Colorado Real Estate News

Top 10 Soup Spots in Denver

Soup is good for the soul on those chilly Colorado days. Although winter 2021 was tame, 2022 is here now and the snow is already coming down in full force. Here are 10 of the best soup spots around Denver to warm you up.

Pho 95

Pho 95 is in the heart of Denver at 1401 S. Federal Blvd, just 4 miles from the Colorado State Capitol. Their broth has just the right amount of everything to give you a soup packed with flavor. If someone you’re dining with doesn’t care for pho, many of the other dishes on the menu are a hit as well!

Rosenberg’s Bagels & Delicatessen 

Rosenberg’s is famous for their matzo ball soup; with the dumplings and the broth made from whole, locally-raised chicken, it’s the perfect way to warm up. You can find this restaurant in Five Points at 725 E. 26th Ave and at their other location inside Stanley Marketplace in Aurora.

Stoic & Genuine

Known for its fantastic clam chowder, Stoic & Genuine is located at Union Station. It’s perfect for a cold winter day with the spot-on balance of shellfish and pork. Not to mention, their cornbread is an ideal side to their clam chowder. 

LeRoux

Craving French onion soup? LeRoux should be your go-to! The blend of cave-aged cheese and fresh croutons is a fantastic winter treat. You can find LeRoux on 16th St Mall in Downtown Denver.

City, O’ City

City, O’ City, a vegetarian restaurant beloved by Colorado locals, is notorious for their curry carrot soup, but they also have several other options. With seasonal stews, vegetarian chili, udon noodles with tofu, or kimchi stew, you will find something with your name on it! You can find City, O’ City in the Capitol Hill neighborhood.

Katsu Ramen

Ramen prepared by a Japanese chef straight from Osaka, Japan, is a must-try! They make their noodles fresh and with rich broth, it gives you the taste of Japan you didn’t know you needed. You can find Katsu Ramen in Aurora at 1930 S. Havana St.

Little Tibet | Restaurant & Bar 

Although this spot isn’t technically in Denver, we just had to include it. With a sweet change of pace from ramen and pho, it serves up a hot bowl of soup called Tibetan thenthuk. Little Tibet is at 4479 Broadway in Boulder, CO.

Sams No. 3

Sams No.3 is a family-owned restaurant with an authentic, homey feeling that opened in 1927. Featured on Diners, Drive-Ins, and Dives, they have a great menu with chili that’s to die for! There are three locations, Glendale, Aurora and Downtown Denver. 

Los Mesones

Los Mesones should be your go-to place to get pozole! Located in downtown Denver on West Colfax, their pozole is authentic, flavorful and will leave you more than satisfied. 

East Side Kosher Deli

Chicken noodle soup is a timeless classic, and East Side Kosher Deli has a great take on it. Pair it with any of their sandwiches, and you’ve got yourself a hearty winter meal. You can find it in Glendale, CO at 499 S. Elm St.

It may be cold in Colorado, but that doesn’t mean you have to be! There is a soup for everyone on this list that will warm you up this winter, guaranteed! 

Colorado Real Estate News

Free Winter Activities in Fort Collins

Who doesn’t love free things? Activities and events don’t always have to cost an arm and a leg to participate in; there are plenty of great activities to explore this season that cost little to nothing. To maximize the fun this winter, here are four free activities you don’t want to miss:

Winter Farmers Market

With 15 prideful years of showcasing and serving local Fort Collin delicacies, the Winter Farmers Market is a must visit. Spend time with your family and friends amongst the lively ambiance and maybe buy a tasty treat or two while you’re there. The farmer’s market occurs every other Saturday; you can find the calendar for specific dates here.

Fort Collins Breweries

Fort Collins is known for its variety of unique breweries in town. If you are a beer-lover, go to any of these popular FoCo breweries to tour their facility, like the popular Odell Brewery. While some breweries like New Belgium Breaking Co Taproom are currently not offering tours, you can still visit their taproom to sample their beers.

*Some tours require reservations.

The Lyric

A local favorite, The Lyric theater hosts free showings of cartoons on weekend mornings from 10 a.m. to noon, with classics like Looney Tunes and Thundercats. This is a fun, family friendly activity that will start your day off on a positive note. A negative COVID test within 72 hours or proof of vaccination is required for those ages 12+. You can find more information about this recurring free event here.

