Is now a good time to buy a home?

Posted on June 18, 2020 by Dee & Tom Cryer

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6 factors to consider as you plan your next move.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=99fb1b0dae5e42039a05a63592ced0d8&_e=qmVFIZKN4WRP_VE2fPnvFIs3fDEXYeuu1E7vHHQgo_JMFvy1kSvW2YxeaRBM89dj5EcmfsnwKSyFuMUPxYukNMxYIIZ7ze2BKmEN-EY9TJVOrxvfAm7PpxHJTNkalmusT_5OEUvYbMxa7A02dHFsR4M5kGIejUCwgIU4D7Y0mtjHE49sWn1HqjPiCqxr51px

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Ask Questions, Be Diligent, Homeownership!

Posted on June 18, 2020 by Dee & Tom Cryer

5 KEY QUESTIONS FOR BUYERS AND SELLERS 

  1. How is the COVID-19 crisis affecting prices? Tight housing supply, a factor in pushing prices up in high-demand markets like Northern Colorado, will be a factor in keeping prices flat in our region in the near future. That’s the forecast from Lawrence Yun, chief economist for the National Association of Realtors. Nationally, Yun expects a mostly stable market for the rest of the year.
  2. Is it the right time to get in the market? Logically, demand will slow. Still, we continue to see activity in our area. In fact, many see real estate as a safe haven from riskier investments. If you’re thinking of buying or selling, our advice is two-fold. First, know your goals – i.e., do you need to move by a certain time? Next, work with a trusted advisor to decide if now is the time to act.
  3. Will interest rates go down? Rather than lean on predictions, we encourage you to act on what we know today – that interest rates are at historic lows. Better to seize upon the certainty. And keep in mind that for every 1 percent difference in rates, your purchasing power goes up or down by 10 percent.
  4. Will the housing market suffer any long-term damage? We think the answer is no. Housing is one of life’s three basic needs (food, clothing, shelter), and people will always buy and sell real estate. When the stay-at-home and safer-at-home orders are lifted, we believe many clients who postponed decisions will be eager to act.
  5. Should I wait to buy? Truthfully, the best person to answer that is you. But remember, two core fundamentals hold true. First, housing is one of the best investments you can make. Home has never been more important than now. Second, more retirement wealth comes from real estate equity than any other investment. Why wait on getting started?

Matt Thompson, The Group; Thank You!

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Denver Market Watch with 2020 Vision 06/16/2020

Posted on June 16, 2020 by Dee & Tom Cryer

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!

Rimrocker AspensAs 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

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Denver Market Watch with 2020 Vision 06/09/2020

Posted on June 9, 2020 by Dee & Tom Cryer

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)

Home Ownership MattersWe 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

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Denver Market Watch with 2020 Vision 06/02/2020

Posted on June 2, 2020 by Dee & Tom Cryer

UNADJUSTEDNONRAW_thumb_1844Here we are; June, 2020. Almost halfway through a so far very turbulent year. “Black Swans” around every corner. As Tom Petty and the Heartbreakers sang, “The waiting is the hardest part…”. I believe our vision will be better by month’s end, but in the meantime, let’s take a look at the data.

New Listing (1339) In relative terms, this is a low number for this season. 
Coming Soon (172) But, with this new category, let’s count these in too! 
Back On Market (327) 
Price Increase (167) 
Price Decrease (1229) Did we get ahead of ourselves? 
Pending (1999) Wow! This is a great number. Business is happening. 
Withdrawn (183) 
Leased (101) 
Closed (1328) Not a great number for this time of the year, but clearly catching up. 
Expired (379) In any market, some sellers will just give up. 
Compiled from REColorado 06/02/2020

A quick comment about this week’s data. Denver’s Residential Real Estate Market has all the attributes of a robust and healthy market place. Our business through the shut down hardly missed a beat. There was just a two week window where the numbers favored the buyer, but that is long past now. The long story short, if we don’t see another black swan, Denver will continue strong demand, a shortage of inventory and a sellers’ market for many weeks to come.

Let’s keep our faith in America to do the right thing, to forge ahead with a better perception and level of care for our neighbors. No matter where my clients come from, they all want the same things. A safe neighborhood, good schools and a source of livelihood. This all starts with homeownership. Having the chance at homeownership gives everyone something to do, something to love and something to hope for. The secrets to a successful life are real.

