You might not realize it, but every time you take a yoga class at your neighborhood spot or buy a gift from the local artist down the street, you’re shopping small and making a difference.
In fact, for every dollar spent at a small business in the U.S., approximately 67 cents stays in the local community. So when you Shop Small on Small Business Saturday—and all year long—it can help add up to a big impact.
Talulah Jones is one of my favorite small shops in Denver. You can find some of the most unique things for your home as well as toys, books, and clothes for kids! – Kathleen Barlow
Midnight Rambler Boutique has the cutest mix of merchandise from kids to pets to clothing and accessories. The store itself is a gorgeous space and its owned and run by a group of local ladies – Kate Kazell
I like Sacred Thistle for fancy tchotchkes – they are a florist specializing in unique and fresh wabi-sabi arrangements in downtown Denver. Boutique includes curated goods for the home, as well as unusual plants and curiosities. – Heather Dunn
I love the Tattered Cover Book Store! Established in 1971, Tattered Cover Book Store is one of America’s premier independent bookstores, a Denver institution, a community gathering place, and an experience you can’t download. Tattered Cover is locally-owned business with an unwavering commitment to the customer and the community, with four unique stores in metro Denver, and three satellite stores at Denver International Airport. – Leilani Renteria
One of my favorite locally owned businesses is BookBar, an independent book store and wine bar in Denver, Colorado on Tennyson Street. Happy hour specials everyday! – Sue Perrault
Lacuna Juice and Yoga!Original concept and located at S*park in RINO. I’m a member. We are Denver’s only yoga studio offering a fully organic, vegetarian, and vegan restaurant and juice bar. – Leilani Renteria
Little by Little Boutique in Olde Town Arvada owned by my friend Alyssa Rossi! Seriously cute stuff for babies and kids, organic, locally sourced, American made, and super unique gifts at great prices. I have bought my nephew quite a few precious things from there! – Kristen Sharp
Another great one in Olde Town Arvada is SOCK! If you have a sock lover in your house like I have you have to go there. They have the best selection of unique and fun socks for everyone in the family, these always make it into stockings in my house! – Kristen Sharp
Pitter Patter is a children’s boutique across the street from the Louisville office is also SO cute. Has some great small shop brands that I used to have to order online for my baby, and a great mix of clothing toys and accessories. – Kate Kazell
And Due South in Lafayette is another really good one! Mostly adult clothing, but they also have some kids stuff and lots of decor. It’s connected to a great coffee shop and feels/looks like a mini Fixer Upper/Magnolia store! – Kate Kazell
Patter Bar – they make 100% local and organic energy bars here in Denver! Online sales or they’re in coffee shopstoo! – Brianna Kliesmet
Swiss Flower and Gift Cottage – Family owned and operated for 50 years. It is a one stop shop for all shopping. 6000 Sqft of Retail Therapy. Best selection of jewelry, furniture, gifts, art etc. Full Service flower shop as well. Attached is an event center that showcases local artists. It is a must see in Wheat Ridge, CO! – Keegan Sheard
Sara O. Jewelry is my go-to, whether I am looking for a special gift for a friend, or for my own wishlist! Sarah O. Signature designs are one-of-a-kind pieces, created locally from precious metals, in Denver and the United States, through traditional, and modernized jewelry metalsmithing methods. – Madie Linder
Do you have a Small Business that you love, and don’t see it on our list? Comment below and we will be happy to add it to our guide!
Happy Small Business Saturday from our locally-owned small business, West + Main Homes.
Work-life balance, parenting, retirement—each generation handles these life challenges in a different way than the one before. And that helps explain just where each group is putting down roots.
Millennials are opting out of the bright lights, big city lifestyle for more affordable small cities. Baby boomers facing retirement want walkable communities with urban amenities, not just 55-plus developments. The perpetually forgotten Gen Xers? They’re splitting the difference, opting for larger and more expensive markets while they have the cash to do so.
But there’s a sea change happening as millennials, the largest U.S. generation ever, truly come into their own. It’s already having far-reaching repercussions across U.S. housing markets, according to a new report by the realtor.com® economic team on home buying across generations.
“For the first time, we’re finally seeing evidence of millennials outcompeting older generations in more markets than not,” says Javier Vivas, director of economic research at realtor.com. “If millennials continue to grow [their market share] at this pace, we expect them to buy more homes than Gen X and baby boomers combined in the next year.”
