DenverMarketWatch with 2020Vision

Denver’s Only Weekly Residential Market Watch
View this email in your browser
March 2020

Good Morning Everyone “03/10/2020”

Let’s take a quick look at what the Denver MLS has to say to us this week.

New Listing (1235)
Coming Soon (1)
Back On Market (186)
Price Increase (295)
Price Decrease (640)
Pending (1637)
Withdrawn (130)
Leased (87)
Closed (1278)
Expired (202)

Pendings remain up over New Listings this week! Again this week mirrors last week. Limited Supply, Favorable Demand and Low Interest Rates. Life is very good for most sellers in this market. Life is “hard work” for most buyers. We are surrounded by entire neighborhoods with NO inventory, NONE, and when it does approach the market, buyers are like “Great Whites” off of Cape Cod. Anecdotally, we had listings over the last 2 weekends with multiple showings and multiple offers and subsequently under contract in two days respectively.
But wait! There’s more…
You’ve read my comments about “Black Swans” before, but this week “it is different”… You name it, The Market, Oil, C-19 and more have slapped the face of the National and Global Markets. The rapid negative response to these events will certainly be long lasting. In today’s world, that means until the next event hits the 24/7/365 networks. I would offer up the opposite view on today’s Black Swans. AS for The Market, Warren Buffett has been quoted over and over again; “When people are greedy, be fearful, and when people are fearful, be greedy.” This appears to be very sound advice.

AS for Oil, I will speak from experience here. Having lived through the Embargo Days in the 1970s, we waited in line and paid a lot for gas. Today, there are no lines and gas is very inexpensive. The collapse of oil prices over the last month will scare some major companies already dealing with lessened demand. This will put pressure on the economic viability of EVs and it will cause job loss in oil/gas production. This will not be pretty if this plays out as I envision.

Last but not least, C-19 is not pretty. I’m afraid there has not been enough clarity with the events surrounding this virus. But, I’m here for you. Check out this link for up to the minute world reports and FACTS surrounding C-19!

Let’s get back to the market. The Denver Residential Market is so thin with new inventory, buyers are jumping on anything and everything, in some neighborhoods, but being a bit more “picky” in others. Anecdotally, we are personally running low on listings. We have had a rapid response to everything we’ve put on the market, and we are receiving phone calls about “Off Market” listings “coming soon”. We have two or three “coming soons” that will ultimately “fly off the shelf” too.

The numbers still tell us, the Under Contracts and Solds this week were very strong, but the Active Listings are still not keeping pace, and some could argue seasonally low. Let’s think about this for just one minute. In the Greater Denver Metro Area, there are 1.5M households. We have about 5,000 active listings of which about 3,500 are detached single family homes. If you are considering putting your own home on the market, now is the time!

WE have lost our guiding light on what the election will bring us this year. We have run some numbers and have reviewed others numbers, and there have not been drastic changes in the markets leading up to elections in our market over the last few election cycles. Let’s see what happens in the coming months.

Don’t get me wrong, there are probably a few more “Black Swans” in the water. This Coronavirus has become a much bigger talking point in spite of a deadly flue season all around us. When the price of oil craters like it did yesterday, it is going to ruffle a lot of independent feathers in Colorado. Finally, we’ve had some crazy weather in the metro area over the last few weeks. It looks like this is keeping some potential buyers away from the market. As buyers hit the streets, there will be some wild negotiations happening. Stay here for an update on potential buyers.

As you can see from the graph above, we finished the year with slightly more than 5,000 active listings while averaging about 5,000 closings each month. Inventory is way down from last year. By some measures as much as 20% down. This will be updated monthly. From this, we can see, one month’s supply of inventory in a market as big as Denver with 1.5M households. This market is primed once again for the spring rush with a dearth of inventory. It does not appear to have any reason to change. Builders are not interested in building “inventory”, our senior population is aging in place in record numbers in the metro area, and the new resident numbers continue to beat national averages. Denver continues to offer employment growth!

So, what’s a buyer to do? We have a very successful system for buyers, and we have unmatched results with our listings too. Let Dee and I help you along the way. Everyone’s journey is different.

Long story short, we have an EPIC ride in front of us for 2020. Fasten Your Seatbelts, Raise Your Tray Tables and get ready for take-off!

