What to do in Denver in September 2023

  September events to check out!       September 12th-16th: Colorado Mineral & Fossil Fall Show “Join Us! Daily 10 am – 6 pm for Retail, & 9 am – 6 pm Wholesale Final Day (Sept. 16) 10 am – 4 pm Retail & 9 am – 4 pm Wholesale. Come to shop for mineral specimens, gems, fossils, handmade jewelry, meteorites, metals, cabochons, & more from artisans and small businesses. Admission to the show and parking are both free and the event is family friendly. On opening day ONLY, we will be giving away $100 dealer voucher giveaways every hour from 11 am – 5 pm, you must be present to win. There will be guest speakers at the show this year, stay tuned for announcements about the speakers. We look forward to seeing you at the show!” More Info!         September 12th-17th: Beetlejuice “He earned his stripes on Broadway… now the ghost-with-the-most is coming to Denver. It’s showtime! Based on Tim Burton’s dearly beloved film, this hilarious musical tells the story of Lydia Deetz, a strange and unusual teenager whose whole life changes when she meets a recently deceased couple and a demon with a thing for stripes. With an irreverent book, an astonishing set, and a score that’s out of this Netherworld, Beetlejuice is “SCREAMINGLY GOOD FUN!” (Variety). And under its uproarious surface (six feet under, to be exact), it’s a remarkably touching show about family, love, and making the most of every Day-O!” Get Tickets!         September 15th-23rd: Denver Beer Week “Enjoy nine days of all things beer during Denver Beer Week. Head to The Mile High City for tap takeovers, rare beer tappings, meet the brewer events, beer and food pairings, plus much, much more. Want to experience the best of the city’s craft brewery scene? Explore the Denver Beer Trail where you’ll find a diverse range of brews broken down by neighborhood.” More Info!           September 15th-17th: Colorado Fall Home Show “The Colorado Fall Home Show is your one-stop marketplace to get ideas to remodel, refresh and renew your home. Prepare your home for the upcoming change in season and this is just the place to get started. At the Colorado Fall Home Show you’ll find more than 200+ exhibitors well versed in home renovation, remodeling and sustainable living. Many of our exhibitors will be standing by with tips, tools and ideas on how to best winterize your home.” Get Tickets!         September 17th: Denver Broncos vs Washington Commanders “Denver Broncos take on the Washington Commanders live at Empower Field At Mile High!” Get Tickets!             September 21st-23rd: Great American Beer Festival: “Are you ready for the most EPIC beer festival of the entire year? America’s largest beer festival and cultural phenomenon is back! Four sessions. Three days. Don your finest costume and pretzel necklace and join the fun at the Great American Beer Festival (#GABF) September 21-23 at the Colorado Convention Center in Denver. Enjoy beer, cider, seltzers, kombuchas, non-alcoholic and gluten-free beverages from hundreds of breweries across the nation. Live music, silent disco, karaoke stage, games, costume contest, food trucks, and more! Purchase a VIP Experience ticket and, in addition to festival access, gain exclusive entrance to PAIRED – a taste sensation of beers not found on the festival floor matched with small bites custom-designed by 25 award-winning chefs. Located in an intimate setting off the festival floor and by exclusive entrance. Available Thursday and Friday only. Event is restricted to individuals age 21 years or older and proof of age is required.” Tickets & More Info!         September 22nd – October 1st: Denver Oktoberfest “The Denver Oktoberfest has been a staple two-weekend festival in Downtown Denver since 1969. From keg bowling to stein hoisting, live music and more, there’s something here for Oktoberfest pro’s and first timer’s. So grab your stein, throw on your lederhosen and join us!” Tickets & More Info           September 30th– October 29th: Fright Fest “In October, Elitch Gardens transforms into Family By Day and Fright By Night, plus all your favorite Theme Park rides.” More Info!               Have a superb September!      

