@MyTownCryer #MondayMarketUpdate #turkeychallenge

indianhillsYes; that’s right.  “It’s that time of year again.”  Will your turkey stand the test of time.  With all the uncertainties of preparing a turkey, is there really a “perfect turkey”?  There’s preparation; dressing in or dressing out?  There’s the timing; will everyone arrive on time keeping with the planned flow?  There’s temperature; to hot, dry.  Too slow, cold!  I almost forgot, fresh vs. frozen?  There are at least a dozen more variables to consider, right?

For those of you already in Denver’s Residential Market, you’ve already faced this type of decision matrix.  This neighborhood or that one, this style or that style, near this or that, old vs. new, ranch vs. 2-story, it doesn’t end!  Throughout our entire lives, the decision matrix is always one step ahead or one step behind.

Let’s look at one more area of our lives.  Mutual Funds vs. ETFs, Walmart or Amazon, Amazon or Alibaba, Microsoft or Google; yep, one step ahead or behind since day one.

Well Tom, how does all this relate to today’s report?  Some of you have asked me, is this data just Denver, or Denver Metro, or what I like to explore, the Greater Denver Metropolitan Area.  That’s why the numbers sometimes don’t match DMAR’s Numbers.  The point of these numbers are to consistently report from the same source over time to discover trends in the market and report back to you.

New Listing (1112)  Remember, we are coming into a holiday week.
Back On Market (240)
Price Increase (123)
Price Decrease (1201)  Sellers still want to get it done before year’s end.
Under Contract (1298)  Buyers are looking for deals!!!
Withdrawn (247)
Leased (38)
Sold (1241)  A good week, not a great week.
Expired (313)  In relation to the other numbers above, this is a big number for sellers just “giving up”.

Lionshead HeadsI would be remiss if I didn’t say thank you!  Dee and I have been very fortunate.  2018 Marked many firsts for us and many anniversaries too.  Our most important first was becoming Grandparents!  They say, “A picture is worth a thousand words”, this picture says it all!

Enjoy and Thank You!

Posted in Denver Market Watch, The Denver Market Watch, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #SurpriseSurpriseSurprise

Smartest Guy in the ClassWhat’s new is not new again…, or
“What has been will be again,
what has been done will be done again;
there is nothing new under the sun.”
Or, “All that glitters is not gold”.
Take your pick, the more time I spend analyzing this market, the more I see what I’ve seen before.
So much of what we eat, breath and live is out of our control.  We can’t control whether or not the grocery store on the corner lives or dies.  We can’t control whether or not smoke from California blows our way.  We can’t control the politics that run our daily lives.  No matter how much we believe as individuals we are in control, we are ripping through space held on this planet by gravity with external influences applying undue forces.
As a result, predicting the next step the Denver Residential Housing Market might have is truly ridiculous.  It faces its own pressures.  Interest rates, employment, supply, demand, regulations, and all manner of other external forces have an impact on this geographically defined market.  We can watch, wait and create our own opinions, but much more than that is really out of our hands.  So, please take what these pages reveal with a grain of salt.  Thank you!
Today’s chart from the last 7 days in our MLS system offers us an indication of what might be around the corner for our market.
New Listing (1190) ’tis the season for this to slow down a bit…
Back On Market (257) Note Expired Below.
Price Increase (82)
Price Decrease (1359) Price improvements will be running hot through year’s end!
Under Contract (1412) This is a very strong number.  With all the price reductions, it should remain strong.
Withdrawn (230)
Leased (38)
Sold (1097) Even at this lower level, moving toward a holiday season, this is very active!!!
Expired (260) Note Back on Market above.  Sellers giving up and giving it one more try before year’s end are about equal.  Let’s hear it for the sellers back on market fighting to the very end!
If I look at these weekly numbers individually or cumulatively over 2018, what I see is pretty transparent.  The strength in this market comes from price, location, condition, appeal and that “intangible”.  Anecdotally, what we’ve seen metro-wide has been buyers with a more critical and rational eye.  “Irrational Exuberance” is gone from our market.  Buyers are paying close attention to these nuances, and because they can now go back to the property 1, 2, 3 & 4 times before making an offer.  Buyers are being more critical!
As I have written in the past, “Most buyers want last year’s prices and most sellers want next year’s prices”.  This mantra may have flipped on its axis.  For some buyers, the perception has become, next year the prices may be lower, and for some sellers, the perception has become, “I should have worked harder to get the property on the market earlier in the year”.  As a result, we may see buyers slow the process down;  Renew their leases for one more year, negotiate a month to month so they can jump on something compelling, etc.
Long story short, all of this has happened in the past, it will happen in the future, and what may have glittered last year, might not be so bright next year.
In the end, occasionally, we all need a helping hand.  Never hesitate to pick up the phone and give us a call.  Maybe we can spot the “gold” in your future.
Thank You and Warm Regards,
Dee & Tom

Tom Cryer, SCRP
Broker Associate
THE CRYER TEAM
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237
303-638-3202
Tom@Kentwood.com

Posted in Centennial, Cherry Hills Village, Denver Market Watch, Greenwood Village, Littleton, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate

Monday MOrningGood Monday Morning Everyone!

