Colorado Real Estate News

Denver Market Trends

While inventory is on the rise, so are prices.

The average price of a single-family detached home in Denver Metro is $825,073, which represents a 3.93 percent increase from April. With consecutive months of increased prices and the recent uptick in interest rates, a buyer’s monthly mortgage has increased as well. The average close-price-to-list-price ratio in April for the detached market was 107.29 percent. The close-price-to-list-price ratio shows that a month ago buyers were still bidding prices up an average of 7% above list price.

Sales velocity, closed sales versus month-end active inventory, is evidence that demand remains high.

Because of this, statistics like average sales price are affected. The most significant factor influencing the supply and demand this month is interest rates. Many homeowners refinanced over the past two years due to low-interest rates at the time. Now rates are hovering around five percent, providing those homeowners minimal financial incentive to move. Moving has become more influenced by a lifestyle or employment change.

Increased interest rates are impacting inventory.

While Metro Denver still has relatively low inventory, it’s no longer historically so.  There were 610 fewer properties on the market last year compared to today. The market usually sees an 8.59 percent increase in month-over-month inventory this time of year. This month, it saw a 44.26 percent increase. Providing hope to buyers.

In the Luxury Market, inventory is also on the rise.

There was a 57.65 percent increase in new listings from this time last year. However, as a result of inflation, more homes will cross the threshold into the Luxury Market simply due to list price or more likely due to bidding wars that can end 20 percent or more over the asking price.

In part due to seasonality, new listings for detached homes rose 26.62 percent from last month. 

This is a 63.73 percent jump from last year for new listings. Pending sales rose 27.15 percent to 562 properties and 599 closed homes, a 17.91 percent increase from last month. 

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

Colorado Real Estate News

It’s Selling Season

Recently a couple who I represented many years ago told me they might be selling their local home and moving to a Colorado resort community. Their question was, “when is the best time of year to put our house on the market?”

If you’re ready to move, you have an incredible opportunity in front of you today. Our expert brokers at Kentwood Real Estate will help you determine when to list your home, but generally our top sales prices are seen between February and May every year.

Looking at the big picture, the opportunity you have as a seller today is unprecedented. Last year was a hot sellers’ market. This year, inventory is even lower, which means the opportunity to sell remains high. Finding your next home in a market with low inventory can be challenging, but is that a large enough concern to pass up some of the best conditions sellers have ever seen?

According to the National Association of Realtors, in February, the average home sold received 4.8 offersWhen buyers are competing like this, they’ll do what they can to make their offer stand out. This could play to your favor and mean you’ll see fewer contingencies; more cash offers and offers over asking price. Selling when demand is high, and supply is low sets you up for a win.

If you’re also looking to buy a house, you may wonder if you’ll have trouble finding your next home. Remember that perspective is key. As Danielle Hale, Chief Economist at realtor.comsays:

The limited number of homes for sale is a lesson in perspective. This same stat that frustrates would-be homebuyers also means that today’s home sellers enjoy more limited competition than last year’s home sellers.”

You have an incredible advantage when you sell your house under these conditions. Since buyer demand is so high at a time when seller listings are so low, there’s a good chance buyers will be competing for your house. An experienced broker can next help you navigate the purchase process.

Today, there are far more buyers looking for homes than sellers listing their houses. Connect with a Kentwood Real Estate Broker so you have expertise on your side to help you win when you sell and when you buy.

Colorado Real Estate News

Denver Market Trends

Inventory growth in the Luxury Market.

Buyers in the Luxury Market should be pleased to see the largest rise in inventory of any price point. With a 58.22 percent increase in the detached market and a 60.53 percent increase in the attached market for homes available for purchase from February to March, buyers in the $1M+ range should be relieved from a historically tight market. But bidding wars have continued with the average luxury home price increasing 7.8 percent month-over-month with an average of 7.66 percent of homes going over list price.

Sales prices continue to grow.

With average sales price reaching $705,812 and month-end active inventory growing 81.16 percent from February to March, demand may decline due to increased interest rates. 995 listings hit the market at the end of the month which might have the potential to aid in balancing out supply and demand. This 43.7 percent increase will serve to balance the accelerated price appreciation that has recently taken place in the market.

Sellers need to stay grounded.

