Has the Market Officially Cooled? With prices coming down and a possible recession looming, what can we expect?

Masters Real Estate • August 18, 2022

Have we peaked?



Has the Market Officially Cooled?


Let’s go back in time for a moment. It’s February 2022, you are out looking for a house, and find there are four other groups looking at the house your broker selected. You think, that's odd, why are there so many people here? You decide to make an offer at the asking price. Later in the day, you hear back from your broker and the house has 6 other offers. What? Why are there that many? What is the highest asking price? And, you say to yourself, I am not going to pay that much for that house! March comes around quickly, and you've looked at 15 houses. Amazingly you find that every single house you like is going for $100,000 above asking price! You are on the fence, do I spend $120,000 more than I want for this house? Do I waive the inspection all together? How much should the appraisal gap be? Is there any way I can purchase this home?


Well, if you didn't end up buying a property in the last 6 months, there is no wonder why. The last half of a year has seen a dramatic increase in pricing. in the real estate community. We have seen numbers we never dreamed of in this Colorado climate. We have gone from a middle-class community to bordering a luxury market. Some may be happy about this, and others not so happy, but one thing is for sure, we seem to have peaked. Now this doesn't mean you should panic, because there is nothing happening right now, things are just continuing as if normal. We are on the border of a recession, but the market (as far as real estate goes, buying, selling, renting) is business as usual. Homes are still near record highs, and things are looking very, neutral.


Is now the time to buy? Is now the time to sell? Those are good questions. With a lot just sitting on the line it would seem everybody is just wondering when the other shoe will drop and wondering in what direction that will push us in.


So, what to do now? It is still a great time to sell, we are seeing homes sit a little longer than say March, and we are still seeing prices 20% higher than we did 2 years ago. So, is it bad to sit on the market for a little while for that kind of return? Surely not. According to Denver Channel 7, “In June, the median price for a home was $810,415 – a 0.58% increase from a month prior and a 12.31% increase year-over-year."


Unfortunately, we can’t look at national trends because they don’t seem to apply to Colorado. If you find a great deal, take advantage of the opportunity, but don’t be in a hurry, if you don’t have to move immediately, don’t do it out of frustration.


You can always call one of our realtors here at RE/MAX Masters for advice on buying, selling, or creating an investment portfolio in the form of rental properties.  


