With over a decade of experience, Leslie leads Lark Realty Group with a focus on client-centric service and community involvement in Denver's real estate market.
What is it like to call Westminster Denver Colorado home? Adjacent to Denver, Westminster offers a blend of quiet neighborhoods and dynamic city access. This article gives you a straightforward look at local living, from parks to schools and housing, preparing you for what to expect whether you’re considering relocating, working, or visiting.
Key Takeaways
Westminster offers the best of both worlds with its suburban appeal and close proximity to Denver, providing a relaxed lifestyle alongside city amenities.
The city prides itself on outdoor activities with spots like Standley Lake and Big Dry Creek Trail, plus a strong transport network that includes major highways and public transit options.
Westminster boasts a vibrant community with diverse attractions, educational institutions, and community events, and it’s looking forward to exciting future developments such as Center Park.
Discover Westminster: A Suburban Gem Near Denver
Straddling Adams County and Jefferson counties, Westminster’s prime location makes it a hotspot for those seeking proximity to Denver without compromising on a suburban lifestyle. It’s not just a city on the map; it’s a lifestyle choice, an experience that bridges the gap between city life and suburban tranquility.
City at a Glance
So, what does living in the city of Westminster entail? Let’s begin with the fact that Westminster is the 8th most populous city in Colorado, accommodating nearly 115,000 residents. With its unique blend of cultures and lifestyle choices, the population density in this city spanning across two counties – Adams and Jefferson – is worth considering.
The Great Outdoors
Much of Westminster’s allure stems from its appreciation for the great outdoors. The city boasts a myriad of parks and trails tailored for families and outdoor enthusiasts. Standley Lake Regional Park, for instance, is a centerpiece for outdoor recreation in Westminster, providing access to fishing, camping, and wildlife viewing.
Beyond Standley Lake, the Big Dry Creek Trail offers an expansive setting for more outdoor activities and natural exploration within the trail system.
Connectivity and Transportation in Westminster
A well-developed transportation network in Westminster exemplifies the city’s perfect blend of urban and suburban experiences. The city boasts major thoroughfares like:
Interstate 25
U.S. Highway 36
U.S. Highway 287
State Highway 95
State Highway 121
State Highway 128
These highways provide extensive connectivity to surrounding areas, including the eastern boundary.
The Denver Regional Transportation District (RTD) operates extensive bus services in Westminster, connecting to Boulder and Denver, and local bus routes facilitating in-city and inter-city travels. Introduced in 2016, the B Line commuter rail by RTD links downtown Denver to Westminster Station, enhancing the public transport framework.
Westminster’s Attractions and Recreation
Beyond picturesque landscapes and connectivity, Westminster also serves as a hub for attractions and recreational activities. Take the Butterfly Pavilion, for instance, an engaging and educational attraction featuring a variety of butterflies and other invertebrates.
But that’s not all; Legacy Ridge Golf Course, designed by Arthur Hills, offers a championship experience with a Colorado-style Scottish links layout. The course is welcoming to golfers of all skill levels, featuring several golf courses like Legacy Ridge Golf, heritage golf, and Heritage Golf Course with:
Four tee boxes per hole
Wide fairways
Large greens that average over 6,000 square feet
Natural mountain views and rolling terrain as a backdrop
Living in Westminster: Neighborhoods and Housing
Residing in Westminster offers a unique experience, with roughly 30 neighborhoods that vary from suburban to somewhat rural settings. From the condo community of Pebble Brook North to mid-century modern homes in Apple Blossom Lane, Westminster offers a wide variety of housing options. The city’s homeownership rate stands at 64%, reflecting the city’s competitive housing market dynamics and average household size.
Education and Schools in Westminster
Westminster places a high emphasis on education, with schools’ performance spectrum ranging from the highly rated Woodrow Wilson Charter Academy to the Academy of Charter Schools. The city boasts a diverse range of educational institutions, including:
16 preschools
13 elementary schools
11 middle schools
2 high schools
Westminster Public Schools boasts a highly experienced teacher workforce, although proficiency levels indicate room for improvement.
Shopping and Dining Destinations
Apart from work and education, Westminster also shines as a prime spot for shopping and dining. Downtown Westminster, in particular, is recognized for its vibrant retail and restaurant scene. Sweet Bloom Coffee is one of Colorado’s crown jewels, having been recognized by Food & Wine Magazine as the state’s top coffee shop.
Community Events and Culture
Life in Westminster is greatly enriched by community events and cultural activities. From the Denver Ramen Festival to the Denver Pancakes & Booze Art Show, the city offers events that cater to a wide range of interests and demographics.
The city’s inclusive event scene is also exemplified through events like the Vegan BrewFest Denver, offering vegan delicacies paired with local craft beers.
