Some big news about the housing market ✨

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Homes are selling at the fastest pace in two years.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=06a8c40821084a53bea772690366a3a4&_e=2BE2BP0YvBo0O7Irs9wZy99vkllDlRHCUYMAzwGZLK7fc0qR2iuBJrdPACtJzwGYVRlFpwoRWs81fyplhJtPkrqZp7VNZvncNIwwLbz0Cw43ghntTx-U5JWjuu_CNSv97vkVthsydfmG1G8P9JPOyB9ZUaTG4gDUVLfFt306ysPi0cedWXxgnd7NjlvbIL8a

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Denver Market Watch with 2020 Vision 08/11/2020

As we turn the corner on summer and move toward fall, I can say unequivocally, this market is off the charts! This week’s MLS numbers come to us with record low new listings and extremely high under contract and closing numbers. The pent up demand in this market has not been satiated.

Megan Aller writes; “The competitive nature of the Denver Market post COVID-19 quarantine in July reported that 23.8% of closed transactions sold at a full price offer with 40.5% selling over asking price.”

The depth of this market is also remarkable. Dee and I are seeing numbers in the market over $1M showing strength beyond years in recent memory. Under Contract listings over $1M were almost double the same time last year (2019).

So, let’s take a look at all the excitement!

New Listing (1278) This is too low! We need more listings!!!!
Coming Soon (180)
Back On Market (274)
Price Increase (215)
Price Decrease (953)
Pending (1912) This is a tremendous number; Herculean in fact!
Withdrawn (192)
Leased (79)
Closed (1528) A record number by no means, but still very strong!
Expired (221)

Dee and I have been sittings at a number of “kitchen tables” in recent weeks. Sellers are making the initial steps to ready their homes for the market. We always have something new coming up, so don’t hesitate to ask.

Well, what does all this mean to you?

If you are a seller, this is the perfect market to be a seller! Buyers are waiting in line to buy. Interest rates are teasing buyers to “pay more”. Finally, Inventory is so at an all time low. As a seller, your Listing will be alone on your street, but buyers will be lining up assuming price, condition, appeal and location appropriately converge.

If you are a buyer in this market, you’ll need to think like a seller. The seller wants to know a buyer will close. As a buyer, you want a lender who will go to bat for you and be your advocate. You will also want to know your market. Do your homework, and lean in on your chosen Broker to lead you through the process. Finally, your income, credit score and downpayment need to be transparent. Get your house in order! As a buyer in this market, you need to place yourself into a position of power. A weak buyer in this market is going to lose.

If you are struggling with what’s happening on Wall Street or Main Street, Dee and I are here for you. Tom loves to talk about individual stocks. Owning a part of a great American Company gives him a lot of pride, but owning a piece of America is a feeling you can’t get from anything else. Being able to walk in your front door and say, “I’m home”, is simply an incredible feeling. The grass needs to be mowed, the gutters need cleaning and the garage is a mess, but you are home! It may be great to own a few shares of #Amazon or #Tesla these days, but in the long run, the feeling of #homeownership is seldom duplicated by anything else.

So, let’s talk about your plans, your goals, your dreams, and let us be your trusted adviser homeownership business. From our “concierge” list of services, to our attentive natures, our professional approach to the process leaving no loose ends, you will not be disappointed with your Realtor choice. We want to be your trusted advisor and source for all things real estate.

In the meantime, get outside and enjoy Colorful Colorado…tc

TheCryerTeam@Kentwood.com Dee and Tom Cryer 303-638-3202

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Denver Market Watch with 2020 Vision 08/04/2020

My Goodness!

Just look at this crazy Denver Residential Market!

New Listing (1181) This is just TOO low! The market is starving for new listings!
Coming Soon (164)
Back On Market (348)
Price Increase (257)
Price Decrease (1005)
Pending (1897) With Contracts outnumbering Listings to this degree…
Withdrawn (179)
Leased (90)
Closed (2022) This is the biggest week for closings I can remember for 2020!
Expired (412)

Well, what does all this mean to you?

