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

Northern Colorado Market Trends

North Colorado Market Saw a Decrease in Homes Sold Across the Board. BUT…

Don’t be fooled. Median home prices still increased as we head into our spring market.

Fort Collins detached homes were selling for a median price of $676,008.

Fort Collins detached homes on average sell after 35 days on the market compared to 47 days last year. There were 146 detached homes sold this March, down from 191 last year, meaning the sales volume was down 14.14 percent. Attached homes in Fort Collins saw a similar story, with attached homes seeing 39 sales in March 2022 versus March 2021 at 75. Sales volume saw a decrease of 33.05 percent from $26,745,304 to $17,905,085.

Average days on market decreased significantly year-over-year for detached and attached homes in Berthoud.

Berthoud’s detached market experienced a 32.35 percent decrease from 68 days in 2021 to 46 days in 2022, and its attached housing market saw less of a dramatic decrease but still experienced a 6.06 percent decrease from 99 to 93.

Meanwhile, Timnath saw another drastic decrease year-over-year in homes sold.

Timnath’s detached market went from 25 homes sold in 2021 to 15 homes, a 40 percent decrease. In its attached market, Timnath also experienced a drastic decrease in home sales at 39 versus 138 days in March 2021, a 71.74 percent decrease. All together, Timnath had 18 total sales for the month.

Boulder unsurprisingly saw a large increase in sales volume year-over-year in detached and attached homes.

In the detached market, the average sales price climbed from $1,450,421 in March 2021 to $1,732,282 in March 2022, an increase of 19.43 percent. The attached market saw an increase of 30.28 percent from $557,559 to a staggering $726,390.

Loveland saw a massive drop in detached sales but continues to show its desirability.

In Loveland’s detached market, residents saw 100 sales in March 2022 versus 175 in March 2021. However, the average sales price for a detached home rose from $9,100,750 to $11,901,786. Meanwhile, their detached market saw a 19.94 percent increase from $457,107 to $594,958 in March 2022.

*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

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

Northern Colorado Market Trends

The market is back to its usual fire in November.

While October looked like there might be some slowdown, November is back to its usual chaos as we slide into the holiday season.

Average days on market in November increased year-over-year for certain parts of northern Colorado’s housing markets except Fort Collins, Berthoud and Timnath.

Timnath only had one closed attached sale and 20 closed detached sales. Berthoud’s attached market experienced a 7.18% decrease from 195 days in 2020 to 181 days in 2021 and its detached housing market experienced a 38.18% decrease from 110 to 68 days.


Less inventory means less home sales in northern Colorado.

Closed sales were generally down year-over-year across most of northern Colorado in November, with Timanth’s attached market taking the lead down 80% from 5 sales to 1 and its detached market in second place with a decrease of 23.08% from 26 days to 20.

Average home sale price increases across northern Colorado.

Despite fewer homes selling, average sales prices have increased year-over-year across all of northern Colorado (with the exception of Timnath’s attached market since there was only one sale). Loveland’s attached and detached market saw a substantial year-over-year increase in average sales price with its attached market seeing a 27.74% from $10,611,047 to $13,554,440. Loveland’s detached housing market experienced a 27.68 percent increase from $57,210,124 to $73,046,917. Meanwhile, Windsor saw a staggering 81.88% increase in average sales prices from $2,922,300 to $5,315,170, leading the way this past month.

Fort Collins continues to prove its desirability with a 21.30% increase in sales volume.

Detached sales in November 2021 went from $92,986,284 in November 2020 to a notable $112,791,880. Attached sales also saw an impressive increase in sales from 66 in 2020 to 82 in 2021, meaning that despite inventory being hard to come by, there are still great opportunities out there on the market!

*Written December 5, 2021. Updates may be available after this date.

Colorado Real Estate News

Enjoying the Holidays in Northern Colorado

Happy Holidays from our family to yours! It’s the most wonderful time of year, and there are so many events in northern Colorado. There’s an activity for everyone, from holiday markets to ice skating. Here are some fun events for you and your loved ones to enjoy! 

