August 2022 Real Estate Snapshot

The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing interest rates, may create opportunity for those who previously felt burned out on the process.

One of the primary indicators of a shifted market is the close-price-to-list-price ratio, which was down to 100.81 percent. Buyers have become more specific about what they are looking for and frequently question if, and how much, below the asking price they can offer. Gone are the days that a seller can simply put a sign in the yard and expect their home to sell.

Every indicator points to the market shifting closer to a buyer’s market. The month-end active listings increased 21.53 percent last month. Pending and closed deals decreased and days in the MLS increased by exactly 30 percent. However, the market is still far from what many experts would consider a buyer’s market. There are over 2,000 fewer properties on the market today than there were three years ago and, during the last three years, the amount of standing inventory peaked in June and July, which was abnormal. Historically, the market doesn’t peak until August or September.

**Data Source ReColorado

Why Denver is the Perfect Place for Young Entrepreneurs

If I were to tell you that Denver ranks pretty high in the country for places that young entrepreneurs are moving to, would that surprise you? Probably not because we all know that Denver is one of the fastest growing cities in the United States and with our outdoor playground in our backyard, the work/life balance here attracts hard workers from all areas. Recently, Denver was ranked 9th in the nation of best cities for young entrepreneurs based on the four criteria of young adult influence, educational attainment, population growth and tax environment by MoneyRates.com.

 

The rate at which this city is growing will not slow down anytime soon and the types of jobs that the city has to offer is bringing more and more talent to Colorado. Young entrepreneurs see Denver as a place to set up shop because they don’t have the excessive cost of living, a great pick of potential workers and they get to live in one of the most beautiful states in the country. Also the location of Denver is idea for work, it is not too long of a flight from California or the Midwest (New York is always a bit of a long flight but hey, for the view of the Rocky Mountains I think many people will take the three + hour flight).

 

When many of these young entrepreneurs come to Denver they are looking for a place to set up shop or even a place they can use as a live/work space. One thing I would recommend is to look into the extensive selection of lofts this city has to offer that are ideal as live/work spaces. Since 2005, I have been specializing in lofts, specifically those in the downtown area, and my website AllDenverLofts.com is a great place to start looking for any young entrepreneur looking to move to Denver. Not only will you have a spot to work and live, but you will also own property here in Denver that is always a great investment. I constantly tell my clients that the greatest investment anyone can make for themselves in Denver right now is in real estate and the facts and numbers that recent studies have shown continue to prove that point.

 

If you are an entrepreneur looking to move to the Denver area sometime soon or anytime in the future, give me a call or email today and let’s set up a time to chat about the choices you have when it comes to looking for the perfect life/work space for your business.

Live/work Loft At The Bolt Factory - Listed By: Phillip Svabodo, Blue Shift Real Estate  $5000/MO8/26/16

Live/work Loft At The Bolt Factory - Listed By: Phillip Svabodo, Blue Shift Real Estate  $5000/MO

8/26/16

Why Being Social Is Essential In Any Business

When talking about social media, many people think of it as a fun thing they do during the day when they have a few down minutes. Social platforms are seen as a place to keep pictures and look up old friends, to write about opinions and to share memories. But there is a whole other side to social media that I, as a business owner, have come know quite well. No matter how hard many business owners’ try to fight it, our country is an ever-growing social media network with new ways to connect and market coming out daily. It is important as a person in business that I figure out the best way to use social media to further my work connections, to advertise my properties and to market myself as a real estate agent and business owner. While I do believe in the older way of marketing, going out and meeting people and handing out my card, there is just not enough hours in the day. Having social platforms that I can post on helps me connect with a wider audience while allowing more relationships to begin via the Internet. Below I have compiled a list of the benefits to having different social media platforms for your company:

Finding New Customers/New Customers Finding You – Whatever product your are buying/selling, there is always a market out there and the more you are out there on social media marketing yourself, the more likely people will find you. With things like Facebook, you can join groups that specifically go with your company and from there, new customers can find you. Or on a platform like Twitter, finding what you want is only a “@” sign away.

Seeing Your Target Market Personally – With access to your customer base at your fingertips on social media, you will get to know them better which in turn will help you market your company/product better.

Keeps You in the Now – A lot of business owners think they have missed the train when it comes to social media and are not sure why they should start now. Well, I can tell you this, it is never too late to start! Even if you are just putting your business on the social media map, you will be surprised just how quickly being in the public eye will increase your sales. Also, it is more than likely that your competition is on social media already and therefore already a step ahead of you. We both know that being one step behind is never the best place to be so take the step and get your social media started today!

It Is Free – I could repeat this one a few times because let me tell you, marketing isn’t cheap, but social media is free, period. Use that to your advantage! Get out there and figure out what social platforms are best for your brand and then use those as guides to market your company. If you are a company such as a real estate agent, using Instagram to post pictures of upcoming listings or great house fixer-upper ideas would benefit not just you, but your clientele, and possibly future clients as well.

Take the time today and sit down to experiment with different social media platforms to figure out which one best fits your business. If they appear intimidating, there are plenty of social media experts out there who would be willing to sit down and go over each essential element to each platform and help you decide which platform makes the most sense for your company.

Just remember, it is essential to be social in today’s business world, find the best platforms for you and your company and watch your business grow!

Keep Yourself Cool This Summer

Well, summer weather is officially upon and minus the crazy days of hail and dramatic thunderstorms, the sun and warm times have found their way to Denver and I would say, bring on the summer fun! As you and the family get ready to enjoy this warm weather, I would remind you to take precautions when being out in the sun for long periods of time and have compiled a list of ways to stay hydrated whether you are enjoying a Rockies baseball game or a day of exploring in the mountains, we live in one dry climate and on top of the heat, it’s important to keep yourself hydrated!

  • Who says that you have to drink your hydration? A summer favorite fruit, watermelon, is one of the best thirst quenchers in the book. The fruit is made up of 92% water mixed with salt, calcium and a bit of magnesium making this ideal for rehydration. Also if you are more of the veggie type, celery is a good choice because the stalks are 95% water and its packed full of fiber and minerals.
  • Sometimes we just don’t want to drink water, understandable, so throw in a few other beverages such as milk (studies show it is better than both water and sports drinks for rehydration and recovery after exercise). Smoothies are both refreshing and nutritionally packed, a bonus!
  • Drink water until you feel like a fish, not really, but as humans we need a lot of water on the daily and many of us barely get even close to the right amount. For women, it’s around 11 cups a day and for men it’s around 15 cups a day but remember, that includes 20% from food intake.
  • We all love a good cocktail on a sunny patio somewhere in Denver, who doesn’t? But be careful while consuming alcoholic beverages which lead to additional fluid loss. For every alcoholic beverage you consume, make sure to have one non-alcoholic beverage, and always drink in moderation.

Besides staying hydrated it is also important to stay cool and below are a few great pools to head to with the family:

  • Denver Parks and Recreation has 13 indoor pools and 16 outdoor pools, because summer is when outdoor opens, make sure to take advantage of the ones listed:
    • Outdoor: Aztlan , Green Valley Ranch, Barnum Park, Harvey Park, Berkeley Park, Harvard Gulch, Congress Park, La Alma/Lincoln, Cook Park, Mestizo-Curtis Park, Eisenhower, Ruby Hill, Garfield Park, Southwest, Globeville Argo, Swansea

Maybe you would like to have the comfort of a pool in your own backyard? If that is the case and you are thinking it may be time to look for a new house with such pool, give me a call today and let’s grab some hydrating drinks and discuss what exactly you are looking for.

Photo by ivanastar/iStock / Getty Images

Photo by ivanastar/iStock / Getty Images