Colorado Real Estate News

Upcoming Winter Festivals

photo depicting a wintry town decorated with lights

There are many ways to appreciate the beauty of winter! Whether that is sipping hot chocolate, enjoying a ski weekend or simply creating your very own snow angel, Coloradans acknowledge how lucky we are during the winter season. With the ethereal Rocky Mountains just over the canyon, adventure is always at our fingertips. This winter season let us help you create your very own winter wonderland by discovering festivals all around Colorado!

Breckenridge Ullr Fest

A festival dedicated to the God of Snow? Say no more. This small winter obsessed ski town pays tribute to Ullr, the Norse god of snow, with the hopes that he will bless this winter with record-breaking snowfall. Since 1963, Breckenridge has dedicated a week towards their Norwegian heritage by throwing on their Viking hats and embracing the winter spirit. This year get involved in the town scavenger hunt, experience multiple art installations and watch a winter film series screening! Take a trip down to Breckenridge on December 9th-19th to help the town “Pray for Snow”!

Estes Park Winter Festival

I mean, who doesn’t love some local beer and live music? The annual Estes Park Winter Festival encompasses the joy of winter in one weekend. On January 16th and 17th, escape your worries and enjoy this monumental and idyllic town. This family-friendly atmosphere provides an assortment of activities, including bounce houses and obstacle courses, silent disco and retail vendors. If you have a homemade chili recipe that is sure to impress, make sure to sign up for the Chili Cook-off sponsored by the Chili Appreciation Society International. 

Steamboat Springs Winter Carnival

Throw on your ski boots and take a drive to Steamboat Springs to partake in the 108th Annual Winter Carnival! Hosted by Steamboat Springs Winter Sports Club, this gathering represents the community’s appreciation for athleticism and winter. Voted one of the Top Ten Winter Festivals by National Geographic, Steamboat Springs embraces their ski heritage by hosting various events showcasing their talented ski and snowboard community. Watch individuals flip and twist in the air as they show off their skills that make you wish you took an extra ski lesson or two! This 5-day festival from February 3rd-7th is the definition of a perfect winter wonderland.

Colorado Real Estate News

4 Reasons Why the Election Won’t Dampen the Housing Market

Today, Americans will decide our President for the next four years. If you haven’t already, make sure you get out and vote today! While this decision will have a major impact on many aspects of life in this country, the residential real estate market will not be one of them.

Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect of a possible first-time buyer program, and any number of other situations based on who wins. The Colorado housing market, however, will remain strong for four reasons:

1. Demand Is Strong Among Millennials

The nation’s largest generation began entering the housing market last year as they reached the age to marry and have children – two key drivers of homeownership. As the Wall Street Journal recently reported:

“Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery.”

2. Mortgage Rates Are Historically Low 

All-time low interest rates are also driving demand across all generations. Strong demand created by this rate drop has countered other economic disruptions (e.g., pandemic, recession, record unemployment).

In addition, Freddie Mac just forecasted mortgage rates to remain low through next year:

“One of the main drivers of the strong housing recovery is historically low mortgage interest rates…Given weakness in the broader economy, the Federal Reserve’s signal that its policy rate will remain low until inflation picks up, and no signs of inflation, we forecast mortgage rates to remain flat over the next year. From the third quarter of 2020 through the end of 2021, we forecast mortgage rates to remain unchanged at 3%.”

3. Prices Continue To Appreciate

The continued lack of supply of existing homes for sale coupled with the surge in buyer demand has experts forecasting strong price appreciation over the next twelve months.

4. History Says So

Though it’s true that the market slows slightly in November when it’s a Presidential election year, the pace returns quickly. Here’s an explanation as to why from the Homebuilding Industry Report by BTIG:

“This may indicate that potential homebuyers may become more cautious in the face of national election uncertainty. This caution is temporary, and ultimately results in deferred sales, as the economy, jobs, interest rates and consumer confidence all have far more meaningful roles in the home purchase decision than a Presidential election result in the months that follow.”

