Every Tuesday Morning I try to post the weekly update from the Denver MLS System , and then link it to a metaphor having everything to nothing to do with #DenverRealEstate. As you can see above, this week is Wabi-Sabi. I picked this concept up from one of my coveted Overland Journals. After Googling, Wiki-ing and more, I have decided this concept is one of THE BEST metaphors ever for #HomeOwnership!
The concept written in #OverlandJournal goes like this, “Nothing lasts, nothing is finished and nothing is perfect”. Does this frame #homeownership perfectly or what? Wiki’s quote is somewhat less human, but still the same idea, “imperfect, impermanent, and incomplete”… I know our house is all of the above!
Anyway, let’s take a look at the Denver MLS market report for the last 7 days.
|New Listing (749) Once again, we are always running short of new inventory!|
|Coming Soon (267) This is about double from last week. Hope and a prayer this continues!!!|
|Back On Market (119)|
|Price Increase (351)|
|Price Decrease (246)|
|Pending (1545) This is a big mid-season number. Demand is clearly running ahead of Supply!|
|Closed (1733) Wow, this is climbing every week, week in and week out…|
Let’s talk anecdotally this week. We placed one of our listings under contract after 45 showings and 12 written offers above list price. We fought for one of our buyers with a $425K listing. We went in over $430,000, but it was subsequently revealed to us the winning buyer went in $100K over list price and had a no contingency offer. No appraisal, no inspection, no nothing; this is very dangerous ice to tread on!!!
So, what’s the point of all this? No market lasts, no market is ever finished, and far and away, no market is perfect. Managing this constant ebb and flow is our job, our chosen profession and our honor. We don’t sell. We represent our buyers and sellers to the best of our abilities. It’s a balancing act of Wants, Needs and Budgets. In the end, representing an individual or family with their “priced possession” is a privilege not to be taken lightly and not to be ruched into.
We want to earn your trust too…tc