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You'll find local information, buying and selling tips, and updates on listings and market reports for the Denver Real estate market and specifically Wheat Ridge Real Estate.

June 24, 2021

Fun Things To Do in Denver: Wheat Ridge Carnation Festival Returns For 2021

Wheat Ridge Carnation Festival 2021

If you are looking for fun things to do in Denver, the Wheat Ridge Carnation Festival 2021 is something that you should be looking forward to!

Fun Things To Do in Denver Wheat Ridge Carnation Festival Returns For 2021

Wheat Ridge was once known as the Carnation Capital. The city of Wheat Ridge, Colorado hosts one of the oldest and longest-running annual Carnation Festival which will be the 52nd year this 2021. Wheat Ridge, Colorado's Carnation Festival is a 3-day free event for the community where it highlights the unique character of Wheat Ridge and celebrates the once-thriving carnation industry and farmers in Wheat Ridge. The Carnation Festival is one of the most awaited events in Denver.

The 2021 Wheat Ridge Carnation Festival will be held starting on August 13 to 15 at Anderson Park, 4355 Field Street. The Carnation Festival 2021 in Wheat Ridge is going to be fun for people of all ages and will include live music, a classic car show, a parade, carnival ridges, mix and match of different vendors, food, beer and wine, activities for kids, fun run, fireworks, local artists, art show, and so much more! There is something for everyone and a lot of fun things to do in Denver!

Here are some of the events in Denver that the Wheat Ridge Carnation Festival will feature:

Wheat Ridge Carnation Parade

The Wheat Ridge Carnation Parade will be strolling along 38th Ave from Ames Street going to Upham Street on Saturday, August 14, at 9:30 AM MST. The Wheat Ridge Carnation Festival Parade is one of the longest-standing traditions in Wheat Ridge to celebrate its heritage and will feature local schools, businesses, and non-profit organizations.

The Wheat Ridge Grange at 3850 High Couty will also be offering a Pancake Breakfast at 7:00 AM prior to the parade. Everyone can join and enjoy a delicious breakfast with the community and find a great seat to enjoy the parade! There will also be parade entry applications where schools, businesses, and non-profit organizations in Denver can sign up to until July 31, 2021.

Music Festivals

The 2021 Wheat Ridge Carnation Festival will be having a 3-day music festival that will feature over a dozen musical acts including Hazel Miller, The Trampolines, Buckstein, KISSm, That Eighties Band, and many more!

You can see the line-up of artists from Friday to Sunday and their schedules here.

Specialty Food Events

One of the fun things you can do in Denver too is to discover its food specialties. Wheat Ridge Carnation Festival will also have different food events such as the Pancake Breakfast before the parade at Wheat Ridge Grange, 3850 High Court, the famous Spaghetti Dinner served by the West Metro Fire Rescue in the food court, a Chili Cook-off, and a Pie Baking Contest!

There is also the Beer Garden where they will not only be offering beers but a wide variety of beverages for people of all ages such as wine and many more. The Wheat Ridge Rotary Club has teamed up with Budweiser and Breckenridge Brewery to offer a great selection. This is the only major fundraising event for the Rotary Club each year. Funds raised at the festival will remain in the community by way of scholarships and funds for local non-profit organizations.

To see more details, schedules, and to join in these food events, you can go here.

Big Wheels on The Farm

Big Wheels on The Farm is a fundraiser event for classic car owners and enthusiasts in the Wheat Ridge Carnation Festival which will benefit the Wheat Ridge High School Clubs and Sports. These classic vehicles will roll in loudly on Sunday at August 15th, 9 AM to 3 PM at Anderson Park (44th and Field Street). The car show will feature American muscle, hotrods, exotics, classics, and vintage vehicles--all parked in the grassy area in the heart of festivities, surrounded by food trucks, vendors, the main stage, and more! 

To join the car show, you can go here.

Mark your calendars! There is so much more to be looking out for in this year's Wheat Ridge Carnation Festival. If you are looking for fun things to do in Denver in August, this is something you should definitely participate in. To see other events at the Carnation Festival, you can go to thecarnationfestival.com. To access the map for the event, you can go here.