Still, the major factors motivating buyers remain the same: growing families, the requirements of work, and the combined freedom and restraints of retirement.
“Life stages is what drives demand in housing,” Vivas says.
So which are the markets that have what each generation needs most to buy a home and build a life? To find out, the realtor.com economic team looked at the current share of home mortgages taken out by each generation and the change in that share from last year. These were combined to yield a generational “score” that we used to rank housing markets seeing the most activity from each generation.
To see the breakdown in housing preferences between Millennials, Gen Xers, and Boomers, read the full article on Realtor.com
Whether you’re hosting or opting to dine out this year, here’s where to pick up prepared feasts, birds, and pies or make a reservation.
All foodies know that this month’s holiday is when you bake pies, brine big birds, and do endless rounds of dishes, all for the sake of feeding your loved ones. But what if you, well, don’t want to? We say there’s no shame in taking a break from cooking this year by going out for Thanksgiving dinner or having the meal—or even just dessert—prepared for you, especially when there are so many delicious options available on the Front Range. Here are 34 restaurants, butchers, grocers, and bakeries from Boulder to Denver that are more than happy to do the work for you.
1750 Welton St. The deal: Three-course plated dinner, available from 12–9 p.m. on November 28 What’s for dinner: Carrot soup or kale-and-apple salad followed by a choice of smoked turkey with sage and brown butter gravy or herb-and-peppercorn-crusted prime rib; butternut squash ravioli is the vegetarian option. All meals come with mashed Kennebec potatoes, green bean casserole, praline sweet potatoes, and apple and cranberry stuffing. Pies: No pie, but choose from pumpkin chocolate bread pudding or apple galette for dessert Price(s): $38 for adults; $12 for children Deadline: Call 303-603-4171 for reservations.
Hyatt Regency Denver, 650 15th St. The deal: An upscale buffet, served from 11:30 a.m. to 7:30 p.m. What’s for dinner: Start with local butternut squash soup, a green salad with cornbread croutons, and a chilled seafood platter. Then head to the carving station for the honey citrus slow-roasted turkey or other proteins including prime rib, short ribs, salmon, and pork loin. For sides, there’s orange-tarragon-glazed carrots, glazed Garnet sweet potatoes, herb and apple stuffing, and whipped potatoes. Pair it all with hot apple cider. Pies: The buffet features a whole table devoted to traditional holiday pies. Price(s): $50 for adults; $17 for children ages five–12; children four and under eat for free Deadline: Call 303-486-4434 for reservations.
1401 Curtis St. The deal: A homestyle Thanksgiving buffet served from 11 a.m.– 8 p.m. on November 28 (from 6–11 a.m., the restaurant will be open for breakfast) What’s for dinner: Appetizers include butternut squash and apple cider soup, plus three different salads, including roasted beets with goat cheese. The main spread will feature roasted turkey and honey-glazed ham carving stations, traditional stuffing, mashed potatoes and gravy, green bean casserole, glazed yams, cranberry sauce, and rolls. Pies: Pumpkin whoopie pie, plus spiced chocolate cupcakes and cheesecake truffles Price(s): $55 for adults; $18 for kids under 12 Deadline: Book a table online or call 303-825-6500 for reservations.
909 17th St. The deal: Enjoy Italian spins on Thanksgiving classics from 11 a.m.–8 p.m. Executive chef Logan Stephenson will provide guests with all of the leftover fixings to create a sandwich at home, along with a personalized recipe card highlighting his own favorite post-turkey day sandwich. What’s for dinner: Butternut squash soup and grilled Caesar salad to start; prosciutto-stuffed turkey for the main; and cacio e pepe potatoes, Tuscan bread stuffing, Calabrian cranberry sauce, roasted heirloom beans, and pancetta gravy on the side. Pies: No pie—dessert is Pumpkinmisu, with a joconde sponge cake, pumpkin mascarpone, amaretti crumble, and candied walnuts Price(s): $60 per person Deadline: Call 303-296-3525 for reservations.
The ART, a Hotel, 1201 Broadway The deal: Thanksgiving brunch from 11 a.m.–4 p.m. What’s for brunch: Start with family-style canapés, then dig into harvest squash ravioli or lobster bisque and oven-roasted turkey with pan gravy or herb-crusted prime rib, as well as whipped potatoes and candied yams. Pies: Pumpkin, pecan, and various holiday tortes Price(s): $65 for adults, $28 for kids ages five to 13 (children under five eat free); pair with bottomless mimosas for an additional $20 Deadline: Reservations can be made via OpenTable or by calling the restaurant at 720- 709-4431.
