@MyTownCryer #MondayMarketUpdate #DenverMarketWatch #KeepOnKeepinOn

Kentwood WordieThis market is the #EnergizerBunny no doubt!  It keeps going and going and going/

 

 
New Listing (725)  Who says it’s not a good time to put your home on the market?
Back On Market (197)
Price Increase (91)
Price Decrease (732)  Sellers still trying to get it working before year’s end.
Under Contract (1030)  This is a GREAT WEEK!
Withdrawn (223)
Leased (33)
Sold (1008)  Once again, this is a great December week!
Expired (249)

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

TheCryerTeam@Kentwood.com shared a home on Zillow

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What do you think? Check out this home I found on Zillow.

Zillow
Shared Listing
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"Another great Cryer Team Listing! Please take a look and give us a call!"
ISadgqkxneruma0000000000.jpg Shared by
TheCryerTeam
Home photo
red-icon1.png For Sale
$800,000
4 bd, 5 ba, 4,093 sqft
10365 Prairie Sky Pl, Lone Tree, CO
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Home photo
red-icon1.png FOR SALE
$894,992
3 bd, 4.0 ba, 4814 sqft
10323 Bluffmont Dr, Lone Tree, CO 80124
Home photo
red-icon1.png FOR SALE
$879,000
4 bd, 4.0 ba, 4842 sqft
10262 Greentrail Cir, Lone Tree, CO 80124
Home photo
red-icon1.png FOR SALE
$570,000
3 bd, 3.0 ba, 2287 sqft
9211 Mornington Way, Lone Tree, CO 80124
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TheCryerTeam@Kentwood.com shared a home on Zillow

RgRd8SlMPVcGemlsbG93QgoAC0ykDlyrGCaZUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
What do you think? Check out this home I found on Zillow.

Zillow
Shared Listing
app?tok=d213b36c-0a34-49fe-8aab-fca9e8b7ad62~X1-ZU12n0aacwoqxop_5xifh&service=emailtrackingservice

"Wow, Great Price Improvement!"
ISadgqkxneruma0000000000.jpg Shared by
TheCryerTeam
Home photo
red-icon1.png For Sale
$1,750,000
4 bd, 7 ba, 9,148 sqft
641 Ruby Trust Way, Castle Rock, CO
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Home photo
red-icon1.png FOR SALE
$1,959,000
5 bd, 6.0 ba, 7707 sqft
663 Yankakee Dr, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$3,000,000
6 bd, 7.0 ba, 8698 sqft
651 Ruby Trust Dr, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$969,000
4 bd, 3.5 ba, 5918 sqft
472 Castle Pines Dr S, Castle Rock, CO 80108
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@MyTownCryer #DenverMarketWatch #TheWayWeWere? #AsTheWorldTurns

What's Important Today?Seasonality, Election, Economic Events, Sentiment, International Trade, Market Volatility or…  Take your pick, as the world turns, so does our Denver Residential Market.  As you can see below, not the difference in the our market today, and then back in April.  WOW!  What a difference!

Monday, December 3, 2018

New Listing (762)
Back On Market (200)
Price Increase (115)
Price Decrease (925)
Under Contract (1018)
Withdrawn (262)
Leased (44)
Sold (1191)
Expired (450)

April 9, 2018

New Listing (1720) This is a HUGE number!
Back On Market (217)
Price Increase (305)
Price Decrease (663)
Under Contract (1633) Chasing right behind new listings is the omnipresent demand!
Withdrawn (143)
Leased (31)
Sold (1340) Week after week, this continues to be very solid.  Not record pace, but close!
Expired (187)

With this comparison made, in my opinion, most of this is seasonal as opposed to a new direction for Denver’s market.  We often see things drop off around this seasonal time of year.  If I was a betting man, I would bet 2019 would be different, maybe weaker, than 2018, but not significantly.  

I will circle back to this post in a few months, we will revisit this data and make some predictions moving forward in 2019.  Typically, residential markets move at glacial speed, I would suspect, this will be no different.  Change takes time.

It's a good week!In the meantime, if you have some plans to buy or sell in 2019, let’s discuss a plan to maximize your sales price or strategically place you in the market as a well informed buyer.  One always wants to negotiate from a place of strength.  All it takes is one call…tc

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

 

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

Your Horn of Plenty | November 2018

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

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November 2018
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Kentwood Real Estate
Our Cornucopia!
So often we set our lives on “cruise control”. Day in and day out, we cycle through the events of time seldom raising our heads from the tasks at hand. Thanksgiving is the time of year to take stock, peak into our “horn” and say thanks for the cornucopia surrounding us.

Dee and I have so much for which we are thankful. We have a wonderful family! We have wonderful friends. We have had the opportunity to be positively impactful on the people around us. We work at leaving things better than we found them. It’s a good life!

This year we closed a sale as low as $385,000 and as high as $1,750,000 and almost every price point in between. We sold a home to a single woman moving back to Denver from Quatar, we sold a home to newly weds, we moved a neighbor of more than 25 years, we transacted with a couple from India, we transacted with a couple for the 9th time, and we assisted a young family back to the neighborhood in which they both grew up. While growing our client base along the way, we could not be more proud of these results. 87% Of our transactions were the result of a personal referral. This makes us extremely thankful!

