October 2018 Market Update

Happy October!

For our friends on the Denver Metro Association of Realtors Market Trends Committee, this has been the most action-packed season they have studied in quite some time. Just as we are winding down another year of low inventory and lower interest rates, something happened that many did not see coming.

In September, housing inventory continued to move higher, even though it typically decreases this time of year, and home prices dropped nearly 5%, since its record-peak highs this past May and June. A quick departure from what had become the norm, as sales of single-family homes over $500,000 dropped 33% from August to September, causing sellers some turbulence they were not braced for. Price reductions and longer days on the market are grabbing the attention of buyers who were taking a break from the buying frenzy, to now trying to find a “deal” that did not exist even a month or two ago.

More signs of cooling can be seen with months of inventory increasing to 2.33 months for single-family homes in September compared to 1.68 months the month prior and increasing to 1.93 months for condos compared to 1.48 months in August.

Going forward, expect interest rates to rise into 2019 and beyond as economic indicators stay strong, which will shelf some buyer’s opportunity to make a move. Also, look for listing inventory to find higher levels than we have seen, which could bring investors back to the table looking for fresh opportunity. The sky is most certainly not falling but things are shifting a bit back towards a balanced market.

Blurb courtesy of Justin Knoll

Cheers,

Madison & Company Properties

Birdies for Butterflies: 4th Bi-Annual Golf Tournament Benefits Children with EB

Denver, CO — Denver Realtors Larina McClain and Kelly VanHee of The McClain Group at Madison & Company Properties host the fourth annual Birdies for Butterflies Golf Tournament to benefit The Butterfly Fund and raise awareness of a life-threatening condition, epidermolysis bullosa (EB).

This year’s golf tournament took place on Monday, September 10, 2018, at Blackstone Country Club in Aurora, CO.

Epidermolysis bullosa, often referred to as “The Worst Disease You’ve Never Heard Of”, is a rare genetic condition which occurs in only 1 in 50,000 live births. The condition has no known effective treatment or cure, and life expectancy is roughly 15 years.

The tournament’s honoree is Larina McClain’s nephew William “Lil’ Bill” Vinson, who was diagnosed with EB back in 2010. William initially appeared to be a very healthy little boy, but within a few short hours of life, he developed signs of a serious complication with his skin.

Children with EB are known as “butterfly children” because their skin is as delicate as a butterfly’s wings. In severe cases such as William’s, even the slightest friction can cause their skin to blister and tear. Most children with this condition must be wrapped in bandages 24/7 to protect their skin, and it can take three adults up to four hours to change their bandages every other day.

Despite his debilitating condition, William continues to bring joy into the lives of those who know him.

“William is an angel. He smiles all the time despite the pain,” says McClain. “This tournament has changed people’s lives, and there is never a dry eye in the room when people hear William’s story.”

Though it started as a small event, The Birdies for Butterflies Golf Tournament has grown into one of the most popular and anticipated tournaments of the year. The event is run in shotgun start/scramble-style on one of the best courses in Colorado, and includes a banquet dinner, silent and live auction, putting contests and several prizes and awards.

“I’m a full-time Realtor and love my job,” says McClain. “But my real passion is being able to give back from my success and help this tournament and event grow! It is life changing and satisfying. We hope that people will learn more about this amazing story and be inclined to help.”

Last year, tournament participants helped raise over $30,000, and McClain and VanHee hope to exceed that goal this year. Proceeds from the tournament benefit The Butterfly Fund, a nonprofit charity helping provide a better quality of life for to any child who suffers from a chronic, painful, rare, and life-altering condition such as EB. The organization promises that 100 percent of the net proceeds from this event will go directly to assist those children and their families in the form of financial aid, food, housing, clothing, and care.

To find out how you can help, go to www.Birdies4Butterflies.com.

About The McClain Group, Madison & Company Properties

Larina McClain is the managing partner of Madison’s Cherry Creek office and broker associate at Madison & Company Properties, one of Denver’s highest grossing real estate firms. Along with her counterpart Kelly VanHee, they focus primarily on the luxury market of Denver. The McClain Group is a recipient of 5280’s 5-Star award for 2013, 2014, 2015, 2016 and 2017 based off of customer service and satisfaction, Platinum Excellence Award winner for 2016 and 2017 and top producers at Madison. For more information, please call (720) 275-9663, or visit www.mcclaingroup.co.

