#DenverMarketWatch 3/12/2018 #GoldenAge

IMG_3698As we approach the end of 2018’s first quarter, there are some notables you should know about.

First, the trend of more Under Contract Listings each week continues to far exceed the number of New Listing each week.

Second, our Sold and Closed Listings remains strong and continues to grow as one would expect.

Finally, with all the hoopla about interest rates increasing, so far, this has been a non-event.  We are keeping a close eye on this one, but in the meantime, let’s hope they will level out and show some status quo.

Below, you will find this week’s numbers.  You can see from my comments, they continue to offer more of the same.

New Listing (1356)  (Too Few; where are the sellers?)
Back On Market (210)
Price Increase (176)
Price Decrease (523)
Under Contract (1736)  (This is a huge number!)
Withdrawn (101)
Leased (39)
Sold (1115)  (This is a sold/strong number.)
Expired (168)

In the coming weeks, I will be addressing some of the reasons we don’t have enough inventory, and why this will continue into the foreseeable future.  In the meantime, let’s take full advantage of what’s in front of us right now and enjoy!  This is truly a Golden Age of Denver Residential Real Estate.

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#DenverMarketWatch 3/5/2018 #ShortSupply #It’sAHorseRace

IMG_3698Well, here we are.  It’s once again time for a Monday Market Update!  As you can see below, we have more Under Contracts than New Listings once again this week.  Also, the number of closings was up significantly.  All of these indicators are signs of a very strong market.

Anecdotally, we had 6 written offers on one of our listings over the weekend.  Sellers still look at “cash offers” with smiles on their faces.  Potential buyers gave up their rights to appraisals, inspections and increased earnest money to extravagant levels.  The right house in the right location commands significant market attention.

New Listing (1329)
Back On Market (193)
Price Increase (188)
Price Decrease (534)
Under Contract (1653)
Withdrawn (119)
Leased (41)
Sold (1635)
Expired (326)

As the year unfolds into the weeks ahead, please don’t underestimate how important it will be to get on the market earlier in the year than later in the year.  Please give us a ring.  Thank you!

Posted in Arapahoe Road, Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Denver Transferees, homestead, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Kentwood Co., Kentwood Relocation Services, Thomas Cryer, Uncategorized, Welcome to the City of Centennial | Leave a comment

7148 S. Niagara Ct. #HomesteadontheParkway #ForSale

Living

Here it is!  Click Here!

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#DenverMarketWatch 2/26/2018

IMG_3655WOW!  I just can’t shout loud enough to be heard.  Over the last week, once again, we continue to put more under contract than we add new listings; by a HUGE margin.  This is clearly being demonstrated in our “core neighborhoods” with multiple offers still ruling the day.  Buyers are finding out about new listings simply on whispers.

Does that garage sale mean they are selling?  It’s not quite that easy, but we have stopped at a lot of garage sales over the last couple of months.  Maybe it’s true.  Maybe we do need a bigger town…

Look at these numbers below:

New Listing (1015) We put 500 more under contract than we listed.
Back On Market (174)
Price Increase (157)
Price Decrease (480)
Under Contract (1502) We are not bringing enough new listings to the the market!
Withdrawn (106)
Leased (28)
Sold (993) Another great week of closings.
Expired (141)

Long story short, if you scroll back over the last 8 weeks and catch up on these posts, you will find this trend is the “normal” in our market so far in 2018.  We’ll keep you posted, but you need to follow us!

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7148 S. Niagara Court Centennial, CO 80112

We couldn’t be more proud to present a new listing to the market.  Showings start soon, so stay tuned.  Updates will be posted here.

NiagaraRarely does one find an active listing in the quaint enclave of Homestead on the Parkway.  Surrounded by 120 acres of dedicated SSPRD Open Space, included in the Homestead in the Willows HOA with access to 3 pools, 8 tennis courts and miles of scenic greenbelt pathways, this truly is a gem.

So, without further adieu, may we present 7148 S. Niagara Court Centennial, CO 80112

For all the MLS Data click here.

 

 

Posted in Centennial, Denver Housing, Denver Market Watch, Denver Real Estate, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Uncategorized | Leave a comment

#DenverMarketWatch 2/19/2018 #ShortSupply

Supply vs. Demand

Supply vs. Demand

Good Morning Everyone!

Once again, New Listings are up for the week, BUT can you see it?  Under Contracts are killing it!

Never fear, Dee and I have 4 new listings #ComingSoon.  #GreewoodHills, #HomesteadontheParkway, #RidgeviewHills and #HarvardGulch.

