03/01/2022 #BlackSwan vs. #GoldenGoose

Posted on March 1, 2022 by Dee & Tom Cryer

My goodness, how a few days can change the world. However this Ukraine Invasion goes, the World will never be the same. This week, the #BlackSwan has been much stronger than the #GoldenGoose! Far and away, the events in the Ukraine have monopolized our thoughts, prayers and plans moving forward.

How will this international turmoil impact us in Denver, “500 miles from nowhere”? Let’s take a look back over the last 7 days.

New Listing (657) YEAH!!! This is higher than last week, but last year at this time, we had 706 new listings and I called that number “embarrassingly low”!!! We NEED inventory badly.
Coming Soon (258) This may be the help we need however small, it is almost double a couple of weeks ago…
Back On Market (99)
Price Increase (192)
Price Decrease (132)
Pending (1307) A great number, but more Pendings than New and ultimately we will continue to have a market in SHORTAGE.
Withdrawn (59)
Leased (58)
Closed (1306). This is a strong number, but not earth shaking. It continues to prove the demand in this market place is getting buyers and sellers to the Table in typical fashion.
Expired (193)
Data from MLS over the last 7 days.

Hallelujah! The number of Active Listings is UP! BUT, only by 50-75 new listings; hardly enough to swing things toward the BUYER with so much competition.

The National Economy, Local Economy, Job Growth, Demographics, Interest Rates, Affordability and with only 1,012 Active Listings, we will continue to have a shortage problem. Remember, in 2012 we had about 25,000 to 30,000 active listings!!! Even a few months ago, we had well over 4,000 active listings.

Last 12 Months

Now it is time to stitch these events and pressures on our market place together. Obviously, our #BlackSwans have to be #Ukraine and #Rates. There is plenty of evidence it will not be pretty when the smoke settles in the Ukraine. There are many market pundits believing rates are going to race to 5%. This can’t be good. I’d love to hear your thoughts.

On the other hand, the #GoldenGoose of Denver Demand has not skipped a beat. Working with 5 different buyers submitting offers over the last week, all 5 lost to offers more than 10% above list prices and “all cash”. The Demographics in Denver have ganged up on the buyer. We rank #4 for Boomers aging in place (Not Moving). We rank very high with two income millennial buyers seeking their first homes. New Construction can’t keep pass. Because our market remains so strong, we have attracted every “Quick Offer”, “Fix and Flipper”, “Investor” and more. Demand, Demand and more Demand in this market place is the focus right now.

We will work hard for you interests, guide you through the maze and advise you how to become the “A” Student in the Front Row getting the most attention for your offer. In over 40 years in the residential market in Denver, we have never observed anything like this, and we have certainly never seen a market like this last so long. We are all in uncharted territory. You need a team of battle worn, experienced experts who know the Denver Market like the backs of their hands. Please read our Testimonials at TheCryerTeam.com for confirmation. Thank You…

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2-22-22 #Twosday #WWTCD

Posted on February 22, 2022 by Dee & Tom Cryer

I’ve promised many times over the years with this blog to keep you honestly informed on Denver Market Watch Events. Let’s dig deep today!

New Listing (627) On a percentage basis this number is up 20%, but starting from such a low baseline, it hardly puts a dent in the shortage buyers are facing in this market.
Coming Soon (213) Once again, up about 25%, but this will hardly make a difference.
Back On Market (96) Really unchanged here.
Price Increase (155) This is a tactic Listing Agents have been employing when too many offers come in over List Price. I’m not sure what it does for the transaction.
Price Decrease (160) This number is little changed.
Pending (1340) With more supply, we would be getting even more accepted contracts. This shows us the “Back Room” is full of demand. If this opens up with even more moving into March and April, could we set some records? Maybe!
Withdrawn (71)
Leased (41)
Closed (937) This number has not jumped. Let’s look at this next week as we roll into month’s end.
Expired (75)
The Last 7 Days in Metro Denver’s MLS

So, overall, we are starting to see some seasonal growth in weekly inventory. I would follow this up with, “I wish I could see April’s Numbers now!”

Let’s look at the total of active listings in all price ranges in the Denver Metro MLS System.

This Chart Tells Us There Are Only 917 Active Listings This Morning. It’s TwosDay!!!