We could all wax poetically about what should have been done, what should be done and what can we do now. I’m sorry to say, I don’t have any of the answers. Let’s just think before we do, think before we talk, and think about be kind to one another. What do we have to lose?

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My Town Cryer | May 2020

Posted on May 29, 2020 by Dee & Tom Cryer
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Your monthly source for the latest Denver Area real estate news.
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Kentwood Real Estate
Real Estate Market Trends
Home showings in the Denver area started dropping on March 9 from a 2020 high, according to ShowingTime, to a record low on April 18. Colorado’s stay-at-home order switched to safer-at-home on April 27 and on that day approximately 3,500 showings were scheduled, more than any other Monday in 2020. Read More >>
So, You Want To Repaint Your Home’s Interior?
Giving your home a fresh coat of paint is one of the easiest and most effective ways to update your home and get it ready to sell quickly. Choosing a light, fresh shade of paint can make your space look larger and more cohesive, and allows buyers to more easily envision themselves living there. Read More >>
Front Range’s Top Golf Courses, Now Open To Residents
What do the top golf courses in the U.S. like Augusta National Golf Club in Georgia, Pine Valley Golf Club in New Jersey, Oakmont Country Club in Pennsylvania, and others have in common? They’re located in regions that have regular summer rain showers, high humidity, and do not have the luxury of being in Colorado. Read More >>
Featured Properties
790 International Isle Drive – The Village
790 International Isle Drive, Castle Rock CO
STEAL OF A DEAL!!! At less than $200/SF, this is a TRUE VALUE! Priced with your remodel in mind!!! A property like no other, truly a “Village Estate”; this sophisticated custom-built ranch style home features spectacular Colorado mountain views and sunsets. Its storybook setting with cascading waterfalls and stone walkways sits amongst mature-growth pines. The home was perfectly designed on 1.36 acres to integrate the Colorado landscape with unrivaled outdoor living. Multi-directional wat…
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Market Snapshot
Market Movers
A local Denver entrepreneur, Anthony Franco, struck a deal with Kevin O’Leary on ‘Shark Tank.’ Franco pitched his product McSquares (M-C-Squares) which is a line of eco-friendly sticky notes, desktop whiteboards and collaborative dry-erase Tiles.

Four arts organizations have come together to create art kits for kids as Denver Public Schools have closed due to COVID-19.The art kits will be distributed alongside meal kits put together by local nonprofit organization Food for Thought Denver, who work to feed Denver’s kids.
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©2020 Kentwood Real Estate
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.
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9 home projects for every skill level

Posted on May 28, 2020 by Dee & Tom Cryer

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Plus, easy DIYs you can do with kids.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=ffdb8442b845439cafa2aae312efabed&_e=uRMUwJOJF-cmeXe0Zv1mSv4AluSN6-pIZmmsjWYY132CmT7Yz25mQQKzWcshGkl1jMTscnzSqoav8IDwki7xz4loVoP0C7AzVVtxXSUYGVzsQ4aEEH3SIOsV_xL_YBdQFwmypxOY7P-ZRG5vuqVdCt5X8kZmra5yeV7XDG7x8xaoata9VPTA_0P6bZggDsnx

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DenverMarketWatch with 2020Vision

Posted on May 26, 2020 by Dee & Tom Cryer
Denver’s Weekly Residential Market Watch
View this email in your browser
May 2020

Hello Everyone “05/19/2020”!

With summer right around the corner, this market looks pretty HOT!

This graphic was from March 25, 2020.

New Listing (1299)
Coming Soon (0)
Back On Market (422)
Price Increase (348)
Price Decrease (649)
Pending (1140)
Withdrawn (325)
Leased (68)
Closed (1157)
Expired (196)

This graphic was from April 14, 2020

New Listing (906)
Coming Soon (77)
Back On Market (231)
Price Increase (103)
Price Decrease (506)
Pending (909)
Withdrawn (376)
Leased (79)
Closed (1106)
Expired (285)

This graphic was from April 21, 2020.

