Colorado Real Estate News

Best Playgrounds in the Denver Metro Area

Central Park Denver Playground
Central Park Playground

As parents, we are constantly searching for new ways to engage our children in outdoor activities. Fortunately, Denver is blessed to have one of the best park systems in the nation. Most of our parks have fantastic playgrounds you can take your kids for an afternoon of fun in the sun. Below is our list of the best playgrounds in Denver. Did we leave any off the list you think should have made it?


Criteria For Making The List 

Fun 

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These playgrounds are a blast for the kiddos.  When you leave, they’ll beg to come back.   

Safety

Safety is a top criterion, so don’t worry about taking an eye off the little ones for a minute.  You deserve to relax while they play.

Neighborhood

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Burning off all that energy at the park will mean it’s time to fuel up.  These neighborhoods offer great restaurants and waterholes.


Washington Park

Wash Park is 161 acres of entertainment in the heart of the city. This massive outdoor space has almost everything you’d desire in a park, from volleyball to tennis, basketball to paddleboards, and even an indoor recreation center.

But, most importantly, for the kids’ enjoyment, on the east side of the park, you’ll find a large playground containing several slides, a tire swing, a climbing station, and a miniature bike path.  After the kiddos finish sweating it out, cruise over to Old Gaylord Street for lunch or grab coffee at Wash Perk (making our list of best coffee shops in Denver). 

Washington Park Denver Playground
Washington Park Denver Playground

Central Park 

Central Park, located in the neighborhood formerly known as Stapleton, is one of the most desirable and child-friendly areas in northeast Denver.  Central Park is a design masterpiece, with natural vegetation co-existing next to sports fields, sand areas, and even a sensory area filled with chimes and drums.

It’s a showcase for some of the fantastic modern trends in playground design. For a post-park bite to eat, walk over to Stanley Marketplace – a collection of over 50+ independently owned Colorado businesses. 

Central Park Playground Denver
Central Park Playground Denver

Westlands Park

This 25-acre park is a must-visit that won’t disappoint! The play area is quite diverse, with a village of playhouses, a hillside slide, an observation tower, and a flower and sculpture garden. It’s a gorgeous park that showcases a well-thought-out design, resulting in a fantastic area for kids to have fun and parents to relax.

Bring your sports equipment because you won’t want to miss out on pickleball and basketball.  Afterward, take a short drive over to YaYa’s Euro Bistro and sit outside by the artificial lake overlooking Greenwood Village.  

Westland Park Playground Greenwood Village CO
Westland Park Playground Greenwood Village

Gates Crescent Park

Located on the western bank of the Platte River, Gates Crescent Park is ideal for younger kids.  The suspension bridge is the main playground feature, filled with ropes and climbing ladders. There’s also a trolley that goes around the outside of the park. Your kids will love climbing on a handful of giant rocks and playing on the traditional playground resting below the suspension bridge. 

Parents can enjoy a picturesque view of Mile High Stadium and Elitch Gardens Amusement Park. If the kids aren’t quite worn out after a couple of hours of play, take them to The Children’s Museum – located just a couple of blocks away.  You can grab a bite to eat inside while getting a respite from the sun. 

Gates Crescent Park Playground Denver CO
Gates Crescent Park Playground Denver

City Park Denver

City Park is the most historic park in all of Denver. It’s central not only in location but also in its cultural importance to Mile High City. Here you’ll find the Zoo and the Natural History Museum, along with a wide variety of events taking place every weekend, from Jazz in the Park to art festivals.

However, it’s also a wonderful place to take the kids, filled with open spaces, numerous playgrounds, and a beautiful lake where you can rent paddleboards. It’s the perfect oasis from the hectic pace of city life. Afterward, take a stroll down 17th Ave for a bite to eat at countless local favorites, including Dos Santos, White Pie, or Olive and Finch

City Park Playground Denver
City Park Playground Denver Colorado

Denver Premium Outlets

OK, we may have cheated a bit with this one. It’s not technically a city park; it’s a playground at an outlet mall. However, it’s a sprawling, fantastic playground with so many slides, swings, and climbing areas your kids will be busy for hours. It’s also ok to bring the kids here even if you’re not doing any shopping. 

