All Forum Posts by: Kenny Smith

🕰️ For over 33 years now, Jazz in the park has become such an iconic Denver staple. 🎶

There aren't many things free these days, but every Sunday in June, July, and part of August, from 6pm-8pm, you can enjoy FREE outdoor Jazz music in Denver's City Park. 🌄

With everything from food trucks, to vendors, to soothing jazz, to thousands of Denverite's, this event is a must do this summer. 🌮

Another reason why City Park and the surrounding real estate will ALWAYS be so desirable as long as events like this, amenities, and city funding continue. 💰

Full website below....

https://cityparkjazz.org/

🏡 April '25 - the market remains the same....🔑

✅ Total Actives - 11,344, UP 51% year over year
✅ New Listings - 6,748, UP 17% year over year
✅ Pendings - 4,211, UP 4% year over year
✅ Median Days on Market - 12, UP 50% year over year
✅ Median Home Price - $600,000, FLAT year over year

Actives still leads the way with the biggest stat change this past month and year. 📈

Pendings are essentially flat, which with the substantially increased inventory YOY, and if pendings stay on pace with what they are, inventory will continue to rise quickly. 🚨

Median days on market is starting to creep up YOY, which tells me buyers have more options and are taking their time - not feeling rushed. #️⃣

Median Home Price is still flat YOY for the second straight month. 🏷️

If all stats remain constant over the coming months, we are slowly heading into more of a balanced market instead of a seller's market giving buyers more and more opportunity, and putting more pressure on sellers to price homes appropriately given the market climate. 😮

🏡 Ball Arena redevelopment is here….🏗️🚧

✅ Kroenke Sports & Entertainment has filed concept plans for the first vertical development tied to the 55-acre Ball Arena master plan.

✅ The Phase 1A site includes four new buildings: a performance venue, a hotel, and two residential towers; each connected by a shared second-level promenade.

✅ A single underground parking garage will support residential, retail, hotel, and entertainment uses throughout the block.

Plans are now under review with the City of Denver. 🌆

Investors wouldn’t be continuing to dump money into projects like this if they weren’t bullish on Denver and its real estate and development over the long term....exciting stuff! 😀💰

💲Tariffs and Denver housing market....🏡

Normally I stay out of national headlines, and only focus on local housing data/updates/etc.

However, the reciprocal tariffs, the elephant in the room, have to be discussed. 🐘

There is much uncertainty across the board. Uncertainty breeds fear, which keeps people on the sidelines, especially when buying.

ADVICE: instead of going down a rabbit hole of what if scenarios, now more than ever, speak to a local expert that tracks daily numbers, sees local trends, and that can put together a game plan on whatever your buying or selling goal is and how to navigate these waters. 🫡

With all of that said, I smell opportunity for investors....

🏡 (Not pictured), but there is a graph that shows the ratio of median home price vs median household income throughout the US - dividing home price by income. 🏷️

Colorado came in at #9 of worst income to housing price ratios in the country. 😳

✅ Colorado does have an 18% higher median income than the US, but the 35% higher median home price vs the rest of the US keeps it as one of the most unaffordable.

Income levels simply can't be pushed up at the same rate as we saw housing rise in the 2010's/COVID years, which puts pressure on the folks that have been here for decades....🧐

With all of that said, I am a 4 time property owner here in CO, and am still high on real estate here for the long haul....

🏡 DEAL of the month….👀

The new build community, Harmony at Solstice by Shea Homes, may just be my new favorite community.

✅ Single Family Homes starting at $688,990

✅ Backs up to Chatfield State Park

✅ Private neighborhood, NO more building North, East, or West

✅ Steps away from hiking trails, golf, the water, etc

✅ Easy access to 285 and the mountains

✅ Classic Farmhouse style

This community currently has 35 homes available as of now, 13 move in ready, 4 now building, and 18 ready to build. 🏠👷‍♂️

See website below, and let me know if you’d like more info!

https://www.sheahomes.com/.../littleton/harmony-at-solstice

🏡 Here is a breakdown of how March ‘25 shaked out in Denver metro....

✅ Total Actives - 9,432, UP 48% year over year

✅ New Listings - 6,094, UP 26% year over year

✅ Pendings - 4,479, UP 11% year over year

✅ Median Days on Market - 18, UP 63% year over year

✅ Median Home Price - $587,850, FLAT year over year

Eye opening stats when you compare this month/quarter to last year at this time 👀

Actives are up a tremendous amount YOY, which gives buyers a lot of options compared to last year.

Yes, pendings are up slightly (likely more buyers in the market), but not as much to make a big impact in the market especially given how many active homes are for sale.

Median days on market are up quite a bit YOY which tells me buyers are really taking their time compared to last year.

Lastly, median home price is flat which also tells me buyers are only going after the homes in which they can get the best deal, and they certainly have that luxury given the amount of active homes for sale....💰

Hey all!

Anyone have a good deck contractor they'd recommend for a reasonable price here in Denver?

Thank you.

🏡 There are deals to be had….

I was able to close houses for two of my clients the last two weeks. 🎊

The first was an off market single family home I found through networking with other agents. A non-conforming triplex where the buyer will live in the attached ADU and rent out the main portion of the house. 👀

The second was a flip. They dropped the price $30k just to get out from underneath it, and we came in quick and offered a price significantly lower than the comps were telling us.💰

Although the median home price has still gone up YOY, you just need to find the motivated sellers in this market.

The next couple of months could be a small window to find your deal before rates drop more, and the market really opens up. 📉

🏡 Glendale is seeing a HUGE upgrade with the new entertainment area, 4 Mile District, located on Colorado Blvd and Virginia Ave. 👀

10 years in the making and they are finally breaking ground. Everything from a new Alamo Drafthouse to retail, hotels, bars, and restaurants. 🏨🧑‍🍳

And, one of the first of it’s kind here in CO - NO open container laws (common consumption area), and bars and restaurants open until 4am, WOW. 🍸🍹

Expected opening of late 2026 or early 2027.

This paired with the very popular 9th and Colorado continues to shape this area and neighborhoods as a real estate destination that will see housing continue to go up....⬆️ 💰