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Denver’s real estate market is calmer, not cheaper

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Denver’s real estate market is calmer, not cheaper


Illustration: Sarah Grillo/Axios

Indicators of a slowing housing market persist within the Mile Excessive Metropolis, in response to the most recent information from the Denver Metro Affiliation of Realtors.

Why it issues: After two-plus years of plummeting stock and sky-high house costs, Denver consumers have waited a very long time for a bit aid.

Sure, however: Rising borrowing prices are inflicting consumers to reevaluate their buying energy every day, native Realtors say.

What’s taking place: “We’re beginning to transfer right into a balanced market,” Libby Levinson-Katz, chair of DMAR’s market traits committee, stated.

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  • Present consumers have extra houses to select from, and competitors has eased. However the leap in mortgage charges has priced some of us out of the market, Levinson-Katz stated.

By the numbers: Stock jumped 93.5% in comparison with this time final yr, per the Denver Metro Affiliation of Realtors’ market traits report for September.

  • In the meantime, pending gross sales are down 27.9% year-over-year.
  • The median gross sales value rose 9.4% year-over-year, however it’s fallen in current months.
  • In Could, the median gross sales value was $615,000 and in September it was $580,000.

Sellers aren’t getting 100% of their asking value anymore. On common, houses bought for 98.9% of the record value in September 2022.

  • This time final yr, houses have been promoting for 101.9% of the itemizing value.
  • Almost 60% of Denver-area sellers dropped their asking costs in July.

Properties are sitting in the marketplace longer, too. In September 2022, houses bought in 26 days on common, in comparison with 13 days in September 2021.

What’s subsequent: The market is correcting — not crashing, Levinson-Katz stated.

  • After the usually quiet vacation season, she expects to see costs flatten out and the times on market proceed to extend.



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Denver, CO

2 ex-Broncos players have signed with new teams

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2 ex-Broncos players have signed with new teams


Two former Denver Broncos players found news homes on Thursday.

Former Broncos defensive lineman Mike Purcell signed with the New England Patriots, and ex-Denver wide receiver Marquez Callaway signed with the New Orleans Saints.

Purcell, 33, played for the Broncos from 2019-2023, totaling 166 tackles, 14 quarterback hits and 2.5 sacks in 65 games (37 starts). He played 462 snaps on defense last season. Denver signed defensive lineman Malcolm Roach during free agency and acquired John Franklin-Myers in a trade with the New York Jets this spring, beefing up their defensive line.

Callaway, 26, went to training camp with the Broncos last summer after spending the first three years of his career with the Saints. He spent time with the Las Vegas Raiders and New Orleans after being cut by Denver last year. Callaway was cut by the Pittsburgh Steelers earlier this week and has now returned to the Saints for the third time in his career.

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There are now four ex-Broncos players who remain unsigned free agents: safety Justin Simmons, cornerback K’Waun Williams, offensive tackle Cam Fleming and running back Dwayne Washington.

Broncos unsigned free agents

DB Justin Simmons (30)

CB K’Waun Williams (32)

OT Cam Fleming (31)

RB Dwayne Washington (30)

The most notable unsigned former Denver player is Simmons, a four-time All-Pro and two-time Pro Bowler. We’ll see if Simmons lands with a new team before the regular season begins in September.

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Wildfires encroach on homes near Denver as heat hinders fight

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Wildfires encroach on homes near Denver as heat hinders fight


Flames rise amid the billowing smoke from a wildland fire burning along the ridges near the Ken Caryl Ranch development Wednesday, July 31, 2024, southwest of Littleton, Colo. Credit: AP Photo/David Zalubowski

A wildfire on the edge of metro Denver crept within a quarter-mile of evacuated homes, but authorities said Thursday morning they were hopeful to save hundreds of threatened residences as they grapple with sweltering temperatures and firefighters suffering heat exhaustion.

The fire was among several threatening heavily populated areas of the Colorado foothills, including one in which a person was killed earlier this week.

Almost 100 large fires are burning across the western U.S. The largest—Northern California’s Park Fire—has burned more than 400 houses and other structures, officials reported Thursday.

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New large fires were reported in Idaho, southeast Montana and north Texas.

The Quarry Fire southwest of the Denver suburb of Littleton encroached on several large subdivisions. Neighborhoods with nearly 600 homes were ordered to evacuate after the fire of unknown origin spread quickly overnight Tuesday.

The fire had been held to less than a half-square mile (1.4 square kilometers) with no houses yet destroyed, authorities said. But officials said it remained a major danger with hot temperatures expected Thursday.

Five firefighters were injured Wednesday, including four who had heat exhaustion, said Mark Techmeyer with the Jefferson County Sheriff’s Office.

Just to the north near the city of Lyons, Colorado, officials reported making progress on the Stone Canyon Fire that has killed one person and destroyed five houses. The cause is under investigation.