What have we re-learned over the last week?  I say re-learned because we are constantly learning something new, but sometimes it is what we have re-learned is most important.

In the last week, I re-learned, well priced, well cared for and well positioned (located, etc.) homes in this market are still selling like crazy.  Another 1,380 listings went under contract in the last 7 days.  By no means is this a record, but it does tell us, buyers are in the market, they are ready to spend and if the aforementioned items are readily apparent to said buyer, the listing is going under contract!

So, let’s look at the last 7 days in our MLS:

New Listing (1347)  Sellers are not afraid to compete in this market!  This is a strong number as we move into the Holiday Season!
Back On Market (307)
Price Increase (183)
Price Decrease (1374)  These are sellers willing to compete with the new inventory.
Under Contract (1380)  These are buyers finding their way in a confusing market.
Withdrawn (261)
Leased (39)
Sold (1594)  I’m predicting solid numbers through year’s end here.  This is a good week!  Buyers and Sellers always want to get it done by year’s end.
Expired (639)

In summary, the market continues in the right direction.  Seller’s may not be getting as high a price as they would have earlier in the year, but they are obtaining a higher price than year’s past, buyers may be perceiving a “good deal”, and everyone is leaving feeling like a winner.

It’s often been said, “Buyers want last year’s prices, and sellers want next year’s prices”.  This market may just be providing the “equilibrium” both sides are seeking.  There can be a balance.  When the script is finished, 2018 will be a very good year for Denver’s Residential Real Estate.

We have a choiceTomorrow’s election results will provide joy and disappointment to “both sides”.  In the end, however, life will go on, we will still be stuck with some entity fooling with our clocks.  We will continue to lack money for public employee pensions.  We will struggle to find funding for roads.  And, we will all be wondering, “What were they thinking?…”

All I can say, “Get involved”!  Be a part of your HOA, your town, your county, your state, etc.  Get out there, take a risk, be heard!  The arguments on all sides demonstrably resonate with our family, friends, neighbors and co-workers across the country.  The problems in Boston are different than the problems in Denver.  And the problems in Salt Lake are different than the problems in Tulsa.  We are different, our geographic problems are different and our political biases are different, but the one thing we all have in common is tomorrow.  We can work together to make it better, or we can sit back and let someone else do it.  We have a choice!

 

Posted in Cherry Hills Village, Denver Market Watch, Greenwood Village, Highlands Ranch, Lone Tree, Uncategorized, Welcome to the City of Centennial | Leave a comment

We’re Here for You…

It’s daylight savings time and time to set your clocks back.
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The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
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Copyright © 2018 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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It’s Been a Hauntingly Good Month | October 2018

Your monthly source for the latest Denver Area real estate news.

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October 2018
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Kentwood Real Estate
A Special Thank You to Our Clients

Despite being faced with a multitude of choices, you – our clients – have consistently trusted Kentwood to bring value to your transactions. We would like to extend our deepest gratitude for your continued support of our brand over the years. Read More >>

Home Sales Decline in Denver’s Housing Market

Cooler days brought with it conditions of a cooler market too in the Denver-area. Is this shift in the market seasonal or something more? In fact, it’s a little bit of both. Read More >>

Top 8 Home Remodeling Mistakes

Home remodeling is an exciting process to undertake! You’ve purchased a home and now it’s time to make it your own. Avoiding these home remodeling mistakes will help you keep your budget and your sanity intact. Read More >>