Business and Employment in Westminster
The economy of Westminster is quite diversified, encompassing key sectors such as high-tech, medical, and energy fields. Major employers such as Ball Corporation, St. Anthony’s North Hospital, Maxar, and others contribute to a robust local economy, providing a wide range of job opportunities.
Westminster’s Development and Future Plans
With ongoing developments and renovations, the future of Westminster appears promising. One of the significant future projects is the construction of Downtown Westminster’s Center Park, set to begin in spring 2024. Located near the popular Orchard Town Center, the park will feature:
Open lawns
Event spaces
A spray pad
An off-leash dog area
And more
These additions will enhance community engagement.
Summary
In conclusion, Westminster offers a unique blend of suburban charm and urban accessibility, with a rich array of parks, trails, recreational areas, and a vibrant retail and restaurant scene. With a diverse economy, competitive housing market, and a promising future, it’s clear why many are choosing to call Westminster home.
Frequently Asked Questions
Is Westminster a good area in Denver?
Yes, Westminster is generally considered a good area in Denver, with the majority of residents believing in its quality of life, services, and financial stability. Residents enjoy a dense suburban feel, a variety of amenities like restaurants and parks, and a community atmosphere.
What is Westminster CO known for?
Westminster, CO is known for its growing community, with steady growth and development that has attracted diverse residents and businesses. This has made it a thriving and vibrant place to live.
Is Westminster a suburb of Denver?
Yeah, Westminster is a suburb of Denver, located in Adams and Jefferson counties. It’s a vibrant area with a dense suburban feel, and is home to a diverse range of local businesses and amenities.
What is the population of Westminster?
Westminster has a population of nearly 115,000 residents, making it the 8th most populous city in Colorado.
What are some of the outdoor recreational activities in Westminster?
Westminster offers a variety of outdoor recreational activities, such as visiting Standley Lake Regional Park and exploring the Big Dry Creek Trail. Enjoy your time outdoors!
Cherry Creek in Denver, or as some may call it, “Cheery Creek Denver,” is a hub of sophisticated living and culture. This guide offers an insider’s look into the chic boutiques, residential elegance, and the arts and entertainment scene defining this Denver neighborhood. Whether planning a visit or considering a move, here’s what you can expect from Cheery Creek Denver.
Key Takeaways
Cherry Creek in Denver is a luxurious neighborhood offering a harmonious mix of high-rise residences and serene residential life, with a rich cultural scene including boutique shops, art galleries, and a diverse mix of dining and entertainment options.
The Cherry Creek Shopping Center is an upscale retail hub featuring over 160 stores, blending international luxury brands and local boutiques, complemented by diverse dining choices and a range of customer-focused services and amenities.
Cherry Creek provides a comprehensive lifestyle experience with chic bars, a variety of fitness studios, and top-rated spas, alongside a vibrant nightlife and a calendar filled with cultural and community events that cater to both residents and visitors.
Exploring Cherry Creek Neighborhood
Nestled within Denver lies Cherry Creek, an affluent neighborhood that beckons visitors with its modern comfort and elegance. It’s a place where the fast-paced energy of urban living and the serene tranquility of residential life coexist harmoniously. Bounded by:
6th Avenue
Alameda Avenue
University
Colorado Boulevard and other Colorado Boulevards
Cherry Creek’s geographic location adds to its distinctive charm. Amidst the bustling cityscape of Denver, it stands as a beacon of luxury and sophistication.
Cherry Creek’s dynamic skyline is a testament to its noteworthy architecture. The neighborhood is studded with luxury high-rise homes, each one an architectural wonder in its own right. Yet, at its core, Cherry Creek still nurtures the calmness of residential life, offering a peaceful abode amidst the city’s hustle.
Beyond its residential appeal, Cherry Creek embodies a vibrant hub of culture and lifestyle. It’s a vibrant hub of culture and lifestyle. The streets of Cherry Creek are lined with boutique shops, each one offering a unique shopping experience. From high-end fashion stores to quaint local boutiques, shopping in Cherry Creek is nothing short of a delightful adventure.
Shopping is just one facet of Cherry Creek’s charm. The neighborhood is home to chic bars and fitness studios, giving the residents abundant options to unwind and keep fit. Whether you’re a cocktail connoisseur or a fitness enthusiast, Cherry Creek has something for everyone.
The Heart of Cherry Creek
A paradise for shoppers and food enthusiasts, Cherry Creek North is a vibrant subsection of the neighborhood. Celebrated as Denver’s top shopping and dining district, Cherry Creek North offers a lively outdoor ambiance that’s hard to resist. As you stroll down the streets, you’ll find:
an eclectic array of fashion boutiques
art galleries
restaurants
spas
Each contributing to the district’s unique cultural tapestry.
For art enthusiasts, Cherry Creek North is a treasure trove of artistic delight. The area boasts a multitude of galleries, each featuring a distinct array of artistic styles. From traditional to modern, there’s a piece of art for every connoisseur. The vibrant art scene adds to Cherry Creek North’s cultural richness, making it a must-visit destination in Denver.
