Colorado Real Estate News

Top Reasons to Look for Your Next House Over Holiday Weekends

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

At Kentwood Real Estate, our team of professional brokers, residential and commercial, are expertly managing the current Colorado real estate market dynamics and stand by for all of our clients who are ready to transact real estate.

As Memorial Day approaches, we remember and honor those servicemen and women who gallantly and selflessly served our country and paid the ultimate price. Many people will be spending the weekend in reflection, visiting cemeteries and memorials to honor friends, relatives and strangers.

While remembrance is the most vital part of the Memorial Day weekend, it also signifies the unofficial start of summer for so many people. Whether you’re planning to spend the weekend celebrating or reflecting, if you’re in the real estate market this may be a good weekend to check with your agent to see if there are homes or properties that meet your criteria.

Buyers Will Be Off the Field

We’re hearing of buyers who have taken themselves out of the game, at least temporarily. Which could mean relative ease for those buyers who want to stay active over the upcoming summer holidays. If home sellers experience fewer showings, buyers could be in a better position. Perhaps reducing the number of competing offers to just a few, or none.

Sellers Will Be Motivated

Sellers who have their homes on the market for more than a week are getting antsy. They hear about multiple offers within hours and become concerned if that’s not their experience. Even with the expert guidance of a broker who can explain that the process varies across prices and locations, we’ve heard of Sellers who are finding themselves disappointed when they don’t get above list in hours. A slower holiday weekend might be a great time for buyers to take advantage of slowing the process down. Having plenty of time in a home to really take it in and a negotiation that is more give and take, win/win.

School’s Out for the Summer

Finally, with school ended or ending soon and summer vacations not quite starting, Sellers who have their homes on the market will be anxious to get a deal done before the dog days of summer set in.

Final Thoughts

If you’re a buyer who has a desire to spend a part of your Memorial Day weekend house hunting, this could be a great time to catch a deal, or at least find a home that suits you without as much competition as we’ve been experiencing as of late. Contact a Kentwood Real Estate broker to get the home buying or home selling process going and start your search on kentwood.com. We represent clients all up and down the Front Range from Fort Collins to Colorado Springs.

Colorado Real Estate News

5 Tips to Maximize Your Home Sale

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

If you’re ready to make a move to a new home, you’re in a great position to sell this Spring. Housing inventory remains low which has been driving up buyer competition. This gives homeowners better leverage to sell for the best possible terms, and it’s been fueling a steady rise in home prices throughout Colorado.

In a hot market like the Front Range real estate market for homes, properties are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 days nationally. The Denver metro average Days on Market (DOM) in April was just 13 days and in Fort Collins average DOM for single-family homes in April was 47.

Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return. Not every home is selling in hours for the above list, so it’s a great idea to calibrate your expectations. Resolve to be content if you have an offer within the range of average DOM for at, or close to, list price. Call it a happy by-product of a crazy market if you’re one of the lucky ones with a property that is bid up.

1. Give your house that homey feel

Use your time to declutter. Pack the bulk of your personal items like photographs, awards, and sentimental belongings. The more neutral and tidy the space, the easier it is for buyers to picture themselves living in the home. According to the 2021 Profile of Home Staging by NAR:

“82% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”

Not only will your house potentially attract the attention of more buyers and likely sell quickly, but the same report also notes:

“Eighteen percent of sellers’ agents said home staging increased the dollar value of a residence between 6% and 10%.”

As Jessica Lautz, Vice President of Demographics and Behavior Insights for NAR, says:

“Staging a home helps consumers see the full potential of a given space or property…It features the home in its best light and helps would-be buyers envision its various possibilities.”

2. Keep It Clean

Another important habit while showing your home is to keep it neat and clean every day that it’s on the market. Before a buyer stops by, pick up toys, make the beds, and wash the dishes. This will reduce the number of distractions that can lessen the appeal of your home.

