Want to know why Denver’s housing market just saw its biggest monthly drop in new listings this year? November brought a shocking 41% plunge in Denver’s housing inventory, while Colorado Springs wasn’t far behind with a 36% decrease. But the real story isn’t just about vanishing listings.
Denver Real Estate Investing Podcast Host Chris Lopez sat down with a panel of Colorado real estate experts including Brandon Scholten from Keyrenter Property Management Denver, lender Troy Howell from Nova Home Loans, broker Jeff White, and Colorado Springs expert Jenny Bayless. Together they uncovered some surprising trends that paint a clearer picture of what’s really happening in our market.
Their findings? While home prices in Denver climbed nearly 5% to $706,000, the rental market is showing concerning signs. Property managers are reporting unprecedented increases in late payments, rising lease breaks, and some properties requiring 20% rent reductions to attract tenants. Even luxury apartment buildings are now offering up to two months of free rent to fill units.
But it’s not all doom and gloom. The panel revealed exciting developments like the first office-to-residential conversion project launching in Denver since the pandemic, with 10 similar projects awarded tax credits to create 1,169 new units across Colorado. Plus, they shared insider tips on winter buying opportunities and emerging strategies like medium-term rentals that savvy investors are using to optimize returns.
Join us for this in-depth market analysis as we explore what these trends mean for Colorado real estate investors heading into 2025. Our expert panel breaks down the latest data, shares real-world examples from their portfolios, and provides actionable insights for navigating today’s market conditions.
⏰ Timecodes ⏰
(01:40) Colorado Trends and Market Insights
(12:35) Medium-Term Rentals and Portfolio Analysis
(14:20) Softening Rents and Vacancy Rates
(28:14) Office to Residential Conversions
(32:00) Current Deals and Market Opportunities
(34:41) Optimizing Rental Portfolios
Links from Podcast
Keyrenter Property Management Denver: https://keyrenterdenver.com/
Nova Home Loans: https://troyhowell.novahomeloans.com
Colorado Springs Apartments Offer Concessions of Up to Two Months of Free Rent
DTC Office Conversion, Nine Other Colorado Housing Projects Awarded Tax Credits
Connect with our Guests:
Email Brandon Scholten: [email protected]
Email Troy Howell: [email protected]
- LinkedIn: Troy Howell
Email Jeff White: [email protected]
- LinkedIn: Jeff White
Email Jenny Bayless: [email protected]
- Denver November 2024 Real Estate Market Updates
- Colorado Springs & Pueblo November 2024 Real Estate Market Updates
Who is Keyrenter?
Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them.
Who is Nova Home Loans?
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
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