MyTownCryer

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Withdrawn (179)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!

1395 S Josephine Street

The Cryer Team Kentwood DTC ​‌(303) 887-3917‌​

Another perfect home found and closed! If you’re in the market to buy or sell, and want to learn more about navigating the real estate market, please don’t hesitate to contact us. We’re happy to help!

JUST SOLD 1395 S Josephine Street Denver, CO 80210 $755,000 3 Bed / 2 Bath / 1,786 SQFT Lot size 6250.0 sq ft

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Contact me with any questions: The Cryer Team Broker Associate dcryer http://www.thecryerteam.com (303) 887-3917 (Direct) | (303) 773-3399 (Office) Kentwood DTC 4949 South Niagara St Denver, CO 80237 Kentwood Real Estate © 2020 MoxiWorks Privacy Policy | Terms of Use Not enjoying this email? Unsubscribe here

790 International Isle Drive

505 S Braun Circle

Good Morning Everyone!

August was record breaking in many ways this year. Denver was hot. Not only on the thermometer, but hot in transactions with residential real estate. The stock exchanges were also record breaking; up in a big way.

But, now it is September, and it is snowing in Denver, the thermometer has moved to COLD overnight, the stock exchanges have “burst”, and it’s a brave new world.

I see good news everywhere. I went to the dentist this morning; business as usual. Dee and I had a haircut last week. Dee and I went “out” to dinner. Everyone at the grocery store is wearing a mask. People seem less fearful.

Overall, the mood of the market is very strong, and this weeks MLS numbers below confirm this notion.

New Listing (1164) Still a major concern! No new inventory!!!
Coming Soon (177)
Back On Market (274)
Price Increase (325)
Price Decrease (796)
Pending (1720) A strong weekly number not unlike August.
Withdrawn (167)
Leased (70)
Closed (1500) Another strong weekly number. Strong enough to set records!
Expired (415)

We will not be posting an update next week. So our next post will be September 22nd. Let’s hope we have some strong numbers to finish out the 3rd Quarter.

Stay Safe, Healthy and Remember, the Realtor you choose does make a difference…tc

https://www.luxuryrealestate.com/residential/3351971

Tom Cryer
Tom@kentwood.com
303-638-3202
Www.TheCryerTeam.com