April 2023 Denver Porch Report

Warmer weather and more sunshine have arrived. Hopefully, you’re getting out and about more, perhaps hitting the trails or tackling yard projects. Need a hand? I’d be happy to connect you with a local professional. And if you or anyone you know has a big move in mind, I’m always available to guide you. Feel free to reach out anytime.

Despite a shift in the market and tempered expectations about what the busy season might look like this year, the Denver real estate market is looking pretty robust at the start of spring.

The median price for detached, single-family homes in March came in at $620,000 compared to $600K the prior month. Sellers are also receiving 99.8% of their asking price. Looking at attached properties, prices remained relatively flat, increasing by less than $1,000 month-over-month.

As for home inventory, there were 3,561 new listings that came on the Denver real estate market in March, a 47.6% increase over February yet 17.7% lower compared to March of 2022 and still not enough to keep up with current buyer demand.

It’s no secret that the price of groceries has gone up. In fact, according to the consumer price index, there’s been a 10.2% increase year-over-year.

So, if you’ve recently purchased a home and would like to start planting or simply want to spend less at the grocery store, here are a garden few basics to keep in mind:
• Amount of Sunlight
• Accessibility to Water
• Plant Hardiness Zone
• Quality Soil & Drainage
• What to Grow
• Required Maintenance

Homeowner association fees are a fact of life in some communities. These are fees that support the maintenance and upkeep of the community.

Condo and townhouse complexes are often governed by HOAs, but many neighborhoods of single-family homes have homeowner associations as well. The Foundation for Community Association Research estimates that 25 to 27 percent of all U.S. homes are now part of HOAs.

If you’re considering buying a home in an HOA community, you may wonder what HOA fees cover and if they’re worth it. The answer really comes down to this: whether you value the services and protections the HOA provides.