1028 S. Gaylord St. The deal: A four-course Thanksgiving dinner from 12–7 p.m. on November 28 What’s for dinner: Choose from French onion soup and beet salad; bacon-wrapped dates, shiitake mushroom crostini with herb ricotta, or croquettes; roasted turkey breast with the traditional fixings, prime rib, blackened salmon, or a vegetarian option. For dessert, go for the pumpkin pie, white chocolate cranberry bread pudding, or molten chocolate lava cake. Pies: Pumpkin Price(s): $70 per person Deadline: Reserve your table on their website (a credit card deposit is required).
1520 16th St. and 1039 Pearl St., Boulder The deal: Both locations will serve a Thanksgiving feast. What’s for dinner: Start the evening with prosciutto, burrata, and fig preserves, then choose from entrées such as roasted turkey with mashed potatoes or roasted delicata squash with spiced pepitas and a maple-tahini vinaigrette. Sides include chestnut and oyster mushroom stuffing, Brussels sprouts, roasted sweet potatoes, and dinner rolls with maple butter. Pies: Dutch apple, plus pumpkin cheesecake with a gingersnap cookie crust Price(s): $65 for adults; $22 kids 12 and under Deadline: Call for reservations.
2115 13th St., Boulder, CO The deal: A Thanksgiving buffet and a chocolate fondue station What’s for dinner: Roasted turkey, wild rice risotto cakes with mushroom ragout, vegetarian cornbread stuffing, green bean casserole, oven-roasted turnips, and mashed potatoes, and much more. Pies: Apple, bourbon pecan, pumpkin, in addition to lava cake and crème brûlée Price(s): $65 for adults; $32 for kids ages four–12; children ages three and under eat free Deadline: Make a reservation online or call 303-440-2882.
Hotel Born, 1899 16th St. The deal: Full Thanksgiving meals to-go or reservations for a Thanksgiving dining experience from 12:30–8 p.m. What’s for dinner: To-go orders include Rebel Farms arugula salad with Haystack goat cheese, sweet potato casserole, sausage stuffing, mashed potatoes, Brussels sprouts, and cauliflower salad with a warm orange tahini dressing—to pair with a Colorado Ambrosia Farms Blue Slate heritage turkey. Gravy and roasted pumpkin pie are also included. The in-restaurant dining option is a more upscale affair, with Dungeness crab and tuna tartare as appetizers and six entrées to choose from, including smoked and braised lamb leg and 66-day dry-aged ribeye. Pies: Roasted pumpkin for the to-go orders; chocolate-pumpkin for those dining in Price(s): The $192 takeaway meal feeds up to six; the dine-in experience is $75 per person for a three-course prix-fixe menu Deadline: Orders accepted until November 25; call 720-592-1361 for reservations.
1644 Platte St. The deal: Thanksgiving to-go catering packages What’s for dinner: In true Brider fashion, the turkey is rotisserie, served alongside country gravy, brioche rolls, and pumpkin pie. Sides include mashed potatoes, candied yams, Brussels sprouts, green beans, mushroom stuffing, and mac and cheese. Pies: Pumpkin Price(s): $18 per person for the “Everyone Gets” items (turkey, gravy, rolls, and pie) and $5 per person per side Deadline: Orders must be placed before November 21 by emailing firstname.lastname@example.org; pick up before 8 p.m. on November 27.
3357 Downing St. The deal: This gourmet sandwich shop is offering to-go Thanksgiving sides, dressings, and desserts. There is a half-pound minimum purchase for each dish, and reheating instructions are included. Orders will be available for pick-up on November 26 and November 27 from 10 a.m. to 4 p.m. at the store. What’s for dinner: Chicken sausage and cornbread stuffing, roasted potatoes, garlic mashed potatoes, sweet potato hash, vegetable sides, roasted baby carrots, eggplant caponata, charred broccoli rabe, bacon-roasted Brussels sprouts, cauliflower gratin, creamed corn, cranberry sauce, and three different types of gravy Pies: Pumpkin, apple, and pecan, plus chocolate eggnog or cinnamon raisin bread pudding made from Rosenberg’s house-made challah Price(s): All sides are priced $9–$14 per pound; gravy and sauce are $12 per quart; $25 a pie; $16 per loaf of bread pudding Deadline: All orders must be placed by November 22; order in-store, by emailing email@example.com or via phone at 720-287-3642.