A successful move, relocation, down pricing, down sizing or even moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, 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
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.
Posted in Denver Residential Real Estate | Leave a comment

The Village at Castle Pines – 790 International Isle Drive

Aerial View of International IsleOnce in a while a property comes along with all the intrigue, mystery and appeal, you just can’t stay away.  This is it!

790 International Isle Drive

The link above will take you to a Matterport 3D Tour of this special place.  While we complete the final touches to make this property showing ready, take the tour and give us some feedback.

 

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your Denver Market Watch | February 2020

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Your monthly source for the latest Denver Area real estate news.
Newsletter Header
Kentwood Real Estate
Real Estate Market Trends Article
The New Year Kicks Off Briskly for Denver-area Real Estate. In January, a massive influx of new homes came on the market in metro Denver but were quickly scooped up by homebuyers. Read More >>
10 Secrets To Spring Cleaning Your Home (Marie Kondo-Style)
If you’ve been thinking of refreshing your space for spring and need a little inspiration to get you started, here are our 10 best secrets to spring cleaning your home, and bringing out your inner Marie Kondo. Read More >>
Warm Up With Colorado’s Best Ramen Joints
As winter continues to bring cold, snowy weather, nothing warms the soul as much as a hot bowl of ramen. Whether you’re a chicken broth traditionalist or prefer the Thai-style pork broth-based spicy ramen, Colorado has a wide variety of incredible ramen and noodle houses. Read More >>
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
Visit Our Website »
2-10 Home Buyers Warranty logo
Facebook Fan Page Icon LinkedIn Icon Pinterest Icon Twitter Icon Youtube (Channel) Icon
Market Snapshot
Denver Market Movers
A Boulder-born public relations and advertising firm, Egg Strategy, is moving its headquarters to Denver. The company was founded in Boulder in 2005 and is looking to attract top talent with the move to Denver.

The Ruby Hill Rail Yard is finally open for its 14th season. This urban terrain park is a magnet for skiers and snowboarders in the city.

Denver has its 13th snowiest February on record. So far this winter season, Denver is about a foot above average snow fall.

Testimonial
Thank you. I know you will say you were just doing your job, but we say you went above and beyond. You explained every step in detail. You really made this transaction in our lives a little less stressful and for that we are grateful. You two make an awesome team. We will definitely recommend you to anyone selling or looking to buy in the area.
-Jim & Mary
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Kentwood Real Estate Kentwood Real Estate
4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

EHORealtor

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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.
Posted in Denver Residential Real Estate | Leave a comment

Bonus Saturday! Discover homes with surprising bonuses

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Inspiration to get you dreaming of more.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=96fc4ca6a421415cb6a094c08cdbc746&_e=hmW_wOVwRzxn0BusxESzUryl_K0ecYUuWsjl_l0ct_-X8qTIMTPwo4ZW4EvgpPKmPsee8j4H5OIdVs3EAhoZD0DycjX23047w1qwkbINaVQ9MMzojQH61sFglh3gWMMfqFe3kodB79F7SmgttQsvTp-ubD1dvpFieOHehW_FiL8_ta5ZXp3sI4CMF-CnPPKF

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DenverMarketWatch with 2020Vision

Denver’s Only Weekly Residential Market Watch
View this email in your browser
February 2020

Good Morning Everyone “02/25/2020”

Let’s take a quick look at what the Denver MLS has to say to us this week.

New Listing (1009)
Coming Soon (0)
Back On Market (207)
Price Increase (533)
Price Decrease (613)
Pending (1412)
Withdrawn (119)
Leased (71)
Closed (1177)
Expired (526)

Pendings up over New Listings by 40% this week! Again this week mirrors last week. Limited Supply, Favorable Demand and Low Interest Rates. Life is very good for most sellers in this market. Life is “hard work” for most buyers. We are surrounded by entire neighborhoods with NO inventory, NONE, and when it does approach the market, buyers are like “Great Whites” off of Cape Cod.

Basically, the market is so thin with new inventory, buyers are jumping on anything and everything, in some neighborhoods, but being a bit more “picky” in others. Anecdotally, we are persponally running low on listings. We have had a rapid response to everything we’ve put on the market, and we are receiving phone calls about “Off Market” listings “coming soon”. We have two or three “coming soons” that will ultimately “fly off the shelf” too.

The numbers still tell us, the Under Contracts and Solds this week were very strong, but the Active Listings are still not keeping pace, and some could argue seasonally low. Let’s think about this for just one minute. In the Greater Denver Metro Area, there are 1.5M households. We have about 5,000 active listings of which about 3,500 are detached single family homes. If you are considering putting your own home on the market, now is the time!

