@MyTownCryer #MondayMarketUpdate #DenverMarketWatch #Moab Utah #WeAreDenverRealEstate

Convention Center BearGood Monday Morning To You All!  Let’s take a look in the window…

WOW!  Look at this week’s MLS Stats.  Those Price Decreases are as high as I have witnessed.  But, with that being said, look at the number of Contracts and Solds.

New Listing (1640) This should bring some buyers to the party!
Back On Market (336)
Price Increase (119)
Price Decrease (1671)  More Price Reductions; this is HUGE!
Under Contract (1536)  This is a good week!
Withdrawn (212)
Leased (34)
Sold (1405)  This is a good week!
Expired (375)

It is clear from this perspective, the Price Decreases have put some properties under contract.  It is also clear from the numbers of closings and under contracts, we have a VERY healthy market moving into fall.  Buyers are still very present!  It’s a good life…

We took a little break last week.  Thanks for the pass!  Many of you may be wondering what happened to last week’s report.  Well, I was in Moab, UT.  Elvis sang a song back in the ’70s.  “Well I’ve never been to heaven, but I’ve been to Oklahoma…”  I’ve corrupted his song to a degree; “Well I’ve never been to heaven, but I’ve been to Moab, Utah…”

If you’ve been to Utah, you know what I’m writing about.  If you haven’t, I will not spoil it for you.  I’ll just end with this image:

IMG_0992

This picture is worth a thousand words, and it reports on millions of years.  We will not be here for millions of years, but we are here for you now.  If you have any real estate questions, please give us a shout, and “we will be there for you, every step of the way”…tc

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

@MyTownCryer #MMU #DenverMarketWatch 9/10/18

It's a good week!Customers ask us all the time, “What’s the best time of year to put a house on the market?”  There is no easy answer to this question, but here’s what we know.  First, statistically, a listing going active in the early spring tends to get closer to list price in a shorter period of time.  With that being said, we sell houses 12 months a year.  There are more listings available in the spring, but there tends to be more buyers too.  As we close out a year, we tend to “run out” of “fresh” inventory, and as a result, listings tend to languish longer because they are not fresh.

So the answer to the question is simple, pick up the phone, give us a call, and let’s discuss YOUR goals.  Your property is unique to you and the market, don’t let generalities guide your decisions, let’s look for answers that make sense for you!

DENVER MLS for the Week of 9/10/18

New Listing (1653) Inventory is turning toward buyers.
Back On Market (306)
Price Increase (142)
Price Decrease (1428) WOW, This is a big number!
Under Contract (1463) No surprises here!
Withdrawn (167)
Leased (42)
Sold (1236) Pretty slow week comparatively!
Expired (262)

As you can see above, it was a week with little excitement.  One of those 1,653 was ours, one of those 1,236 was ours and one of those 1,463 was ours.  We are constantly “in the market”.  Don’t hesitate to contact us.  It’s a lovely day in the neighborhood!

(This picture was from Portrait Mode on my iPhone behind my house a couple of days ago as sunrise.  The early morning fog diffused the sunlight making it look like fire…tc)

Posted in Castle Pines Village, Cherry Creek State Park, Cherry Hills Village, Denver, Denver Broncos, Denver Market Watch, Greenwood Village, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Lone Tree, Uncategorized | Leave a comment

Great Prices on Great Listings!

Bet you can’t take your eye off of this view!

7150 E Berry Ave Englewood CO-print-003-39-Exterior Front-2700x1800-300dpi7150 E. Berry Ave. Greenwood Village, CO 80111

 

 

 

Walk to everything including Light Rail and Target!  Lone Tree at it’s most walkable.

IMG_012810365 Prairie Sky Place Lone Tree, Colorado 80124

 

 

 

 

Castle Pines Village at its most dramatic.  This is a must see Listing!

641 Ruby Trust Way Castle Rock-print-042-67-Exterior Rear-2700x1800-300dpi641 Ruby Trust Way Castle Rock, Colorado 80108

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

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch #SeptemberMarket

Kentwood WordieA short week, a short blog post and more to follow next week!

Here is our impression of the Weekly MLS report.

New Listing (1240)  Not much here!
Back On Market (279)
Price Increase (164)
Price Decrease (1245)  Even in a short week, this is a big number!
Under Contract (1385)  Not bad for a short week!
Withdrawn (189)
Leased (35)
Sold (1573)  All those Realtors out there needed a paycheck heading into the holiday!
Expired (495)  They picked up their ball and went home!