Ensure your home smells fresh and clean, but don’t use grocery store plug-ins to do it. Buyers will remember the smell of your house, and according to the same report from NAR, the kitchen is one of the most important rooms of the house to focus on if you want to attract more buyers. Open windows for fresh air, bake cookies, or light a vanilla candle for an hour before the showing.

3. Give Buyers Access

Buyers are less likely to make an offer on your house if they aren’t able to easily schedule a time to check it out. If your home is available anytime, that opens up more opportunities for multiple buyers to go from curious to eager. It also allows buyers on tight schedules to still get in to see your house.

While health continues to be a concern, it’s important to work with your agent to find the best safety measures and digital practices for your listing. This will drive visibility and create access options that also keep everyone in the process healthy. Real estate agents in Colorado have become very adept at following guidelines and protocol and as the regulations loosen, your broker will be able to keep you apprised of methods to satisfy everyone wherever they are on the spectrum of safety.

4. Price It Right

Even in a sellers’ market, it’s crucial to set your house at the right price to maximize selling potential. Pricing your house too high is actually a detriment to the sale. The goal is to drive high attention from competing buyers and possibly even let bidding wars push the final sales price up. If you receive full price or close to it, that’s a good thing!

5. Set Reasonable Expectations

Average prices are up year-over-year, but more inventory is slowly coming. If you price your home right the first time, it will sell faster and for more money. Half the listings are now going under contract within the first 4 days, but many sellers are finding themselves still on the market one or two weeks out.

Heading into June, buyer fatigue is setting in. We’re finding that by the third weekend on the market, homes are selling for 98.8% of the original list price. You only have about 7 days to make a great impression for both condition and price. Then buyers will begin to suspect there’s something wrong. Calibrate your expectations and be content if you receive list price.

Key Takeaways

If you want to sell your home on your terms, in the least amount of time, and for the highest price, today’s market sets the stage to make that happen. Give yourself the best chance by hiring a Kentwood Real Estate broker to help you sell or buy and get the job done with the best possible outcome. Find Colorado Front Range homes on www.kentwood.com

Colorado Real Estate News

Do’s & Dont’s of Preparing to Sell Your Home

Image of a woman hanging a photo on the wall

If you’ve been considering selling your home, now is the perfect time, and if it hasn’t crossed your mind, maybe it should! Springtime is in full swing and the Denver housing market shows signs that NOW is the time to sell. As you prepare to list your property and search for your dream home, here are a few key “Do’s & Don’ts” of preparing to sell to keep in mind.

With our spectacular state offering various unique and breathtaking activities during all months of the year, we urge you to take advantage of the warming weather and embrace Colorado’s beauty. So, get outside, connect with nature and slake your thirst for adventure.

Do’s

Declutter Before Showing

  • When you’re preparing for potential buyers to walk through your home, you want them to enter into a clean and inviting space. That is why it is essential to declutter and reorganize your home. Getting rid of unnecessary items that have piled up over time will make your rooms look bigger and more spacious, it will be easier for guests to walk around and it better displays the best features of your home. Real Homes stresses that forgetting this critical step may cause buyers to worry that the clutter covers spaces that would require repairs and renovations. So, take some time to go through each room and declutter so that you can show off that built-in shelving unit or beautiful granite countertops!

Consider Curb Appeal

  • First impressions are everything, and when potential buyers arrive at your home, the first thing they see is the front of the house. Therefore, it could be worth it to spend some time and money updating your landscaping with some new shrubs and a freshly trimmed lawn or adding some eye-catching decor to the front porch.

Depersonalize the Living Spaces

  • As people stroll through your home during a showing, they want to be able to picture themselves and their significant others or families living there. By removing some large family portraits, vibrant wallpaper and scattered personalized decor and replacing them with aesthetic and neutral decorations, you give the buyer more creative room to imagine what the space would look like if it were their own. Homelight offers a great list of specific aspects to depersonalize before you begin showings.

Don’ts

Wait Until the Spring to Sell

  • While many homeowners put their houses on the market in the springtime, houses are constantly selling throughout the year! As we approach summer, don’t wait until next year to list your property. Choosing to start your selling journey NOW with ravenous buyers engaging in bidding wars can position you to earn a premium on your home sale.

