August 2022 Market Update
In what felt like a blink of an eye, we find ourselves on the fall side of summer. As with many Augusts, we saw a seasonal shift in the Denver Metro market in addition to rising interest rates. Inventory is
July 2022 Market Update
It is important to differentiate between a recession and a slow down in the real estate market. While inventory is up 21.5% from June and 81% from July 2021. Active listings are still 21% lower than in 2019. Interestingly enough
Generator Development Update Summer 2022
The development team at Generator has had a busy summer. One of the huge benefits of being a small but powerful team like Generator is that we can play many different roles in a development opportunity. There have been many
Classic Denver Home Styles
Look out your window just about anywhere in Denver and you’ll see signs of new construction; cranes, fencing, and dumpsters are dotting the skylines and city streets. This makes now a great time to reflect on the classic architectural styles
June 2022 Market Update
June brought what we’ve all been waiting for, inventory. Active inventory ticked over 6,000 units and for the first time since June of 2020, there is more than one month’s inventory available. Denver is still a ways off from being
Market Update May 2022
May in the Denver market brought an increase of average days on market, a slight dip in average closed price, and a jump of almost 14% in inventory. While these are all signs of the market moving toward becoming more
Downtown Denver Development Update
Denver is a constantly evolving city, but after construction slowed in 2020, we got used to seeing far fewer cranes as part of the Denver skyline. These days, the tide seems to be changing. Upper Downtown, an area that has
April 2022 Market Update
Spring is in full swing in Denver and while April saw a 44.26% uptick in inventory, it was quickly snapped up by eager Denver buyers. The average property was on the market for just 8 days in April. 6,881 new
March 2022 Market Update
While March finally saw an uptick in inventory, continued demand has finally pushed average home prices over $700,000 to $705,812 in the Denver Metro area. Month-end inventory was up 81%. This number sounds impressive, but resulted in only 995 more
Popup Denver: Reactivating the 16th Street Mall
This week, Denver Mayor, Michael Hancock announced the first 5 entrepreneurs taking part in the Popup Denver Program. The Popup Denver program is the result of a partnership with the Economic Development & Opportunity office and the Downtown Denver Partnership. When
February 2022 Market Update
As we look back at the statistics for February, inventory and demand continue to plague buyers in the Denver market. To give a better picture of the inventory situation, consider that the record-high for February was in 2006 with 25,484,
January 2022 Market Update
After a lull over the holiday season, the Denver housing market generally sees about a 70 percent increase in new inventory in January. This January the Denver market only saw a 31 percent increase. While these numbers can be attributed
Where are 2022 Interest Rates Headed?
As 2022 kicks off with record-low inventory and increasing interest rates, we reached out to Erik Henderson, a Branch Manager and Loan Officer at Northpoint Bank, to get some insight on where he sees rates headed this year and what
River North Development 2022
After the dramatic halt in construction in the spring of 2020 and the ongoing supply chain delays in 2021, Denver builders seem to be at work again. One area of town that is seeing lots of love from developers is
December 2021 Market Update
As we look back on the final numbers for December and reflect on 2021 as a whole, a few trends stick out. 2021 was a strong seller’s market. This was due in part to record-low inventory levels combined with a
November 2021 Market Update
The snow is finally falling, but the real estate market in Denver hasn’t quite cooled down yet. Buyers are looking to find homes while interest rates are still low, so sellers are still seeing multiple offer situations and record-high sales
October Market Update
While no all-time records were broken this October, just about every October record was broken. This October featured the least amount of listings, the highest average close price, and the lowest days on the market of any October on record.
What Happened with Zillow? A Realtor’s Perspective
It all started with the Zestimate. Launched in 2006, Zillow created an algorithm that they believed accurately predicted a home’s value based on comparable neighborhood sales. In the next few years, millions of people used Zillow as a resource for
September 2021 Market Update
As the fall chill blew through Denver this September, it did nothing to cool down the market. After the inventory lull in August, the moderate increase in September inventory felt significant and gave buyers more options. The number of closed
Fast Facts About ADUs
As Denver grows, density becomes more and more important. One way to add density is the addition of ADUs or accessory dwelling units. An ADU can take shape as a finished walk-out basement, a granny flat, or a carriage house.
August 2021 Market Update
Seasonality is always a factor in the real estate market. This transition season between summer and fall, had a lot of buyers sitting August out. Many Denverites took advantage of a final summer vacation and almost all school-aged kids prepared
Fall 2021 Generator Development Update
In the last few years, Generator Development grew Little Man Ice Cream from their single LoHi location to 6 additional ice cream emporiums. Since then the team has been a little quiet, so it must be time for an update.
July Market Update
At first glance, the July numbers suggest a cooling market, but in a broader context, buyer competition doesn’t look to be letting up quite yet. Inventory ticked up this month, but it was still the lowest inventory for July on
June Market Update
We generally see the peak of the busy season in June. 2021 was no different. Denver saw record-breaking stats for the number of closings, average close price, and new listings. The June inventory increased 50.46% over last month. For reference,
May Market Update
As spring turns to summer, the real estate market in Denver continues to be competitive for buyers. This year, for the first time in 13 years, the inventory at the end of May was actually less than the beginning of