DenverMarketWatch – Trumponomics?

Denver’s Weekly Residential Market Watch
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November 2019

Good Morning Everyone!

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

New Listing (1116)
Back On Market (196)
Price Increase (160)
Price Decrease (1249)
Under Contract (1240)
Withdrawn (179)
Leased (57)
Sold (1119)
Expired (217)

I believe this is a good week write anecdotally.

Working with a buyer in the $300-500K in the last week there were about 20 homes in a large geographic area when we started. Today, more than half of those listings are under contract. The remaining active listings all suffered from location, floor plan or condition deficiencies which will probably require a +5% price reduction.

Another buyer in the $700-950K price range in a relatively small geographic area only had one new listing last week. It backed to a significant nuisance, and was located under the Centennial Airport’s north approach. We passed on it, but the market didn’t. It’s now under contract. “One man’s trash is another man’s treasure.”

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, and 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. Fascinating times, 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 303-638-3202

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
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Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
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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5 homes we can’t stop obsessing over

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But don’t just take it from us — see for yourself.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=57e59691ac7f458692e7f6b9336548b9&_e=au3cmJFkXvQg1fTtd5mSYx2clmURGaV8b1omdyzsYQvVojlmJWcak1zK-gIFB41bbwGZi4htkOWNRH2EsshabnBOVGdrAmXe7LAow3qDse0bFuVq0WciK2IPXXp7jtm-VLK8QnBpp7U9k74TuanBggHom3_XZ_UhMruF9RPKPTBfdLyZ71qiBPDYIfeIlUIp

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DenverMarketWatch – Disrupters

Denver’s Weekly Residential Market Watch
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November 2019

Hello Everyone!

Everyone always asks, “How’s the market?” I usually respond with, “We are very fortunate to always be busy.” In the ’80s when we had a regional real estate depression, we were on the field helping relocation companies, banks and individuals solve their real estate “problems”. In ’99, we were there for the dot.com and telecommunication consolidation. When the foreclosure cycle started in Denver during the early 2000s, we were there to bail everyone from individuals, to banks to portfolio property managers out of their inventory. And, now we look for the disrupters we can’t see around the corner. What will happen next, and when will we all know? “Something” is going to happen; but what? Only time will tell.

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

New Listing (858) Wow, is this ever a low number! Lowest I can remember all year.
Back On Market (213)
Price Increase (120)
Price Decrease (1147) Sellers are still curbing their enthusiasm.
Under Contract (1163) This is a nice strong seasonal number.
Withdrawn (243) Will these reappear? Or, sellers giving up?
Leased (64)
Sold (1365) What a great seasonal number. This is almost a peak season number!
Expired (567)

With the last month reporting 9,286 Active Listings and 4,506 Sold Listings over the entire Denver Market; that reflects little more than 2 months supply. So this week when we see more Sold Listings than new Active Listings, this ratio can only improve. This shows great strength as we move into the fall and winter and seasons! Although I’m not seeing a disrupter on horizon, and can tell you, “We are safe this week”.

Let’s not get hung up on what might happen. If we look at this graph, supply and demand ebb and flow. This has not changed since the beginning of data. We still have great data ratios and there is not evident appearance this will change anytime soon. Keep tuning in, and we’ll keep you posted!

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

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
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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True or false: You should avoid selling in winter

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Get the lowdown on selling in the off-season.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=ff352b548bc94c00a38754339dc63d02&_e=G4BH5tPlZ3gE_wBlAsgY6GwRsv2EXwXWc6GAJEYoStEd-voHagjvaLOo2Lc39KUxpC7uzEOs81ez1xpPODQ9pUaIVY4qinhFA82JMLDXLU_VprbVbQ8wKo3OinDbyYHUS_OOU3rcfEyT0OIlviUlgB0lY6U37tnatGu1OCR4pS2q3eqMBBZGbmkhBbPHPZn9

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Your Monthly Real Estate Update | October 2019

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Your monthly source for the latest Denver Area real estate news.
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Kentwood Real Estate
Staging Hacks in a Pinch
If you’re staging your home to sell, obvious tips include decluttering, cleaning off counters, and opening window blinds for more light. The goal for a staged home is to look clean, spacious, and inviting at all times. As we all know, staging a home is much more difficult when you’re living in the home you’re selling and need to make it show-ready with short to no notice. Read More >>
Photographing Fall Leaves
Whether this is your first or fiftieth fall in Colorado, get ready because over the next few weeks you’re likely to become a peeper. A leaf peeper that is. Read More >>
Metro Denver is Still a Seller’s Market
Fact: Housing inventory under five months is considered a home seller’s market. In Metro Denver, the month of September ended with 2.04 months of single-family home inventory and 2.12 months of condos for sale, which clearly indicates we are still in a seller’s market. Read More >>
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
Market Movers
Fitness chain, Endorphin, closing its studio near Wash Park. After closing another studio only seven months ago, their landlords for the Wash Park location thought it was best to part ways.

HopTea, a local Boulder beverage company, is hopping into nationwide distribution. Hoplark HopTea’s line of sparking, hops brewed teas with be on shelves of 480 Whole Foods grocers nationwide.

A Texas based development firm says it’s under contract to buy the Ramada by Wyndham Denver Downtown at 1150 E Colfax Ave. The developer hopes to close sometime next spring or summer.

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 – Black Swans Again!

Denver’s Weekly Residential Market Watch
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October 2019
Hello Everyone!