RE/MAX Masters Property Management

Add your custom HTML here

Share this post

By Masters Real Estate December 18, 2025
Owning property in Colorado comes with incredible perks—stunning views, four distinct seasons, and strong rental demand. But our unique climate also brings specific maintenance challenges that property owners can’t afford to ignore. From heavy snowfall and freeze-thaw cycles to intense sun exposure and wildfire risk, proactive maintenance is essential to protecting your investment. As a Colorado-based property management company, we help owners stay ahead of costly repairs by focusing on the maintenance items that matter most. Here are the key areas every Colorado property owner should be thinking about year-round.  1. Roof and Gutter Maintenance (Especially After Winter) Colorado weather can be tough on roofs. Snow accumulation, ice dams, hail, and high winds all take their toll. What to prioritize: Annual roof inspections, ideally in spring Checking for missing or damaged shingles after storms Clearing gutters and downspouts to prevent ice dams and water intrusion Ensuring proper attic ventilation to reduce moisture buildup Neglecting roof and gutter maintenance can lead to leaks, mold, and structural damage—issues that are far more expensive than preventative care. 2. Freeze Protection for Plumbing Systems Freezing temperatures are a reality across much of Colorado, and frozen pipes are one of the most common (and damaging) winter emergencies. Key preventative steps: Insulating exposed pipes, especially in crawl spaces and garages Disconnecting and winterizing outdoor hoses and irrigation lines Ensuring tenants know how to maintain minimum indoor temperatures Locating and clearly labeling the main water shutoff valve A single frozen pipe can cause thousands of dollars in water damage, making winter plumbing prep a top priority. 3. HVAC Servicing for All Four Seasons Colorado properties rely heavily on both heating and cooling systems throughout the year. Best practices include: Furnace servicing before winter begins Air conditioning inspections before summer Regular filter changes to improve efficiency and air quality Checking carbon monoxide detectors and ventilation systems Routine HVAC maintenance not only extends equipment life but also reduces energy costs and emergency repair calls. 4. Exterior Maintenance and Sun Exposure Colorado’s high altitude means stronger UV exposure, which can accelerate wear on exterior materials. Pay close attention to: Fading or peeling paint and stain Cracked or warped siding Deteriorating caulking around windows and doors Decks and fences exposed to direct sunlight Maintaining exterior surfaces protects your property from moisture intrusion and preserves curb appeal—especially important for rental homes. 5. Snow Removal and Ice Management Plans Snow and ice aren’t just inconvenient—they’re liability risks. Property owners should ensure: Clear plans for timely snow removal Safe de-icing practices that won’t damage concrete or landscaping Roof snow load monitoring during heavy winters Clear tenant communication about responsibilities Slip-and-fall claims are one of the most common winter liabilities, and preparation is key to minimizing risk. 6. Foundation and Drainage Awareness Colorado’s freeze-thaw cycles and clay-heavy soils can impact foundations over time. Maintenance items to watch: Cracks in foundations or basement walls Proper grading that directs water away from the home Functional sump pumps where applicable Downspouts extending away from the foundation Early detection of drainage or foundation issues can prevent long-term structural problems. 7. Wildfire and Landscaping Considerations In many parts of Colorado, wildfire mitigation is an essential part of property maintenance. Important steps include: Maintaining defensible space around structures Removing dead vegetation and debris Trimming trees away from roofs and siding Choosing fire-resistant landscaping when possible These efforts not only protect the property but may also be required for insurance coverage in certain areas. 8. Routine Inspections and Preventive Maintenance The most successful property owners take a proactive—not reactive—approach. Regular inspections help identify: Small issues before they become major repairs Lease compliance and tenant-caused damage Safety concerns and code violations Long-term capital improvement needs A consistent maintenance schedule is one of the best ways to protect your property’s value and reduce unexpected expenses. How Professional Property Management Helps Staying on top of Colorado-specific maintenance can be overwhelming, especially for out-of-state or busy owners. A professional property management company coordinates seasonal maintenance, responds to weather-related issues, and ensures your property remains compliant, safe, and well cared for year-round. Proactive maintenance isn’t just about avoiding problems—it’s about protecting your investment, your tenants, and your peace of mind. If you’d like help managing maintenance for your Colorado property, working with a local property management team can make all the difference.
By Masters Real Estate July 1, 2025
When it's time to turn over a rental property in Colorado, few tasks are as important — and often overlooked — as carpet cleaning. Whether you're managing a small apartment in Denver or a single-family home in Colorado Springs, getting those carpets professionally cleaned before new tenants move in can make a significant difference in your rental’s appeal and long-term maintenance. How Much Does Carpet Cleaning Cost in Colorado? The cost of professional carpet cleaning in Colorado varies depending on the location, type of service, and size of the area, but here’s a general breakdown: Per Room Pricing: $30–$70 per room Per Square Foot Pricing: $0.20–$0.40 per sq. ft. Whole House Flat Rates: For an average 3-bedroom home, expect to pay between $150–$300 Masters Carpet Cleaning Here are our rates for carpet cleaning. We do this for our homeowners at lease turnover and like to keep our rates competitive and save our homeowners some money. $200 minimum charge $.30 per Square Foot $35 - Set of Stairs $50 - Pet Enzyme Deodorizer $50 - Stains (need to get chemicals and train on using iron) $50 - Scotch Guard Why Carpet Cleaning Is Essential During Tenant Turnover First Impressions Matter Clean, fresh-smelling carpets help make your rental