Horsetooth Reservoir and Poudre Canyon

Love the outdoors? Grab your snow boots and hike around the Horsetooth Reservoir and Poudre Canyon. Nothing beats these spectacular Fort Collins views, especially when the mountains have a fresh layer of snow. Explore everything the area has to offer and learn more here.

Whether you love the outdoors, want to spend some quality time with your family or simply want to have a beer with friends, Fort Collins has it all. So make it a date with friends, family or loved ones and explore some of the best that Colorado has to offer.

Colorado Real Estate News

Denver Market Trends

Throughout the ebbs and flows of 2021, interest rates remained low and buyer demand stayed high. 

DMAR found there were more homes purchased in 2021, 63,684 more than any previous year. While demand was at an all-time high, the number of new listings that hit the market throughout the year was down 5.26%, which is one of the reasons why the market ended the year with another historic indicator: month-end active listings. 

At the beginning of January, there were only 1,477 active properties on the market.

That is 11,175 fewer houses on the market than normal. Based on the sustained demand for housing and lack of inventory, the market is projected to see double-digit appreciation this year, which it has not seen in back-to-back years of double-digit appreciation since 2015-2016 and 1998-2000. 

In the Luxury Market, Denver Metro prices continued to climb. 

More homes are entering the ranks of the Luxury Market every month as demand continues at a quick pace. Within the past two years, the number of homes that sold within the Luxury Market more than doubled. The single-family segment of the market closed 4,672 single-family homes, a 53.99% gain year-over-year, while the attached segment experienced a 140.46% gain with 630 homes sold.

During the holidays, seasonal slowdown was palpable. 

While active homes on the market dropped 41.87% market-wide, the Luxury Market continued to outperform with a five percent increase in December for new listings. New listings for detached homes climbed slightly by 1.40% from last December, while closed listings increased 9.06%.

Meanwhile, the attached market continued to shine.

New listings climbed 35.29% in December with 23 more units compared to December the year prior. Closed sales came in at a staggering 89.66% gain with sales volume following closely with a 75.36% rise with an additional $75,932,105 in closed volume year-over-year.

*Written January 6, 2022. Updates may be available after this date.

Colorado Real Estate News

How to Sell Your Home for More

Anyone can get lost in the vast real estate market. People looking to sell their home want it to be a quick and easy process, but the reality is often the opposite. There is a ladder of steps with many moving parts, from hiring a real estate agent, price estimations, determining the best time to sell and so much more!

However, selling your home doesn’t need to be daunting and strenuous. Properly marketing your home can make the value surge and quickly attract buyers. Consider these valuable approaches to maximize your profits.

Know When to Sell

The housing market can be highly volatile, and oftentimes demand can dictate prices. Home sellers must stay on top of current market trends to pinpoint the right time to sell. Since the onset of the pandemic, there has been a strong seller’s market nationwide, especially in Denver. 

However, Realtor.com predicts buyers will have better chances to find homes in 2022 and the seller’s market will increase in competitiveness. So it might be in the best interest of home sellers to sell sooner rather than later.

Convert Your Home into a House

Staging is the preparation of a property so it appeals to specific buyers. As the name suggests, it’s “setting the stage” and essentially the depersonalization of home. Staging should be one of the leading goals for all homesellers as it allows for buyers to visualize a property as their future home. 

According to the National Association of Realtors 2021 Profile of Home Staging, eighty-two percent of agents report that home staging makes this visualization easier. Although, for staging to pay off, homesellers must first know their target audience.

Know Your Buyer

Buyer demographics can vary from property to property, so it’s crucial to research ideal homebuyers that will pay top dollar. For example, a condo could appeal to younger buyers searching for their first place, whereas a single-family home would appeal to families seeking a move-in ready home. 

Proper Real Estate Marketing

An established real estate agency will take the time to research appropriate marketing techniques that attract the most buyers. Inadequate execution can jeopardize the client’s money, and it can be challenging to find a trustworthy agency. 

For over forty years, Kentwood has provided renowned service and local expertise to clients, so you won’t have to worry about placing your trust in our brokers

Selling your home is a big decision and should be employed with due diligence. These selling strategies will help you get started and provide you the basics of making the most off your sale.

Colorado Real Estate News

Northern Colorado Market Trends

December was a lot of the same news. Inventory was extremely low and prices continue to rise. Focusing on Fort Collins, there were simply are not a lot of homes on the market in Fort Collins. 

