#DenverMarketWatch 5/21/2018 #MotivationMonday @Kentwood @AllDenverRealEstate #What’sNew

SUPPLY VS. DEMAND 3-2018Well, Well, Well…

We knew it would happen.  We’ve been waiting and waiting.  Right now in the third week of May, 2018, the number of New Listings has finally eclipsed the number of Under Contract Listings for only the second time. 

I’m not sure this is enough motivation for buyers to think they might possibly have the upper hand, but it’s a start!

From MLS Data on a moving 7 day average every Monday morning, once again, we pick up a few hints of whats to come in our Denver Metro Residential Market.  Enjoy!

New Listing (1856)  This is a great first step now the middle of the spring marketing season.
Back On Market (262)  This is about 15% of contracts fail and come back on the market.  Even this number has improved.
Price Increase (179)
Price Decrease (982)
Under Contract (1799)  Still a very strong week of under contracts during a time of Prom, Mother’s day and Graduations.  Well done Denver!
Withdrawn (154)
Leased (36)
Sold (1621)  Now this is a big week!
Expired (223)

Rolls RoyceAs we move into the summer season next month, it will be interesting to see the changes coming our way.  One thing you can be sure of?  We will be here every step of the way, reporting, analyzing and providing our own brand of the Denver Market Watch.

Please Stay Tuned and subscribe.  Thank you!

 

 

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Posted in Centennial, Chatfield State Park Map & Brochure, Cherry Creek State Park, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Homestead at Willows End, Homestead in the Willows, Paint Mine Interpretive Park Calhan, CO, Uncategorized | Leave a comment

#DenverMarketWatch 5/14/2018 @MyTownCryer @Kentwood #MotivationMonday

May_Denver_Metro_Stats

Once again, another week rolls by, and the #DenverMarketWatch is paying close attention to inventory, interest rates and the mood of the market.

Look at that Under Contract number.  It is closing in on a week of 2,000 contracts.  So close!  Let’s see if we make it next week.

Everything we’ve attempted to write on in the last month under $500K has been a multiple offer situation.  We have noticed a possible trend.  That “#CashBuyer” appears to be disappearing a bit from the market.  We are still hearing strong buyer, good down payment buyer, high credit score buyer, etc.  But, that #CashBuyer term is not being used as much.

New Listing (1638)  This is a strong week.  Bring on the inventory!
Back On Market (266)
Price Increase (164)
Price Decrease (928)
Under Contract (1961)  Waiting to break 2,000.  Maybe next week.
Withdrawn (149)
Leased (42)
Sold (1359)  No issues here; another strong week.
Expired (188)

Canyon de Chile

We are so fortunate to live so close to so many treasures.  Sometimes we just need to walk out to the edge and experience the view, the echo, the wind, the bird of prey flying overhead or simply the peace and quiet.  It’s a good life!

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#NewListing #CherryCreekVista #ComingSoon @MyTownCryer

10775 E Maplewood Dr Englewood-print-001-2-Exterior Front-2700x1800-300dpiOpen the link to the virtual tour here: 10775 E. Maplewood Drive Englewood, CO 80111

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#DenverMarketWatch 5/7/2018 #MondayMotivation @MyTownCryer

You probably thought last week was crazy, right?  “Don’t you dare underestimate the power of your own instinct.” – @BarbaraCorcoran

FOMOI’m going to change Barbara’s quote up just a bit this morning.  “This market doesn’t dare underestimate it’s power to prosper.”  My oh my, week after week, we continue to see the results of a vibrant Denver Residential Market throwing up numbers like we’ve never seen before.  It’s a good life!

Does this mean buyers are being left behind?  Yes it does.  Without proper preparation, a strategic goal and some perseverance, YES, buyers are being left behind.  Buyers must take the appropriate steps to become winners.  Making preparations while the waters are calm is critical in this market to success.

A.  Meeting with a lender, making an application and remaining loyal will serve you well as a buyer in this market.  Having a great “Cheerleader” in the form of your own lender, on the sidelines, can only help.  B.  Putting the time in to define one’s market area will put you “in the know”.  Timing, Timing, Timing!  C.  Finally, having an experienced Realtor with you “every step of the way” who knows what’s necessary to put this winning team on the field of play is critical.  Remember in the Art of War?  Having a battle plan and knowing one’s opponent increases ones odds of winning the deal.

SUPPLY VS. DEMAND 3-2018As you can see below, the Denver Market remains HOT!  Hop in, the water is warm.

New Listing (1805)  It is selling season!
Back On Market (281)
Price Increase (261)
Price Decrease (874)
Under Contract (1887)  We are close to hitting 2,000 here, maybe next week?
Withdrawn (153)
Leased (42)
Sold (1730)  The title companies are busy at the closing table!
Expired (363)

Don’t give up on this market, give us a call, take an hour, come site down with us; your dream is closer than you might think!