Posted in Community News, Wheat Ridge
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June 23, 2021

Wheat Ridge, Colorado Real Estate Market June 2021

Wheat Ridge, Colorado Real Estate Market Report June 2021

Wheat Ridge, Colorado Real Estate Market Report June 2021

The latest Denver housing market report for May 2021 showed how great the demand is for residential properties especially single-family detached homes in Wheat Ridge, Colorado. The Denver real estate market still shows extreme seller's market, though closings are still happening and up by 18.78 percent with active listings being down by 4.11 percent compared to 2020's Denver housing market report.

There are still more buyers looking to buy than there are available homes for sale in Wheat Ridge, Colorado. As expected, it's also showing a strong seller's market for every property type and every price point of homes for sale in Wheat Ridge, Colorado. It has been an unpredictable year in the Denver housing market, lacks seasonal consistency considering the rainy weather and prices still continue to rise. On the last day of May 2021, there were still only 4,343 active properties which is still the lowest May on record compared to the previous year's 15,707.

The main focus of this real estate market report is the homes in East Wheat Ridge, from 26th Avenue to 44th Avenue and Sheridan Boulevard to Wadsworth Boulevard. In May 2021, there were only 4 active homes for sale while May 2020 had 19 active homes for sale in Wheat Ridge, Colorado. Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®, said "Like a marathon, buyer fatigue has slowed people down but has not stopped anyone from crossing the finish line. Interest rates continue to be relatively low and consistent. Listings continue to slowly hit the market, while buyers continue to gobble up properties as soon as they do. A direction of resiliency, strength, and the possibility of fun was on the horizon. For sellers, the latter has proven true while buyers continue with themes of resilience and strength to overcome this tough seller’s market.” Buyer fatigue is very common in this competitive Denver housing market however, that does not stop the Denver Metro area buyers from slowing down or giving up because of increased opportunities rising in an extreme market.

As one reflects on May 2021 housing market report in Wheat Ridge, Colorado where it showed 22 sold properties in East Wheat Ridge, Colorado compared to 2020's 13 properties just proves that the market is hot, hot, hot. The closed price for homes in Wheat Ridge, Colorado went up from last year's $482,192 to a whopping $671,000 for May 2021. Not only that, the average listing price for homes in Wheat Ridge, Colorado is now up to $630,047 which is a 106.5% difference to the closed price over the listing price.

If you are planning to sell your home in Colorado, now is the best time as you can still expect multiple offers and can also expect over asking price. On the other hand, if you are planning to buy a home in Colorado, it can be challenging as there is a lot of competition. You deserve a real estate agent who has a proven strategy, a strong negotiator, and backed with experience to help you be successful in today's challenging Denver real estate market.

If you are looking for homes for sale in Wheat Ridge, Colorado, we can help you find the perfect home for you.

Posted in Market Updates, Wheat Ridge
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June 7, 2021

Denver Housing Market Report June 2021

Denver Housing Market Report June 2021: What's Going On With Denver Real Estate Market Today?

The latest Greater Denver real estate market report is OUT!

Greater Denver, Colorado Real Estate Market Report May 2021

It is important to understand what is happening currently in the Greater Denver housing market and as well as why it is happening if you are thinking of buying a home in Colorado this 2021. Real estate market reports are only the beginning of the process of understanding the changes, opportunities, and challenges in the Greater Denver real estate market. My Colorado Move is here to dive deep into these numbers with you.

Greater Denver Housing Market Report

The Greater Denver real estate market still continues to depict an extreme seller's market. June 2021 Greater Denver housing market closings keep increasing up to 18.78% despite active listings in Denver continue to decline down to 4.11% year-to-date compared to 2020's Greater Denver housing market report. At the same period, the Greater Denver real estate market reports that show the 18.78% increase is a reflection of how the Coronavirus pandemic shutdown has impacted the real estate industry at this time and supports the concept of increased buyer demand.

There were 1,336 single-family detached active homes on the market compared to last year's 4,725. There were also 4,545 new homes listed on the market which showed a 13% decrease compared to the previous year. 3,685 single-family detached homes were sold in April 2021 which also showed a 42% increase compared to the previous year. Detached single-family homes are also being sold quickly with a shocking average of only 8 days of being live on the market.

