Colorado Real Estate News

Northern Colorado Market Trends

Home Sale Prices Continue to Rise

In September 2021, all of northern Colorado’s attached and detached housing markets experienced a year-over-year increase in average sales price, except for Timnath’s attached market because 0 homes sold this month. For the detached market, Windsor saw the largest average sales price increase of 32.29%. In the attached market, Loveland saw the largest average sales price increase year-over-year of 19.96%.

Where to Find Cheaper Homes in the Detached Market

In the detached market, Timnath had the smallest year-over-year increase in average sales price of 0.13%, followed by Fort Collins with the average sales price increase of 1.28%. Berthoud had the smallest year-over-year average sales price increase of 3.91%. For those looking to purchase a home without massive increases in prices, consider these markets.

People’s Affinity for Attached Housing

The attached housing market had an increase in closed sales volume in all markets except Windsor and Timnath. Loveland’s attached market experienced the greatest year-over-year increase in closed sales volume of 56.87% in tandem with its closed sales increase of 30.77%, the highest among all other attached housing markets. Loveland’s attached market is selling more homes at higher prices and contains stiff competition for buyers.

Berthoud’s Average Close-To-List Price Reaches Normalcy

Berthoud’s attached market’s average close-to-list price decreased by 2.90% year-over-year resulting in 97.1%. As the area with the lowest average close-to-list price and the only one that decreased year-over-year, Berthoud’s attached market may offer some of the best real estate deals for homebuyers. Although Berthoud’s detached market’s average close-to-list price was 102.2%, it had the second-smallest year-over-year increase of 0.89% behind Windsor’s detached market with a year-over-year increase of 0.20%. Berthoud’s attached housing market contains desirable opportunities for buyers.

Colorado Real Estate News

Best Pumpkin Patches Around the Front Range

Best Pumpkin Patches Denver

Colorado is one of the absolute best places in the United States to experience the magical season of fall. From the crisp altitude air to the breath-taking leaves changing across the Rocky Mountains, Colorado offers a plethora of opportunities to get outside and get some autumn sunshine. If you are looking for a fun activity for the whole family, we recommend experiencing one of Denver’s many pumpkin patches. Great for people of all ages, young and old, kids can pick out their perfect pumpkin to carve for Halloween, while adults can enjoy fetching a few decorative gourds. Below is our list of the top pumpkin patches in the greater Denver metro area. Throw on a sweatshirt, pick out your perfect pumpkin, and even take a tractor ride. Make this upcoming fall one you’ll never forget!


Criteria For Making Our List

Pumpkin Quality

Pumpkins

It’s all about the produce! Picking the right pumpkin means the farm must have an excellent selection. 

Activities

Corn Stalks

All of these patches have additional activities to keep you entertained for hours. 

Accessibility

Gourds

These patches are located close to the greater Denver metro so that you can make a convenient and relaxing day trip out of it. 


Mile High Farms

Mile High Farms is a hybrid of pure family fun. Half of the farm is an amusement park, while the other half is a pumpkin patch. The Bouncy Castle and Petting Zoo are always kid favorites, and the corn maze represents an Indiana Jones-like adventure for the whole family. The pumpkin patch is sizable and always has a good assortment of girth and variety for your plucking pleasure. Mile High Farms is located in Bennet (just east of Aurora) on I-70, next to the Colorado Air and Space Port. 

Address: 11 Cavanaugh Rd, Bennett, CO 80102

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Anderson Farms

Located a short drive away from Boulder, Erie is one of Colorado’s hidden gems, making a name for itself as a fantastic place to call home. If wagon rides are at the top of your list for pumpkin patch experiences, then Anderson Farms is the place. This Colorado staple is a family-run business that has been in operation for decades. The site has a multitude of activities to keep the whole family entertained the entire day and even offers private campfire sites for those wishing to spend the evening! For you brave souls, we recommend sticking around at night for the Zombie Paintball Hunt and Terror in Corn’s Mile of Mayhem.

Address: 6728 County Rd 3 1/4, Erie, CO 80516

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Denver Botanic Gardens at Chatfield Farms 

Denver Botanic Gardens is one of the most esteemed brands in Denver, and their operation over at Chatfield Farms is equally impressive. Boasting one of the longest corn mazes in Denver (7 acres), the Denver Botanic Gardens pumpkin patch is nestled next to Chatfield Reservoir. This year, the maze will have a space theme, so expect it to be one of the busier corn mazes in Denver. You can also take a night trip to the York Street location in central Denver for their Glow in The Gardens celebration, showcasing lit-up pumpkins and gourds. 