Denver Real Estate News – September 2023

  Buyers Rates Increasing Potential Sellers with Rates Under 5% Holding Strong The Metro Denver real estate market remained slower in July, with an 18.5% decrease in sales. The number of Active Listings for sale also saw a notable decline of 14% as compared to last July. This decrease in activity can be attributed to the reduced attractiveness of moving for homeowners who locked in mortgage rates around 3% in 2020-2022. A recent Zillow® survey showed that homeowners with mortgages over 5% are twice as likely to consider selling within the next three years as those with rates under 5%. Average prices demonstrated a modest <1% increase in July as compared to July ‘22. This real estate market recovery follows a slight but consistent upward trajectory since the bottoming out of prices around September/October 2022. The rest of the year is expected to see prices fluctuate by about -2% to +2% year-over-year.     INFO FOR SELLERS Acting Now May Be Less Stressful The reduced number of Active Listings shows that moving is less attractive for many, especially those who locked in lower mortgage rates a few years ago. Forecasts suggest that sometime next year rates might decline, leading to a surge of buyers and a temporary spike in prices. However, holding off for that moment or trying to time the market may not be the wisest decision. Although waiting could lead to better prices for Denver sellers, those trading up might find it advantageous to act now with less market stress. Plus, if you plan on buying elsewhere in Colorado, now may be an opportune time to trade up or down, with the option to refinance later if rates become more favorable.    INFO FOR BUYERS Seize the Moment: Why Buying Now Makes Sense Current conditions present an interesting opportunity for potential homebuyers. Though mortgage rates have risen again recently, the market is not as competitive as it might become when rates drop, potentially as soon as next year based on economic forecasts. Waiting for a year might also lead to a temporary spike in home prices due to increased buyer demand, and increasing competition, potentially making now an ideal time to act. Additionally, properties currently sell around their asking price, unlike last year where they were typically selling above. This provides a better negotiation environment for buyers. Prices have stabilized and you can potentially secure a property without extreme bidding wars. And remember, you can always refinance later if rates drop.  Reach out to me today so we can strategize how to get the best value for your home, or how to get your foot in the door in the Denver real estate market! (Info Source: DMAR (Denver Metro Association of Realtors), Lon Welsh).   *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

What to do in Denver in August 2023

August events to check out!       August 11th– 20th: Western Welcome Week  “Western Welcome Week started as a Homecoming event for the citizens of Littleton, Colorado. Now, it has grown to a multi-day celebration of the town, complete with parades, competitions, food, vendors, and plenty of other summery festival fun for the whole family! Join the Littleton locals as they celebrate 95 years of “Community and Friendship” through their Western Welcome Week. The 95th annual Western Welcome Week will be held from Friday to Sunday, August 11th to 2oth, 2023 in Littleton! There will be art exhibits, BBQ parties, book sales, children’s fishing derby, a live trivia challenge, cake contest, pottery class, flower and car show, swing dance, pig roast, jazz festival, western dance party, and outdoor concerts. The festival also aims to raise funds to help various organizations around Littleton.” More Info!         August 12th: 2023 Denver BrunchFest “Denver’s Original and biggest bottomless brunch! Enjoy sampling of the best brunch bites and sips! The Denver BrunchFest! BrunchFest is the legendary ultimate experience for Denver foodies who know how to BRUNCH SO HARD! There will be bottomless mimosas and the tastiest of Bloody Marys! Denver’s best restaurants that make up the brunch scene are taking part with a large variety of brunch dishes to sample. Mingle with other brunch lovers while enjoying live entertainment as you soak in the Colorado sunshine!” Get Tickets!         August 17th – September 2nd: A Midsummer Night’s Dream “Generally considered the most famous of Shakespeare’s comedies, A Midsummer Night’s Dream has been enchanting audiences for generations. Four young lovers, looking to escape their parents’ tyrannical rule, flee to a magical forest inhabited by two feuding fairies. Chaos ensues when the most mischievous fairy, Puck, makes a gravely comical mistake. Throw in a bumbling group of day laborer’s who fancy themselves famous actors and you’ve got yourself a party. Join Phamaly’s triumphant return to the DCPA with its first ever fully produced Shakespearian comedy – A Midsummer Night’s Dream.” Get Tickets!         August 19th: Reggae on the Rocks “Bill Bass Concerts, Live Nation, & KBCO Presents: Reggae On The Rocks 2023. Rebelution, Iration, The Abyssinians, The Expendables, The Skatalites, Passafire, Judge Roughneck, and DJ Mackle.” Get Tickets!             August 21st: Film on the Rocks  – Star Wars Episode VI: Return of the Jedi “Denver Film Presents – Film On The Rocks: Star Wars: Episode VI- Return of the Jedi. Pre-show entertainment by TBA.” Tickets & More Info!               August 24th: Peach Fest 2023 “Indulge in a sweet summer treat during Curate Mercantile’s ‘Peach Fest’ featuring over 150 local vendors. Celebrate the height of Palisade Peach season during this farmers market event where you can shop and delight in an array of locally sourced items, both indoors and outdoors. Join us on Thursday, August 24th from 9 am to 2 pm.” More Info!             August 24th: Summer Scream “The biggest party in Denver is taking over Lakeside Amusement Park! Summer Scream returns for a night of thrills, drinks, and more on August 24, 2023.” Tickets & More Info!             August 26th: Preseason – Denver Broncos vs. Los Angeles Rams “Denver Broncos v Los Angeles Rams – Preseason Game 1.”           Have a amazing August!      

