Metro Denver housing market continues to cool down

With summer behind us, home sales and active listings in the Denver area have continued to drop. According to this Denver Post article “It is common for the number of active residential listings in metro Denver to drop between September and October as activity slows. Since 1985, that monthly drop has averaged around 5.8%. October’s inventory decline of 15% marks the second largest on record after a 16.8% decrease in October 2017, according to the report.

“If you are a picky buyer, you must be patient as there are clearly not a lot of available properties,” said Andrew Abrams, chairman of the DMAR Market Trends Committee, in comments included with the report.

That said, the tight supply isn’t providing sellers the same advantages it did earlier in the year. While there is still a premium paid over the list price of 101.8%, Abrams said extreme bidding wars are less common.

“Listings are still getting offers but far fewer than we saw this past summer,” said Jenny Usaj, co-owner of Usaj Realty and a member of the DMAR Market Trends Committee, which compiles the report. “A few of our recent listings received only two or three offers. As such, the cooler fall season makes it a great time to buy since and — from what we have seen — there appears to be less buyer competition.”’

Click here to read the Denver Metro Real Estate Market Trends Report for November.

New Listing- 5 bed, 3 bath in Arvada, listed at $635,000

🏡 NEW LISTING- 5 bed, 3 bath, 2 car garage home in Arvada

👉🏼 Listed at $635,000

⭐️ 3,360 square feet

✔️ Full remodel within the last 5 years includes: roof, furnace, a/c, driveway, complete kitchen, 3 bathrooms, exterior & interior paint, refinished hardwood floors, new gas fireplace surrounded by beautiful brick & a feature mantle

✔️ Walk or bike to Lake Arbor to view the lake & experience the work out course

✔️ A short walk to the newly redeveloped Downtown Westminster that includes restaurants, rec, shopping & entertainment

✔️ Within a mile to the Sheridan West Side Park n Ride Light Rail & HWY 36 to Denver & Boulder

Find more pictures & the 3D tour here.

Colorado Fall Color Guide 2021

It’s about that time when the Aspens start turning gold and all the beautiful, bold fall colors are abundant. The timing and intensity of the color varies each year based on temps, wind, precipitation and elevation, but this list is an estimate on when to best view colors per each location. If a trip to the mountains isn’t in the cards this fall, don’t stress. The trees in the Denver area will start turning soon and be bright and beautiful early October.