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DENVER REAL ESTATE

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At Home With Abell To Sell | Volume 2 | Series 1

At Home with Abell To Sell | Vol. 2 Series 1 | Compass Denver
Happy January!
Cheers to 2023! A new year is a new opportunity, full of possibility, hope, and potential. Wishing you a great start to 2023, and health and happiness all year long.

Read on for seasonal tips, stats, and discover lifestyle trends to kick off 2023.
Real Estate in the News
Buyers return to the market
Buyers returned to the market with an increase in showing activity of 80.7% over the last week of December. Over 11,000 Total showings were set as the New Year kicked off in 2023. While market showings are not what they were 1 year ago, being down by 51.2%, the buzz in the market is positive for a spring pick up. I expect showings to increase steadily week over week through spring. With 80.7% more showings, we also saw a nice bump in pending transactions up 61.9% week over week with 685 units going under contract this year. Now what's interesting is that buyers are being more discerning about putting a property under contract and looking at an average of 16 homes before putting a property under contract. Buyers want turn-key homes that show well, are priced right, staged, with great photography and the ability to either negotiate a rate buy down and/or have seller concessions to cover closing costs.
A quick word from Annie Clougherty of Compass Orange County on build-to-rent communities.  We would love to hear what your thoughts are on this topic as well.
JP Morgan's $1 Billion Dollar Investment
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There are various versions of the article, but Bloomberg summarizes it as follows: ⠀

JPMorgan Chase & Co.’s asset-management arm entered into a deal to acquire more than $1 billion of single-family rentals, a sign that choppy markets haven’t scared investors away from suburban housing. Institutional investors advised by the bank formed a joint venture with Haven Realty Capital to buy and develop entire communities of new homes. ⠀

In 2020, JPMorgan teamed up with American Homes 4 Rent to acquire build-to-rent communities on behalf of investors. Haven’s portfolio already includes 3,500 homes in various stages of completion through joint ventures with other partners.

Single-family rentals gained favor early in the pandemic as property funds sought to capitalize on the heated demand for suburban living. Buying or developing whole communities — a strategy known as build-to-rent — was especially appealing, partly because the projects were seen as easier to manage than a portfolio of houses scattered across a metropolitan area. But appetite cooled this year when rising borrowing costs and softening rents made investors more cautious.

Purchases slowed, even as landlords predicted that the housing slowdown would eventually provide good chances to buy at discounts. “I don’t think anything has changed fundamentally in terms of long-term demand for this product,” said Sudha Reddy, Haven’s founder. “We want to be delivering new housing stock and we want to own these assets.” Let us know your thoughts……
Market Stats
Local Happenings
Jan. 1 - Jan. 29
Skating in the Square
Nothing is more fun than a twirl around a skating rink under the twinkling lights! Head to Olde Town to take your turn! Don’t miss the Holiday Bar in the Square (open Thursday - Sunday) to enjoy a snack or a drink.

Every Wed. - Fri. & Sun.
4:30 PM - 6:30 pm
Cocktails + Tastes Tour
Visit some of the best cocktail bars in Denver on this roving adventure through the heart of downtown.

Visit three of the best cocktail bars and restaurants in the city and sample four cocktails paired with small plates at each stop.

Food Tours
Jan. 27th, 28th, & 29th
The Wizard of Oz
Danse Etoile Ballet presents The Wizard of Oz January 27th through January 29th at the Broomfield Auditorium. This family-friendly ballet retells L. Frank Baum's classic story with all new choreography by Marie-Jose Payannet, following Dorothy and the loveable characters of Oz along the yellow brick road to the Emerald City.

Lifestyle Tips and Tricks
10 Winter Flower Arrangements to Brighten Up the Season
Holiday wreaths and trees may have come down, but you can still keep your home full of florals. Surround yourself with texture, color, and aroma all winter long with easy table top and front door flower ideas.
Ride the Colorado Rails this Winter
If you’re looking for a truly magical winter experience in Colorado, nothing beats riding a train through one of the state’s gorgeous snowy landscapes. These are some of the Rockies’ best train rides to take during the wintertime.
Hop on the Colorado Historic Hot Springs Loop and Soak, Relax, Repeat
While Colorado is often associated with mountains, snow and skiing, it also has a lot of hot springs. In fact, “hot springs in Colorado” is one of the most frequently googled phrases. Whether a potential soaker is looking for a family-friendly vacation, a friends’ getaway or a romantic respite, the Colorado Historic Hot Springs Loop covers it all.
The 30 Must-Read Books This Winter
Start the new year off with a full bookshelf! 2023 has a lot of promising new titles that are sure to keep you turning pages all winter long. Browse the collection of thrillers, romance, short stories, biographies, memoirs, and more!
Featured Active, Under Contracts & Sold ATS Homes
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Columbine Valley
5 Fairway Lane
5 BD 4 BA 3888 SF $1,675,000
South Park Hill
2055 Forest Street
5 BD 5 BA 5313 SF $1,995,000
Ketring Park
5785 South Elati Street
4 BD 2 BA 2132 SF $719,000
Platt Park
2071 South Emerson Street
3 BD 3 BA 2181 SF $1,200,000
Commerce City
10047 Crystal Circle
3 BD 3 BA 1922 SF $487,500
Westridge
533 Red Thistle Drive
4 BD 5 BA 4092 SF $950,000
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Abell to Sell

M: 720.883.5785
Compass is a licensed real estate broker. All material is intended for informational purposes only and 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 the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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