Good Monday Morning Everyone!

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Withdrawn (139)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