@MyTownCryer #MondayMarketUpdate #ThisIsReal #DenverMarketWatch

Good Monday Morning Denver!

Supply, Rates, Elections…  Oh My!

Let’s take a close look at the Denver Residential Market.  I think it is important for “cooler heads” to prevail.  The sky is not falling, but the market is changing.  After many years of Denver’s unbridled growth, limited new construction and artificially low rates, we’ve been observing the maturation of this market.

We have more supply than we did in 2017.  We are experiencing more price reductions than we did in 2017, and we are seeing an increase in Day on Market than we did in 2017.

With all this being said, last week’s MLS numbers still look pretty darn good.

New Listing (1436)
Back On Market (283)
Price Increase (117)
Price Decrease (1704)  Sellers looking to get it done before year’s end!
Under Contract (1498)  This is a very strong week.  Buyers are busy!
Withdrawn (246)
Leased (40)
Sold (1096)
Expired (255)

What we are seeing anecdotally continues to be true.  Well Presented, Well Located, and Well Priced listings are still selling at a rapid pace.  Sellers unwilling or unable to address any of these three hurdles are suffering the effects of increased supply, higher rates and the election season.

We can help!  Give us a call, and we’ll be there…tc

Posted in Denver, Denver Market Watch, Denver Real Estate, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch

Supply vs. Demand

Supply vs. Demand

Good Monday Morning to You All!

Please follow along below.  This is the MLS update for the Denver Metro Area for the last 7 days:

New Listing (1600)  Another typical week on this side.
Back On Market (313)
Price Increase (131)
Price Decreases (1903)  Wow, this number is BIG!  Sellers adapting to the market quickly!  They want it “done” by year’s end!
Under Contract (1523) Typical of the last 6-8 weeks.  Still strong!
Withdrawn (259)
Leased (38)
Sold (1301) This is a little bit lower than expected.
Expired (558)

So, I would I characterize this market?

First, buyers are still very active and well priced, located and presented listings are still going under contract very quickly.

Second, listings with “issues”, Location, Physical Limitations, Condition, Appeal Factors, Dated, and basically not meeting the market’s expectations are being critically reviewed by buyers, and as a result, are experiencing extended marketing times and subsequent price reductions.

Third, we have to remember, “The market is not always kind”.  What was in high demand last month, this yesterday’s news today.

So, in closing this week, the #MondayMarketUpdate paints a picture of a busy market.  Buyers are our there.  They are intently and strategically looking.  Long story short, we better get it right the first time, or buyers will walking away.

In this meantime, if you have plans to buy, sell, move, buy a 2nd home, have family needing help, we can assist all over the world with the largest network anywhere.  Please let us help.  303-773-3399  TheCryerTeam@Kentwood.com

 

 

 

 

Posted in Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Greenwood Village, Highlands Ranch, Uncategorized | Leave a comment

#ComingSoon! 1263 Buffalo Ridge Rd. Castle Pines, CO 80108

Golf Course Living!

Click Here

This is a great new listing available for showings very soon.  Give us a call, and we’ll get you in ASAP.  It is enchanting!

1263 Buffalo Ridge Rd Castle-print-002-38-Exterior Front Entry-3600x2400-300dpi.jpg

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MyTownCryer MonthlyMarketUpdate | September 2018

Your monthly source for the latest Denver Area real estate news.