As homes continue to sell for over the asking price, sellers need to keep in mind that buyers can sense when a home is worth less than what is listed and this is expected to be reflected in the market. With rising prices, buyers will feel the market is reaching its peak and wait till prices stabilize.

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

Colorado Real Estate News

April: Fair Housing Month

April is Fair Housing Month and it’s imperative to remain educated about this topic. Discrimination in the real estate industry is prevalent in people’s daily lives. Keep reading to find out more and ways you can educate yourself and help to solve this ongoing issue:

History of Fair Housing Month

On April 11, 1968, President Lyndon B. Johnson signed the Fair Housing Act of 1968, therefore commemorating fair housing annually in April. The Fair Housing Act prohibits discrimination based on race, religion, gender, national origin, disability and family status. Since its inception, it has helped working families of all races and backgrounds find affordable housing, helped break patterns of segregation and bring diverse communities, but there is still more to be done. To help the development of the Fair Housing Law, the US Department of Housing and Urban Development was created.

It can be difficult to want to educate ourselves on things that don’t directly affect us, but fair housing is incredibly important and something that affects those around us. There are many ways you can educate yourself. Check out these video, podcast and book recommendations from the National Association of Realtors®:

Video Recommendation:

“Why Cities are Still So Segregated” from NPR

In this short, six-minute video, Gene Demby from NPR’s Code Switch explains why some neighborhoods remain still segregated today.

Podcast Recommendation:

The Red Line: Racial Disparities in Lending from The Center of Investigative Reporting

In this podcast episode, reporters analyzed 31 million government mortgage records and found that people of color were more likely than white people to be denied a conventional home loan in 61 metro areas.

Book Recommendation:

“Sundown Towns” by James W. Loewen

Loewen sheds light on the racial exclusion in America. He uncovers what he calls “sundown towns,” which are exclusively white towns where it was an unspoken rule that black people were not welcome.

Residential segregation in America did not happen by accident. Hence, April is a great month to look internally to ensure that you are providing inclusive communities to your clients. We all have an amazing opportunity to be a part of the solution.

The NAR website has fantastic resources for you, and the Denver Metro Association of Realtors® is hosting their first annual Housapalooza event on April 23. Housapalooza is “the must-attend event for first-time homebuyers and sellers in metro Denver.” They have phenomenal speakers including Albus Brooks, Former Denver City Council President and event host, Ryan Haarer, Former TV Newsman for 9News. Fair housing matters year-round, but April is a great month to reevaluate your practices and identify how you can be a part of the solution.

Kentwood Real Estate is constantly striving for equality in everything we do. Our Diversity, Equity and Inclusion Councils have been working to introduce equality and diversity throughout our brokerage. Our Kentwood Cares Foundation was created to support our internal Kentwood community of employees and brokers and external community of nonprofit organizations. We are here to help and support our community in anyway we can.

Colorado Real Estate News

Must-See Red Rocks Concerts This Spring

Whether you visit or live locally, Red Rocks Amphitheater is a Colorado staple. There are a variety of concerts that anyone will love with gorgeous views to match. At the end of 2021, Red Rocks won first place in Billboard Magazine’s year-end chart of top-grossing and best-attended venues, and for good reason! You don’t want to miss a concert there. Here are the amazing concerts coming up this spring:

For the rap/R&B lovers:

April 16 at 6:30 p.m.: Kevin Gates & Gucci Mane

April 18 at 6:30 p.m.: Wiz Khalifa & Trippie Redd

April 19 at 7:00 p.m.: Ice Cube & Cypress Hill (apart of 4/20 on the Rocks)

April 20 at 4:15 p.m.: Pepper & Method Man & Redman

April 27 at 7:00 p.m.: Ludacris & Nelly

May 1 at 6:00 p.m.: Tech N9ne

May 8 at 8:00 p.m.: Russ

May 31 at 7:00 p.m.: Blackbear

June 7 at 7:00 p.m.: Erykah Badu

For the EDM fanatics:

April 21 at 6:00 p.m.: Subtronics

April 22 at 5:00 p.m.: Galantis and 3LAU

April 23 at 6:00 p.m.: Lotus

April 24 at 5:30 p.m.: Dom Dolla

May 5 at 7:00 p.m.: Hippie Sabotage

May 21 at 6:00 p.m.: Global Dub: Peekaboo, Dirt Monkey

June 8 at 6:00 p.m.: Jai Wolf & San Holo

June 23 at 6:00 p.m.: Sevon Lions

June 30 at 7:30 p.m.: Kraftwerk 3-D

For the alternative/indie fans:

April 28-29 at 7:00 p.m.: Trevor Hall & Citizen Cope

April 30 at 7:00 p.m.: Sublime with Rome

May 8 at 7:00 p.m.: Series Fest: Featuring Lake Street Dive

May 11 at 7:30 p.m.: Stevie Nicks

May 16 at 7:30 p.m.: Kaleo

May 17 at 8:00 p.m.: Phoebe Bridgers

May 25 at 7:30 p.m.: Rex Orange County

May 30 at 7:30 p.m.: Gary Clark Jr.

June 1-2 at 8:00 p.m.: Lord Huron

June 4 at 7:00 p.m.: Michael Franti & Spearhead

June 10 at 7:30 p.m.: The Revivalists

June 12 at 7:00 p.m.: Tash Sultana

June 14-15 at 8:00 p.m.: Glass Animals

June 20 at 7:00 p.m.: Bleachers

June 21 at 7:00 p.m.: Barenaked Ladies

June 22 at 6:30 p.m.: Andrew Bird and Iron & Wine and Neko Case

June 27 at 7:00 p.m.: Third Eye Blind

For the country/folk lovers:

May 3-4 at 7:00 p.m.: Jason Isbell and The 400 Unit

May 6-7 at 7:00 p.m.: Brantley Gilbert

May 10 at 7:30 p.m.: Ray LaMontagne

May 12-13 at 8:00 p.m.: Billy Strings

May 14-15 at 6:30 p.m.: Turnpike Troubadours

May 26 at 6:30 p.m.: The Infamous Stringdusters & The California Honeydrops

June 6 at 6:30 p.m.: Whiskey Myers

June 29 at 7:00 p.m.: Jerry Garcia 80th Birthday Symphonic Celebration with the Colorado Symphony

For the rock music fans:

May 22 at 6:30 p.m.: Trey Anastasio Band

June 9 at 8:00 p.m.: Brit Floyd World Tour

June 11 at 7:00 p.m.: Big Head Todd and The Monsters

June 16 at 7:00 p.m.: Chicago and Brian Wilson

June 17-18 at 7:00 p.m.: Umphrey’s McGee

For the Christian music addicts:

May 23-24 at 7:30 p.m.: Chris Tomlin Worship at Red Rocks

For the funk music fanatics:

May 27 at 7:00 p.m.: The Motet & Pigeons Playing Ping Pong

May 28 at 6::00 p.m.: Funk on the Rocks: Chromeo

For the reggae lovers:

May 29 at 6:00 p.m.: Ziggy Marley & Stephen Marley and Ben Harper & The Innocent Criminals

For the jazz music addicts:

June 3 at 7:30 p.m.: Joe Russo’s Almost Dead

June 28 at 6:30 p.m.: Trombone Shorty & Orleans Avenue

For the pop music fans:

June 19 at 7:00 p.m.: Why Don’t We

Other:

May 2nd at 7:30 p.m.: A Prairie Home Companion American Revival with Garrison Keillor

There are concerts every day at Red Rocks, from rap music to reggae, there is something for everyone. Make sure to check out all of the upcoming spring events on their website!

Colorado Real Estate News

Easy Ways to Prepare Your Home for a Spring Sale

With the Denver real estate market setting historic numbers, you may be considering listing your home on the market or preparing to sell. There are easy ways to get your home ready for sale this spring and minor renovations that will pay for themselves upon closing.

Let natural light flood your home.

Natural light opens up spaces and brightens the overall mood of your home. We recommend raising shades and opening curtains to let the sun in rather than trying to keep it out during spring showings and open houses.

Fix what’s broken.

An inspection of your home can help you identify anything broken you may have overlooked when checking yourself, allowing you to repair accordingly. Little things like a loose doorknob or creaky windows can stick out to potential buyers and make them think, “what else is broken here?” Repair what buyers may notice, which is everything, and other things on your renovation to-do list. After all, homebuyers who make an offer will get your home inspected, and it is beneficial to get a jump on repairs rather than giving buyers any wiggle room to negotiate.

Renovate what is outdated.