After your kiddos have finished jumping and climbing around, check out the outlet mall, littered with an abundance of fantastic shops such as Under Armour, Kate Spade, and Hugo Boss. We recommend dining at Rise Pies, Charley’s Philly Steaks, or Sachi Sushi for a little post-play fuel. Thornton is a delightful unknown suburb of Denver that you’ll be sure to want to return and explore more. 

Thornton Colorado Premium Outlets Playground
Thornton Colorado Premium Outlets Playground

Denver Rock Park

Many parks end up having very similar layouts and attractions. However, some have some excellent options off the beaten path, like this Central Park neighborhood favorite. It’s smaller in size than some of the other options on our list, but it offers some unique opportunities for rock climbing. So if you think your kids might be interested in this outdoor Colorado activity, this is an excellent place for them to try rock climbing safely.

Central Park, formerly known as Stapleton, is one of the fastest-growing neighborhoods in Denver and filled with excellent dining and shopping options. We recommend cruising over to Stanley Market Place or Northfield Shopping Mall.  We promise your children won’t go hungry after burning energy on the rock climbing wall!

Rock Park Playground in Central Park
Rock Park Playground in Central Park

Estates Park

This Golden park has an elevation of over 6,000 feet with incredible views of the Foothills and Downtown Denver. The centerpiece is a skyscraper-esque slide sure to delight any adventurous kid. There are also tennis courts at the park, so be sure to bring rackets and balls. 

Downtown Golden is a short drive away for a quick bite to eat. Stroll down Washington and Ford street and take in all this cute little Colorado town has to offer. 

Golden Colorado's Estate Park Playground
Golden Colorado’s Estate Park Playground

Colorado Real Estate News

Market Trends

July 2021 Showed That Seasonality Is Beginning to Occur in the Market

While still in a robust seller’s market, the July 2021 report indicates that as we head into fall, buyers will start to have more time to review properties and less competition on the number of offers overall. The DMAR market trends report showed an increased inventory of 29.92%, while it also represented a decrease in closings of 12.30% compared to the previous month, indicating a supply increase and demand decrease.

July Inventory Reflected the Flow of the Market

While the average closed price was 16.40% higher this July than July 2020, and July represented the lowest number of active properties at month’s end in July’s history with an inventory of only 4,056 properties, this number actually increased from June to July, reflecting the flow of the market.

The Luxury Market Continues to Quickly Move and Remains Strong

Both the attached and detached segments showed close-price-to-list-price ratio averages at 101.39% and 103.40%, respectively. In the attached segment, the Luxury Market had slightly more inventory month-over-month, more pending sales, fewer closings, a lower sales volume and less days in the MLS. There was also an increase in the close-price-to-list-price ratio and in the price-per-square-foot. Meanwhile, month-over-month in the detached segment reported less inventory, fewer pending, fewer closed homes, a lower sales volume and a lower average days in MLS.

Overall, Historical Perspective Indicates a Common Transition From June to July

The Denver market indicates that an increase in inventory and a decrease in sales volume is not uncommon in the transition from June to July. With the relative lack of inventory, it can be expected that the balance between supply and demand will stay steady through the remainder of the year.

Colorado Real Estate News

Kentwood’s Top Producer Dinner 2021

On June 30th, 2021, Kentwood held its annual Top Producer Dinner, honoring leading agents and brokerage teams. This long-time tradition is one of Kentwood’s most influential and distinguished events, commemorating award-winning brokers with sales between 10 million and 90 million-plus in 2020.  

The spectacular event was hosted at Denver Country Club, one of Colorado’s most prestigious and well-known country clubs, overlooking the breathtaking 18-hole golf course – originally designed by James Foulis in 1905. The dinner was held outside to practice social distancing. 

Contrary to the traditional sit-down style of years past, premier bars and grazing stations were casually sprinkled throughout several terraces and perfectly manicured lawns. Food stations included Italian charcuterie, assorted sushi and seafood, and build-your-own tacos. Sophisticated polyrhythms and melodies filled the night sky with live music by The Pet-Friendly Jazz Collective – a local Denver band. 

This was Kentwood’s first signature event since the pandemic. The event was a stunning evening bringing together colleagues and friends separated for the past 18 months – an exclusive gathering of Kentwood’s most brilliant talent. 

