#DenverMarketWatach @MyTownCryer

It's a good week!As we close out these last few weeks of the first half of 2019, the time has come for a bit of reflection.  Rates have drifted lower in recent weeks, the world stage seems to be a bit more clear.  We are very fortunate to live in a country whose dirty laundry still looks better than anyone else’s.  We have a strong market where new home starts are above expectations, and finally buyers have some choices right here in the Mile High City!  Life is good.

This week’s MLS Date really couldn’t be any more telling.  Newly active listings, under contract listings and the number of sold listings really look strong.

New Listing (1709) This is what’s exciting buyers to come back to the market.
Back On Market (270)
Price Increase (243)
Price Decrease (1461)
Under Contract (1623) This is a very strong seasonal number.  Good work!
Withdrawn (158)
Leased (58)
Sold (1335) Once again, this is a very strong seasonal number.  
Expired (248)

As we float off into the second half of 2019, it will be important to watch supply.  Demand looks good, but we don’t want supply to expand too quickly.  Steady growth of supply like we’ve seen for the first half will be perfect.  I would not want to finish the year with any more than 9,000 active listings.

Let’s “Keep our hands on the wheel and our eyes upon the road” for now.  Safe travels…

Tom & Dee Cryer 303-773-3399  TheCryerTeam@Kentwood.com

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On Rosedale Park a “9 Iron” Away from Harvard Gulch!

2391 S sherman St Denver CO-print-017-13-Garage-3600x2400-300dpi.jpgOnce in a while a bungalow near Rosedale/Harvard Gulch comes on the market.  Once in a while a property facing the park comes on the market, once in a while a corner lot with southern exposure pops up, but rarely does a property with all these features happen at the same time.  AND, it has “duplex zoning” offering a wealth of future development potential opportunities.  Run, don’t walk to see this multifaceted property.  You will not be disappointed!

That’s not all folks.  Did I mention the garage?


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Wonderful Willow Creek Waterbury!

7787 S Locust Circle-print-011-009-Exterior Rear-3600x2400-300dpi.jpgSeldom does a Willow Creek Property come along with so much going for it.  Close to the greenbelt trail, pool, clubhouse and community amenities.  So many upgrades too; roof, windows, furnace, water heater, wood floors, master bathroom and more that we could brag about.

Take a look CLICK HERE

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Homes that thrill us + dad jokes that kill us

Two of our favorite things, together at last.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=a8c0e9d5f5b34bafba1bab5e856137cd&_e=5aCXn6EN74LOk3cd0mPOFO89SgeKN5RAxJGGfkLFwsgwG0a4Sj39v1mg3uhUBkD5HwLZtXY64KpL_-8LQpN27_yu9qr2EWBxOeisNe2qPAmfV8ccbjbIo0CdkdhRgSo7BVYraxByX7UE0bIRRKAUnCfEeIQWRhMwRWFHaynucV9Armw0lYLuwn_VKjaoSBlH

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@MyTownCryer #DenverMarketWatch #NBAFinals #LordStanley

Good Morning Everyone!

Since I have begun posting this on Tuesday Mornings now, I have a bit more time to put this together, and more credible data too.  Capturing the weekends’ work really only happens by Tuesday.  I like the change, I hope you will too!

Let’s look at each number and what it means:

New Listing (1513) The number of new active listings.  1,513 is typical for this season.
Back On Market (280) These are listings that were under contract, but now are back on the market due to something related to buyer and seller negotiations or property issues.
Price Increase (115) As you can see, this is not common, but it does happen.  A property is listed, goes under contract for a price higher than list price and then the broker changes the list price to something higher than the contract.  Not sure if this is a good practice or a bad practice, but it does happen.
Price Decrease (1469) We have observed so many sellers starting out believing their property is something it is not, and ultimately, the price reduction is the only recourse to “get back in the market”.
Under Contract (1665) Once again this week, this is a great number.  Anything over 1,500 is a great week.  Listings Under Contract make the market relevant! 
Withdrawn (162) Once again, occasionally, a broker and a seller part ways or change paths, the withdrawing the property from the market is the sensible thing to do.
Leased (43) This is a trivial number, but it is growing.  Some clients want to keep a toe in the market by leasing rather than selling.
Sold (1327) Sold and Closed Listings make the Realtor happy!  Whenever this number is over 1,000/Week, we have a healthy happy market…
Expired (195) This is a MEAN number.  When sellers give up, it is never a good thing.  Sometimes they are relisted, but other times, the seller stays on the sidelines.  We watch this number very carefully.  It can predict the future!

Lord Stanley and the CupWell Fans, my little discussion above hopefully keeps you interested as we move deeper into the year.  These numbers are from the 11 counties directly surrounding the Greater Denver Metropolitan Area.  Some say this area is too large, opponents think it should even be larger.  For now, it is what it is, and we like it!

Anecdotally, Dee and I have had a very healthy start to the year.  With that being said, we are seeing signs of buyers being priced out, and frustration from multiple offer scenarios.  We’ve seen sellers dig their feet in and wait, and wait and wait.  With this being said, the smart sellers are watching the numbers and staying in the market at a prescribed list price.  The buyers willing to go the distance and run the marathon to the finish are happy they did.

Homeownership is important.  It makes our communities strong, it makes our schools better, it makes for respectful neighbors and safer neighborhoods.  When society has “skin in the game”, it makes the community at large better too.  If you are searching for something to believe in, believe in Homeownership!

NBA FinalsJust like everything in life, sticking with it through to the end is what makes champions.  In our own way we can all be champions in this world.  I heard Kevin Bacon say this the other night on TV.  I stole it the moment I heard it. There is no secret to longevity, longevity is the secret! KB 2019…

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10 best markets for first-time home buyers

Plus, other tips for soon-to-be owners.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=6a27682a887c4396882b3c201b4e9548&_e=Yx_PebxeQOBkvt_cnqGT2HIttw3DEFwkV-C086FfXaFxjyccAl9_vQpHNVJlhdKg7mJ0boxM5t3knBQmRozvNRAfETLqtG_u1v2R1421I64KqbrTJUmlixhVkPdEsg1hx6i5drNyrJVTHQb8zAMh2rimn06573lqOoUb0hajhsXvWEjtb8lqCX2LXXjO5tLM

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#DenverMarketWatch @MyTownCryer #StanleyCup

Spring TimeAnyone can talk about the market, but few can give you the facts.  The facts are; “it is very tough to imagine a more active, strong and consistent market”.  Just look at the numbers from this week’s MLS Market Watch:

New Listing (1561) This is a great week for new listings.
Back On Market (305)
Price Increase (140)
Price Decrease (1466) We’ve been watching this.  Sellers came out too strong!  Now adjusting to the market.
Under Contract (1650) Wow!  This is a fantastic number showing market strength!
Withdrawn (181)
Leased (53)
Sold (1874) Unbelievable!  What a great week.  We are in full seasonal swing now!
Expired (349)

OK, I know, “It’s just a normal seasonal swing.”  But, Oh no!  So many at the beginning of the year have said this is going to me a “slow year”.  On the contrary, it appears that we will be catching up to last year very shortly.  With global uncertainty, crazy weather and a big swing in interest rates, we are on track to turn 2019 into something special.  

What does all this mean, well, I believe Denver is in contention for the Stanley Cup Finals with numbers like this!  Cheers!!!

As always, please do not hesitate to give a call, create a plan and participate in your future in a proactive manner.  “Failure to plan is a plan for failure.”