New Listing (727)
Coming Soon (125)
Back On Market (270)
Price Increase (111)
Price Decrease (477)
Pending (795)
Withdrawn (209)
Leased (75)
Closed (1080)
Expired (197)

This graphic was from May 12, 2020

New Listing (1450)
Coming Soon (152)
Back On Market (331)
Price Increase (198)
Price Decrease (960)
Pending (1653)
Withdrawn (165)
Leased (94)
Closed (846)
Expired (192)

This graphic is from May 19th, 2020.

New Listing (1444)
Coming Soon (166)
Back On Market (346)
Price Increase (180)
Price Decrease (1172)
Pending (1913)
Withdrawn (191)
Leased (87)
Closed (813)
Expired (189)

This graphic is from May 26, 2020, and it will be the last presentation in this format. New and Better things are coming to Kentwood! We are moving on to an entirely different platform for the remainder of 2020 with even better vision!

New Listing (1332) SELLERS LAGGING BEHIND!!!
Coming Soon (175)
Back On Market (248)
Price Increase (276)
Price Decrease (1054)
Pending (1752) THIS IS ANOTHER GREAT WEEK!!!
Withdrawn (152)
Leased (99)
Closed (766)
Expired (193)


DENVER’S residential real estate market is far from DEAD. Some might say, it is HOT! With 1752 Pending listings in the last 7 days, this would be considered a typical week in any given year during the spring season. Although, this number is so important to the market moving forward, it will routinely have 10% swings during any given week, and coming off a three day weekend like this, it may not reflect a true picture. It could easily be more! When we have more contracts per listing, it tells us this is still a sellers’ market. With this being said, certain price ranges, certain locations and the higher the price range and more distant the listing, one could question this statement. We are anecdotally seeing homes over $1M in more distant locations receiving “lowball” offers and price improvements to attract a buyer. Close in neighborhoods of all price ranges are still enjoying rapid market velocity. What does all this mean?

Denver went into this event with a “very strong residential market”. As we re-open, my prediction is is playing out. We see this market bloom back into the demand and supply ratios similar to what we enjoyed during the first few months of this year. “No harm, no foul.”

Although there are many more steps and in large part, those steps are cumbersome, over bearing and intrusive to buyers, sellers, agents, inspectors, appraisers, lenders and title companies, we continue to weave our way through the process. At least we’ve been able to stay in business! This week, we saw some more easing on our restrictions, and soon it should get much easier for us to do our jobs! We we will continue to be there every step of the way for our clients.

As many of you know, I have been following this site religiously since all this started. There is some good news buried here. All of the Logarithmic Graph presentations continue to reveal “the flattening” for which we’ve all been waiting. I can see the light at the end of the tunnel, and I hope you can too!

I will continue to repeat myself, nothing I have described above was easy, moving forward, it will not be any easier. We will all be adjusting to a “new normal”. Virtual Tours, Virtual Open Houses, and Matterport 3D Tours will become primary access techniques for buyers into a seller’s listing. The winners will be able to describe and invest in the “New Normal” before it arrives. Are you thinking ahead of the market?

A successful move, relocation, down pricing, down sizing, first time buy or moving up takes planning. The proper order and proper plan for buying or selling a home requires attention to detail. In a market this unique, it is imparative to place yourself or your property in a position of power. Give us a call, Facetime, or come in (After the Virus), spend one hour with us. Let us show you a clear pathway to a successful transition. We’ll be there for you…

Dee and Tom Cryer… TheCryerTeam@Kentwood.com 303-887-3917
The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
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RealtorEHO
Copyright © 2020 Kentwood Real Estate. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.
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DenverMarketWatch with 2020Vision

Posted on May 19, 2020 by Dee & Tom Cryer
Denver’s Weekly Residential Market Watch
View this email in your browser
May 2020

Hello Everyone “05/19/2020”!

With summer right around the corner, this market looks pretty HOT!

This graphic was from March 25, 2020.

New Listing (1299)
Coming Soon (0)
Back On Market (422)
Price Increase (348)
Price Decrease (649)
Pending (1140)
Withdrawn (325)
Leased (68)
Closed (1157)
Expired (196)

This graphic was from April 14, 2020

New Listing (906)
Coming Soon (77)
Back On Market (231)
Price Increase (103)
Price Decrease (506)
Pending (909)
Withdrawn (376)
Leased (79)
Closed (1106)
Expired (285)

This graphic was from April 21, 2020.