With cell phones required to be turned off, intimacy and connectedness were a focal point. For the agents and teams themselves, the event exuded excitement, celebration, and inspiration.  

 “That was one of the best parties…everything worked!” raved Luisa Staerkel, Managing Broker. 

“…and everyone was so happy to get back together.” 

Luisa Staerkel

“Could not have been a more elegant evening, and nobody could have made the night more special for us,” said Edie Marks, Broker Associate and Top of her Profession since 1977

With 30+ years of gathering top-producing agents, Kentwood looks toward the future for continued excellence in the Colorado real estate market. 

Notable venues from past Top Producer Dinners include The Art – a Hotel, Ruth’s Chris Denver Tech Center, STK Downtown, EDGE Restaurant at Four Seasons Hotel, Coohills, and The Venice Ristorante and Wine Bar. 

Colorado Real Estate News

Real Estate Market Trends

High Buyer Demand in Metro Denver

A record number of Denver-area homes on the market went under contract in June, home prices are on the rise, mortgage rates are a record low and the market is experiencing near record-low housing inventory. These factors are making for a strong seller’s market.

In June, a record number of homes, 7,676, shifted into a pending sale status, up 16% month over month and 27% year over year. Additionally, weekly home closings were back above 2019 levels, ending 11-weeks of a COVID-19 induced housing slump.

Home Prices Rising

In March, pre-COVID-19, the average price for a residential property in metro Denver zoomed above $500,000 for the first time, to $513,535. That price then dipped back down below the half-million-dollar mark during the home-showing shutdown and uncertain economic times in April and May. In June, however, average prices bounced back up to $509,736, the second-highest average price for residential real estate in Denver.

Luxury Market is Coming Back

In June, 7,364 homes were put up for sale in all housing price points, but demand was even higher. More homes were put under contract than came on the market for sale. Less inventory meant home sellers had more power. The only segment of the market in which homebuyers had the edge were condos priced over $1 million. Overall, after the halt earlier this year as a result of showing restrictions and consumer uncertainty stemming from COVID-19, the Luxury Market is picking back up.

The number of homes sold in the single-family luxury segment was up 100% in June to 230 from 115 in May, and up to 15 from eight for luxury condos, an 87.5% increase month over month. At the end of June, there were 413 pending sales, up 38% from last month and an impressive 59% from last year. 

Year to date, Luxury Market listings were up 1.76% over last year. There has been double-digit growth since 2016, so under 2% growth is a significant figure that depicts the true damage stemming from COVID-19.

*Written July 7, 2020. Updates may be available after this date.

Colorado Real Estate News

Real Estate Market Trends

New listings flood the metro-Denver housing market in May

As stay-at-home restrictions stemming from COVID-19 loosened and businesses began phased openings in May, metro Denver had a surge of new listings hit the housing market, up 56% month over month to reach 7,312. Some of the surge can be attributed to sellers putting their homes back on the market after withdrawing them when showings were halted back in March.

Home sales down as expected in May, but homes under contracts skyrockets

The number of sold homes was down 20% month over month and 49% year over year in May, following the weeks of strict home-showing restrictions. The average sold price of a home dropped slightly, back below $500,000 to $495,925. That was 1.24% lower than April but 2.43% higher year to date.

Notably, homes under contract increased a substantial 115% from the previous month.

Home sellers had the upper hand, except in the Luxury Market

There were 7,170 active listings at the end of May, 4.6% more than April but 19% less than the previous year. Home sellers had the upper hand with low inventory in all price ranges except for homes priced over $1 million, where there was 9.5 months of single-family inventory and 25 months for condos. Anything over six months is considered a buyer’s market.

Only 115 homes sold and closed for $1 million or greater last month, down 29% from April and 59% year over year. The closed dollar volume in the luxury segment in May was $174.4 million, down 24.4% from April and nearly 60% year over year.

While the last few months were slower stemming from the pandemic, year-to-date data reflects how hot the metro-Denver real estate market was at the beginning of the year. For example, new listings year to date for single-family luxury homes is only down 1.47% and luxury condos are up 10.45% compared to this time last year.

Colorado Real Estate News

Real Estate Market Trends

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Dramatic shift in real estate since March.

