood burned down in the early 1990’s, I remember it taking half a decade or more for all to be new again. The trauma never goes away, but it does get better once folks find a new home or rebuild. 

The immediate challenge is finding interim housing, making insurance claims and replacing household goods. The next challenge will be either entering a housing market with limited inventory or finding builders who have capacity to rebuild the homes that were lost.  

The Kentwood Cares Foundation is focusing on aiding those with immediate need due to the fires. Several of our brokers are also representing fire victims looking for a new home or rental. Please consider a contribution to Kentwood Cares and keep the Boulder County fire victims in your heart.