Ali Wolf, Chief Economist for Meyers Research, also notes:

“History suggests that the slowdown is largely concentrated in the month of November. In fact, the year after a presidential election is the best of the four-year cycle. This suggests that demand for new housing is not lost because of election uncertainty, rather it gets pushed out to the following year as long as the economy stays on track.”

Bottom Line

There’s no doubt this is one of the most contentious presidential elections in our nation’s history. The outcome will have a major impact on many sectors of the economy. However, as Matthew Speakman, an economist at Zillow, explained last week:

“While the path of the overall economy is likely to be most directly dictated by coronavirus-related and political developments in the coming months, recent trends suggest that the housing market – which has basically withstood every pandemic-related challenge to this point – will continue its strong momentum in the months to come.

If you are ready to buy or sell in Colorado, contact a Kentwood Real Estate broker to help you, and answer all your questions.

Colorado Real Estate News

CEO Reflections

Written by Kentwood Real Estate President and CEO Gretchen Rosenberg

Rooted In… Community Engagement

Be a Giver

Kentwood Real Estate and our ancillary companies like Denver Rental, Kentwood Commercial, Kentwood Relocation, and Prosperity Home Mortgage are filled with people with a passion.

We’re passionate about where we live and work and about giving to our communities in myriad ways. Our company purpose states “Deep Roots Matter” because we believe in our core that where you live is more than the sticks and bricks of your abode.

Vote

This week dropping your ballot in a vote box or heading to the polls on Tuesday are the best ways to demonstrate your civic engagement. Don’t sit on the sidelines hoping others will do the heavy lifting. Aside from the big races, we have many important ballot initiatives on the Colorado ballots that will impact our lives in large and small ways. Consider all sides of the equation and make a choice. Then take that ballot and drop it in a secure box by Tuesday afternoon or find your local polling place if that’s your preference.

Engage

The list of where our people volunteer their time and send their donations is lengthy. Check out more information on how we’re rooted in community at Kentwood.com. Stand alongside our volunteers and help. This week alone we raised hundreds of dollars and filled a truck with donations on a few hours’ notice to help the Grand County fire victims. We don’t have an office in Grand County and only a couple of our brokers sell in that region. But all Coloradoans are our neighbors and we’re here to help the communities we love.

Give – Engage – Vote 

Colorado Real Estate News

Kentwood Real Estate Raises $1,250 for HomeAid Colorado

The annual Kentwood Real Estate golf tournament raised $1,250 for HomeAid Colorado.

The tournament was held at The Club at Inverness. With a great turnout, and some of our highly regarded partners and sponsors, Kentwood was able to raise over $1,200 for HomeAid Colorado at the putting contest!

Thank you to all of our sponsors and everyone who participated and donated!

Colorado Real Estate News

Denver’s Housing Market Remains Tough For Buyers As Inventory Remains Low

September 2020 revealed the toughest market to buy a home in metro-Denver’s history. Housing inventory can’t keep up with the buyer demand, putting us in a very strong seller’s market. The average price for both single-family and condo homes in Denver hit a record high.

“It is incredibly difficult for buyers today, they’re just having to work like crazy,” said Jill Schafer broker at Kentwood Real Estate. “People are having to put all their cards on the table.”

Click here to hear more about the Denver housing market, and what else the DMAR October Market Trends report revealed.

Link: CBS4 Denver – Denver’s Housing Market Remains Tough For Buyers As Inventory Remains Low

Colorado Real Estate News

As single-family homes get snatched up, downtown condo listings stack up

While you may have heard that homes are being sold quickly and at record prices, one piece of the Denver real estate market doesn’t quite compare. The downtown condominium inventory continues to rise, and the prices continue to drop.

Read the full article in BusinessDen, and see what our Kentwood City Properties broker, Dee Chirafisi, has to say about the downtown market. Dee has been working in the downtown market for over 25 years now and shares her expertise on the subject, and what she believes will happen in the coming months.