Tom@Kentwood.com  DCryer@Kentwood.com  We are here for you…tc

Posted in Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Denver University, MyTownCryer - Denver Real Estate - Tom Cryer, The Denver Market Watch, Uncategorized, university of denver | Leave a comment

MyTownCryer DenverMarketWatch | August 2018

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

View this email in your browser

August 2018
Newsletter Header
Kentwood Real Estate
Denver Housing Market Experiences Seasonal Slowdown

As the summer housing market starts to draw to a close and the expected seasonal slowdown starts to take root, prospective home buyers might find they have a few more choices before signing on the dotted line. Read More >>

13 Colorado Fall Festivals Not to Miss

Throughout the Front Range there are events, festivals, and gatherings of all kinds to celebrate the changing of the seasons. We’ve helped narrow it down to some of the best Colorado Fall Festivals that you should check out this year! Read More >>

What Style of Home Fits You?

Do you know what your dream house looks like? With the numerous styles out there, it might be hard to discern between them. To help you find your dream home, we came up with a list of the more popular styles of homes and what they look like! Read More >>

Featured Properties
641 Ruby Trust Way
641 Ruby Trust Way, Castle Rock CO
You won’t want to leave. Purposely placed at the end of a wooded cul-de-sac, this sophisticated Austin Signature Homes custom 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&rdqu…
Full Property Details »
10365 Prairie Sky Place
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…
Full Property Details »
7150 East Berry Avenue
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 »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
Visit Our Website »
Facebook Fan Page Icon LinkedIn Icon Pinterest Icon Twitter Icon Youtube (Channel) Icon
Market Snapshot
Market Movers
The Source Hotel, the second hotel in RiNo, has recently opened their doors. The hotel boasts cool architecture, great views, one-of-a-kind restaurants and even a brewery!

It’s not only housing prices that are rising. Apartment rents also are at record levels, despite all the apartment buildings going up in the Denver area. So, if you don’t want to buy a house because you think they are too expensive, you won’t escape rising prices by renting an apartment in today’s market.

It’s official. After years of study and controversy, the Colorado Department of Transportation has started construction on the widening of the eastern stretch of Interstate 70.

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.
Display Ad
Kentwood Real Estate Kentwood Real Estate
4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

EHORealtor

muwu561hemu
©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.
Posted in Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch

Fall Maintenance Checklist

Fall Maintenance Checklist

Mondays are always better when the @Broncos win over the weekend.  So let’s talk about something new and different today.

First, I would like direct your attention to the weekly MLS numbers presented below.  Moving toward the end of summer and now focusing on fall, these numbers are very strong except for the number of Price Decreases.

New Listing (1636) This is a very healthy number!
Back On Market (302)
Price Increase (102)
Price Decrease (1463) As noted last week, this number is very telling.
Under Contract (1631) Very strong number!
Withdrawn (202)
Leased (49)
Sold (1483)  This is not a record, but it is a strong steady week.
Expired (221)

Looking forward into late summer, and fall, What is the market telling us?  I think the number one thing we are being told is the numbers don’t lie.  For many weeks now, Sellers have had to adjust their thinking and improve their prices.  These price reductions as reported last week are an indication of future trends as well as historical data.

This week’s report is the last in August.  As we turn the corner into September, we will be keeping a keen eye out for you and bringing the latest market news every week.  So, Subscribe, Follow, Like and Connect.  We’ll keep a light on for you!

Dee and Tom Cryer 303-773-3399, we will call you back!  In the meantime, please get after all those fall chores!

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

Our August Gallery Magazine Is Now Available

A Virtual Coffee Table Magazine
View this email in your browser
The Best Homes in Denver
Kentwood Listings!
The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Visit 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 © 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.
Posted in Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #NumbersDon’tLie #Buyers’Feedback

Smartest Guy in the ClassAs we approach the last week in August, as school starts up again and the cool nights start to make summer just a memory, it’s important to note; The numbers don’t lie.  Earlier in the year we saw maybe 300 listings a week with price reductions.  Now we are seeing close to 1,500/week.  This is a clear indication sellers are listening to the feedback from showings, hearing the noises of a changing market and their reaction is resulting in price reductions in large numbers.

Our weekly MLS numbers once again reveals to the #DenverMarketWatch, what’s really happening.  You may not like what they are saying or maybe you do.  The fact remains, we are in a different market today, than we were in March.  Let’s keep an eye out for more change as we move into this election season.  Only time will tell!

New Listing (1660) This is a good week.  Anything over 1,500 creates supply for buyers.
Back On Market (323)
Price Increase (117)
Price Decrease (1474)  Wow!  This number is crazy big!  Sellers are fighting for buyers!
Under Contract (1634) This is a very good week for contracts, but we’ve seen bigger.
Withdrawn (192)
Leased (35)
Sold (1487)  Strong week, but we’ve seen better.
Expired (298)

Overall, the #DenverMarketWatch tells us our numbers are generally good, but watch that “Price Decrease” number.  This reflects a market where sellers finally have to pay attention to the buyers’ feedback.