Posted in Caslte Rock, Castle Pines North, CASTLE ROCK, Centennial, Chatfield State Park Map & Brochure, Cherry Creek State Park, Cherry Hills Village, Choosing a Realtor, Clean Water, Colorado, Denver, Denver Broncos, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Renters, Denver Residential Real Estate, Uncategorized | Leave a comment

#Boomers and #Sooners Oh My! | April 2018

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

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April 2018
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Kentwood Real Estate
#Boomers and #Sooners Oh My! The Land Rush Continues!
Those of you not familiar with Oklahoma History, I think, will find this interesting. Having spent my high school years in Tulsa, the concept of Boomers and Sooners clearly became an imprint. But who were the Boomers and Sooners?

Apparently, way back in 1889 an open "land grab" was sponsored by the Federal Government to populate and define the Oklahoma Territory. 50,000 Boomers and Sooners staked their claims. Apparently Boomers waited for the appropriate time to enter the territory, and apparently Sooners did a little sneaking in early to stake their claims before the start date, thus Boomer Sooners…

From Wiki: "Many settlers immediately started improving their new land or stood in line waiting to file their claim. Many children sold creek water to homesteaders waiting in line for five cents a cup, while other children gathered buffalo dung to provide fuel for cooking.[7] By the second week, schools had opened and were being taught by volunteers paid by pupils’ parents until regular school districts could be established. Within one month, Oklahoma City had five banks and six newspapers.[7]"

Fast forward to 2017, believe it or not, we’ve had our own "land grab". According to Colorado Public Records, we had 77,000 "Boomers" come to Colorado to seek shelter and employment in 2017. Colorado’s Population blossomed to 5.6 Million.

While the Land Rush of 1889 is only a metaphor for 2017 Colorado, there are some striking similarities. Neighborhood arguments ensued. NIMBY attitudes were prevalent. Fights were common; particularly between the Boomers and Sooners, but progress seems to always win out.

Sloan’s Lake was circumnavigated by a paddle boat enjoyed by wealthy Denverites looking for an evening out. Today, it is the second largest park in the city with improvements that were never considered a 100 years ago. Highrises threaten the southern boundary, lower income households are being priced out and Edgewater is actually considering "Urban Redevelopment".

As Will Rogers or Woody Guthrie would have said, "The times they are a changin.." Actually, it was Bob Dylan, but both Will and Woody were from Oklahoma.

And PS… Where is everyone coming from? Here’s the Top 10.

Top 10 Areas Sending Residents to Denver-Aurora-Lakewood, CO

1. Boulder, CO
2. Colorado Springs, CO
3. Greeley, CO
4. Fort Collins, CO
5. Los Angeles-Long Beach-Anaheim, CA
6. Chicago-Naperville-Elgin, IL-IN-WI
7. Dallas-Fort Worth-Arlington, TX
8. Washington-Arlington-Alexandria, DC-VA-MD-WV
9. Phoenix-Mesa-Scottsdale, AZ
10. New York-Newark-Jersey City, NY-NJ-PA
Home Prices in Denver Set Another Record
Last month, home prices in Denver set yet another record. According to the Denver Metro Association, the average price of a single-family home sold in March rose to $522,277. Read More >>
Unique Shops to Find Mother’s Day Gifts
This Mother’s Day, give your mom a gift that is uniquely her. These shops around Denver will allow you to find a thoughtful gift for mom, while also shopping locally. Read More >>
Your Guide to Surviving a Seller’s Market
In a hot seller’s market, a well-priced home in good condition will move quickly and likely have multiple offers. We can help you prepare for beating the competition and landing the home of your dreams! Read More >>
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
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Market Movers
According to a new national report, The Denver housing market is projected to appreciate faster than any other metro area in the nation.

The south parking lots around Mile High Stadium could undergo a massive development, which would include housing and mixed-use projects. The city is seeking input from the community on what should happen on this prime real estate site.

The City of Denver is seeking help from the state’s Colorado Real Estate Commission to ensure compliance with the city’s affordable housing program. About 300 buyers bought homes that were in the affordable housing program and were not aware of it.

Testimonial
Dee and Tom were amazing to work with. They represent their clients so well and truly work for them. We were relocating to Denver from out of state and having them as partners was truly a benefit.
-Caleb K.
Kentwood Real Estate Kentwood Real Estate
5690 DTC Boulevard #600W
Greenwood Village , CO 80111
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 #DenverMarketWatch 4/30/2018

Can you believe it?  One third of this year has passed us by.  That has not stopped this market from continuing is momentum!

IMG_0060One of the biggest weeks for new active listings is totally erased by one of biggest weeks for under contract listings – AGAIN!

In a conversation with a client this morning, we discussed how dynamic this market could still become.  So many people came to Colorado to launch their careers.  Now 10 years out, they are more mature and for some wealthier.  Ready to make a housing choice, ready to become a homeowner and ready to “become part of the community”, and as a result, Denver continues to look very strong into the future.

Colorado has just reached 5.6 million people.  Denver hangs somewhere around 3 million.  Atlanta on its own has over 5.8 million people.  For the time being, we continue to put up numbers week in and week out clearly showing we have a #housingshortage!