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  • Wildfires encroach on homes near Denver as heat hinders fight
    Onlookers gather at a roadblock to watch as a wildfire burns in the mountains near the Ken Caryl Ranch development Wednesday, July 31, 2024, southwest of Littleton, Colo. Credit: AP Photo/David Zalubowski
  • Wildfires encroach on homes near Denver as heat hinders fight
    Helicopter heads toward a ridge to make a water drop on a wildland fire burning near the Ken Caryl Ranch development Wednesday, July 31, 2024, southwest of Littleton, Colo. Credit: AP Photo/David Zalubowski
  • Wildfires encroach on homes near Denver as heat hinders fight
    Onlookers gather at a roadblock to watch as a wildfire burns in the mountains near the Ken Caryl Ranch development Wednesday, July 31, 2024, southwest of Littleton, Colo. Credit: AP Photo/David Zalubowski
  • Wildfires encroach on homes near Denver as heat hinders fight
    Flames rise amid billowing clouds of smoke as a wildland fire burns over ridges near the Ken Caryl Ranch development, Wednesday, July 31, 2024, southwest of Littleton, Colo. Credit: AP Photo/David Zalubowski

California’s Park Fire continued to grow, covering about 610 square miles (1,590 square kilometers) as of Thursday morning. That’s more than 25 times the size of New York’s Manhattan Island.

Losses also increased. The latest updates tallied 437 structures destroyed and 42 damaged, according to Cal Fire. The fire was 18% contained.

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Wildfires encroach on homes near Denver as heat hinders fight (2024, August 1)
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14-year-old charged with Denver murder was repeatedly released from custody in prior case, wanted for arrest at time of shooting

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14-year-old charged with Denver murder was repeatedly released from custody in prior case, wanted for arrest at time of shooting


The 14-year-old boy charged with killing a Denver bar bouncer last month was repeatedly released from custody in a preceding juvenile case over the objection of prosecutors who thought he posed a danger to the community, according to court records obtained by The Denver Post.

The teenager was also wanted on a warrant at the time of the killing that would have kept him temporarily jailed without bond had he been arrested, records show.

The teen, whom The Post is not naming because he is a juvenile, is charged with first-degree murder in the killing of 49-year-old William “Todd” Kidd on July 10 outside the Federales Denver bar at 29th and Larimer streets in Denver’s River North Arts District.

Kidd, who worked at the bar, was intervening in a disturbance when he was shot, police have said. He died two days later on July 12.

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The teenager’s journey through Colorado’s juvenile courts highlights how the system is designed to keep children out of custody through a focus on pretrial release and a statutory cap on the number of kids who can be incarcerated in the state — an approach supporters hail as the best way to help vulnerable youths, but critics decry as soft on crime.

“The vast majority of kids going through the system are not safety risks to anybody,” said Emma Mclean-Riggs, senior staff attorney at the American Civil Liberties Union of Colorado. “Sometimes these cases are used as leverage to produce more incarceration of children when there is not sufficient context.”

George Brauchler, a former district attorney and current Republican candidate for district attorney in the 23rd Judicial District, said while he understands the juvenile justice system’s aim to keep kids out of detention, the approach can be detrimental to both youths and broader community safety.

“We have gone so far off the deep end of the criminal justice reform spectrum that we are rolling the dice for a lot of communities because it makes us feel good about how we are treating kids,” he said.

Charged with stealing cars

The 14-year-old boy was arrested on charges of stealing cars in Douglas County in December and again in Adams County in January, court records show.

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In Douglas County, he was charged in juvenile court with motor vehicle theft, conspiracy to commit motor vehicle theft, criminal mischief and false reporting, said Eric Ross, a spokesman for the 18th Judicial District Attorney’s Office. He declined to comment further.

In Adams County, the 14-year-old was charged in juvenile court with motor vehicle theft, resisting arrest, vehicular eluding and obstructing a police officer. Chris Hopper, spokesman for the 17th Judicial District Attorney’s Office, declined to comment on the case.

In the Adams County case, the boy on multiple occasions violated the conditions of his personal recognizance bond, records obtained by The Post show. He sometimes missed required meetings, violated his GPS monitoring and struggled to keep his GPS unit charged.

Personal recognizance bonds allow defendants to be released from custody on the promise they will return to court, rather than requiring defendants to pay money as collateral before their release. In 2021, state lawmakers required that all bonds set in juvenile cases be personal recognizance bonds.

“There was kind of a universal understanding that holding kids because their families are poor doesn’t make any sense,” Mclean-Riggs said of the 2021 change.

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In late April, Adams County prosecutors filed a motion to revoke the boy’s bond after a fifth bond violation report was filed in the case, the records show.

The teen was arrested, and during a court hearing on May 1, his attorneys asked that he be released on bond into his mother’s custody. Prosecutors objected, citing “community safety concerns” because of his GPS violations, the records show.

Magistrate Michal Lord-Blegen granted a personal recognizance bond with several conditions, including that the teenager remain on GPS monitoring, attend school and therapy, and stay away from weapons, drugs and alcohol.

Just over two weeks later, another bond violation report — the seventh overall — was filed in the case, records show. Prosecutors once again sought to revoke the boy’s bond, and the boy was arrested again.