Multiple locations in Hampden, Littleton, Centennial, and Castle Pines The deal: Heat-and-serve turkeys in a variety of flavors with a side dish bundle; meals serve about 12 people What’s for dinner: Turkey options range from classic oven-roasted (available organic) to Cajun deep-fried. The side dish bundle includes sage stuffing, mashed potatoes, green beans almondine, gluten-free turkey gravy, brandied cranberries, and brioche rolls. Pies: Pumpkin, apple, and pecan Price(s): Turkeys range from $40–$90, with the side dish bundle running $140; pies are an additional $12–$17 Deadline: Order online or in-store before November 23 at 5 p.m.
305 S. Downing St. The deal: Pick up your complete Thanksgiving dinner on November 27 before 11 a.m. What’s for dinner: 10-pound roasted or smoked turkey, mixed greens salad, green beans, whipped mashed potatoes and gravy, and either traditional or oyster stuffing Pies: Apple or pumpkin Price(s): $150 for 10 people; extra sides or pies are $15 each Deadline: All orders must be placed by noon on November 20; after you place an order online, a member of Blackbird’s staff will call to you to settle payment.
Denver Central Market, 2669 Larimer St. The deal: Vegetable side dishes to-go (serves 10–12) What’s for dinner: Options include roasted potatoes, roasted vegetable medley, roasted sweet potatoes, mashed potatoes, broccoli rabe, or rustic bread stuffing. SK Provisions also offers whole roasted cauliflower with a pomegranate glaze for vegetarians and a split-roasted porchetta seasoned with garlic, fennel, and herbs for those who want to pass on the traditional bird. Pies: No pies Price(s): Sides, including the roasted cauliflower, are $20; the half porchetta serves six to eight for $90 and the whole serves 10–12 for $180. Deadline: Call 303-669-1570 or email firstname.lastname@example.org to order at least 48 hours in advance.
1825 Pearl St., Boulder The deal: Buy a handful of sides, wine, charcuterie, or your whole Thanksgiving meal from Boulder’s mainstay gourmet shop. In-store pick up and delivery are available; orders will be ready anytime after 12 p.m. on November 27. What’s for dinner: Dry brined and seasoned organic turkeys with gravy, Tender Belly heritage breed ham, duck fat mascarpone mashed potatoes, lemon rosemary crown bread stuffing, Kilt Farm kale salad, and more. Pies: No dessert Price(s): Prices vary and depend on sizing; the small serves up to six, the medium is for six –12, and large is for 12–18. Deadline: Order in person or call 720-389-8096.
14375 Orchard Pkwy., Suite 100, Westminster The deal: A turkey or an entire meal What’s for dinner: Order a turkey (apple-brined and cherry-wood-smoked), or smoked turkey breast (apple-brined and brown-sugar-glazed) by the pound. Sugarfire’s complete Thanksgiving meal includes smoked turkey breast, cornbread stuffing, green bean casserole, mashed potatoes and gravy, cranberry chutney, and fresh-baked pie (one slice per person). Pies: Pecan, pumpkin, Mississippi mud, key lime, apple, and the signature Sugarfire Pie Price(s): The complete Thanksgiving meal is $30 per person; whole turkeys (16–18 pounds) cost $8 per pound, while smoked turkey breasts are $17 per pound. Whole pies cost $29 each. Deadline: Place your order in person by November 23.
The deal: Holiday feasts for 10 people featuring natural, organic, and sustainable ingredients. Orders can be picked up on November 26, from 11 a.m.–1:30 p.m. or November 27, from 1 p.m.– 5 p.m. What’s for dinner: Get a brined and roasted turkey with traditional stuffing (gluten-free available for an additional $5), garlic-roasted green beans, honey-roasted carrots, and mashed potatoes. Rosemary sausage gravy (available vegetarian) and cranberry sauce round out the meal. Pies: Apple or pumpkin Price(s): $150, with the option to add additional pies, sides, and turkey for $8–$30 Deadline: Call 720-833-8122 to order by November 13.
