Welcome to Off Market Denver May 2025 • Vol. 1 • Issue 1 The investor's shortcut to Denver real estate: stats that matter, trends that count, and properties that turn heads. Powered by Sheepdog Property Management. 📊 Market Vitals +17.9% MoM↑ Active Listings: 5,361 -3.8% YoY↓ Median Sale Price: $615,218   -3% YoY↓ Average Rent: $1,819 7%↑ Rental Vacancy (15-Year High)   +14.4% YoY↑ Pending Sales: 4,648 +18.2% YoY↑ Median Days on Market: 34 Days   +5.6% YoY↑ New Listings Added: 2,487 💬 What Denver Realtors Are Saying "Buyers are hunting for deals, but financing hurdles are slowing down the victory laps." — S.L., LIV Sotheby's "Smart investors are focusing more on rentability than raw appreciation." — C.P., RE/MAX Alliance "We're back to a market where seller concessions are expected, not optional." — K.M., Your Castle Real Estate "Vacancy upticks mean landlords have to fight harder on property condition and marketing." — J.R., Coldwell Banker Takeaway: Buyers have more power. Renters have more options. Landlords and sellers? Circle the wagons—or lower your expectations. Denver still shows resilience, but supply and demand shifts are real. 🔥 Property Manager Hot Take The rental market is getting more competitive. Great marketing and easy, turnkey showings are starting to matter more and more. Landlords often hate the idea of self showings—at first—but the data shows that concerns of abuse are greatly overblown. Self showing opens the door to more tenants, faster, when every application counts. At Sheepdog we have been strong proponents of this technology since it came out and continue to be—even more so now that vacancy is rising. 🏡 Listing of the Month: Midcentury Marvel Hilltop Neighborhood, 35 Eudora St — $3.69 million. Approximately 7,000 sq ft of midcentury madness: bright colors, designer furnishings, and a turquoise grand piano. View the listing here. 🏡 Listing of the Month: Modern Glass Marvel Cherry Hills Village, 14 Random Road — $8.5 million. 8,346 sq ft of sleek modern design: glass walls, a private pickleball court, pool and spa, and a glass staircase centerpiece. Sitting on 2.4 acres, it's a minimalist dream home for buyers who want to flex style, land, and square footage. View the listing here. 📊 Under the Radar Think iPhone photos are good enough? Think again. Listings with pro photos rent 32% faster (Zillow 2023 Rental Market Report). 📸 Maybe it's time to ditch the blurry shots? 📈 In Case You Missed It Downtown Denver's iconic towers sold for just $3.2M — from a former valuation of $176M. They're being turned into affordable housing. Hot Take: This one will be fun to watch. Very few operators have been able to do office towers successfully. Email your best idea of how to repurpose the towers and we will print some of the best in the next newsletter. We are voting for LazerTag. Winner will receive a $100 gift card to Bastien's. We will also forward on to the developers, in case they want to pivot. Submit Your Hot Take Sheepdog Property Management — ROI focused management for investors by investors.