Denver Real Estate News – August 2023

  Busier than Spring, but Still Slow LOCAL MARKET UPDATE The Denver real estate market in June continues to show resilience amidst ongoing challenges. Compared to the previous year, prices remained stable with a slight 0.3% dip. However, compared to May, prices rose by 2.5%. Normally spring is busy in residential real estate, and summer tapers off a bit. This year, spring was a bit slower, and now summer is a bit more active. In June, active listings rose to 6,070, reflecting a 16% increase from May. Condos performed impressively, with a 22% improvement in the listing count, while detached listings saw a 6% drop. The low level of sales volume we experienced in the first half of the year will likely continue until the end of the year. As we move forward the market may face further challenges, like a mild recession, and it’s crucial to monitor the potential impact of mortgage rate fluctuations on your move. With mortgage rates remaining relatively high, buyer activity might experience a further slowdown. However, Denver’s market is expected to maintain a delicate balance of supply and demand throughout the year, with prices remaining stable within a range of +/- 3%. (Info Source: June 2023 DMAR Market Report, Lon Welsh, CEO of Your Castle Real Estate)       INFO FOR SELLERS Don’t Overprice Your Home Looking to sell your home in the next few months? Here’s what you need to know. While up from May, the number of new listings brought to the market in June decreased significantly from the same time last year, by around 27%. The scarcity of inventory provides a potential advantage for sellers. Although there has been a decline in sold listings as compared to last year, prices have remained relatively stable. This is great news for you. However, setting a competitive and realistic price is crucial to attract buyers and avoid longer list times. Homes that sit on the market longer usually need price reductions to move. Be mindful of these trends to maximize your selling opportunities. Please reach out for a personalized market analysis and pricing strategy for your home! (Info Source: June 2023 DMAR Market Report, Lon Welsh, CEO of Your Castle Real Estate)     INFO FOR BUYERS Watch Those Mortgage Interest Rates! Looking to buy a home? The current scarcity of inventory has led to competitive bidding situations, requiring buyers to be prepared and act quickly. Seek a pre-approval from your lender to strengthen your position. Prices have remained relatively stable, presenting a window of opportunity for buyers to explore the market without facing drastic price increases. However, be mindful of how daily mortgage rate fluctuations will affect your monthly payments. Small rate changes can sometimes result in a several hundred dollars-per-month change in your monthly costs. Securing a rate lock on your property of choice as soon as possible will help you be more certain about your final month-to-month costs and provide a bit of welcome relief planning-wise. Please reach out if you want guidance to navigate the home-buying process and secure your dream home! (Info Source: June 2023 DMAR Market Report, Lon Welsh, CEO of Your Castle Real Estate)   *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

