How to make staycation better than vacation

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8 ways to make your staycation feel like a getaway.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=cba2ca14bd2941caa61cc8abd7dd2243&_e=LyWNpnztopOHjVJeOQJ323jACKQkm7LPlg5hXPnLHgybK3A_XeVggsarmxQ7V32bpVPkVihbuPD81oRIW1i9123Ugvr3CLMm3bPwnv1zJFQj99GTMzvPZ4T-P2OA5jZ3ksu5dECgElA9n7ekbu577cp--QijXwCtf4HhvOnp8RP84usKb4mbRM4hFq2vl7Pp

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Denver Market Watch with 2020 Vision 07/07/2020

Wow!  It’s gone!  The first half of 2020 is just gone.  Can you believe it?

The Cryers have been very fortunate, very fortunate!  We continue to navigate the Age of Covid with great success.  We have been vigilant, and we have followed a regimen of common sense.  I am sure luck plays into every grouping and individual’s success at avoiding the virus, but we minimize trips to the store, we are masked, we have followed all of the State, Local and Company Mandates regarding safety precautions.  We have only shown property to other masked and vetted buyers, and we’ve sat at quite a few kitchen tables in masks.  And, as I sit here composing this post, I have to feel grateful.  It’s a good life.

Once again, the this week’s MLS numbers do not lie.  WE are treading on hallowed ground if you are a seller!  Low inventory, a continuous supply of buyers and interest rates nudging the market trend during the midst of a pandemic.  Who knew?

New Listing (1178). This is not enough listings to supply the market.
Coming Soon (232)
Back On Market (309)
Price Increase (236)
Price Decrease (961)
Pending (2008). This is a mid-season number if I’ve ever seen one!
Withdrawn (173)
Leased (105)
Closed (2087). Once again, this is a mid-season number.
Expired (419)

Supply is LOW and Demand is HIGH.  There is just no other way to express what is happening in the #DenverResidentialMarket.

If you are considering a residential change …

Dee and I are here for you. TheCryerTeam@Kentwood.com 303-773-3399

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Denver Market Watch/MyTownCryer | Late June 2020

Your monthly source for community and real estate news.

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Denver Market Watch with 2020 Vision 06/30/2020

We’ve become a #Hashtag world.  If it’s more than 140 characters, it most likely will not be read, seen or impactful.  But, I love doing these weekly updates; They keep me current, hopefully it gives you something to talk about, and last but not least, I always enjoy it when you pick up the phone because it was a conversation starter!

So let’s dive right into it!  Can I say, “More of the same”?  In a world so fractured, it is fantabulous I’m able to come to you with a weekly report and say, “More of the same”!  But it is #MoreoftheSame!  We are clearly rolling into the same seasonal data stream I would have been reporting in 2018, and 2019.  “We don’t have enough supply, pending properties are in some respects are above seasonal norms and closings have grown to a point equal to or greater than previous years on a weekly basis.”  As a result, “it’s a good life”.

MLS Weekly Market Watch

New Listing (1358) This is a low weekly numbers, but good for sellers!
Coming Soon (149)
Back On Market (320)
Price Increase (271)
Price Decrease (1114)
Pending (2044)  This is such a good number!
Withdrawn (202)
Leased (111)
Closed (1680) This is a strong number for the summer season.
Expired (180)

Why is 1,680 Closings a good number?  If you multiplied 1,680 X 52 Weeks the result would be 87,360 Transactions.  Our MLS number rarely if ever gets to 60,000 transactions in a year.  1,680 Closings is a big week!

We have some exciting new listings coming up for the second half of 2020.  Dee and I have been busy behind the scenes talking to our potential buyers and sellers regularly, and they are seeing the light at the end of the tunnel, and we can’t wait to show you what’s next.

While you are waiting for this new stuff, we have received an incredible price strategy for (Click Here) 790 International Isle Drive, and we believe it is worth another look.  At just $1,725,000 right now, it is a super bargain and well below its replacement cost.

As always, we are real estate busy everyday.  So far in 2020, our transaction volume has been more than double the office average and more than 5 times the average found in our MLS.  How can that be?, you ask.  Dee and I embraced technology early and often.  We became expert at selling a listing with FaceTime years ago.  In today’s world, everyone is under huge time constraints, and visiting a property “at large” has become the de rigueur particularly in the Covid Age.

Street SceneIf you would like to learn how we can protect your home as a new listing or if you would like to find your next home without fear of the Covid, we’ve been there and done that.

TheCryerTeam@Kentwood.com  and 303-638-3202.

 

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Da ‘burbs 2020

Suburban Strength
In 2010/11, US cities grew 1.07% while suburbs grew 0.91%, a difference of 0.16 percentage points. That gap peaked at 0.25 in 2011/12 when cities grew 1.17% and suburbs 0.92%. The growth gap persisted for three more years but narrowed. By 2014/15, cities grew 1.03% while suburbs expanded by 0.95%. Since then suburbs have steadily bested cities and by steadily widening margins. In 2018/19 cities grew 0.31%, suburbs by 0.65%.Econ70 – Home of GraphsandLaughswww.econ70.comElliot F. Eisenberg, Ph.D.elliot@graphsandlaughs.net

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5 homes that bring the color in a big way

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Inside or outside, Pride is Pride.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=a9cfedc89d454b6ea5126993109185f1&_e=0_yoN7ta1Icugg0ieuXgJVRk39bBc0TY5s86CyW7ZEAHqf3wQ_9kbxkqdCjh4ALGbBrpsXvWv3nbOG9OU0i6BXyLYDC8rC6FURejCRQWQUyCMaoHlH1Jmh8TL0nweu-6ujUj7phoK_VN6NC807WxGCkxTGV5o0zdiTYD1xJr_aV1SxHgkb9q4-cIEXQFkv5F

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Denver Market Watch with 2020 Vision 06/23/2020

Cryer Team ResizedWith the number of closings mounting new heights every week, it is clear, the Denver Residential Market is back on track and racing toward a sellers’ market one more time.  Rates, limited supply and economic growth are the catalysts.  Additionally, there is no immediate end in sight to these three support vehicles!

