Denver Market Watch with 2020 Vision 10/20/2020

A little history lesson by the Denver Public Library

Few are old enough to remember this event. Just a few miles south of Franktown lies a State Park; Castlewood Canyon State Park. Adjacent to the park was a very large reservoir. The dam reserving this mass of water failed during 1933. The flood northward along Cherry Creek was devastating.

One man’s opinion: “The Castlewood Dam will never, in the life of any person now living, or in generations to come break to any extent that will do any great damage either to itself or others from the volume of water impounded, and never in all time to the city of Denver.” – A.M. Welles, Chief Engineer

The rest of the story you ask? There was a flood, for the day, of epic proportions, but today, “Cherry Creek is a popular greenway, taking cyclists and runners from downtown Denver to Cherry Creek Dam, a large Army Corps of Engineers structure that provides flood control. The broken remains of Castlewood Canyon Dam are still in place, located amongst hiking trails in Castlewood Canyon State Park. The crumbling remnants of the dam provide a valuable educational opportunity for visitors, reminding us of both the benefits and risks we must navigate when living with our Nation’s dams.”

But what about Denver’s Residential Market this week?

New Listing (1373) Once again a not enough; low inventory!
Coming Soon (150)
Back On Market (240)
Price Increase (476)
Price Decrease (827)
Pending (1692) A very strong week, but not nearly a record.
Withdrawn (258)
Leased (72)
Closed (1825) A great week! Near record levels. Strong numbers this week!
Expired (200)

Once again, another week in the books and Denver just keeps rattling along with locomotive consistency. Inventory at “record lows”. Interest rates at “record lows”. Demand consistently high. Demographics in Denver’s favor. I believe this locomotive will run right into 2021. Don’t let the election get in your way. Both Republicans and Democrats own homes and enjoy them. Homeownership is important!

Guess what, Dee and I are here for you. We pride ourselves in being your “trusted advisor”. Click here to see what we mean.

In the meantime, please don’t let this “perfect storm” of market parameters pass you by. For buyers, these rates will be a treasure 5 years from now. For sellers, the ability to sell into a “sellers’ market”, is always a good thing. Tom 303-638-3202 or Dee 303-887-3917 Call today!

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Denver Market Watch with 2020 Vision – 10/13/2020

Over the last few weeks, Dee and I have been “baby sitters” to grandchildren and campers. Yes, campers! I convinced Dee to join me on a trip to Colorado’s Collegiate Peaks Mountain Range and camp! We had a wonderful time. A great campsite, wonderful food, great company and a couple of hikes to truly epic views made us both agree, we need to do it again!

As we look forward into the final quarter of 2020, the Denver MLS reports a possible break in the “heat” of the market at least for this week. Rather than close to 2,000 Pending and 2,000 Closed transactions last week, we broke with this trend, and observed more typical numbers for an October Week. With this being said, we have a about 10 more weeks in front of us before we put a wrap on 2020. Let’s all be patient and follow along to the very end…

New Listing (1086) Still a very low number of new listings…
Coming Soon (160)
Back On Market (245)
Price Increase (213)
Price Decrease (813)
Pending (1697) A very solid week of under contract properties. This is a seller’s market.
Withdrawn (174)
Leased (74)
Closed (1370) This is a bit of a slow down from the past few weeks, but once again, still very good.
Expired (200)

When Dee and I begin advising a client, either a buyer or seller, we like to take the time up front to set the stage. Understanding all the documents, procedures and costs of a purchase or a sale keeps everyone on the same path and able to move quickly in this environment of a seller’s market. When the market was more of a buyer’s market, the same was true. Buyers and Sellers deserve to have complete understanding before jumping in. This is our mission.

If you find yourself needing or wanting a change of address. It is important to develop a level of trust and comfort with the broker representing you. Let’s talk, let us show you what we will do for you. Meeting your needs and wants is vital key to homeownership and the goal of our system.

Record low rates, strong buyer demand and greater selection as the price range increases makes this a great time to move up. Conversely, great interest rates allows a buyer to “lock-in” their monthly expenses for years and years to come. Let us show you how to be perceived as a “cash buyer” in this competitive market.

Cascading Waterfalls
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From Fox Business – Top 3 places to live and retire: report

Boulder, Denver, Austin! 1, 2, 3…

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Arapahoe County Statistics

Good morning everyone,

Attached are the monthly Arapahoe County market stats!

Please let me know if you have any questions!



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Denver’s Monthly Luxury Statistics

Good morning everyone,

Attached are the monthly Luxury market stats!

Here’s what’s Attached:

– Luxury snapshot; This graphic combines both residential and condo sales.

– Luxury Condo Stats

– Luxury Residential Stats

Please let me know if you have any questions!

Thank You…tc


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Denver Market Watch with 2020 Vision 10/06/2020

Oh my gosh! It’s been two weeks since our last post on the #DenverMarketWatch. Family, Travel and Fun have interfered with our ability to get this out to you, but here we are today, giving you a great big dose of #MoreoftheSame!

Just take a quick look below. New Listings are half of what Pending and Closed transactions are for the last week. When a #ResidentialMarket only offers 1,000 new listings when it is absorbing twice this amount every week, a shortage is sure to occur and sure enough, #WeHaveaShortage!

New Listing (1068) This is simply a CRAZY low number of new Listings!
Coming Soon (191)
Back On Market (251)
Price Increase (302)
Price Decrease (906)
Pending (1920) Buyers still fighting for every new listing!
Withdrawn (225)
Leased (83)
Closed (2062) This number is reminiscent of peak summer, not fall!
Expired (442)

Let’s talk about the “Long Story Short”. We need LISTINGS! If you have for one moment considered marketing your home, please give us a call. We can help you move up, move down, price down, price up. Moving from one home to another is not that hard, but it does take experience and local knowledge with a team of experts to make it happen. We have already helped so many buyers and sellers compete in this market place so far during 2020, there is no question, we can help you too.

The important item to keep in mind. Every buyer and seller have their own special needs. Every property has a different set of obstacles. We are here for you. Let’s talk! 303-638-3202 or We would honor the opportunity to be your trusted adviser.

Please enjoy one of our recent testimonials.

“Outstanding attention to detail and guided us through the whole process from listing to closing. The marketing was so good, we listed the property on Friday and had an offer by the following Tuesday….. closed the sale 3 weeks later! Great advice and always available (7 days a week) for questions. They saved us a lot of money by recommending appropriate contractors to deal with the repairs required by the buyer. Thank goodness we had the Cryer team to keep the sale on track…. The buyers’ realtor was about as much use as a chocolate oven. I would have absolutely no hesitation using them again or recommending them to a friend or family member. David H. 9/28/2020.”

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Kentwood Real Estate President and CEO Gretchen Rosenberg Honored with the 2020 HousingWire Vanguard Award

Tom Cryer

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Kentwood Community eNews

Your monthly source for community and real estate news.

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5 Star Testimonial!!

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I just sold a listing in the Parker area

5369 Moonlight Way

The Cryer Team
Kentwood DTC
​‌(303) 887-3917‌​
Another elated client! Find out what your home is worth, and learn more about the selling process. Please don’t hesitate to contact us. We would be honored to be your trusted advisor.
5369 Moonlight Way
Parker, CO 80134
4 Bed / 7 Bath / 8,349 SQFT
Lot size 1.0 acres
View Details
Contact me with any questions:
The Cryer Team
Broker Associate
(303) 887-3917 (Direct) |

(303) 773-3399 (Office)

Kentwood DTC
4949 South Niagara St Denver, CO 80237
Kentwood Real Estate
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