Realtors Work 24/7/365

24:7:365People routinely overestimate or underestimate how much we work.  The statistics for the last 7 days give great insight into a Realtor’s World.  Although 1,500 closings a week during peak season, over 1,000 is very strong.

New Listing (337)  Not many at all…
Back On Market (131)  One Realtor Fails, Another is willing to try
Price Increase (71)  Usually a result of Multiple Offers
Price Decrease (158)  Working for 1st Qtr. 2018
Under Contract (615)  Wow, Christmas Week!
Withdrawn (113)  They gave up!
Leased (16)  This is a growing trend
Sold (1067)  Year End Closings Very Strong
Expired (210)

The point I am making is simple.  As Realtors, we are working year round, but not all at the same time.  The system works.  Even the disrupters like Zillow, etc. wouldn’t happen if “the system” did not work as well as it does.  We sell houses in May, and we sell houses in December.  It is a 24/7/365 business.  Unless you live on a north facing slope with a long driveway in a snowy climate, you are just as likely to obtain a sale in December as May.  Don’t hesitate to call, chat or email…tc

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Quietly Becoming a BIG DEAL (RiNo)

Bullish on Homeownership

Bullish on Homeownership

If you have not been following this center of activity north of Denver’s CBD, let me tell you, there is something revolutionary happening.  Start peeling the layers back, and RiNo is making a huge statement with its developing “Innovation Center”.  Healthcare Innovation and Tech has never looked so prominent in Denver.

Egg Strategy is the latest healthcare company to join the roster of tenants at Catalyst Health-Tech Innovation (HTI) in RiNo.

Catalyst HTI

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Denver Still a Top Destination in 2017

View Coverage of the Top 15 Moving Destinations by Metro Area for 2017:

  1. Washington, DC
  2. Dallas-Fort Worth, TX
  3. Los Angeles, CA
  4. New York, NY
  5. Atlanta, GA
  6. Austin, TX
  7. Houston, TX
  8. Philadelphia, PA
  9. San Francisco, CA
  10. Chicago, IL
  11. Orlando, FL
  12. Seattle, WA
  13. Denver, CO
  14. Boston, MA
  15. Phoenix, AZ

Moving in 2018?  Give us a call, we can help in all cities everywhere!

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12261 Rodeo Circle Parker, CO 80138

This is the one you’ve been waiting for.  Under $400K just off Main Street on a quiet little circle with no traffic.  Finished walkout, views, deck, and more.  Please, come take a peek.

Run Our Virtual Tour

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Denver Market Watch December 12, 2017

Supply vs. Demand

Supply vs. Demand

It is just hard to imagine a market like this.  Declining inventory and strong demand are keeping sellers in the driver’s seat, but recently in some communities and higher price ranges, buyers are starting to gain some traction with choice and pricing.

It is just a guess at this point, but there is some anecdotal evidence, affordability is starting to kickback.  2018 Will be a watershed year.  Buyers and Sellers will be facing off a price points never seen before in Denver.   Who will win?  We will have to wait and see, but the next episode will be worth waiting for.

New Listing (717)
Back On Market (214)
Price Increase (122)
Price Decrease (505)
Under Contract (1214)
Withdrawn (196)
Leased (25)
Sold (1239)
Expired (229)

Here are some follow up graphics on several submarkets.  Remember, if you have any questions, please contact us…tc

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We Can See the Finish Line: Denver Market Watch December 2018

Imagine a market where New Listings are only 2/3 of Under Contracts in the last 4 weeks of the year.  A market where 555 price reductions in the last seven days express the urgency of sellers across the metro area can only be a good thing for that late season buyer.  In reality, we have the best of times for both buyers and sellers right now.

If you are a Buyer or a Seller, please come investigate the advantage of late season or year end participation in the market.  There are many advantages for both!

New Listing (853)
Back On Market (220)
Price Increase (127)
Price Decrease (555)
Under Contract (1336)
Withdrawn (224)
Leased (32)
Sold (1630)
Expired (498)

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Down the Stretch with the Denver Market Watch 11/28/2017

Supply vs. Demand

Supply vs. Demand

2017 Continues to be amazing how week after week, we put so many more houses under contract than new listings brought to market.  This week is no different.  We have fewer live listings this November than we had last November.  A week with numbers like this can only reaffirm this as a “Seller’s Market”.  If you are considering a move, this may be the best time ever!

New Listing (477)
Back On Market (160)
Price Increase (80)
Price Decrease (363)
Under Contract (1045)
Withdrawn (129)
Leased (17)
Sold (927)
Expired (204)

Rest assured, we are watching this market very closely.  We are ready for the questions you might have.  Never hesitate to reach out and ask.  We may even write about it next week.

Gobble, Gobble, GobblePS… Hope you and yours enjoyed a great Thanksgiving!

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Happy Thanksgiving from Your Town Cryer!

Thanksgiving

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New This Week – Denver Market Watch

What did we see this week?  Well if you look below, you will see we had 1,518 under contract listing with only 1,008 new listings.  On top of that, we saw 704 price decreased listings.  Supply is still very short, but…  We saw a number of listings with price reductions actually attract multiple offers.  This proves to us, we have a very strong market, but unrealistic pricing may be increasing days on market.  Buyers are smart and well armed.  Few are going to pay above market unless all conditions are right.

Also, back on market listings reflect the buyers’ intense inspection process and sellers not complying with the results.  Fix it now or fix it later.  The market is smart!

New Listing (1008)
Back On Market (214)
Price Increase (114)
Price Decrease (704)
Under Contract (1518)
Withdrawn (179)
Leased (31)
Sold (1439)
Expired (2
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44 Shopping Days ’til Christmas?

Denver Market Watch 11/10/2017

It’s a great time to be a buyer, or is it?

New Listing (1058)
Back On Market (240)
Price Increase (134)
Price Decrease (905)
Under Contract (1520)
Withdrawn (219)
Leased (33)
Sold (1300)
Expired (225)

We continue to clear inventory with at least 1,500 properties going under contract each and every week.  This once again leaves us to a market with insufficient inventory to meet the needs of buyers.  We are seeing plenty of seasonal specific price reductions, and each week, we continue to observe the “Withdrawn” listing.  This seller has given up for the season.  Remaining listings, priced appropriately and presented in a favorable manner should see great activity between now and year’s end.

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