Residential Elegance
You’ll find the residential elegance of Cherry Creek simply captivating. A harmonious blend of architectural styles characterizes the neighborhood. Denver Squares and bungalows stand alongside new infill projects, adding a sense of architectural diversity to the neighborhood.
This diversity extends to the housing options as well. Whether you prefer the exclusivity of luxury attached residences, the comfort of single-family homes, or the convenience of mid-rise condos, Cherry Creek has got you covered. This blend of luxury high-rise buildings and traditional single-family detached homes shapes Cherry Creek’s unique skyline, a testament to the neighborhood’s residential elegance.
Walkability & Accessibility
The neighborhood’s walkability and accessibility significantly enhance Cherry Creek’s appeal. The area boasts high-quality sidewalks and roadway crossings, creating a comfortable environment for all pedestrians, including those using mobility devices. Local plans acknowledge the importance of street improvements and enhanced pedestrian facilities, targeting them as key opportunities to improve walkability.
Evening walks in Cherry Creek North are especially pleasant, thanks to well-lit streets, ambient decorations, and the pedestrian-friendly environment. The close proximity of residential areas to downtown Denver adds to the convenience, with shopping and cultural facilities easily accessible on foot or by rolling devices. Whether you’re a resident or a visitor, the walkability of Cherry Creek contributes to an engaging and enjoyable neighborhood experience.
Cherry Creek Shopping Center: A Retail Haven
An upscale retail haven echoing the neighborhood’s luxurious charm, the Cherry Creek Shopping Center resides at the heart of Cherry Creek. Renowned for its upscale shopping environment, the center caters to those seeking luxury and exclusivity. With over 160 stores, Cherry Creek Shopping Center offers a rich diversity of options, featuring international luxury brands alongside local boutiques.
Step into the shopping center on Steele Street and you’re immediately surrounded by a world of high-end fashion and luxury. Whether you’re in the mood for some retail therapy or simply want to window shop, the variety and quality of stores will not disappoint.
Yet, the shopping center offers much more than just a hub for luxury brands. It’s a place where local boutiques flourish alongside big-name stores. These local boutiques offer unique, Colorado-inspired apparel and gifts, catering to those seeking one-of-a-kind items.
Blending international luxury and local charm, the Cherry Creek Shopping Center offers a unique shopping experience. It’s not just a shopping destination; it’s an experience that embodies the spirit of Cherry Creek.
Exclusive Shops & Boutiques
Adding to its charm, the Cherry Creek Shopping Center houses exclusive shops and boutiques. Luxury brands such as Louis Vuitton, Tiffany & Co., and Burberry are some of the exclusive retailers that can be found at the center, offering shoppers an upscale experience.
Alongside these luxury brands, the shopping center also hosts a range of unique local boutiques. These shops offer Colorado-inspired apparel and gifts, catering to those seeking one-of-a-kind items. From high-end fashion to quirky local creations, the shopping center offers an eclectic mix of shopping options.
Dining and Delights
Offering more than just shopping, the Cherry Creek Shopping Center is a gastronomic delight. The center houses an array of dining options, catering to various tastes with upscale restaurants, casual eateries, and places for quick bites.
The culinary experience at Cherry Creek Shopping Center includes:
Local favorites
International dishes
Gourmet burgers
Refined fine dining options
After a day of shopping, treat yourself to a delightful meal at one of the many dining options available, such as Kona Grill.
Services & Amenities
In Cherry Creek Shopping Center, they place a high premium on customer experience. The center provides a range of services designed to ensure a comfortable and convenient visit for all guests. Among its amenities, the shopping center offers complimentary Wi-Fi and a designated children’s play area, enhancing the overall shopping experience.
The center bolsters shopper convenience with additional services such as valet parking, a luggage and shopping bag check, and a currency exchange to accommodate both local and international visitors. Whether you’re a local resident or a tourist, Cherry Creek Shopping Center ensures a seamless shopping experience with its comprehensive range of services and amenities.
Leisure and Lifestyle in Cherry Creek
Serving as a lifestyle destination, Cherry Creek provides much more than just shopping and dining. The neighborhood is home to an array of chic bars and lounges, known for their sophisticated ambiance and extensive selection of fine wines and spirits. Whether you’re looking for a quiet place to unwind or a lively spot to socialize, Cherry Creek has got you covered.
The nightlife in Cherry Creek offers a diverse mix of experiences, including:
Sophisticated cocktail lounges
Vibrant bars
Venues with live music
Intimate settings for socializing and entertainment
Whether you’re looking for a quiet night out or a lively atmosphere, Cherry Creek has something to cater to your refined taste.
