Hello March!

The month of love has arrived, and with it comes a burst of energy that sweeps us off our feet. We're excited to dive into the enchanting world of February, exploring the many facets of love that extend far beyond romantic entanglements. In the realm of real estate, this month holds promises of new beginnings, fresh opportunities, and the potential for a real (estate) love story.

Real Estate in the News

Mortgage Rates Have Dropped Quickly: How Low Will They Go In 2024?

Homebuyers received an unexpected gift around the holidays as mortgage rates dropped rapidly late last year...the question on the minds of many aspiring homebuyers is just how low mortgage rates will drop this year.

Courtesy of Realtor.com

Our economy defied a recession last year with an unexpectedly strong 2.5% real GDP growth rate. According to GDP Now's latest estimate for 1Q24, this strong economic growth will continue. On February 1st they published an estimated GDP growth rate of 4.2%. This is up from just 3% on January 26th.

Denver's housing market kicked off in 2024 feeling just as good about things as the rest of the economy. Buyer demand picked up with mortgage purchase applications jumping 24%, while rates fell into a 5 week 6.6% mortgage rate lull. According to DMAR, pending listings rose 43% from December and 6.5% year-over-year. We are seeing 2024 start off with a strong 5% gain in median home prices from January of 2023 and just 3% from last month.

The most exciting news, in my opinion, is that we saw new listings jump 90% from December and a 15% jump from January of 2023. This is an indicator that sellers are no longer putting their lives on hold to keep their lower interest rate as everyone starts to settle into this new normal. What does this mean for you?  If you have been thinking about selling, now is the time to have us over to take a tour of your home and talk about the best next steps in the current market.  If you have been thinking about buying, please give us a call or text to the process started.

Market Stats

Local Happenings

recurring daily

Indigenous Arts of North America

The debut installation features more than 500 works by artists from across the continent, curated by the museum’s Native Arts department staff with guidance from the Museum’s Indigenous Community Advisory Committee.

Click HERE for more details!

Ends sunday february 25th

McGregor Skate Rink

Open Friday, Saturday and Sunday, McGregor Skate is the perfect winter activity for guests of all ages. With skates available on-site, the rink can be enjoyed by locals and travelers alike!

Click HERE for details!

recurring daily

Galentine's Day Itinerary

Whether it’s getting gifts, or getting your nails done, we know there are endless things to think about when preparing for Valentine’s Day festivities! Get everything you need right here in Cherry Creek North.

Click HERE for details!

february 22nd through 26th

Mile High Asian Food Week

Some of Denver’s best Asian restaurants ranging from Japanese to Korean and more will be participating in a pre-fix menu at a discounted price.

Click HERE for details!

february 17th through 25th

Cripple Creek Ice Fest

Each year, the Cripple Creek community transforms blocks of ice into enchanting ice sculptures on Bennett Avenue. Includes beautiful works like Under the Sea, Story Time, Mountain Wonderland, and even a Mythological Wonderland.

Click HERE for details!

Lifestyle Tips and Tricks

Real Estate and Design Trends to Watch in 2024

Staying abreast of what’s new and innovative in design and real estate is important, not to be trendy but to learn about innovative materials, systems and products to live more sustainably and benefit the planet.

Courtesy of the National Association of Realtors

20 Most Affordable Places to Live in the US

With the cost of living on the rise, many Americans are on the hunt for the cheapest places to live in the U.S. that still offer a high quality of life.

Courtesy of Forbes

5 Things You Need to Try at the New Aerie Lodge in Copper

Warm up, eat up, and drink up at this step-up from the traditional ski lodge.

Courtesy of 5280

16 Steps to Boost Your Home's Value

Hint hint: Updated kitchens, stone veneer exteriors, and converted attic bedrooms are money well spent.

Courtesy of HGTV

Foolproof Paint Colors that will Sell your Home

Selling a home with an electric, lime-green living room is going to be more difficult than you originally anticipated.

Courtesy of HGTV

Featured Listings

Recently Sold

Platt Park

1260 South Sherman Street

5 BD 5 BA 4166 SF $2,164,305

SOLD OFF MARKET!!!

Broadway

2501 South Cherokee Street

4 BD 4 BA 2841 SF $1,099,900

LoDo

1750 Wewatta Street, Unit 1701

2 BD 2 BA 1338 SF $950,000

Thanks for reading and subscribing! Ready to achieve your next real estate goal?

Abell to Sell

M: 720.883.5785

[email protected]