If your kitchen or bathroom screams 1980s and may give buyers flashbacks, they should be updated before you start showing your home. Updating fixtures like bath faucets, towel racks and cabinets will speak volumes for your home. Just remember that on most renovations, you won’t recoup all of your costs dollar for dollar.

That’s why it’s important to think small with renovations. Rather than replacing your kitchen cabinets, just replace the doors or knobs and give the cabinets a fresh coat of paint. Rather than replacing the bathtub, reglaze it to make it look as good as new. If you’re going to spend serious money on renovations, we recommend focusing on the exterior of the home. This is the very first impression buyers get of your home, so you should make it count.

One renovation that pays for itself and boosts a visual appeal to homebuyers is a garage door replacement. On average it costs $3,600 but nets a 97% return on the investment. Another eye-catcher is stone veneer on the exterior of the home which is a costly upgrade but can boost the overall listing price and has a 95% return on investment.

Other minor adjustments such as applying a new coat of paint to the interior are a relatively cheap and easy way to give your home an instant facelift. If the current colors of your walls aren’t all that flattering, consider repainting with neutral, white and gray colors. These are generally the best paint colors to pick from. Anything more vivid may appeal to a few buyers but not a wide range.

One final way to prepare your home for sale is to pay attention to odors. The smell of pets, cooked food and dirty laundry can make buyers reconsider their thoughts on your home. Carpets, throw rugs and other fabrics like curtains hold odors. We recommend having your carpet professionally cleaned before putting your home up for sale. The addition of fresh-cut flowers to your home during a showing or open house can also add a natural scent to your home.

Completing these easy steps will not only prepare your home for sale this spring, and it will also help your property stand out against other homes on the market. At the end of the day, it’s the

little things that can make or break a buyer’s decision. Contact one of our experienced Kentwood brokers for help with your spring home sale at kentwood.com.

Colorado Real Estate News

Best Gluten-Free Friendly Restaurants in Fort Collins

With a rising demand for gluten-free alternatives, it can feel like a mission to find great restaurants where you don’t have to ask the server a hundred questions, scour the menu for the one or two things to eat, and eventually make a choice for the only option that won’t make you sick. Fortunately, the number of restaurants that are solving this problem has grown! If you’re around the Fort Collins area, these are the four best gluten-free friendly restaurants you need to check out!

Urban Egg (230 South College Ave)

One of the best places to find gluten-free alternatives and a delicious menu is the Urban Egg. What makes this place special is nearly all of its ingredients come from local producers offering fresh and chemical-free produce and meats. This clean philosophy extends to the gluten-free flour which they use to make savory pancakes, English muffins, and their famous eggs benedict. Their wide variety of gluten-free options makes it a can’t miss for this upcoming summer!

Blue Agave Grill (201 South College Ave)

Hate asking your waiter if something contains gluten every time you go out? At Blue Agave Grill, that is eliminated with their super helpful menu that highlights what is and isn’t gluten-free! Choose from their unique selection of modern Mexican-inspired dishes like the Blue Agave Fish Tacos with tempura-battered tilapia and pan-seared Southwest Pork Medallions.

Restaurant 415 (415 South Mason St)

Earning a reputation as one of Fort Collins’ best restaurants, at Restaurant 415 nearly everything on the menu is designed for those with specialty diets. Whether you are vegan or gluten-free, there are a plethora of amazing dishes to choose from such as pizzas, yummy bruschetta on gluten-free bread, polenta plates, steak, and veggie skewers, and much more.

Beau Jo’s (205 North College Ave)

Can you even call yourself a Coloradan if you’ve never been to Beau Jo’s? If Colorado had a signature pizza, it would be one of their delicious Mountain Pies, which have some of the best gluten-free crusts you can find. Nearly everything on the menu is gluten-free and is a good time for everyone looking to enjoy a Colorado-style pizza!

Finding gluten-free alternatives at a restaurant shouldn’t be a hassle. Fortunately, Fort Collins has several delicious options that will make everyone feel more at home while they dine in. Bon appétit!

Colorado Real Estate News

Best Restaurants in Greenwood Village, Colorado

View of Greenwood Village from a Drone.

Western culture meets sophisticated living in one of Denver’s most renowned suburbs. Steeped at the west edge of Arapahoe County, the quaint neighborhood of Greenwood Village spans over 8,000 square miles and is home to 15,690 residents. Once a farming community, Greenwood Village has transformed into the perfect meld of residential living mixed with a vibrant business community. 