Address: 8500 W Deer Creek Canyon Rd, Littleton, CO 80128

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Cottonwood Farms

Opening on the 25th of September, Cottonwood Farms is Boulder County’s premier pumpkin patch. Cottonwood Farms is located in Lafayette, close to Boulder, and is considered a thriving hub for the county. The farm serves up an assortment of different items for the holidays that will leave a permanent grin on the face of any child or parent.  A giant pumpkin patch and a Christmas tree area are some of the highlights of this holiday hotspot. This beautiful farm is by far the most affordable pumpkin patch option; at a five-dollar entry fee, you can’t beat it! They also offer wagon rides and corn mazes to keep the family entertained for hours. 

Address: 10600 Isabelle Rd, Lafayette, CO 80026

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Flat Acres Farm

Parker is quickly becoming one of the fastest-growing suburbs of Denver, and Flat Acres Farm is the highlight of the area this coming fall.  Voted the top Pumpkin patch in Colorado in 2017 and 2018, and they have not missed a beat since. They host an amazing variety of local Colorado food options that includes funnel cakes and ice cream. There will also be a petting zoo with bunnies, sheep, goats, and ponies provided by Kodiak Ranch. For you Halloween lovers, check out Freight Acres – Colorado’s largest outdoor haunted attraction. 

Address: 11321 Dransfeldt Rd, Parker, CO 80134

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Miller Farms

Platteville is a quaint little farming community just east of Longmont, one of the fast-growing cities in Northern Colorado. Out of all of the pumpkin patches on our list, Miller Farms offers the most produce picking. Bring unlimited bags and fill up on peppers, squash, tomatoes, potatoes, green beans, and, of course, pumpkins. Tractors come around every thirty minutes and pick up a new group to take them on an hour picking tour, overlooking acres of gorgeous fields with the picturesque Rockies in the background. Old airplanes and farming equipment are scattered throughout the farm, perfect for playing and climbing on. This pumpkin patch will keep the kids entertained for hours and your fridge full for weeks. 

Address: 13912 CR 19 Platteville, CO 80651

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Conclusion 

Squirrel
Pumpkin Patches Denver

Autumn in Colorado is a season that attracts visitors from all over the world. The red and yellow leaves covering the mountains and hillsides are truly a sight to behold. If Colorado is a place you call home, don’t miss out on visiting one of the above pumpkin patches this October. More than just a place to pick produce, these pumpkin patches are an experience the whole family will enjoy. Kentwood Real Estate is an elite team of REALTORS® whose exceptional service, local expertise, and deep community roots create a market advantage for clients. If you are looking to buy or sell a home in Colorado, don’t hesitate to contact us today.  

Colorado Real Estate News

Best Rooftop Restaurants and Bars in Denver

Denver’s vibrant and eclectic food scene is one of the fastest-growing in the nation. One way to experience the expanse of bars, pubs, restaurants, and eateries is from high up. With sweeping views of the iconic skyline and breathtaking sunsets over the Rocky Mountains, the Mile High City boasts some of the country’s best rooftop restaurant decks. Some have a pool to cool you off in the summer, while others have fire pits for those chilly Colorado evenings. There’s one thing for sure, every one of the restaurants below offers something unique you won’t want to miss!


El Five

Created by Justin Cucci, one of Denver’s most prolific restaurateurs, El Five is located on the fifth story of a LoHi office building, providing the eatery with exceptional views of the surrounding area and stunning Denver skyline. But the eye candy doesn’t stop at the panorama: the rooftop decor is unmistakably hip and artistic, pulling inspiration from vintage Turkish posters and paintings, all with a modern twist.

“Creating dishes without a home country,” El Five’s assembly of the Tapas De Gibraltar is a melting pot of Mediterranean dishes. Spain, Italy, France, Greece, Israel, Morocco, Turkey, and Lebanon, this culinary experience is truly one of a kind. In tandem, the drinks are nothing short of gourmet. Inspired by Spanish gin and tonics, the cocktails are brilliantly infused with herbs and fruits, leaving a gold rush of flavors for the palate. If you’re looking for a full-blown sensory expedition complete with stunning views, then this is your place to go. Brought to you by the same mind that conceived Denver favorites, including Ophelia’s Electric Soapbox, Linger, and Root Down, El Five is a true treat for the senses. 

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El Five Denver Rooftop
El Five Denver Rooftop View

Kisbee on the Roof – Jacquard Hotel

Nestled atop the tallest hotel in Cherry Creek, the experience at Kisbee on the Roof is quintessentially art decor Miami circa 1970. Picture the elevator doors opening. You immediately enter a slick, modern bar with a panoramic of downtown, backdropped by sprawling mountain peaks. Turn to your left, and the remaining two-thirds of the rooftop belongs to Jacquard Hotel’s private pool, encapsulated with trees and shrubs for privacy.

