#MondayMarketUpdate @MyTownCryer #Fog

Good Morning Everyone!

Fog 2018

Sometimes the Fog Blocks Our View…

As you know, we publish this weekly update to keep our followers across all media informed.  It becomes more difficult to anticipate what the trend will be for the rest of the year about now.  Here’s what we know.  We still have below normal supply, and we almost identical levels of new product coming on the market as last year.  We have higher rates than last year, and we have higher energy costs than last year.

Here’s my prediction, seller’s will become frustrated more often by not going under contract right away like last year.  This will lead to more price reductions than in the past.  Buyers will become more demanding on sellers for condition, appeal and quality items.  No longer will they “Take it ‘as is'”.  Sellers will be forced to make repairs and/or credit buyers for these items.  Rates are going to swing within a narrow range.  Seldom if ever do we see big rate moves during an election year.

Speaking of elections, don’t expect September and October to “add big” to the numbers as we move into the fall season.  This election will be stirred up in the media.  Many will become captivated.

So, that’s why we may be in a fog, just like this morning, for the rest of the year.  What do you think is going to happen, and how should we adjust to the market?

The “Dog Daze of Summer” are upon us.  Note our comments below.

Denver MLS Report/Last 7 Days

New Listing (1925)
This is typical of the season.
Back On Market (312)
Price Increase (156)
Price Decrease (1378)
This a huge number!
Under Contract (1717)
Coming off a holiday week; normal.
Withdrawn (215)
Leased (48)
Sold (1467)
A good week, but not great.
Expired (234)

Kentwood WordieMore than once in our careers, we have been faced with a change, a nuance, an outside influencer and more.  The market is always changing, and one neighborhood can perform better or worse than another depending on; you guessed it, Supply and Demand.

Let us help you through this, “Every Step of the Way”.

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TheCryerTeam@Kentwood.com shared a home on Zillow

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

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Shared Listing
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"Check out this home I found on Zillow."
ISadgqkxneruma0000000000.jpg Shared by
TheCryerTeam
Home photo
red-icon1.png For Sale
$1,800,000
4 bd, 7 ba, 9,148 sqft
641 Ruby Trust Way, Castle Rock, CO
View home

See Similar homes nearby

Home photo
red-icon1.png FOR SALE
$3,000,000
6 bd, 8.0 ba, 8596 sqft
651 Ruby Trust Dr, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$1,049,000
4 bd, 5.0 ba, 4605 sqft
633 Castle Pines Dr S, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$1,179,000
3 bd, 4.0 ba, 5666 sqft
5111 Pine River Trl, Castle Rock, CO 80108
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MyTownCryer DenverMarketWatch | June 2018

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

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July 2018
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Kentwood Real Estate
@Kentwood Broker Tour Fun!
Sometimes, we just have to have a bunch of fun in this business. Last Wednesday during our weekly broker tour we had our new listing at 641 Ruby Trust Way on Tour. Besides the fact that this home is beautiful, we wanted to spread everyone out and cover all the grounds.

This home has INCREDIBLE landscaping. In order to feature the yard, we decided to employ some fun and games. Dee’s ideas turned into full coverage of the entire property.

We sponsored an Amazon Gift Card Scavenger Hunt. Participation was strong, but based on the winners; speed, youth and eyesight may be key characteristics necessary to win at this fast paced game.

The first winner was Clark Jackson from way down into the gardens on the lower level. Although Clark was the first one to see the second gift card, she could not get there before Phelps Blair picked it up from the edge of the putting green. Finally, from the top of the water falls, Jeff Lopez risked life and limb to capture the elusive third gift card. Everyone was such a good sport, and everyone continued on tour with a bit of energy and fun associated with a good old fashion scavenger hunt.

In addition, we have a lot going on right now. We just returned from a lovely Baby Shower for our Grand Daughter (We know the name…). We’ve been Grand Puppy Sitting. And, we anxiously await the newest members of the Cryer Clan.

We have some fabulous new listings. This market remains "Red Hot", particularly under $500K, and in certain neighborhoods, there is virtually no inventory. Keep us in mind as you move through the Residential Jungle, and we will take the time to show you where the next "vine is hanging".

Safe Travels Everyone!