If you are a seller, this is the perfect market to be a seller! Buyers are waiting in line to buy. Interest rates are teasing buyers to “pay more”. Finally, Inventory is so at an all time low. As a seller, your Listing will be alone on your street, but buyers will be lining up assuming price, condition, appeal and location appropriately converge.

If you are a buyer in this market, you’ll need to think like a seller. The seller wants to know a buyer will close. As a buyer, you want a lender who will go to bat for you and be your advocate. You will also want to know your market. Do your homework, and lean in on your chosen Broker to lead you through the process. Finally, your income, credit score and downpayment need to be transparent. Get your house in order! As a buyer in this market, you need to place yourself into a position of power. A weak buyer in this market is going to lose.

If you are struggling with what’s happening on Wall Street or Main Street, Dee and I are here for you. Tom loves to talk about individual stocks. Owning a part of a great American Company gives him a lot of pride, but owning a piece of America is a feeling you can’t get from anything else. Being able to walk in your front door and say, “I’m home”, is simply an incredible feeling. The grass needs to be mowed, the gutters need cleaning and the garage is a mess, but you are home! It may be great to own a few shares of #Amazon or #Tesla these days, but in the long run, the feeling of #homeownership is seldom duplicated by anything else.

So, let’s talk about your plans, your goals, your dreams, and let us be your trusted adviser homeownership business. From our “concierge” list of services, to our attentive natures, our professional approach to the process leaving no loose ends, you will not be disappointed with your Realtor choice.

In the meantime, get outside and enjoy Colorful Colorado…tc

TheCryerTeam@Kentwood.com Dee and Tom Cryer 303-638-3202

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Denver Market Watch with 2020 Vision 07/28/2020

As we close out July, we would normally be discussing “back to school”, “labor day last minute get-a-ways” and the schedule at Red Rocks coming to an end; not this year, however! This year, it is all about the market in Denver. This weeks numbers in large part mirror last weeks numbers. “Not enough new listings, phenomenal Pending numbers and very, very strong closing numbers.” Observe…

New Listing (1252) This number is only 2/3rds of what it needs to be!
Coming Soon (154)
Back On Market (296)
Price Increase (337)
Price Decrease (1048)
Pending (1987) This number is very strong and reflecting strength!
Withdrawn (190)
Leased (109)
Closed (1776)
This is a very strong number, and week after week, it sheds light on the strength in the Denver Market!
Expired (194)

So, what’s the “short story”? I would say, “When a market does not add an adequate amount of supply, buyers become frantic”. “We are not far off the ‘toilet paper’ market of a few of months ago.” The #FOMO for properties under $500K is pandemic. But, we have observed tremendous activity in the $1M+ market too. Appropriately priced, the 7 digit market continues to be quite healthy.

If you are struggling with what’s happening on Wall Street or Main Street, Dee and I are here for you. Tom loves to talk about individual stocks. Owning a part of great American Companies gives him a lot of pride, but owning a piece of America is a feeling you can’t get from anything else. Being able to walk in your front door and say, “I’m home”, is simply an incredible feeling. The grass needs to be mowed, the gutters need cleaning and the garage is a mess, but you are home! It may be great to own a few shares of #Amazon or #Tesla these days, but in the long run, the feeling of #homeownership is seldom duplicated by anything else.

So, let’s talk about your plans, your goals, your dreams, and let us be your friends in the homeownership business. From our “concierge” list of services, to our attentive natures, and our professional approach to the process leaving no loose ends, you will not be disappointed with your Realtor choice.

In the meantime, get outside and enjoy Colorful Colorado…tc

TheCryerTeam@Kentwood.com Dee and Tom Cryer 303-638-3202

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Kentwood Community eNews | July 2020

Your monthly source for community and real estate news.