Fort Collins homes were selling for a median price of $575,500.

Fort Collins homes on average sell after 114 days on the market compared to 76 days last year. There were 129 homes sold in Fort Collins for December this year, down from 393 last year, at an appreciating increase rate of 22 percent from 2020. A normal annual appreciation for Fort Collins has historically been 5-6 percent on average, and that’s including the market crash in 2008-2009, so it’s safe to say the market will only continue to increase. 

Average days on market increased year-over-year for detached and attached homes in Berthoud.

Berthoud’s detached market experienced a 7.32% increase from 82 days in 2020 to 8 days in 2021, and its attached housing market experienced a 13.57% increase from 140 to 159 days. 

Meanwhile, Timnath saw a drastic decrease year-over-year in homes sold.

Timnath’s detached market went from 38 homes sold in 2020 to 14 homes, a 63.16 percent decrease. In its attached market, Timnath also experienced a drastic decrease in home sales at 37 versus 112 in December 2020, a 66.67 percent decrease.  

Boulder unsurprisingly saw a large increase in appreciation year-over-year in both detached and attached markets. 

In the detached market, the average price climbed from $1,334,760 in December 2020 to $1,557,840 in December 2021, an increase of 16.71 percent. The attached market saw an increase of 9.22 percent from $506,279 to $552,956

Loveland also continues to prove its desirability with a 30.78 percent increase in attached sales volume. 

In Loveland’s attached market, residents saw average sales price rise from $9,100,750 to $11,901,786. Meanwhile, their detached market saw a 19.94 percent increase from $452,529 to $542,763 in December 2021.

*Written January 6, 2022. Updates may be available after this date.

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.  

Colorado Real Estate News

December Market Trends in Denver

From October to November, the market saw a staggering decrease in inventory.

There was a 33.41% decrease in month-end active inventory, dropping to 2,248. Throughout the entire Denver Metro area, there are currently only 1,444 single-family detached properties and 804 attached properties to buy.

2022 could be the most competitive year yet. Over the past five years, month-end active inventory dropped between 23.36% in 2016 and 27.92% in 2019. Theoretically, if inventory stayed the course and dropped 25% this year, the market would end the year at 1,686 active properties leading into 2022, which is drastically lower than the end of 2020 and would lead to the most competitive year yet. With 2,248 active listings on the market and that number expected to go down by the end of the month, expectations are that 2022 will be a crazy year.

Despite high competition on the horizon, people continue to buy and sell.

Year-to-date, there have been more houses purchased than in any of the previous five years, with the median sales price for single-family and attached properties setting records at $525,000.

In the luxury market, Denver has more buyers ready to spend $1 million or more on their home today than any other time on record.

With prices higher than ever, November 2021 was more of the same record-breaking trends with lowest inventory, lowest days in MLS, highest sales volume and highest average prices.

Last month, inflation drove up the prices for Denver real estate.

The sales volume in the luxury market is the highest the market has seen in the last five years, up a staggering 69.17% from last year alone. When breaking it down to the attached market, luxury sales are up a whopping 145.84% year-over-year, likely due to the lack of interest in attached living in 2020.

*Written December 8, 2021. Updates may be available after this date.

Colorado Real Estate News

Northern Colorado Market Trends

The market is back to its usual fire in November.

While October looked like there might be some slowdown, November is back to its usual chaos as we slide into the holiday season.

Average days on market in November increased year-over-year for certain parts of northern Colorado’s housing markets except Fort Collins, Berthoud and Timnath.

Timnath only had one closed attached sale and 20 closed detached sales. Berthoud’s attached market experienced a 7.18% decrease from 195 days in 2020 to 181 days in 2021 and its detached housing market experienced a 38.18% decrease from 110 to 68 days.


Less inventory means less home sales in northern Colorado.

Closed sales were generally down year-over-year across most of northern Colorado in November, with Timanth’s attached market taking the lead down 80% from 5 sales to 1 and its detached market in second place with a decrease of 23.08% from 26 days to 20.

Average home sale price increases across northern Colorado.