During the afternoon, you are so high up, all you can hear are the birds chirping. As the day grows older, the story is quite different. At about 5 pm, people start rolling in, the energy on the ascend. By nightfall, the vibe is alive.  It is loud and exciting, music is playing, the sound of ice crushing inside metal cocktail shakers. You are on top of the world! Although reservations are not required at Kisbee on the Roof, they are permitted, and we would recommend making one, as this hidden gem gets busy!

Kisbee on the Roof - Jacquard Hotel
Central Park Playground Denver

Jax Fish House Glendale

An energetic, non-traditional fish house bringing flavors of the American coast to the Rocky Mountains. Jax Fish House has five fabulous locations in Colorado, but the rooftop deck at the Glendale location is a sight for sore eyes. Enjoy any of their classically crafted cocktails paired with fresh seafood while relishing a dazzling sunset over the eastern slope.

There are obvious risks to shipping fresh oysters from the coasts to a land-locked state like Colorado. Jax Fish House found a way to mitigate any mystery surrounding their fresh oysters by working with Rappahannock River Oysters (RRO) in Virginia to develop the Emersum Oyster. This oyster is exclusive to the restaurant. And, for every Emersum oyster grown, a dozen wild oysters are seeded. It’s clear that this local seafood spot is committed to sustainability. Jax restaurants were the first in Colorado and Missouri to receive a certification by Monterey Bay Aquarium Seafood Watch, one of the leaders in globally sustainable seafood. So go ahead: enjoy your oysters, your wine, and your immaculate view of the Rocky Mountains, all while knowing that you’re also supporting a business dedicated to environmental preservation.

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Jax Fish House Glendale
Jax Fish House Glendale

The Irish Rover

The Irish Rover is a classic Irish pub offering a warm, friendly, and rugged vibe only found on South Broadway. If you’re looking for a casual and relaxed way to spend your afternoon or evening, this is the rooftop for you. This pub prides itself on being a place to meet new friends or celebrate with old ones, and it’s easy to see why. The go-with-the-flow atmosphere and spacious rooftop allow for plenty of socializing, all while enjoying an eclectic assortment of delicious beers on tap.

Offering pub food with a twist, you’ll find a wide variety of familiar and flavorful treats to enjoy. There’s plenty to savor with your cold beer, from Fried Egg Burgers and Southwest Chicken Salads to Tempura Shrimp and Irish Breakfasts. And if you find yourself lucky enough to be at this great spot on the weekend, you can pop in for brunch, complete with breakfast skillets and french toast galore. Are you looking to mix it up a little? Every day has different specials and events! From Open Mic Nights to Trivia to Taco Tuesdays, there’s always something to put a smile on your face at this traditional Irish pub.  This rooftop deck experience is genuinely a Wash Park gem. 

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The Irish Rover
The Irish Rover

Elevated at Halcyon Cherry Creek

Elevated, a rooftop bar located atop the Halcyon Hotel in Cherry Creek is the definition of luxury. With gorgeous views of the mountains and the larger Cherry Creek area, the vibe errs on the side of the ultra-chic and sophisticated.  Elevated finds the prime intersection between classy and creative by offering plenty of fun cocktails, including Fruit Punch Pouches and Frosé.  The food and snacks provided include items like fish tacos, queso, and grass-fed cheeseburgers. If you happen to find yourself there on a Friday, Saturday, or Sunday, additional menu items are available, including grilled flatbread and artisanal hot dogs. So go ahead: treat yourself!

The second half of the rooftop is a gorgeous private pool with lounge chairs and umbrellas for hotel guests. Even if you live in Denver, we recommend booking a weekend stay at the Halcyon in the summer just to experience the sunset while sipping champagne in the pool.  

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Elevated @ Halcyon
Elevated at Halcyon

Avanti F&B

Avanti F&B has an expansive rooftop deck showcasing spectacular views of downtown, the Rocky Mountains, and LoHi neighborhood. The dynamic assortment of food and beverages is unique to only Avanti. They regularly change their indoor food trucks to keep their menus fresh and customers coming back for more.  

