Denver Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 12, 2019

Greater Metro Denver Market Review - January 2019

January 2019 is now in the rear view mirror (does anyone still use them?) as far as the Denver Metro Real Estate market goes.  We have invited our market resource at First American Title, Megan Aller to provide you with some of her insights and a look at what's ahead based on current and recent trends in the Denver Metro housing market:

Looks like we’re off to the races.

After losing 1,000 units in the Detached Market at the end of December 2018 forcing us down to within 150 units of the lowest inventory on record (January 2017 with 3,400 homes for sale) combined with a big upswing in units being placed under contract over 11% more from January last year it looks like Denver is geared for another compression season.

The market really kicks off directly following the last game played by the Denver Broncos, with a typical 30-40% increase in the number of contracts written the weekend directly following the final event. A second wave of activity begins weekend after The Super Bowl- and this is the official start to our Compression Phase. A Compression Phase exists when buyer activity picks up before new units being listed has a chance to catch up creating multiple offers through out our region, specifically those under $500,000. This Compression Phase continues typically until the beginning of April when more new units begin to enter the market. Here is what we expect our compression phase to look like in 2019, the dashed lines represent our projection, as data comes in through the year those points will be filled in for comparison purposes.

We’ve received a lot of great feedback on our Cheat Sheets, which we’ll now call our Strategy Guide. Due to the overwhelming response we’ve included the data for different price segments, up to $2,000,000. While the more traditional price points in Denver, those under $500,000 follow the trend of an early transactional season, homes at higher price points are shown to sell at higher prices in the late spring/early summer months. The luxury market is driven more so by convenience than competition, waiting for better weather and the ability to physically move in better conditions. The new grids begin on page 35 of each report.

We've added a link below to the Full Detached Single Family Home Report (all 41 pages), if you're interested in getting specifics or details for your area, neighborhood, street - just call or text us at 720-314-8462 we're happy to help.  Here's the link: --->>> Full Detached Single Family Home Report

When was the last time you performed a financial check up on your biggest asset?  Check out our Free INSTANT Home Value Report

 

 

 

 

 

Feb. 11, 2019

Luxury Estate in the Evergreen Colorado Area

 

What are you looking for in your next luxury home? See if these check all the boxes for you: Nearly 11 acres of solitude.  Yet 5 minutes to grocery, shopping, conveniences, medical and high school. Vaults reaching more than 20 feet into the air, walls of windows streaming in Colorado sunshine 300+ days a year, Southern exposure for passive solar warmth and light. The gourmet kitchen accommodates any family or entertaining needs you may have – with granite counters, an under-lit island, stainless appliances.  A vaulted master suite spacious enough for a sitting area/office, private deck, an ensuite master bath with jetted tub and steam shower.  The walkout lower level is an entertainers paradise – step behind the full-sized wet bar adjacent to your own wine room, a theater room, space for all your favorite game tables which lead into a separate workout room. Custom features abound in this luxury estate. Your arriving guests and family stay out of the weather with the circle drive and porte cochere entry (love those custom front doors!) Oversized 3 car garage with workshop area.  There’s more than meets the eye in our brief video so call for your private showing today 720-314-8462. #sellingcoloradohomes

 

Feb. 10, 2019

Find a Home for Your Love this Valentine's Day

 

Where we love is home - home that our feet may leave, but not our hearts.

We do all the work, so you can do all the dancing!

Questions about finding a home in Colorado?

Questions about funding a home in Colorado - call or text us at 720-314-8462. #sellingcoloradohomes or www.jonesteamcolorado.com

Jan. 30, 2019

Luxury Home Trends in Denver

We've all seen the news about the increase in home prices in the Denver Metro over the past few years.  Things such as the median home price topping $500,000 last year.  The demand for homes, it's a hot Seller's market etc.  There's really been very little information about the luxury market.  Ten years ago, a "luxury" home was considered anything priced over $500,000.  Now that half a million is the new benchmark for the MEDIAN home price, where do we find the luxury market?  What is a "luxury" home in the Denver Metro?  What has happened to luxury home prices (relative to the total market) over the past ten years?  

If these questions are keeping YOU up at night like they do us, we have some good news!  We have some answers for you.  We have reached out to our resident expert numbers cruncher, Megan Aller at First American Title to shed some light on the luxury home market in the Denver Metro.  Her insights are in this short video:

 

 

Denver Metro Update 1-30-19 from Tim Jones on Vimeo.

Jan. 24, 2019

2102 Cramner Court | Evergreen CO 80439

 

2102 Cramner Court | Evergreen, Colorado 80439

 

Sensational N. Evergreen home on a private cul-de-sac in The Ridge at Hiwan.  Updates include gorgeous wide-plank hickory floors spanning main & upper levels, 2 new bedrooms, bathroom, bar and master bath. You’re greeted by vaulted ceilings, open, flowing floorplan, rooms flooded with light.  This home exudes the warmth, charm and luxury you deserve.  Entertaining spaces and comfort abound  A massive gourmet kitchen with high-end features: stainless, built-in refrigerator, slab granite counters, hickory cabinets, eat-in area and a huge island that flows to an expansive deck with Colorado mountains in view.  Easy access to the garage for unloading groceries.  The master suite offers: a new barn door, new flooring, double walk-in closets, two-person jetted tub with views, frameless glass shower.  Walk out of the lower level to the yard, plus 3 bedrooms, updated bath, bar ready to serve.  Not an inch of this house has been left untouched.  It’s ready for you to call it home!