As always, we here for you to help dissect the numbers, clear the path and help light the end of the tunnel to make your home transaction as smooth as possible.  Don’t hesitate to give us a call.  Tom & Dee 303-773-3399

 

Posted in Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Real Estate Residential Denver, The Denver Market Watch, Truth vs. Fear in the Residential Market, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #twoadays

Good Monday Morning Everyone!

Convention Center BearThat’s right, it’s that time of year again.  Football players all over America are participating in Two-a-Days.  That’s when it is so hot outside, there’s a practice in the morning and then again in the evening.  In between there classroom work.  “Are you ready for some football?”

As you well know, this blog is not about football, but the residential market can learn a lot from football.

  • First, residential markets have to take breathers, just like football players.  A market can’t go at 100% year after year after year or month after month after month, etc.
  • There are Allstars in football.  Players that out perform other players on the same field.  Residential real estate has geographic areas that out perform others.
  • There are referees in football.  Residential real estate has quasi-referees such as mortgage rules, appraiser rules, inspections, title, HOA, etc.
  • Football has competition with other forms of entertainment, and residential real estate has competition from other financial instruments.
  • Finally, there is only so much time in this crazy world.  Residential real estate take a lot of time.  Time to buy, time to sell, time to maintain, time to upgrade, etc.

Competition is everywhere!

With all this being said, Shelter is a common goal around the world for households.  In spite what you hear or read, homeownership in the most economically productive economies is the highest.  As an example, in the US, we have a homeownership participation of about 63% which has been as high as 67%.  Homeownership is part of the plan.  When citizens are vested in their communities, schools perform better, crime is lower and values are stronger.  Encourage homeownership.  It’s important, and it works for all of us!

As for this week’s #MondayMarketUpdate,

we have a lot to discuss from this MLS data.

New Listing (1602) This is a strong number, but not spectacular!
Back On Market (308)  About 20-25% coming back on the market, this is a growing number.  Let’s keep our eyes on this one!
Price Increase (179)  The ratio of price increases to price decreases is about as big as it has been in 2018.
Price Decrease (1503)  As we said  before, these are sellers that want to “get it done” by years end.
Under Contract (1608) Once again, this is a strong number but not earth shattering.
Withdrawn (253) Hidden in all these numbers is this little GEM!  Sellers giving up is slowing down.
Leased (50)
Sold (1317)  This is a little weak.  I would have like this number to be about 1,400-1,450.
Expired (267)

Long story short, Denver’s residential market remains healthy, but is starting to pick up some competition from other markets, its tickets are starting to cause buyers to look elsewhere, and the competition for buyer’s and seller’s time is becoming visible not only anecdotally, but also, in “the numbers”.

It's a good week!On the horizon in the coming season will be a very contentious election, a consensus of increasing interest rates, and an uncertain global track.  Don’t worry, we will be here every step of the way to provide the kind of insight every seller and buyer in this market needs.  Please do not hesitate to call!  Dee and Tom 303-773-3399

 

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

#MarketMondayUpdate @MyTownCryer #PriceDecreases

Good Morning Everyone!

IMG_0050This is going to my my anecdotal rant on the market 8/6/2018, today.  A few years ago, I wrote about our bifurcated market.  What I meant then as well as today is simple.  We have a HOT MARKET, and we have a not so hot market.  For instance, I was showing homes on Saturday under $600K east and west of Denver University.  Most everything we viewed was physically old and tired, but some of it was well priced and I’ve been notified that at least one has a full price offer in place.

So, under $600K around DU is HOT.  We can sell not so nice properties around DU with not much effort.  Other price ranges and neighborhoods might not be so hot.

As we creep up in price and move away from the city center, demand is not so crazy, activity not so brisk and price appreciation may have left these market segments for the time being.  On the surface these stats are very strong, but is there a crack in the dam?

Weekly MLS Stats 8/6/2018

New Listing (1746) Interesting to note New Listings vs. Under Contracts vs. Sold…
Back On Market (355)
Price Increase (177)
Price Decrease (1578)  As we reported last week, earlier in the year this number was 300/week.  This is a “bellwether” number.  It may be predicting the future!
Under Contract (1776)  This is a very strong week.
Withdrawn (222)
Leased (42)
Sold (1815)  Wow!  This is a good week!
Expired (466)

So, what does all this mean?  In the last 5 years, there has never been a more important time PRICE APPROPRIATELY!  Heard last week:  “The market is smart, you can’t under price a listing“.  Effectively, in today’s market, it is not the time to price ahead of the market.  In fact, it may be the time to price behind the market.  Historically, buyers are seeking a home value at last years prices and a seller is seeking a sale price at next years prices.  Don’t swing with the market, your list price strategy should lead the way to success.

With rates inching up, election distractions, global tensions and the bifurcated market trends noted above, it just might be the time to reach out, discuss your plans, become armed and ready for what’s to come.  We do it all the time, come stop by our new office and we can make it happen for you too!  TheCryerTeam@Kentwood.com  

 

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