New Listing (1535)
Back On Market (243)
Price Increase (157)
Price Decrease (780)
Under Contract (1878)
Withdrawn (109)
Leased (43)
Sold (1371)
Expired (207)

As always, if you have questions, please do not hesitate to reach out and contact us.  We’re here for you every step of the way!

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

#DenverMarketWatch 4/23/2018 #MondayMotivation What’s all this talk about supply? #HousingShortage

dollar-currency-money-us-dollar-47344.jpegWe’ve officially moved into a FOMO market!  There, I said it.  Fear of Missing Out has become rampant in Denver.  From Erie to Lone Tree, from Golden to Deer Trail, from RINO to SODO, sellers are smiling and buyers are FRUSTRATED.  This frustration has lead to all kinds of consequences.

Buyers missing out have signed new leases, decided to stay put and removed themselves from the market.  Other buyers have rallied family members, crowd funding and wedding registrations for down payment money and have jumped in with both feet.

But not so quickly!  Sellers have their own set of rules.  They are afraid of not being able to find a replacement in a reasonable time frame, moving twice and losing money.  PCO’s have become standard operating procedure.  (Post Closing Occupancy Agreements)  Denver is a market rife with anxiety on both sides of the transaction.

And just when you thought sellers were going to rush to the market and participate, Not So Fast!  Sellers are now looking at their current mortgage interest rate.  With rates approaching 5%, sellers are now saying, “Why would I give up my 3.5% interest rate?”

WOW, it’s complicated out there!  That’s why you need a professional by your side every step of the way.

New Listing (1615)  This is a strong number, but completely erased by the UCs below.
Back On Market (233)
Price Increase (135)
Price Decrease (708)
Under Contract (1851)  This is a very strong number exceeding new listings – absorbing recent supply upticks.
Withdrawn (164)
Leased (39)
Sold (1266)  This number is very close to the trend being set so far this spring.
Expired (183)

As you start to wander through this craziness, let us lead the way for you.  Let’s make sure you make well thought out decisions.  We’d be honored to have the opportunity to assist with your real estate needs and wants.

#MondayMotivation:  “The road that tells you the most about yourself is the one you’ve never been down.”

 

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#OffMarketListings #ComingSoon #DenverRealEstate #GreenwoodVillage

Every now and again, we have a listing or two that for one reason or another is not Active on the market.  This could be the result of the owner being not ready to show the property, repairs in progress, staging and incomplete market preparation.  Owners instruct us to start the “Buzz”, but they are not quite ready for the “Bite” of potential buyers stampeding their home.

Currently, we have two such properties.

  1.  7150 E. Berry Avenue Greenwood Village, CO 80111  As you can see, this is a large site in excess of 2 acres with front range views, and believe it or not, it is walking distance to the Orchard Light Rails Station.  Please contact us for a schedule on when showings will start.  It is listed at $1,600,000.IMG_0127
  2. Prairie Sky Place Lone Tree CO 80124  This lovely Berkeley Built Home in Lone Tree has a professionally finished basement, views onto The Bluffs Open Space and easy access to the Lone Tree Rec. Center.  At less than $800,000, when we have this active, it will go quickly! IMG_0128
Posted in Denver Real Estate, Denver Residential Real Estate, Greenwood Village, Lone Tree, Luxury Homes | Leave a comment

#DenverMarketWatch 4/16/2018 #SpringTimeintheRockies

imageGood Morning Everyone, this is what we’ve all been waiting for.  The spring selling season is upon us, and this market is bustin’ out!

With 1,554 New Listings and over 1,900 Under Contract Listings, we continue to see tight inventory and multiple offers.  The surplus of new listings from last week of 1,720 was gobbled up this week with 300 more under contract than last week.

New Listing (1554)
Back On Market (217)
Price Increase (148)
Price Decrease (707)
Under Contract (1923)  This is a really big number!
Withdrawn (135)
Leased (30)
Sold (1265)
Expired (161)

Let’s not underestimate the power in the fabric of this Denver Market.  The momentum in place here is really quite exciting.  No matter what we feed this market, it continues to want more.  This market is insatiable!  

Here’s the good news.  As we move further into the spring selling season, we should see more new listings.  We can’t wait to see how this unfolds, but we will be here each week keeping you up to date.  The excitement builds!

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#BasementFinish #Centennial

Centennial hosts free Basement Finish Workshop August 19!

All Centennial residents are invited to a FREE workshop to learn what it takes to tackle a basement finish project. This workshop is scheduled for Saturday, August 19 from 9 – 11 a.m. at the Centennial Civic Center located at 13133 E. Arapahoe Rd. Participants will learn about the permit

ting process, building code requirements and common pitfalls during the basement refinishing process. This workshop is hosted by the City of Centennial’s Building Division. For more information, contact the Centennial Building Division at 303.754.3312 or Shirley Berg at 303.263.7892.

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