Area Real Estate News & Market Trends

Our blog is a great resource for helpful tips, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Nov. 24, 2018

Holiday Events Guide 2018

One of the BEST things about the holidays is that there are always things to do around town – holiday-related or not.

Here's a look at some of the holiday events we know of in the Denver metro area and beyond, so get out and enjoy. Happy Holidays Everyone!!

Do you have a holiday event that's not included in this list? Send an email to info@perfecthouseforyou.com and we will gladly add it to our list.

 

See Santa All Over Town

10:00 am | FREE | Various Locations

 

Christmas carriage parade

WHEN: Dec. 8, 2018.  Pre-festivities begin at 10:30
WHERE:
Downtown Parker  
Come and experience that holiday feeling in the air and enjoy this all-equestrian parade made up of dozens of horse-drawn carriages, wagons, surreys and stagecoaches from across Colorado, all dressed up for the occasion.

SANTA'S FLIGHT ACADEMY

WHEN: Nov. 10–Dec. 24, 2018
WHERE: Cherry Creek Shopping Center
Let your little ones help Santa ready his sleigh for the big day during Santa's Flight Academy! Visit with jolly St. Nick, try out his Flight Suit Visualizer and enjoy the magical snow and light show at Cherry Creek Shopping Center

DENVER CHRISTKINDL MARKET

WHEN: Nov. 16–Dec. 23, 2018
WHERE: 1515 Arapahoe St.

The Christkindl Market includes vendors from Germany, Ukraine, Ireland and other countries — as well as local artisans — offering high-quality gifts, such as hand-carved wooden figurines, handmade candles and ornaments. Entry is free and the entire family is invited.

DOWNTOWN DENVER RINK AT SKYLINE PARK

WHEN: Nov. 20, 2018–Feb. 3, 2019
WHERE: Skyline Park, the corner of 16th and Arapahoe
Grab your family and friends and head to 16th and Arapahoe in downtown Denver to the Skyline Rink. Skate rentals are $2, or bring your own pair and take a spin on the ice for free! Free days for kids will take place throughout the season.

A HUDSON CHRISTMAS

WHEN: Nov. 23–24, Nov. 30–Dec. 2, Dec. 7–9, 14–24 and 26–31, 2018
WHERE: Hudson Gardens & Events Center
Bundle up for a visit with Santa at Hudson Gardens in Littleton. After sharing your list with Ol' Saint Nick, sip hot chocolate as you stroll the outdoor paths lined with trees decked with more than a million twinkling lights.

 

BLOSSOMS OF LIGHT

WHEN: Nov. 23, 2018–Jan. 1, 2019
WHERE: Denver Botanic Gardens

Embrace the holiday season at Blossoms of Light. The first night will display over one million colorful lights draped in elegant designs highlighting the Gardens' winter beauty.

SANTA ON THE SQUARE

WHEN: Nov. 23–25, Dec. 1–2, 8–9, 15–16, 22–24
WHERE: Larimer Square
It's the happiest season of all at Larimer Square, where historic charm meets holiday cheer. With festive dining options and boutiques filled with treasures for everyone on your 'Nice' list, Larimer Square help you celebrate in style.

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SANTA'S VILLAGE AT CHATFIELD FARMS

WHEN: Nov. 23–Dec. 23, 2018
WHERE: Chatfield Farms at the Denver Botanic Gardens

Bring the kids to meet Santa (and his reindeer), make crafts with Mrs. Claus and take a magical hayride under twinkling holiday lights at Santa's Village. Afterward, the whole family can shop for handcrafted gifts in Santa's workshop. 

ZOO LIGHTS

WHEN: Nov. 30, 2018–Jan. 6, 2019
WHERE: Denver Zoo

Zoo Lights will span 70 acres of Denver Zoo's campus with nightly entertainment, animal encounters, Santa meet-and-greets and, of course, illuminated animal sculptures that swing through trees, jump across lawns hide in bushes and appear in places where they’re least expected.

BLOCKBUSTER EVENT

  

 DIOR: FROM PARIS TO THE WORLD

WHEN: Nov. 19, 2018–Mar. 3, 2019 (closed Thanksgiving and Christmas days)
WHERE: Denver Art Museum 
See 150 couture dresses, accessories, drawings, photographs and videos that span 70 years of the House of Dior's enduring fashion legacy.

MINDBENDER MANSION

WHEN: July 20, 2018–Jan. 6, 2019 (closed Christmas Day)
WHERE: Denver Museum of Nature & Science
Gather hidden clues and secret passwords as you work your way through puzzles, brainteasers and interactive challenges of Mindbender Mansion, designed to put minds of all ages to the test.