Black Swan appears to be the new buzz word with the opposite context of Unicorn. Black Swan BAD, Unicorn GOOD…

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

New Listing (1013) Not a bad number this week, but still not giving buyers enough to “look at”.
Back On Market (212)
Price Increase (161)
Price Decrease (1291) This is still telling how many sellers have to “come to the market”; normalcy, balance?
Under Contract (1351) This would be a good week any time of year, but particularly good for the fall season.
Withdrawn (218)
Leased (67)
Sold (1301) Closing keep coming at us, another good week!
Expired (242)

So, let’s talk about said Black Swan. Everyone is talking Black Swan. Wall Street, Polititions, Politician and more keep referring to the deal killer just around the corner. Interest rates, energy costs, market crash, trade wars, wars, the dollar, gold, the housing bubble, the tech bubble, corporate responsibilities, go ahead, pick one! Personally, piggybacking on last week’s post, I believe it will take more than even two of these suggestions to bring us to our knees again, but it could happen.

I was listening to CEO of AutoNation this morning; “The consumer looks to be in good shape”. This has been echoed across a diverse platform of businesses. Nothing to panic about this week! Once again, I believe we can move well into next year before we lose all sensibilities as “The Election Heats Up”…..

Our world is exciting, personally, I like Unicorns better than Black Swans. Let’s hope Denver’s Residential Real Estate Market is listening!

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

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
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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4 ways to make your kitchen cozy for fall

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Plus, how you can get a new look without remodeling.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=89ec8aef1823467281e39afadc301948&_e=P1cTuVOsmwzoGhdq2bWVBB2wzOuDy8OaVnPOMy2-i0-r5Q96byM8YKZVE8YhyT9Fz471liPkKahDKIQqW1sqmfmBPMbhR5V1jbbDIlr4e7KFanbl5UhmZamgwXkylFlYJVZTqz4oXeJHaxi2oILJqSC0VYQhIiVlZTwwk2UxF5MTEO3qn2dP4zREmyre4siL

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DenverMarketWatch

Denver’s Weekly Residential Market Watch
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October 2019
Good Morning Everyone!

We recieved such great feedback on our Post last week with this new format, guess what? That’s it; we’re doing it again the same way!

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

New Listing (1144) This is a good seasonal number, not great but still good.
Back On Market (244)
Price Increase (138)
Price Decrease (1509) This is a huge number of sellers chasing to get it done by year’s end.
Under Contract (1304) This is a very strong number!
Withdrawn (178)
Leased (60)
Sold (1134) This is a good weekly number. Not great, but it is a good number.
Expired (283) When a seller gives up, this has a rippling affect.

To wrap things this week, we are constantly asked, “Is this a good time to buy a house in Denver?” For this question, let’s look back on history a bit. Elliot Eisenberg recently wrote about the “International Influence”. Writing about the DotCom bust in 2001 and the Housing Bust in 2008. Long story short, during those two windows of time, the US had an international influence on pushing the world at large toward or into recession. This time around, he’s made the hypothesis in the briefest of terms, it is possible that the global weekness today, might be the economice factor to push us into recession stateside. Could it happen, yes, but who really knows until it happens?

Let’s refine this for Denver a little. Denver has become an inovation center, a health center, a financial center, an energy center, communication center and a corporate presence headquater/center up and down I-25, Hwy-36 and in our urban centers. “This time it will be different”, because we are so much more diverse, more capitalized, more geographically dispersed and now we have such a much more sophisticated transporation system. All of this is true! But, what does it mean? Well, what will happen outside of Denver Metro, Colorado to draw us into economic turmoil? I don’t know.

Looking at the numbers each week as we do can make the analyst somewhat myopic, but I’m going to go out on a limb here. If we continue to have these rates (Historically Low), I feel this market will see price appreciation slow, but not go negative and sales activity will remain strong. This will be good for us all!

A successful move, relocation, down pricing or moving up takes planning. Jumping out of a airplan 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

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
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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5 homes that are perfect for spooky season

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Plus, inside a haunted house.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=54ab17a2efd541de834c620c928c5eea&_e=UzK_4c6HUDlpmWh_OA7sAw4QuGw_FJ102x0tcu_d8rlQPaUQFkhtUXEc-CZgBZjNq6-7LJfLonXKJfn2C2TXq3A7U2wYUI0XjLEuCfDY1unY4idjW05S5a11YRHuhXG-g9jCO7bvMWDZ2CquLVkNCja1R5E0N0vBhwehynp96CvEvp-E1lEKNo7BXH-d_Cbt

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Denver Market Watch

A Weekly Denver Market Report from My Mind’s Eye…
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October 2019
Good Morning Everyone!

Those of you who have been following me, this format will be new, a change, hopefully better. For those of you new to our weekly reports, maybe it will be a reason to follow more closely.

Let’s take a look at Denver this week.

New Listing (1259) Strong seasonal supply coming in, but with still only slightly more than 9,000 total active listings…
Back On Market (252) Buyers are becoming more intense in there demans on sellers for appropriate condition and repair.
Price Increase (129)
Price Decrease (1614) WOW, this is a big number. Sellers are clearly chasing the market to get IT done by year’s end.
Under Contract (1258) Another nice strong week of contracts.
Withdrawn (197)
Leased (50)
Sold (1185) Not record setting, but certainly a relatively strong week moving into the fall season.
Expired (261)

Let’s not forget to give us a call. Let’s make a plan together. Let’s have some fun!

Dee & Tom Cryer 303-773-3399 TheCryerTeam@Kentwood.com

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
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.
Posted in Denver Residential Real Estate | Leave a comment