look well-maintained and move-in ready. This sets a positive tone with new tenants and can help justify your rental rate. Protects Your Investment Dirt, grime, and pet dander build up over time, especially with heavy foot traffic. Professional cleaning helps extend the life of your carpet, saving you money on premature replacement. Health and Hygiene Carpets can trap allergens, bacteria, and dust mites. A thorough cleaning helps create a healthier environment for incoming tenants — especially important for those with allergies or children. Meets Legal and Lease Obligations Some cities and counties in Colorado encourage or require landlords to provide a clean and habitable unit at turnover. Carpet cleaning can be considered part of that standard. Security Deposit Disputes Tenants often expect that the carpet will be professionally cleaned before they move in. If it isn’t, and the carpet is already stained or smells of pets or smoke, you could face complaints or even disputes over deposits when they move out. Pro Tips for Landlords and Property Managers Schedule Ahead: Carpet cleaners often get booked up at the end of the month. Schedule as soon as you have a move-out date. Use the Same Vendor: Establishing a relationship with a local carpet cleaner can often lead to discounted rates and more reliable service. Add It to Your Move-Out Checklist: Ensure tenants understand that carpet cleaning may be deducted from their deposit if not done to professional standards. Document the Condition: Always take before-and-after photos. This protects both you and the tenant in case of disputes. Carpet cleaning isn’t just a “nice to have” — it’s a critical step in property turnover that protects your investment, improves tenant satisfaction, and helps maintain a professional standard across your portfolio. For the relatively low cost in Colorado, it delivers strong ROI and peace of mind.  Have questions about prepping your rental property between tenants or need help sourcing carpet cleaning vendors in your Colorado area? Drop a comment or reach out — we’re here to help!
By Masters Real Estate May 19, 2025
Understanding Denver Landlord Laws: A 2025 Guide for Property Owners Navigating Denver’s landlord-tenant laws is crucial for property owners to ensure compliance and maintain positive relationships with tenants. Recent legislative changes have introduced new responsibilities and protections, making it essential for landlords to stay informed. 🏠 Residential Rental Property Licensing in Denver As of May 3, 2021, Denver requires all residential rental properties—whether single-unit, multi-unit, or accessory dwelling units—to obtain a rental license. This initiative aims to uphold minimum housing standards and enhance tenant safety. To obtain a license, landlords must pass an inspection conducted by a third-party company. Renters can verify online if their residence is properly licensed. 🛠️ Warranty of Habitability: Tenant Protection Updates Effective May 3, 2024, Senate Bill 24-094 introduced significant changes to Colorado's warranty of habitability laws, enhancing tenant protections. Remedial Action Timelines : Landlords must initiate repairs within 72 hours for non-emergency issues and within 24 hours for conditions that materially affect health or safety. Completion Deadlines : Repairs should be completed within 14 days for standard issues and 7 days for emergencies, unless circumstances beyond the landlord’s control prevent timely completion. Tenant Notice : Landlords are considered to have notice of an issue if there is any written communication indicating the condition exists or may exist. Comparable Housing : If a unit becomes uninhabitable, landlords must provide a comparable dwelling unit or hotel room for up to 60 days. Record Keeping : Landlords are required to maintain records of all communications and actions taken regarding habitability issues. 🐾 Pet Ownership and Rental Policies Starting January 1, 2024, House Bill 23-1068 introduced new regulations concerning pets in rental properties: Pet Deposits : Landlords can charge a refundable pet security deposit up to $300 per pet. Pet Rent : Monthly pet rent is capped at $35 per pet or 1.5% of the monthly rent, whichever is greater. Insurance Considerations : Insurance companies cannot refuse coverage or increase premiums based solely on a dog's breed, unless the dog is known ⚖️ Eviction Protections and Lease Terminations House Bill 24-1098, effective in 2024, established stricter regulations for evictions and lease terminations: Just Cause Requirement : Landlords must provide a valid reason to evict a tenant or refuse to renew a lease, preventing arbitrary lease terminations. Retaliation Prohibition : Landlords are prohibited from retaliating against tenants who exercise their legal rights, such as reporting uninhabitable conditions. These protections aim to provide tenants with greater housing stability. 🏘️ Shared Housing and Occupancy Limits House Bill 24-1007, effective in 2024, removed restrictions on how many unrelated individuals can live together in a rental property. This change allows more flexibility for shared housing arrangements, helping families and roommates manage housing costs. 📃 Lease Agreement Restrictions Recent legislation has introduced limitations on certain provisions in residential lease agreements: Prohibited Clauses : Lease agreements cannot include waivers of the right to a jury trial or the right to pursue class-action claims. Utility Charges : Landlords cannot charge fees for utilities or services that are considered part of the rent. Fee Markups : Landlords can only mark up third-party service fees by 2% or $10 per month, whichever is less. 📌 Resources for Landlords Denver provides several resources to assist landlords in complying with local regulations: Residential Rental Property Licensing : Information on obtaining and maintaining a rental license. Tenant and Landlord Resources : Guides on tenant rights and landlord obligations. Business Licensing Center : Access to licensing applications and support. Staying informed about Denver's landlord laws is essential to ensure compliance and foster positive tenant relationships. By understanding and adhering to these regulations, property managers and landlords can contribute to a fair and equitable rental market in Denver. We stay on top of the laws so our homeowners down have to. Let us know if you need property management services!
Show More