DenverMarketWatch

Denver’s Weekly Residential Market Watch
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October 2019
Good Morning Everyone!

We recieved such great feedback on our Post last week with this new format, guess what? That’s it; we’re doing it again the same way!

Let’s take a quick look at what the Denver MLS has to say to us this morning.

New Listing (1144) This is a good seasonal number, not great but still good.
Back On Market (244)
Price Increase (138)
Price Decrease (1509) This is a huge number of sellers chasing to get it done by year’s end.
Under Contract (1304) This is a very strong number!
Withdrawn (178)
Leased (60)
Sold (1134) This is a good weekly number. Not great, but it is a good number.
Expired (283) When a seller gives up, this has a rippling affect.

To wrap things this week, we are constantly asked, “Is this a good time to buy a house in Denver?” For this question, let’s look back on history a bit. Elliot Eisenberg recently wrote about the “International Influence”. Writing about the DotCom bust in 2001 and the Housing Bust in 2008. Long story short, during those two windows of time, the US had an international influence on pushing the world at large toward or into recession. This time around, he’s made the hypothesis in the briefest of terms, it is possible that the global weekness today, might be the economice factor to push us into recession stateside. Could it happen, yes, but who really knows until it happens?

Let’s refine this for Denver a little. Denver has become an inovation center, a health center, a financial center, an energy center, communication center and a corporate presence headquater/center up and down I-25, Hwy-36 and in our urban centers. “This time it will be different”, because we are so much more diverse, more capitalized, more geographically dispersed and now we have such a much more sophisticated transporation system. All of this is true! But, what does it mean? Well, what will happen outside of Denver Metro, Colorado to draw us into economic turmoil? I don’t know.

Looking at the numbers each week as we do can make the analyst somewhat myopic, but I’m going to go out on a limb here. If we continue to have these rates (Historically Low), I feel this market will see price appreciation slow, but not go negative and sales activity will remain strong. This will be good for us all!

A successful move, relocation, down pricing or moving up takes planning. Jumping out of a airplan without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend just one house with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…

Dee and Tom Cryer TheCryerTeam@Kentwood.com 303-638-3202

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
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Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
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RealtorEHO
Copyright © 2019 Kentwood Real Estate. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.
Posted in Denver Residential Real Estate | Leave a comment

5 homes that are perfect for spooky season

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Plus, inside a haunted house.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=54ab17a2efd541de834c620c928c5eea&_e=UzK_4c6HUDlpmWh_OA7sAw4QuGw_FJ102x0tcu_d8rlQPaUQFkhtUXEc-CZgBZjNq6-7LJfLonXKJfn2C2TXq3A7U2wYUI0XjLEuCfDY1unY4idjW05S5a11YRHuhXG-g9jCO7bvMWDZ2CquLVkNCja1R5E0N0vBhwehynp96CvEvp-E1lEKNo7BXH-d_Cbt

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Denver Market Watch

A Weekly Denver Market Report from My Mind’s Eye…
View this email in your browser
October 2019
Good Morning Everyone!

Those of you who have been following me, this format will be new, a change, hopefully better. For those of you new to our weekly reports, maybe it will be a reason to follow more closely.

Let’s take a look at Denver this week.

New Listing (1259) Strong seasonal supply coming in, but with still only slightly more than 9,000 total active listings…
Back On Market (252) Buyers are becoming more intense in there demans on sellers for appropriate condition and repair.
Price Increase (129)
Price Decrease (1614) WOW, this is a big number. Sellers are clearly chasing the market to get IT done by year’s end.
Under Contract (1258) Another nice strong week of contracts.
Withdrawn (197)
Leased (50)
Sold (1185) Not record setting, but certainly a relatively strong week moving into the fall season.
Expired (261)

Let’s not forget to give us a call. Let’s make a plan together. Let’s have some fun!

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

The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
Copyright © 2019 Kentwood Real Estate. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.
Posted in Denver Residential Real Estate | Leave a comment

5 dangers that might be lurking in your home

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Plus, how to control pests.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=1596d96cf2f6457d81f13c52d1f20d70&_e=Xs9KO67OINiJMLjGWsqyMOQrFwr-GfVQF0aFcReMcUWFg8D1k59m2uadhb5duTXjxCXP-J-3rbBVpHjMOO2BZQuZKIqQLQ0-RtrZeSGd_oIMazJolqq5CgCV2Drqe2pfAm0Vs3fFSHZco2wcilCl7cjpN6h-Drxw9_2ulTxojbAZY4c1r7eBbMzvM90PnIW0

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@MyTownCryer #DenverMarketWatch #TheHouseofGain #HOPE

Good Morning Everyone,

Let’s jump right into it this morning.

New Listing (1295) A nice season week of new inventory.
Back On Market (239) The ratio of deals falling to closing is ramping up.
Price Increase (131)
Price Decrease (1641) Sellers continue to be compliant with the market.
Under Contract (1359) Good activity!
Withdrawn (217) Sellers giving up!!
Leased (64)
Sold (1310) This is a good week.  Not great, but good…
Expired (464)  Is it the broker or the price?

Once again, Denver gives us good numbers rolling into our fall season.  As we follow along, let’s take a moment here to point out what this year may look like when December 31st rolls around.