Whether you live in the neighborhood, work at one of the business parks, or are just visiting from out of town, we assure you Greenwood Village’s culinary scene is a second to none! From five-star establishments to local dives to large chains, below is our list of the very best restaurants in Greenwood Village. Whether you are thinking about listing a house, beginning a search for a new home, or have a question about the area, please feel free to contact Kentwood today!

Criteria For Making Our List

Atmosphere, food, service! These are critical factors for any diner when choosing where to fill their belly next. Does the establishment have something that sets it apart? Are there dishes or cocktails that stand out? Is the service and hospitality consistent night in and out? Each Greenwood Village restaurant on the list below brings something unique to the table while checking multiple boxes on service, food, and atmosphere. 

Chianti Ristorante Italiano

A Denver Tech Center standout, Chianti Ristorante is known for being hearty, delicious, and full of flavor. First opened in 2003, this Greenwood Village gem provides diners with a five-star Venetian culinary experience in a romantic setting. The wine display is quite impressive even for the most fervent wine aficionado, with hundreds of handpicked bottles resting on oak shelving. White table cloths, polished silverware, and sparkling wine glasses outline the tables, giving this authentic Italian experience a sophisticated touch. For primi, we recommend the Veal Meatballs or Burrata e Prosciutto. For secondi, we suggest Lasagna Bolognese or Pollo al Marsala. Of course, you can’t miss dolce, so be sure to try Cannolis or Tiramisu. 

YaYas Euro Bistro

Not only do we love the name, but we love the whole YaYas experience! Centrally located on Bellevue Avenue, just off I-25, YaYas Euro Bistro is a massive, multidimensional restaurant – one of the largest spaces in Colorado. There is an immense bar with high-top seating, a full indoor dining room, and a gorgeous outdoor patio overlooking Greenwood Village Crescent Park. In fact, YaYas even made our list of best rooftop bars and restaurants in Denver. We recommend the Summit Creek Lamb Burger, Truffle Mushroom Pizza, and Penne Carbonara for happy indulgences. On the lighter side, try the Hummus and Pita, Steak Tabbouleh Salad, or Colorado Striped Bass. Lastly, YaYas is infamous for their Sunday brunch, with bottomless mimosas and bloody marys. 


Make Colorado, Home. Contact a Kentwood Agent, Today!


Del Friscos Double Eagle Steakhouse

Unparalleled ambiance marks Del Friscos Double Eagle Steakhouse. White linen-covered tables, mahogany wood staircases, massive wine rack walls, dimly lit overhanging chandeliers, and fresh, handpicked flowers help stimulate your dining experience. Founded in 1981, Del Friscos has been a Greenwood Village staple for over 40 years. But it’s not just the ambiance that sets this steakhouse apart. The food and wine list have won numerous awards, including notable mentions from New York Times, Business Insider, and Wine Spector. We recommend trying the Shrimp Cocktail and Blue Cheese Lettuce Wedge to start, paired with freshly baked bread rolls, of course. We suggest the delicious and always consistent Filet Mignon or Prime Strip, paired with a side of Creamed Corn or Lobster Mac and Cheese for your entree. 

Lucy Restaurant

Named after the family dog, Lucy Restaurant is a family-owned and operated restaurant located in Landmark Village. Located above Comedy Works, this casual eatery is open only on selective days of the week, mostly Thursday, Friday, and Saturday nights. Serving up modern American cuisine, some of our favorite dishes include the Lucy Burger, Lemon Chicken, and Roasted Salmon. For a delicious libation, delight yourself with the Mile High Mule, Double Platinum Margarita, or one of their many bourbons and blend.  

Bonefish Grill

Bonefish Grill is one of the best seafood restaurants in America because of its high-quality food and service. In the year 2000, they opened their first location in North Carolina. Since then, they have opened up more than 100 locations all over the United States, including an excellent location in Greenwood Village. There is something for the whole family to enjoy with seasonal specials, a kid’s menu, and gluten-free options. The market-fresh fish is flown in daily, plus an array of woodfire grill specialties for those who love turf a little more than surf. Some of our favorite dishes include the Corn Chowder & Lump Crab, Parmesan-Crusted Rainbow Trout, and The Angler’s Sirloin Steak. Bonefish Grill is a “can’t miss,” just waiting to fill your belly with delight!

