Here's Where You Can Celebrate Pride in Colorado

Happy Pride Month!

Colorado celebrates Pride all over the state this month. LGBTQIA+ Pride Month started following the Stonewall riots in New York on June 28, 1969. Five years later, in 1974, Denver's Pride traces its roots to a picnic following anti-LGBTQIA+ ordinances repealed in Denver.

Here is a list of events in Colorado during Pride month.

Thursday, June 6

Pride Anniversary Celebration:  Center on Colfax, Denver, 4 p.m. - 7 p.m.

Indie 102.3 Pride Kickoff Concert, Meow Wolf, 1338 1st Street, Denver, 7 p.m.

Friday, June 7

Rainbow Alley's Hike: Rocky Mountain Arsenal, 8 a.m.

Dyketopia 3rd Annual Pridestravagayza: The Oriental Theater, Denver

Longmont Pride: 700 Longs Peak Ave., 3:30 p.m. - 8 p.m.

Saturday, June 8

Adams County Pride: Riverdale Regional Park, 9755 Henderson Road, Brighton, 11 a.m. - 5 p.m.

Pikes Peak Pride Fest: Alamo Square Park, 215 S. Tejon Street, Colorado Springs 10 a.m. - 7 p.m. 

Greeley Pride: 4901 W. 20th St., 11 a.m. - 5 p.m. 

Jurassic Pride:  Durango, 1 p.m. - 4 p.m. 

Montrose Pride:  Shanes Way, 3 p.m. - 8 p.m.

Silverthorne Pride: 491 Rainbow Drive, 9 a.m. - 10 p.m.

Queer Capitol Hill Walking Tour: Molly Brown House Museum, 1340 Pennsylvania, 10 a.m. - 12 p.m. 

Sunday, June 9

Pikes Peak Pride Fest Parade: Acacia Park to Pioneer Museum on Tejon Street, 11 a.m. 

Tuesday, June 11

CU Boulder Pride Ice Cream Celebration: 1 p.m. - 2:30 p.m.

Friday, June 14

Black Excellence Gala: Denver Botanic Gardens, 7 p.m.. - 10 p.m. 

Saturday, June 15

Yampa Valley Pride: Farmer's Market and Craig Pride in the Barn 

Longmont Pride: Roosevelt Park, 3:30 p.m. - 8 p.m.

Leadville Pride and Parade: Harrison Ave., All Day 

Loveland Pride Walk and Celebration: Foote Lagoon Civic Center, Begins at 11 a.m.

Ouray County Pride in the Park: Ridgeway, Hartwell Park, begins at 12:30 p.m.

Pride Night at the Rockies:  Coors Field, 7 p.m. - 9:30 p.m. Tickets required. 

Sunday, June 16

YouthSeen Queer Cookout: Sie FilmCenter, Denver, 2 p.m. - 6 p.m. 

Friday, June 21

QTPOC Pride Summer Solstice: 1750 30th Street, 6 p.m. - 11 p.m.

Saturday, June 22 & Sunday, June 23

Denver PrideFest and Parade: Saturday, Civic Center Park begins at 11 a.m. Sunday; Parade begins at 11:00 a.m. at Cheesman

Saturday, June 29

Northern Colorado Pride: Loveland's Ranch Events Complex, 11 a.m. - 5 p.m.

Seco Pride in Lamar: Enchanted Forest, 201 E Beech Street, Noon - 5.p.m.

Thornton Pride: Arts & Culture Center, Noon - 4 p.m.

Sunday, June 30

Boulder Pridefest: 1212 Canyon Boulevard, 11:30 a.m. - 5 p.m. 

For a full list of Denver Pride events, click here.

Read more at CBSNews.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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The Number of U.S. Homes for Sale Is Slowly Returning to Normal: An ‘Incredible Trend,’ Economists Say

Homebuyers willing to brave today’s high mortgage rates might at least be delighted to find that they have plenty of homes to consider.

In the latest monthly housing report from Realtor.com®, the overall number of homes for sale in May marks seven months of growth.

“The biggest eye-catcher for me is the fact that inventory is rising sharply,” says Realtor.com senior economist Ralph McLaughlin. “There are 35.2% more homes on the market than this time last year, an incredible trend in the direction of normality.”

“While the housing market is still in the seller’s territory, it is expected to shift in a buyer-friendly direction as mortgage rates resume their decline over the next year and the number of homes for sale increases,” says Realtor.com economic data manager Sabrina Speianu.

Home prices rose seasonally

As is typical in the housing market’s warmer months, the national median list price continued to increase seasonally by 0.3% to $442,500 in May, compared with $430,000 in April. (Last year’s May median list price was $441,000.)

Moderately steady home prices are due to a rising number of affordable homes hitting the market.

“The inventory of lower-priced homes is rising faster than other segments,” says McLaughlin. “There are 46.6% more homes on the market in the $200,000 to $350,000 range, something inventory and price-constrained buyers will surely welcome.”

