@MyTownCryer #MondayMarketUpdate #AlexanderGrahamBell

Quotation-Alexander-Graham-Bell-The-day-will-come-when-the-man-at-the-telephone-68-70-83Alexander Graham Bell said; “When one door closes another door opens, but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.”  How true!  His prediction for the future wasn’t so bad either.  

This is somewhat like watching Denver Market Data week in and week out.  Some of the time, we need to step back and take a look at the big picture, and understand how it affects the “little picture.”

This week, the story is “more of the same”; More Contracts than new listings once again.

New Listing (1109)  This is a very healthy number for buyers!
Back On Market (182)
Price Increase (112)
Price Decrease (631)  Sellers finally getting “in the game”!
Under Contract (1241)  The new listings coming to market and the seasoned listings with price reductions are showing the way for all these contracts.
Withdrawn (93)
Leased (31)
Sold (796)  This is picking up a little each week.  This number will skyrocket if these contracts continue to stack up!
Expired (219)

Getting back to the “big picture”, we are observing better interest rates than the last quarter of 2018.  Conforming loan limits are being raised.  New mortgage products are being served around the fringes.  New construction is “catching up” to the market demand, and we are personally seeing some long term residents finally listing their homes and “moving on”.  All of these factors are helping our market once again set itself up for success!

If you’ve been waiting for “your door to open” after being shut out for so long, come back to the market, take a look around.  Even though. on the surface, it may look the same, in fact, there have been many changes since you were last out looking.  There is a new door open for you, and we will help open it for you every step of the way!

#TheCryerTeam

Posted in Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Renters, Denver University, The Denver Market Watch, Uncategorized | Leave a comment

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#BoxesofCandy #SweetsfortheSweet

Cadbury ImageI was looking at some of the attractive displays of candy in the store yesterday, and it got me wondering about the origin of those attractive heart-shaped boxes.

Most sources seem to agree that Richard Cadbury – son of John Cadbury, the founder of England’s Cadbury’s cocoa and chocolate company – created the idea of a heart-shaped box for Valentine’s Day around the year 1868.

A chocolate sold for eating rather than for baking had been made at the Cadbury factory since 1849, but it was not very tasty by today’s standards.  With the availability of cocoa butter, however, Cadbury’s developed a new chocolate recipe that is similar to what we eat today.  In addition, Richard Cadbury looked into new marketing techniques for his products.  He molded the candy into blocks, bars, and other shapes and sold them in decorated boxes.

The Cadbury boxes were very popular.  Some of his original boxes still exist and are collector’s items today.  Victorian ladies prized the elaborate heart-shaped boxes and kept them for later use as jewelry or button boxes.  Some of the fancy designs were even lined in velvet or silk.

The tradition of the heart-shaped box continues today as most candy companies sell chocolates in heart-shaped boxes for February 14, and many ladies of all ages save the boxes to enjoy long after the candy is gone.  I wish you and your loved ones a very Happy Valentine’s Day.

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Happy Valentines Day!

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@MyTownCryer #MondayMarketUpdate #RatesAreGood!

Winter SceneGood Afternoon Everyone!

I know, I’m behind this week.  It’s not Monday.  It’s selling season again.  We have a number of off market listings coming up.  Please let us know what you are looking for.

But, I’m here now and let’s take a look at what month two is shaping up to in Denver.  This weeks MLS data for Denver is very telling!  Overall, we continue to see a continuation of 2017, 2018, and I’m betting Q1 and Q2 will be strong.

The data below is from the last 7 days in Denver’s Residential Real Estate.

New Listing (980)  This is off a little because there was no increase this week.
Back On Market (165)
Price Increase (123)
Price Decrease (704)
Under Contract (1381)  This is a big number!  The buyers are coming out of hibernation!!!
Withdrawn (114)
Leased (37)
Sold (735)  Not a bad number, but looking for this to start keeping pace with UCs.
Expired (197)  This number is way down from previous weeks.  Sellers are staying in the game again.

Sears Kit HouseUntil I start to see continuous weeks of Active Listings exceeding Under Contracts, I’m betting status quo.  Just a quick FYI, Solds are still hampered by year end 2018 holidays.  We will be looking for this to ramp up in coming weeks as the Under Contracts get to closing.

I thought, I would close today with a little history.  The images to the left offer up a great story.  Sears was rescued, “maybe”, from bankruptcy last week.  It’s hard to turn on any DIY Channel on TV where there isn’t a show about handmade, tiny or kit type housing trying to make a resurgence.  In 1916, there were no zoning laws, building codes or regulations.  If you owned your land, you could build your house.  In fact, Sears would send it by rail to your town for you to pick up and take home.

NOW, here’s the quiz question: who can spot one of these in Denver and what neighborhood?  Hint: there were a lot of house going up in the early 1900s.

