Where business is booming and real estate is skyrocketing.
Good Morning Everyone,
As we venture into the unknown of 2019, we continue to see submarkets of great strength in Denver. We are hearing the voices of builders whispering about how “great” this market might be… It’s a good life!
Let’s take a look at the last week and make some notes below. This is Denver’s MLS data for the last 7 days. We are rolling into the spring season as planned and with typical strength. The only question remaining will be, “Will it last?”
New Listing (1203) This is typical seasonal activity…
Back On Market (194)
Price Increase (107)
Price Decrease (717) This is an increasing number. Let’s watch this one…
Under Contract (1434) This is a very strong week. Let’s watch this one too!
Sold (990) Seasonally, this is still a good week, but let’s hope this number continues to grow into the spring.
As we roll into the spring season, let’s keep an eye out for hints on what’s around the corner. We’ll keep you posted…tc
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We’d like to thank all the women in our lives and around the world for keeping us on track and moving us forward; Thank You!
I couldn’t help it. #MallWalking to get out of the cold brings out crazy delusional thoughts. For instance, take this LuluLemon storefront. It reminded me, almost every week, I post a #DenverMarketUpdate right here. To an extent, I am asking you the same question every time. “Have you heard”? Well today, I have more proof for you to hang your hat on during all the St. Patty’s Parties coming up. You’ll be able to say, “The Denver Market Is Great!” Let me show you…
New Listing (1170) This is a very healthy number!
Back On Market (232)
Price Increase (101)
Price Decrease (617)
Under Contract (1324) Wow! Just as I told you, increasing each week!
Sold (1285) WOW! This even a bigger jump!
I can’t tell you what the rest of the year is going to bring, but in the 11 counties surrounding Denver, we are starting off to a GREAT YEAR! Last March, 2018 the numbers looked like this:
New Listing (1015) We put 500 more under contract than we listed.
Back On Market (174)
Price Increase (157)
Price Decrease (480)
Under Contract (1502) We are not bringing enough new listings to the the market!
Sold (993) Another great week of closings.
In fact, it looks like we are catching up with closings (Sold) faster than last year. I can find much to brag about for 2019 and Denver’s Residential Market. Let’s see how we roll into the spring season. I’m betting we will continue down the path of solid market statistics…
So, “Now You HAVE Heard”, and you can tell your friends, neighbors and co-workers. Have a great week!
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It was a good week for Denver’s Residential Market in spite of the cold weather and snow. Closings are ramping up and the under contract activity is showing great life.
Keep tuning in, and we’ll keep you posted every week. For now, Denver is looking very healthy with job growth, new development and immigration!
New Listing (967)
Back On Market (171)
Price Increase (96)
Price Decrease (646)
Under Contract (1374) Identical to last week.
Sold (858) Closings up by almost 15% week over week!
As a quick comparison, here’s the week of 2/12/2019.
New Listing (980) This is off a little because there was no increase this week.
Back On Market (165)
Price Increase (123)
Price Decrease (704)
Under Contract (1381) This is a big number! The buyers are coming out of hibernation!!!
Sold (735) Not a bad number, but looking for this to start keeping pace with UCs.
Expired (197) This number is way down from previous weeks. Sellers are staying in the game again.
We’re there for you every step of the way…tc
Plus, renovations that pay off.