Posted in Colorado, News, real estate
Jan. 12, 2019

Metro Denver Real Estate Outlook for 2019

Metro Denver Real Estate Outlook for 2019

 

Once again, the talented Megan Aller, Sales Executive with First American Title has done her best to give us all her perspective of the 2019 Metro Denver Real Estate market.  We are sharing her findings publicly because we believe she provides a detailed, thorough and accurate look at the market.

Looking back at 2018 the tag line remains “Higher, Faster, Sooner.” Interest rate hikes early in 2018 along with mild weather patterns and the Broncos not in the running for playoff created an early market kicking off almost as the New Year had begun. The primary culprit in creating an early pick up in the market was likely rising interest rates. What we learned from 2018 is that as prices continued climb, the overall market appreciated another 8.3% in 2018, now more home buyers are relying on financing to complete the purchase of their new home. This means that as interest rates are likely to continue to rise again into 2019 that our buyer pool will become increasingly sensitive to interest rate hikes.

With that said I have laid out some “Baselines” to help guide us through 2019 and what to expect for the many metrics we track to help you better advise your buyers and sellers in when to make their move this year. While some additional inventory is in the market looking at the immediate last year we anticipate that Denver will remain an “Extreme Seller’s Market” staying under 3 months of supply. Rather than labeling this as a softening or transitioning market I’ve been using the terms “A slightly less-good seller’s market with increased buyer sensitivity based on interest rates.” Homes may hang out a bit longer on the market, and buyers are likely to have a few more options. We are still a far cry from the market that built the recession in the early to mid-2000’s.
To give perspective of the entire market I’ve created some heat maps for you that layer all the metrics I track monthly to give a more complete view on what to expect in the coming year.

The numbers in the visual representation of the data below (the long skinny image) are not meant to be legible, I want you to focus on the color scale. What I want to draw your attention to is that there are both long – term and short-term cycles in real estate. Long term cycles pertain to transitions between buyer vs. seller’s market and short-term cycles are annual. Annual cycles may have conditions that are slightly more or less advantageous to be a buyer or seller seasonally. Also, please note that we need to pay attention to all of the metrics and how they relate to each creating the market as a whole. One or two red blips in the dominantly green area don’t necessarily indicate a softening market.

Zooming into what we anticipate happening from previous years in our seller’s market, we can identify when the best time to list is by backing into the dates. Again, green indicates seller opportunity and orange for buyer opportunity. When we layer all the metrics together we can strategically advise our buyers and sellers when the best time in this annual cycle is for their side of the transaction. The green column on the far left shows the target listing date based on the median days to contract and median days from contract to closing.

 

 

Jan. 12, 2019

8 New Craft Breweries to Open in Colorado in 2019

8 New Craft Breweries to Open in Colorado in 2019

Craft beer lovers will have something to celebrate this year in Colorado. We’re expecting at least 8 new craft breweries to open their doors in 2019 including: 14er Brewing, FlyteCo Brewing, Counter Culture Brewing, The Empourium Brewing Company, Jade Mountain Brewing, Raices Brewing, River North Brewery, and Westbound & Down.

Eight more reasons to Love Living in Colorado (or move here as soon as you can...)


Jan. 12, 2019

In-N-Out Burger is Coming to Colorado!

In-N-Out Burger is Coming to Colorado!

It’s official, In-N-Out Burger is finally coming to Colorado! The first location will open its doors next year in Colorado Springs. But the famed fast-food chain doesn’t just plan on opening 1 location, they plan on opening 50! Yes, 50!

Jan. 12, 2019

D.I.A. is Largest International U.S. Airport

D.I.A. is Largest International U.S. Airport

Not only is D.I.A. is the largest international airport in the United States (and the 3rd largest in the world), but it is now officially the BEST! According to the Wall Street Journal’s U.S. Airport rankings, D.I.A. beat out every other airport in the country to claim the #1 spot. Their rankings were based on 15 key metrics including reliability, value, and convenience.


Posted in Colorado, News
Jan. 12, 2019

7 Hottest Denver Restaurants of 2018

7 Hottest Denver Restaurants of 2018

Are you tired of ordering the same food at the same restaurants? If so, this list will definitely help you spice things up when it comes to dining out. Here are the 7 hottest Denver restaurants of 2018: Beckon, The Wolf’s Tailor, Morin, Safta, Super Mega Bien, Bamboo Sushi, and Q House. You can’t go wrong with any of these restaurants so don’t be afraid to get out there and try one...or all 7!