New Listing (727)
Coming Soon (125)
Back On Market (270)
Price Increase (111)
Price Decrease (477)
Pending (795)
Withdrawn (209)
Leased (75)
Closed (1080)
Expired (197)

This graphic was from May 12, 2020

New Listing (1450)
Coming Soon (152)
Back On Market (331)
Price Increase (198)
Price Decrease (960)
Pending (1653)
Withdrawn (165)
Leased (94)
Closed (846)
Expired (192)

This graphic is from this morning, May 19th, 2020.

New Listing (1444)
Coming Soon (166)
Back On Market (346)
Price Increase (180)
Price Decrease (1172)
Pending (1913)
Withdrawn (191)
Leased (87)
Closed (813)
Expired (189)

Do not believe for one minute Denver Real Estate is dead. Wow, can you believe it? 1,913 Pending listings in the last 7 days. This number is so important to the market moving forward. When we have more contract per showing, it tells us this is still a sellers’ market. With this being said, certain price ranges, certain locations and the higher the price range and more distant the listing, one could question this statement. We are anecdotally seeing homes over $1M in more distant locations receiving “lowball” offers. Close in neighborhoods of all price ranges are still enjoying rapid market velocity. What does all this mean?

Denver went into this event with a “very strong residential market”. As we re-open, my prediction is simple. We will see this market bloom back into the demand and supply ratios similar to what we enjoyed during the first few months of this year. “No harm, no foul.”

Although there are many more steps and in large part, those steps are cumbersome, over bearing and intrusive to buyers, sellers, agents, inspectors, appraisers, lenders and title companies, we continue to weave our way through this jungle. This week, we saw some easing on our restrictions again, and soon it should get much easier for us to do our jobs! We we will continue to be there every step of the way for our clients.

As many of you know, I have been following this site religiously since all this started. There is some good news buried here. All of the Logarithmic Graph presentations continue “the flattening” for which we’ve all been waiting. I can see the light at the end of the tunnel, and I hope you can too!

I will continue to repeat myself, nothing I described above was easy, moving forward will not be any easier. We will all be adjusting to a “new normal”. Virtual Tours, Virtual Open Houses, and Matterport 3D Tours will become primary access techniques for buyers into a seller’s listing. The winners will be able to describe and invest in the “New Normal” before it arrives. Are you thinking ahead?

A successful move, relocation, down pricing, down sizing, first time buy or moving up takes planning. The proper order and proper plan for buying or selling a home requires attention to detail. In a market like this, it is important to place yourself or your property in a position of power. Give us a call, come in (After the Virus), spend one hour with us (On the phone or even Facetime). Let us show you a clear pathway to a successful transition. We’ll be there for you…

Dee and Tom Cryer… TheCryerTeam@Kentwood.com 303-887-3917
The Cryer Team
The Cryer Team
Tom and Dee Cryer
303-638-3202 Tom
303-887-3917 Dee
Our Website »
Contact Us »
Facebook Fan Page LinkedIn Pinterest Twitter Youtube (Channel)
Kentwood Real Estate
Kentwood Real Estate
4949 South Niagara Street #400
Denver, CO 80237
720-330-8888
Sent to

Property Alerts Login Sign Up for Property Alerts
RealtorEHO
Copyright © 2020 Kentwood Real Estate. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. You are receiving this email as a current or former client of Kentwood Real Estate or one of its associates.
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5 tips for upgrading your home workspace

Posted on May 14, 2020 by Dee & Tom Cryer

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Create an inspiring, productive home.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=503290b83d9a499fad26c39f85408f6f&_e=rX5FhjlffgY_zh6aVJt0k22h8rKuMbD9PjmX9F4qfxxekxa2K307-nd0uLsOfkkr_N969ZvcAJD5rtQETMLCwJlrJ6hH2y-UoW5FZ01WiuPJHdNoyNi595az4Nb0V9QsOuwuFa09e-4-9AYNe-69LAY3k9tfRwBJ2_VZy86ZaQAKIfPFWoB_5y2YKiwuFghw

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