Local Pulse ‐ February 2024

mark@5280core.com • 720.257.1541 • 5280core.com
  Market Update | February 2024

Hello, Everyone! Welcome to February, a month where the crisp chill in the air contrasts beautifully with the warmth of our community spirit. It’s a time when the city’s lively buzz meets the serene beauty of snow-capped landscapes, offering a blend of indoor coziness and outdoor adventures that I can’t wait for you to explore. I’ve gathered an exciting lineup of events that are sure to brighten these shorter days.

Shifting gears to the Real Estate Market, the early signs of spring are already making themselves known, thanks in part to the recent shift in interest rates. This turn has breathed new life into the market, suggesting a spirited buying season ahead with potential increases in home values as demand continues to grow. If you’re pondering a move or curious about the market, now’s the time to chat. With 2024 shaping up to be a year of significant activity, planning ahead could place you in the perfect spot to capitalize on what’s to come.

I’m here to discuss any questions or ideas you might have, or to offer insights into the evolving real estate landscape. Let’s embrace the unique joys this month has to offer, setting the stage for a year of fulfillment, discovery, and community. Wishing you all a February filled with new opportunities and heartwarming moments!

  Local Events | Denver


Join the magical journey with the Colorado Symphony’s live performance of ‘The Wizard of Oz’ score. Experience Dorothy’s iconic adventure with Toto and friends, enhanced by the enchanting sounds of a live orchestra. Reserve your seat now for an unforgettable trip down the Yellow Brick Road.
Click HERE for tickets!
Denver Restaurant Week

Denver’s award-winning culinary landscape offers everything from chef-driven restaurants to international flavors at food halls and markets, spotlighting local specialties like green chili and Colorado meats. This year, Denver Restaurant Week introduces varied price options. Click HERE to view the Menus!

        Market Insights by DMAR:
  • Homebuyers on a $3,000 monthly budget gained nearly $40,000 in purchasing power after mortgage rates dropped to 6.7 percent from a high of 7.8 percent in October.
  • Buyer activity in the Denver Metro area for single-family homes under $600,000 picked up drastically in mid-January. Homes listed over the holidays, which saw little to no attention, experienced a sudden pick-up in showings and many new listings received multiple offers.
  • There is a shortage of single-family, detached, “ranch” floor plan homes priced under $800,000 in Douglas County. Well-maintained homes that match these criteria are selling quickly, with multiple offers. As the population ages in Douglas County, expect to see this market get even more competitive.
  • Colorado has opened the Property Tax Deferral Program to the general public so that homeowners who experienced an increase in property taxes of more than four percent over the last two years on their primary home may defer some or all of the annual payment up to $10,000.
  • Consumer confidence in the economy surged 29 percent since November, the largest two-month increase in over 30 years.
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!
mark@5280core.com • 720.257.1541 • 5280core.com
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