Housing and design trends to watch in 2020

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Downsizing is in. Hygge is out. (We know, we’re sad about it too.)eo?_t=136d647b88304d6c827d39dbe797d50a&_m=6dcbf73f82954a77a0d7bc00076ebe99&_e=0Zvr7ScAZr3BrOCHFjg7efIWL9h0O0ZRFATcsY9gSFaINU775oTJb0X1eOGKWHbHgo3EMQiHc_xNTeMAESqOc4cIR_chebnrkvq2R8lap0_3MZ0iJnTiCi07U9EBBsWBS7joner-9JLBV6D901xppg2PEEk2UsWe7k1mus5ZJgUdyNwD0t49vaZLK0D5tsIp

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DenverMarketWatch –

Denver’s Weekly Residential Market Watch
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December 2019

Good Morning Everyone!

Let’s take a quick look at what the Denver MLS has to say to us this week.

New Listing (739) The seasonal trend of slowing is upon us!
Back On Market (179)
Price Increase (227)
Price Decrease (878) Sellers still chasing the last of the buyers for 2019…
Under Contract (1056) Surprisingly good number. Buyers are still looking for value.
Withdrawn (229)
Leased (64)
Sold (1213) A good week any time of the year!
Expired (235)


“I cannot forecast for you the market action in Denver. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is our national interest.”

If you’ve followed us for any time at all, you’ve seen my method of stealing famous quotes and making them my own. This one by Winston Churchill was easy to repurpose for Denver’s market TODAY!

After surgically making this quote my own, what I’m trying to say is simple. Like so many times in the past, Denver has been reliant on what happens around us. Being “500 Miles from Nowhere” does create that riddle. With the point of a pencil, Washington can ruin an economy like ours, or it can make it grow like crazy! We will have to be patient and see what happens next, but I’m confident that 2020 will be more of the same for Denverites. Not enough supply of the homes buyers want to own, and just enough inventory in our 2nd tier neighborhoods offering just enough compromise for the typical buyer to move forward out a little further.

Basically, the market is so thin with new inventory, buyers are jumping on anything and everything, but I’m asked, Will it last?

The numbers say it will, the Under Contracts and Solds this week were very strong, but the Active Listings are just not keeping pace. Let’s think about this for just one minute. In the Greater Denver Metro Area, there are 1.5M residences. We have about 9,500 active listings. The insignificance of this ratio is epically low.

We will have a plethora of economic news this week. For the next 12 months, it will be the goal of one party to characterize this news negatively, and the other party to characterize this news as the “next coming”. Long story short, we have an EPIC ride in front of us. Fasten Your Seatbelts, enjoy!

A successful move, relocation, down pricing, down sizing or even moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend just one hour with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…

Dee and Tom Cryer TheCryerTeam@Kentwood.com 303-887-3917

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
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Denver, CO 80237
720-330-8888
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Copyright © 2019 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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3 simple (and dazzling) holiday decorating ideas

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‘Tis the season to be busy.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=4f8d96aeab974192ae9b139f8930324f&_e=lIkkcqufONrh1JtcEIn_kbDXKB8JKGij_gqWEOTLsDSrwcQRN8q6SC-b2tz9vFgETasVSneDo_ENL9Zx8QV_79QxQcBCXRHb9AFZaKtwLbQ1yR2XysuNKDAY2AzQOa7hPDpXr4hAt8NC7zfRAcG7I7K7HHOfkky8J_o8waNNufVFe34zPirts-QSbvFotpfd

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The Jones District – City of Centennial

https://www.centennialco.gov/Government/Departments/Economic-Development/The-Jones-District

Tom Cryer
Tom@kentwood.com
303-638-3202
Www.TheCryerTeam.com

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#ElliotEisenberg #AgingInPlace

Yesterday, Elliot posted a story of interest to me. In my own neighborhood, I’ve observed elements of these same demographic activity.

Modest Moving”

“Just 9.8% of Americans changed their residence between 2018 and 2019, the lowest percentage since such record keeping began in 1947/48! This new low is occurring amidst the weakest population growth on record, limited immigration and an aging society. Most troubling, however, just 20% of those between the ages of 18-34 (Millennials) moved this year, down from 29% as recently as 2005/06. Reduced mobility reduces economic opportunities and GDP growth.”

Will we soon be reading more stories about the aging of America? Only time will tell…

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#DenverMarketWatch @MyTownCryer #China

Good Morning Everyone,

black-swanWe’ve discussed the #BlackSwans lurking several times this year.  As we close out the year, to me, #China seems to be the one with lasting qualities.  Revolving around several sub-hashtags.  #China can identify with #Trade, #HongKong, #HumanRights, #Currency and at least a dozen more.  The people of China are our friends, but the powerful in place scare markets around the world.  From another time and place, but still applicable today; “It’s a riddle, wrapped in a mystery, inside an enigma.”