What to do in Denver in July 2023

  July events going on around town!       July 12th-August 13th: Cirque du Soleil – KOOZA “KOOZA is a show that blends, almost to perfection, its subcontinental sounds, its stunning lighting and costumes with theatrical ingenuity and acrobatic wonder – THE INDEPENDENT, LONDON. A return to our origins, KOOZA combines acrobatic performance and the art of clowning, while exploring fear, identity, recognition and power. The Innocent’s journey brings him into contact with comic characters from an electrifying world full of surprises, thrills, audacity and total involvement.” Tickets & More Info!         July 13th: Top Taco “This year’s Top Taco will feature over 50 Restaurants! It’s a culinary extravaganza like no other! At Top Taco, festival-goers sample unlimited taco tastes from over 50 restaurants and signature tequila cocktails from some of the best bartenders in Denver.  Then you vote for your favorites to crown four categories of awards: Top Creative Taco, Top Traditional Taco, Top Vegetarian Taco, and Top Cocktail. With 5 stages of amazing music, creative tequila lounge areas, an entire tent dedicated to mezcal tasting, and some of the best chefs and mixologists in the city, Top Taco has become the Can’t-miss summer event in Denver – and always sells out!” Tickets & More Info!         July 16th-30th: City Park Jazz Concerts “DENVER — City Park Jazz returns to the great outdoors for its 37th season! This year, the season spans 10 Sunday evenings from 6–8 p.m. The free concerts are staged at the City Park Pavilion. For more information, bios and photos of each act, please refer to the website.” Schedule & More Info!             July 20th: Top of the Town “Join us as we celebrate the best stuff in and around Denver at the 5280 Top of the Town Event on July 20th, 2023!” Tickets & More Info!           July 20th: The Big Eat “The Big Eat, presented by and benefiting EatDenver, is an annual party celebrating the Denver area’s vibrant and dynamic independent restaurant scene. This signature summertime event features bites and sips from ~60 locally-owned restaurants and local beverage producers—included in one ticket price. Attendees experience the best of Denver’s food and beverage in one place, all while supporting the local restaurant community.” Tickets & More Info!             July 21st-23rd: Taste of Mexico Kick-Off Ceremony “Kick-off the highly-anticipated Taste of Mexico Presented by BOK Financial on Larimer Square! Join us on Friday, July 21st, from 5 pm – 7 pm as we commence this extraordinary cultural celebration of Denver + Cuernavaca, Mexico’s 40th Sister City Anniversary! Esteemed guests + speakers include city officials, representatives from Denver Sister Cities International, The Mexican Cultural Center, and BOK Financial. Following the opening remarks, Mariachi Aguilas will perform on the Pergola Stage from 5:30 – 7:00 pm. We hope to see you there!” More Info!           July 22nd-23rd: Colorado Dragon Boat Festival “Come join us for the LARGEST Dragon Boat Festival in the country! We are a free admissions festival where you can come celebrate the diverse AANHPI (Asian American Native Hawaiian Pacific Islander) cultures through our delicious Taste of Asia Food Courts, Asian Marketplace, Performances on three separate stages, a Dragonland area for kids, and of course, Dragon Boat Racing throughout the days. And don’t forget to join us for the Opening Ceremony where we will open the festival with the blessings of Taiwanese monks from the Great Dharma Chan Temple in Boulder. Come support Colorado’s AANHPI Communities!” More Info!           July 22nd-23rd: Cheesman Park Art Festival “This charming, award-winning art festival features an outstanding lineup of 150 juried fine artists and craftsmen from across the nation. Held in one of Denver’s prized historic parks, The Cheesman Park Art Fest offers a little something for everyone – from great shopping and artists’ demonstrations to live music and great eats from Denver’s best food trucks! It’s the perfect way to spend a summer day in the Mile High City! 9a-5p Saturday and Sunday, July 22 & 23.” More Info!             July 24th: Film on the Rocks – Mamma Mia “Denver Film Presents – Film On The Rocks: Mama Mia! Pre-show entertainment by Claire Heywood.” Get Tickets!               July 28th-30th: Underground Music Showcase 2023 “Denver’s favorite music festival, Underground Music Showcase, returns this summer from July 28 – 30 with an incredible lineup of artists to discover on South Broadway! This year’s edition of Underground Music Showcase will feature nationally-touring acts: Jamila Woods, Emmit Fenn, and Crumb, plus over 150 bands from near and far! Join us for three jam-packed days of music playing from your favorite local venues and our official UMS outdoor stages.” Tickets & More Info!           Have a fantastic July!      