On May 17, Lord-Blegen again allowed the teenager to be released from custody, again over the objection of prosecutors who sought for the boy to be held with no bond.

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On May 28, the 14-year-old ran away from home on his way to court, according to the records. Two days later, Lord-Blegen issued a warrant for his arrest and ordered the boy be detained on a no-bond hold when he was taken into custody.

But the teenager was not arrested again until July 16 — days after Denver police allege he shot and killed Kidd. Officers found the boy in Casper, Wyoming, police have said.

The records obtained by the Post do not specifically indicate why the magistrate issued the personal recognizance bonds, but do note that the teenager had been attending therapy, was referred to a mentor and, until the homicide, was not arrested on new charges, only on bond violations. Lord-Blegen could not be reached for comment Wednesday.

The 14-year-old boy appeared in juvenile court Tuesday for a hearing in the Denver homicide case, but a judge closed the courtroom to the public after learning that members of the media were in attendance.

A focus on rehabilitation

Juvenile court operates differently than adult court and is designed to focus on rehabilitation and the child’s best interests, rather than punitive measures, attorneys told The Post. All of the attorneys who spoke with The Post were not familiar with the teenager’s case and spoke generally about juvenile justice.

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Judges can hold a child in detention without a bond if they find the child poses a substantial risk of harm to others and community-based alternatives to incarceration will not work, state law says.

But the presumption in juvenile court is that the young defendants should be released from custody whenever possible, because childhood incarceration has been proven so harmful to youths, Mclean-Riggs said.

In cases involving property crime — like motor vehicle theft — and not violent crime, youths typically will be released on bond while their cases are pending, said Tally Zuckerman, a Denver criminal defense attorney.

“I would honestly be shocked if a kid was held on a no-bond hold for a motor vehicle theft,” she said.

Children are also given extra leeway for bond violations, she added, particularly for violations like missing school or returning a positive drug test that don’t involve violence or new crimes.

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Technical violations of bond often are not a good indicator of a person’s level of threat to a community, said Tristan Gorman, policy director for the Colorado Criminal Defense Bar.

“That happens a lot with people who are poor, people who don’t have transportation, people with mental health issues or any number of things,” she said. “But it also happens a lot with teenagers who don’t have a fully developed frontal lobe. So… if it is mostly about GPS and check-ins, that is not really indicative of, is this kid safe in the community?”

Brauchler said the leeway given to youths in juvenile court has in some cases swung too far toward rehabilitation and away from accountability.

“I want us to be rehabilitation-focused where appropriate, and that applies to 98, 99% of juvenile cases,” he said. “But the rest of them, we have to have the tools in the toolbox to treat them more seriously.”

Juvenile bed cap

Colorado lawmakers have passed a series of laws over the last two decades aimed at limiting the number of juveniles held in the state’s juvenile detention centers, citing the long-term harm of childhood incarceration.

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Legislators first set a cap on the number of youths who could be detained statewide in 2003, limiting the number of available beds for juvenile detention to 479. That cap has been steadily lowered — most recently in 2021 to 215 beds. Lawmakers also allowed for an additional 22 temporary emergency beds that become available if the state hits its juvenile detention limit.

The bed cap has drawn ire in recent years as the state has neared the limit, with some prosecutors, law enforcement officers and politicians saying the ceiling pushes children who should be detained back into the community.

“From a pure logical standpoint, it makes no sense,” Brauchler said. “It takes a fixed number — not a percentage of juveniles in the state, not a percentage of juveniles in the system, not a percentage of crime, not a percentage of anything — it’s a fixed number of beds statewide, regardless of the amount of criminal activity that takes place by juveniles or the risk they pose to the community.”

Some children would be better off in detention than in their home environment, where they might face the same pressures that led to the first crime and be more likely to re-offend, said Aurora City Councilman Dustin Zvonek, who last year championed a city resolution asking the state to abolish the juvenile detention bed cap.

“They’re still little kids,” he said. “And to be running around neighborhoods with a weapon, running from SWAT officers, it’s hard to wrap your mind around — but it is a reality we face, and so we have to have a system in place that protects the Aurora community.”

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Mclean-Riggs said children who end up in the juvenile justice system have typically first been failed by myriad other systems — from education to welfare to health care — and that a holistic approach is needed, rather than a reactionary turn to incarceration.

“The place to intervene effectively for these children is years before they touch the criminal legal system,” she said “…The view that says the answer here is pretrial detention is myopic and is not accounting for all of the other systems that were supposed to hold and intervene for this child and his family.”

It’s not clear whether the bed cap played a role in the 14-year-old’s releases in Adams County.

On the morning of May 1, when he was released on bond after it was revoked, the state had 213 juveniles in detention, said Heidi Bauer, spokeswoman for the Division of Youth Services, just under the 215 limit.

On May 17, the second time he was released after a revocation, 204 juveniles were in detention at the start of the day.

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Bauer noted the number of filled beds frequently fluctuates. Over the last six months, the state’s average daily juvenile detention population has hovered between 185 and 206 youths.

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