You can choose from their wide selection of wines, specialty cocktails, or the twenty draft beers they offer, as well as almost any cuisine you can imagine to pair with your drink of choice. From Nashville-style hot chicken, Thai street skewers, and Venezuelan arepas, you can quickly quench your thirst and satisfy your cravings by popping into this unique restaurant concept. Avanti also offers plenty of events to enjoy every week. Get the most out of the incredible rooftop experience by joining in on a weekly watch party! The Summer Movie Series at Avanti is offered every Thursday at 9 pm, where you can watch fan-favorite films projected on the rooftop and even partake in movie-specific cocktails. Or, if you want to venture through the rest of the building, you can go down to the lounge on Comedy Nights featuring Denver’s up-and-coming comics or even pop in for Trivia Nights every Monday at 7 pm. 

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Avanti Rooftop
Avanti Rooftop

Del Frisco’s Grille Cherry Creek

Del Frisco’s Double Eagle Steakhouse is a chain of over 12 restaurants nationwide, providing consistently delicious American cuisine since 1981. The Cherry Creek location, Del Frisco’s Grille, is the second in Colorado and embodies the perfect blend of hip and classical. The restaurant is split into two rooms on the first floor, making for a unique design. An oversized bar, high-top tables, and leather booths occupy the south side, while a traditional dining area with wine bottle-covered walls decorate the north room. 

The magic of Del Frisco’s Grille continues when you venture upstairs to the rooftop bar on the second floor. With spectacular panoramic views of Cherry Creek, this large outdoor area offers a full menu, fire pit tables, umbrellas for shade, and stays open until 11 pm during the summer. With one of the best happy hours in Cherry Creek, we recommend the Cheesesteak Egg Rolls and Jumbo Lump Crab Cake, paired with an Old Fashion or practically anything off their extensive wine list. Be sure to try the 16oz USDA Prime Ribeye with sweet potato fries and truffled Mac & Cheese for dinner. The original Colorado Del Frisco’s is located on Orchard Road in Greenwood Village. Both are excellent steakhouses where you’ll find nothing short of elegant dining and extraordinary American cuisine. 

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Del Friscos
Del Friscos

Ya Ya’s Euro Bistro

Ya Ya’s Euro Bistro epitomizes traditional Mediterranean cuisine in a sophisticated, upscale setting.  Located in Greenwood Village, smack in the middle of I-25 and the Denver Tech Center, Ya Ya’s is great for casual diners, business meetings, or private events. With a seasonal menu that changes daily, this family-owned and operated restaurant is committed to supporting local farmers throughout Colorado. In addition to Lunch and Dinner, Ya Ya’s also serves their infamous brunch on Sundays. We recommend the finger-licking Stuffed French Toast or hearty Eggs Benedict. 

The outdoor area at Ya Ya’s is more of a patio than a rooftop, but with spectacular views overlooking Greenwood Village, we had to include it on our list. Most rooftop decks ooze happy hours and excitement. On the contrary, Ya Ya’s deck is unconventionally calm and serene, perched above a small pond overlooking Crescent Park. With jazz playing softly in the background, you can hear ducks waddle in the pond below, the wind softly ruffling Karl Foerster Grass, and water trickling from the fountain. This outdoor space is by far the quietest and most serene rooftop deck in the Denver metro. Sit, relax, and enjoy a glass of wine or cappuccino at Ya Ya’s on a peaceful summer evening. 

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Ya Ya's  Rooftop
Ya Ya’s Rooftop

Colorado Real Estate News

Cherry Hills Village Colorado is Exquisite

Cherry Hills Village showcases magnificent private residences, exceptional schools, and a network of sprawling trails and parks. Residing in this exclusive neighborhood feels like living in the European countryside, but only minutes away from one of the fastest-growing cities in America. Douglas-firs, Quaking-aspens, and Gambel-oaks tower overhead in the Colorado blue sky. Purple Rocky Mountain Penstemons and Hardy Geraniums color gravel roads leading to French and Mediterranean-style mansions resting on massive estates. We best describe Cherry Hills Village as western elegance meets high-end living. This small town just outside of Denver is a slice of heaven, and we’re not alone in our viewpoint. According to Bloomberg, Cherry Hills Village is one of the most prestigious neighborhoods in the whole country.

Location is Everything

The superb location allows for a short drive to Downtown, Cherry Creek, and Denver Tech Center – one of the state’s largest business centers littered with fortune 500 companies. It’s also near both major highways (I-70 and I-25) for quick access to practically anywhere in Colorado your heart desires – only three and a half hours to Aspen, two hours to Vail, an hour to Colorado Springs, and forty minutes to Boulder. Cherry Hills is also less than 20 minutes from both major reservoirs in the Denver metro (Chatfield State Park and Cherry Creek State Park).