So, as I like to say/write, “Long Story Short”, If you’ve been waiting on the sidelines because you are smarter than the market and are willing to wait this out for the next, “BIG SHORT”, enjoy yourself. If you are ready to buy, and have a 3-5 year horizon in Denver, (#WWTCD) I’d be a buyer. Home ownership is a wonderful thing. Just ask me. The benefits of homeownership are far reaching; make no mistake about it!

We would be proud to walk into battle with you. Please give us a call. Let’s make a battle plan and take this market on together…tc

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02/15/2020 #FiguresDon’tLie #LiarsFigure #TestimonialTuesday

Posted on February 15, 2022 by Dee & Tom Cryer

In this business, a Testimonial is like premium gas at the pump. It gives the old 4-Wheeler a lift, a jolt and smile! So, here goes, #TestimonialTuesday…

“This is the fifth deal that I’ve done with TOM and Dee. They helped me purchase my dream home and they also helped me get $50,000 over ask for my current condo. They have far exceeded all expectations and I don’t know of a better duo. From my first deal years ago where I had no idea what I was doing to being a well educated consumer at this point, I owe it all to the both of them. They are so knowledgeable, so professional, and get the deal done. They are my realtors for life!”

What about Statistics and Figures? Let’s start with some Denver History. In 1976, fresh out of the University of Denver, I was charged with developing my knowledge of Denver’s Residential History. Being a Residential Archaeologist was not easy. Nobody even knew what it was, but I set off on my mission to understand the nuances of Denver’s neighborhoods and sub-markets. Long story short, I learned there is no such thing as an Average Market, but there is an average. I learned a few other things along the way to be sure, but this market has taught us something crucial about “Residential Archaeology”. “But, it’s different this time”…, holds true. We are into this for years now. No Denver Market has ever accomplished what this one has. So, let’s look at the numbers for Single Family Residential Listings/Sales in the 11 Counties in and around Denver.

I guess what this little exercise is going to show us is how Appreciation operates within a market. This first graph will show you the top end of the market with those transactions over $2,000,000.

Notice in this Chart above, we’ve exploded from 120 sales in 2012 over $2M to more than 1,200 sales in 2021 over $2M. A TEN Fold Increase in the Number of Transactions OVER $2M…

Now, let’s look what’s happened under $400K in the Denver Metro Market since 2012 in the chart below.

The Number of Single Family Sales Has Decreased Under $400K. We’ve dropped from 40,000 Sales in 2012 to under 20,000 sales in 2021. This has pushed the entry level buyer out of the market with the lack of inventory.

So real briefly here, with Appreciation, the Expansion of the Denver Metro Area and the Growth of superior employment opportunities, Denver has become more Affluent. On the same hand, we now have fewer residential opportunities on the lower end of the price scale due to Appreciation. So, on one end, we have more money and on the other end, we’ve wiped away entry level opportunities and created the Famed Housing Shortage. We all know it is more complicated than this, but there is no denying money can’t buy one happiness, but it sure helps when one is trying to buy a house in Denver.

IN CLOSING, I don’t believe this figures to be lying, but it always possible to take another perspective when it comes to figures. Give it a shot and let me know what you think.

Remember, Buying, Selling, Investing in Denver Residential Real Estate requires an expert. With Decades of Battle Tested Experience by your side, The Cryer Team is what you need, want and must have. Dee and Tom are here for you every step of the way…tc

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02/08/2022 #EmptyShelves #TuesdayTestimonials

Posted on February 8, 2022 by Dee & Tom Cryer

Two pearls from the last week.

“Don’t wait and allow your buying power to erode.”

“Rates are going up.” I’m not so sure here, I think they have already had their run up?

What’s the point? The point is with prices still rising and rates creeping up, a buyer’s buying power is eroding. On the other hand, rates could slow buying in some price ranges and benefit a patient buyer. Risk and Reward, right?

I was quoted last week as having related the “buyer’s chorus” over the last few years…

2020 – “Prices are too high” 2021 – “Prices are too high” 2022 – “Prices are too high, and now rates are up.” As a buyer, one must not look at today, but one must look 5 years out. Short sightedness is the curse of every investor/homeowner at one time or another. “The water is warm; jump in!”

Let’s look at a few charts. The first chart will be our weekly activity chart.