JING

JING combines flavors and ingredients from around the world to create a menu chock-full of unique Asian food concepts. With locations in Las Vegas and Aspen, the Greenwood Village restaurant may be the standout among the three. Magnificent displays of molecular gastronomy are pronounced in almost every dish served, leaving you speechless and curious for more. White tables, white booths, and white decor line the large dining hall, giving this Asian restaurant an ultra-chic ambiance like none other. We recommend the Evil Jungle Salad, Wasabi Lambchops, and Famous Peking Duck. The extensive menu also includes a full selection of sushi, sashimi, and traditional Asian noodle dishes. 

Pizza Republica 

Fine dining is sometimes best defined by simplicity. Pizza Republica specializes in cooking traditional Italian dishes with fresh farm-to-table ingredients. The beauty of their cuisine is rather than creating eclectic dishes, they focus on perfecting the conventional. Caesar Salad, Stuffed Shells, Napoleon Wood-Fired Pizzas… these are the types of dishes you can expect at this favorite local spot. Locally owned and operated, with two locations in the Denver Metro area, Pizza Republica is truly sensational. 

Pappadeaux Seafood Kitchen

If you are a diner who tends to avoid restaurant chains, think again! Despite having over 45 locations in eight states, Pappadeaux Seafood Kitchen is still family-owned, and the values are reflected in the food and service. Even more impressive is how consistent the seafood is from location to location. That’s because the Pappas family is obsessed with freshness, quick delivery times from the fishing dock to the restaurant, and a commitment to food safety in the kitchen. One of the benefits of dining at a chain is that you can expect massive portions compared to smaller, local restaurants that lack buying power. With too many great options to choose from on their extensive menu, we recommend the Cajun Specialities. After all, where else in Colorado can you get the flavors of New Orleans?

Hapa Sushi Grill & Sake Bar

“Hapa” is derived from the Hawaiian term that describes a harmonious blend of Asian and American cultures. Sure, their menu has an assortment of traditional rolls, nigiri, and sashimi; however, like their unusual robot logo, Hapa Sushi is best known for eclectic sushi you won’t experience anywhere else. The Booty Call Roll and Aspen Roll are two your taste buds will thank you for later. Their kitchen also produces several unique appetizers, such as the Daikon Fries and Spicy Tuna Nachos. You don’t need any more reason to visit Hapa, but they are also locally owned and operated by a Colorado family and have several locations throughout the state. Furthermore, they have the best sushi happy hour in Denver, which is all the more reason to visit them for your next meal out. 

Yanni’s Greek Restaurant

Opa! If you love Greek food, you are in for a real treat at Yanni’s. This family-run “taverna” has heart and soul, transcendent in the food, ambiance, and hospitality. Yanni’s brings out the enjoyment of life by making you feel like you are dining in a small Greek village. Sip a glass of wine or strong coffee while eating olives and spanakopita. Share a family-style meal such as the Village Sampler, Vegetarian Platter, or Pita Platter. Located at the Landmark in Greenwood Village, after your meal, peruse shops at the center or catch a flick at the nearby movie theater. 

Dionysus Wine Bar & Restaurant

Arguably Colorado’s best wine tasting, Dionysus Wine Bar is the epitome of sophistication and elegance. Located at the Landmark, this local establishment should be your go-to for upscale dining. The exquisite menu matches the impressive wine list. Enjoy small, shareable appetizers such as PEI Mussels, Smoked Trout Crostini, or Truffled French Fries. Satisfy your appetite with one of their signature entrees, including Grilled Rack of Lamb, Prime Filet Mignon, and Coriander Crusted Ahi Tuna. Dionysus is also infamous for having one of Colorado’s most extensive wine tastings with over 120 carefully curated selections. They also offer a fantastic happy hour and live music. Make sure to call ahead to make a reservation. 

Big Daddy Burger

You can’t have a neighborhood without a sports bar. Big Daddy Burger is a chain that prides itself on consistency. No member of the family should go hungry, as the salads are as delicious as the burgers, and the kid’s menu has something for even the pickiest little one. We recommend the Bacon Cheeseburger on Steroids, Pastrami Burger, or Emilio’s Chicken for the overindulgence. If you are watching your figure, you can’t go wrong with Stella’s Greek Salad or the CYO Large Salad. The Big Daddy location at Landmark is massive, so you’ll have no trouble getting in. There is also a free parking garage right across the street for your convenience. 