But, residential real estate is local, right?  Well, let’s take a look at Denver’s MLS over the last 7 days:

New Listing (454) An abysmal week for buyers in the market!
Back On Market (165) A few deals fell apart.
Price Increase (182)
Price Decrease (501) Sellers chasing the last buyers of the year.
Under Contract (787) A Family Holiday week?
Withdrawn (160) Sellers giving up!
Leased (39)
Sold (938) Low, but not a bad week…
Expired (456) Sellers giving up?

It's a beautiful day in the neighborhoodIt’s a great time to see a heart warming moving with friends and family.  Dee and I went to, “It’s a beautiful day in the neighborhood”.  It will make you laugh, cry and think about who, what and where you are in your world.  We enjoyed it.  Thanks for date night DeeDee!

A successful move, relocation, down pricing, down sizing or even moving up takes planning. “Jumping out of a airplane without a parachute is not healthy.” The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend just one hour with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…

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

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#Denver #Jobs #DenverMarketWatch

Denver Market WatchConfirmed: Southwest Airlines to add more than 1,000 jobs at DIA. Dallas-based Southwest Airlines has chosen Denver International Airport over the airports in Houston and Nashville for a major expansion which will result in up to 1,013 jobs and a $75 million in capital construction projects.

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Your Monthly Real Estate Update | November 2019

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Your monthly source for the latest Denver Area real estate news.
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Kentwood Real Estate
Winter Home Staging Tips
During the winter months in Colorado, attracting home buyers to go dashing through the snow to an open house requires a different plan than in the summer months. By staging your home appropriately, though, it could lead to a quicker sale. Here are some tips for staging your home during the holidays. Read More >>
Bunny Hills To Black Diamonds: 5 Ski Resorts That Are Great For Families
When it comes to choosing a ski resort in Colorado, there is certainly no shortage of incredible options from which to choose! Here’s a round-up of our top 5 resorts for your next family ski vacation. Read More >>
Real Estate Market Trends
Home sales usually peak mid-summer and then the market begins its seasonal cooldown just in time for the fall. The lowest number of both new listings and number of homes sold usually occurs in December or January. It appears we are right on track with that trend this year. Read More >>
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
Market Movers
Four Colorado ski areas have been nominated to be among the 20 best ski areas in North America. Aspen Snowmass, Copper Mountain, Winter Park and Telluride have all been nominated. Judge factors include: “serious snowfall,” varied terrain, lift access and desirable amenities in town.

Famous country singer, Dierks Bentley, is opening a restaurant and bar in LoDo neighborhood. The restaurant, Whiskey Row, will be Bentley’s fifth chain. The restaurant will feature live music and will replace LoDo’s Bar and Grill.

As electric vehicles become more and more popular, not all cities have access to try them and Lyft, the rideshare company, plans to change that. The rideshare company has collaborated with Governor Jared Polis and Mayor Michael Hancock and will be adding 200 long-range electric rideshare vehicles to its fleet this December.

Kentwood Real Estate Kentwood Real Estate
4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

EHORealtor

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©2019 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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#DenverMarketWatch @MyTownCryer #Snow

Good Morning Everyone,

IMG_3144.jpgWith a foot of snow on the ground where I am in Denver this morning, I’ll be brief and get going.

New Listing (793) Wow, this is a very slow week for new listings!
Back On Market (196)
Price Increase (151)
Price Decrease (923)
Under Contract (1183) Once again, when UC is higher than NEW, inventory goes down!
Withdrawn (193)
Leased (45)
Sold (1198) Not a bad week.  Getting it done before the holiday!
Expired (223)

Long story short, #DenverMarketWatch is not showing any notable weakness in the market except inventory for buyers.  This is keeping a lot of potential buyers on the sidelines.  This needs to change, we need more inventory.  “OK Boomers”, it’s time to move…”

Take some time to enjoy the snow, family and Thanksgiving.  We all have a great deal to be thankful for today….

A successful move, relocation, down pricing, down sizing or moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend just one house with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…

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

 

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5 homes that will make you do a double take

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And maybe a double tap too.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=5600ce3622ac4745a28dec0ab348fcab&_e=5-SNz0i5-uZAoYlWTvKi5LPacgk5LXRYQI2YpLugCSubSP_q8aPqQgkLxdICZK0-akcgh3IzGEL_N8lalZ8KVD9X_dUcv8dmQf_0sb2l_YM8eljQBu-d-cBaytCGxd5TiTR6zpOfse9APRdK-wU9_P3nM1818zBarCyHdvwGzJtxIpujyHxJ1S22kuw1pNg4

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