New Listing (542) Wow, how can this remain so LOW!!!
Coming Soon (179) UP a little, but clearly not enough to make an impact on supply…
Back On Market (109)
Price Increase (275)
Price Decrease (124)
Pending (1235) I’ll ask again. Where are buyers finding Actives to put Under Contract?
Withdrawn (60)
Leased (43)
Closed (906) Is this a beginning of Supply Shortage slowing sales down?
Expired (179)
The Last 7 Days of Single Family Activity in Denver Metro

My goodness, we are into Mid-February at this point, and I would have believed the the Denver Market would have shown it’s true colors by now. All we’re getting is more of the same. Shortage, shortage, shortage!!! Here’s proof.

An All Time Low of Inventory Denver Metro Single Family 11 Counties.

But Wait There’s More… This next image is telling us, there is a possible a top to this market coming. Do you believe it.

This is the average price over the last 10 years. $689,000 Can you believe it?

I know we are early on into 2022, but this is really the first sign of any type trying to send us a message. What’s your guess? Too soon to tell? It will go higher? At this point, my guess would be to flatten the curve.

#TestimonialTuesday

My Realtor gave me great information. Answered all my questions in ways that I could easily understand and available for any concerns I might have.She was really ahead of the game on information needed by me to make good decisions in the selling of my home. No problems whatsoever. The pictures of my home really were indicative of what a great family home it would be. I am very thankful Dee was my Realtor.

Like I was quoted above, “The water is warm; jump in…”, and have a great week!

Posted in Denver Residential Real Estate | Tagged | 1 Comment

Encouraged by Stacker to Repost This Story on Population Movement to Colorado During 2021

Posted on February 7, 2022 by Dee & Tom Cryer

Before you read this, what state do you think sends the most new residents to Colorado?

States sending the most people to Colorado

The U.S. population between 2019 and 2020 grew at the lowest rate in 120 years—just .35%, according to the U.S. Census Bureau. But low population growth didn’t stop many people from moving, as western and southern states saw influxes in population while California and New York saw the biggest drops.

Stacker compiled a list of states that are sending the most people to Colorado using data from the U.S. Census Bureau. States are ranked by the number of people that moved to Colorado from the state in 2019.

The 2019 National Movers Study found that the states with the most inbound moves were Vermont, Idaho, Oregon, Arizona, and South Carolina. Keep reading to find out which states are sending the most people to Colorado.

#30. Michigan

– Moved from Michigan to Colorado in 2019: 3,101
— 1.3% of new residents that moved from another state
— #17 most common destination from Michigan
– Moved from Colorado to Michigan in 2019: 2,459
— #28 most common destination from Colorado

#29. Indiana

– Moved from Indiana to Colorado in 2019: 3,114
— 1.3% of new residents that moved from another state
— #13 most common destination from Indiana
– Moved from Colorado to Indiana in 2019: 2,050
— #31 most common destination from Colorado

#28. Pennsylvania

– Moved from Pennsylvania to Colorado in 2019: 3,362
— 1.4% of new residents that moved from another state
— #21 most common destination from Pennsylvania
– Moved from Colorado to Pennsylvania in 2019: 1,631
— #35 most common destination from Colorado

#27. Alabama

– Moved from Alabama to Colorado in 2019: 3,422
— 1.4% of new residents that moved from another state
— #9 most common destination from Alabama
– Moved from Colorado to Alabama in 2019: 2,042
— #32 most common destination from Colorado

#26. Maryland

– Moved from Maryland to Colorado in 2019: 3,555
— 1.5% of new residents that moved from another state
— #13 most common destination from Maryland
– Moved from Colorado to Maryland in 2019: 1,960
— #33 most common destination from Colorado

#25. Oregon

– Moved from Oregon to Colorado in 2019: 3,619
— 1.5% of new residents that moved from another state
— #7 most common destination from Oregon
– Moved from Colorado to Oregon in 2019: 5,730
— #11 most common destination from Colorado

#24. New Jersey

– Moved from New Jersey to Colorado in 2019: 3,677
— 1.5% of new residents that moved from another state
— #15 most common destination from New Jersey
– Moved from Colorado to New Jersey in 2019: 3,314
— #22 most common destination from Colorado