Featured Properties
641 Ruby Trust Way
641 Ruby Trust Way, Castle Rock CO
Purposely placed at the end of a wooded ridge-top cul-de-sac, this sophisticated Austin Signature Homes built ranch is the epitome of refinement, flawless in every detail & maintained like no other. This storybook setting with its cascading waterfalls, stone walkways & flower beds sits between old growth pines. Views in the evening are as spectacular as those during the day and can be captured from almost every window, deck & walkway. A “Wow” entry invites you in with its ligh…
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Baker’s Best in Central Denver
413 West 1st Avenue, Denver CO
WOW!!! Adorable home located in the heart of Historic Baker is close to everything! Enjoy a short walk to coffee shops, beer gardens, restaurants, Sweet Action Ice Cream, and all that South Broadway offers! You’ll love the home’s open concept kitchen, dining, and family room areas. The kitchen features soft close cabinets, granite counters, tile backsplash, and stainless steel appliances along with a huge, inviting center island. The dining area can accommodate a long, gathering table to enjo…
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Lone Tree Convenience – Close to Everything!
10365 Prairie Sky Place, Lone Tree CO
Rare opportunity to own in the very walkable Parkside at Ridgegate. Minutes to light rail, I-25, C-470, Bluffs Regional Park, Lone Tree Arts Center, Lone Tree Rec Center, Douglas County Library, and numerous restaurants and shops. This stunning home is well maintained and appointed with high-end cabinetry, fixtures, and finishes. Gourmet kitchen features stainless appliances, granite countertops, and an inviting, oversized center island. Open floor plan with soaring, 2-story great room has an…
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The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
Market Movers
A Denver developer has assembled a key parcel at I-25 and Evans Avenue. Exactly what will be built hasn’t been decided, but it’s sure to include some type of housing.

Denver has made the Top 5 list by coming in N0. 4 Best Place to Retire in a national survey. The areas Denver did especially well in are activities and health care.

Denver didn’t make it on the list of over-priced housing markets. But Salt Lake City and Austin did, although neither are in bubble territory.

Testimonial
Tom & Dee Cryer were instrumental to making our move across country easy as pie! They found a house in the neighborhood that we wanted in the price range we wanted. We are in love with our new home, neighborhood and of course we are in love with Colorado! Thank you both!
-Jennifer F.
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4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

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©2018 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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@MyTownCryer #MondayMarketUpdate #2018Elections Next Week and more…

 

aerial photo of buildings and roads

Photo by Aleksejs Bergmanis on Pexels.com

The confusion of today’s residential real estate market in Denver is crazy.  Price range, location, floor plan, amenities and more still have a huge impact on the market’s attraction to a property or not.  I’m sure there is, but I can’t imagine a more “localized” market than Denver’s.

What does this mean?  Typically, if you are trapped in the “Cloverleaf” and can’t stop circling, you have not educated yourself in a manner that enhances your ability to make credible decisions.

Did you know you can pick a house, a company will buy it for you, and subsequently give you a purchase option at a guaranteed price sometime in the future.  You’ll probably pay an “above market rental rate”, but at the end of your option, “no harm, no foul”; just walk away, or exercise your option and stay put. 

If you have a concern, there is a solution!  The market is mostly smart.  Buyers and Sellers are mostly smart.  It’s an orderly process most of the time.  The residential market is not something to be fearful of, it is a place to educate oneself and make market informed decisions.

Buying a home in any market is not a place to venture alone.  In spite of its ease of entry, decisions made now on the buy-side will impact you later on the sell side.  

Let’s look at the last 7 days in Denver’s MLS system. 10/29/2018

New Listing (1289)  Seasonally low; this is to be expected.
Back On Market (287)
Price Increase (101)
Price Decrease (1602) Wow!  This number continues to reflect motivated sellers looking to “get out” before year’s end.
Under Contract (1315) Not a bad week.  Buyers are “sniping” the “good deals”.  When buyers see value, they are still pulling the trigger.
Withdrawn (230)
Leased (33)
Sold (1235)
Expired (304)  Sellers believing it’s the “Realtor’s” fault and not the market’s fault.  They’ve given up.  “I’ll just stay here if I have to sell it at this price!”

We have discussed this “bifurcated” market before, and Denver’s market is clearly that.  That’s the reason you need a seasoned “in the market” broker to answer your questions, offer solutions and be with you every step of the way.

Every week, we are in observance of the nuances of Denver’s Residential Market.  We’ve been here for the “Boom and Bust” of the ’70s and ’80s, we’ve been her for the “Boom and Bust of the ’90s, and we were here for the “Boom and Bust” of the “New Millenium”.  We plan to be here for this next cycle too.  We can speak from experience.  We can share it with you.  Please don’t hesitate to give us a call.  303-773-3399

Don’t continue looping in the “cloverleaf” of Denver’s Residential Market!  “Failure to plan is a plan for failure.”

 

Posted in Cherry Hills Village, Denver Market Watch, Greenwood Village, Highlands Ranch, Uncategorized, Welcome to the City of Centennial | Leave a comment

@MyTownCryer #MondayMarketUpdate #2018Elections and more…

What's Important Today?What’s important about the residential home sales market? If you’re not buying or selling, what’s important about the residential sales market right here in Denver?  Right now?