For health-conscious residents and visitors, Cherry Creek boasts several fitness studios equipped with the latest exercise technology. These studios offer specialized fitness programs ranging from high-intensity boot camps to serene yoga classes, promoting holistic wellbeing.
After a rigorous workout, what could be better than a relaxing spa session? Cherry Creek’s spas offer a range of pampering services, from massages to beauty treatments, helping guests to relax and rejuvenate. These top-rated spas and wellness centers provide a tranquil retreat from the bustle of daily life, adding to Cherry Creek’s allure.
Fitness & Wellbeing
For those prioritizing fitness and wellbeing, Cherry Creek is sure to impress. The neighborhood is home to a diverse array of fitness studios, offering everything from:
cycling
boxing-inspired workouts
barre
dance
various Pilates and yoga disciplines
Whether you’re a fitness enthusiast or a beginner, the fitness studios in Cherry Creek cater to all levels. Here are some options for you:
SoulCycle: Full-body workouts
Rumble Boxing: Group sessions
CLMBR: Challenging climbing workouts
Barre3: Balanced fitness approach
There’s something for everyone.
In addition, services like physical therapy and full-body massage sessions at KinetikChain Denver contribute significantly to the community’s health and wellbeing.
Relaxation & Pampering
If you’re in the mood for relaxation and pampering, Cherry Creek’s array of spas and salons should be your go-to. These establishments offer a wide range of services, including:
Massages
Facials
Manicures and pedicures
Hair treatments
Waxing
Beauty treatments
These top-rated spas and wellness centers provide a tranquil retreat from the hustle and bustle of daily life.
While specific details about these spas and salons are yet to be detailed, it’s safe to say that Cherry Creek’s reputation for luxury and sophistication extends to its wellness offerings as well. Whether you’re looking for a quick beauty treatment or a full day of pampering, Cherry Creek’s spas and salons promise a delightful experience.
Nightlife & Entertainment
The diversity of Cherry Creek’s nightlife mirrors that of its residents. The neighborhood offers a plethora of options for evening entertainment, ranging from vibrant bars and rooftop venues to speakeasy-style cocktail lounges.
Some popular bars in Denver include:
Happy Camper: offers a vibrant atmosphere with outdoor seating
54thirty Rooftop: provides a panoramic view of Denver with a selection of drinks
Williams & Graham: a speakeasy-style bar that provides a cozy, intimate space for enjoying crafted cocktails
Cherry Cricket: features a laid-back bar ambiance
Linger: known for its lively environment and unique concept
Whether you’re looking for a quiet evening or a night of fun, Cherry Creek’s nightlife caters to every taste.
Cultural Touchstones of Cherry Creek
Far from being just a neighborhood, Cherry Creek serves as a bustling cultural hub. The area boasts an array of art galleries that feature a blend of local and international artworks. Creative workshops and spaces are scattered throughout the neighborhood, contributing to its vibrant artistic culture.
The neighborhood is also home to historical landmarks that reflect its development and significance in Denver’s history. Notable museums, including the Denver Museum, in the area provide a window into the past, with exhibits and collections that engage visitors with the local heritage.
Seasonal events and festivals in Cherry Creek, such as art walks and wine festivals, offer residents and visitors a taste of the community’s cultural richness. These events provide a platform for local artists to showcase their work and for residents to connect with their community.
Artistic Flair
Cherry Creek’s vibrant array of art galleries showcases its artistic flair. These galleries showcase a diverse range of artistic styles, offering something for every art enthusiast. Fascination St. Fine Art and Relévant Galleries are among the prominent venues that provide unique art experiences, including in-person events with artists and distinctive exhibitions such as ‘Grit & Glamor: The Russell Young Experience’.
Beyond galleries, Cherry Creek’s Clayton Members Club & Hotel offers guests an immersive artistic experience with curated artworks and the exclusivity of a private members club. Whether you’re an art connoisseur or a casual observer, Cherry Creek’s art scene offers an enriching cultural experience.
Historical Landmarks
Imbued with history, Cherry Creek’s historical landmarks bear witness to its rich heritage. The Harman Town Hall is an iconic historical landmark in Cherry Creek, reflecting the area’s cultural and architectural heritage.
Another noteworthy landmark is the Greenleaf Masonic Temple. It mirrors Cherry Creek’s historical community significance and architectural beauty. These landmarks are integral to understanding Denver’s storied past and provide a fascinating insight into the history of Cherry Creek.
Community Events
Integral to the cultural landscape of Cherry Creek are its community events. The Cherry Creek Arts Festival, a renowned celebration that showcases the visual, culinary, and performing arts, is a highlight of the neighborhood’s cultural calendar.
In addition to the arts festival, art enthusiasts can engage in art walks and gallery events, offering a platform to interact with local artists and admire their creations. The neighborhood’s social calendar is rich with diverse events ranging from happy hours and live music to health and wellness activities, making Cherry Creek a vibrant and dynamic community.