Outdoor Fun  

Little Zurich Outdoor Holiday Market 

This outdoor market has a large variety of vendors, activities, performances, drinks, etc. Located at Wolverine Farm Publick House in Fort Collins, it recurs weekly every Thursday-Sunday until December 24.  

Garden of Lights 

Walk through the Garden of Lights to see the thousands of LED bulbs illuminating the beauty of Fort Collins. It is located at the Gardens on Spring Creek and is open until December 26. Tickets for adults/children 12+ are $10, children 5-11 are $5 and children four and under are free.  

Ice Skating at The Promenade 

Ice skating is a classic winter tradition. You can hit the rink at The Promenade Shops at Centerra in Loveland, and it is open until February 14. 

Winter Wonderlights  

Take a walk through the Chapungu Sculpture Park at Centerra in Loveland with your loved ones to see the amazing light shows. The shows run from 5:00pm-9:00pm in 30-minute increments, until January 2, 2022. Local vendors are selling their goodies, too!  

Fort Collins Downtown Lights 

Filled with fun restaurants, bars and shops, downtown Fort Collins is so fun to explore. Now with amazing lights, walking the streets will be even more enjoyable. They will be up until February 14. 

Indoor Activities  

Santa Appearance 

If your little one needs a picture with Santa and still needs to give him their Christmas list, now is the time! He will be at Santa’s Workshop in Old Town Fort Collins until December 24, for free!  

There is something for everyone in Northern Colorado this holiday season. Whether you want to do outdoor or indoor activities, you’ll find something that’s perfect for you! Happy Holidays! 

Colorado Real Estate News

Selling Your Home During the Holiday Season

Shh … we have a little secret! Did you know that the last couple months of the year are an underrated time to sell your home? Yes, we know what you’re thinking: it might be a bad time to sell since most everyone will be busy traveling and preparing for the holiday season, but it can actually work to your advantage. If you’re hesitant about selling your home in the winter weather, maybe these arguments will convince you:

1. Buyers are serious. Due to sudden changes in circumstances, like a new job or wanting to be closer to family before the holidays begin, people are willing to put down money for a home ASAP.

2. The real estate inventory is significantly lower. With less competition, your home can be sold for a higher price and quicker than when the housing market is in higher demand in the spring. Your real estate agent may also be more available since there aren’t as many other prospective homebuyers. You can also hold more showing times because buyers are more likely to be on vacation.

3. There’s nothing like walking into a warm and inviting house after coming in from the cold. A welcoming home allows homebuyers to picture themselves in the space. Invoking this emotional response in a buyer will give them that extra push to pull out their pen and sign the closing documents.

4. End-of-year tax breaks are an added benefit for purchasing a home before December 31st. Those buying a home in the winter can deduct mortgage interest, property taxes and interest costs by closing the sale before the year ends.

5. Decorating the interior and exterior of your home can also contribute to successfully selling your home during the winter. But err on the side of caution when decorating; too many baubles and things can distract buyers from the key points of your home. Highlight areas like fireplaces and living rooms to bring warmth to the space.

Though most home sales happen when the weather outside is less … frightful, the fireplaces inside the houses on the winter market are … delightful! You don’t need to wait for the sunshine to sell. For more advice on how to sell or purchase a home this season, contact us today at kentwood.com.

Colorado Real Estate News

Kentwood Real Estate’s Secret to Success

Distinction: Excellence that sets someone or something apart from others. 

As we head into the final month of our 40th year at Kentwood Real Estate, it’s a fine time to honor the people of distinction who founded, fostered and created one of the top real estate brands in Colorado and the U.S. 

In January 1981, five brokers at Van Schaack and Company: Jack Bradbury, John Burns, Roger Campbell, Jim Nussbaum, and DeWayne Willardsen, formed the beginnings of the distinguished brand that would become Kentwood Real Estate. 