Four Seasons Hotel Denver, 1111 14th St. The deal: A carry-out Thanksgiving feast for 12; desserts available à la carte What’s for dinner: 24-pound slow-roasted turkey with gravy with cranberry sauce, stuffing, mashed potatoes, candied yams, agave-glazed root vegetables, and dessert Pies: Pumpkin, salted caramel apple crumble, and black bottom pecan; additional options include pumpkin cookies, white chocolate pecan sandies, and Rosie the Cow, a 12-ounce dark chocolate cow sculpture filled with candies Price(s): $500 for the feast; individual desserts priced from $12 to $42 Deadline: Order online, in person, or via phone (303-389-3050) at least 72 hours in advance.
2180 S. Delaware St. or 1899 16th St. The deal: Smokey goodness ready for pick up on November 28 What’s for dinner: Whole turkey, turkey breast, and honey ham are available by the pound, along with full and half-pan sides of Texas toast stuffing, bacon mashed potatoes, and brisket gravy. Pies: Bourbon pumpkin pie Price(s): $85–$120 for the main proteins; $45 (serves 12) and $80 (serves 24) for half and full pans of sides; pies are $30 Deadline: Email email@example.com or call 720-815-5571 to place your order.
1800 Wazee St. The deal: To-go, uncooked Thanksgiving meals—they provide the food and instructions, you cook—for anywhere from four to 10 guests. Available for pick up November 25 to November 27 from 11 a.m.–8 p.m. at Ruth’s Butchery inside Denver Milk Market. What’s for dinner: Turkey (thawed, complete with aluminum pan), gravy, garlic mashed potatoes, traditional stuffing, green bean casserole, mac and cheese, french bread with herb butter, homemade cranberry sauce, and a choice of pie Pies: Choice of maple bourbon pumpkin pie, salted caramel pecan pie, or Wednesday’s Pie’s signature apple Price(s): $200–$275 Deadline: Reserve your meal online.
1422 Larimer St. The deal: Thanksgiving dinner with all the fixings for six to eight people; available for pickup Thanksgiving Day from 10 a.m.–12 p.m. What’s for dinner: Smoked turkey with gravy, cornbread stuffing, garlic whipped potatoes, baked mac and cheese, braised collard greens, apple cranberry sauce, and dinner rolls Pies: Choice of maple bourbon pumpkin pie, salted caramel pecan pie, or Wednesday’s Pie’s signature apple Price(s): $210 Deadline: Reserve your meal online.
2825 Wilderness Pl., #800, Boulder The deal: Signature pies available for pick up, along with galettes, savory pot pies, rolls, and quiches What’s for dinner: There are four savory pot pies (turkey, chicken, buffalo pasties, and beef wellington) and three quiches to choose from, as well as buttery brioche rolls. Pies: Cherry vanilla bean, sea salt caramel apple crumble, traditional apple, maple or chocolate pecan, chocolate cream, key lime, pumpkin, and sweet potato-chocolate-ginger Price(s): $9–$36 depending on the item; items are available gluten-free for an additional fee Deadline: Make your order online or call 303-440-2882
1918 Pearl St., Boulder The deal: All-natural turkey and sides available for pick up; all you have to do is reheat (instructions provided). Raw turkeys are also available cleaned, brined, and seasoned. Orders will be available for pick up on November 27 from 9 a.m. to 3 p.m. What’s for dinner: A roasted, carved turkey (wild rice and veggie-stuffed acorn squash for vegans), cornbread, cranberry sauce, and gravy come with every order. Choose four sides: Munson Farm butternut squash soup, caramelized onion Brussels sprouts, roasted vegetables, traditional stuffing, garlic mashed potatoes, sautéed green beans with almonds, or kale salad with roasted beets and walnuts. Pies: All pies come from Shamane’s Bakeshoppe and include pumpkin, chocolate pecan, apple, and cherry vanilla. Price(s): $25.20 per person; uncooked turkeys are $6.20 per pound (plain) and $9.20 per pound (seasoned); pies are an additional $23–28 (gluten-free available) Deadline: All orders must be placed by November 22.
1606 Conestoga St., Boulder The deal: Pasture-raised, organic birds from Peterson Turkey Farm, located just south of Denver, as well as Deer Tree Farm turkeys from the Western Slope. The latter are also pasture-raised and organic, but are fed/foraged on rotated pasture with organic fruit and bugs from the valley (their diet is supplemented with organic barley, pears, lentils, and seeds). Price(s): Peterson turkeys are $6.99 per pound and Deer Tree Farm turkeys are $11.99 per pound (all birds range from 14–22 lbs. and feed 12–18 people with leftovers). Deadline: Pre-orders are available in person or by phone at 720-479-8296 with a $100 deposit. Deposits are credited at pick up when the price is determined, as guests are charged based on the weight of the bird.
