DenverMarketWatch with 2020Vision

Denver’s Only Weekly Residential Market Watch
View this email in your browser
February 2020

Good Morning Everyone “02/25/2020”

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

New Listing (1009)
Coming Soon (0)
Back On Market (207)
Price Increase (533)
Price Decrease (613)
Pending (1412)
Withdrawn (119)
Leased (71)
Closed (1177)
Expired (526)

Pendings up over New Listings by 40% this week! Again this week mirrors last week. Limited Supply, Favorable Demand and Low Interest Rates. Life is very good for most sellers in this market. Life is “hard work” for most buyers. We are surrounded by entire neighborhoods with NO inventory, NONE, and when it does approach the market, buyers are like “Great Whites” off of Cape Cod.

Basically, the market is so thin with new inventory, buyers are jumping on anything and everything, in some neighborhoods, but being a bit more “picky” in others. Anecdotally, we are persponally running low on listings. We have had a rapid response to everything we’ve put on the market, and we are receiving phone calls about “Off Market” listings “coming soon”. We have two or three “coming soons” that will ultimately “fly off the shelf” too.

The numbers still tell us, the Under Contracts and Solds this week were very strong, but the Active Listings are still not keeping pace, and some could argue seasonally low. Let’s think about this for just one minute. In the Greater Denver Metro Area, there are 1.5M households. We have about 5,000 active listings of which about 3,500 are detached single family homes. If you are considering putting your own home on the market, now is the time!

We are expecting 2020 to have a bit more focus than the election year of 2016. This time around, most will agree, “the sky is not falling” and we will follow through with our daily lives as rourtine. The waters are calm, the market is hot, and we can all ask, “Can rates go any lower?”

Don’t get me wrong, there are a couple or more “Black Swans” in the water. This Coronavirus has become a much bigger talking point in spite of a deadly flue season all around us. When the price of oil craters like it did yesterday, it is going to ruffle a lot of independent feathers in Colorado. Finally, we’ve had some crazy weather in the metro area over the last few weeks. It looks like this is keeping some potential buyers away from the market. When this buyers do hit the streets, there will be some wild negotiations happening. Stay here for an update on this punch on potential buyers once again.

As you can see from the graph above, we finished the year with slightly more than 5,000 active listings while averaging about 5,000 closings each month. This will be updated monthly. From this, we can see, one month’s supply of inventory in a market as big as Denver with 1.5M households. This market is primed once again for the spring rush with a dearth of inventory. It does not appear to have any reason to change. Builders are not interested in building “inventory”, our senior population is aging in place in record numbers in the metro area, and the new resident numbers continue to beat national averages. Denver continues to grow!

So, what’s a buyer to do? We have a very successful system for buyers, and we have unmatched results with our listings too. Let Dee and I help you along the way. Everyone’s journey is different.

Long story short, we have an EPIC ride in front of us for 2020. Fasten Your Seatbelts, Raise Your Tray Tables and get ready for take-off!

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 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
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 © 2020 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

Two extraordinary homes. One choice.

RgRgNEeRPVcGemlsbG93QgoAKJHCUV5OdU1SUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
It’s all up to you.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=667f4b8c02344ace8ad18df226cc89ad&_e=W8Gt-UJVaPsQy834hdeY2fak4fxh46S6sg2Fx9Cya1jRtKro-R3dhJqwbYaGg9gBaNVVqYLFm5QqZHmkG1CT0dbDbzJ8q6CG8wBhMm0HIiHkZ5sYSrLTqXDEZUBPoBdojEWaNhfuBJnwZTYGOTlLtf3oToBo5lIk_ljb8F1CDNja8hG_OXDHBGdsV_JU9ImB

Posted in Denver Residential Real Estate | Leave a comment

9 ways to turn your home into a cozy sanctuary

RgRgLBcePVcGemlsbG93QgoAJx6SSV4RDvJlUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
Master the art of staying in.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=6821d08ca6fe47098b6d6af8447da582&_e=-M-3Vlf-y_e0Zzadf8xAkmyW1_6lQbYBZm-V7m8VwbMvbDtQwHXGGcvlLD-kMsQxuB9VhIkJaJhtnjrWyZVxhBRq-KhDIi8i1j-Q9arB_qO7KgUwdB-ASK804XiAOhkW7ReA4F5TmOMIEDGkahpvg66tJWVyOekQ616trPfkMurWSMb3GvcWBaeR3B-CBWQi

Posted in Denver Residential Real Estate | Leave a comment

#DenverMarketWatch @MyTownCryer #WhereHaveAlltheSellersGone?

As we drift into 2020 with perfect vision, sometimes we just have to stop and ponder the situation.  1,015 New Active Listings in the last 7 days in 11 counties in the

athletes running on track and field oval in grayscale photography

Denver Metro Area came to market.  On the other side of the supply curve 1,309 listings went Pending.  If this were to happen every week, we would have a severe imbalance of supply and demand.  As it is, we have continued into the Sellers’ Market from 2019.  Again, a footrace for the typical buyer is inevitable!