Safe Travels,

Tom & Dee…  TheCryerTeam@Kentwood.com 303-773-3399

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Denver Market Watch…tc | May 2019

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Your monthly source for the latest Denver Area real estate news.
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Kentwood Real Estate
April’s Market Trends Are All About Perspective
April’s market trends require more perspective to fully understand the big picture of what’s happening in real estate today. More choices, more contracts and prices still going up. No matter your perspective, these sound like good market conditions overall. Read More >>
5 Exterior Upgrades to Add Value to Your Home
Exterior upgrades will not only enhance the look of your property but can add value to your home. These five upgrades are a few of the best ways to upgrade the exterior of your home while also getting the highest return on your investment. Read More >>
Best Swimming Spots in Colorado
Colorado might be landlocked, but there are still plenty of incredible places to take a swim. Cool off this summer at some of the best and most beautiful swimming spots Colorado has to offer! Read More >>
Featured Properties
1658 South Locust Street – UNDER CONTRACT
1658 South Locust Street, Denver CO
Tastefully remodeled brick ranch in popular Virginia Village has an great floor plan, cool features, and lots of natural light. The living room with a corner gas fireplace is open to the dining area and kitchen. The kitchen with granite counters and stainless appliances has an adjacent, open pantry/dry bar area. The master suite is perfect with a private 3/4 bath, large walk-in closet, and IKEA closet wall unit. Two additional bedrooms and a full bath on the main level add to this home’s desi…
Full Property Details »
9464 Sara Gulch Circle – SOLD
9464 Sara Gulch Circle, Parker CO
“Exquisite Remodel” is an understatement for what awaits you at this custom-built ranch style home backing to open space w/ amazing views & the perfect balance of wildlife. Attention to detail in every improvement made w/ the overall feeling, some people just “get it right”! 12′ Ceilings, 8′ solid core doors & Brazilian cherrywood floors set the expectation. Be wowed by the fully remodeled kitchen w/ inviting center island, “top of the line” granite counters, “high-end” cabinetry, sta…
Full Property Details »
641 Ruby Trust Way – UNDER CONTRACT
641 Ruby Trust Way, Castle Rock CO
Located in the prestigious gated community, The Village at Castle Pines, this property deserves a patient visit. Purposely placed at the end of a heavily wooded ridge-top cul-de-sac site. This sophisticated Austin Signature Homes built ranch is the epitome of refinement. It is flawless in every detail & maintained to the nines. Cascading waterfalls, stone walkways & colorful flower beds, this spectacular home sits amongst old growth pines. Views are amazing day & night & captu…
Full Property Details »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
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Market Snapshot
Market Movers
Good news for sellers and buyers in Denver’s real estate market! The latest report from the Denver Metro Association of Realtors shows that it’s both a good time to sell and buy in the Mile High City.

The long-awaited $78.7 million mixed-use development in Aurora is under construction. Parkside @ City Centre is a ground-up, mixed-use property comprising of 216 market-rate apartments and approximately 36,000 square feet of retail space.

Trinity Place, a boutique office property totaling 195,753 square feet in Denver’s CBD, has traded hands for $40.2 million. The 17-story building offers average floorplates of 12,200 square feet and is currently 65% leased. The property is located at 1801 Broadway in the thriving Uptown submarket.

If you’re selling your property, this is the Power Duo you want on your team! They went the extra mile every step of the way, and their knowledge of the market is most impressive. Tom & Dee made the entire selling experience pleasant and professional. We would recommend them without reservation.
-T. B.
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Have a Memorable Day!

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Which of these amazing pools do you like best?

Pick the place you’d rather gather.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=b7b77ee6298f44b482a6e6af4ed46122&_e=mWYlk7mB7nrE1RMUmrzTcGwuGyq8miILhGDYlpthI8DzwzKiWr2v2_n4M2cdudxGHdF6ku8uBLOnYa92kXFgYljdacl9HhSXUlVaLkUp57UFg52F-rjjfGezKdjmC8HslCG2GvNyI4VaC8N-UVQimPidXhJFCYyRCHRZ2m7LIlILu5DVc1qwiwoa1f9lG9-O

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