October 2023 Denver Porch Report

October 2023 Denver Porch Report

  • Dina Piterniece
  • 10/30/23
HELLO!
There’s a chill in the air, and the holidays will be here before you know it. Along with this change in seasons, the real estate market is likely to cool even further, presenting both opportunities and challenges for buyers and sellers alike. So, if you or anyone you know is thinking about making a big move, feel free to reach out to talk next steps. It would also be great to catch up with you!
A LOOK AT THE MARKET1010.png
While there was a bump in activity after Labor Day, the number of pending and closed homes decreased month-over-month while active listings (homes still for sale) at the end of the month increased by 9.4%. Taking a look at detached, single-family homes, here's the breakdown.

There were 7.8% fewer new listings in September compared to the prior month and 15.8% fewer listings compared to the same month in 2022. Typically, low inventory leads to increased buyer competition and a jump in prices.

However, pending sales were down month-over-month and year-over-year. Closed sales were also down 19.2% compared to August and a whopping 28.2% compared to 2022. Accordingly, the median home price decreased from $649,935 in August to $640,000 in September.

CLICK HERE to learn more or reach out to discuss your real estate needs.
MUST-TRY FALL & WINTER
ADVENTURES IN COLORADO
1010.png
If you’re not big on pumpkin patches or hitting the slopes, Colorado offers tons of events, places to explore, ciders to drink, and outdoor adventures to embark on throughout the fall and winter.

In the spirit of Halloween, get your scare on at The 13th Floor Haunted House, join the LoDo Zombie Crawl, or immerse yourself in the Oddities & Curiosities experience at Reynard Social.

Love crisp apples in the fall? Head to Adam’s Apple Orchard and Country Store in Ault or Ya Ya Farm and Orchard in Longmont for u-pick and farm festivities. You can also enjoy cider sipping at local spots like Stem Ciders in Lafayette or the Old Mine Cider Company in Erie.

And once winter rolls around, alternatives to strapping on a snowboard include dog sledding, snowshoeing, ice fishing, sleigh rides, and so much more! 

CLICK HERE for more info on all of these adventures and even more ideas!
SEPARATING MYTH FROM FACT
IN THE RENOVATION HOME LOAN PROCESS
1010.png
So you’ve found a home that checks almost all of your boxes. Great location. It’s in your price range. Nice yard. Great bones, as they say. But there’s one thing, or just a couple parts of the home, that aren’t quite perfect, and you’re just about to cross that address off your search list.

Maybe the bathrooms haven’t been updated to your liking. Maybe it’s the kitchen. Maybe you thought the place was perfect until your inspector uncovered some potential issues with the roof.

Before you automatically disqualify a home from your search, you should consider a renovation home loan! Renovation loans allow you to roll the cost of eligible repairs and improvement projects into your home loan, which can save you both time and money.    

CLICK HERE to learn more about renovation loans & myths about securing one.
IN COLLABORATION WITH
NMLS ID #2289
PORCHLIGHT FEATURED LISTINGS
brenda-godinez-_650.jpg
$1,750,000
201 S Olive Street
Denver, CO
brenda-godinez-_650.jpg
$769,900
3863 Allison Circle
Wheat Ridge, CO
brenda-godinez-_650.jpg
$330,000
5755 N Genoa Way, #14-101
Aurora, CO
NEIGHBORHOOD SPOTLIGHT
Don’t miss the year's best in cinema, plus creative conversations with award-winning filmmakers, and a curated event line-up. It’s a 10-day cinematic extravaganza!
November 3-12: Various Events & Times
brenda-godinez-_650.jpg
One of the Denver Botanic Gardens’ signature events, this dazzling and ever-changing display of light and color is the perfect way to celebrate the holiday season.
Opens November 17
brenda-godinez-_650.jpg
Presented by the Colorado Ballet, this fan-favorite returns with a brilliant production, including custom-made sets and costumes, plus world-class performances.
November 25-December 24: Various Shows & Times
jamiria.png
Dina Piterniece
Broker Associate
720.317.3649
 | 
[email protected]
fb.pngfb.pngfb.png

Work With Dina

While Denver market continues to be one of the most competitive markets, Dina will guide you through each step with the highest level of expertise and service with integrity. Her dedication to go above and beyond delivers the best results.

Follow Dina on Instagram