MyTownCryer

Oh my gosh! It’s been two weeks since our last post on the #DenverMarketWatch. Family, Travel and Fun have interfered with our ability to get this out to you, but here we are today, giving you a great big dose of #MoreoftheSame!

Just take a quick look below. New Listings are half of what Pending and Closed transactions are for the last week. When a #ResidentialMarket only offers 1,000 new listings when it is absorbing twice this amount every week, a shortage is sure to occur and sure enough, #WeHaveaShortage!

New Listing (1068) This is simply a CRAZY low number of new Listings!
Coming Soon (191)
Back On Market (251)
Price Increase (302)
Price Decrease (906)
Pending (1920) Buyers still fighting for every new listing!
Withdrawn (225)
Leased (83)
Closed (2062) This number is reminiscent of peak summer, not fall!
Expired (442)

Let’s talk about the “Long Story Short”. We need LISTINGS! If you have for one moment considered marketing your home, please give us a call. We can help you move up, move down, price down, price up. Moving from one home to another is not that hard, but it does take experience and local knowledge with a team of experts to make it happen. We have already helped so many buyers and sellers compete in this market place so far during 2020, there is no question, we can help you too.

The important item to keep in mind. Every buyer and seller have their own special needs. Every property has a different set of obstacles. We are here for you. Let’s talk! 303-638-3202 or TheCryerTeam@Kentwood.com. We would honor the opportunity to be your trusted adviser.

Please enjoy one of our recent testimonials.

“Outstanding attention to detail and guided us through the whole process from listing to closing. The marketing was so good, we listed the property on Friday and had an offer by the following Tuesday….. closed the sale 3 weeks later! Great advice and always available (7 days a week) for questions. They saved us a lot of money by recommending appropriate contractors to deal with the repairs required by the buyer. Thank goodness we had the Cryer team to keep the sale on track…. The buyers’ realtor was about as much use as a chocolate oven. I would have absolutely no hesitation using them again or recommending them to a friend or family member. David H. 9/28/2020.”

https://www.prnewswire.com/news-releases/kentwood-real-estate-president-and-ceo-gretchen-rosenberg-honored-with-the-2020-housingwire-vanguard-award-301144559.html

Tom Cryer
Tomcryer@me.com
303-638-3202

Your monthly source for community and real estate news.

5369 Moonlight Way

I spent a week or so away, and look, nothing changed. WE are still placing new listings under contract or pending faster than new listings can catch up. This trend has consistently tracked through 2020. This means low inventory, few buyer choices and a seller’s market.

New Listing (1103) Too low to help buyers in this market!
Coming Soon (182)
Back On Market (273) I want to comment here. There are buyers so eager to get something Pending, they make rediculous offers only to have buyer’s remorse the next day. Unfortunately, their representatives have not properly vetted them, and 272 bad decisions took place this week…
Price Increase (267)
Price Decrease (855)
Pending (1796) Sellers are liking this number!
Withdrawn (179)
Leased (79)
Closed (1609) This is a strong number; not record breaking, but still very strong!
Expired (249)

AS you can see, over the last 7 days, the MLS confirms what we are seeing on the street. Low, low, no inventory is plaguing this market, and buyers are the ones suffering from this. This leads me to our special request. If you are considering the sale of your home, please ring us up. We need inventory desperately. We have buyers on the sidelines, waiting. We have sellers looking for a place to move up to. They need choices. It is the perfect time to be a seller in the Denver market. Please don’t let this opportunity pass you by.

Let’s talk antidotally this week. We are observing the awakening of corporate and agency relocation again. We are logging calls from “Lifestyle” movers. We are seeing younger generations reaching out to buy their first home; triggered by interest rates and family support. This market is broad based in all price ranges, well supported by its diversity of age, economic strength and its move up market is well funded by years of positive appreciation. Denver is that “enigma, surrounded by a conundrum wrapped in a riddle”. Long story short, there is no bubble in sight.

The successes we have logged this year all share a cooperative partner seeking a well executed plan, a defined timeline and the desire for change. We can assist you with the same kind of professional service as your trusted advisor. Let’s discuss your plan of action today!