The 1UP Arcade Bar

Where else can you drink, eat, and lay back as the little ones go wild? The 1UP Arcade Bar is packed wall-to-wall with arcades, pinball machines, and video games. They even have $2 beers and $3 well-drinks for happy hour every Monday – Friday and all day on Sundays. This family-fun concept has caught on quickly, as they now have three locations throughout Denver, but the Greenwood Village arcade is by far the most accessible, with free parking nearby. If your kiddos find themselves breaking the pinball machine records, be sure to check out their tournament schedule. This is also a fantastic place to reserve for a birthday party or special occasion. 

Shanghai Kitchen

Conveniently located off Bellevue and Yosemite, Shanghai Kitchen delivers some of the best Chinese Food in the Denver Metro Area. Catered more towards takeout and delivery, this authentic family-owned restaurant is perfect for an easy and convenient way to eat at home. The menu includes traditional dishes like lo mein, fried rice, egg rolls, and sweet and sour chicken. Delivery times are fast, the staff is friendly, and the menu is extensive, making this Chinese restaurant our favorite in Greenwood Village. 

Shanahan’s Steakhouse

The two-time Super Bowl-winning coach of the Denver Broncos wasn’t just good at coaching football but also restauranteering. Voted the best steakhouse by Mashed.com, Shanahan’s is a unique and rewarding dining experience for all five senses. The lofted ceilings and open layout allow for ample natural light, while the fireplace provides a cozy Colorado feeling during the cold winter months. The impressive wine cellar displays 4,000 bottles of red wine and 1,500 bottles of white wine, leaving even the most versed wine connoisseur awe-struck. All of the produce is Colorado-grown and organic, and the seafood is flown in daily and certified by the Marine Stewardship Council. We couldn’t rave more about several signature dishes, like the Dutch Harbor Red King Crab Legs, the 36oz Wagyu RibEye Tomahawk, and the Center Barrel Cut Filet and Lobster. FYI, the $79 3-course prime rib menu is perhaps the best special in town. Don’t forget to hold the 1997 and 1998 Denver Broncos Super Bowl Trophies before you leave!

Conclusion 

Greenwood Village has quickly developed into Denver’s most dynamic suburb. Once farmland and orchard, it has grown into a vibrant business hub, sprawling with quaint family neighborhoods and easy access to all major highways.  Whether you live here, work at DTC, or are just visiting Denver, the culinary experience in Greenwood Village is simply a cut above. We hope you find your next favorite restaurant based on the recommendations above. Whether you are thinking about listing a house, beginning a search for a new home, or have a question about the area, please feel free to contact Kentwood today!


Make Colorado, Home. Contact a Kentwood Agent, Today!


Colorado Real Estate News

Best New Restaurants to Check Out in Denver 2022

With Covid restrictions slowly lifting, there are plenty of new and exciting restaurants to visit as we all begin to dine out more regularly. Denver has seen a plethora of fun and unique restaurants sprout up in 2022. Here are five new places to check out in the Denver Metro Area that will make for an unforgettable dining experience. 

Onefold

Inspired by Chinese and Filipino cuisine, this fun and new restaurant near Union Station is the perfect place to grab brunch with friends and family. Some of the most talked-about menu items are the tender belly bacon topped with two fried duck eggs and the rice porridge flecked with shredded duck confit, scallions, and salted ginger. Onefold has made a lot of noise since its unique menu debuted back in July, and you can experience it for yourself at 1919 19th Street.

Blanco Cocina & Cantina

After making waves in Phoenix Arizona, Blanco Cocina & Cantina has brought its Sonoran-inspired Mexican style to the Denver metro area with its signature margaritas and famous sizzling carne asada fajitas. Located right next to the Culinary Dropout on 4177 E. 9th Avenue, it’s sure to be a dining experience to remember.

The Greenwich

Founded by restaurateur Delores Tronco, this New York-inspired dining experience captures the essence of the Big Apple. After the pandemic forced Tronco to shut down her restaurant in Manhattan, she moved back out west and is bringing New York-inspired artwork and cuisine to the Mile High City. Some of the most talked-about dishes include the fluffy crust pizza, roasted littleneck clams, and chicory salad dressed with tangy lemon-anchovy vinaigrette. Get a slice of “The City that Never Sleeps” at 3258 Larimer Street.