STAMPEDE: ANIMALS IN ART

WHEN: Sept. 10, 2017–May 19, 2019 (closed Thanksgiving and Christmas days)
WHERE: Denver Art Museum 
Whether depicted as faithful companions or threatening adversaries, animals have been the subjects of human art for centuries. Stampede allows visitors to consider the roles animals play in our lives and in our art through more than 300 paintings, sculptures and more. 

REMBRANDT: PAINTER AS PRINTMAKER

WHEN: Sept. 16, 2018–Jan. 6, 2019 (closed Thanksgiving and Christmas days)
WHERE: Denver Art Museum 
Take a close look at Rembrandt's innovative approach to printmaking. The exhibit — which will only appear at Denver Art Museum — features more than 100 prints, drawings and paintings from the Dutch master's career.

 ¡CUBA!

WHEN: Oct. 26, 2018–Jan. 20, 2019 (closed Christmas Day)
WHERE: Denver Museum of Nature & Science
This lively experience — presented in English and Spanish — immerses you in the people, landscapes, flora, fauna and daily life of Cuba. Learn about Cuban art and artists, walk along a Cuban street and explore a coral reef diorama.

THE ART OF THE BOARD

WHEN: Nov. 17, 2018-March 31, 2019 (closed Thanksgiving, Christmas and New Year's days)
WHERE: History Colorado Center

Boarders and non-boarders alike will find inspiration in this look at the artistic side of snowboard design. Colorado artisans including Never Summer, Donek, Weston, Meier, and High Society will fill the History Colorado Center atrium with 26 Colorado-themed snowboards.

ZOOM IN: THE CENTENNIAL STATE IN 100 OBJECTS

WHEN: Nov. 21, 2017–Dec. 31, 2018 (closed Thanksgiving, Christmas and New Year's days)
WHERE: History Colorado Center

History Colorado created a brand-new space, the Tim Schultz Gallery, to house this 3,700-square-foot exhibit of 100 objects, each of which had a role in shaping the history and culture of Colorado.

 

Posted in Family First
Nov. 21, 2018

We are thankful for you.

Posted in Around the House
Oct. 22, 2018

20 Tips for Preparing Your House for Sale in Denver and surrounding areas in Colorado

Every seller wants her home to sell fast and bring top dollar. Does that sound good to you? Well, it's not luck that makes that happen. It's careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home.

PRINTABLE VERSION CLICK HERE

Posted in Seller Info
Oct. 16, 2018

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate in the Denver area?

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate? | MyKCM

In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:

  1. New listings jumped 8% year-over-year nationally, the largest increase since 2013
  2. Total listings in the 45 largest markets are now up 6% on average over last year

This increase in housing inventory has sparked two different reactions. Some are saying this is the first sign of a potential collapse while others are saying it is a welcomed reprieve from the lack of inventory that has stalled the market recently. As Zelman & Associates reported in a recent ‘Z Report’:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory, we expect significant debate whether this is a bullish or bearish sign.”

Is this a sign the market might crash?

There are those who look at the increase in inventory as a sign that we are returning to the market we saw last decade. However, a closer look shows that we are nowhere near the levels of inventory we reached before the crash in 2008.

A normal market would have about 6-months inventory, but the latest Existing Home Sales Report issued by the National Association of Realtors revealed that:

“Unsold inventory is at a 4.3-month supply at the current sales pace up from 4.1 months a year ago.”

A decade ago, prices began to rapidly depreciate in June 2007. At that time, we had a 9.1-month supply (more than double what it is today) and inventory kept rising until it hit a peak of 11.1 months in April of 2008.

With the current levels of buyer demand, any such increase in months supply is highly unlikely. As Danielle Hale, realtor.com’s Chief Economist explains:

 “After years of record-breaking inventory declines, September’s almost flat inventory signals a big change in the real estate market. Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize. But don’t expect the level to jump dramatically.

Plenty of buyers in the market are scooping up homes as soon as they’re listed, which will keep national increases relatively small for the time being.”

What will be the result of the increase in inventory?

The increase in inventory will allow many families who had been unable to find a home to finally become homeowners. Again, we quote from the ‘Z Report’:

“In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”

Bottom Line

If you are either a first-time or second-time buyer who has given up, let’s get together discuss the inventory available in our market.

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Oct. 15, 2018

Will Home Prices Continue to Increase in and around the Denver Area?

 

Will Home Prices Continue to Increase? | MyKCM

There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything greater than seven months will cause prices to depreciate (see chart below).

Will Home Prices Continue to Increase? | MyKCM

According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes for sale has been below six months for the last five years (see chart below).

