All Forum Posts by: Kenny Smith

Are people STILL moving to CO....?

I get this question a lot, are Californians still moving here?

Yes, and No.

Our net migration was only +5k from July 2023 to July 2024. As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.

Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.

To put it in perspective, we saw around +45k in the 2010's.

Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....

@Scott Trench - I couldn't agree more.  More open spaces around the city for people to get outside is never a bad thing.

🏡 HUGE Denver park makeover coming….👀

Park Hill golf course is no more - welcome Denver’s 4th largest public park coming summer of 2025 ☀️

This 155 acre plot of land will now be home to picnic tables, walking trails, and other temporary features 🥾

The biggest gripe I hear about buying in the city, is not enough accessibility to outdoor spaces, too clustered, etc. 🌳

Now, parks like this only further help develop the area. Park Hill has always been sought after, but this will only increase it’s desirability…..

🐂 EVENT of the month….🤠

It’s not too late! The national western stock show is going on now through 1/26 so you still have time 😅

Whether you go for the food, shopping, rodeo viewing, pony rides, dog shows, or the intense bull riding…there really is something for everyone. 🐮

Plus, I hear they have THE BEST Rocky Mountain oysters there…a must try 😋

🏡 Best month to sell in YOUR city in 2025....👀

Broken down by Denver metro cities, see which month YOUR city had the highest median home price in 2024....

✅ Denver - April - $610,200

✅ Westminster - April - $570,000

✅ Arvada - June - $655,000

✅ Thornton - June - $560,000

✅ Lakewood - June - $605,000

✅ Englewood - July - $600,000

✅ Morrison - June - $968,000

✅ Conifer - January - $872,500

✅ Evergreen - April - $1,200,000

✅ Golden - May - $1,025,000

✅ Littleton - April - $680,500

✅ Parker - July - $715,000

Certainly these months/time frames can change in 2025 depending on mortgage rates, inventory in your city, etc.

But, if all remained constant, this gives you a ballpark idea of time of year to net the most money. 💰

🏡 Deal of the month....👀

✅ 5022 Meade St, Denver

✅ 5 bed, 3 bath

✅ 2,304 sq ft

✅ Original list price of $895k now lowered to $650k

Ranch style in the Regis neighborhood. Only 20 minute walk, and less than 5 minute drive to the bars and restaurants of Tennyson St.🍻

Appears to be mostly renovated besides some items in the basement. 🧑‍🔧

Been on market 179 days and over $200k price drop! 🤑

These houses come on the market all the time - reach out if you have any questions....

🏡 2024 by the numbers….👀

2024 was only slightly better (by 100 closings) than 2023.Either way, this year and last year were the lowest homes sold since 2012 in Denver metro. 😳

This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.

My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

🏡 DEAL of the month….👀

Want to live in a NEW BUILD 5 minutes from Red Rocks? 🤔

✅ New build in 2024

✅ Offered at $849k

✅ 2,947 total sq ft

✅ 4 bed, 4 bath

New builds like this DON’T come up often in this area as it’s already been built out many years ago.

Enjoy the luxury of a new build in one of the most desirable neighborhoods in Denver metro.

Check out the full listing here: https://m.prspcts.co/9cQuwZFBgAbuMGmb7

🏡 We saw the number of active listings at 8,875 houses still on market to end the month, vs. 10,934 at the end of October (see chart above). 📉

Yes, expired listings (listings that expired out of the MLS), were still quite high this month which can affect this number, but....

What about pending (under contract in the MLS) homes this month? 🤔

We were up 21% for pending homes vs November of 2023. In fact, this was the most home pendings we saw in November since 2021. 👀

I expect to see a strong January if this trend continues....📈

🏠 2 MUST adds to your home inspection....🧐

Finally under contract on your dream home, yes! Next step - DON’T overlook key inspection items: sewer scope and radon testing.

✅ Radon is a radioactive gas that is released from granite into the soil that is known to cause cancer, and can leach right into your home.

✅ Any home built before 1980, likely has cast iron or clay sewer lines which will deteriorate over time.

These issues can be avoided. On top of your general inspection, this will be the best few hundred dollars you will spend when buying your home....💰

PS - wishing you all a VERY happy thanksgiving. So grateful for all my past clients, future ones, and for those just reading my emails. Truly appreciate all of you....🍗🙏