770 E. 17th Ave and 5100 E. Colfax Ave. The deal: Free-range Willie Bird turkeys (raw, roasted, or smoked) are available for pick up starting November 23. Price(s): $4.69 per pound for raw birds; $6.39 per pound if you want it cooked Deadline: Order online.
3326 Tejon St. The deal: Heritage, pasture-raised turkeys from Good Shepherd Poultry Ranch in Kansas, as well as some local, pasture-raised corn- and soy-free birds from Rocky Mountain Pastures. All turkeys are sold fresh, never frozen. Price(s): Turkeys require a $75 deposit; local birds are $15 per pound, while the heritage turkeys are $13 per pound. Deadline: Order online.
3821 Steele St. The deal: Fresh turkeys (responsibly raised by Ferndale Market in Cannon Falls, Minnesota), frozen turkeys (also from Ferndale), Nueske’s spiral sliced ham, and River Bear pork sausages, plus Culture meat and cheese boards. Available for pick up at Leever’s Locavore (opening November 21; we recommend confirming the pick-up location when ordering). Price(s): $2.99–8.99 per pound Deadline: Order by November 26 in person or email Jeff@RiverBearMeats.com.
2669 Larimer St. (Denver Central Market) and 2242 Oneida St. The deal: All-natural turkeys from Peterson Farms in Lakewood, available brined and, if you prefer, spatchcocked Price(s): $4.15 per pound for the turkey; add brine for $15 Deadline: Birds can be ordered directly online, in person at either location, or by phone.
321 E. 45th Ave. Flavors: Bourbon chocolate pecan, pumpkin, peanut butter cup pretzel, pear crumble, spiced apple cranberry, sweet potato marshmallow, and salted honey lavender (select pies are available gluten-free; a flight of mini pies is also available) Prices: From $28
4950 Washington St. This unique online pie sale raises funds to provide medically tailored meals for people with life-threatening illnesses in Colorado. Flavors: Pumpkin, pecan, cherry, and apple Prices: $30
Apartment List looked at rents in Denver and nine of its suburbs and found Denver to be the cheapest last month.
The Apartment List calculation put Denver’s median rent of $1,354 for a two-bedroom. That was down less than 1 percent over September and up less than 1 percent over October of last year.
A two-bedroom was $1,560 in Arvada; $1,590 in Aurora; $1,640 in Westminster; $1,680 in Castle Rock; $1,700 in Brighton; $1,750 in Broomfield; $1,810 in Parker; $1,910 in Littleton and, topping the list, $1,941 in Thornton. Thornton rents were up 3.6 percent over the past year, the biggest leap in the region, according to Apartment List, which found a similar trend in August.Explore Denver Neighborhoods
Apartment List says data from private listing sites, including its own, tends to be skewed by the rents for luxury apartments. Its monthly analyses weaves in census information to try correct that bias. That might explain differences with the monthly report from Zumper, another online real estate company.
Zumper calculated the median rent for a two-bedroom in Denver at $1,990, down slightly from the previous month and up 2.6 over October of 2018.
While the numbers were different, the trends were similar. Zumper put the national median for a two-bedroom at $1,480, down less than 1 percent over the previous month and up 2.6 percent over last October.
Apartment List’s national median for a two-bedroom was $1,191, up less than 1 percent over the previous month and up 1.4 percent over the previous year.
The number of new listings added to the Denver-area housing inventory in October was down 10.14 percent month over month, but still up 4.37 percent year to date. The 5,425 homes added to the market was the lowest number of new listings in a given month since February. The average days on market year to date was at 30, up 25 percent compared to last year which was at 24 days.
“We continue to see price reductions and longer days on market,” said Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. “Of the closed transactions in October, 40 percent had to make a price reduction. That impacted home sellers in a big way. When sellers had to drop their price, their homes were on the market for an average of 59 days. When a home hit the market at the right price it was only on the market for 14 days.”