Denver housing prices in today's real estate market continues to soar than in the previous month and have shown what they call a 'buyer fatigue'. Based on the recent release of Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®, "Like a marathon, buyer fatigue has slowed people down but has not stopped anyone from crossing the finish line. Interest rates continue to be relatively low and consistent. Listings continue to slowly hit the market, while buyers continue to gobble up properties as soon as they do." The Greater Denver housing market report has turned into such an unpredictable year that lacks consistency with the rainy weather to consider, however, prices still continue to rise. The average closed price for detached family homes in Denver was $700,559 compared to last year's $542,003. This resulted in a whopping increase in closed price by 29%. The Denver housing market forecast for 2021 showed the month-end active inventory is down 20.01% and this outlier of a stat can be explained by two things: overall listings are down and buyer demand is up. With competition continuing across all price ranges and static inventory scarce, it is likely records will continue to be broken in this hot market. 

Buying or Selling a Home in Colorado

If you are planning to sell your home in Colorado, now is the best time as you can still expect multiple offers. On the other hand, if you are planning to buy a home in Colorado, it can be challenging as there is a lot of competition. You deserve a real estate agent who has a proven strategy, a strong negotiator and backed with experience to help you be successful in today's challenging Denver real estate market. If you are looking for great homes for sale in Denver, we can help you.

Our goal is to help our clients understand how these changes impact them to be able to create a strategy to benefit from the current Denver housing market. It is still definitely a great time to sell and move up to buy in many Denver communities with today's historic low-interest rates.

To download or see a copy of the full report, click here.

Posted in Real Estate News
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June 3, 2021

Denver Housing Market Report May 2021

Denver Housing Market Report May 2021: What's Going On With Denver Real Estate Market Today?

The latest Greater Denver real estate market report is OUT!

Greater Denver, Colorado Real Estate Market Report May 2021

It is important to understand what is happening currently in the Greater Denver housing market and as well as why it is happening if you are thinking of buying a home in Colorado this 2021. Real estate market reports are only the beginning of the process of understanding the changes, opportunities, and challenges in the Greater Denver real estate market. My Colorado Move is here to dive deep into these numbers with you.

Greater Denver Housing Market Report

The Greater Denver real estate market has been hot, hot, hot. April 2021 depicts increased opportunities in an extreme real estate market, with the Luxury Market showing the possibility for buyers who outlast the fatigue of competition to find themselves with more options that they have seen in months. There are more buyers looking for Denver, Colorado houses than there are houses available in the Greater Denver area right now. The Denver housing market report for May 2021 continually shows a very strong seller's real estate market month after month. In April 2021, there were 1,640 single-family detached active homes on the market compared to last year's 4,576. However, there were 4,662 new homes listed on the market which showed a 40% increase compared to the previous year. There were also 3,586 single-family detached homes that were sold in April 2021 which also showed a 25% increase compared to the previous year. Detached single-family homes are also being sold quickly with a shocking average of only 10 days of being live on the market. 

Denver housing prices in today's real estate market soared more in April than in the previous month. Based on the recent release of Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®, the April 2021 Denver real estate market saw a month-over-month appreciation of 4.28%. The average house price in Denver for single-family detached homes was $699,039 in April while the median price was $585,000, up 23% year-over-year. Single-family detached homes saw a 3% percent increase in closed sales compared to the previous month. It simply keeps going up. Historically, the Greater Denver real estate market has seen annual inventory reach its low point in February and March. Based on the Denver housing market forecast for 2021, it will be followed by increased listing activity until the market hits its inventory peak in August and September. 

Buying or Selling a Home in Colorado

If you are planning to sell your home in Colorado, now is the best time as you can expect multiple offers. On the other hand, if you are planning to buy a home in Colorado, it can be challenging as there is a lot of competition. You deserve a real estate agent who has a proven strategy, a strong negotiator and backed with experience to help you be successful in today's challenging Denver real estate market. If you are looking for great homes for sale in Denver, we can help you.

Our goal is to help our clients understand how these changes impact them to be able to create a strategy to benefit from the current Denver housing market. It is still definitely a great time to sell and move up to buy in many Denver communities with today's historic low-interest rates.

Posted in Real Estate News
no comments yet
Nov. 2, 2020

Denver 3rd Quarter Market Stats

Posted in Community News, Market Updates, Real Estate News
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March 4, 2018

US housing prices return to pre-recession

If you have lived in some of the highly appreciating markets it is tough to believe that parts of the US have just now reached their pre-recession peaks.  Is this proof that the housing market has more room to grow?

US housing prices return to pre-recession averages

https://www.mansionglobal.com/articles/90201-u-s-housing-prices-return-to-peak-levels

Posted in Real Estate News
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