Local Pulse July 2023

mark@5280core.com • 720.257.1541 • 5280core.com
  Market Update | July 2023

Hello again, Friends! I hope you’re enjoying the wonderful July weather in Colorado. As we savor the transition to our dog days of summer, there’s still an abundance of activities to explore both in and around the city. Rest assured, I’ve carefully selected a couple of noteworthy events for you to enjoy this month.

Now, let’s delve into the housing market. In July, active homes have surged by a significant 16.11%, showcasing a notable increase and home sales have experienced a slight decline of -7.02%. This is a typical slowdown for summer in Colorado. As we move out of the summer months and as rates start to decline watch out for housing demand to pick-up and bidding wars start again as your property values increase!

  Local Events | Denver
Hit and Run: Musical Improv
Experience the enchantment of Hit and Run: Musical Improv! Every Friday at 8:00pm for an hour of fully improvised Broadway-style musicals, fueled by YOUR suggestions. Presented by RISE Comedy, Colorado’s PREMIER improvised musical comedy team. Don’t miss the magic at Hit and Run: Musical Improv. Get your tickets now for an unforgettable night of laughter and entertainment! Click HERE for Tickets!
Rapidgrass Bluegrass Festival 
Experience the ultimate summer celebration at Rapidgrass Bluegrass Festival ’23! Join us from August 4th to 6th in historic Idaho Springs, CO, for an enchanting world of mountain music along Clear Creek. Immerse yourself in soul-stirring melodies, indulge in refreshing cold beer, and embrace the laid-back festival atmosphere. It’s an extraordinary experience you won’t want to miss. Secure your spot HERE for an unforgettable journey of music and camaraderie.
        Market Insights by DMAR:
  • Sellers who experienced hail damage should make timely claims and hire insured and licensed roofing companies to make repairs.
  • Four hundred chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money believe stocks have entered a new bull market, and the U.S. economy will skirt a recession in 2023.
  • Sixty percent of homeowners did not use a contractor for their home remodeling projects in 2022.
  • Homeowners spent $337 billion on new home improvements and repairs in 2020, $368 billion in 2021 and an estimated $427 billion in 2022.
  • A new survey from the National Association of Realtors® shows that a substantial demand for walkability persists for Americans of all ages.
  • Average active listings for June is 15,492 (1985-2022).
  • The record-high June was 2006 with 31,900 listings and the record-low was set in 2021 with 3,122 listings.
  Featured Local Business | Denver
Featured this month is Hulse Law Firm – Family Law & Estate Planning. The Hulse Law Firm has been operating since 2014 and are dedicated to delivering highly individualized services to people facing family law issues. Their founder, Lauren Hulse, is a Colorado native and has been practicing since 2008. If you are in need of their services, call for a free consultation at (720) 903-2647.
If you’d like your business to be featured in a future Newsletter, give me a call or email!
Real estate questions? Wondering how the market looks at the moment? Just want to say hello? Don’t hesitate to call me – I’d love to chat! Don’t forget to follow me on social media – click on the links below!
mark@5280core.com • 720.257.1541 • 5280core.com
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