About the NALAℱ

The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA’s mission is to promote a business’ relevant and newsworthy events and achievements, both online and through traditional media. The information and content in this article are not in conjunction with the views of the NALA. For media inquiries, please call 805.650.6121, ext. 361.

 

Madison Leads: 2018 Elected Leaders

Congratulations are in order for all of our brokers and managers who were recently elected to leadership positions in various organizations:

  • Euan Graham, Chair-Elect, Denver Metro Association of Realtors (DMAR)
  • Scott Grossman, Director, Colorado Association of Realtors (CAR)
  • Heather Hankins, Chair-Elect, South Metro Denver Realtor Association
  • Justin Knoll, Chair 2019, Colorado Association of Realtors (CAR)
  • Piper Knoll, Director, National Association of Realtors (NAR)
  • Todd Narlinger, Director, REcolorado
  • Jen Routon, Director, Denver Metro Association of Realtors (DMAR), South/ East District

We are so proud of our brokers for stepping up to impact the real estate industry and affect change in a positive way.

Continue to care deeply and act directly!

Your Guide to Denver’s July 4th Celebrations

JULY 2ND

Four Mile Historic Park’s Old Fashioned July 4 Celebration – 5PM – 10PM
715 S. Forest St., Denver
Delight in old-fashioned games, historic demonstrations, live music, horse-drawn wagon rides and more. Food and drink will be available for purchase from food trucks and a beer garden. Bring a blanket and stay to watch the Glendale fireworks show. FREE entry. No pets, outside food or beverages, smoking or flammables.

Glendale Fireworks Show – Starts at Dusk
One of the largest and oldest in Denver. Prime viewing spots at 600 and 650 Cherry Street, along Exposition Dr. (between S. Cherry & Four Mile House), north of Virginia Avenue, south of Cherry Creek Drive and west of Colorado Blvd. Many people gather in and around the parking lots at Whole Foods Colo. Blvd. and CitySet to watch.

JULY 3RD

Colorado Rockies Post-Game Fireworks – 6:10PM
Coors Field
The Rockies play the San Francisco Giants at Coors Field at 6:10 p.m., followed by a huge fireworks display. Tickets start at $21.

Littleton Red, White and You Celebration – 5PM – 10PM
Clement Park, 7306 W. Bowles Ave.
Food, beer & wine garden, exhibits, bounces houses, FREE concert at 7 p.m. Fireworks at 9:30 p.m.

JULY 4TH

Arvada Fireworks Display – Opens at 7PM, Fireworks Start at 9PM
The park is at 58th and Oak St.
Arvada’s Independence Day Celebration returns to its roots, focusing on the core of the holiday–fireworks! Gates at the Stengler Sports Complex open to vehicles at 7 p.m. Fireworks start at 9 p.m. No personal fireworks, alcohol or pets allowed. You can bring propane grills for cooking.

Aurora 4th of July Spectacular – 6PM – 10PM
Aurora Municipal Center Great Lawn, 15151 E. Alameda Pkwy.
FREE activities go from 6 p.m. to 10 p.m. Live music, delicious food and fireworks at 9:30 p.m. Parking permitted at Town Center at Aurora, Community College of Aurora and Aurora City Place. Or take the RTD R-Line to Aurora Metro Station.

Boulder: 4th on Pearl – Special Edition of Bands on the Bricks from Noon – 8PM
Music starts at 1 p.m. ending just in time to catch Ralphie’s Independence Day Blast at Folsom Field. Activities and an extended beer garden on the 1300 Block of Pearl Street and the Boulder County Courthouse Lawn. Parking on the holiday is FREE in City of Boulder Parking Garages.

Boulder: Ralphie’s Independence Day Blast – Gates Open At 8PM
Twenty-Ninth Street and downtown Boulder.
Gates to the University of Colorado’s Folsom Field open at 8 p.m. for entertainment followed by fireworks. Ride FREE HOP shuttles from downtown and Twenty Ninth Street Mall beginning at 7:30 p.m. Gates open at 8 p.m. The program starts at 8:30 p.m. with The Mad Hops jump rope team, Boy Scout Color Guard and everyone’s favorite, Ralphie. Fireworks cap off the event at about 9:40 p.m. FREE Hop shuttles to/from.