According to Schafer, the fewer new listings added to the market may have contributed to the decline in home sales in October, down 6.40 percent compared to September, but still 1.85 percent more year to date compared to last year.Search for Homes
The housing price range that saw the biggest reductions prior to an accepted contract were homes priced over $1 million where the average price reduction was $149,742. In the entire residential market, homes priced under $500,000 had average price reductions between $10,750 to $21,362. Notably, in October, the average sold price of a single-family home was $533,483, up 1.96 percent year over year, and the average sold price of a condo was $365,665, up 6.95 percent year over year.
“Overall, the numbers show there is continued demand for homes in the Denver area,” adds Schafer. “Furthermore, interest rates remained low, job numbers were still strong, foreclosures and short sales were rare and mortgage delinquency rates were some of the lowest in the country.”
Our monthly report also includes statistics and analyses in its supplemental “Luxury Market Report” (properties sold for $1 million or greater), “Signature Market Report” (properties sold between $750,000 and $999,999), “Premier Market Report” (properties sold between $500,000 and $749,999) and “Classic Market” (properties sold between $300,000 and $499,999). In October 2019, 184 homes sold and closed for $1 million or greater – down 0.54 percent from September and up 6.36 percent year over year. The closed dollar volume in the luxury segment year to date was $3.17 billion, up 9.88 percent from last year.
The highest-priced single-family home that sold in October was $9,000,000, representing 8,373 above ground square feet in Cherry Hills Village. The highest-priced condo sale was $4,275,000 representing three bedrooms, four bathrooms and 3,466 above ground square feet in Denver. The REALTORS® representing the buyers and sellers in both transactions are DMAR members.
“It is clear the market has been slowly transitioning and the seasonal shift has begun,” stated Bryan Facendini, DMAR Market Trends Committee member and Metro Denver REALTOR®. “The market trend statistics signal it remains a good time period for buying and selling of luxury homes. In fact, year to date, 2019 is well-ahead of last year’s pace in the luxury market.”
There was a total of 2,051 luxury homes that sold year to date in October 2019 compared to 1,896 luxury homes that sold this same time last year, an increase of 8.18 percent. Luxury condo sales continued to perform well in 2019 too. The 237 condos sold year to date was an increase of 55.92 percent over last year. Year to date, single-family home sales have increased from 1,744 in 2018 to 1,814 in 2019, an increase of 4.01 percent.
Unlike the entire residential market as a whole, the Luxury Market’s days on market improved. Month over month, median days on market in the luxury segment went from 38 days in September to 28 days in October. Breaking down the numbers further, luxury condo median days on market decreased month over month by 30.77 percent from 26 days in September to 18 days in October. Median days on market for single-family homes improved by 17.5 percent year over year, from 40 days in October 2018 to 33 day in October 2019.
“Days on market in the luxury segment is a sign that homebuyers have moved quicker to make a purchase, and possibly to lock-in the low mortgage rates we’ve seen the second half of this year,” comments Facendini. “Furthermore, months of inventory for luxury single-family homes is 6.13 months, which is the equal balance point between buyers and sellers. Sellers continue to maintain an edge with condos in the Luxury Market with 4.35 months of inventory. While price reductions have become common, the year-to-date close-to-list price ratio has remained steady at 97.42 percent in 2019 in the entire luxury residential market compared to 97.35 percent in 2018.”
Further supporting this point, year to date, the single-family average sold price of $1,544,450 in 2019 was an increase of 1.35 percent over the 2018 average sold price of $1,523,883. Same holds true with luxury condos which have realized an appreciation in average sales price of 4.02 percent year to date. This time last year, price per square foot in the entire Luxury Market was $306 year to date, and has increased 9.80 percent in 2019 to $336. Year to date, single-family luxury homes bumped up from $290 per square foot in 2018 to $303 per square foot in 2019. Condo year-to-date price per square foot jumped from $487 in October 2018 to $585 in October 2019.
Released this week: 2018 data that reveals where residents of each state was born.
And the information about our fair state is fascinating even as it confirms plenty of suspicions about which American places are churning out the most transplants to Colorado.
The figures show that fewer than half of the folks currently living in Colorado have original roots. Of the total population, 5,695,564 (an increase of 88,410 from 2017), only 2,388,284 million started out here.
A far lower number, 635,176, hail from foreign countries (the assorted nations aren’t specified — and the total includes those “born at sea”). There are just shy of 15,000 from Puerto Rico or other U.S. territories. As such, the remainder came here from one of the other 49 states or Washington, D.C.