Outdoor Adventures Around Cherry Creek
Catering to outdoor enthusiasts, Cherry Creek offers a variety of adventures for residents and visitors alike. With its natural beauty and extensive outdoor activity options, Cherry Creek is a playground for nature lovers and adventure seekers alike.
Whether you’re a fan of hiking or biking, Cherry Creek has got you covered. The region is also known for its water sports, providing fun and excitement for all ages. These activities are enhanced by the scenic parks and trails that abound in and around Cherry Creek, adding to the neighborhood’s outdoor appeal.
Denver Botanic Gardens
Located near Cherry Creek, the Denver Botanic Gardens provide a picturesque outdoor experience. This urban oasis is a haven for nature lovers, offering a tranquil retreat from the bustling city. With an array of diverse plant species and beautifully manicured gardens, it’s a must-visit for anyone seeking a serene outdoor experience.
The Denver Botanic Gardens is more than just a garden; it is a testament to the beauty of nature and the importance of conservation. Whether you’re a seasoned botanist or a casual nature lover, the Denver Botanic Gardens offers an enriching and educational experience.
Cherry Creek Bike Path
Situated along the scenic Cherry Creek, the Cherry Creek Bike Path is a prominent bicycle route in Denver, Colorado. Providing a connection to downtown Denver, the Cherry Creek Bike Path is integrated into the city’s widespread network of bike trails, enhancing accessibility for cyclists.
The development of the Cherry Creek Bike Path is part of the broader Denver Moves: Cherry Creek planning effort, aimed at bolstering infrastructure for walking, biking, transit, and driving within the neighborhood area. Whether you’re a seasoned cyclist or a casual rider, the Cherry Creek Bike Path offers a scenic and enjoyable cycling experience.
Sports & Recreation
With its access to multiple parks and trails, Cherry Creek serves as an excellent spot for running and outdoor sports. Some of the local sports events that can be caught within or near Cherry Creek include:
Running races
Soccer tournaments
Baseball games
Tennis matches
Ultimate Frisbee leagues
So whether you’re a runner, soccer player, baseball fan, tennis enthusiast, or just enjoy watching sports, Cherry Creek has something for everyone.
After a day of outdoor adventure, guests in Cherry Creek can relax in artisanal beer gardens, sampling local craft beers and enjoying the neighborhood’s ambiance. Whether you’re a sports enthusiast or a beer connoisseur, Cherry Creek offers a diverse range of recreational activities that cater to all tastes and lifestyles.
Summary
In conclusion, the Cherry Creek neighborhood in Denver embodies a distinctive blend of urban sophistication and residential tranquility. From its upscale shopping and dining options to its vibrant art scene, historical landmarks, and outdoor adventures, Cherry Creek offers a rich tapestry of experiences. Whether you’re a resident or a visitor, Cherry Creek invites you to explore its unique charm and embrace a lifestyle of luxury and comfort.
Frequently Asked Questions
Is Cherry Creek a nice area of Denver?
Cherry Creek is a great area of Denver, offering an urban feel with excellent parks, shopping, dining, and a high average home price, making it suitable for families and young professionals.
What is Cherry Creek Denver known for?
Cherry Creek Denver is known for its upscale shopping with world-renowned luxury brands, diverse dining options, and a vibrant art scene. It’s a popular destination for fashion, dining, and cultural experiences.
Is Cherry Creek Denver expensive?
Yes, Cherry Creek in Denver is considered expensive, with the median home price being $865,000 and the cost of housing estimated to be 128.8% of the national average.
How many stores are in Cherry Creek?
Cherry Creek has over 160 stores, with a wide range of luxury brands and a variety of department stores, such as Neiman Marcus, Nordstrom, and Macy’s. This makes it a prime shopping destination in the region.
What can I find at the Cherry Creek Shopping Center?
You can find an upscale retail haven with over 160 stores, international luxury brands, local boutiques, diverse dining options, and various services and amenities at the Cherry Creek Shopping Center. It’s a great destination for shopping and dining.
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. We can help debunk the headlines so you can really understand today’s market and what it means for you.
Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context.
Myth 1: Home Prices Are Going To Fall
One piece of fiction many buyers may have seen or heard is that home prices are going to crash. That’s because headlines often use similar, but different, terms to describe what’s happening with prices. A few you might be seeing right now include:
Appreciation, or an increase in home prices.
Depreciation, or a decrease in home prices.
And deceleration, which is an increase in home prices, but at a slower pace.
The fact is, experts aren’t calling for a decrease in prices. Instead, they forecast appreciation will continue, just at a decelerated pace. That means home prices will continue rising and won’t fall. Selma Hepp, Deputy Chief Economist at CoreLogic, explains:
“. . . higher mortgage rates coupled with more inventory will lead to slower home price growth but unlikely declines in home prices.”