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5 homes we’re drooling over 🤤

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We’re just … speechless.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=7ed2d8dad61f4a319cfb76b899b875f4&_e=_4XpS_dJfskzrzIV9cMGAQXYK_ZFKj0OvlJQyXsO4rTvdMSG5Jg634UDXsz3GS_FQUTQmfGbKVWGVPesDAdaTcn_rk2Z4_wtfuINYZPfwIlYdqwaCjDmg0-Z0arsFnK3Oo5_RvhlFOCaPQB4-P8CK_Br0MufFyIEqFP7VAq8xhTyWJMXRw0p3g2Rc8nszoxw

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Denver Market Watch with 2020 Vision 07/21/2020

Good Morning Everyone!

Another great week for Denver Residential Real Estate! Check it out…

New Listing (1220) Another week and our shortage of supply continues!
Coming Soon (153)
Back On Market (296)
Price Increase (201)
Price Decrease (1061)
Pending (1995) Not a record week, but an incredible week considering supply!
Withdrawn (197)
Leased (106)
Closed (1854) Just think about it… We have Covid, limited supply, but still manage a great week of closings. Denver has chosen not to participate in any kind of slow down!
Expired (228)

It’s hard to classify the Denver Market. How deep is this current level of demand, and are we awestruck because our personal production through the first half of 2020 has been so great? It’s always tough to really define a trend until it has passed, but right now is the time to sell a house, and with 50 year lows in interest rates, it is also the time to buy. It is the perfect storm!

If you are struggling with what’s happening on Wall Street or Main Street, Dee and I are here for you. Tom loves to talk about individual stocks. Owning a part of great American Companies gives him a lot of pride, but owning a piece of America is a feeling you can’t get from anything else. Being able to walk in your front door and say, “I’m home”, is simply an incredible feeling. The grass needs to be mowed, the gutters need cleaning and the garage is a mess, but you are home! It may be great to own a few shares of #Amazon or #Tesla these days, but in the long run, the feeling of #homeownership is seldom duplicated by anything else.

So, let’s talk about your plans, your goals, your dreams, and let us be your friends in the homeownership business. From our “concierge” list of services, to our attentive natures, and our professional approach to the process leaving no loose ends, you will not be disappointed with your Realtor choice.

TheCryerTeam@Kentwood.com Dee and Tom Cryer 303-638-3202

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Denver Market Watch with 2020 Vision 07/14/2020

As we move into the second half of 2020, how clear is our vision?

Well, this looks pretty clear to me. Our weekly MLS report is demonstrably clear. We have a sellers’ market! With new contracts exceeding new listings by 50% is pretty clear. Am I employing the word “clear” too many times? As a seller, if I had any thoughts of moving in the next 12 months, I would be putting my property on the market ASAP. Low, low rates, sky high demand and a seemingly endless line of buyers.

New Listing (1373) This number is not keeping up; we need more listings!
Coming Soon (220)
Back On Market (315)
Price Increase (229)
Price Decrease (1186)
Pending (2093) We clearly have a market with built-in demand. Great number!
Withdrawn (196)
Leased (122)
Closed (1797) A very strong number for a July week, wow!
Expired (265)

This week I was told about a Listing near Washington Park around $500,000 with 128 showings and 28 written offers. I was also told, the list price was intentionally low to force a sale over the first weekend on the market.

Every seller, and every buyer has their own motivating factors. You clearly need someone looking out for you in a market like this!

Dee and I work tirelessly for our clients ensuring they have professional representation. We will provide the same effort with you. Give us a call, let’s discuss your goals, your wants, your needs and your dreams. There is a perfect fit out there for you, and we will make sure you find it!

If you have been following me for any length of time, you know I believe strongly in the concept of Home Ownership. Communities with a high ratio of ownership have less crime, have better schools, have greater long term financial rewards and it is clearly a building block of American Culture.

Home Ownership should be a possibility for every American, and if you ask me, it could be if it weren’t for generations of ineffective leadership. Ultimately, HUD programs are not suited to the needs of today’s buyers, and politics always plays a roll in the bad decision making.

Still, the National Association of Realtors, Colorado Association of Realtors and the Denver Metro Association of Realtors agree with me; Homeownership Does Matter!

As always, you can reach Dee and myself at TheCryerTeam@Kentwood.com or 303-773-3399. Thank you for following along, this happens every Tuesday.

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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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