Denver Real Estate News – July 2023

  The Debt Ceiling Talks Affect Mortgage Rates   The May Denver real estate market showed a 2% decrease in prices compared to last year. Many sellers are hesitant to list their homes due to their incredibly low mortgage rates, resulting in limited supply. The number of sales saw a significant drop of 29% compared to May 2022, partly due to discussions surrounding the debt ceiling, which caused mortgage rates to increase (more risk in the market) and slowed buyer activity. This slowed demand, coupled with limited supply, kept prices mostly stable. Mortgage applications in May remained at around 10-year lows. The average Days on Market (DOM) increased by 144% from last May. Although that sounds dramatic, it really amounts to going from 9 days on the market last May to 22 days now, so, it’s just taking an extra couple of extra weeks to sell a home. Active listings surged by 43% from the previous year, with 5,228 available. However, this is not as much inventory as we need to balance the market, or even tip it in buyers’ favor. For your reference, May has historically seen around 14,900 listings on average! The number of properties under contract decreased by 23% compared to the previous year, which signals that June will also be slower than is typical. Buyers typically had to offer a 0.5% price premium, a significant decrease from the 5.25% average premium seen at this time last year. Notably, 60% of sellers had to provide concessions to close deals, with rate buydowns being a significant factor. The market is expected to maintain a delicate balance of supply and demand throughout the year. Prices overall should be in the range of +/- 3% (Info Source: DMAR (The Denver Metro Association of Realtors, Your Castle Real Estate Analysis)         INFO FOR SELLERS Pricing Strategy, and the Importance of Disclosures   Given the market conditions in Denver, it’s crucial for sellers to carefully consider their pricing strategy. While prices have decreased slightly compared to last year, limited supply and stable demand can work in your favor. However, it’s important not to overprice your property. Ensure that your list price is realistic and competitive to attract potential buyers. Be prepared for a slightly longer time on the market, around three weeks on average. To stand out, consider enhancing your property through cosmetic repairs, staging, photography, etc. Offering concessions, such as rate buydowns or other incentives, may also help in closing deals. One important note: it is crucial to prioritize transparency and proper disclosure with buyers. There has been a notable increase in lawsuits related to properties flooding. Given the heavy rainfall we’ve had this year, some buyers have closed on properties without disclosure of flooding issues by sellers, only to encounter basement flooding afterward. Consequently, they become upset and try to sue the sellers. To avoid liability and ensure compliance with the law, it’s essential to disclose any prior flooding to potential buyers. Reporting known defects is a legal obligation. Seek guidance from a real estate lawyer if you are unsure of how to proceed. (Info Source: DMAR (The Denver Metro Association of Realtors, Your Castle Real Estate Analysis)     INFO FOR BUYERS Be Strategic About Your Offers   The current market presents some advantages for buyers. With a decrease in the number of sales and an increase in active listings, there is more inventory to choose from compared to previous years. However, also keep in mind that although the average price premium has significantly decreased, it’s essential to approach your offer(s) strategically and be prepared for potential competition. Additionally, stay informed about mortgage rate fluctuations, as they will influence your borrowing costs! (Info Source: DMAR (The Denver Metro Association of Realtors, Your Castle Real Estate Analysis)     *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