Myth 2: The Housing Market Is in a Correction
Another common myth is that the housing market is in a correction. Again, that’s not the case. Here’s why. According to Forbes:
“A correction is a sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak.”
As mentioned above, home prices are still appreciating, and experts project that will continue, just at a slower pace. That means the housing market isn’t in a correction because prices aren’t falling. It’s just moderating compared to the last two years, which were record-breaking in nearly every way.
Myth 3: The Housing Market Is Going To Crash
Some headlines are generating worry that the housing market is a bubble ready to burst. But experts say today is nothing like 2008. One of the reasons why is because lending standards are very different today. Logan Mohtashami, Lead Analyst for HousingWire, explains:
“As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022.”
During the last housing bubble, it was much easier to get a mortgage than it is today. Since then, lending standards have tightened significantly, and purchasers who acquired a mortgage over the last decade are much more qualified than they were in the years leading up to the crash.
Bottom Line
No matter what you’re hearing about the housing market, connect with your trusted real estate professional. That way, you’ll have a knowledgeable authority on your side that knows the ins and outs of the Denver and Wash Park market, including current trends, historical context, and so much more.
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to selling a house in Wash Park. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.
Here’s a look at what experts say you can expect this spring.
Mortgage Rates Will Climb
Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:
“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”
If you’re a seller thinking of moving to a home that better fits your needs, realize that waiting will likely mean you’ll pay a higher mortgage rate on your purchase. And that higher rate drives up your monthly payment and can really add up over the life of your loan.
Housing Inventory Will Increase
There may be some relief coming for buyers searching for a home to purchase. Realtor.com recently reported that the number of newly listed homes has grown for each of the last two months. Also, the National Association of Realtors (NAR) just announced the months’ supply of inventory increased for the first time in eight months. The inventory of existing homes usually grows every spring, and it seems, based on recent activity, the next 90 days could bring more listings to the market.
As a seller, listing now instead of waiting for this additional competition to hit the market makes sense. Your leverage in any negotiation during the sale will be impacted as additional homes come to market.
Home Prices Will Rise
Prices are always determined by supply and demand. Though the number of homes entering the market is increasing, buyer demand remains very strong.
What does that mean for you? With the demand for housing still outpacing supply in the Denver market, home prices will continue to appreciate. Many experts believe the level of appreciation will decelerate from the high double-digit levels we’ve seen over the last two years. That means prices will continue to climb, just at a more moderate pace. Most experts are predicting home prices will not depreciate.
Bottom Line
There are three things that seem certain going into the spring housing market:
Mortgage rates will continue to rise
The selection of homes available for sale will modestly improve
Home prices will continue to appreciate, just at a slightly slower pace
If you’re thinking of selling, your best bet may be to sell soon so you can beat the increase in competition that’s about to come to market.
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.
As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it. Here are a few examples.
Buy a Home That Fits Your Needs
If you no longer have the space you need, it might be time to move into a larger home. Or it’s possible you have too much space and need something smaller. No matter the situation, consider using your equity to power a move into a home that fits your changing lifestyle.
If you want to upgrade your house, you can put your equity toward a down payment on the home of your dreams. And if you’re planning to downsize, you may be surprised that your equity may cover some, if not all, of the cost of your next home. A real estate advisor can help you figure out how much equity you have and how you can use it toward the purchase of your next home.
Reinvest in Your Current House
According to a recent survey from Point, 39% of homeowners would invest in home improvement projects if they chose to access their equity. This is a great option if you want to change some things about your living space but you aren’t ready to make a move just yet.
Home improvement projects allow you to customize your home to suit your needs and sense of style. Just remember to think ahead with any updates you make, as some renovations add more value to your home and are more likely to appeal to future buyers than others. For example, a report from the National Association of Realtors (NAR) shows refinishing or replacing wood flooring has a high cost recovery. Lean on a local professional for the best advice on which projects to invest in to get the greatest return on your investment when you sell.
Pursue Your Personal Goals
In addition to making a move or updating your house, home equity can also help you achieve the life goals you’ve dreamed of. That could mean investing in a new business venture, retiring or downsizing, or funding an education. While you shouldn’t use your equity for unnecessary spending, leveraging it to start a business or putting it toward education costs can help you achieve other lifelong goals.
Bottom Line
Your equity can be a game changer. If you’re unsure how much equity you have in your home, connect with a real estate professional so you can start planning your next move!
The holiday season is a time of joy, warmth, and community spirit, and what better way to embody these values than through a festive gathering that brings neighbors and friends together? This year, Lark Realty Group had the pleasure of hosting a heartwarming holiday event in the charming neighborhood of Wash Park, Denver, Colorado. With a SOLD OUT attendance of over 80 people, the event was not just a gathering but a celebration of community, creativity, and the festive spirit.