#23. Wyoming

– Moved from Wyoming to Colorado in 2019: 3,860
— 1.6% of new residents that moved from another state
— #1 most common destination from Wyoming
– Moved from Colorado to Wyoming in 2019: 3,129
— #24 most common destination from Colorado

#22. Nevada

– Moved from Nevada to Colorado in 2019: 3,888
— 1.6% of new residents that moved from another state
— #5 most common destination from Nevada
– Moved from Colorado to Nevada in 2019: 3,206
— #23 most common destination from Colorado

#21. Louisiana

– Moved from Louisiana to Colorado in 2019: 3,901
— 1.6% of new residents that moved from another state
— #6 most common destination from Louisiana
– Moved from Colorado to Louisiana in 2019: 1,881
— #34 most common destination from Colorado

#20. Oklahoma

– Moved from Oklahoma to Colorado in 2019: 4,412
— 1.8% of new residents that moved from another state
— #5 most common destination from Oklahoma
– Moved from Colorado to Oklahoma in 2019: 9,020
— #5 most common destination from Colorado

#19. Ohio

– Moved from Ohio to Colorado in 2019: 4,432
— 1.8% of new residents that moved from another state
— #17 most common destination from Ohio
– Moved from Colorado to Ohio in 2019: 3,905
— #18 most common destination from Colorado

#18. Wisconsin

– Moved from Wisconsin to Colorado in 2019: 4,454
— 1.9% of new residents that moved from another state
— #7 most common destination from Wisconsin
– Moved from Colorado to Wisconsin in 2019: 3,125
— #25 most common destination from Colorado

#17. Missouri

– Moved from Missouri to Colorado in 2019: 4,801
— 2.0% of new residents that moved from another state
— #7 most common destination from Missouri
– Moved from Colorado to Missouri in 2019: 4,032
— #16 most common destination from Colorado

#16. Nebraska

– Moved from Nebraska to Colorado in 2019: 4,861
— 2.0% of new residents that moved from another state
— #2 most common destination from Nebraska
– Moved from Colorado to Nebraska in 2019: 2,816
— #27 most common destination from Colorado

#15. New Mexico

– Moved from New Mexico to Colorado in 2019: 4,895
— 2.0% of new residents that moved from another state
— #3 most common destination from New Mexico
– Moved from Colorado to New Mexico in 2019: 5,038
— #12 most common destination from Colorado

#14. North Carolina

– Moved from North Carolina to Colorado in 2019: 4,930
— 2.0% of new residents that moved from another state
— #13 most common destination from North Carolina
– Moved from Colorado to North Carolina in 2019: 6,089
— #9 most common destination from Colorado

#13. Minnesota

– Moved from Minnesota to Colorado in 2019: 5,523
— 2.3% of new residents that moved from another state
— #8 most common destination from Minnesota
– Moved from Colorado to Minnesota in 2019: 3,647
— #20 most common destination from Colorado

#12. Tennessee

– Moved from Tennessee to Colorado in 2019: 5,549
— 2.3% of new residents that moved from another state
— #9 most common destination from Tennessee
– Moved from Colorado to Tennessee in 2019: 4,674
— #13 most common destination from Colorado

#11. Massachusetts

– Moved from Massachusetts to Colorado in 2019: 6,053
— 2.5% of new residents that moved from another state
— #9 most common destination from Massachusetts
– Moved from Colorado to Massachusetts in 2019: 2,094
— #30 most common destination from Colorado

#10. Kansas

– Moved from Kansas to Colorado in 2019: 6,544
— 2.7% of new residents that moved from another state
— #3 most common destination from Kansas
– Moved from Colorado to Kansas in 2019: 7,224
— #7 most common destination from Colorado

#9. Virginia

– Moved from Virginia to Colorado in 2019: 6,796
— 2.8% of new residents that moved from another state
— #12 most common destination from Virginia
– Moved from Colorado to Virginia in 2019: 4,588
— #14 most common destination from Colorado

#8. Georgia

– Moved from Georgia to Colorado in 2019: 6,985
— 2.9% of new residents that moved from another state
— #11 most common destination from Georgia
– Moved from Colorado to Georgia in 2019: 2,904
— #26 most common destination from Colorado