What to do in Denver in June 2023

  June events to check out!       June 8th – 11th: Denver Fringe Festival “The Denver Fringe Festival is a performance art festival like no other! June 8-11, four days of bold, original performing arts from local and national performers at 10 performance venues throughout RiNo/Five Points – new plays and solo shows, comedy and improv, cabaret and burlesque, magic, circus arts, dance, aerial, immersive experiences and more! Tickets are just $15. Plus FREE street performances and a KidsFringe with FREE shows for kids and families!” More Info!         June 9th – 18th: Denver Nuggets Finals Watch Parties “After nearly five decades, the Denver Nuggets have won their first conference title, sweeping the Los Angeles Lakers to win the NBA Western Conference on Monday, May 22, 2023. The team overcame a 15-point deficit at halftime to defeat the Lakers 113-111. The Nuggets will host Games 1 and 2 at Ball Arena in Denver on Thursday, June 1, and Sunday, June 4, respectively, while Games 3 and 4 will take place at the Heat’s Kaseya Center (formerly Miami-Dade Arena). If necessary, Game 5 will be held at Denver’s Ball Arena, Game 6 at Miami’s Kaseya Center, and Game 7 back on the Nuggets’ home turf at Ball Arena.” More Info!         June 10th – 11th: Denver Chalk Art Festival “The popular street painting festival in the cultural center of the Golden Triangle features more than 200 artists using the streets as a unique canvas, and then using chalk to create fantastic and colorful paintings at the viewer’s feet. DCAF is free to attend and encourages professional and emerging artists to participate.” More Info!           June 12th: Film on the Rocks  – Indiana Jones & the Raiders of the Lost Ark “Denver Film Presents – Film On The Rocks: Indiana Jones and the Raiders of the Lost Ark Pre-show entertainment by Pathfinder & The Mañanas” Get Tickets!             June 17th – 18th: Juneteenth Music Festival “Juneteenth Music Festival is the nation’s signature Juneteenth event. The Historic Five Points Neighborhood of Denver, Colorado hosts the celebration which has expanded immensely, from a very little-known piece of American history to now a nationally celebrated holiday. Juneteenth in Denver Colorado is a week-long celebration including state-wide activations, concerts, and the popular Parade + 2-day Street Festival based in the Historic Five Points Neighborhood of Denver, Colorado.” More Info!         June 19th: Film on the Rocks  – Black Panther “Denver Film Presents – Film On The Rocks: Black Panther. Pre-show entertainment by Aquile” Get Tickets!           June 24th: Highlands Street Fair “Join us Saturday, June 24, 2023 for the free Highlands Street Fair in Highland Square, West 32nd Ave. in Denver, Colorado. Enjoy live music, food from local restaurants, great shopping, and more! Support local business and the local Denver community to start your summer on a higjunh-note.” More Info!           June 24th – 25th: Denver PrideFest “Denver PrideFest features a two-day festival that draws visitors from throughout the state of Colorado and the Rocky Mountain region. Estimated attendance in 2023 exceeded 535,000 people! The weekend kicks off with the Pride 5K on Saturday, June 24, followed by the two-day Denver PrideFest at Civic Center Park. The Fest includes over 250 exhibitors, 30 food & beverage vendors, and live performances all weekend long. Sunday begins at 9:30 am with colorful floats, marchers, music, and much more at the annual Coors Light PrideFest Parade. Over 100,000 cheering guests will line 14 blocks of Colfax Avenue from Cheesman Park to Civic Center, where the celebrations continue on day two of Denver PrideFest.” More Info!           Have an Amazing June!    

Denver Real Estate News – June 2023

  Housing Inventory Increased, Sales Declined   The metro Denver real estate market in April showed an increase in active listings by 44% compared to the previous year, with the number of homes up by 33% and the number of condos up by 80%. However, the 6,600 active listings remained well below the historical average of 14,300 for this time of year. If we don’t see an increase in new inventory getting brought to the market, we might see fiercer competition for what few listings we do have available. Under Contract listings decreased by 18% from the previous year, consistent with national trends, indicating a lack of mortgage applications from buyers. Overall sales were down 30% from April 2022, with homes and condos performing similarly to each other.  The average sales price declined by 5.6% in Denver compared to the previous year but remained more stable than in most other western US cities (e.g., Seattle, San Francisco, Los Angeles). The average price for homes and condos in April was $682,000. Properties sold for an average of 0.21% above the asking price, showing a more competitive market than we’ve had so far this year.   (Info Source: The Denver Metro Association of Realtors (DMAR))     INFO FOR SELLERS Skyrocketing Property Valuations Spark Concerns The hottest news for homeowners has been that property assessors in metro Denver have reported double-digit increases in property valuations, impacting homeowners’ property taxes. Median residential increases ranged from 33% in Denver to 47% in Douglas County. Property owners are encouraged to review their assessments and file an appeal if necessary. The new property taxes are significantly higher for most homes, which unfortunately will hurt the ability of some buyers to qualify for their monthly payments. Lawmakers are discussing reducing the increase of property taxes. We’ll see if they can agree, and if so, how fast it will take for any relief to be issued. (Info Source: The Denver Business Journal)       INFO FOR BUYERS Affordability Remains an Issue – Consider Adjusting Expectations Although Colorado ranks fourth on Moneywise’s list of challenging states for first-time homebuyers due to high prices and limited inventory, there are some enticing options for savvy buyers out there. Consider exploring new construction homes, as builders often include incentives for mortgage buy downs, making them attractive financial choices. As a point of reference, in December 2022 newly built homes represented 35% of all homes sold in the U.S. Also, consider condos/townhomes, as they are now significantly cheaper on average than detached single-family homes. Even if your next home is not your dream home or forever home, you can still build equity over the life of your loan and could eventually consider trading up or refinancing for lower monthly payments if possible. Try to take advantage of these opportunities as a stepping stone to fulfill your homeownership aspirations while building your own equity (as opposed to your landlord’s) and secure a brighter future for yourself in the process! (Info Source: The Denver Metro Association of Realtors (DMAR), The Wall Street Journal)   *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