Read the full article here: As single-family homes get snatched up, downtown condo listings stack up

Colorado Real Estate News

Kentwood Real Estate President and CEO Gretchen Rosenberg Honored with the 2020 HousingWire Vanguard Award

HousingWire announced today that Kentwood Real Estate President and CEO Gretchen Rosenberg has been honored with its 2020 HW Vanguard Award. This is the sixth year that HousingWire has recognized executives in the housing industry for their outstanding leadership. Rosenberg was selected for being a leader within the housing industry by “moving markets forward, each and every day” and positively contributing to the growth of the housing economy. 

“In the program’s most competitive year yet, 50 winners rose to the top, boasting their outstanding achievements in innovation and leadership,” said HousingWire Magazine Editor Kelsey Ramírez. HousingWire’s 2020 Vanguards have led their respective companies to spectacular success, as evidenced by expanding products, services, and profits.

“The achievements of this year’s Vanguards are hard to overstate,” said HousingWire Editor in Chief Sarah Wheeler. “They are leading some of the most iconic and successful mortgage and real estate companies in the world and adapting and innovating even in the midst of a global pandemic. The Vanguards represent the industry’s best and brightest, and we are excited to celebrate Gretchen Rosenberg’s remarkable accomplishments.”

As President and CEO of Kentwood Real Estate, Rosenberg’s role first and foremost is to support Kentwood brokers. Today, Rosenberg leads Kentwood’s growing elite team of over 240 Realtors® in Colorado’s finest luxury brokerage, which has produced more volume per agent than 99% of all real estate companies in the United States.

Under Rosenberg’s leadership, Kentwood Broker Associates closed over $2 billion in total sales volume and closed over 3,000 transactions last year. The overall average sales price notably rose year over year to $767,556 with four of the top 10 highest-priced home sales in metro Denver, more than any other brokerage in the top 10, according to REColorado data.

Additionally, Rosenberg has led Kentwood through the COVID-19 crisis. Stay-at-home orders disrupted what would have been a record-breaking start of the 2020 spring residential real estate rush. As other brokerages scrambled for direction, Rosenberg’s proactive leadership kept Kentwood’s brokers in front of the crisis by issuing guidance with every new milestone.

To learn more about Kentwood Real Estate and Gretchen Rosenberg, visit www.Kentwood.com.

Colorado Real Estate News

Kentwood Real Estate President and CEO Gretchen Rosenberg on DenX Panel

Photo by Alyson McClaran, for the article on BusinessDen. Click here to view the full article and see more photos from the event.

President and CEO of Kentwood Real Estate, Gretchen Rosenberg, served on a panel at DenX this week. She was one of four female leaders chosen to discuss their industry and professional experiences.

Click here to read the full article on BusinessDen to learn more about what happened at the event.

Colorado Real Estate News

The Scoop on Noco Farmers Market Openings

Farmers market season is upon us in Northern Colorado, and while many are looking forward to the fresh food, socializing, and supporting local business owners, there’s no doubt things are going to look a little bit different this year due to the COVID-19 pandemic.

Despite coronavirus pumping the brakes on many of our favorite summer traditions this year, most of Northern Colorado’s farmers markets have scheduled their returns, but with strict regulations in place. Here’s the scoop on which Northern Colorado farmers markets will be open this summer, and what you should expect from the guidelines that are put in place.

Fort Collins Farmers’ Market

The Fort Collins Farmers’ Market is located outside of Ace Hardware at 1001 East Harmony Road, and is held from 10 a.m. to 2 p.m. on Wednesdays and Sundays.

The market will include signage throughout encouraging shoppers to keep their visits brief and maintain proper social distancing and hand sanitizing. Shoppers over the age of two will be required to wear masks, and curbside pickup for the elderly and health-compromised individuals is being considered. No dogs will be allowed at the market this year, and aisles between booths will be expanded to 16 feet allowing for more space and better traffic flow. Food will also no longer be consumed on-site and all ready-made food must be taken to-go.  