 

Real estate in metro Denver, Fort Collins and the Front Range was primed to be one of the strongest on record at the beginning of March, but took a swift turn later in month due to the impacts of the pandemic. Stemming from Colorado Governor Jared Polis “Stay-at-Home” Executive Order for the entire state on March 25, real estate was classified as an essential service – and the way real estate is transacted has changed significantly.

 

As a company, Kentwood Real Estate has identified ways to safely comply with the order while facilitating transactions that really need to happen – and help clients who very much need guidance right now.

 

Virtual tools are being leveraged and they have proved to work well for homebuyers and sellers today, such as listing photography, virtual tours, e-signatures on contracts and contact-free closings. There are even new components of a contract, like the COVID-19 Addendum that allows a transaction to be extended in the case a homebuyer or seller is exposed or quarantined. These changes are necessary to keep our community safe, and ultimately the health and safety of our fellow neighbors is the most important factor when considering how to responsibly serve homebuyers and sellers.

 

As elements of the executive order begin to be lifted, these virtual tools will remain common practice and will continue to be necessary to maintain the safety of our community.

 

The real estate market throughout Colorado is in a healthy position to come out of this unprecedented situation with strength. There remains a lack of supply and high demand, and that is what keeps prices stabilized and even increasing. While the second half of March notably saw a significant number of homes taken off of the market, they will begin to come back on the market in the near future. The pent-up demand will be evident over the summer, and anyone thinking of selling in the next few months will be able to successfully do so.

 

*Written April 17, 2020. Updates may be available after this date.

Colorado Real Estate News

Real Estate Market Trends

Kentwood-Market-Trends

 

How the Coronavirus is Impacting the Denver Housing Market

Kentwood Real Estate is monitoring the ever-changing real estate landscape stemming from the coronavirus COVID-19 situation. We are staying informed and following the guidance of the CDC, Colorado Department of Public Health and the National Association of REALTORS® to ensure we are providing our clients with the ultimate in ethical, professional representation – we will take all measures to ensure a safe, productive experience.

 
What we are seeing in the metro-Denver residential real estate market today is that overall buyer demand in the local market is keeping activity strong. Historically low interest rates are motivating buyers, and we continue to see multiple offers. While many sellers are continuing to list their homes, some are choosing to pause temporarily. In the case more sellers wait, there will be an increased strain on housing inventory.


Housing Inventory Challenges

In February, while the stock market struggled with coronavirus fears, real estate stayed strong. Month over month, 5.6% more homes came on the market, 7% more homes shifted into a pending status, and 3% more homes closed.

 
The month ended with only 4,835 active listings, down 2% from January and nearly 20% year over year. For perspective, 5,083 listings went under contract in February; so, figuratively speaking, only 39 new listings came on the market that didn’t go into contract.


The ‘New’ Home Showing

To accommodate buyers in today’s new normal, listings are sanitized ahead of showings, and hand sanitizer and booties are readily available. Furthermore, virtual home tours are quickly growing in popularity. Facetime to more advanced 3-D technology are being utilized and becoming a preferred method of house hunting by many.

 
Real estate remains a good investment. We believe the security of real estate as a safe haven from both a psychological standpoint and an investment standpoint will resonate in future weeks and months. Real estate has always weathered economic turmoil in the long run, and will do so now.

Colorado Real Estate News

Real Estate Market Trends Article

denver-market-real estate

The New Year Kicks Off Briskly for Denver-area Real Estate

In January, a massive influx of new homes came on the market in metro Denver but were quickly scooped up by homebuyers.

 

While 4,853 new listings hit the market, up 89% from December, January ended with 4,941 active listings because homebuyers placed 43% more homes in pending status month over month which diminished the housing inventory surplus.

 

Contributing factors to the market heating up quickly included continued low interest rates and 18 days above the average temperatures in January.


On the Heels of a Slow December

In the entire residential market, there was about a 35% drop in the number of closed homes and sales volume month over month in January which was a reflection of the slower market activity at the end of 2019. As usually occurs this time of year, the days on the market were longer, averaging out to 45 compared to 41 in December.