In addition to the list price, buyers and sellers might want to examine the median list price per square foot, which rose by 52.7% this May compared with May 2019.

“The price-per-square-foot metric is an important one to pay attention to because the change in that metric is a more solid measure of how much more a home is worth over time than looking at changes in median list price,” says McLaughlin.

And here’s more good news for sellers who bought before the COVID-19 pandemic: Namely, the typical listed home price this May grew by a whopping 37.5% compared with May 2019.

How high mortgage rates have hit housing

Although listing levels are rising overall, high mortgage rates have kept some sellers on the sidelines.

This May saw 6.2% more fresh homes for sale than this same month last year. But that’s almost half of April’s new listings levels, which saw a 12.2% growth rate.

“Sellers—who are often buyers themselves—responded to rising mortgage rates with some caution,” says Speianu. “The growth in newly listed homes dipped, although newly listed homes still remained higher than the previous year.”

And if mortgage rates drop later on as anticipated, more sellers are bound to jump into the market.

“We expect selling activity to normalize as rates inch their way down over the next year,” says Speianu.

Listings levels are up overall in the biggest U.S. cities

In May, all four regions of the U.S. saw active housing stock grow over the previous year.

The South continues to lead as the region with the most listing growth year over year, hitting 47.2% in May.

The West saw a 34.5% growth in the number of homes for sale, while the Midwest saw a 20.5% increase. The Northwest was far behind the rest of the country, with growth coming in at 9.4%.

The number of homes for sale also increased in all of the 50 largest metros compared with last year.

The metros with the most growth in homes on the market were Tampa, FL (+87.4%), Phoenix (+80.3%), and Orlando, FL (+78.0%).

“These markets were booming during the [COVID-19] pandemic frenzy, and homebuyers couldn’t get enough inventory during those years,” says McLaughlin. “But the growth in inventory now suggests those markets are normalizing as the pendulum swings back in the opposite direction.”

Only 12 of the 50 largest metro areas saw higher inventory levels in May compared with typical 2017 to 2019 levels. However, it’s important to note that this figure is up from only seven metros last month.

The top metros with housing stock above pre-pandemic levels were mostly in the South and West and included Austin, TX (+33.6%), San Antonio, TX (+31.8%), and Denver (+22.0%).

While listings levels this May are much improved compared with the previous three years, “it is still down 34.2% compared with typical 2017 to 2019 levels,” explains Speianu.

Homes continue to sell quickly

The typical home spent 44 days on the market this May, which is one day extra compared with last year.

A greater supply of homes on the listing pages might be the reason it took homes slightly longer to sell.

“May marks the second month in a row where homes spent more time on the market compared with the previous year as inventory continues to grow and home sales remain sluggish,” says Speianu. “However, the time a typical home spends on the market is eight days less than the average May from 2017 to 2019.”

Read more at Realtor.com

Related Links

• How an Agent Helps Market Your House

• Simple Strategies for Stress-Free Home Clean-Up

• 6 Things You Absolutely Need as a New Homeowner, According to Reddit

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

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Just Listed: This unique, modern but vintage home is the perfect place to relax, entertain + enjoy everything you love about living in Colorado!

This unique, modern but vintage home is the perfect place to relax, entertain + enjoy everything you love about living in Colorado!

Enjoy your morning coffee in the living room looking out to the quiet cul de sac or head to the back deck to enjoy the sunshine! Passing through your light-filled living space with massive windows, you'll find the open kitchen, where you can whip up some appetizers and host friends for the big game or happy hour with the neighbors! Your upstairs primary suite features large windows and 2 more spacious bedrooms await, giving you room to set up your dream art studio or gym. With a 4th bedroom below, there is plenty of room for guests! The lower level offers a bonus space for a home office or extra entertaining area. End the day on your stunning back patio with a cocktail, escape by the fire pit for a night cap, or work in the garden as the sun sets. With close proximity to the neighborhood schools, and an easy commute to Boulder, Broomfield, Denver or DIA! You are going to LOVE living here!

Listed by Tami Choe for West + Main Homes. Please contact Tami for current pricing + availability.

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Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Tami Choe
(720) 771-6725
tami@westandmainhomes.com

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Just Listed: Amazing Investment Opportunity or Vacation Home in Blue River, CO

Discover the potential of this unique mountain home, perfectly positioned as a remarkable investment opportunity or an idyllic vacation retreat in Bluer River, CO.  