Outdoor Activities

Woodie Hollow Park

Either you are a “native” and born to love the outdoors or a transplant who moved here for the three hundred plus days of sunshine. Either way, Cherry Hills Village is packed with fantastic outdoor activities year-round, sure to keep your heart healthy and lungs filled with pure Colorado air.  

Trails, Trails, and More Trails

The infamous Highline Canal twists through Cherry Hills Village, making stops along Three Pond Park, John Meade Park, and Blackmer Commons. The trail is a mix of paved and gravel paths, with endless subsidiary routes off-shooting into rolling meadows overlooking gorgeous estates. The trail passes by magnificent Kent Academy, and on an exercise-filled day, you can even take the trail all the way to Chatfield reservoir.  

John Meade Park 

If you are looking for a great place to take the kiddos, this open-air space is home to a fishing pier, picnic shelter, and playground. It is also located on the Highline Canal, so you can access it by bike or foot, with parking for those who wish to drive. 

Three Pond Park 

This untouched hidden gem is a breathtaking escape for a stroll, bike ride, or fishing outing. The soothing and serene atmosphere allows for bird watching and wildlife observing. If you are here long enough, you’ll be sure to see equestrians pass along on the dirt trails, horseshoes kicking up dust into Feather Reed. 

Private Country Clubs

Founded in 1922, Cherry Hills Country Club is Colorado’s premier luxury country club. Membership grants you full access to the outstanding 18-hole William Flynn-designed course, a 9-hole par three course, tennis courts, a lap pool, and a brand new 50 million dollar clubhouse. Cherry Hills Country Club has also hosted both the US Open and the PGA championship multiple times in its illustrious history. 

Humbling resting on the south edge of Cherry Hills Village, Glenmoor Country Club resembles an old Scottish lynx-style course. The clubhouse hosts two quiet pools with cabanas and a water slide for the little ones, as well as exceptional indoor and outdoor dining. 

A Plethora of Education Options

Whether it’s private or public schools, Cherry Hills Village has some great options when it comes to education. The neighborhood is located in Cherry Creek School District (CCSD),so from K-12, your kiddos start at Cherry Hills Village Elementary, then move up to West Middle School, and lastly finish at Cherry Creek High School.  If you would prefer your children to attend private schools, the neighborhood is home to Colorado Academy, Kent Denver School, and St. Mary’s Academy.

Shopping, Restaurants, Culture

Cherry Hills Village is, well, a village. This means there are limited shopping and restaurants within the city limits; however, due to its close proximity to Denver and neighboring suburbs, endless restaurants, bars, grocery stores, and shopping are only a short drive away. We recommend Trader Joe’s at Cherry Hills Marketplace or Whole Foods at Southglenn Mall for groceries. Cherry Creek Mall is only a 15-minute drive north for some of Denver’s finest indoor and outdoor shopping, and Park Meadows Mall is a 15-minutes drive south. We also recommend catching a concert at Fiddler’s Green – a fabulous outdoor concert venue featuring A-level bands and breathtaking sunsets over the Rocky Mountains. 

Where to Eat?

Steakhouse 10 – This restaurant exudes old-school cool. Serving expertly crafted meats, our favorite is the Sinatra steak with a port and bleu cheese topping. 

Izakaya Den and Sushi Den – These sister restaurants have exemplified fine dining in Denver for decades. They’re across the street from each other in the Washington Park neighborhood and have unique takes on magnificently executed Japanese cuisine. The fish is freshly caught and flown in every day from Japan, handpicked by the owner’s brother. The quality and service are unparalleled—one of the best independently-owned Sushi restaurants in the nation. 

Pino’s Place – This delightful local spot by chef and owner Pino Saverino features food inspired by his childhood in Italy. They offer classics like Osso Bucco Agnello, Gnocchi, and Snapper Livornese. The specialty of the restaurant is their delightfully thin-crust pizzas. This small and delicious restaurant is a neighborhood favorite notorious for treating its customers like family. 

Sushi Co – This local sushi spot is relatively new but has made a splash by producing excellent cuisine in a relaxed environment. The restaurant’s highlights include a delightful sushi bar and creative handrolls.  

Shanahan’s – Named after two-time Super Bowl-winning coach Mike Shanahan, this exceptional steakhouse has a classic, old-school ambiance. Located in Denver Tech Center, we recommend the three-course Prime Rib Sunday Special. We also suggest taking a photo next to Mike’s two Lombardi trophies. 

YaYa’s Euro Bistro – With a seasonal farm-to-table menu and award-winning wine selection, YaYa’s has delivered unique and sophisticated cuisine in Greenwood Village since 1996. YaYa’s also makes our list of the best rooftop restaurants and bars in greater Denver. 