Be Present At Showings

  • There are a couple of reasons why it is always best to elect not to be present when a potential buyer is visiting your home for a showing, according to SFGATE. First of all, it can make the guests feel uncomfortable and hesitant to truly examine the space, such as peek into the cabinets and explore the closets. Secondly, it can appear more like desperation to sell as opposed to your excitement for new opportunities. Finally, agents are experts in what to say and how to present the home, and while you may know more than anyone as the current homeowner, you may reveal information that the agent doesn’t appreciate. To avoid any of these potential mishaps, make yourself scarce during showings.

Make Major Renovations

  • While you may have a beautiful, updated vision for your home, Realtor.com notes that it is impossible to read the minds of your future buyers. This is why making major design renovations could be both a waste of money and a disadvantage for your likelihood to sell. Additionally, inexpensive or DIY renovations could make aspects of your home end up looking cheaper than before, which may be especially unappealing to buyers. When considering updating your home prior to putting it on the market, it is best to focus on maintenance repairs like plumbing, as opposed to updating the appearance.

Now that you have learned some of the major “Do’s and Don’ts” of preparing to sell your home, it may be time to consider exploring new options in a new place or a new house and putting your home on the market! Denver real estate is booming, so there is truly no time like the present!

Colorado Real Estate News

Northern Colorado Distilleries

Image of an empty bar at a distillery

Here in Colorado, we love our craft alcoholic beverages. From beer to spirits, we adore them all. If you’re looking for a taste of Colorado craft culture, head to Northern Colorado. The Fort Collins area is full of locally owned and operated distilleries with liquors that will quench your thirst and brighten your spirits.  

Elevation 5003 Distillery
With open indoor and outdoor seating, Elevation 5003 Distillery is perfect for those looking for a fun tasting experience in an elevated atmosphere. They focus on inventive hand-crafted spirits, and every step of the creation process takes place in-house. This innovative distillery started as a passion project but has grown into a prominent pillar of the Fort Collins craft spirits community.

Feisty Spirits Distillery
If you are feeling spunky, speed on down to Feisty Spirits Distillery! Focusing on small-batch American whiskeys, Feisty Spirits is full of feisty and spirited artisans passionate about their craft. This distillery is the perfect place to add a little spice to your day with a handcrafted whisky, bourbon, malt or rye.  

Mobb Mountain Distillery
Are you looking for great rye or gin? Then mosey on over to Mobb Mountain Distillery. Founded on the principles of adventure, sustainability, community and quality, Mobb Mountain is sure to tickle your tastebuds. They have recently reopened their patio, so be sure to stop by for some splendid spirits and sunshine!

Old Town Distilling Co.
The Old Town Distilling Co. is located in the Fort Collins brewing district. As Colorado’s first and only certified organic distillery, Old Town sources its raw ingredients from all over the state. They are proud to adhere to the most sustainable practices when crafting their delicious booze and distribute their spent vodka and whiskey grains to local cattle and hog farmers. 

Coppermuse Distillery
If you’re looking to be inspired, why not try out a new muse? Coppermuse Distillery is the ideal locale for those who want a unique liquor tasting experience. Their tasting room is full of spectacular handcrafted spirits and cocktails, infusions and weekly food specials. So, stop by Coppermuse for some great booze and a tasty bite. 

Old Elk Distillery
Old Elk Distillery is known for its Dry Town™ Gin and Vodka, but their product line doesn’t stop there. As the new kids on the block, Old Elk Distillery has stepped into the Fort Collins craft alcohol scene with a bang. They were even named the Colorado Distillery of the Year at the New York International Spirits Competition. So, if you want to try award-winning locally crafted booze, check out the Reserve Old Elk’s tasting room.  

NOCO Distillery
NOCO Distillery is a craft micro distillery that produces high-quality whisky, gin, rum, vodka and brandy. Focusing on small-batch distilling, NOCO uses handcrafted, American-made copper stills and American and European oak casts in their process. They also source local raw ingredients as much as they can and use Colorado botanicals and fruits in their delicious spirits. So, if you want to get a taste of environmentally conscious Colorado craft spirits, take a trip to NOCO. 