Which ones? Westword broke them into seven brackets: fewer than 10,000, between 10,001 and 20,000, between 20,001 and 30,000, between 30,001 and 40,000, between 40,001 and 50,000, between 50,001 and 100,000, and more than 100,000. The ones in the last category are unlikely to surprise you… Delaware (4,213) Maine (9,320) New Hampshire (7,413) Rhode Island (4,737) Vermont (5,787) West Virginia (8,724)
As you can see, five of these six entries are New England states of modest size, which likely explains the comparatively small numbers. The exception is West Virginia, which is regularly listed among the handful of the country’s poorest states. We’re guessing that more West Virginians would get here if they possibly could.
Like West Virginia, five of these nine states (plus Washington, D.C.) are from the South. But also grouped here are Alaska and Hawaii, plus two states in the western section of the continental U.S., Idaho and Nevada, that share some geographical similarities with Colorado, but aren’t as good. Obviously.
Even more folks are fleeing the South! Additional New Englanders are splitting! The West is best, but some parts of it are better!
BETWEEN 30,001 AND 40,000 TRANSPLANTS
Georgia (34,600) Louisiana (33,600) North Carolina (31,557) South Dakota (32,739)
The exodus continues in more populous states around the country, plus South Dakota, which has less than one-third the residents (882,235) of the Denver metro area (2,932,415). As such, the 32,739 South Dakotans who now live in Colorado represent nearly 4 percent of their old state’s population. Sorry, Pierre and Sioux Falls.
BETWEEN 40,001 AND 50,000 TRANSPLANTS
Indiana (48,595) Massachusetts (43,656) Utah (44,759) Virginia (40,644) Washington (47,350) Wyoming (40,645)
The most interesting entries here are Utah and Wyoming, a pair of neighboring states with smallish populations — yet more than 40,000 people from each wound up here.
BETWEEN 50,001 AND 100,000 TRANSPLANTS
Arizona (57,999) Florida (65,910) Iowa (78,211) Michigan (93,910) Minnesota (72,835) Missouri (70,746) Nebraska (88,400) New Jersey (58,004) New Mexico (79,706) Ohio (88,122) Oklahoma (57,575) Pennsylvania (80,406) Wisconsin (60,908)
The huge numbers of transplants from these thirteen states speak volumes about the wide appeal of Colorado. There are more neighboring states (Nebraska, New Mexico, Oklahoma), where lotsa folks realize that the grass is greener on our side of the fence. Add in Arizonans and Floridians sick of their particular brand of heat and lots of ex-Midwesterners who’ve had more than enough of the humidity and the result is an even longer line to get into Colorado.
MORE THAN 100,000 TRANSPLANTS
California (365,982) Kansas (101,329) Illinois (155,086) New York (135,248) Texas (200,481)
More than 135,000 New Yorkers. Over 155,000 Illinois natives who reached their limit. A whopping 200K from Texas. And so many Californians that if they all lived in one place, it would instantly become the fourth largest city in the state. If that doesn’t put Colorado’s incredible growth into perspective, nothing will.
Thanks to Westword for compiling and reporting this information! Hop over there to keep reading!
For the five months between September 2018 and February 2019, inventory started to tick up, after declining for nearly four straight years, according to data from Zillow. Come May of this year, however, there were 10.6 percent fewer listings nationwide—a deficit that fueled the 6.4 percent shortage today. The biggest drop-off? Entry-level listings, which expanded 6.7 percent in October 2018, but fell 10.3 percent in September of this year.
With the return of shortages, appreciation could potentially reignite, following nine months of slowing, the report shows. In September, annual appreciation continued to cool, at 4.8 percent—but, comparing quarterly rates, appreciation resurged 4.3 percent. Last month, appreciation clocked in at high rates in Indianapolis, at 8.1 percent; Austin, at 7.6 percent; Charlotte, at 7.1 percent; Columbus, Ohio, at 6.8 percent; and Atlanta, at 6.4 percent. In Austin and Columbus, notably, there were 14 percent fewer listings year-over-year.
Additionally, with low mortgage rates, buyer demand is predicted to rise, contributing to less options overall.
According to Skylar Olsen, director of Economic Research at Zillow, these changes signal strength.
“Housing appears to have renewed its place as a bright spot contributing to continued U.S. economic growth,” Olsen says. “The return of accelerating quarterly price growth, rising sales numbers and increasing home builder confidence and activity all point to closing out 2019 on a healthy note, despite greater volatility over the course of this year.”