STANDARD BLADE B R I G H T O N
SERVING THE COMMUNITY SINCE 1903
75cI
VOLUME 119
Issue 33
WEEK OF AUGUST 18, 2022
Brighton discusses uses for land, buildings Colorado supply
of homes rises, prices still climb Ripple effects of inflation hits home BY ELLIS ARNOLD EARNOLD@COLORADOCOMMUNITYMEDIA.COM
Brighton’s first church, dating back to 1886, is located at 147 S. Main St. Councilors heard that renovating that building to make it more useful for special events could cost up to $300,000 while moving the city museum there could cost up to $600,000.
Council advised on potential uses for historic buildings, land BY SCOTT TAYLOR STAYLOR@COLORADOCOMMUNITYMEDIA.COM
Brighton could consider using its historic City Hall for more than non-profits, using a historic church as a new home for the Brighton museum and keeping a 31-acre parcel on Tower Road at Bromley Lane in reserve in case the city needs more athletic fields. Those were among the findings of a facilities assessment presented to the City Council on Aug. 9. Real estate consultant Brian Duffany presented the results of the study to councilors during their regular study session. City Manager Michael Martinez said councilors don’t need to take immediate action on
Brighton’s first church, dating back to 1886, is located at 147 S. Main St. Councilors heard that renovating that building to make it more useful for special events could cost up to $300,000 while moving the city museum there could cost up to $600,000.
SEE LAND, P4
PHOTOS BY SCOTT TAYLOR
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From June 2021 to June this year, the number of active listings for single-family homes in the Denver metro area jumped up by about 52%. Statewide, the number saw about a 43% uptick. But despite the larger pool of options, home prices continue to climb. The median sales price rose 11% statewide in that same time, and it increased by about 11% in the Denver metro area, where the median sales price sat at a staggering $647,500 as of June. The good news? The 11% price bump represents a notably smaller increase than Colorado had endured each month over the past year, according to a report by the Colorado Association of Realtors. The jump in the supply of available homes means buyers now have a better chance of purchasing a house, but prices in metro Denver and Colorado at large remain notoriously expensive. “The story here, just to be frank, is not that all the sudden the market has drastically changed — it’s that it mellowed out compared to 2021 and 2020,” said Matthew Leprino, a Realtor based in metro Denver. “The current state of Colorado’s housing market is not that different from 2019.” Already sky-high housing prices saw a spike after the early days of the coronavirus pandemic, but the effects of inflation now appear to be pressing the brakes on homebuying — at least partly. “As fears of inflationary pressures reach households through SEE MARKET, P10
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