In Colorado, making liquor or beer is more than a process; it is a craft, and the Fort Collins area is home to many spirited savants. So, if you want to step into Colorado craft culture and take a sip of in-house-made liquor Northern Colorado is the place for you. Just be sure to enjoy your alcohol adventure responsibly.   

Colorado Real Estate News

Spring Thaw Hikes in Colorado

Image of pair of hiking shoes

As the snow is melting, spirits are rising. After months of hibernating inside, it may feel like time to explore the ethereal outlooks Colorado has to offer. Check out this list of 5 Colorado hikes for you to embrace the fresh air, warm weather and revitalizing sunshine.

Flagstaff Trailhead
If you’re looking for a leisurely stroll paired with a panorama, the Flagstaff Trailhead in Boulder, CO is for you. With a drive just as gorgeous as the hike, gaze over the Boulder and Denver cityscape freshly sprinkled with greenery. Not only will it satisfy your need for nature, but the infinite sight will also inspire the depths of your imagination. 

High Dune Trail
To explore dreamlike terrain and break a sweat, try the idyllic High Dune Trail. While humanity has not made it to Mars, this trail will most definitely inspire extraterrestrial allure and an elevated heart rate. Hiking up the sandy mounds, you’ll experience a sense of awe with their expansive appearance and a backsplash of Colorado’s foothills. The challenging incline will leave you breathless, literally.

Sugarloaf Mountain Trail
Change up morning monotony for a sunrise on Sugarloaf Mountain Trail. Get a taste of pure beauty with views of the Indian Peaks to the West and the Front Range to the East. The 360-degree views will bless your eyes with a rich color palette of beautiful wildflowers. Dogs can use this trail if kept on a leash so you and your four-legged friend can have a sweet start to your day. 

Mills Lake
Are you craving a waterside front? Mills Lake will quench your desire with striking waterfalls, mountains, and a subalpine lake with prime real estate for picnics. Located in Rocky Mountain National Park, hike to this refreshing oasis by starting at the Glacier Gorge Trailhead, located on Bear Lake Road. Note that Rocky Mountain National Park charges for daily entrance passes per vehicle or individual if on foot, horse or bike. You can also purchase an annual pass for $70 (here).

Red Rock Canyon
If you’re in the mood to cover terrain that looks like it’s from a prehistoric era, Red Rock Canyon Open Space is for you. While there are no dinosaurs, the angular, copper-colored rocks called “hogbacks” appear to be straight out of the Jurassic period, and for a closer look, there is rock climbing available (permit required). Featuring trails of all levels, an off-leash dog area and fantastic views of Garden of the Gods, walk among the series of parallel red rock ridges with a renewed sense of wonder.

Colorado Real Estate News

Northern Colorado Real Estate Market Trends

Image of two outdoor chairs sitting in front of a lit outdoor fireplace

Home Prices Increase Except in Berthoud

The average sales prices across northern Colorado continue to skyrocket for attached and detached homes except in Berthoud, which saw a year-over-year decrease of 0.69 percent in the average sales price of detached houses and a year-over-year decline of 7.49 percent in attached homes. Those looking to buy for cheaper may find opportunities in this area.

The Demand for Boulder

The intimate atmosphere in Boulder is still extremely attractive, as shown by the most significant increase in closed sales and closed sales volume year over year. Since April 2020, detached homes saw a closed sales increase of 144.23 percent and a closed sales volume increase of 316.56 percent, and attached properties experienced a closed sales increase of 120.51 percent and a closed sales volume increase of 142.74 percent. 

Attached Properties in Windsor Are Lacking Love

Windsor saw the largest disparity in sales of detached and attached homes as the closed sales and closed sales volume of detached properties increased by 79.10 percent and 89.47 percent year over year, respectively, while closed sales and closed sales volume of attached homes decreased by 50 percent and 46.94 percent year over year, respectively. Despite the sizable drop in purchases of attached properties, prices haven’t lowered, as the average sales price increased by 6.11 percent and detached homes’ average sales price increased by 5.79 percent.

