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Uncategorized Shifting Gears in the Denver Market Three key figures – 14, 99.19%, and 7,629 – shed light on the evolving dynamics of the Denver real estate market. The figure 14 represents the median Days in MLS (DIM), showcasing a notable 27.3% month-over-month increase. The 99.19% denotes the closed-to-list price ratio, essentially staying the course with a marginal -0.27% shift from the […]
Uncategorized A Blast from the Past: Understanding Housing Affordability Through the Decades The world of real estate is no stranger to cycles, trends, and shifts. As we navigate the complexities of today’s housing market, many find themselves drawing parallels to a bygone era—the 1980s. It was a decade marked by vibrant pop culture, technological revolutions, and, notably, a tumultuous housing market. With skyrocketing interest rates and unique […]
Uncategorized Why New Construction Should Be at the Top of Every Homebuyer’s List When embarking on the exciting journey of purchasing a home, many buyers are faced with a pivotal decision: should they opt for an existing home or consider new construction? I’ve witnessed the remarkable impact of new construction homes and the plethora of advantages they present. Let’s explore why new construction could be an ideal choice […]
Uncategorized Crafting Your Renovation Plan: 7 Tips for Success Renovating a home is an exciting journey filled with potential and creativity. But it’s also a complex process that requires careful planning, consideration, and strategy. Here are seven essential tips to help you craft a successful renovation plan, ensuring quality, value, and the transformation of your space into your dream home: Understand Your Vision: Define […]
Uncategorized From Hail to Prevail: A Guide to Roof Replacement in Denver Hello, Denver! In the aftermath of our recent hail storms, many homeowners are left grappling with a significant question: Is it time to replace my roof? It’s a question that calls for a comprehensive answer, informed by data, anecdotal evidence, and expert guidance. That’s what we’re here to discuss today. Let’s start by acknowledging a […]
Uncategorized Why Now is the Perfect Time to Sell Your Denver Home and Upgrade Hello, Denver! As we navigate the ever-changing landscape of the real estate market, I’m here to provide you with the latest insights and advice. Today, I want to talk about why now is an excellent time to sell your Denver home and purchase your move-up home. According to a recent article on Forbes, inflation is […]
Uncategorized Synthesizing the Statistics: Median Sale Price vs Average Sale Price In the world of residential real estate, knowledge is power. That knowledge, however, is only as accurate and reliable as the data on which it’s based. When considering the real estate market, two common metrics emerge: average sale price and median sale price. Though they may seem similar, they each reveal distinct facets of the […]
Uncategorized Synthesizing the Statistics: Closed Price-to-List Price Ratios 100.21%. That was the average Closed Price-to-List Price Ratio (CP/LP) across the Denver metro area in April 2023 (source – Denver Metro Association of Realtors Market Trends Report May 2023). That number is up from 99.79% during the previous month and down from 106.87% a year ago. This statistic offers valuable market insight to both […]
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Uncategorized The Technological Boom: Impact on Greenwood Village’s Luxury Real Estate and the Fast-Growing Denver Tech Center Greetings, it’s Renee Cohen, your reliable real estate specialist in Colorado. Today, I want to delve into an intriguing evolution that’s sweeping over Greenwood Village and the surrounding Denver Tech Center (DTC) – the rise of technology, its impact on luxury real estate, and the fast-paced growth of the tech industry in the area. With […]
Uncategorized Shocking Increase in Property Valuations | What You Need to Know Did you receive your Property Valuation Notice and are you ready for what’s coming next? Increased property values may result in a significant INCREASE in your monthly mortgage payment!   The 2023 Property Valuation Notice has raised concerns about increased property valuations across the metro area. This is due to a strong economy, influx of […]
Uncategorized Synthesizing the Statistics: Showings-to-Pending Statistics. The word itself can elicit a love/hate response, depending on how you feel about them; those who love data and numbers dive right in while those who detest that material may recall suffering through a college course only because it was a requirement for a major. Yet, most industries rely on statistics and the […]
Uncategorized Luxe Up Your Kitchen with These 7 Tips The kitchen is the heart of the home, where family and friends gather to cook, eat, and socialize. A luxurious kitchen is not only functional but also beautiful and inviting. With a few simple tips, you can transform your kitchen into a luxe space that will impress your guests and make you feel proud of […]
Uncategorized Seller Strategies in 2023: Patience, Preparation, and Pricing The Denver real estate market is never static. We have already seen that to be true with the market starting to shift again, just six weeks into the new year. Given that the market is ever-changing, what strategies should sellers use to be successful in this market? The answer points to patience, preparation, and pricing.  […]
Uncategorized New Year, New Market? We’re at the start of the new year, and many people are curious about how the Denver real estate market will play out in 2023. Let’s take a look at Metrolist statistics related to Inventory, Closed Price/List Price Ratios and Days on Market to evaluate the current market.   Inventory   We ended December 2022 […]
Uncategorized Today’s Housing Market is Not Going to be a Repeat of 2008 Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the […]
Uncategorized The 2-1 Buydown: Worth the Hype? By now you’ve heard that interest rates have hit over 7%, the real estate market has softened, and buyers and sellers are shifting their strategies in order to be successful. One of those emerging shifts includes a loan program known as the 2-1 Buydown. What exactly is a 2-1 Buydown and how does it work? […]
Uncategorized Housing Experts Say This Isn’t a Bubble With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to pop. […]
Uncategorized Interest Rates, the Stock Market, and Real Estate   Interest Rates, the Stock Market, and the Real Estate Market…Oh My! By Renee Cohen June 16, 2022   I spoke with a lender yesterday who mentioned that interest rates, at that particular moment, were at 5.875% for a 30-year fixed mortgage. I told that lender that we haven’t seen rates that high since my […]
Uncategorized Do Rising Rates Affect Home Value? As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has […]
Uncategorized Considering a Move this Spring? If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data. Today, there are […]

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