MyTownCryer

Your monthly source for community and real estate news.

We’ve become a #Hashtag world.  If it’s more than 140 characters, it most likely will not be read, seen or impactful.  But, I love doing these weekly updates; They keep me current, hopefully it gives you something to talk about, and last but not least, I always enjoy it when you pick up the phone because it was a conversation starter!

So let’s dive right into it!  Can I say, “More of the same”?  In a world so fractured, it is fantabulous I’m able to come to you with a weekly report and say, “More of the same”!  But it is #MoreoftheSame!  We are clearly rolling into the same seasonal data stream I would have been reporting in 2018, and 2019.  “We don’t have enough supply, pending properties are in some respects are above seasonal norms and closings have grown to a point equal to or greater than previous years on a weekly basis.”  As a result, “it’s a good life”.

MLS Weekly Market Watch

New Listing (1358) This is a low weekly numbers, but good for sellers!
Coming Soon (149)
Back On Market (320)
Price Increase (271)
Price Decrease (1114)
Pending (2044)  This is such a good number!
Withdrawn (202)
Leased (111)
Closed (1680) This is a strong number for the summer season.
Expired (180)

Why is 1,680 Closings a good number?  If you multiplied 1,680 X 52 Weeks the result would be 87,360 Transactions.  Our MLS number rarely if ever gets to 60,000 transactions in a year.  1,680 Closings is a big week!

We have some exciting new listings coming up for the second half of 2020.  Dee and I have been busy behind the scenes talking to our potential buyers and sellers regularly, and they are seeing the light at the end of the tunnel, and we can’t wait to show you what’s next.

While you are waiting for this new stuff, we have received an incredible price strategy for (Click Here) 790 International Isle Drive, and we believe it is worth another look.  At just $1,725,000 right now, it is a super bargain and well below its replacement cost.

As always, we are real estate busy everyday.  So far in 2020, our transaction volume has been more than double the office average and more than 5 times the average found in our MLS.  How can that be?, you ask.  Dee and I embraced technology early and often.  We became expert at selling a listing with FaceTime years ago.  In today’s world, everyone is under huge time constraints, and visiting a property “at large” has become the de rigueur particularly in the Covid Age.

If you would like to learn how we can protect your home as a new listing or if you would like to find your next home without fear of the Covid, we’ve been there and done that.

TheCryerTeam@Kentwood.com  and 303-638-3202.

Suburban Strength
In 2010/11, US cities grew 1.07% while suburbs grew 0.91%, a difference of 0.16 percentage points. That gap peaked at 0.25 in 2011/12 when cities grew 1.17% and suburbs 0.92%. The growth gap persisted for three more years but narrowed. By 2014/15, cities grew 1.03% while suburbs expanded by 0.95%. Since then suburbs have steadily bested cities and by steadily widening margins. In 2018/19 cities grew 0.31%, suburbs by 0.65%.Econ70 – Home of GraphsandLaughswww.econ70.comElliot F. Eisenberg, Ph.D.elliot@graphsandlaughs.net

Inside or outside, Pride is Pride.

With the number of closings mounting new heights every week, it is clear, the Denver Residential Market is back on track and racing toward a sellers’ market one more time.  Rates, limited supply and economic growth are the catalysts.  Additionally, there is no immediate end in sight to these three support vehicles!

New Listing (1324) New Listing Count is still lagging behind market demands.
Coming Soon (187)
Back On Market (330)
Price Increase (313)
Price Decrease (1170)
Pending (2080)  This is such a strong number.  Buyers are BUSY!
Withdrawn (202)
Leased (112)
Closed (1594)  This has become a typical seasonal number; very strong!
Expired (244)

What are we experiencing in our own practice?  We are observing sellers getting ready to dip into the market.  Covid-19 fears are diminishing, and sellers are maybe not so fearful of “strangers” in their homes, they still need to get on with their lives.  Buyers, albeit tentative in some circles, those with plans and family goals are clearly making this “The Time” to move forward.

The state flower is in bloom again, summer appears to be here again, and the market is opening up again.  If it is your time to start the dialogue about what your future will bring on the “Home Front”, please do not hesitate to pick up the phone, text or email us.  Dee and I are ready to lend our insight and help you along your journey.  The water is warm, step in and we will keep you afloat.

You can always reach us at TheCryerTeam@Kentwood.com or 303-638-3202.

6 factors to consider as you plan your next move.

Good Morning Everyone!

This Denver residential market appears to have been a locomotive just slowing down for a quick stop, because it is clearly back on track to a full seasonal swing and maybe more.  Take a look at this week’s numbers!

New Listing (1391) This number represents a shortage!
Coming Soon (177)
Back On Market (287)
Price Increase (353)
Price Decrease (1149)
Pending (2105)  This is a fantastic seasonal number!
Withdrawn (202)
Leased (107)
Closed (1420)  WE are still forming the end game, but still a bright spot here.
Expired (186)

Long story short, this market is healthy.  In spite of the events surrounding 2020, Denver’s Residential Market is not letting its self become a victim.  It holds its head up high and proud.  The water is warm, it’s time to jump in!

As you know, I like to editorialize a little each week.  This week, I want to report back about my observations from a recent road trip.  I love road-trips, but I always love arriving HOME when the trip is over.  One never really finishes a road-trip but one merrily wets the pallet for more.

On this trip, I traveled from Denver though Buena Vista, Gunnison, Montrose, Moab, Grand Junction, Steamboat Springs and Ft. Collins.  In every single locale I was impressed with the economic activity.  From the number of new pickup trucks with temporary tags to the new construction and development, these markets all looked Red Hot!  Sure there are a few store fronts with the “For Lease” signs in the window, but overall, Colorado looks very good to me.  Both Jim Rogers, “Adventure Capitalists” and John Lynch, “Beating the Street” would be proponents of this market based on my observations.

So, like I noted above, Denver’s market is coming out of this in at least very warm condition, and if we see a few more weeks like this, I am going to declare it to be “Red Hot”!

As always, Dee and I are here to make sense of it all.  Even our new website is coming along, take a look and give us a thumbs-up.  In the meantime, you can always reach us at TheCryerTeam@Kentwood.com.  We look forward to it!…tc

#RoadTrip #Colorado #RedHot #DenverMarketWatch2020

Good Morning Everyone, It is time for this week’s Denver Market Watch.  We continue to see that the Covid Shut Down was only a “blip” in the market.  Showings are up, contracts are up, and closing are bouncing back right along with them.

Below, you will once again find what’s happened over the last 7 days in our Denver MLS System.  We are starting to seasonal numbers like any other year.  Denver still has price ranges with no inventory, neighborhoods will not inventory.  Please follow along with my comments below.

New Listing (1386)  This number is low, but not tremendously so.
Coming Soon (194)  When this is added in, it looks a lot better.
Back On Market (309)
Price Increase (235)
Price Decrease (1183)
Pending (1928) This is a solid seasonally valid number!
Withdrawn (172)
Leased (106)
Closed (1219)  We are quickly catching up to a more normal market!
Expired (244)

We know various markets around the country are suffering badly right now.  The damage done to those markets will require significant time and investment.  Lives will be changed forever.  For many, the way they live will ultimately change forever.  Only time will tell the final outcome, but we know the sense of American Ingenuity and Perseverance ultimately triumphs and “steers the ship” in the right direction.

At Kentwood, we are constantly involved in our communities, schools and charities.  We believe in the benefits of homeownership, and we participate as Realtors to insure that every representative everywhere understands those benefits.

Dee and Tom Cryer are here for you, every step of the way.  TheCryerTeam@Kentwood.com 303-773-3399