MyTownCryer

We’re just … speechless.

As we move into the second half of 2020, how clear is our vision?

Well, this looks pretty clear to me. Our weekly MLS report is demonstrably clear. We have a sellers’ market! With new contracts exceeding new listings by 50% is pretty clear. Am I employing the word “clear” too many times? As a seller, if I had any thoughts of moving in the next 12 months, I would be putting my property on the market ASAP. Low, low rates, sky high demand and a seemingly endless line of buyers.

New Listing (1373) This number is not keeping up; we need more listings!
Coming Soon (220)
Back On Market (315)
Price Increase (229)
Price Decrease (1186)
Pending (2093) We clearly have a market with built-in demand. Great number!
Withdrawn (196)
Leased (122)
Closed (1797) A very strong number for a July week, wow!
Expired (265)

This week I was told about a Listing near Washington Park around $500,000 with 128 showings and 28 written offers. I was also told, the list price was intentionally low to force a sale over the first weekend on the market.

Every seller, and every buyer has their own motivating factors. You clearly need someone looking out for you in a market like this!

Dee and I work tirelessly for our clients ensuring they have professional representation. We will provide the same effort with you. Give us a call, let’s discuss your goals, your wants, your needs and your dreams. There is a perfect fit out there for you, and we will make sure you find it!

If you have been following me for any length of time, you know I believe strongly in the concept of Home Ownership. Communities with a high ratio of ownership have less crime, have better schools, have greater long term financial rewards and it is clearly a building block of American Culture.

Home Ownership should be a possibility for every American, and if you ask me, it could be if it weren’t for generations of ineffective leadership. Ultimately, HUD programs are not suited to the needs of today’s buyers, and politics always plays a roll in the bad decision making.

Still, the National Association of Realtors, Colorado Association of Realtors and the Denver Metro Association of Realtors agree with me; Homeownership Does Matter!

As always, you can reach Dee and myself at TheCryerTeam@Kentwood.com or 303-773-3399. Thank you for following along, this happens every Tuesday.

8 ways to make your staycation feel like a getaway.

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.