Brick and Main June Newsletter

Real Estate Market Update

Hot or Not?

Cherry Creek is on a hot streak. Over the last five years, the neighborhood has added 2,000 new residential units, 600,000 square feet of office space, 300,000 square feet of retail space and 500 hotel rooms.

Did You Know?

Denver saw a net influx of 11,053 people over the course of a year, according to recently released U.S. Census Bureau figures. That growth was the nation’s tenth-highest between July 1st 2017 and July 2018.

Buy Now or Later?

Nationally, home prices in all 50 states and in the District of Columbia increased since the fourth quarter of last year. Home prices rose 5.1% in the first quarter from a year earlier, the slowest annualized pace in four years, according to the Federal Housing Finance Agency. The appreciation of home prices is beginning to slow ever so slightly, which makes now the most advantageous time to hop in the market and buy a home. This slowdown in appreciation does not signal to a recession, in fact it signals that the market is returning to a normal pace.

What’s Happening in Denver?

Independence Day is right around the corner, and there’s no better way to celebrate than by attending the Golden 4th of July in Lions Park! Beginning at noon, residents of all ages can come out and enjoy free kids’ rides, face painting, and live music throughout the day. Fireworks begin right at 9:30, and this show is going to be out-of-this-world! Find more information here.

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