As you can see below, this week’s MLS numbers tell the story.  Pending and Closed Listings in the last 7 days are more than double the number of new listings.  Sadly for buyers, it will be a foot race, and a buyer trying to win has to practice, prepare and be bold to win!  If a buyer in today’s market has not established a plan while “the waters are calm”, this buyer will fail.  The buyer aligning with a strong lender who can be a cheer leader, and a broker who can articulate your ability to get to the closing table goes a long way to leaving “the pack” behind, but that is not always easy, and it is not always the price.  Terms play a critical roll in an educated sellers’ decision.  And, as always “Cash is King”!  It’s an easy race to lose.

Right now is a particularly good time to move up, the market conditions lend themselves to a seller in the $400-600K price range to move up to the $700-900K.  Rates, Inventory and a seller’s ability to negotiate a post closing occupancy on the front end are very favorable.  The water is warm, is it time for you to “dip your toe in”?

New Listing (1015)
Coming Soon (0)
Back On Market (179)
Price Increase (418)
Price Decrease (609)
Pending (1309)
Withdrawn (102)
Leased (65)
Closed (902)
Expired (229)

A successful move, relocation, down pricing, down sizing or even moving up takes planning. “Jumping out of an 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 an 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

Posted in Denver Residential Real Estate | Leave a comment

5 homes that have stolen our hearts

RgRgItywPVcGemlsbG93QgoAHrBXQF6gCNSNUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
We’re in love, and we don’t care who knows it.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=a2d1dfcfd1334db9bc550b455e5a4890&_e=HiyiGodP6e1zE9AZjLatFbnTjPK3hfbbXp0HS8bEcUeUcHU6OO5UMty0doo3Oygzlg1aLdaC8vlZIZ8gdlFZD8djDY_49xbeGUv9cRiY3kWb0FRgTSxB7Il0fwHtqkhaYHK2KSGulTAbOmbwJ0A4BPqUhWHwftc-h2Y5eJmgQZ3c-HBgzei8OTet6HHUnAeI

Posted in Denver Residential Real Estate | Leave a comment

DenverMarketWatch with 2020Vision

Denver’s Only Weekly Residential Market Watch
View this email in your browser
February 2020

Good Morning Everyone “02/04/2020”

I’m going to give you some very exciting Kentwood News this morning:

New Listing (991)
Coming Soon (1)
Back On Market (195)
Price Increase (295)
Price Decrease (563)
Pending (1401)
Withdrawn (93)
Leased (86)
Closed (1045)
Expired (442)

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

After Month #1, 2020 Is off to the same dynamic as 2019. More Pendings than New Listings, and again this week mirrors last week. Limited Supply, Favorable Demand and Low Interest Rates. Life is very good for most sellers in this market. Life is “hard work” for most buyers. We are surrounded by entire neighborhoods with NO inventory, NONE, and when it does approach the market, buyers are like “Great Whites” off of Cape Cod.

Basically, the market is so thin with new inventory, buyers are jumping on anything and everything, in some neighborhoods, but being a bit more “picky” in others. Anecdotally, we are running low on listings. We have had a rapid response to everything we’ve put on the market, and we are receiving phone calls about “Off Market” listings “coming soon”.

The numbers still tell us, the Under Contracts and Solds this week were very strong, but the Active Listings are still not keeping pace, and some could argue seasonally low. Let’s think about this for just one minute. In the Greater Denver Metro Area, there are 1.5M households. We have about 5,000 active listings. If you are considering putting your own home on the market, now is the time!

We are expecting 2020 to have a bit more focus than the election year of 2016. This time around, most will agree, “the sky is not falling” and we will follow through with our daily lives as rourtine. The waters are calm, the market is hot, and we can all ask, “Can rates go any lower?”

As you can see from the graph above, we finished the year with slightly more than 5,000 acctive listings while averaging about 5,000 closings each month. This will be updated monthly. From this, we can see, one month’s supply of inventory in a market as big as Denver with 1.5M households. This market is primed once again for the spring rush with a dearth of inventory. It does not appear to have any reason to change. Builders are not interested in building “inventory”, our senior population is aging in place in record numbers in the metro area, and the new resident numbers continue to beat national averages. Denver continues to grow!

So, what’s a buyer to do? We have a very successful system for buyers, and we have unmatched results with our listings too. Let Dee and I help you along the way. Everyone’s journey is different.

For the next 10 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, Raise Your Tray Tables and get ready for take-off!

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 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
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 © 2020 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

Gen Z or millennials: Who’s more likely to buy?