The answer to that question is simple; JOBS. If you have a job and a home, life goes on. You go to work, you pay your bills and you maintain a level of stability in your life.  Of course along the way, you have some fun too!

Let’s take a look at this week’s MLS data and catch a glimpse of what’s happened, and what might be happening.

New Listing (1429)  Seasonally typical.
Back On Market (259)
Price Increase (100)
Price Decrease (1606)  Not as bad as last week!
Under Contract (1363)
Withdrawn (230)
Leased (37)
Sold (1209)  The seasonal effects are visible here.
Expired (343)  This number is telling us something.  Seller fatigue?

Overall, this is not an extremely telling week.  All our numbers are off a little bit this week.  Maybe it’s the election, maybe its interest rates or maybe it’s Russia, China, Saudi, etc.  As they say, “predicting the future is for fools and newcomers”.  None of us profess to being foolish, but we all try to predict the events to come.  Wouldn’t it be great if we could do a better job of it.

Profile Artistic ImageWith all this being said, The Cryer Team is here for you.  To answer your real estate questions, assist with your planning and looking out into 2019, now is a great time to make a plan.  What’s important to you?  We’ll be here for you, just give us a call….tc

 

Posted in Castle Pines Village, CASTLE ROCK, Denver Market Watch, Denver Residential Real Estate, Truth vs. Fear in the Residential Market, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #ThisIsReal #DenverMarketWatch

Good Monday Morning Denver!

Supply, Rates, Elections…  Oh My!

Let’s take a close look at the Denver Residential Market.  I think it is important for “cooler heads” to prevail.  The sky is not falling, but the market is changing.  After many years of Denver’s unbridled growth, limited new construction and artificially low rates, we’ve been observing the maturation of this market.

We have more supply than we did in 2017.  We are experiencing more price reductions than we did in 2017, and we are seeing an increase in Day on Market than we did in 2017.

With all this being said, last week’s MLS numbers still look pretty darn good.

New Listing (1436)
Back On Market (283)
Price Increase (117)
Price Decrease (1704)  Sellers looking to get it done before year’s end!
Under Contract (1498)  This is a very strong week.  Buyers are busy!
Withdrawn (246)
Leased (40)
Sold (1096)
Expired (255)

What we are seeing anecdotally continues to be true.  Well Presented, Well Located, and Well Priced listings are still selling at a rapid pace.  Sellers unwilling or unable to address any of these three hurdles are suffering the effects of increased supply, higher rates and the election season.

We can help!  Give us a call, and we’ll be there…tc

Posted in Denver, Denver Market Watch, Denver Real Estate, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch

Supply vs. Demand

Supply vs. Demand

Good Monday Morning to You All!

Please follow along below.  This is the MLS update for the Denver Metro Area for the last 7 days:

New Listing (1600)  Another typical week on this side.
Back On Market (313)
Price Increase (131)
Price Decreases (1903)  Wow, this number is BIG!  Sellers adapting to the market quickly!  They want it “done” by year’s end!
Under Contract (1523) Typical of the last 6-8 weeks.  Still strong!
Withdrawn (259)
Leased (38)
Sold (1301) This is a little bit lower than expected.
Expired (558)

So, I would I characterize this market?

First, buyers are still very active and well priced, located and presented listings are still going under contract very quickly.

Second, listings with “issues”, Location, Physical Limitations, Condition, Appeal Factors, Dated, and basically not meeting the market’s expectations are being critically reviewed by buyers, and as a result, are experiencing extended marketing times and subsequent price reductions.

Third, we have to remember, “The market is not always kind”.  What was in high demand last month, this yesterday’s news today.

So, in closing this week, the #MondayMarketUpdate paints a picture of a busy market.  Buyers are our there.  They are intently and strategically looking.  Long story short, we better get it right the first time, or buyers will walking away.

In this meantime, if you have plans to buy, sell, move, buy a 2nd home, have family needing help, we can assist all over the world with the largest network anywhere.  Please let us help.  303-773-3399  TheCryerTeam@Kentwood.com

 

 

 

 

Posted in Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Greenwood Village, Highlands Ranch, Uncategorized | Leave a comment

#ComingSoon! 1263 Buffalo Ridge Rd. Castle Pines, CO 80108

Golf Course Living!

Click Here

This is a great new listing available for showings very soon.  Give us a call, and we’ll get you in ASAP.  It is enchanting!

1263 Buffalo Ridge Rd Castle-print-002-38-Exterior Front Entry-3600x2400-300dpi.jpg

Posted in Uncategorized | Leave a comment