Just 10 minutes from Breckenridge, this property offers the best of both worlds: the tranquility of Blue River living and the excitement of nearby world-class skiing, dining, and shopping. Consider this home your blank canvas, ready to be transformed into your dream mountain escape. With no limitations on applying for short-term rentals in Blue River, you can take full advantage of the lucrative rental market. According to AirDNA, this property has the potential to generate an impressive $90,000 to $110,000 in annual rental income. Situated on a picturesque 1-acre lot along the river, the property provides a serene setting where you can enjoy watching wildlife year-round. The 2,000+ sqft addition enhances the original A-frame, providing ample space and versatility for your vision. This home features 4 bedrooms, 2 full bathrooms, and 2 half bathrooms, providing plenty of space for family and guests. The oversized 3-car garage includes a workspace and loft, ideal for storing outdoor gear or creating a hobby area. Whether you're looking for a prime investment or a peaceful vacation home, this mountain gem has everything you need to create lasting memories and generate substantial rental income.

Listed by Gabe Martin + KJ Pogorzelski for West + Main Homes. Please contact Gabe or KJ for current pricing + availability.

 

Have questions?
West + Main Homes
(303) 935-8787
hello@westandmain.com

Presented by:
Gabe Martin
970-275-1122
gabe@westandmainhomes.com

Presented by:
KJ Pogorzelski
720-475-0690
kj@westandmainhomes.com

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Greater Denver Area Real Estate Market Report from May 2024

As we head into the summer months, it's helpful to focus on the three P's to find equilibrium in the Denver Metro real estate market -patience, preparation and persistence, says the Denver Metro Association of Realtors’ Market Trends Committee.

Patience while navigating this changing market is the first key to finding success. Sellers who prepare their properties to compete on the market will find themselves a purchaser more quickly. For buyers, persistence will pay off once they find the right property.

As we patiently wait for mortgage rates to adjust downward, we continue to find a way to transact business in this landscape of seven percent interest rates. Last month, new listings rose 16.51 percent month-over-month and 33.88 percent year-over-year to 6,966. Pending sales increased a slight 1.94 percent month-over-month with 4,265 properties, while closed sales rose 5.72 percent to 4,198. Median close prices fell marginally month-over-month by 0.41 percent.

The most notable gain this month was in active listings at month end, which rose 31.03 percent month-over-month, 75.19 percent year-over-year and, most astonishing, 150.79 percent from this same time in 2022. It was widely projected that inventory would remain flat throughout 2024, as long as there wasn't a huge drop in mortgage rates. It was forecasted that homeowners would favor their low mortgage payments due to sub-four percent interest rates available during the pandemic years, then enter the market to sell their homes. Additionally, it was predicted that sellers who would enter the market would be motivated by major life changes and were in the "need to move" category. However, that doesn't seem to be the case, as sellers have been not only stepping but jumping off the fence to enter the market for a variety of reasons.

This is why it's so important for sellers to take the time to prepare their homes for the market. Those who take their Realtor's® advice have found themselves moving to the closing table more quickly than their neighbors who have not put the time and energy into getting their homes ready to list.

Opportunities do exist in the Denver market for persistent buyers. The months of inventory has grown to 2.18 market -wide, a 16.58 percent increase month-over-month. Buyers have the immense gift of choice and now have more properties to consider before submitting an offer. Additionally, consumers have become accustomed to transacting real estate quickly throughout the last few years. As a result, sellers are more willing to evaluate a price correction or negotiate with buyers at the onset for a quick sale.

Additional opportunities continue to present themselves in the condo market. These properties experienced a three-pronged financial hit over the last year due to rising HOA fees, association assessments and property taxes. Homeowners in the condo market are paying more to hold onto their properties. As a result, by and large, they are not appreciating as well as they once did due to buyer hesitancy to take on the financial burden. This has resulted in a median close price of $407,250, a 2.8 percent decrease month-over-month and a 4.18 decline year-over-year. Median days in the MLS have also increased 16.67 percent month-over-month to 14 days, an astounding 133.33 percent increase year-over-year.

The motivation to enter the market is varied. However, over the past week alone, I've encountered more buyers and sellers who are transacting real estate to take advantage of 1031 Exchange opportunities. These savvy consumers know that real estate is a sound investment, especially when focusing on patience, preparation and persistence.

Read below for a price range breakdown for properties sold between $500,000 and $749,999 from Market Trends Committee Member and West + Main Homes Agent, Michelle Schwinghammer.

Governor Polis approved a bipartisan bill that will cut property taxes, saving the average homeowner $500 and capping future tax increases at 5.5 percent.

Mayor Mike Johnston announced a plan to raise $500 million in public funds to revitalize downtown Denver over the next 10 years.

Overall office vacancy rate in downtown Denver rose to 32 percent in the first three months of 2024, the highest in decades. However, offices around Union Station and LoDo are faring better, with vacancy rates in the single digits.

Upton Residences, with 461 condos, will be Denver's second-largest condo project once completed, following the 42-story, 496-unit Spire building that hit the market in late 2009.

Colorado homeowners report 30 to 130 percent insurance premium increases, with some being informed that their policies won't be renewed.

Learn more about the market from the Denver Metro Association of Realtors.

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Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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