Over the years, the core of Burns, Campbell, and Nussbaum remained. Campbell and Nussbaum are still associated with the firm today. A few other recognizable names in Denver real estate who over time owned shares in the company or offices were Peter Niederman, Bill Moore, John Fitzpatrick, Dee Chirafisi, Jim Theye, Hank Edler, Julie Hummel, and Chris Vuletich. 

A History of Excellence 

Kentwood’s strong leadership team saw the company through the worst recession in U.S. history and grew the company to a record year in 2015 as a local boutique brand. Niederman sold the three metro Denver residential offices, a new commercial division and Denver Rental to Berkshire Hathaway’s HomeServices of America in June 2016. 

In 2017 Prosperity Home Mortgage was added to the Kentwood family of companies and in 2018 we expanded our footprint to Northern Colorado with the addition of Kentwood Northern Properties. This year we’ve added HomeServices Insurance. 

Nothing but the Best 

Kentwood real estate agents are successful because they’re serious about providing the utmost in customer service, knowing their profession, and being experts in the market. All of our agents – commercial and residential, leasing agents and property managers – view their chosen profession with passion. They execute for clients nationally and internationally, utilizing the networks our company has created to go beyond Colorado real estate. The Kentwood staff bring their all every day and they know that creating and supporting the best brokers in the business requires the best staff in the business. 

Thank you to our Kentwood clients and customers past and present, to our current and past brokers and agents, to our current and past owners, and to our staff and leadership team. It’s been a tremendous 40 years. 2021 will set a new record. We’re ready for the next 40 years at Kentwood! 

Colorado Real Estate News

How to Enjoy a Day Off in Northern Colorado

There are few better ways to retreat from the bustling city than to explore the adventurous regions of northern Colorado. NoCo is a popular destination due to its vast wilderness and beautiful scenery. After grueling hours of staring at a computer screen, getting outside can refresh your mind for the upcoming week. Not only does spending time outdoors decrease stress, but research suggests it can provide real health benefits such as reducing pulse rate, depression, fatigue and anxiety.

Even if you don’t want to devote your day to nature, simply changing your environment can still considerably reduce stress. Here are some NoCo locations you should check out during your next day off:

Unwind in a Hot Spring

There aren’t many states where you can regularly soak in a natural hot spring. Why not take advantage of it? Not only does it provide unique seclusion, but the high mineral content of the water has supposed numerous health benefits. NoCo is home to some of the most renowned Colorado hot springs, including Strawberry Park Hot Springs and Hot Sulphur Springs Resort and Spa.

Trek Through the Rocky Mountains

As stated earlier, an outdoor retreat is a proven way of reducing stress. With 355 miles of hiking trails, Rocky Mountain National Park is the perfect place to escape your daily routine, gain some perspective and get lost in natural beauty.

Admire the Wildlife

Wildlife is scattered all over NoCo. Head up to the official moose capital of Colorado, State Forest State Park. Drive down U.S. Highway 34 near Big Thompson Canyon to observe bighorn sheep. There are countless options, and you’re bound to have an unforgettable experience discovering animals amidst the gorgeous Rocky Mountain landscape.

Venture Through the Stanley Hotel

Stay in this picturesque 155-room hotel where haunted meets extravagance. The Stanley Hotel is listed on the National Register of Historic Places and is a popular stop among travelers. Though a lush backdrop encompasses the Stanley Hotel, it is best known for being the inspiration for the Overlook Hotel in The Shining by Stephen King.

Visit the Cultural Hub of NoCo

Fort Collins’ creative district is one of the most notable in the state, with over 20 galleries, museums and various creative spaces. Features include the Fort Collins Museum of Discovery, The Downtown Artery and The Music District.

While this list helps narrow down some approaches to appreciate NoCo, the options are truly endless. If none of the above are particularly enticing, simply sightsee the vast regions of NoCo, and you’ll undoubtedly find something that inspires and invigorates you.