La Bouche

Started by married couple Alexis and Alexandra Tréton in late September, la Bouche is the perfect taste of France for any Colorado native. After the duo moved from Paris to Denver, they noticed there wasn’t a spot where they could enjoy a glass of wine and charcuteries as they had back home. So they opened their own restaurant that could bring the essence of a Paris cafe, with Colorado’s own special culture. Located at 1100 E. 17th. Avenue, spend a cool afternoon indulging in tasty wines while getting a unique experience that feels like you’re on the other side of the world.

Grange Hall

This new dining hall started by Colorado star chef Troy Guard, has such a wide variety of food options that everyone is sure to find something that they’ll enjoy. Grange Hall displays some of Guard’s most famous and original entrees such as the Rado Burger, Bubu and Crazy Love Pizza. Grange also displays the California-based “Crack Shack” and the first and the inside version of Denver’s popular food truck Uptown & Humboldt. Located at 6575 Greenwood Plaza Blvd, stop by for a Refreshing Cocktail or a “Mile Hi-PA.”

So what are you waiting for? Whatever you’re craving, these new Denver restaurants are sure to have something to tickle your tastebuds.

Colorado Real Estate News

Denver Luxury Market Trends

Luxury Real Estate in the Denver Metro Area Increased Over 2020 – Levels in 2021

The housing market in Colorado reached historic numbers regarding the sale price of homes and inventory has dwindled since the real estate boom in 2020 ignited by the pandemic.

New year-end market reports and year-end luxury reports comparing 2021 real estate performance to 2020’s has been released. The following entails Kentwood’s synopsis of year-end market trends in the Denver Metro Area. 

In 2021, the average sale price for a single-family home in the Denver Metro Area increased by 19 percent to an average of $682,489. Single-attached homes also saw a similar price increase of 14.3%, increasing the average sale price to $428,825. Although it looked like the Denver Metro real estate market was going to slow down in comparison to the boom of 2020, the overall listings closed in the calendar year increased by 0.3 percent.

The Luxury Market of the Denver Metro area continues to show strength through an increase in home buying. The number of luxury properties sold in the Denver Metro area saw a drastic increase of 59.9 percent in 2021 compared to 2020 reaching a total of 4,200 homes. The average sale price of high-end listings in the area increased by 3.7 percent, totaling the average sale price of luxury homes to $1,613,563. The increase in properties sold and a marginal increase in average sale price contributed to a grand 65.7 percent increase in total dollar volume. Indicating that luxury real estate properties in the Denver Metro area accumulated $6,776,964,868 in 2021.

Multiple Denver Metro neighborhoods saw significant improvements in buying activity in 2021. The Huntington Trails/Lexington neighborhood had the largest percent incense in luxury properties sold over 2021 at 66.7 percent. The city of Denver sold 2,051 luxury homes in 2021, a 65.9 percent increase over 2020 and the most in Denver Metro. Washington Park East/Central neighborhood had the second-highest number of luxury real estate sales, totaling 146 homes sold in 2021.

The demand for homes in the Denver Metro area combined with low inventory levels contributed to the appreciation of average sale prices in many neighborhoods. The average sale price for luxury properties in the Polo Reserve neighborhood increased by 40.7 percent in 2021, averaging $2,899,375. The Cherry Hills Village homes sitting on more than one acre of land had the highest average sale price, at $4,264,858. Similarly, homes in Greenwood Village West sitting on more than one acre of land appreciated by 36.8 percent, closing at $3,413,539 on average. Conversely, luxury homes in the Mayfair/Montclair neighborhood had the lowest average sale price of 2021. Homes in this neighborhood closed at an average of $1,352,158.

One big takeaway beyond the increase in the number of luxury properties sold and the average sale price of those homes is the average amount of days on the market. Of the 20 neighborhoods that were included in the year-end luxury report, only two neighborhoods had properties that stayed on the market longer in 2021 compared to 2020. In the Denver Metro area luxury homes remained on the market for an average of 27 days in 2021. A 49.1 percent decrease compared to 2020. The luxury properties in the city of Denver stayed on the market for an average of 29 days, a 31 percent decrease from 2020.

The strength of the real estate market in 2021 is a good indicator that this year may also yield some great opportunities for buyers and sellers looking for their dream home in Colorado.