Steady Home Prices

The average single-family home price was down from its summer highs, but higher year over year by 6.86% to $532,494. The picture is a little different for condos that experienced a 5% month-over-month drop in average price to $355,754, which is also down 0.37% from the same month last year; representing the first price drop in the month of January in at least the past four years.


Homebuyer Advantage in the Luxury Segment

In the Luxury Market, homes priced $1 million+, months of housing inventory increased to 6.92 for single-family homes and 8.5 for condos, up 41% and 68% month over month respectively. So, luxury homebuyers are not having to compete as much as other price segments.
Year over year in January, 11.7% more single-family homes and 20% more condos closed in the Luxury Market. The number of homes that closed in the entire residential Luxury Market was up 12.6% and total sales volume was up 4.7% from one year ago. However, sales volume and the number of homes closed in the entire luxury residential market were both down 46% month over month.

Colorado Real Estate News

Denver Real Estate Midyear Update

Stay on the forefront of real estate news with the help of the mid-year update! Stapleton22

Denver Real Estate Midyear Update: More Conditions Favoring Buyers Creating Balance

With metro-Denver housing inventory at its highest level since October 2013 and interest rates still low, now is a good time for home-buyers. On the flip side, with home prices peaking now is also a good time for home sellers; making for a more balanced market.

Housing Inventory

Housing inventory is up 28 percent year to date from 2018. The first half of this year ended with the most active listings, at 9,520 at the end of June, since October of 2013 which was at 9,734. For perspective, the record-high June for active listings was in 2006 with 31,900, and the record-low was in 2015 with 6,197.

Year to date in the Luxury Market (homes priced $1 million+), single-family home sales were down 2.72 percent year over year, but up 34.05 percent compared to 2017. Luxury condos also saw striking results with sales up year to date at 38.78 percent year over year and 4.26 percent since 2017.

Home Prices

The average sold price dipped 0.54 percent from May’s $502,518 to $499,807 at the end of June, but it crept up 1.64 percent year to date. More choices for home-buyers means sellers have had to make price adjustments to be competitive. Sellers with homes priced between $1,500,000 and $1,750,000 have been taking the biggest cut with a 91.20 percent sale-to-original-price ratio for single-family homes and 94.9 percent for condos.

Days on Market

Homes have been staying on the market longer before going under contract this year. The median days on market was up 66.67 percent from six days at this point last year to 10 so far in 2019. The average days on market is up 25 percent year to date compared to last year, from 24 to 30 days. Meanwhile, days on market for all price ranges indicates a seller’s market except over $1 million+ where it’s an equal market between buyers and sellers with 5.16 percent months of inventory for single-family homes.

Colorado Real Estate News

More New Homes Hit the Denver Market in May

CORYMERRILL7 copy2More Home Choices in May

In May, there were 8,789 new listings, up 17 percent from the previous month. That meant home-buyers were able to look at a number of homes at a time and make comparisons – and many found what they were looking for. At month’s end, there were 6,470 homes under contract, up 5.65 percent from April.

Even with all of those offers written and accepted, the month still ended with 8,891 homes for sale. That is the highest end-of-month number of active listings since November 2013 when buyers had 9,352 choices! Yet, when put in perspective, it’s very low compared to the high in May 2008 when active listings reached 26,333 in total.

Home Prices Breaking Records

The market has been experiencing a drought of new homes for years, so the increase in inventory is a welcome relief for buyers. Even with the added inventory, prices were still up. The average single-family home price reached a record-breaking $555,482!

Year to date, for single-family homes, the average sold price was $534,577 and median sold price was a record-breaking $450,000, up 1.45 and 1.12 percent from last year respectively. The average sold price for condos year to date bumped up 3.11 percent compared to last year to $364,134, and the median price topped out at a high of $301,500.

Luxury Market Sales Steady

The number of sales of $1 million+ homes remained steady at 915 year to date, up 1.55 percent from last year. While sales in the single-family market decreased year to date by 2.8 percent from 2018, there has been a large jump in condo sales with 110 sold year to date compared to 73 in 2018, an increase of 51 percent.

There has not been any significant changes month over month or year over year in terms of price per square foot, outside of the condo total price per square foot metric that significantly jumped from $546 last year to $656 in May of 2019 – an increase of 20 percent. Single-family average price per square foot continues to hover around $300, ending May at $297.