#7. Washington

– Moved from Washington to Colorado in 2019: 7,333
— 3.0% of new residents that moved from another state
— #6 most common destination from Washington
– Moved from Colorado to Washington in 2019: 6,829
— #8 most common destination from Colorado

#6. New York

– Moved from New York to Colorado in 2019: 7,965
— 3.3% of new residents that moved from another state
— #14 most common destination from New York
– Moved from Colorado to New York in 2019: 5,754
— #10 most common destination from Colorado

#5. Illinois

– Moved from Illinois to Colorado in 2019: 10,153
— 4.2% of new residents that moved from another state
— #11 most common destination from Illinois
– Moved from Colorado to Illinois in 2019: 3,455
— #21 most common destination from Colorado

#4. Arizona

– Moved from Arizona to Colorado in 2019: 10,616
— 4.4% of new residents that moved from another state
— #3 most common destination from Arizona
– Moved from Colorado to Arizona in 2019: 14,684
— #3 most common destination from Colorado

#3. Florida

– Moved from Florida to Colorado in 2019: 14,124
— 5.9% of new residents that moved from another state
— #13 most common destination from Florida
– Moved from Colorado to Florida in 2019: 13,656
— #4 most common destination from Colorado

#2. California

– Moved from California to Colorado in 2019: 29,350
— 12.2% of new residents that moved from another state
— #6 most common destination from California
– Moved from Colorado to California in 2019: 15,085
— #2 most common destination from Colorado

#1. Texas

– Moved from Texas to Colorado in 2019: 32,295
— 13.4% of new residents that moved from another state
— #2 most common destination from Texas
– Moved from Colorado to Texas in 2019: 18,189
— #1 most common destination from Colorado

Was you guess correct?

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02/01/2022 #Wordle #TerrificTuesday

Posted on February 1, 2022 by Dee & Tom Cryer

Looks like another word game is taking the world by storm! Are you in? My best so far is 3/6. If you know, you know.

We are down to just 908 detached single family listings in the 11 county metro area. Look:

Only 908 Active SFR Listings

Well, over the last 7 days, there has not been much new to the market. The shortage is continuing. Are you up for the competition? A year ago, had more that double todays market as active listings.

New Listing (525) Can you believe this? Crazy low!!!
Coming Soon (167). This is growing a bit. Hope on the horizon???
Back On Market (98). This represents 10% of the # of closings. Let’s keep an eye on this?
Price Increase (196)
Price Decrease (149)
Pending (1178) The constant trend of under contract listings dwarfing the number of new listings is ominous. This is where the change needs to start!
Withdrawn (63)
Leased (32)
Closed (917) Although buyers and sellers are getting to closing, a fair amount are left behind and back on the market. Inspections, Financing, Back up Offers?
Expired (194)
ABOVE: The Last 7 Days of Residential Activity in Denver Metro 11 Counties

In spite of this low supply, competing buyers and in the face of recently increasing interest rates, Dee and I have been able to assist two households with the ability to move up with successful sales on both ends and smiling faces in the last month.

It’s a good life in spite of what’s happening around us each and every day. Let’s all take a minute and commit a random act of kindness today, because Tuesday is Terrific, and let’s reflect on the things for which we are grateful.

In closing, if you’ve been contemplating a move up, let’s do it! If you’ve been contemplating pricing down or moving to smaller accommodations, let’s do it! If you’ve been thinking about building a new home, let’s do it. What about an investment in an OZ (Opportunity Zone), let’s do it! If you’ve been considering moving grandparents to the metro area to be closer, let’s do it! We do it…

For all these reasons and more, we are here to help from soup to nuts (Did you know that was a full course dinner in the 1800s?). Or as Dee likes to say, “Every step of the way”…tc

Posted in Denver Residential Real Estate | Tagged , | 1 Comment

01/25/2022 #Principles #RayDalio #RadicalTransparency

Posted on January 25, 2022 by Dee & Tom Cryer

In case you’re not getting it, I’m reading Ray Dalio’s book, “Principles”. I’m about halfway through the book, and I can say unequivocally, it is worth your time.