Conclusion 

Cherry Hills Village
Cherry Hills Village Park

Cherry Hills Village is Denver’s premier affluent and upscale neighborhood. Seclusion, nature, luxury – all of these characteristics define a lifestyle unmatched along the Front Range for its residents. With abundant greenery and gorgeous rolling hills, the allure of living in this private community is multifaceted. Picture your life in complete serenity – a place void of high-density development and traffic, preserved with its pristine ambiance and wholeheartedness of the land. Envision your children attending the best schools in the nation and belonging to Colorado’s best country clubs. All of this is at your fingertips, and the kicker is, it’s just a short drive away from Denver, and a hop, skip, and jump to the mountains!

Colorado Real Estate News

Denver’s Digital Art Scene

Want to explore the Denver art scene? Look no further! Denver is home to year-round art events in various vibrant and cultural art districts. This month, two exceptional digital exhibitions are coming to Mile High City. Meow Wolf Denver opened their doors on September 17, and the Original Immersive: Van Gogh Exhibit Denver is opening on September 30 to the public. 

Meow Wolf

Meow Wolf is opening their third permanent exhibition, Convergence Station, which is an experience one should not miss. Three years in the making with art from 300 creatives (over 110 from Colorado) explore four stories, five large “anchor spaces” and 70 distinct rooms of exquisite digital art. As a permanent location, embrace a unique and mind-bending adventure of innovative storytelling on September 17. Please note that masks must be worn at all times and gaiters, bandanas, valved masks or any other masks the CDC does not recommend are not permitted (CDC recommended masks will be provided if necessary). They recommend arriving 15-20 minutes before your reservation and parking is $10 per vehicle all day. For more information and tickets, visit (here).

The Original Immersive Van Gogh Exhibit

Immersive Van Gogh is one of the most anticipated shows, and it is finally coming to Denver. The exhibition is a lifetime experience that consists of Van Gogh’s work in 500,000 cubic feet of projections. Step into the painting and explore the wonder of Van Gogh’s masterpieces in an immersive medium. The modern portrayal of the iconic artist in Lighthouse Denver is designed by Emmy Award-winning and Tony Award-nominated David Korins, creating a gallery unique to only Denver. For more information and tickets, visit (here) and learn about their safety protocols (here).

Denver’s expansive and entertaining art scene is elevating beyond the tangible level to new digital heights. Denver will be a hub of artistic creativity with Meow Wolf’s locally produced experience and Van Gogh’s modern interpretation through projections. Be sure to check out these events! 

Colorado Real Estate News

Market Trends

August 2021 Reported A Seasonal Slowdown

The transition from July to August felt like a shift as vacations slowed down in preparation for the school year. The report saw this reflected in the days in MLS, which increased from nine to 11 in August 2021. Likewise, the close-price-to-list-price ratio dipped ever so slightly month-over-month. 

Month-End Active Inventory Dropped Dramatically

Month-end active inventory dropped 11.69%. Historically speaking, the change in inventory is relatively consistent from July to August.

Both Inventory and New Listings Decreased

The short-lived “loose grip” on inventory tightened once again. Months of inventory decreased from the previous month to 0.637. 

The Luxury Market Remains Strong

In August 2021, the Luxury Market stayed strong overall. New listings dipped 18.56% from 598 homes to 487 and closed sales were down 13.97%, with sales volume trailing behind with a 12.65% lag. Following the trend of sluggish numbers, the average days in MLS shot up 71.43%, from 14 days in July to 24 days in August.

Detached Homes Experienced a Shift but Fared Well

In August, detached homes reported 413 new listings and 410 closed properties. However, new listings dipped by 19.34% from last month, while closed sales dropped 15.98% from 488 homes to 410. The most promising news in the detached market is that pending sales climbed slightly month-over-month by 8.24%, with 407 homes currently under pending status. 

Attached Homes Marched to a Different Drum

New listings were down 13.95% to 74 while pending sales dropped 24.24% to 50 homes. Closed sales increased slightly from 49 homes to 52 resulting in a slight increase in sales volume. Average days in the MLS jumped 100% from 30 days to 60 days, while the median days jumped 83.33% to 11 days.

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

Colorado Real Estate News

Real Estate Northern Colorado Market Trends

Despite Seasonal Slowdown, Timnath’s Attached Market Rages On

The white-hot real estate market is beginning to cool in northern Colorado as closed sales of detached and attached homes experienced a year-over-year decrease during August. The only regions with a year-over-year increase in closed sales were Timnath’s attached market, with a staggering 83.33% year-over-year increase, and Boulder, with a 4.71% increase. Berthoud’s attached market showed the most significant year-over-year decrease in closed sales of 53.85%.

