& Market Update
APR 2023
SNEAK PEEK HOME STAGING
Staging Tips for Every Room in the House
Real Estate Sellers
Why Hiring an Agent is the Best Idea
your Realtor It is a pleasure and an honor to provide you with a monthly newsletter of local happenings, market data, and fun facts! YOU are the heart and soul of why I do what I do. I am always a phone call away if you have any questions or any ideas for an upcoming issue of the house & home newsletter. Thank you so much for your continued support!
Warm Regards,
Colton Harris
LOVING LOCAL
Spotlight on Local Business & Local Events
ENTERTAINMENT CORNER Easter Fun Facts
MARKET UPDATE
HOME STAGING Tips for every room in the house Home staging is a great way to showcase your home and all its possibilities. It doesn’t matter the budget. You can stage your home by simply rearranging furniture to make the space appear bigger and decorating with neutral tones or you can throw some money into it and really take the art of staging to another level. If you decide to DIY your home staging, here are some hot tips for every major space in your home.
MASTER bedroom
AIM FOR A GENDER-NEUTRAl MASTER BEDROOM
The goal is to appeal to as many buyers as you can. Staging with gender-neutral elements can accomplish this goal. Stick to neutrals - paint, patterns, decor.
kitchen
CLEAN & DEEP CLEAN
The easiest (and cheapest) way to showcase your home in its best light is to clean it. Shiny floors, scrubbed grout, and streak free windows are just some of the many ways you can make your home sparkle and shine, especially in the kitchen.
living room re-arrange furniture
Instead of flushing your furniture against the walls, try a floating technique to create a cozy conversational living room. Reposition chairs but ensure walkways are obvious. This makes the room user-friendly and it helps to make the room feel larger.
bathroom
Declutter & remove personal items Your bathrooms should be immaculate. Remove all signs that the space is in use - take toiletries like makeup and toothbrushes off countertops and hide dirty laundry baskets. Buyers do not want to see a “used” bathroom. Remember to keep toilet seat lids down during all showings.
Dining room
update the light fixtures to match the look of the room
Use the light fixtures as a focal point of the room. It’s a fairly inexpensive way to add pop to the space and to tie the furniture pieces together.
A good real estate agent is… equal parts marketer, negotiator, and magician.
Sellers: Why Hiring an Agent is the Best Idea With all the real estate activity that exists, selling a house has become a full-time job, literally. It’s a complex process to navigate on your own - from setting your listing price to marketing the home, to negotiating the terms of the sales contract. It’s definitely no easy feat. In fact, if you choose to sell your home on your own to save on commissions, it could very well cost you more on the long run through lost profits and time. Here are the main reasons why it would be in your best interest to hire a real estate agent to sell your home.
Real estate agents provide local housing market expertise. They have access to a comprehensive list of comparable homes and they understand the value of homes in your area. Taking into consideration the current market conditions, they can strategize the selling approach with the goal of earning the highest possible return on your home. They can provide technical guidance on setting the right (market-supported) price for your home.
According to the National Association of Realtors, the average “For Sale By Owner” property sold for $58,000 less than the median agent-sold home in 2021.
Real estate agents market your home.
Real estate agents handle your negotiations.
They provide recommendations for staging your home and hire photographers to take great listing pictures. They are skilled at writing an enticing listing description of your property based on features that buyers are looking for in a home. They list your property on MLS and real estate sites. In fact, agents have access to more listing outlets than sellers who are listing on their own. They host open houses and showings, physically showing your home to buyers.
They vet all potential buyers, identifying the serious offers. They work with the buyer’s agent to get you an offer that meets your needs in terms of price, timing, and repairs. They help you make smart decisions on negotiating counteroffers.
Real estate agents network with other agents to increase buyer interest. They may show your home to an agentonly crowd to increase the buzz or talk to other agents about your home, positioning it as a match for their buyers.
Real estate agents ease the selling process. They handle the paperwork that comes with selling a home. They read all the fine print, keeping an eye out for deal loopholes and unusual requests. In a multiple offer situation, they will help you identify the pros and cons of each offer, making your decision easier.
entertainment CORNER
LOCAL
Spotlight
Did You Know? The Easter holiday was named after the Anglo-Saxon goddess Eostre. Scholars believe that Easter was named after a festival celebrating Eostre and the coming of spring. Her sacred symbols are thought to have been the hare and the egg, which is why they feature prominently in Easter symbolism too. Easter lilies are a relatively new tradition. These beautiful blooms first originated in Japan and arrived in England in the late 18th century. The U.S. only caught onto the trend after WWI. The transition from dormant bulbs to delicate flowers brings to mind hope and rebirth - two important themes in the Easter celebration. Easter baskets have special symbolism. The woven treat containers represent birds’ nests and new life, especially when filled to the brim with eggs. Plus, they’re a pretty utilitarian way to gather those goodies on your Easter egg hunt.
Featured Community Events 4/6
Rockies Opening Day
4/6 - 4/9 Unseen Oceans at Denver Museum of Nature & Science 4/6 - 5/7
The Color Purple at DCPA
4/10
Explore New Art at Dairy Block
4/12
2023 Denver Mayoral Forum
4/14
Colorado Symphony Orchestra
4/22 - 4/23 Colorado Wine Walk
4/27
Patricia Swan and the Denver Skyline Walking Tour
4/27
Deeper Dive: In-Depth Titanic Tour at Molly Brown House
Bistro Vendôme Place Vendôme, considered a favorite among Parisians, is a renowned historic square located the heart of Paris. This is purposefully a bistro, not a café nor a brasserie. The selection of the name “Bistro Vendôme” reflects the desired image in the community: a local neighborhood favorite rich with history that offers an exceptional dining experience in a charming, neighborhood setting.
MARKET
DENVER METRO MARKET April 2023
Featured Listings
1328 E Layton Avenue List Price: $5,350,000
225 S Elm Street List Price: $3,500,000
Market Statistics ACTIVE LISTINGS AVERAGE CLOSE PRICE
4,516 $665,390
UNDER CONTRACT
4,274
HOMES SOLD
3,790
CLOSE PRICE/LIST PRICE DAYS ON MARKET
99.83% 37 DAYS
Average Sales Price 2022
$702,201
2023
$665,390 Total Homes Sold
2022
4,812
2023
3,790
Average Days on Market
2701 Willow Street List Price: $975,000
Market Analytics
Current Market: SELLER
2022
12
2023
37
Market Insights
5058 E Cherry Creek South Drive List Price: $710,000
The Denver housing market is picking up in active inventory but days on market still remain higher than last year. The average close price is lower than this time last year with homes being contracted at or just below listing price.