Give us a call, and we’ll share some more history with you…tc

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It’s been awhile

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We miss you!eo?_t=136d647b88304d6c827d39dbe797d50a&_m=226a2b8ef7e84548b39a35f9f3f773a8&_e=EtIcQL2-HvC1JC4juTHyhTottsjXbBGoI6MxMO1aUups7z08gEM0DQVVoZjmTIsT815FuOqg6CJnSw0hwdT0RlFroJ3VJlBv-n90cJKQrQJPBECjbJ2e_YnDRIZvFBOPRotdqqrxptK--n3W1wRPfx86z98mUKXLO0QHaeBIV0aLp-CRRSahNlo0hSHRX5La

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@MyTownCryer #MondayMarketUpdate #February #Let’sGetStarted

athletes running on track and field oval in grayscale photography

Photo by Pixabay on Pexels.com

With 1/12th of the year behind us already, what have we learned?  As you can see below, Denver’s residential real estate market continues to roll on.  Under Contract listings continue to exceed the number of new listings.  The number of closings continues it ract to catch up.  When viewed from space, our market still looks very strong.

Dee and I have a few “off market” listings.  In the process of getting them ready for the MLS, we have found very little competition for a couple of them.  Inventory is still very low in various neighborhoods, and we are reviewing this closely.

Long story short; this market needs our undivided attention.  Where one price range and location may be showing signs of weakness, another might be showing signs of well defined strength.  Have a question, just raise your hand and ask.  We’ll be here for you!

New Listing (1019)  Starting to catch up.  It’s been a good week!
Back On Market (182)
Price Increase (168)
Price Decrease (598)
Under Contract (1209)  This is a very strong week!
Withdrawn (97)
Leased (27)
Sold (871)  Once again, this has grown significantly from last week!
Expired (380)

If you are planning a move in 2019 or even 2020, now is the time to start planning.  We often find our sellers having to rush to market rather than coming to market with well organized plan.  Now is the time to start those trips to “Goodwill”, getting those “handyman” items punched off the list and making sure those “big systems” are ready for an inspection.  In short, it’s time to get to know your home and bring out its best!

We will be back again next week.  Let’s work together!

 

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MyTownCryer Denver Market Watch | January 2019

Your monthly source for the latest Denver Area real estate news.

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January 2019
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Kentwood Real Estate
Life is the art of drawing without an eraser… John W. Gardner
Can you imagine anything more revealing. Life doesn’t come with an eraser. Appologies, explainations and “do overs” often try to cover for the eraser, but once “Life’s Art” is out there, it’s very tough to put it “back in the bottle”. As you can imagine, this is a segway to homeownership. Dee and I often have the opportunity to sit down with a seller and discuss their original purchase conditions. The “eraser” would have come in handy. There is no such thing as a perfect house. There, I’ve said it! With this being said, there are homes more perfect than others.

I would harken back to the three first words I learned in my first real estate class; “Location, location, location”. With that being said, the concept of a good location in Denver has been amended many times now. A 5 minute walk to work takes an eraser to a noisy street or rail station nearby. A walkable neighborhood with no parking is forgiven these days. What will the future of a good location look like? Will families trade 2,500 SF in the suburbs for a 10 minute commute and 1,250 SF in a close in neighborhood? Many say yes.

With Denver’s Employment Centers stretched up and down the I-25 corridor, Denver’s face will continue to change. A crystal ball can’t help us. Too many variables are in harmony and out of tune to make an accurate guess all but impossible. The Denver Regional Council of Governments (DRCOG) has put together a plan called Metro Vision. If you’re interested in predicting what will be a “good location” in the near and distant future, take a look.

What buyers wouldn’t have considered 20 years ago in Denver is the new, hip, exciting and trendy place to live today. What was the main artery of Denver 100 years ago has returned to one of those trendy neighborhoods. It’s tough to image Denver with Trolly Cars. It was a tough change for Stapleton to close and DIA to open. Just as it will be tough for some to jump on board with a NW Parkway through Rocky Flats. How about Rocky Mountain Arsenal becoming a protected wildlife preserve? Change is inevitable.

Since we can’t take an eraser to Location, Location, Location, it might be a good idea to come in and discuss your plans with us. When you’re finished, you might not need an eraser. Let’s make 2019 the best year ever!