Broomfield Great American Picnic – Begins at 5PM
Broomfield County Commons Park
Children’s carnival ($8 unlimited play on inflatables, and $3 pony rides), concessions; 5:45 p.m. bike parade (open to all ages); 6 p.m. 17th Avenue All Stars perform; 7:15 p.m. FREE concert by the That Eighties Band, and 9:30 p.m. fireworks. Limited parking available at the Broomfield County Commons. Additional parking will be located at Legacy High School with shuttles provided from 5 p.m. to 11 p.m., 303-464-5530.

Castle Rock’s Fireworks – Fireworks Show at 9:30PM
No formal event this year, lasting about 15 minutes, shot off from the top of the Santa Fe Quarry butte above Red Hawk Golf Course, (just south of The Meadows on the west side of town). This high-flying show can be seen from almost anywhere in Castle Rock.

Colorado Rockies Post-Game Fireworks – 6:10PM
The Rockies play the San Francisco Giants at 6:10 p.m. at Coors Field, followed by a huge fireworks display. Tickets start at $21.

Commerce City 4thFest – 5PM
Dick’s Sporting Goods Park
Includes obstacle courses, trampoline, ropes course, human foosball, laser tag arena, mechanical bull, live music and more. Largest public fireworks show in Colorado at 9:30 p.m. Colorado Rapids vs. Seattle Sounders at 7 p.m. Tickets start at $35. Parking lots open at 4 p.m. Limited parking so RTD bus and rail system is encouraged. Route 62 bus stop is at the stadium’s front door.

Denver Outlaws Post-Game Fireworks – 7PM
The Outlaws vs. the Boston Cannons at 7 p.m. One of the coolest close-proximity extravaganzas you’ll ever see. Fireworks within the bowl at Mile High Stadium feature pyrotechnics paired with a show on the 220-foot wide Thundervision screen. Tickets start at $20 (including fees).

Englewood 4th of July Festival – From 3PM to 10PM
Belleview & Cornerstone Parks
FREE event (small fee for some activities and attractions) includes face painting, bungee trampoline, bounce castle and live entertainment. Dragondeer performs at 7 p.m. Fireworks at 9:30 p.m.Also Pirates Cove, Miniature Train and Petting Farm open at 10 a.m. in Belleview Park. Both parks: Belleview and Cornerstone are located near the intersection of W. Belleview and S. Windermere).

Estes Park Go 4th Festival – Fireworks over Lake Estes at 9:30PM
Includes more than 100 vehicles on display in the “Steam-to-Electric” Coolest Car Show from 9 a.m. to 3 p.m. at the Estes Park Events Complex. (Admission $5, $2.50 for kids.) Estes Village Band gives a FREE concert at 7 p.m. at Performance Park Amphitheater.

Evergreen Music Festival – 10AM to 7:30PM
1520 Evergreen Pkwy., Evergreen
Musical performances throughout the day. Bounce house and kids activities from 11 a.m. to 3 p.m. with food & drink available for purchase. British Car Shine & Show from 10 a.m. to 2 p.m. The Burroughs headline from 6 p.m. to 7:30 p.m. Admission: adults $10, teens 13 to 18 $5, kids under 12, active military and veterans are FREE. Parking is $5 at Buchanan Park and Rec Center and FREE at nearby lots.

Fort Collins July 4 Celebration – Begins at 7:30AM
Morning FireKracker 5K and fun run for kids (entry fees apply), 7:30 a.m. Parade at 10 a.m. along Mountain Ave. Starting at 4:15 p.m. enjoy an evening of music, food vendors and more at City Park. Fort Collins Symphony plays at 8:15 p.m. Fireworks show at 9:35 p.m. FREETransfort shuttle service to and from the park starting at 5:30 p.m. from the Downtown Transit Center (DTC) and the CSU Towers parking lot.

Georgetown 4th of July – Begins at 11AM
One of the best small town parades around followed by the annual BBQ at City Park. After lunch, stroll through the many independently-owned shops in the historic commercial district located along and near 6th Street. Then, before dusk, head over to Georgetown Lake for a spectacular fireworks display at about 9 p.m.

Golden 4th of July Festival – 11AM to 9:30PM
1300 10th St.
FREE rides and face painting. Union Gray plays from noon to 3 p.m., followed by Kerry Pastine and the Crime Scene from 3:30 p.m. to 6 p.m. Something Underground takes the stage at 6:30 p.m. Food and beer concessions. Fireworks at 9:30 p.m.