A Sold-Out Success: Bringing the Wash Park Community Together
The overwhelming response from the community, with the event reaching its full capacity, was a testament to the neighborhood’s vibrant spirit and camaraderie. Families and friends of all ages gathered, filling the venue with laughter, joy, and the warmth of shared holiday cheer. It was truly inspiring to see the community come together, reinforcing the bonds that make Wash Park such a special place to live.
Unleashing Creativity: Gingerbread House Decorating
One of the highlights of the event was the gingerbread house decorating activity, which brought out the artistic side of both young and old. Participants delved into their creative reserves, constructing and adorning gingerbread houses with an array of colorful candies and icings. This activity was not just about the gingerbread houses; it was a reflection of the community’s creativity and the joy of creating something beautiful together.
A Magical Encounter: Santa Meet-and-Greet
Adding a sprinkle of magic to the festivities was the Santa meet-and-greet, a moment that illuminated the faces of children and adults alike. The opportunity to meet Santa added an extra layer of excitement and wonder to the event, creating memories that will be cherished for years to come.
A Gesture of Gratitude: A Free Event to Give Back
In the spirit of giving back to the community that has shown unwavering support, Lark Realty Group made this entire event FREE for all attendees. It was our way of saying THANK YOU and showing appreciation for the continued support of our clients and neighbors. This gesture of gratitude underscores our commitment to the community and our belief in the importance of giving back.
A Special Thanks to Ni Tuyo Restaurant
A HUGE shoutout goes to Ni Tuyo Restaurant for being the perfect host and venue for our holiday celebration. Their contribution helped make the event seamless and enjoyable for everyone, proving once again that great partnerships contribute to the success of community events.
More Than Just Real Estate: Building Memories and Togetherness
At Lark Realty Group, we believe that our role extends beyond real estate. We are dedicated to creating unforgettable experiences, fostering a sense of togetherness, and contributing to the fabric of our community. This holiday event was a reflection of our commitment to not just serving the real estate needs of Denver but also nurturing the bonds that make our neighborhoods thrive.
Join Us in Celebrating Community
We are grateful to everyone who joined us for this festive celebration and helped make it a resounding success. As we move forward, Lark Realty Group remains committed to being a pillar of the community, not just through our real estate services but through events and initiatives that bring us closer together.
Stay tuned for more events and gatherings as we continue to celebrate the spirit of community and togetherness in Denver. Happy holidays, and here’s to creating more cherished memories together!
Welcome to your dream townhouse located in the beautiful Conservatory Green neighborhood of Central Park. This newly painted, lovely home in Denver offers a unique blend of modern living and city convenience. The private main floor entry and attached garage provide an ideal balance of privacy and accessibility. The second floor of this townhouse is flooded with natural light and has mountain views from the kitchen window. The living room features a brick accent wall, adding a touch of rustic elegance to the space, making it the perfect spot to unwind or entertain guests. The open-concept kitchen features granite countertops, stainless steel appliances, and ample cabinet space. The eat-in dining area with wine wall is ideal for casual meals and entertaining. Step out onto your own private balcony overlooking the Conservatory Green Park, where you can enjoy your morning coffee, dine al fresco or simply soak up the sunshine. On the third level you will find two nicely sized bedrooms, one with a walk-in closet and new energy efficient and black-out Hunter Douglas shades. A shared full bath in the hallway completes the upstairs layout. The location is absolutely fantastic! With easy access to the new shops and restaurants at The Shops at Northfield, I-70, downtown Denver, the University of Colorado Anschutz campus, and numerous connecting parks, trails and open space, you’ll enjoy the best of what Denver has to offer right at your doorstep. As an added bonus, privately maintained pocket park areas within the vicinity of the Central Park neighborhood host music concerts, movie nights, and farmers markets, providing you with endless entertainment options. Whether you’re looking for a full-time residence or a lock-and-leave option for frequent travelers, this townhouse offers the flexibility you desire. Don’t miss your chance to own this exceptional Denver home that combines the best of modern living, city convenience, and a touch of nature – schedule your showing today!
In the wake of Proposition HH’s recent defeat at the ballot box, Colorado’s Democratic Governor, Jared Polis, took action by calling a special legislative session. The defeated proposition, which had been introduced earlier in the year and referred to voters by lawmakers, aimed to implement a gradual reduction in property tax rates over the course of a decade while exempting a portion of a home’s assessed value from taxation. Although the proposition was rejected, it sparked crucial discussions and paved the way for Senate Bill 23B-1, an effort toward providing property tax relief for homeowners throughout the state.
Senate Bill 23B-1: Property Tax Relief for Colorado Homeowners
The cornerstone of the Democrats’ legislative effort is Senate Bill 23B-1, which addresses property tax relief for Colorado homeowners. This bill introduces two significant changes aimed at easing the property tax burden on residents.