Dee and I believe this is a people business. We understand Zillow, we understand Realtor.com and we understand all the web based services seeking to earn your business. Not one of those platforms are going to be with you every step of the way. We will.

As one of our clients recently wrote to us; “Dee and Tom are a strong team. We were selling our fixer upper just as we hit a slow patch in the market. A buyer emerged but had multiple fix-up requests. Dee and Tom could not have been more helpful in negotiations with the buyer but also with fix-up sub-contractors. Consummate professionals.”

Thank You, Thank You Very Much!

Real Estate Factors Continue to Favor Home Sellers

While October brought with it a track back to normal seasonality with an increase in housing inventory, so too did it bring real estate market factors that continue to favor home sellers in the Denver area. Read More >>

5 New Year’s Resolutions for Your Home

A lot of the time it feels like the things we want to accomplish around the house just never get finished. This New Year, set some goals for your home that you will actually accomplish. Following are five resolutions to put on your list! Read More >>

10 of Colorado’s Hardest Ski Runs

Colorado’s ski resorts are brimming with awesome terrain for any level of skier. But if you’re looking to shred some spine tingling, heart stopping lines this season, then these ten trails might just have what you’re looking for! Read More >>

Featured Properties
Lone Tree at Its Best!
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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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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The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
Market Movers
Kentwood Real Estate Announces new expansion to Fort Collins. The Northern Properties office will mark Kentwood’s fourth residential Colorado office joining Kentwood Real Estate DTC, Kentwood Real Estate Cherry Creek, and Kentwood City Properties in downtown Denver.

Union Tower West at 1801 Wewatta St. in Denver’s Union Station neighborhood sold for $69 million. The sale included the building’s office and parking portions, totaling 100,778 square feet, but not its hotel and restaurant space.

As temperatures drop, Denver’s housing market cools slightly. Experts said Denver’s housing prices are down about 4 percent this fall, part of a seasonal market compression customary for this time of year.

Testimonial
We wanted to thank you for all of your help and support throughout the home purchase process (Including risking life & limb for us). We are so grateful for everything you did for us and we loved working with the two of you. You really made a challenging situation much more enjoyable. You will have to come by soon to see the house! Thanks again!
-H.J.I.
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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 #IrrationalExuberanceGone #ConsumerSentiment

We have a choiceThose of us following the stock market read or hear the words, “Consumer Sentiment” almost every week.  What is consumer sentiment?  In the present, it’s what’s happening now.  In the past, it may have been “irrational exuberance”.  In the future, it’s applied as a guess to what might happen “next year”.  It can be good, bad or indifferent.  Most of the time, someone is trying to read into it and predict the future.  I say, “Good Luck with that.”

Well, it’s clearly “that time of year”.  We go out with friends, neighbors, relatives, associates, and clients.  When they get together with us, they always ask, “How’s the market?”  Most of the time I say, “It’s complicated, but I’d love to schedule a lunch, coffee or a visit to the office and give it the time and attention it really deserves”.  Sometimes, people think this approach is too serious.  Personally, when someone wants to know about the market, there is a deeper issue haunting the conversation, and it truly deserves our time and attention.

Or, they could just tune in here every week and read some of my market opinions right here.  Well, this weeks RANT is ready for you!  WOW, all I can say is WOW.  Last week, Denver’s Residential Market just shut down and took the week off.  Except for the Under Contract numbers, every category was down by at least 50% over previous weeks.

New Listing (551)   Down
Back On Market (185)  Down
Price Increase (66)  Way Down
Price Decrease (641)  Off by 2/3’s
Under Contract (1004) Down about 25%
Withdrawn (195)  Down
Leased (24)
Sold (795) Down
Expired (203)  Down, but not the worst

So, you’re all looking at your each other asking, “Well Tom, what does it mean?” 

Here’s what I believe to be true.  We had a mid-week Thanksgiving as usual, but Thanksgiving this year is what they say “came early”.  People went “Home”, people came to your home, people traveled, people rested and as far as the residential market goes, people said, “We’re going to visit my _________, and if it is still available when we return, we’ll take another look.”

Well, “Consumer Sentiment” may be saying something different to all of us, but right now, the sentiment is clearly saying, “Let’s take a break from the Denver Residential Market”.  Let me be clear, this is not a bad thing, it just slows the “inevitable” down a bit.  Buyers that may have done something this year are already thinking 2019.  Sellers are already thinking 2019 because they think 2019 is over already.  As you can see above, buyers are still in the market, and the Under Contract numbers are not great, but it wasn’t a bad week!

Lionshead HeadsLet’s keep in touch, let’s create a plan, let’s add some science to this process.  Let’s discuss your sentiment…tc

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

 

 

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

@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!

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@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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Be sure and set your clocks back one hour on Sunday, November 3rd.
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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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4949 South Niagara Street #400
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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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