Green Valley Ranch Concert & Fireworks – 6:15PM
4900 Himalaya Rd., Denver.
New Sensations plays FREE concert at 6:15 p.m.; then headliners The Wash Park Band at 7:40 p.m. at Green Valley Golf Club followed by a fireworks display choreographed to popular music. Food and drink available for purchase. Free shuttle service from 10 locations from 6:15 p.m. to 10:30 p.m. Check here for schedule and details.

Highlands Ranch July 4th Celebration – Starts at 4PM
Highland Heritage Regional Park
Balloon twisters, face painters, games, inflatables, live music and fireworks at 9:30 p.m. Tickets: $1 each. Tickets are needed for rides and games, which cost between 1 – 7 tickets each. No refunds. Tickets may be exchanged for merchandise such as beer, pop, water,  kiddie rides, etc. Tickets are not accepted by food vendors. Shuttles run from Highlands Ranch High School and Rock Canyon High School to and from the park.

Lafayette 4th of July at Waneka Lake – 4PM – 10PM
1600 Caria Dr.
Lafayette parties at the lake from 4 to 10 p.m. with food, beer and wine concessions, face painting, balloon sculpting, bounce house and other kids’ activities (some for a fee). Chris Daniels & The Kings perform. Fireworks at dusk. No shuttle service provided.

Littleton Fourth of July Festival – Starts at 3PM
5150 S. Windermere St.
FREE fun, entertainment and games in Belleview and Cornerstone Parks starting at 3 p.m. Food concessions available. Dragondeer band performs at 7 p.m. Fireworks show launches from the baseball fields at Cornerstone Park at about 9:30 p.m. No alcohol or personal fireworks (including sparklers) allowed. Please leave pets at home.

Longmont TinkerMill 4th of July Carnival – From 4PM – 10PM
1840 Delaware Place
Fun activities, live entertainment, and the best view of the Longmont fireworks display. Carnival includes “Water Wars” water balloon launchers, trebuchet, dunk tank, food trucks, beer, TinkerMill MakeSale, games and more. Fireworks start at 9 p.m. (launched from the Boulder County Fairgrounds.) Bring your own chair. Entry is free, with a suggested donation of $5.

Louisville Fourth of July Celebration – 6PM to 10PM
FREE family-friendly event at the Coal Creek Golf Course from 6 p.m. to 10 p.m. Face painting, jumpy castles, games, live music by the Boulder Concert Band and food trucks on site. Fireworks at 9:30 p.m. No parking at the golf course so use the free shuttles from 6 p.m. to 11 p.m. from Louisville Recreation Center or Home Depot.

Loveland July 4th Celebration at North Lake Park – Starting at 10AM
FREE activities and displays all day starting at 10 a.m. with a flag raising ceremony. Plus enjoy games, train rides and tons of food booths. Loveland Concert Band takes to the Hammond Amphitheater stage at 8 p.m. A 30-minute fireworks show begins at 9:17 p.m. over Lake Loveland.

Niwot’s July 4th Celebration – Begins at 7:30AM
Pancake breakfast, 7:30 to 10:30 a.m. at Niwot Market ($5 for adults and $3 for kids) for pancakes, sausages, eggs, green chiles, orange juice and coffee. At 9 a.m. concert by Niwot Semi-Marching Free Grange Band. Bicycle decorating starts at 8:30 a.m. and parade beginning at 11 a.m. with vintage cars, color guard, pets, decorated bikes, line dancers and citizens young and old. Parade runs from Cottonwood Square, across Niwot Road, along 2nd Avenue to Murray Street. Firehouse Museum open for tours before and after the parade.

Northglenn 4th of July Family Festival – 7AM to 10PM (All Day Event)
11801 Community Center Dr.
All day event including Pancake Breakfast, Pedals and Paws Patriot Parade, 4-mile run, car show, bounce houses, pedal boats, Duck Derby, bake sale, Beer Garden and concert by Last Men On Earth. Food & community booths open at noon. Fireworks display set to music at 9:30 p.m. over Webster Lake. E.B. Rains Jr. Memorial Park across from City Hall.

Observatory Park 4th of July Parade – Parade Starts at 10AM
Observatory Park
University Park neighborhood celebrates the 4th of July at Observatory Park. Handmade non-motorized floats parade along Warren Street between Milwaukee and Fillmore starting promptly at 10 a.m. Festivities run until noon. Music by the VFW Band and a fire truck is on hand. Refreshments for sale.