Despite fewer homes selling, average sales prices have increased year-over-year across all of northern Colorado (with the exception of Timnath’s attached market since there was only one sale). Loveland’s attached and detached market saw a substantial year-over-year increase in average sales price with its attached market seeing a 27.74% from $10,611,047 to $13,554,440. Loveland’s detached housing market experienced a 27.68 percent increase from $57,210,124 to $73,046,917. Meanwhile, Windsor saw a staggering 81.88% increase in average sales prices from $2,922,300 to $5,315,170, leading the way this past month.

Fort Collins continues to prove its desirability with a 21.30% increase in sales volume.

Detached sales in November 2021 went from $92,986,284 in November 2020 to a notable $112,791,880. Attached sales also saw an impressive increase in sales from 66 in 2020 to 82 in 2021, meaning that despite inventory being hard to come by, there are still great opportunities out there on the market!

*Written December 5, 2021. Updates may be available after this date.

Colorado Real Estate News

Enjoying the Holidays in Northern Colorado

Happy Holidays from our family to yours! It’s the most wonderful time of year, and there are so many events in northern Colorado. There’s an activity for everyone, from holiday markets to ice skating. Here are some fun events for you and your loved ones to enjoy! 

Outdoor Fun  

Little Zurich Outdoor Holiday Market 

This outdoor market has a large variety of vendors, activities, performances, drinks, etc. Located at Wolverine Farm Publick House in Fort Collins, it recurs weekly every Thursday-Sunday until December 24.  

Garden of Lights 

Walk through the Garden of Lights to see the thousands of LED bulbs illuminating the beauty of Fort Collins. It is located at the Gardens on Spring Creek and is open until December 26. Tickets for adults/children 12+ are $10, children 5-11 are $5 and children four and under are free.  

Ice Skating at The Promenade 

Ice skating is a classic winter tradition. You can hit the rink at The Promenade Shops at Centerra in Loveland, and it is open until February 14. 

Winter Wonderlights  

Take a walk through the Chapungu Sculpture Park at Centerra in Loveland with your loved ones to see the amazing light shows. The shows run from 5:00pm-9:00pm in 30-minute increments, until January 2, 2022. Local vendors are selling their goodies, too!  

Fort Collins Downtown Lights 

Filled with fun restaurants, bars and shops, downtown Fort Collins is so fun to explore. Now with amazing lights, walking the streets will be even more enjoyable. They will be up until February 14. 

Indoor Activities  

Santa Appearance 

If your little one needs a picture with Santa and still needs to give him their Christmas list, now is the time! He will be at Santa’s Workshop in Old Town Fort Collins until December 24, for free!  

There is something for everyone in Northern Colorado this holiday season. Whether you want to do outdoor or indoor activities, you’ll find something that’s perfect for you! Happy Holidays! 

Colorado Real Estate News

Selling Your Home During the Holiday Season

Shh … we have a little secret! Did you know that the last couple months of the year are an underrated time to sell your home? Yes, we know what you’re thinking: it might be a bad time to sell since most everyone will be busy traveling and preparing for the holiday season, but it can actually work to your advantage. If you’re hesitant about selling your home in the winter weather, maybe these arguments will convince you:

1. Buyers are serious. Due to sudden changes in circumstances, like a new job or wanting to be closer to family before the holidays begin, people are willing to put down money for a home ASAP.

2. The real estate inventory is significantly lower. With less competition, your home can be sold for a higher price and quicker than when the housing market is in higher demand in the spring. Your real estate agent may also be more available since there aren’t as many other prospective homebuyers. You can also hold more showing times because buyers are more likely to be on vacation.

3. There’s nothing like walking into a warm and inviting house after coming in from the cold. A welcoming home allows homebuyers to picture themselves in the space. Invoking this emotional response in a buyer will give them that extra push to pull out their pen and sign the closing documents.

4. End-of-year tax breaks are an added benefit for purchasing a home before December 31st. Those buying a home in the winter can deduct mortgage interest, property taxes and interest costs by closing the sale before the year ends.

5. Decorating the interior and exterior of your home can also contribute to successfully selling your home during the winter. But err on the side of caution when decorating; too many baubles and things can distract buyers from the key points of your home. Highlight areas like fireplaces and living rooms to bring warmth to the space.

Though most home sales happen when the weather outside is less … frightful, the fireplaces inside the houses on the winter market are … delightful! You don’t need to wait for the sunshine to sell. For more advice on how to sell or purchase a home this season, contact us today at kentwood.com.