1. Reduced Residential Assessment Rate
For the 2023 tax year, Senate Bill 23B-1 reduces the residential assessment rate from 6.765% to 6.7%. While this reduction may appear incremental, it translates into savings for homeowners, particularly in light of the rising property tax rates.
2. Homeowner Exemption
Another key provision of the bill is the introduction of a homeowner exemption, allowing homeowners to exclude $55,000 of their home’s value from taxation. This exemption equates to approximately $430 million in property tax relief, providing tangible financial support to Colorado residents. Senate Majority Leader Steve Fenberg underscored the significance of these measures, stating, “We’re talking hundreds of dollars for the average homeowner. That’s real money for a lot of people who are struggling—for people on fixed incomes, for seniors.”
It’s important to note that, despite these measures, property taxes will still experience a slight increase for homeowners in the upcoming year. However, the bill ensures that essential services such as schools, fire departments, hospitals, and ambulance authorities will be fully reimbursed for any revenue losses resulting from lower tax rates. Local governments will also receive partial reimbursements, depending on the growth of their assessment values.
Conclusion
Senate Bill 23B-1 represents a significant step forward in addressing the property tax concerns of Colorado residents. SB23B-1 was sponsored by Fenberg, Sen. Chris Hansen of Denver, House Speaker McCluskie of Dillon and Rep. Chris deGruy Kennedy of Lakewood, all Democrats.
In the wake of Proposition HH’s recent defeat at the ballot box, Colorado’s Democratic Governor, Jared Polis, took action by calling a special legislative session. The defeated proposition, which had been introduced earlier in the year and referred to voters by lawmakers, aimed to implement a gradual reduction in property tax rates over the course of a decade while exempting a portion of a home’s assessed value from taxation. Although the proposition was rejected, it sparked crucial discussions and paved the way for Senate Bill 23B-1, an effort toward providing property tax relief for homeowners throughout the state.
Senate Bill 23B-1: Property Tax Relief for Colorado Homeowners
The cornerstone of the Democrats’ legislative effort is Senate Bill 23B-1, which addresses property tax relief for Colorado homeowners. This bill introduces two significant changes aimed at easing the property tax burden on residents.
Reduced Residential Assessment Rate
For the 2023 tax year, Senate Bill 23B-1 reduces the residential assessment rate from 6.765% to 6.7%. While this reduction may appear incremental, it translates into savings for homeowners, particularly in light of the rising property tax rates.
Homeowner Exemption
Another key provision of the bill is the introduction of a homeowner exemption, allowing homeowners to exclude $55,000 of their home’s value from taxation. This exemption equates to approximately $430 million in property tax relief, providing tangible financial support to Colorado residents. Senate Majority Leader Steve Fenberg underscored the significance of these measures, stating, “We’re talking hundreds of dollars for the average homeowner. That’s real money for a lot of people who are struggling—for people on fixed incomes, for seniors.”
It’s important to note that, despite these measures, property taxes will still experience an increase for homeowners in the upcoming year. However, the bill ensures that essential services such as schools, fire departments, hospitals, and ambulance authorities will be fully reimbursed for any revenue losses resulting from lower tax rates. Local governments will also receive partial reimbursements, depending on the growth of their assessment values.
Conclusion
Senate Bill 23B-1 represents a significant step forward in addressing the property tax concerns of Colorado residents. SB23B-1 was sponsored by Fenberg, Sen. Chris Hansen of Denver, House Speaker McCluskie of Dillon and Rep. Chris deGruy Kennedy of Lakewood, all Democrats.
Welcome to your dream home in the vibrant Parker community! This beautiful property offers the perfect blend of luxury living, comfort and entertainment. Stepping through the door you are immediately drawn to the elegant foyer, sweeping staircase and vaulted ceiling in the great room. The gourmet kitchen is a chef’s dream, featuring a charming kitchen nook, a generously sized island with exquisite quartz countertops, and high-end stainless steel appliances. The main floor also includes a lovely bedroom with an ensuite bathroom, offering privacy and convenience for guests or multigenerational living. Working from home? You will find an additional office/studio space that’s perfect for co-working or pursuing your creative passions. Head upstairs to discover a loft area and two nicely sized bedrooms with walk-in closets that share a beautifully appointed bathroom with dual sinks. A catwalk leads you to the primary bedroom, offering a private retreat with a dual vanity and an incredible walk-in 12′ dual shower configuration. An adjacent laundry room adds convenience to your daily routine. The custom finished basement is an entertainer’s paradise! It features a bar for crafting cocktails, a built-in theater, an exercise room with mirrored wall, and gaming area. An additional office/bedroom with a steam shower adds versatility and comfort to the space. This residence is more than just a home; it’s a lifestyle. Every detail has been meticulously crafted to provide the utmost in comfort and luxury. The nearby clubhouse in Sierra Ridge offers a playground, pool, and seasonal food trucks. Don’t miss the chance to make this extraordinary property your own!