WE welcome another week in the Denver Residential Market with very few new listings, ferocious demand and some how, buyers and sellers are still getting to the closing table. There is nothing exciting about Coming Soon or Back on the Market Listings to offer any great encouragement for the typical buyer in this market. But, stay tuned…

New Listing (511). Very Very Low!
Coming Soon (144). Minor improvement here…
Back On Market (110). More than last week.
Price Increase (249)
Price Decrease (150)
Pending (1221). This is like a mid-season week. Where are buyers finding these?
Withdrawn (86)
Leased (61)
Closed (859). This is an OK week, but very reflective of low, low inventory.
Expired (85)
Residential Trend 11 Counties Denver MLS Last 7 Days

Total Active Listings?

You heard it here first. As far as Single Family Residential inventory goes, we have fewer active listings this week than last week with only 930 Active Listings!

Having been on the Listing Side and the Buyer Side recently, we clearly have experienced what works and what doesn’t.

Buyer or Seller Commitment, Laser Focus, Ingratiating Communication Skills and a Love for the Process are the Foundation for Success.

“What would we do if we were in the market?” In my humble opinion, this is the question every seller or every buyer should be asking their Broker, Lender, Inspector(s), etc. Around every corner in the home buying process, there is a place in one’s conversation for this question as it leads to more knowledge, confidence and understanding.

Most people give up just when they’re about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown. Ross Perot

Don’t give up on the one yard line…tc

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01/18/2022 #TestimonialTuesday #DejaVuAllOverAgain #BareShelves

Posted on January 18, 2022 by Dee & Tom Cryer

Let’s take a look at what’s happened in Denver Metro over the last 7 days.

New Listing (566) This is shaping up to be less supply than 2021,,,
Coming Soon (124). Low
Back On Market (103). Low
Price Increase (216)
Price Decrease (170)
Pending (1101) Where are buyers even finding these Listings to buy?
Withdrawn (71)
Leased (45)
Closed (808) Once again, buyers keep finding their way to the closing table!!!
Expired (89)
Over the Last 7 Days in the 11 Counties Around Denver

Well, what else happed in the last week?

Time frame is from Feb 2021 to Jan 2022
County Or Parish is one of ‘Adams’, ‘Arapahoe’, ‘Boulder’, ‘Broomfield’,
‘Clear Creek’, ‘Denver’, ‘Douglas’, ‘Elbert’, ‘Gilpin’, ‘Jefferson’, ‘Park’
Property Type is ‘Residential’
Property Sub Type is ‘Single Family Residence’

I can not impress upon the reader of this much more than I have in the past. We actually have 6 fewer active listings than last week. SUPPLY IS IN SHORT SUPPLY. In more contemporary terms, the Denver Residential Market has #BareShelves.

We can write about #BlackSwans and #Headwinds, but when the day comes to an end, it’s all about Supply and Demand. We have no Supply and Demand remains strong.

#TestimonialTuesday

“My Realtor gave me great information. Answered all my questions in ways that I could easily understand and available for any concerns I might have.She was really ahead of the game on information needed by me to make good decisions in the selling of my home. No problems whatsoever. The pictures of my home really were indicative of what a great family home it would be. I am very thankful Dee was my Realtor”

One thing you will see from our Testimonials on at http://www.thecryerteam.com is we care. Every transaction is different. What one buyer needs, another doesn’t. What one seller needs, another doesn’t. But what every one of our clients needs is our time, engagement and care.

Until next week, #Denver50…

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01/11/2022 #NotaBot #RollTideRoll(Not) #HowBoutThemDawgs

Posted on January 11, 2022 by Dee & Tom Cryer

As we ROLL (Not) into 2022, I’m going to take a guess. “What’s the market going to do?” is everyone’s question at hand. One year ago, I wrote this…

“Participating in the acquisition of a residential purchase has its challenges. From the early stages of qualifying to the late stages of time spent at the “closing table”, by now, I think we have “seen it all”. That, however, is never true. There is always something over the horizon we’ve never seen before, coming our way. Maybe that’s what keeps this business so interesting thus keeping our interest, who knows? We love it, and we love serving our Clients and Customers “every step of the way”. There is one thing for sure, the sun does always come up tomorrow….”

Well the more things change… Let’s do this right now.

New Listing (531) This is a clear indiction of continues supply shortage!
Coming Soon (122) This is below what we need to balance things out for the buyer.
Back On Market (116)
Price Increase (193)
Price Decrease (157)
Pending (1027) Hard to believe the buyer can still find this much inventory!
Withdrawn (82)
Leased (47)
Closed (1037) Once again, where is this inventory being found. Buyers have it rough!
Expired (96)
Supply and Demand in the 11 Counties surrounding Metro Denver.