Homes Are Flying off the Shelves Faster

Berthoud saw the most drastic drop in average days on market with an 83.54 percent reduction for attached properties and decreased to the shortest timeframe for average days on market across northern Colorado at 26 days in April 2021 from 158 days in April 2020. Fort Collins has the lowest average days on market for detached homes, with a 44.78 percent reduction, going from 67 days in April 2020 to 37 days in April 2021. Homebuyers need to make quick decisions to compete in these fast-paced markets.

*Written May 25, 2021. Updates may be available after this date.

Colorado Real Estate News

Denver Real Estate Market Trends

Image of a fireplace and patio lounge furniture

April 2021 Showed Blatant­­ Hyper-Demand In the Residential Housing Industry

The market continues to result in historic low months-end inventory, even with months-end active inventory increasing by 35.03 percent. Altogether, there were still only 2,594 active properties at the end of the month, representing the lowest April on record and 48.38 percent less inventory.

The Importance of One Year Ago

April 2020 was a month of confusion and uncertainty for the world. The ebbs and flow of being an “essential” worker were reflected in new listings last year, which were down 43.02 percent compared to April of this year. Since last year, the market has seen a steady rise in competition and therefore prices have as well. With only two weeks of inventory, year-over-year appreciation continues to be staggering for the market while also bringing homesellers inevitably great returns, increasing 24.20 percent in April. 

The Luxury Market Has Experienced the Most Growth

In 2018, 2019 and 2020, year-to-date closed sales of properties over $1 million were 649, 654 and 661, respectively. So far, in 2021, there have been 1,353 closed sales, more than double the number of the past three years. The median days in MLS for the Luxury Market was seven, down from 23 in 2020, 22 in 2019, 32 in 2018 and 48 in 2017. 

Where We Stand With Inventory Lows

Historically, the market has seen annual inventory reach its low point in February and March, followed by increased listing activity until it hits inventory peak in August and September. The Luxury Market appears to follow the trend with 28.82 percent more new listings in April than March, showing that it may be possible for buyers who outlast the competition fatigue to find themselves with more options than they have seen in the past few months. If so, with only one month of inventory for attached homes and 1.97 months for attached homes, buyers will need to keep vigilant. 

*Written May 10, 2021. Updates may be available after this date.

Colorado Real Estate News

Why You Shouldn’t Give Up on the Colorado Housing Market

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

In a recent Kentwood Real Estate team meeting, we discussed the Colorado housing market and heard tales of some buyers starting back off, deciding they’ll wait until the timing “improves” for buying their next home.

In the Metro Denver housing market, the mid-price range is generally thought to be $500,000 – $900,000. In Northern Colorado the mid-range is $300,000 – $600,000. The brokers at our meeting indicated there were listings in this range that saw fewer than expected showings this week and fewer than expected offers. Some of the buyers in this range (in specific locations and markets, not all) appear to be stepping onto the sidelines.

Questions our brokers are asking buyers who have become fatigued by the velocity of the market are:

  1. Do you think home values will be higher a year from now?
  2. Do you think mortgage rates will be higher a year from now?

If the answer to one or both of these questions is yes (which is likely) then here are a few things to consider if you’re one of those fatigued buyers.

Where will home prices be a year from now?

Averaging recent projections from major industry forecasters, the expectation is U.S. home prices will increase by 7.7% in 2021. The Denver Metro Association of Realtors reported April 2021 year-over-year price appreciation was 6.19%. The Fort Collins Board of Realtors reported at the end of April the YOY median price increase was 14.6%.

Let’s look at a house that’s valued today at $500,000 as an example of what happens by purchasing now versus waiting a year, when prices and rates have increased:

If a buyer makes a 10% down payment today on that $500,000 home ($50,000,) they’ll end up borrowing $450,000 for their mortgage. Applying the U.S. average projected rate of home price appreciation in 2021 (7.7%,) the same house will cost $538,500 next year. Next year, with a 10% down payment of $53,850, the buyer would be borrowing $484,650.

