We all know Independence Day is more than grilling hotdogs and consuming beer. It was more than George Washington crossing a river. Independence Day celebrates the birth of a sovereign nation. That nation as we know it today has achieved greatness. I think that goes without saying, but I like hearing it, over and over again.
The United States might not be perfect, but it does so many things so well. We share more than any other nation on earth. When in need, we are the “bread basket” to the world. I could go on and on, but one thing stands out the most for me. I have been to Washington DC many, many times. It clearly displays our past and future along the National Mall, it attracts country representatives from all over the world. It attracts every lobby group you can think of, and it tries to solve problems. Here’s the kicker. It moves so slowly, many times the problem being solved, solve itself in the meantime. I’m a big believer in less human intervention is better. We don’t seem to be very good at predicting our “unintended consequences” very well.
What does all this have to do with the #DenverMarketWatch? The freedoms we enjoy, the stability of our country and the incentive to achieve allows 65% of our households to be homeowners. About another 15-20% do not want to be homeowners or live in a community where it is cost prohibitive to be a homeowner. Finally, there is a group of Americans being left behind. Education, Demographics or Life Station acts as a barrier to homeownership. I’ve written it before, and I’ll write it again now, “Homeownership is important. Skin in the game makes communities stronger, safer, more productive and enjoyable.” Vote for candidates supporting homeownership!
This week’s report, I’m happy to say, shows great strength again! The MLS reports 1,841 closings in the last 7 days. A lot of homeowners are going to be celebrating their moves over the Independence Day Holiday. What better way to enjoy this weekend?
New Listing (1593) A great week of new inventory for buyers!
Back On Market (300)
Price Increase (159)
Price Decrease (1605) This is starting to be an issue for our market. Over pricing is rampant and buyers are not sophisticated enough to mark market offers.
Under Contract (1621) A very strong week in the MLS system here!
Sold (1841) This is a very strong number, very strong!
In closing today, I’d like to discuss something that has been a focus of ours for many years. We’ve all heard, “Figures don’t lie, but liars figure.” Haven’t we? With our listings we focus on Statistics and Anecdotal Feedback Responses. One without the other is not complete. Relating statistics to showing feedback is instrumentally telling. When we can show how many showings you’ve had to the number of page views you’ve had with the corroboration of the feedback, we can move forward with the appropriate game plan on pricing, staging and marketing. It works every time.
Failure to plan is a plan for failure, please give us a call. Remodeling, don’t do it without some market advise. You may love your plan, but will the next buyer love it? Sooner or later, everyone sells their home. Good decisions pay off!
Dee and Tom Cryer TheCryerTeam@Kentwood.com 303-773-3399