Denver Real Estate Moves Toward More Balanced Market
Predicting how the real estate market will perform is like looking into a crystal ball. So, the best way to forecast how 2019 will fair is by taking a look back at trends from the previous year. Read More>>
7 Simple Ways to Make Your Home Cozy
Cozy spaces invite you and your guests to unwind, feel pampered, and be mindful. These simple tips don’t require that much effort but will create a whole new comfy atmosphere for your home! Read More>>
How To Spend Valentine’s Day in Denver
Whether you are looking for a fancy dinner at one of Denver’s hottest restaurants or something a little more out of the ordinary, there are plenty of ways to spend Valentine’s Day in Denver! Read More>>
Featured Properties
Lone Tree at It’s Finest!
10365 Prairie Sky Place, Lone Tree CO
Rare opportunity to own in the very Walkscore Friendly Parkside at Ridgegate. Minutes to light rail, I-25, C-470, Bluffs Regional Park, Lone Tree Arts Center, Lone Tree Rec Center, Douglas County Library, and numerous restaurants and shops. This stunning home is well maintained and appointed with high-end cabinetry, fixtures, and finishes. Gourmet kitchen features stainless appliances, granite countertops, and an inviting, oversized center island. Open floor plan with soaring, 2-story great r…
Full Property Details »
641 Ruby Trust Way
641 Ruby Trust Way, Castle Rock CO
The essence of this property deserves a patient visit. Purposely placed at the end of a wooded ridge-top cul-de-sac, this sophisticated Austin Signature Homes built ranch is the epitome of refinement, flawless in every detail & maintained to the nines. This storybook setting with its cascading waterfalls, stone walkways & flower beds sits amongst old growth pines. The views are spectacular both day and night and captured from every window, deck & walkway. A “Wow” entry invites…
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5153 South Liverpool Way
5153 South Liverpool Way, Centennial CO
Once in a while, a home comes along so complete, it is immediately ready for the entire family. THIS IS IT!!! You will be greeted by vaulted ceilings in the entry and living room, a spacious dining room, a kitchen with lots of cabinets, countertop space, and stainless steel appliances and a cozy family room with a gas log fireplace and access to the deck. There is a loft upstairs with 3 additional bedrooms including a spacious master suite with a walk-in closet. The finished basement has a ki…
Full Property Details »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
Market Movers
A $27 million affordable housing development will soon break ground in Globeville. It will provide 91 units and 12,500 square feet of commercial space for Laradon to provide services to people with disabilities.

In the next year, a handful of metro areas that competed for Amazon’s second headquarters, Denver included, are expected to outperform the national rate of home value appreciation.

A 103-acre parcel of land in Arapahoe County just outside the city limits of Littleton, has been sold and will be developed into single-family homes. Wild Plum Farm is located along the South Platte River in the town of Columbine Valley.

Testimonial
Dee and Tom are a strong team. We were selling our fixer upper just as we hit a slow patch in the market. A buyer emerged but had multiple fix-up requests. Dee and Tom could not have been more helpful in negotiations with the buyer but also with fix-up sub-contractors. Consummate professionals. Follow Up Remarks: Barely a day goes by that I don’t feel relief that we were able to sell our GV house in such a challenging market. It would not have happened, especially all the final fix-ups, without your professional assistance. Your optimism and can-do attitude were also greatly appreciated. You’re the best!!
-Bill M.
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©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.
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@MyTownCryer #MondayMarketUpdate #MondayMotivation

What's Important Today?How would you describe your world?  How would you describe your future?  How would you describe your past?  How would you describe your “perfect home”?  Tough questions for a Monday Morning, huh?  But, open Amazon and type in self help, and there will be a title for each one of these questions.

Even the Wall Street shows have a competing guest for whatever the market is doing.  If the market is up in the morning, they’ll have a guest telling us why, if it is down, they’ll have a guest telling us why.

Is our real estate market any different.  Denver’s market is bifurcated.  Some neighborhoods and some prices are still showing price appreciation.  Some neighborhoods and some price ranges are clearly demonstrating the symptoms of a slow down.  Inventory, days on market and average prices can be viewed as leading indicators, and all we have to do is follow them.

Finally, sometimes, the market fools us.  When we look at averages for the entire market, the good can outweigh the bad, and the bad can sometimes outweigh the good.  Discerning eyes are important when consuming the news about any market.

Class let’s pay attention this morning…  This week’s MLS statistics are telling once again.

New Listing (951)  As we move into the selling season, inventory is entering the market!
Back On Market (168)
Price Increase (127)
Price Decrease (612)
Under Contract (1107)  This number has been climbing at about 10% per week since 2019 started.  Demand is not shy!
Withdrawn (105)
Leased (37)
Sold (573)  This is off a bit, but this number is result of what happened that last few weeks of 2018.  Not much happens around the holidays, so not much closes in late January.  Let’s not focus on this one today.
Expired (218)

So, what does all this mean?  Well, it means we can’t judge a market by a day, a week, a month or a quarter.  We can make some judgements on a year, and we can watch neighborhoods closely and learn from the Micro and Macro numbers.  Please follow along as we blaze a trail for you to follow Denver’s Market in 2019.

Finally, if you are an explorer, head out into the market alone.  If you don’t have time to understand, learn or tame the market, hire a guide.  In the long run, you will have an easier time of it.  We will be here for you every step of the way…tc

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

#DenverCommutingTimes

average commute time in u.s. by state and cityThis is a very handy guide to commuting times around the good old usa.  It’s relatively accurate, and when I think back on my own clientele, they tend to fit into this range nicely.

It seems commuting times in Denver are greatly exaggerated at times.

What are your thoughts?

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