Homes Are Not on the Market for Long

Although closed sales are slowing from 2020 levels, average days on market continues to decrease year-over-year across almost all of northern Colorado. Timnath’s attached market was the only one that saw an average days on market increase of 1.27%. Berthoud’s attached market had homes flying off the shelf the quickest, with an impressive year-over-year decrease of 85.59%, down from 229 days in 2020 to 33 days in 2021.

Homes Are Still Selling for More

Although voraciously hungry homebuyers have had their appetite slightly tamed, the average sales price was still up year-over-year in every northern Colorado area except Timnath’s detached market, which showed a decrease of 7.97%. Fort Collins’ detached housing market had the greatest year-over-year increase in average sales price of 27.24%, up from $530,676 in 2020 to $675,255 in 2021.

In addition to an increase in average sales price, the average close-to-list price has experienced a year-over-year increase in every northern Colorado market. Timnath’s detached market had the smallest increase in average close-to-list price of 2.10%; however, at 102.3%, buyers were still paying more to stand out from the competition. Despite its high housing costs, Boulder has surprisingly demonstrated the lowest average close-to-list price of 98.3% in 2021.

*Written September 3, 2021. Updates may be available after this date.

Colorado Real Estate News

Outdoor Beauty in Fort Collins

Fort Collins, CO (or FoCo, as the locals call it) is a haven for all who live or visit. With its small-town feel and outdoor beauty, it provides a comforting feeling for all, not to mention it’s gorgeous during all four seasons. The trees, flowers and the views of the mountains are stunning throughout the year. There is something for everyone in FoCo, no matter what you’re seeking. 

Horsetooth Reservoir

While the weather is still lovely, Horsetooth Reservoir is a fantastic place to go to catch some rays. You’re able to ride horses, bike or hike on the trails surrounding the reservoir. With plenty of places to camp, this oasis is open all year.

The Oval

Colorado State University’s Oval is home to 100-year-old elm trees that bring vibrant color and life to Fort Collins during the summer and fall months. It’s equally beautiful in the winter when the tree branches are capped with snow. Colorado State University graduates celebrate here, and locals will have a picnic in this scenic spot. The Oval is a great spot to spend your day reading a book or journaling. 

CSU’s Annual Flower Trial Garden

Colorado State University’s Flower Trial Garden is an amazing place to see the stunning flowers that Fort Collins offers. The Trial Garden is a great place to walk around, breathe and be present with the world around you. The garden initially bloomed in 1971; the purpose was to see how many flowers could endure the Colorado climate, and every year, they test over 1,000 varieties of annual bedding plants.

Hiking and Biking

There are over 280 miles of trails in Fort Collins, including paved and unpaved for walking and biking. As everyone knows, hiking is an amazing way to see the true beauty that Colorado has to offer while getting some steps in. Fort Collins’ most popular trails are the Horsetooth Rock Trail at Horsetooth Reservoir, the Arthur’s Rock Trail at Lory State Park and the Coyote Ridge Trail at Coyote Ridge Natural Area. 

Whether you live or visit there, Fort Collins is a great place to see the true beauty of Colorado at all times of the year. With unparalleled access to nature, from expansive mountain ranges to thousands of trees and flowers, Fort Collins offers a unique outdoor experience that highlights the tremendous beauty of our magnificent state.

Colorado Real Estate News

9 Backyard Improvement Ideas To Increase Your Home’s Value

After an exhausting day at work, relaxing in the comfort of your own home is always something to cherish. Sitting on your couch and watching TV, settling in with a book, taking a bath—the options are endless. But even without the stress of work, there’s still that nagging reminder of your home responsibilities and chores.

For these reasons, many homebuyers are viewing modern backyards as an essential feature. There is no true sanctuary like your backyard; it can be as cozy as your living room with the added benefit of fresh air. Backyard remodels are the latest trend that is adding value to the home for year-round enjoyment.


Take a peek at these nine improvements you can make to your backyard to increase your home’s value.


1. Add a Deck or Patio

According to Forbes, 58% of homeowners plan to buy outdoor furniture this year, more than double last year. This past year has found people stuck at home, and backyards are a place of retreat now more than ever. Transforming your backyard with outdoor spaces such as patios or decks is an effective way of creating that special haven.