View this email in your browser

September 2018
Newsletter Header
Kentwood Real Estate
Denver’s Active Inventory of Homes Sees Growth in August
There are more homes to choose from today than in the past four years. In fact, since July the active inventory has grown by 7.36%. At the end of August, there were 8,228 active listings on the market. Read More >>
Choosing A Remodel Contractor
So, you’re finally ready to make some updates to your home, but you don’t have the time or perhaps the skills to take on a home improvement project. In that case, hiring a remodel contractor is the best plan of action. Read More>>
Denver’s Best Trick or Treat Neighborhoods
This Halloween take your kids trick-or-treating in the neighborhoods with the most Halloween spirit! These communities are safe, give out the best candy, have the spookiest decorations, and there are sure to be plenty of other kids. Read More>>
Featured Properties
Baker’s Best!
413 West 1st Avenue, Denver CO
WOW!!! Adorable home located in the heart of Historic Baker is close to everything! Enjoy a short walk to coffee shops, restaurants, Sweet Action Ice Cream, and all that South Broadway offers! You’ll love the home’s open concept kitchen, dining, and family room areas. The kitchen features soft close cabinets, granite counters, tile backsplash, and stainless steel appliances along with a huge, inviting center island. The dining area can accommodate a long, gathering table to enjoy dinners w…
Full Property Details »
The Top of Ridgegate!
10365 Prairie Sky Place, Lone Tree CO
Rare opportunity to own in the very walkable Parkside at Ridgegate. Minutes to light rail, I-25, C-470, Bluffs Regional Park, Lone Tree Arts Center, Lone Tree Rec Center, Douglas County Library, and numerous restaurants and shops. This stunning home is well maintained and appointed with high-end cabinetry, fixtures, and finishes. Gourmet kitchen features stainless appliances, granite countertops, and an inviting, oversized center island. Open floor plan with soaring, 2-story great room has…
Full Property Details »
The Village at Castle Pines – It just feels like home!
641 Ruby Trust Way, Castle Rock CO
You won’t want to leave. Purposely placed at the end of a wooded cul-de-sac, this sophisticated Austin Signature Homes custom built ranch is the epitome of refinement, flawless in every detail & maintained like no other. This storybook setting with its cascading waterfalls, stone walkways & flower beds sits between old growth pines. Views in the evening are as spectacular as those during the day and can be captured from almost every window, deck & walkway. A “Wow” entry inv…
Full Property Details »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
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Market Snapshot
Market Movers
Denver ranks No. 6 in the country for appreciating home values, according to a national survey by Realtor.com. While homes are expensive, on average they have been returning 11% profit.

VF Corp., the parent of North Face and other outdoor retailers, plans to bring 800 high-paying jobs to the Denver area. The metro area checked off enough boxes to land this economic plum, which will be the largest publicly traded company in Colorado.

If you are selling your home and want to make it more attractive to millennials, suggestions range from showcasing technology to making your home more environmentally friendly.

Testimonial
We wanted to thank you for all of your help and support throughout the home purchase process (Including risking life & limb for us). We are so grateful for everything you did for us and we loved working with the two of you. You really made a challenging situation much more enjoyable. You will have to come by soon to see the house! Thanks again!
-H.J.I.
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©2018 Kentwood Real Estate
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.
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TheCryerTeam@Kentwood.com shared a home on Zillow

What do you think? Check out this home I found on Zillow.

Zillow
Shared Listing
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"Check out this fabulous home we have on Zillow…tc"
ISadgqkxneruma0000000000.jpg Shared by
TheCryerTeam
Home photo
red-icon1.png For Sale
$1,775,000
4 bd, 7 ba, 9,148 sqft
641 Ruby Trust Way, Castle Rock, CO
View home

See Similar homes nearby

Home photo
red-icon1.png FOR SALE
$1,990,000
5 bd, 7.0 ba, 7707 sqft
663 Yankakee Dr, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$1,049,000
4 bd, 5.0 ba, 4605 sqft
633 Castle Pines Dr S, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$3,000,000
6 bd, 8.0 ba, 8698 sqft
651 Ruby Trust Dr, Castle Rock, CO 80108
See all similar homes
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@MyTownCryer #MondayMarketUpdate #DenverMarketWatch

Here’s a quick look at the Denver MLS Stats for the last 7 days.

New Listing (1626)   A nice week for buyers, supply is good.
Back On Market (281)
Price Increase (176)
Price Decrease (1597)  Sellers want to get the deal done before year’s end.
Under Contract (1484)  Buyers are busy looking for the best deals and buying!
Withdrawn (238)
Leased (34)
Sold (1656) This is a very strong week.  
Expired (537)  Pay attention to this.  Sellers are giving up!

As always, we are constantly in the Denver Residential Market.  We want to share what we know with you.  Just give us a jingle, and we’ll be there…tc

It's a good week!

Posted in Denver, Denver Broncos, Denver Housing, Denver Market Watch, Uncategorized | Leave a comment

@MyTownCryer #MidWeekUpdate #DenverMarket Watch

Kentwood WordieWow!  The rate of price reductions in the Denver Market is accelerating!  We don’t normally do #MidWeekUpdates, but with 1,720 price reductions in the last 7 days is huge.  What does this mean?

It means, approximately 20% of our inventory has had a price reduction in the last week!