RgRgGaGaPVcGemlsbG93QgoAKpocN15zvhBXUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
Plus, how baby boomers and densification will change housing.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=8f8ec535d8c347e6834e7b64d9d6c3c7&_e=zvW-fPokUBEOkyfkE3g1EY6Mua7eSJh9obTU55HDLI84iR85dvtANw7kqndcmtisFyUOA1tywHo2FleSSEBiAaBMIiEuoNEj1jGClJZHPGIpNqeR6oiog1fdTvdurOAz-Zoh2Vf_WKKoZJTpcuDSOultfXluMDu8-dTcs5NUpIoG18SmpUC03b0k8kcgQKS_

Posted in Denver Residential Real Estate | Leave a comment

#palindrome

Today is special: 02/02/2020

Enjoy every minute of it…tc

Posted in Denver Residential Real Estate | Leave a comment

2020 Vision from the Cryer Team | January 2020

View this email in your browser
Your monthly source for the latest Denver Area real estate news.
Newsletter Header
Kentwood Real Estate
Real Estate Market Trends
2020 Denver Real Estate Market Kicks Off as a Home Seller’s Market. Housing conditions in metro Denver last year, from low inventory to record-breaking prices, position Denver as a seller’s market going into 2020. Read More >>
How To Protect Landscape From Winter
Winter’s cool temperatures with Colorado’s bright sun can create landscape challenges unique to homeowners in Colorado. To prevent lasting damage to your landscape this winter, here are a few easy tips on how to prepare outdoor plants for the worst of winter. Read More >>
Competitive Ski & Snowboard Events In Colorado

When the snow starts falling in Colorado, don’t bother cozying up inside; it’s time to head to Colorado’s world class ski resorts to witness the most famous ski and snowboarding competitions in the world. Read More >>

The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
Visit Our Website »
2-10 Home Buyers Warranty logo
Facebook Fan Page Icon LinkedIn Icon Pinterest Icon Twitter Icon Youtube (Channel) Icon
Market Snapshot
Market Movers
According to the year-end survey from Apartment List, Denver Metro apartment rents rose modestly last year. The survey found that nationally, the median rent for a two-bed apartment increased 1.4%.

The historic trolley stop in Wash Park has recently been restored by HistoriCorps. The trolley stop is believed to have been erected in 1904 and is at the corner of Downing and S Marion Parkway.

Colorado Springs is considering charging commercial photographers a large fee to take pictures at Garden of the Gods. The city is looking to implement a $500 fee for Garden of the Gods and a $250 annual permit for all other parks excluding Garden of the Gods.

Testimonial
This is my 3rd transaction with Dee and Tom Cryer. They are top notch and truly experts in their field. Honest, trustworthy, and knowledgeable beyond belief. I credit them for making me an informed consumer in real estate matters. Would recommend them to anyone. They are my realtors for life!!! Sincerely Christina Aldridge
-Christina
Display Ad
Kentwood Real Estate Kentwood Real Estate
4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

EHORealtor

muwu561hemu
©2020 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

DenverMarketWatch – 2020Vision

Denver’s Only Weekly Residential Market Watch
View this email in your browser
January 2020

Good Morning Everyone “01/28/2020”

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

New Listing (1030)
Coming Soon (0)
Back On Market (173)
Price Increase (273)
Price Decrease (727)
Pending (1398)
Withdrawn (113)
Leased (59)
Closed (986)
Expired (211)

Let’s get right into it. 2020 Is off to the same dynamic as 2019. More Pendings than New, and again this week mirrors last week. Limited Supply, Favorable Demand and Low Interest Rates. Life is very good for most sellers in this market. Life is “hard work” for most buyers. We are surrounded by entire neighborhoods with NO inventory, NONE, and when it does approach the market, buyers are like “Great Whites” off of Cape Cod.

Basically, the market is so thin with new inventory, buyers are jumping on anything and everything, in some neighborhoods, but being a bit more “picky” in others. Anecdotally, we are running low on listings. We have had a rapid response to everything we’ve put on the market, and we are receiving phone calls about “Off Market” listings “coming soon”.

The numbers still tell us, the Under Contracts and Solds this week were very strong, but the Active Listings are still 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 5,000 active listings. The insignificance of this ratio is epically low.

We are expecting 2020 to have a bit more focus than the election year of 2016. This time around, most will agree, “the sky is not falling” and we will follow through with our daily lives as rourtine. The waters are calm.

As you can see from the graph above, we finished the year with slightly more than 5,000 acctive listings while averaging about 5,000 closings each month. This will be updated monthly. From this, we can see, one month’s supply of inventory in a market as big as Denver with 1.5M households. This market is primed once again for the spring rush with a dearth of inventory. It does not appear to have any reason to change. Builders are not interested in building “inventory”, our senior population is aging in place in record numbers in the metro area, and the new resident numbers continue to beat national averages. Denver continues to grow!

So, what’s a buyer to do? We have a very successful system for buyers, and we have unmatched results with our listings too. Let Dee and I help you along the way. Everyone’s journey is different.

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, it should be exciting!

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 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
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 © 2020 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