What do you think? Check out this home I found on Zillow.
What do you think? Check out this home I found on Zillow.
New Listing (1626) A nice week for buyers, supply is good.
Back On Market (281)
Price Increase (176)
Price Decrease (1597) Sellers want to get the deal done before year’s end.
Under Contract (1484) Buyers are busy looking for the best deals and buying!
Sold (1656) This is a very strong week.
Expired (537) Pay attention to this. Sellers are giving up!
As always, we are constantly in the Denver Residential Market. We want to share what we know with you. Just give us a jingle, and we’ll be there…tc
Wow! The rate of price reductions in the Denver Market is accelerating! We don’t normally do #MidWeekUpdates, but with 1,720 price reductions in the last 7 days is huge. What does this mean?
It means, approximately 20% of our inventory has had a price reduction in the last week!
New Listing (1483)
Back On Market (311)
Price Increase (125)
Price Decrease (1720)
Under Contract (1517)
We’ll keep you posted…tc
Good 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!
Sold (1405) This is a good week!
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:
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
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!
Sold (1236) Pretty slow week comparatively!
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)
Bet you can’t take your eye off of this view!
Walk to everything including Light Rail and Target! Lone Tree at it’s most walkable.
Castle Pines Village at its most dramatic. This is a must see Listing!
A 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!
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
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!
Sold (1483) This is not a record, but it is a strong steady week.
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!