With this graphic we can only conclude, 2022 will follow along in the same tracks as 2021, but wait, there’s more. 2022 has some headwinds 2021 did not face. 2021 Had extremely liberal monetary policy. In 2022, rates will be higher. It’s that simple.

The Path of Inventory Over the last 12 Months.

As we start the year with little over 1,000 Active Listings, Rates will have to increase even more to build inventory to a level considered favorable to buyers. That’s correct, we are starting 2022 with 1,017 active Single Family listings in the 11 counties. That is an extreme shortage when considering this geographic boundary represents about 3.25M people.

Why is the supply so low? Millennials are creating families, Boomers are “aging in place”, Xers are moving up, and new construction where consumers want to live is well above average prices for the area. So, what does this mean? The Sky Is Not Falling, but don’t get caught with your pants down, and please don’t do what “Stupid” does!

Give us a call, we’ll put you on the right track as your Trusted Advisors.

Dee & Tom

Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237
303-638-3202

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#01/04/2022 #SupplyChain #Shortage #NewYear #TestimonialTuesday #DenverMarketWatch

Posted on January 4, 2022 by Dee & Tom Cryer

Let’s get right into this for our first post in 2022. 2021 Was another remarkable year. We cleared the market and left the shelves bare.

Let’s look…

Starting the year with 1011 Active Listings for the 11 Counties of Denver Metro.

I was writing last year about our shortage of inventory when we had 4,000 active listings, but now we only have 1,011 Active Single Family Residences. Properties are selling before the sign goes up. Buyers are driving popular neighborhood like “Sharks in the Water”. Storage Pod? Let’s knock on the door… And, so it goes right into 2022.

BUT, what does this look like from an historical perspective? Like this…

10 Years of SFR Inventory History in the 11 Counties Around Denver.

From over 14,000 to right at 1,000 in 10 years. WOW! Does it make sense now? My goal is to demonstrate to you how robust we are on the buyer side and how we do not have inventory to satiate this demand on the seller side, and demonstrate the cold hard fact this is not changing anytime soon. I can’t tell you how many buyers we interviewed at this time in 2021. The instantly became discouraged, couldn’t take rejection and didn’t want to pay the price. Now, its 2022, inventory is even lower, demand remains unchanged, and to throw salt on that wound, interest rates are up a half a point. If you can’t trust your Realtor, get a new one!

For us, 2021 was a great year. We were blessed with two new little grandsons, Townes and then 12 days later Wesley came into this world. The market also blessed us with some really amazing sellers and incredible buyers willing to fight the good fight in a crazy market. We have so much gratitude for the referrals and testimonials. Thank You!

In closing, we’d like to share some recent testimonials. It’s true, Deirdre Rocks!!!

“Tom and Dee were outstanding! Their experience and expertise were an immense help. We primarily worked with Dee after our initial meeting and her insight into what to look for and assessing value was amazing. Even more so was her diligent follow through on every detail regarding getting information from the seller and insuring every detail was handled correctly. Dee made a complicated process incredibly easy for us because of her tenacious and tireless efforts.”
Marcus C.


“Dee and Tom were extremely helpful and added tremendous value!”
Juan P.


“The Cryer team is a gem of a team in Kentwood. We were fortunate to have partnered with them in this journey. Dee has been extremely thorough, methodical and phenomenal buyers agent. She is extremely dependable and wins the customer trust with facts, focus, thought out process and intention. She reads and discusses very frequently making sure we are on the right path, leads us to the right path when sometimes buyers could be emotional and not logical. Brilliant experience. Makes the Realtors world a better place with agents like Dee & Tom for buyers/sellers. We need more of them to make a better impression to the realtor community.”
Anitha T.


“Dee & Tom are a dynamic duo! My family has used realtors to buy homes in five states. The Cryer Team were exceptional. Their attention to our style, interest, and needs made our search for a home while out of state and in a difficult market feel easy. The whole process was the most seamless, organized, and stress free house purchase we have made. Dee & Tom have a unique approach in helping a family find a home but their approach works. We are in love with our neighborhood and our house.”
Nicole

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