It was a crazy summer, but the season is winding down as winter sets in. Madison president, Justin Knoll, recaps the quarter below. You can read the full report here.
“The beginning of fall typically ushers in two things – the Rockies being officially eliminated from post-season play, and the number of homes sold in the Denver real estate market tapering off after a blistering hot summer. Having said that, the Denver Metro Association of REALTORS® (DMAR),’The Voice of Real Estate® in Denver Metro,’ believes this fall could still shape up to be the hottest home market in the last decade. Why? Even though September produced a seasonal slowdown, indicators point to above-normal numbers of active listings. Also, many homebuyers are anxious to get locked into a low-interest home mortgage loan before the Feds likely propose an interest rate increase at the end of the year.” – Anthony Rael, Chairman of the DMAR Market Trends Committee
We are so excited to move into our new office in RiNo. In one of Denver’s vibrant places, this new office embodies our Madison culture. Sharing the block with Central Market, a new one-of-a-kind open-market in the heart of Denver, and surrounded by restaurants, coffee, shops, and bars, we can’t wait to office out of this incredible space. Riverfront North Art District is home to Denver’s spectacular art scene, and we were honored to have our new building be one of the spaces adorned with the city’s finest street art. The new office fosters community and collaboration, with open space and glass walls between offices. An incredible view of the city can be seen from the patio. We can’t wait for this new development in Madison’s business. Come stop by, say hello, see the views, grab a bite at Central Market, and enjoy the city!
The leaves have begun to change, air is crisp and cool, and it is undeniable that fall has finally arrived. Denver falls are spectacular, with the golden aspen leaves and perfect temperatures. Enjoy some of these fun activities happening in and around Denver this fall, the opportunities are nearly endless!
While home prices experienced a slight dip in Metro Denver, overall trends show boom in appreciation values since 2014. The average and median sold prices of homes both slowed down from the previous month, with appreciation slipping 1.41 percent to $404,160 and 0.46 percent to $350,000, respectively. While home prices had a slight decline month over month, Denver-area has experienced a 23 percent boom in average home appreciation values year to date in the past 24 months.
Charming and vibrant, Platt Park is a quintessential Denver neighborhood. This desirable neighborhood has a plethora of coffee shops, bars, boutiques, and popular restaurants, with parks in and around the beautiful neighborhood.
Bounded by I-25, Broadway, Evans Avenue, and Mississippi Avenue, Platt Park is a neighborhood attracting people from all over Denver. It’s a neighborhood ideal for everyone, with a mixture of established residents, first-time home owners, new-to-Denverites, young professionals, renters, and a handful of students from nearby University of Denver.
The neighborhood centers around Old S. Pearl Street, a strip of restaurants, bars, shops, and boutiques that are a destination to Denver residents from all over the city. No perfect Denver neighborhood would be complete without a brewery, and Platt Park Brewing Company does beer-loving Denver proud. Grab a bite to eat from Park Burger, and enjoy a some brews and games, dogs welcome! Some of Denver’s popular sushi joints are on Pearl, along with Stella’s and Steam – two of Denver’s popular spots for coffee.
With Platt Park and Washington Park in the area, easy access to Downtown Denver, the plethora of restaurants, retail, and drinks on Old S. Pearl Street, and Broadway’s many popular spots just a few minutes away, the Platt Park neighborhood is a desirable neighborhood to call home.