Summer Market Update

Statistics from June are showing some welcome trends for the Denver Market. The biggest headline is the jump in inventory. Active listings are up nearly 35% from last year and new listings are up 7.4%. This means there is finally more supply in the market for buyers to choose from. Despite this bump in inventory, …

MARKET STABILIZES IN FEBRUARY – Despite Boost in Inventory

Statistics from February are in from REColorado and it looks like things were relatively stable across most categories despite a decent bump in the amount of inventory.  Even with a 9% increase in inventory, pricing was relatively stable, showing that buyers - particularly in the lower price points are still eager to purchase. Here's a …

Cherry Hills Village – Third Wealthiest Town According to Bloomberg

Bloomberg came out with their annual ranking (LINK) of "Richest Places", and Cherry Hills Village was ranked third in their report behind Atherton,CA and Scarsdale, NY. The article cited accessibility to a city center as a key characteristic in the rankings and quoted managing broker at Sotheby's International Realty, Steve Blank as saying "it happens …

Market Dips in January – What to Make of It?

The January 2019 reports from REColorado (the local association)  and the Colorado Association of Realtors (statewide association) indicate that sales activity in January was weak across the board.  The report form RE Colorado, indicates a -5.8% drop in the Y-O-Y median sale price in Denver County for the month of January.  This report combines attached …

Happy Canyon Shopping Center Update??

Today's Denver Post has an article on the status of the Happy Canyon Shopping Center project titled: "Happy Canyon shopping center: Indictments, delays and light at the end of the tunnel" Here is a photo I took in August 2018 - nothing has changed since (except 4 months of exposure to weather). The article paints …

Smartwool Relocating from Steamboat?

With VF Corp's recent entrancement of the relocation of their corporate headquarters to Denver, many Smartwool (A VF brand) employees are likely looking at the prospect of relocation from Steamboat to Denver.  The good news for these folks is that those that own homes will be selling in a strong Seller's market in Steamboat.  The …

BIG NEWS! – VF Corp Relocation

Hitting the news wires this morning is the announcement that VF Corp, the parent of brands such as The North Face, Vans, Smart Wool (founded in Steamboat), and others, will be moving their headquarters to Denver. VF Corp employs 70,000 people worldwide and has revenues of $11.7 billion. The move will bring roughly 800 positions …

Lakewood 1% Growth Cap – Horrible Idea

Looks like the risk of a 1% cap on the growth of housing units in Lakewood is back on the table. To recap, a group of local residents collected sufficient signatures to require the council to impose a cap of 1%, or place the measure on the November ballot.  A challenge was filed (on technicality …

I-70 Mountain Traffic – Connected Vehicles Ecosystem (RoadX)

Quality of life is one of the main drivers of economic growth and real estate development in Denver.  Much of that quality of life is attributable to mountain access, much of which occurs on I-70.  As anyone who has driven the corridor on weekend can tell you, there are some major threats to our quality …

Sleepy Cow Town no more

As we came out of the real estate downturn, the quick recovery and subsequent acceleration in the residential market and in commercial development activity  left many observers sitting with their mouths hanging open.    Residential home prices are now above their peak, and while the market has slowed in the winter months, it still appears …

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