New Listing (1483)
Back On Market (311)
Price Increase (125)
Price Decrease (1720)
Under Contract (1517)
Withdrawn (230)
Leased (25)
Sold (1376)
Expired (296)

We’ll keep you posted…tc

Posted in Denver Market Watch, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch #Moab Utah #WeAreDenverRealEstate

Convention Center BearGood Monday Morning To You All!  Let’s take a look in the window…

WOW!  Look at this week’s MLS Stats.  Those Price Decreases are as high as I have witnessed.  But, with that being said, look at the number of Contracts and Solds.

New Listing (1640) This should bring some buyers to the party!
Back On Market (336)
Price Increase (119)
Price Decrease (1671)  More Price Reductions; this is HUGE!
Under Contract (1536)  This is a good week!
Withdrawn (212)
Leased (34)
Sold (1405)  This is a good week!
Expired (375)

It is clear from this perspective, the Price Decreases have put some properties under contract.  It is also clear from the numbers of closings and under contracts, we have a VERY healthy market moving into fall.  Buyers are still very present!  It’s a good life…

We took a little break last week.  Thanks for the pass!  Many of you may be wondering what happened to last week’s report.  Well, I was in Moab, UT.  Elvis sang a song back in the ’70s.  “Well I’ve never been to heaven, but I’ve been to Oklahoma…”  I’ve corrupted his song to a degree; “Well I’ve never been to heaven, but I’ve been to Moab, Utah…”

If you’ve been to Utah, you know what I’m writing about.  If you haven’t, I will not spoil it for you.  I’ll just end with this image:

IMG_0992

This picture is worth a thousand words, and it reports on millions of years.  We will not be here for millions of years, but we are here for you now.  If you have any real estate questions, please give us a shout, and “we will be there for you, every step of the way”…tc

Posted in Denver, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Greenwood Village, Uncategorized | Leave a comment

@MyTownCryer #MMU #DenverMarketWatch 9/10/18

It's a good week!Customers ask us all the time, “What’s the best time of year to put a house on the market?”  There is no easy answer to this question, but here’s what we know.  First, statistically, a listing going active in the early spring tends to get closer to list price in a shorter period of time.  With that being said, we sell houses 12 months a year.  There are more listings available in the spring, but there tends to be more buyers too.  As we close out a year, we tend to “run out” of “fresh” inventory, and as a result, listings tend to languish longer because they are not fresh.

So the answer to the question is simple, pick up the phone, give us a call, and let’s discuss YOUR goals.  Your property is unique to you and the market, don’t let generalities guide your decisions, let’s look for answers that make sense for you!

DENVER MLS for the Week of 9/10/18

New Listing (1653) Inventory is turning toward buyers.
Back On Market (306)
Price Increase (142)
Price Decrease (1428) WOW, This is a big number!
Under Contract (1463) No surprises here!
Withdrawn (167)
Leased (42)
Sold (1236) Pretty slow week comparatively!
Expired (262)

As you can see above, it was a week with little excitement.  One of those 1,653 was ours, one of those 1,236 was ours and one of those 1,463 was ours.  We are constantly “in the market”.  Don’t hesitate to contact us.  It’s a lovely day in the neighborhood!

(This picture was from Portrait Mode on my iPhone behind my house a couple of days ago as sunrise.  The early morning fog diffused the sunlight making it look like fire…tc)

Posted in Castle Pines Village, Cherry Creek State Park, Cherry Hills Village, Denver, Denver Broncos, Denver Market Watch, Greenwood Village, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Lone Tree, Uncategorized | Leave a comment

Great Prices on Great Listings!

Bet you can’t take your eye off of this view!

7150 E Berry Ave Englewood CO-print-003-39-Exterior Front-2700x1800-300dpi7150 E. Berry Ave. Greenwood Village, CO 80111

 

 

 

Walk to everything including Light Rail and Target!  Lone Tree at it’s most walkable.

IMG_012810365 Prairie Sky Place Lone Tree, Colorado 80124

 

 

 

 

Castle Pines Village at its most dramatic.  This is a must see Listing!

641 Ruby Trust Way Castle Rock-print-042-67-Exterior Rear-2700x1800-300dpi641 Ruby Trust Way Castle Rock, Colorado 80108

Posted in Castle Pines Village, Greenwood Village, Lone Tree, Uncategorized | Leave a comment