Denver Market Watch with 2020 Vision 06/30/2020

We’ve become a #Hashtag world.  If it’s more than 140 characters, it most likely will not be read, seen or impactful.  But, I love doing these weekly updates; They keep me current, hopefully it gives you something to talk about, and last but not least, I always enjoy it when you pick up the phone because it was a conversation starter!

So let’s dive right into it!  Can I say, “More of the same”?  In a world so fractured, it is fantabulous I’m able to come to you with a weekly report and say, “More of the same”!  But it is #MoreoftheSame!  We are clearly rolling into the same seasonal data stream I would have been reporting in 2018, and 2019.  “We don’t have enough supply, pending properties are in some respects are above seasonal norms and closings have grown to a point equal to or greater than previous years on a weekly basis.”  As a result, “it’s a good life”.

MLS Weekly Market Watch

New Listing (1358) This is a low weekly numbers, but good for sellers!
Coming Soon (149)
Back On Market (320)
Price Increase (271)
Price Decrease (1114)
Pending (2044)  This is such a good number!
Withdrawn (202)
Leased (111)
Closed (1680) This is a strong number for the summer season.
Expired (180)

Why is 1,680 Closings a good number?  If you multiplied 1,680 X 52 Weeks the result would be 87,360 Transactions.  Our MLS number rarely if ever gets to 60,000 transactions in a year.  1,680 Closings is a big week!

We have some exciting new listings coming up for the second half of 2020.  Dee and I have been busy behind the scenes talking to our potential buyers and sellers regularly, and they are seeing the light at the end of the tunnel, and we can’t wait to show you what’s next.

While you are waiting for this new stuff, we have received an incredible price strategy for (Click Here) 790 International Isle Drive, and we believe it is worth another look.  At just $1,725,000 right now, it is a super bargain and well below its replacement cost.

As always, we are real estate busy everyday.  So far in 2020, our transaction volume has been more than double the office average and more than 5 times the average found in our MLS.  How can that be?, you ask.  Dee and I embraced technology early and often.  We became expert at selling a listing with FaceTime years ago.  In today’s world, everyone is under huge time constraints, and visiting a property “at large” has become the de rigueur particularly in the Covid Age.

Street SceneIf you would like to learn how we can protect your home as a new listing or if you would like to find your next home without fear of the Covid, we’ve been there and done that.

TheCryerTeam@Kentwood.com  and 303-638-3202.

 

About Tom & Dee Cryer

Your Friends in the Homeownership Business!
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