Will Home Prices Continue to Increase? | MyKCM

Bottom Line

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

Posted in Buyer Info
Sept. 22, 2018

Relay for Life-Keenan For a Cure Back Yard BBQs

Wow, your generosity towards our Back Yard BBQ, benefiting the Relay for Life, helped our team, Keenan for a Cure, raise more than $4,000. The BBQ was a success as we accomplished and surpassed our goal of $2,500 this year. Yippie! And it was FUN! To all those who helped make our BBQ so successful, we thank you! We also want to thank everyone for all your support throughout this Relay from attending our fundraiser, donating not only money but your time and items for our auction and raffles, and for your encouragement as well. Our hope is that someday there will be a cure for cancer. Again, thanks to all of you for your support – get ready for next year – the bar has been set higher!

It’s not the years in your life that count. It’s the life in your years. Let’s fight for those who can’t fight anymore.
Link to donate. http://bit.ly/2Pcfy1Q

Sept. 17, 2018

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] In and around the Denver Area

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!

 

Aug. 21, 2018

How to Determine the Best Time to Sell Your House

How to Determine the Best Time to Sell Your House

 

Nobody ever said selling a home was easy, even in a state as amazing—and popular—as Colorado. Yes, the population is steadily growing, especially after gaining 77,049 new residents between 2016 and 2017, but that doesn’t mean you’re going to be able to sell your home quickly and for the highest value without a bit of strategy.

 

Obviously, a real estate agent will be your best bet when it comes to selling smartly, but you can do some planning on your own to ensure that the process goes smoothly and successfully. Today, we’re going to discuss how to determine the best time to sell your house.

 

Establish your priority

People sell houses for a variety of reasons. Some people need to because they’re relocating for a job, school, or something else. Others simply want to downsize or even upsize.

 

Because there are different reasons for selling a home, there are also different priorities based on people’s needs. With this in mind, two of the priorities we’re going to discuss are selling quickly and selling for the most money.

 

Selling quickly

If you’re in the boat of “I need to sell my house fast,” then it’s best to take a look at the market to see in which months houses remained on the market the shortest. While you may not have the opportunity to wait a whole year to list your home, you can do a bit of research to see in which upcoming months homes sell the fastest.

 

Let’s look at Denver for example. The best time to sell your house in Denver quickly is the month of June. In this month, houses sell about 9.5 days faster than the yearly average. It takes around two months to close on a house here, so plan on listing in April for the best outcome.

 

Selling for the most money

Not in any specific hurry to sell your house? In some months, depending on the area, houses can sell for thousands more. Plan on selling then.

 

In Denver, the best month to sell for more money is also June. Houses sell for about 4.83% more than the yearly average. Plan to list the house in April to take full advantage of this opportunity.

 

Take Away?

Every city is unique, and they’ll all have varying months when it’s the perfect time to sell. Also note that June was the “it” month for selling both quickly and for more money in Denver, but both priorities may not align in the same month for other cities.

 

Do your research as soon as you know that you’re going to sell your house. An experienced real estate agent who understands your local market will surely be able to help you navigate the planning process and figure out when the best time to sell will be.


The team at Keenan Real Estate has been assisting both buyers and sellers in Colorado for years. If you’re planning on selling, contact us soon. We’ll be happy to make the process as quick and successful as possible!

 

Posted in Seller Info
July 16, 2018

2 BACKYARDs BBQ to benifit RELAY for LIFE

Team Keenan For A Cure
Backyard BBQ of FUN and EVERYONE IS INVITED!!!

Eat (yummy food), Play Games (corn hole, bouncy house, more..), Dance(LIVE BAND), Drink( plenty of LIBATIONS) and more importantly,

RAISE MONEY and SPEND TIME WITH FRIENDs.

We typically have a fun patio get together with good friends and yummy food so we figured this year combine the two…what a better way to raise money, Right? This is going to be our ONLY fundraiser for RELAY FOR LIFE. We want to make it BIG, and SUPER FUN for the WHOLE Family.

We would love for you to come over and not only will it be FUN but you will leave knowing you had a part in raising money to help fight cancer.

Please call me with any questions 303-564-6988 and please help us get the word out!! We can't wait to see everyone!

If you can't make this event, we understand.  We do have a link if you would like to donate to relay for a cure.  CLICK HERE

 

May 16, 2018

Market Report May 2018

All in all, good numbers across the board with the same story line of low inventory and prices moving higher.  If you are curious of your home value find it here.  CLICK ON THIS LINK

CLICK ON THIS LINK FOR INDIVIDUAL City and County Market Trends Reports | MAY '18

CLICK HERE OR ON IMAGE FOR ENTIRE REPORT

 

 

Posted in Market Updates