What to do in Denver in May 2023

Check out these great May events!       May 6th – 13th: Denver Fashion Week Spring/Summer ‘23 “Denver Fashion Week, one of America’s fastest-growing fashion platforms, is back again for Spring 2023. Collections from local, national, and international designers will range from streetwear, activewear, lifestyle, kids, and sustainability to high fashion. The nationally acclaimed show takes place twice a year in the fall and spring seasons. As Colorado’s largest fashion show, thousands of attendees show up each year in support of Denver’s growing and diverse fashion community. DFW tickets always sell out, make sure to reserve yours.” Tickets & More Info!         May 13th: Monster Jam “Monster Jam, the most action-packed motorsports event on four wheels in the world, returns to Empower Field at Mile High on May 13. Witness world-class driver athletes and the most recognizable trucks tear up the dirt and compete in intense competitions of speed and skill.” Tickets & More Info!             May 13th – 14th: Sloan’s Lake Spring BAZAAR “Spring is in the air and Denver BAZAAR is excited to return to Sloan’s Lake on May 13 + 14 for Spring BAZAAR! This outdoor market will feature 80+ carefully curated vendors, DIY Craft Workshops, live DJ, festive springtime sips and local craft beer, food trucks and street food, and more! When? Saturday, May 13 & Sunday, May 14 12PM – 6PM. Where? We’re popping up one block from Sloan’s Lake, taking over the streets between 17th Ave & W Conejos Pl! Sloan’s Lake / West Colfax: 1611 Raleigh St. Denver, CO 80204. Admission? FREE entry, all ages!” More Info!         May 20th – 21st: Denver Colfax Marathon “We are excited to host the Denver Colfax Marathon May 20-21, 2023. We’ll have our two-day Cigna Denver Colfax Marathon Expo at Empower Field at Mile High on on Friday and Saturday, May 19-20. Our 5K Kickoff will be on Saturday May 20th, and our main Race Day will be on Sunday May 21st, with the Marathon, Half Marathon, Urban 10 Miler and Marathon Relay (Corporate, Government and Open Relay Divisions). It’s the Ultimate Urban Tour of Denver with epic sites. Start and finish in Denver’s City Park. Run through Empower Field at Mile High – twice! Run through Denver Fire Station #1, along seven miles of rivers, lakes and bridges – including Sloan’s Lake. Race through eclectic neighborhoods, historic Lakewood, the bustle of Colfax Avenue, and downtown Denver – with views of the majestic Rocky Mountains! Join us for a family-friendly 5K on Saturday, or choose from our Marathon, Half Marathon, and Urban Relay on Sunday.” Registration & More Info!         May 27th – 28th: Denver BBQ Festival “We’re kicking off a summer of smoke in Denver! Memorial Day Weekend May 27-28.” Tickets & More Info!               May 27th – 28th: Denver Arts Festival “The summer arts festival season will open with the 24th Annual Denver Arts Festival, May 27 – 28, at Conservatory Green in Central Park. Experience fine art and fine crafts from over 140 Colorado and national Artists. You can make a day of it with plenty of art to see, wine tasting from La Crema Winery, food trucks, adult beverages plus free live music both days. There is the Kids Art Zone where kids can create their own paintings to take home with them. Come see why this festival is one of the top-ranked shows in the country. Free admission and free parking.” More Info!         Have a marvelous May!