New Listing (1324) New Listing Count is still lagging behind market demands.
Coming Soon (187)
Back On Market (330)
Price Increase (313)
Price Decrease (1170)
Pending (2080)  This is such a strong number.  Buyers are BUSY!
Withdrawn (202)
Leased (112)
Closed (1594)  This has become a typical seasonal number; very strong!
Expired (244)

IMG_0355What are we experiencing in our own practice?  We are observing sellers getting ready to dip into the market.  Covid-19 fears are diminishing, and sellers are maybe not so fearful of “strangers” in their homes, they still need to get on with their lives.  Buyers, albeit tentative in some circles, those with plans and family goals are clearly making this “The Time” to move forward.

The state flower is in bloom again, summer appears to be here again, and the market is opening up again.  If it is your time to start the dialogue about what your future will bring on the “Home Front”, please do not hesitate to pick up the phone, text or email us.  Dee and I are ready to lend our insight and help you along your journey.  The water is warm, step in and we will keep you afloat.

You can always reach us at TheCryerTeam@Kentwood.com or 303-638-3202.

 

 

 

 

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Is now a good time to buy a home?

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6 factors to consider as you plan your next move.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=99fb1b0dae5e42039a05a63592ced0d8&_e=qmVFIZKN4WRP_VE2fPnvFIs3fDEXYeuu1E7vHHQgo_JMFvy1kSvW2YxeaRBM89dj5EcmfsnwKSyFuMUPxYukNMxYIIZ7ze2BKmEN-EY9TJVOrxvfAm7PpxHJTNkalmusT_5OEUvYbMxa7A02dHFsR4M5kGIejUCwgIU4D7Y0mtjHE49sWn1HqjPiCqxr51px

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Ask Questions, Be Diligent, Homeownership!

5 KEY QUESTIONS FOR BUYERS AND SELLERS 

  1. How is the COVID-19 crisis affecting prices? Tight housing supply, a factor in pushing prices up in high-demand markets like Northern Colorado, will be a factor in keeping prices flat in our region in the near future. That’s the forecast from Lawrence Yun, chief economist for the National Association of Realtors. Nationally, Yun expects a mostly stable market for the rest of the year.
  2. Is it the right time to get in the market? Logically, demand will slow. Still, we continue to see activity in our area. In fact, many see real estate as a safe haven from riskier investments. If you’re thinking of buying or selling, our advice is two-fold. First, know your goals – i.e., do you need to move by a certain time? Next, work with a trusted advisor to decide if now is the time to act.
  3. Will interest rates go down? Rather than lean on predictions, we encourage you to act on what we know today – that interest rates are at historic lows. Better to seize upon the certainty. And keep in mind that for every 1 percent difference in rates, your purchasing power goes up or down by 10 percent.
  4. Will the housing market suffer any long-term damage? We think the answer is no. Housing is one of life’s three basic needs (food, clothing, shelter), and people will always buy and sell real estate. When the stay-at-home and safer-at-home orders are lifted, we believe many clients who postponed decisions will be eager to act.
  5. Should I wait to buy? Truthfully, the best person to answer that is you. But remember, two core fundamentals hold true. First, housing is one of the best investments you can make. Home has never been more important than now. Second, more retirement wealth comes from real estate equity than any other investment. Why wait on getting started?

Matt Thompson, The Group; Thank You!

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Denver Market Watch with 2020 Vision 06/16/2020

Good Morning Everyone!

This Denver residential market appears to have been a locomotive just slowing down for a quick stop, because it is clearly back on track to a full seasonal swing and maybe more.  Take a look at this week’s numbers!

New Listing (1391) This number represents a shortage!
Coming Soon (177)
Back On Market (287)
Price Increase (353)
Price Decrease (1149)
Pending (2105)  This is a fantastic seasonal number!
Withdrawn (202)
Leased (107)
Closed (1420)  WE are still forming the end game, but still a bright spot here.
Expired (186)

Long story short, this market is healthy.  In spite of the events surrounding 2020, Denver’s Residential Market is not letting its self become a victim.  It holds its head up high and proud.  The water is warm, it’s time to jump in!

Rimrocker AspensAs you know, I like to editorialize a little each week.  This week, I want to report back about my observations from a recent road trip.  I love road-trips, but I always love arriving HOME when the trip is over.  One never really finishes a road-trip but one merrily wets the pallet for more.

On this trip, I traveled from Denver though Buena Vista, Gunnison, Montrose, Moab, Grand Junction, Steamboat Springs and Ft. Collins.  In every single locale I was impressed with the economic activity.  From the number of new pickup trucks with temporary tags to the new construction and development, these markets all looked Red Hot!  Sure there are a few store fronts with the “For Lease” signs in the window, but overall, Colorado looks very good to me.  Both Jim Rogers, “Adventure Capitalists” and John Lynch, “Beating the Street” would be proponents of this market based on my observations.

So, like I noted above, Denver’s market is coming out of this in at least very warm condition, and if we see a few more weeks like this, I am going to declare it to be “Red Hot”!

As always, Dee and I are here to make sense of it all.  Even our new website is coming along, take a look and give us a thumbs-up.  In the meantime, you can always reach us at TheCryerTeam@Kentwood.com.  We look forward to it!…tc

#RoadTrip #Colorado #RedHot #DenverMarketWatch2020

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