The Number of Homes in the Denver Real Estate Market Continues to Rise
There is good news if you are a prospective home buyer in the Denver area. Last month, the market experienced a near 25% increase in the number of homes on the market from April, with an active inventory of 6,437 single-family homes, townhomes and condominiums. Read More >>
Best Swimming Spots in Colorado
Looking for a way to cool off this summer? Colorado might be landlocked, but there are still plenty of incredible places to take a swim. Make your way to some of the best and most beautiful swimming spots in Colorado! Read More >>
Matching Window Style to the Style of Your House
Whether you are building a new home or remodeling an existing one, the window style you choose will help define its look. The right windows just seem to fit the design and complement other building components. Read More >>
Featured Properties
A Custom Carmel Ranch!
7150 East Berry Avenue, Greenwood Village CO
The most picturesque cul-de-sac site in Greenwood Village awaits you. Live on 2+ acres and walk to breakfast, lunch, dinner AND light rail! You will not believe how private yet accessible this home truly is! Turning up its private drive, all the stresses of the day fade away. You will be greeted by mature growth pines, flowering trees, and blooms from a variety of perennials and shrubs from Spring through Fall. The mountain views are panoramic and will be enjoyed from every vantage point f…
Full Property Details »
Castle Pines Village at Its Best!
641 Ruby Trust Way, Castle Rock CO
Perfectly Poised at the end of the cul-de-sac, this sophisticated Austin Signature Homes custom built ranch offers unparalleled appointments, flawless finishes, and impeccable condition. The storybook setting with its cascading waterfalls, stone walkways, and flower gardens sits amongst mature-growth pines. Views in the evening are as spectacular as those during the day and can be captured from almost every window and vantage point. A grand entry invites you in with lightly hand troweled w…
Full Property Details »
Cherry Creek Vista and Cherry Creek Schools
10775 East Maplewood Drive, Englewood CO
Don’t miss this well maintained and tastefully updated 2-story home in the popular Cherry Creek Vista neighborhood. Proximate to Cherry Creek State Park and in the award-winning Cherry Creek School District, this home checks all the boxes! Purposefully chosen by the current owners for its quiet street location and south facing driveway, this gem enjoys the always desirable, oversized 3 car garage, daylight basement, and vaulted ceilings. Big ticket items completed in 2015 include a Cer…
Full Property Details »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Testimonial
Tom and Dee are the ultimate real estate professionals. Their step by step process in selling our house was amazing. Even more amazing is the way they educate their clients and present options to them based on the scenarios at hand. Perhaps their best asset is that they truly care about their client’s best interest. This was evident during the sale if our home. With our experience with them, it is without reservation or hesitation that I recommend them for all your real estate needs. You will not regret it.
-Brett M.
Kentwood Real Estate Kentwood Real Estate
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 #4th #Crazy Week

641 Ruby Trust Way Castle Rock-print-042-67-Exterior Rear-2700x1800-300dpiWhen a National Holiday divides a week like it did last week, it is impossible to predict what might happen in our market, but it had a HUGE impact.  Look at those numbers!

Denver MLS Weekly Report

New Listing (1416) Certainly a slow week here!
Back On Market (308) We had one of these, buyers are crazy right now!
Price Increase (225)
Price Decrease (1042) As we move later in the year, this number will grow.
Under Contract (1566) Not a bad week, but nothing like the last two weeks.
Withdrawn (163)
Leased (39)
Sold (1386) This is a particularly slow week based on recent weeks.
Expired (257)

7150 E Berry Ave Englewood CO-print-005-45-Exterior Rear-2700x1800-300dpiMoving forward, we are anecdotally observing some build up of inventory in our perimeter markets particularly in our higher priced markets.  Close in under $500K still remains strong when well presented and well located.  If I was going to predict the future, I would predict that by year’s end, we will be experiencing a well defined “bifurcated market”.  This means price range and location will be the defining characteristics as to how “hot” said market is.

As always though, if you have any questions, concerns or just need an interested party to help you out, please, give us a call…tc

Posted in Caslte Rock, Castle Pines North, Castle Pines Village, CASTLE ROCK, Cherry Hills Village, Greenwood Village, Uncategorized | Leave a comment

@MyTownCryer #DenverMarketWatch #MondayMarketUpdate

Good Morning Denver Home Buyers and Home Sellers!

img_0447A few weeks ago, I mentioned we were just about to breakthrough the 2,000/week threshold.  Well, this week we did it!  We closed 2,037 transactions last week.  Title Co’s were busy!  That’s a great number, and it is completely in line with historical seasonal activity.  We close more homes in June every year than we do in December.

Weekly Denver MLS Statistics Below

New Listing (1790) This has become a routine number.  No surprises here.
Back On Market (319)
Price Increase (140)
Price Decrease (1304)
Under Contract (1799) Once again, no surprises here.
Withdrawn (194)
Leased (61)
Sold (2037) WOW!  The fruits of our labors have manifested themselves in this number.  Good Work Realtors Everywhere!
Expired (396)

As we do every (almost) Monday, we like to provide a little update and motivation.  In spite of what goes on in Washington and the rest of the world, Denver continues to live in this magical world of Supply and Demand.  Right now, below $500K, Demand exceeds Supply.  As we move up the price scale, we see some build up of inventory, but the numbers, on an historical basis, are still very strong.  No problems to report today.