Fort Collins Farmers’ Market on Drake (Formerly known as the Drake Road Farmers’ Market)

The Fort Collins Farmers’ Market at 802 West Drake Road takes place on Saturdays from 9 a.m. to 1 p.m. and will honor the same rules and regulations as the Fort Collins Farmers’ Market.

Larimer County Farmers’ Market

Located at the Larimer County Courthouse parking lot (200 West Oak Street) from 9 a.m. to 1 p.m. on Saturdays, the Larimer County Farmers’ Market is asking shoppers to come solo in order to cut down on foot traffic and shopping times. Signage will direct shoppers through the market, and masks, gloves, and physical distancing are encouraged. Market Bucks will not be sold this year in order to cut back on money handling, and instead, exact change or credit cards are encouraged whenever possible.

Farmers Market at Fairgrounds Park – Loveland

The Farmers Market at Fairgrounds Park is located at 700 South Railroad Avenue in Loveland and is held from 9 a.m. to 1 p.m. every Sunday from now through September.

This year’s market will feature fewer vendors, booths will be more spaced out and wider aisle spaces and the focus will primarily be on food and produce. The city is also working to create an online market component, which will allow shoppers to preorder items and pick them up curbside. For more information, please visit cityofloveland.org/farmersmarket.

Windsor Farmers Market

The Windsor Farmers Market is located at Boardwalk Park in Windsor from 9 a.m. to 1 p.m. every Saturday beginning June 20.

There will be new rules and regulations that are not yet determined according to the town’s Parks, Recreation and Culture department, however, they will be following social distancing guidelines and recommendations from the Weld County Department of Health and Environment as well as the Colorado Farmers Market Association.

Colorado Real Estate News

Kentwood Real Estate Rallies to Support HomeAid

Kentwood Real Estate Brokers and Staff Raise Over $4,800 to Support HomeAid Colorado’s ‘Safer with Homes’ Campaign via Live Virtual Open Houses

At Kentwood Real Estate we believe accomplishing more together fosters closer-knit communities where neighbors help neighbors. As a leading Denver-area, Fort Collins and Front Range real estate brokerage in Colorado, Kentwood Real Estatetakes seriously its responsibility as a stakeholder in local communities, and our role begins with service.

Because of our deep roots, Kentwood Real Estate will always maintain a deep commitment to community service. We are honored to have supported HomeAid Colorado’s Safer with Homes campaign and in such an innovative way.

HomeAid Colorado, a local chapter of the national network of HomeAid America, recently canceled its annual 2020 Building Homes – Rebuilding Lives breakfast fundraiser due to impacts stemming from COVID-19. Last year’s event raised $120,000 for the organization’s critical efforts in supporting programs for those highest at risk of homelessness.

As an official partner of HomeAid Colorado, Kentwood Real Estate is proud to do its part to help make up for the loss in contributions by supporting HomeAid’s Safer with Homes initiative. Kentwood broker associates participated with virtual home tours on social media, calling on their own individual networks to sponsor HomeAid’s campaign.

We are so inspired by our brokers as they collectively raised $4,853 for the cause.

Our Kentwood Real Estate family is passionate about supporting our local community. In addition to the Safer with Homes fundraiser, Kentwood brokers were also hard at work serving neighbors in response to impacts stemming from COVID-19. Kentwood donated pizzas to front-line workers in hospitals and firehouses in Denver and Fort Collins to show our appreciation for their selfless work, as well as contributed to the Denver Metro Association of Realtors® 21-Day Fundraising Challenge which raised nearly $10,000 for HomeAid Colorado to help community members directly affected by the pandemic. Before that, Kentwood Real Estate hosted holiday drives donating over 100 toys to the beneficiaries of Mercy Housing and Be the Gift and over 400 items to HomeAid Colorado’s Essentials Drive. Every year, Kentwood brokers and staff individually support over 500 local, national, and international organizations through volunteerism and fundraising.

It is so important to give back, and for neighbors to help neighbors. We are here to support and serve our community and we are ready to step up even more now during these unprecedented times. We are in this together. #KentwoodStrong

By Gretchen Rosenberg, President & CEO of Kentwood Real Estate