As you can see, we are doing our best to keep up with demand, but we need more active listings!

New Listing (1144)  Nice add to supply…
Back On Market (176)
Price Increase (121)
Price Decrease (474)
Under Contract (1447)  WOW, another HUGE week of activity!
Withdrawn (114)
Leased (34)
Sold (941)  Closings are down from last week, but still strong.
Expired (151)

When all is said and done, the big picture still looks extremely bright for the Denver Residential Market.  That being said, there are still going to be pockets where market conditions are stronger and weaker than the averages.  Please keep this in mind, and don’t be hesitant to give us a call and hear our take on the Denver Market.

 

 

Posted in Denver Housing, Denver Market Watch, Denver Real Estate, Denver Transferees, Devil’s Tower, Uncategorized | Leave a comment

Denver Market Watch 2/13/2018 #Denver

22334 E Idyllwilde Dr Parker-print-034-39-Koi Pond-2700x1800-300dpiCan you believe it?  923 New Listings this week with 1,500 Under Contract…  This is living proof, listing earlier in the year brings faster sales and higher prices.  As my mother would always say, “Make hay…”.  So, what does this mean?

If you are a potential seller, call us!  Call us sooner rather than later.  Low supply makes your home stand out.

We wrote an offer this weekend in Castle Rock.  The list price was $700,000.  We offered $715,000 and lost out to a buyer offering well over $730,000.  No question this was a great house.  Buyers are ravenous for the right house in the right location at the right price.  Timing, Timing Timing!

New Listing (923)  This is a shortage!
Back On Market (188)
Price Increase (134)
Price Decrease (502)
Under Contract (1500)  This is a super week.  String 4 of these together, and you have a record month.
Withdrawn (87)
Leased (28)
Sold (863)
Expired (134)

2018 Should be your year to “Make it happen”.  If you are contemplating moving up, making a first time buyer purchase or moving to more accomodating surrounds, let’s talk.  Call sooner rather than later.  Timing, Timing, Timing…

By the way, We just listed one this morning where we sat down with the sellers almost a year ago to develop a plan.

LISTINGS COMING SOON:

Harvard Gulch Golf Course:  Around $500,000

Homestead on the Parkway:  Around $1,250,000

Orchard Hills:  Around: $1,600,000

Ridgeview Hills North:  Around $420,000

 

Posted in Denver Market Watch, Denver Real Estate, Denver Transferees, Homestead at Willows End, Homestead in the Willows, Uncategorized | Leave a comment

2018 Winter Olympic Schedule #Olympics2018

This is the easiest and quickest guide to the Winter Games:

2018 Olympic Schedule - High Res JPEG

USA USA USA USA USA USA USA!!!

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#DenverMarketWatch 2-5-2018

Supply vs. Demand

Supply vs. Demand

Once again, Under Contract Listings have exceeded the supply of new incoming listings by more than 20% over the last 7 days.  We

New Listing (1038)  Still, Not enough new listings!
Back On Market (191)
Price Increase (191)
Price Decrease (388)  Let’s keep an eye on this one.
Under Contract (1373)
Withdrawn (105)
Leased (28)
Sold (1006)  This is a great week for so early in the year.
Expired (344)

Dee and I have been very busy.  This is a good thing!  Sellers are gearing up for the new “selling season” and buyers are getting their paperwork in place.  We always have something coming on the market.  Don’t hesitate to call and keep an eye out for our “Coming Soon” updates.

 

Posted in Denver Housing, Denver Market Watch, Denver Transferees, Uncategorized | Leave a comment

#DenverMarketWatch 1/29/2018

Bullish on Homeownership

Bullish on Homeownership

Wow!  Let me apologize right up front.  What more can I say.  This market is not letting up.  Take a moment and look at our MLS activity over the last 7 days.  Remember, this is January, the first month of the year.  Yes, we are still bullish on the market.  All the signs are present.

New Listing (910)  This is way too low for a market heading into a spring selling season!
Back On Market (146)
Price Increase (120)
Price Decrease (374)
Under Contract (1325)  400 More contracts than New Listings.  We will run short of inventory again this year.
Withdrawn (102)
Leased (24)
Sold (746)  Typically, there is a +/-30 closing window.  There was some major activity during the holiday season.
Expired (147)  We keep this from happening by offering our sellers a unique tracking system taking all the major real estate sites into consideration.

When all is said and done, the Denver Market is setting itself up again for another run of short supply, multiple offer activity and price appreciation.

Rates are still low, rents are still high.  It just might be the time to be a seller and a buyer.  This is a great move-up market!

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