You can see that as a result of rising home prices, a prospective buyer will have to put down an additional $3,850 and borrow an additional $34,650 just for waiting a year to make their move.

Where will mortgage rates be a year from now?

Today, mortgage rates are hovering around 3%. However, most experts believe they’ll rise as the economy continues to recover. Any increase in the mortgage rate will also increase a purchaser’s cost. Here are the forecasts for the first quarter of 2022 from four major entities:

What happens if both home values and mortgage rates increase?

A buyer will pay more in their monthly mortgage payment if both variables increase. Assume a buyer purchases a $500,000 home this year with a 30-year fixed-rate loan at 3% after making a 10% down payment, their monthly principal and interest payment would be $1,897.

That same home one year from now could be $538,500 and the mortgage rate could be 3.5% or greater. The monthly principal and interest payment on $484,650 (purchase price less the 10% down payment) would be $2,176.

The difference in the monthly mortgage payment would be $279. That’s $3,348 more per year and $100,440 over the life of the loan.

Bottom Line

When asked if they should buy a home, buyers like to think about the nonfinancial benefits of owning a home. When asked when to buy, the financial benefits make it clear that doing so now is more advantageous than waiting until next year. Jumping into multiple offers can be deflating and exhausting, but with strong representation and a fighting attitude, there will be a win. As inventory comes on the market this spring there will be better opportunity to find a great home.

Navigating the Colorado Real Estate Waters

For more information on Colorado, Denver and Fort Collins housing, connect with a Kentwood Real Estate broker to talk about the best ways to navigate such an energetic market. Our residential and commercial brokers sell and lease properties across the Northern Front Range of Colorado from south of Castle Rock to Denver and up to the Fort Collins area. Search for your 

Colorado Real Estate News

Are we in a Housing Bubble?

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

Lawrence Yun, Chief Economist for the National Association of Realtors (NAR) recently said, the period we’re in “is not a bubble. It is simply a lack of supply.”

  • In a recent article about the intense demand we’ve seen play out since late 2020, Lawrence Yun discussed the state of today’s housing market.
  • Yun addressed whether today’s high buyer competition and rising home prices are evidence of a housing bubble and said that this “is not a bubble. It is simply lack of supply.”
  • Today’s housing market remains competitive, with rising prices driven by buyer demand.

Kentwood Real Estate Agents Have Their Say

I queried several of our Metro Denver and Northern Colorado agents and they weighed in on the bubble theory.

“I’ve been in real estate sales in Colorado for several decades. There have only been three years out of the past 30 when we saw housing actually depreciate. Two of the Great Recession years and one year in the 1970’s.”

“I’ve been explaining today’s housing dynamics to my clients. They understand that there aren’t enough homes for the number of buyers in the market and absent a huge influx of inventory (unlikely) or a large rise in interest rates (not anticipated in the near-term) we will remain in a seller’s market for quite a while.”

“When supply and demand begin to get more in-balance, price appreciation will slow to single digits from double digits. I don’t anticipate it slowing to the point where we see loss of home values unless there’s a crazy unplanned incident. A “Black Swan.” Covid was that Black Swan in 2020 and even that only caused a two to three month pause in the housing market.”

Navigating the Colorado Real Estate Waters

For more information on Colorado housing, connect with a Kentwood Real Estate broker to talk about the best ways to navigate such an energetic market. Our residential and commercial brokers sell and lease properties across the Northern Front Range of Colorado from south of Castle Rock to Denver and up to the Fort Collins area.

Colorado Real Estate News

March News Recap 2021

The Colorado housing market continues to be highly competitive testing buyers, and showing just how far people are willing to go to secure their dream homes. Proudly rooted in Colorado, our Kentwood brokers are experts in the Colorado market. As local experts, Kentwood Real Estate was featured in several news articles in the month of March, use the links below to read more!