Park Hill 4th of July Parade – Begins at 1:30PM
23rd Ave. from Dexter St. to Krameria St.
The northeast Denver tradition includes floats, bicycles, costumed characters, classic cars, a marching band and more. The parade ends about 3 p.m. at the Kearney Street Fair on the 2200 block of Kearney with food, live music, kids’ activities and more.

Parker Stars and Stripes Celebration – 6PM to 10PM
Salisbury Park, 12010 Motsenbocker Rd.
FREE bounce houses, slides, games, inflatables and climbing wall. (Small fee for face painting and tot train.) Mobile zip line is $5 per ride. Food and live music. Six Million Dollar Band performs at 6 p.m. Then fireworks at 9:30 p.m. set to patriotic music. Parking for 2,500 cars available at the park for $10, cash only. No alcohol, tents or canopies. Coolers and picnic items are okay. ATMs on site.

Stapleton Pancake Breakfast & Parade – Start with a Pancake Breakfast at 9AM
Fountain Pavilion in Central Park
Pancake breakfast ($5/adults, $3/children or family 4-pack for $12) at the Fountain Pavilion in Central Park, followed by an old-fashioned parade with bikes, trikes, wagons and scooters beginning at 10:30 a.m. at the Fountain Pavilion.

Thornton 4th of July – 4PM to 10PM
Carpenter Park Fields, 11000 Colorado Blvd.
Beer garden & food vendors, FREE Thornton Community Band performance at 5:15 p.m., presentation of colors, Kory Brunson Band at 7:30 p.m. Skydivers jump at 9:30 p.m. As soon as parachutists land, the fireworks start. Parking details here.

Westminster 4th of July Celebration – Opens at 4PM
Westminster City Park, 10475 Sheridan Blvd.
Kids Activity Zone and food vendors open at 4 p.m. A FREE concert by FACE starts at 7 p.m., followed by fireworks at 9:15 p.m. Have fun in the Activity Zone playing on jumping castles, slides and more. Parking is VERY limited. Use the FREE shuttle bus from many locations in Westminster and Hyland Hills. Grills, personal fireworks and glass containers are not allowed at the event.

Finding a Denver Farmers Market Near You [INFOGRAPHIC]

Here’s your 2018 Guide to Farmer’s Markets in Colorado this summer! Download and print the infographic below.

Saturdays

Denver
Cherry Creek Fresh Market (Map)
1st & University (Cherry Creek Mall)
May 5 – Oct 27 | 8am – 1pm

Golden
Golden Farmers Market (Map)
1019 10th Street
Jun 2 – Oct 6 | 8am – 1pm

Greeley 
Greeley Farmers’ Market (Map)
902 7th Street
May 19 – Oct 27 | 8am – 12pm

Lakewood
Colorado Local Farmers’ Market (Map)
9077 W Alameda Avenue
Jun 16 – Sep 29 | 10am – 2pm

Littleton
Denver Farmers’ Market (Map)
8501 W Bowles
Jun 16 – Sep 29 | 10am – 2pm

Louisville
Louisville Farmers Market (Map)
824 Front Street
May 19 – Oct 13 | 9am – 1pm

Westminster
Westminster Market (Map)
5255 W 98th Avenue
June 4 – September 24 | 9:30am – 1:30pm

Sundays

ARVADA
57th & Olde Wadsworth (Map)
June – Sept | 9am – 1:30pm

COLORADO SPRINGS
Cordera (Map)
11894 Grand Lawn Circle
Jun 3 – Sep 9 | 10am – 3pm

DENVER (HIGHLANDS)
The Farmers’ Market at Highlands Square (Map)
32nd Avenue, Near Lowell & Newton
Jun 3 – Sep 30 | 8am – 12pm

DENVER (CENTRAL)
Sullivan Fountain, across from the Tattered Cover (Map)

E Colfax Avenue & Columbine Street
Jun 3 – Oct 28 | 9am – 1pm

DENVER (STAPLETON)
Stapleton Founder’s Green (Map)

East 29th Avenue & Roslyn Street
Jun 17 – Oct 14 | 8:30am – 12:30pm

DENVER (OLD SOUTH PEARL)
South Pearl Street Farmers Market (Map)

1500 Block of South Pearl Street
May 20 – Nov 18 | 9am – 1pm

HIGHLANDS RANCH
Highlands Ranch Town Center Square (Map)

9288 Dorchester Street
May 6 – Oct 28 | 10am – 12pm

WESTMINSTER
14458 Delaware Street (Map)
Jun 3 – Oct 30 | 9am – 2pm

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