“You are never too old to set another goal or to dream a new dream.” — C.S. Lewis
Read on for homeowner seasonal tips you should consider and discover lifestyle tips curated just for you!
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Here's where Denver ranks among 2022's forecasted hottest housing markets
The Denver metro comes in at number 48 out of the nation's top 100 metros in terms of the predicted change in price and number of sales for next year – that's an 11% total increase, 6% for number of sales and 5% for home prices.
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December 2021 ended with a mere 1,477 homes available for sale across all 11 counties, a 41.87 percent decrease from last year. 2,652 new homes came onto the market and 3,321 went under contract (i.e. coming off the market because they found a buyer) (DMAR).
And 2021 was a crazy year all around: more homes sold in 2021 compared to any other year on record and the median home price went up by a stunning 19.78 percent. We also ended the year with the lowest inventory on record.
The average sale price of a single-family home in metro Denver came in at $705,753 an increase of $95,289 from the same period a year ago.
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Homes appreciated 19.78 percent in 2021 compared to 2020 (median sale price).
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Based on the sustained demand for housing and lack of inventory, it is likely to see double digit appreciation this year.
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Since 1991, Denver Metro area homes have appreciated about 7.5 percent per year
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Approximately 991 homes were destroyed in the Marshall and Middle Fork fires. Officials continue to assess the full extent of the damage but have said there were 1,778 homes within the burn area with a total vale of $825 million.
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The closed dollar volume for 2021 was $38.9 Billion for the metro area. This broke 2020's record of $33.2 Billion.
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A quick look at what happened in December
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Denver metro's active listings available at the end of the month declined by -34.3% over last year.
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The December median sale price was $545,00 up 19.78% from last year.
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The average home spent 18 days on the market during December, 6 fewer days than the same time last year.
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The average price of a single-family detached home is currently $705,753 an increase of $95,289 from the same period a year ago.
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National Western Stock Show | National Western Complex | Jan 8th - Jan 23rd
During the month-long event, cowboys and cowgirls from across the West and beyond pour into Denver to compete in rodeos, equestrian events, stock shows, BBQ competitions, and more. It’s like the grandest county fair on earth, and there’s something for everyone.
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Winter Brew Fest | Mile High Station | Jan 22nd | 1PM - 10PM
Taste from a selection of 80+ beers, seltzers, ciders, etc. from a variety of breweries at the annual Winter Brew Festival in Denver! This festive event takes place indoors & outdoors (inside a tent) at the Mile High Station spreading out into the parking lot where there will be live music and food trucks.
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Pantone Color of the Year
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Since 2007 Pantone has been releasing their color of the year and 2022 is no exception! Pantone recently announced the color, Very Peri, as the color of 2022.
Very Peri is a vibrant shade of periwinkle blue with violet-red undertones that was created as a brand-new color rather than selecting one from the company's existing array of hues. This break from the tradition was made to reflect the transformative times we currently live in.
Very Peri helps us to embrace this altered landscape of possibilities, opening us up to a new vision as we rewrite our lives. Rekindling gratitude for some of the qualities that blue represents complemented by a new perspective that resonates today.
Click here for Very Peri Design Inspiration
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5 Colorado Parks That Are Even Better in Winter
Attendance may dwindle during the offseason, but when the snow flies, these city, state, and national parks become ripe for new adventures.
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Heating Costs Are Expected to Soar in Colorado This Winter
Hate to break it to you, but your heating bill is going to be higher than usual this winter. A lot higher.
Xcel Energy, one of two investor-owned electric utilities in the state and the main provider in the Denver metro area, predicts their Colorado customers will see an average increase of $28 on their monthly natural gas bill this winter compared to last winter.
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Organization Tips for Every Room in Your Home
Organizing your home doesn't have to happen all at once. Go room by room with these practical storage solutions and decluttering ideas for kitchens, bathrooms, living areas, and more.
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I appreciate being your go-to resource for all things Real Estate. Please don't hesitate to reach out to me at any time if I can assist with any help you may need. Feel free to pass my information along to anyone in need of a dedicated Real Estate Agent; all referrals are greatly appreciated.
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Denver Locating is a FREE apartment finding service focused on saving you time and money.
Get started today by clicking here or contacting us directly at (815) 608-7482.
We look forward to helping you find your new home! Learn more.
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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