2. Stay Comfortable With an Outdoor Firepit

Who doesn’t love to sit around a warm and cozy fire? An outdoor firepit can replicate the atmosphere and heat that you feel inside. Whether you want fresh air on a cold winter day or s’mores on a cool summer night, an outdoor fire pit will keep you toasty. Jessica Yonker of HGTV Gardens says an outdoor fire pit can increase your home’s value by 15-40%—which is considerably high for an inexpensive option.

3. Install a Swimming Pool

A swimming pool can be a distinctive selling point when competing with other homes. Furthermore, buyers and homeowners have found a new appreciation for swimming pools. As people find more ways to enjoy spending time at home, installing a swimming pool can appeal to the general public and luxury homebuyers. 

4. Outdoor Kitchen

Outdoor kitchens are rapidly growing in popularity among homebuyers. The pandemic resulted in many homeowners thinking outside the box when hosting guests. Outdoor kitchens are no longer a luxury feature but an item on many homebuyers’ wish lists. A study from Absolute Outdoor Kitchens found that homes with an outdoor kitchen can see a return of investment of 100% to 200% compared to homes without.

5. Outdoor Lighting

Simple, yet effective. Outdoor lighting can transform a bland backyard into a sophisticated, warm and welcoming oasis. It could be as easy as a string of white lights across trees or as complex as lighting your entire patio. Whichever route you choose, lights are a surefire way to make your outdoor space brighter and more inviting.

6. Revitalize Your Lawn

First impressions are everything for homebuyers. A well-maintained lawn can catch a homebuyer’s eye, and it can certainly influence their decision. According to the Lawn Care Institute, turf grass alone can increase a home’s value by as much as 15%.

7. Privacy Fence

One of the appeal factors of backyards is the seclusion they can provide. A privacy fence can help make your backyard feel like an actual place to retreat. Not only can a fence maintain your hideaway, but it can help support the safety and security of your family and pets. 

8. Garden

Over time, a well-kept garden will make your home more enticing to homebuyers. It can demonstrate that the owners take extra care and pride in their property and potentially increase the chances of a sale. Based on a survey by Home Light, a well-maintained garden can boost property value by as much as 77%.

9. Shade Structures/Pergolas

It can be challenging for those in hot areas to relax in a backyard without any shade. Pergolas are a great way to make seating areas or dining tables more comfortable. In addition, pergolas come in all shapes and styles that can match any home design. 

When deciding which features you should equip in your backyard, homeowners should stay up-to-date with current trends. The pandemic has persuaded people to rethink their outdoor design spaces, and as a result, companies are now more innovative with their outdoor products to craft an ideal backyard oasis. 

These nine backyard improvements can boost the value of your family life while adding to the long-term investment of your home.

Colorado Real Estate News

Supporting Black-Owned Businesses in America

In 1619, Dutch traders sold 20 Africans into slavery in Jamestown, Virginia, marking the beginning of African enslavement in North America. Although the 13th Amendment abolished slavery in 1865, the recent events of Charlottesville and George Floyd have proven (once again) that African Americans are still fighting for change in this country. But, how do we stand together in solidarity in support of the black community? 

Being an ally doesn’t just mean protesting or taking to social media. Supporting Black-owned businesses is one thing you can do to show unity with the African American community. Black-owned businesses are a source of pride and power for African Americans. They’re an essential part of black history and culture, but they also present a unique opportunity to invest in the future of black people in this country. 

With the current racial climate in America, we at Kentwood believe it’s critical to stand with the black community by supporting, endorsing, and partnering with their businesses. Here is a wonderful list of Black-owned companies in Denver worth considering, as put together by 303 Magazine. 

August is National Black Business Month, and in support, we would like to invite you to Coffee at the Points on September 7th (details below). 

COLORADO BLACK BUSINESS RECOGNITION

August is National Black Business Month in America, a time when individuals and businesses recognize Black-owned businesses across the country. This BEOC September Black Business event is a part of that national acknowledgement as well as a celebration of Colorado Black Women Business Leaders and Colorado Business Leaders who have demonstrated a commitment to social equity, diversity and inclusion in the Colorado and Denver Business landscape.    

COFFEE AT THE POINTS 

BRINGING CORPORATE COLORADO AND THE  BLACK BUSINESS COMMUNITY TOGETHER

TUESDAY, SEPTEMBER 7, 2021 \ 4:30PM- 6:30PM (5:15PM PROGRAM)

710 E. 26TH AVE(AT WELTON ST. – IN PERSON)                                                    

CASH BAR | PARKING GARAGE AVAILABLE

FOR MORE INFORMATION CONTACT: JOHN BAILEY AT 720-629-0964 OR johnbailey062@gmail.com