Summer Festivals

We are rolling into the second week of July, but there is still plenty of summer to be had!  Colorado summers are the perfect time to get out and enjoy everything this great state has to offer.  Here are some of the must check out festivals happening near you…

Cherry Creek Arts Festival– free festival with over 200 exhibits, live music, food, kid activities and more.  July 6th- 8th at Denver’s Cherry Creek North Shopping District.

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Crested Butte Wildflower Festival– this 10 day festival includes photography classes, art workshops, garden tours and guided hikes to get you up close and personal with the gorgeous wildflower display.  July 6th- 15th.

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Slow Food Nations– this three-day festival blends delicious food and beverage tastings with serious policy discussions. Hear from experts, farmers and chefs about topics such as food waste, regenerative agriculture, sustainability and more. There’s also an entire open-air marketplace where you can eat and drink to your heart’s content. Admission is free, though some events require tickets. July 13th- 15th in Larimer Square.

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Westy Craft Brew Fest– enjoy trying new beers from more than 60 local breweries, including cider and mead as well.  Live music and food trucks available to purchase from.  July 28th, 6-9 pm.

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Rocky Mountain Air & Ground Festival– After a three-year hiatus, the skies over RMMA will again feature aerobatic acts and fly-bys, while the grounds of the airport will be filled with unique and interesting aircraft and automobiles for the public’s viewing pleasure. August 4th, gates open 9 am- 4 pm.

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Lafayette Peach Festival– Palisade, Colorado peaches will be available for purchase. In addition to the world famous Palisade peaches, there will be an array of peach dishes for sale prepared by The Huckleberry (Louisville), including 4,500 servings of warm peach cobbler and 500 peach pies with crumb topping and 80 individual pans of peach cobbler available for purchase while supplies last.  Lafayette Chamber members and local volunteers will be selling these items in addition to the delicious peach smoothies throughout the day.  Enjoy fresh baked bread, BBQ, Philly Cheese Steaks, Peach Pizza, Brats, Burgers, Gyros, Turkey Legs and much more from the many food vendors. August 18th, 9 am- 4 pm.

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A Taste of Colorado– This end-of-summer festival has it all: delicious food from more than 50 vendors, carnival rides, musical performances and an arts and crafts marketplace. You’ll truly get a sampling of everything Colorado has to offer.  Free admission.  September 1st- 3 rd.

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National Night Out- WHAT IS NATIONAL NIGHT OUT?
National Night Out is an annual community-building campaign that promotes police-community partnerships and neighborhood camaraderie to make our neighborhoods safer, more caring places to live. National Night Out enhances the relationship between neighbors and law enforcement while bringing back a true sense of community. Furthermore, it provides a great opportunity to bring police and neighbors together under positive circumstances.

Millions of neighbors take part in National Night Out across thousands of communities from all fifty states, U.S. territories and military bases worldwide on the first Tuesday in August.  Neighborhoods host block parties, festivals, parades, cookouts and various other community events with safety demonstrations, seminars, youth events, visits from emergency personnel, exhibits and much, much more.

Find more on Broomfield National Night Out, being held Tues, Aug. 7th 5 – 8:30 pm.

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Surge in inventory of Denver area homes for the month of May

The Denver Metro Association of Realtors reports that metro Denver experienced a nearly 25 percent surge in the number of homes/condos for sale in May versus April.

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From The Denver Post:

“The inventory of homes buyers had to choose from at the end of May reached 6,437, up 9.2 percent from a year earlier and the highest level for a May in three years. But inventories still remain at historically low levels. Back in May 2007, when the housing bubble was bursting, there were 29,110 homes for sale on the market.

“Overall economic conditions like employment, job growth and net migration are stronger today than 2007-2008. I don’t see a bubble any time soon, but keep an eye on inventory,” Steve Danyliw, chairman of the association’s market trends committee, said in the report.

Unlike prior months, a surge in new listings wasn’t matched with a commensurate surge in home and condo sales. Those rose 6.5 percent to 5,235 during the month and are down 10.9 percent year over year.

The median price of a single-family home sold in May dropped 0.88 percent from April to $451,000, while the median price of a condo rose 2.52 percent to $305,000. Measured year over year, median home prices are up 7.9 percent, while median condo prices are up nearly 13 percent.

The speed at which homes are turning over, which tied a record low, also argues against a market turning to mush. Single-family listings spend an average of 20 days on the market, down 9.1 percent from April. For condos, the average was only 16 days, which is 15.8 percent lower than in April.”

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Other market insights from the Denver Metro Association of Realtors:

-Mortgage rates have increased a half point this year thus far, with speculation they’ll increase another half point by year-end.  This is setting urgency for some buyers to act now before rates rise.

-Denver is increasingly realizing its lack of affordable housing options and is trying to combat this through increased affordable housing legislation.

-Despite record lows in inventory, Census Bureau data shows approvals for 13, 525 housing units in Colorado through March, up 41 percent from the year prior.  Permits to build single-family homes is at its highest level since before the Great Recession.