HOPEAlthough we had a spike with inventory mid-year, we have observed both sales and listings move more toward a sellers’ equilibrium as opposed to a buyers’ market.  I do believe we will move more toward that buyers’ market in 2020.  There is just too much uncertainty.  But, could you imagine a world where China offers its citizens freedom of speech, freedom of religion, commerce, and more.  Just take a minute and imagine more than a billion people offered choice rather than tyranny?  Imagine the growth a market like this might have…

Remember, you need a “Home Ownership Plan Everyday” (HOPE).  My father always told me a successful path includes “something to do, something to love and something to hope for”.  Your home provides your life with all three.  I think that’s why 2/3rds of US Households choose ownership.  Let’s put down roots together

Please let us help you with your HOPE.  You may always contact us at TheCryerTeam@Kewntwood.com or 303-773-3399.

Have a great week!!!

Posted in Denver, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate | Leave a comment

#Frost #Ice #Cold

Everybody, please listen up! Please unhook your garden hoses from your house.

The mess from frozen pipes is not worth the convenience of keeping your hoses on a few more weeks!

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Buying a home? Beware these hidden costs

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Budget like a pro.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=f9df6cf2426b4d66b0c75c8c6272b1fd&_e=FZfclGXbwby9ImgEy10VGkT-3Vl_CUj8pAOfZX-Xc3VSCBPCLsKRfNesMrCZQtVErJHQfpf4J2TqsEE_x2KB5rvRPy-1ziztVVunpw3WUq_T4N4z59JR3TzMnp3iQodCeciYFWR8DLSm6QUHSffo9uknYvUec7gO8QXlM8Lm0AgMSCb-y--Q2DLK6WbhWZU-

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#AgingInPlace @MyTownCryer

@RealtyTimes Sent me a story today affirming my thoughts. Boomers are aging in place with no plans to move!

Here it is:

Staying put

The study also found that “more than half of those 45 and older want to remain in their current homes for their senior years,” which jives with a recent Chicago Tribune story.  “Baby Boomers, the 75 million Americans born between 1946 and 1964, are clogging up the housing market,” said HousingWire of the article. “Instead of moving to retirement communities like many of their parents did when they got older, Baby Boomers are opting to age in place. The “near-gridlock” is keeping about 1.6 million houses off the national market, the Tribune story said, citing a Freddie Mac analysis.”

Just think how this would open up some neighborhoods to families with kids???…tc

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Ten Reason to Love #TheBurbs #DenverSuburbs #Hipsuburbans @MyTownCryer

Over the years, I’ve written plenty about Hip Urban Neighborhoods, and in Denver, I’ve visited most more than once, and I really try to love them.  I really do…, but my heart is where my car can be easily parked!

Let me tell you about living in Centennial, CO.

Let me tell you about living in Centennial, CO.

With that out of the way, let’s talk about why I keep coming back to #theburbs, and why they are equally HIP and in just as many ways easier than our more densely populated hip urban neighborhoods.

  1.  No wires overhead.
  2.  No ally-ways behind ones house.
  3.  Free Parking Everywhere.
  4.  Easy access to employment.
  5.  Giant indoor malls to walk around on cold days.
  6.  Huge open spaces (Not Parks) to let our 4 legged friends roam.
  7.  Lower Sales Tax.
  8.  Locally owned and operated restaurants, too!
  9.  It’s Quiet.
  10.  Outdoor activities in every neighborhood; Golf, Nature, Recreation, Trails, Historical Centers, Open Space, Dog Parks and more!

So, if you have not ridden, driven or walked around out in the #burbs.  Give them a try.  Backing to a golf course, open space or park at an affordable price point, may really be up your “ally”! 🙂

Posted in Buying or Selling Real Estate, Chatfield State Park Map & Brochure, Cherry Creek State Park, Denver, Denver Residential Real Estate | Leave a comment

#Q4 @MyTownCryer #DenverMarketWatch

Q4,Q4,Q4, can you believe it? It’s here!

4th-Quarter-Starts-NowTo start the new quarter, this week’s MLS Data has something to say…

New Listing (1234) Typical week for new listings.
Back On Market (293) This is creeping up a bit.
Price Increase (128)
Price Decrease (1663) Still a very big number here.  Sellers being compliant.
Under Contract (1358) A good seasonal number; strength!
Withdrawn (198)
Leased (63)
Sold (1491)
Expired (486) This is a big number.  Sellers giving up!

With all this being said, #Q4 appears to be rolling along just as #Q2 did.  Nothing really standing out to get excited about or worry about, but there is an identifying factor apparent.  We are slowly moving to a balanced market except for our “close-in”, “tier-one” neighborhoods where supply remains very limited.

So, how will 2019 finish out?  It is my belief, we will remain “Steady as She Goes”.  If rates were to spike, or some geopolitical issue, or energy to spike, we will see a slow down.  If any two of these flex their “negative muscle”, we could see a seller’s market pop up rapidly.

FalconHeavyAs always, we will have to wait and see, but in the meantime, give us a call.  Let’s talk about your plans.  It’s never too soon to reach out and begin a plan.  “Life Happens”, and so your plan should be ready for it.

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

Posted in Denver, Denver Market Watch, Denver Residential Real Estate, Q4 | Leave a comment