You can see for miles! Don’t wait to contact us. Thank You!
That’s right! After decades at our old office in DTC, we have moved over and above to new digs right out of an episode of FRINGE. In this new and fancy parallel universe, we continue to provide great service for Home Buyers and Home Sellers everyday.
So, here you go; You have an open invitation to stop by! Or, land your space ship on the roof?
As we round the corner for the end of the First Half 2018, there are a few things we need to address.
First, although supply is increasing, as it should this time of year, demand chases closely behind. All signs point to a typical seasonal swing in this Denver Residential Market.
Second, as we close on the last days of spring, the flowers just look great around our place. The Columbine are drawing in the Hummingbirds and the Peonies are just big, bright and white this year.
I suppose we could ask for less traffic, more inventory and a more settled market in Denver, but Denver is still “500 miles from nowhere” and some would argue a 1,000 miles. Denver’s history has been a story of struggle, survival and grit long before we came along. It looks pretty darn good from my perspective, and will be thriving long after I’m gone. That’s really the history of the west. Planting seeds for the generations that follow. Some great history surrounds our Denver Water Board.
DENVER’S WEEKLY MLS UPDATE
New Listing (1910) Buyers have to be happy about this one, but look at UC’s below.
Back On Market (322) We are starting to see a trend of transactions failing.
Price Increase (181)
Price Decrease (1151)
Under Contract (1849) Every week we seem to grow our inventory, demand keeps chasing!
Sold (1547) This is a very solid number. The vitals in this market are still strong!
We have some exciting inventory coming to market this month and next. If any of these neighborhoods or communities interest you, please give us a call, and we will let you know what’s next!
Castle Pines Village – We have a fabulous custom ranch home going active this week at $1.8M. The indoor and outdoor living space is spectacular! You couldn’t replace this home for $2.4. This property has been maintained to a level one seldom sees in this market. It’s truly one of a kind!
Greenwood Village – We have another custom ranch going active next week. It is a very strong property. Where else in Denver can you walk two blocks to The Landmark for coffee in the morning, then another two blocks to the Orchard Station and ride downtown avoiding all the traffic and live on 2.5 acres of lush mature landscaping with mountain views? This property is amazing!
Lone Tree – Following the first two will a Berkeley Built upgraded to the MAX, this home will be around $800K when it comes on the market in July. Basement finish and a 3 car garage make this a very functional plan with that “never been lived in feel”.
In closing, we have leads on a number of properties coming to market over the next few months, please keep in touch and we’ll keep you posted. Want to follow us on Facebook – The Cryer Team?
“What we learn from history is that people don’t learn from history.” — Warren Buffett
We have 7150 E. Berry Avenue in Greenwood Village, CO 80111 starting showings on 6/23/2018. It is a wonderful 2.5 acre property with tremendous privacy, views, great floor plan and fabulous outdoor living areas. It will be $1.7M.
We have 641 Ruby Trust Way Castle Rock, CO 80108 starting showings almost immediately. Give us a call. It will be $1.8M. A private acre to the back of a cul-de-sac with all kinds of views and unbelievable outdoor living spaces. This home has been lovingly cared for with every detail considered wisely. The water features of cascading falls and deep ponds are mesmerizing!
Finally, we have another exciting listing in Lone Tree coming up in July. It has been meticulously maintained to the point where it FEELS like a new home and hardly lived in. It will be around $800K. It has an elevated site with some open space vistas. It is an easy walk to the Lone Tree Recreation Center, Shopping and more!
Good Morning Monday!
I can’t begin to tell you about all the excitement in this market and our business. So, let’s get started. Year over year, our office @Kentwood is out pacing last year. Dee and I are out pacing last year. Seems like whenever we see a “pause” in the market, almost immediately, we see a resurgence. This is all good.
Like always, we have a number of off market listings waiting to go live for one reason or another. Keep in touch, we may have exactly what you’re looking for or know where to find it.
BY THE NUMBERS, DENVER’S WEEKLY MLS NUMBERS
New Listing (1836) If you are a buyer, this is a great number!
Back On Market (276) Week in and week out, this number doesn’t move much.
Price Increase (181)
Price Decrease (1019) Very Interesting!!
Under Contract (1531) Coming off a “Short Week”, this is acceptable.
Leased (43) I’m keeping one eye on this. MLS and Rentals are becoming “a thing”.
Sold (1879) This is a very solid number!
Please be careful with your choice of lenders, inspectors and vendors. We continue to see and hear about them fumbling the ball at the most inopportune time. A business that was once about Location, Location, Location has evolved into a business all about Timing, Timing, Timing.
We’ll be back next week, and every week. Please follow along…tc
Well, Memorial Day Weekend sure slowed things down from our previous weeks based on MLS weekly stats. New listings lower, Under Contracts lower and other categories all dropped off over the last 7 days.
New Listing (1264) This is quite a drop from last week!
Back On Market (212)
Price Increase (111)
Price Decrease (803)
Under Contract (1633) This is a good number, but still not at all time highs.
Let’s keep focused on this in the coming weeks. It is still too early in the season to be drifting into our typical “summer malaise”. We will be there for you for all your questions. Have a great week…tc
We knew it would happen. We’ve been waiting and waiting. Right now in the third week of May, 2018, the number of New Listings has finally eclipsed the number of Under Contract Listings for only the second time.
I’m not sure this is enough motivation for buyers to think they might possibly have the upper hand, but it’s a start!
From MLS Data on a moving 7 day average every Monday morning, once again, we pick up a few hints of whats to come in our Denver Metro Residential Market. Enjoy!
New Listing (1856) This is a great first step now the middle of the spring marketing season.
Back On Market (262) This is about 15% of contracts fail and come back on the market. Even this number has improved.
Price Increase (179)
Price Decrease (982)
Under Contract (1799) Still a very strong week of under contracts during a time of Prom, Mother’s day and Graduations. Well done Denver!
Sold (1621) Now this is a big week!
As we move into the summer season next month, it will be interesting to see the changes coming our way. One thing you can be sure of? We will be here every step of the way, reporting, analyzing and providing our own brand of the Denver Market Watch.
Please Stay Tuned and subscribe. Thank you!
Once again, another week rolls by, and the #DenverMarketWatch is paying close attention to inventory, interest rates and the mood of the market.
Look at that Under Contract number. It is closing in on a week of 2,000 contracts. So close! Let’s see if we make it next week.
Everything we’ve attempted to write on in the last month under $500K has been a multiple offer situation. We have noticed a possible trend. That “#CashBuyer” appears to be disappearing a bit from the market. We are still hearing strong buyer, good down payment buyer, high credit score buyer, etc. But, that #CashBuyer term is not being used as much.
New Listing (1638) This is a strong week. Bring on the inventory!
Back On Market (266)
Price Increase (164)
Price Decrease (928)
Under Contract (1961) Waiting to break 2,000. Maybe next week.
Sold (1359) No issues here; another strong week.
We are so fortunate to live so close to so many treasures. Sometimes we just need to walk out to the edge and experience the view, the echo, the wind, the bird of prey flying overhead or simply the peace and quiet. It’s a good life!