Dee and I have a number of “Off Market Listings” right now.  They will be coming on the market over the next 60 days.  We are working on pricing, staging and market prep.  If you have a special need, we may have it coming to market soon.  Call us, and maybe the seller will let you in early.

It's a good week!In the meantime, have a great week, enjoy the merits of this special holiday.  Let’s all fly a flag for our great nation!

Posted in Caslte Rock, Castle Pines North, Castle Pines Village, CASTLE ROCK, Centennial, Cherry Hills Village, Denver Market Watch, Highlands Ranch, Highline Canal, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Uncategorized | Leave a comment

Weekly MLS Update 6-25-2018 #DenverMarketWatch #MotivationMonday

Good Morning Everyone!  Please fasten your safety belts and raise your tray tables….

cropped-img_0841.jpgAs we roll into the last week of the first half, we’ve seen all kinds of volatility from Wall Street and other world markets.  We’ve seen a roller coaster in the interest rates, but my bet is we’ve seen most of the highs for the year already.  As we march into the summer malaise, we are still seeing homes with desirable location/site characteristics and certain floor plans still being chased by market participants.  We had multiple offers over the weekend on a list price of $1,750,000.

I’m betting this type of demand will continue through out the rest of 2018.

Weekly MLS Update

New Listing (1859)  A very strong number, but not as good as last week.
Back On Market (296)
Price Increase (143)
Price Decrease (1303)  I said we will be watching this more closely.  Are list prices too high?  This is a big number!
Under Contract (1792)  Once again, a very strong number but not as good as last week.
Withdrawn (146)
Leased (40)
Sold (1546)  We continue to post strong closing numbers!  On an annual basis, this is over 6,000 per month!
Expired (235)

Finally, for this week’s update.  While we still see buyers chasing “special” listings, on the flip side of this coin, we continue to observe properties where location, style, floor plan or condition are very off-putting in this market.  Buyers have become very critical of condition and “appeal”.  If a property does not have the correct layering of desirable characteristics, it has to be “priced right”!

If you need experienced expert help on Pricing It Right, just pick up the phone and call.  We will call you back! Safe Travels…tc

 

Posted in Castle Pines Village, Cherry Hills Village, Denver Market Watch, Greenwood Village, Uncategorized | Leave a comment

Yippee! It’s Summer!!!

It’s the best time of year to buy a new home. Let us show you the way…tc

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641 Ruby Trust Way – For Sale – 80108

641 Ruby Trust Way Castle Pines Village, CO 80108

641 Ruby Trust Way Castle Rock-print-003-18-Exterior Front Entry-2700x1800-300dpiA magnificent ranch purposely placed at the end of a quiet cul-de-sac in Castle Pines Village.  Call to set your appointment today…tc

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#DenverMarketWatch #MotivationMonday

Good Monday Morning Everyone!

Supply vs. Demand

Supply vs. Demand

Wow, there is some NEWS in this week’s update.  Almost 2,000 new listings, almost 1,200 listings with price decreases and almost 1,900 went under contract.  This was a very busy week.  As we roll into the typical “malaise” surrounding the 4th, it will be interesting to see if these numbers continue to impress us like this week.

Weekly Denver MLS Report

New Listing (1955)  This is a HUGE week!
Back On Market (293)
Price Increase (132)
Price Decrease (1193)  This is not good news for sellers.  Can you say competition?
Under Contract (1891)  This is a very solid week and well above average.
Withdrawn (139)
Leased (42)
Sold (1534)  This is a good seasonal number!
Expired (206)

I’ll be brief this morning!  I just want to remind everyone we have two very solid listings recently active.  Our off market listings are coming to the market this week!

The first one is at 641 Ruby Trust Way Castle Pines Village Click and take a look.  This is a tremendous value.  At $1.8M, we are substantially below replacement cost.  This one is ready for showings right now!

Next up is 7150 E. Berry Ave.  This is ready for showings at the end of the week.  Take a quick look right here.  This one offers incredible Greenwood Village access to everything!  Should have a great “walk score”.  At $1.75M, this one will fly off the shelf!

Finally, we will be ready to provide the address and final price on our new Lone Tree listing this time next week.  It will be coming in around $800K.

Check back often, because we always have something new coming up.  Enjoy the week…tc

Posted in Castle Pines Village, Greenwood Village, Lone Tree, Uncategorized | Leave a comment