We are expecting 2020 to have a bit more focus than the election year of 2016. This time around, most will agree, “the sky is not falling” and we will follow through with our daily lives as rourtine. The waters are calm, the market is hot, and we can all ask, “Can rates go any lower?”

Don’t get me wrong, there are a couple or more “Black Swans” in the water. This Coronavirus has become a much bigger talking point in spite of a deadly flue season all around us. When the price of oil craters like it did yesterday, it is going to ruffle a lot of independent feathers in Colorado. Finally, we’ve had some crazy weather in the metro area over the last few weeks. It looks like this is keeping some potential buyers away from the market. When this buyers do hit the streets, there will be some wild negotiations happening. Stay here for an update on this punch on potential buyers once again.

As you can see from the graph above, we finished the year with slightly more than 5,000 active listings while averaging about 5,000 closings each month. This will be updated monthly. From this, we can see, one month’s supply of inventory in a market as big as Denver with 1.5M households. This market is primed once again for the spring rush with a dearth of inventory. It does not appear to have any reason to change. Builders are not interested in building “inventory”, our senior population is aging in place in record numbers in the metro area, and the new resident numbers continue to beat national averages. Denver continues to grow!

So, what’s a buyer to do? We have a very successful system for buyers, and we have unmatched results with our listings too. Let Dee and I help you along the way. Everyone’s journey is different.

Long story short, we have an EPIC ride in front of us for 2020. Fasten Your Seatbelts, Raise Your Tray Tables and get ready for take-off!

A successful move, relocation, down pricing, down sizing or even moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, 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
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.
Posted in Denver Residential Real Estate | Leave a comment

Two extraordinary homes. One choice.

RgRgNEeRPVcGemlsbG93QgoAKJHCUV5OdU1SUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
It’s all up to you.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=667f4b8c02344ace8ad18df226cc89ad&_e=W8Gt-UJVaPsQy834hdeY2fak4fxh46S6sg2Fx9Cya1jRtKro-R3dhJqwbYaGg9gBaNVVqYLFm5QqZHmkG1CT0dbDbzJ8q6CG8wBhMm0HIiHkZ5sYSrLTqXDEZUBPoBdojEWaNhfuBJnwZTYGOTlLtf3oToBo5lIk_ljb8F1CDNja8hG_OXDHBGdsV_JU9ImB

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9 ways to turn your home into a cozy sanctuary

RgRgLBcePVcGemlsbG93QgoAJx6SSV4RDvJlUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
Master the art of staying in.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=6821d08ca6fe47098b6d6af8447da582&_e=-M-3Vlf-y_e0Zzadf8xAkmyW1_6lQbYBZm-V7m8VwbMvbDtQwHXGGcvlLD-kMsQxuB9VhIkJaJhtnjrWyZVxhBRq-KhDIi8i1j-Q9arB_qO7KgUwdB-ASK804XiAOhkW7ReA4F5TmOMIEDGkahpvg66tJWVyOekQ616trPfkMurWSMb3GvcWBaeR3B-CBWQi

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#DenverMarketWatch @MyTownCryer #WhereHaveAlltheSellersGone?

As we drift into 2020 with perfect vision, sometimes we just have to stop and ponder the situation.  1,015 New Active Listings in the last 7 days in 11 counties in the

athletes running on track and field oval in grayscale photography

Denver Metro Area came to market.  On the other side of the supply curve 1,309 listings went Pending.  If this were to happen every week, we would have a severe imbalance of supply and demand.  As it is, we have continued into the Sellers’ Market from 2019.  Again, a footrace for the typical buyer is inevitable!

As you can see below, this week’s MLS numbers tell the story.  Pending and Closed Listings in the last 7 days are more than double the number of new listings.  Sadly for buyers, it will be a foot race, and a buyer trying to win has to practice, prepare and be bold to win!  If a buyer in today’s market has not established a plan while “the waters are calm”, this buyer will fail.  The buyer aligning with a strong lender who can be a cheer leader, and a broker who can articulate your ability to get to the closing table goes a long way to leaving “the pack” behind, but that is not always easy, and it is not always the price.  Terms play a critical roll in an educated sellers’ decision.  And, as always “Cash is King”!  It’s an easy race to lose.

Right now is a particularly good time to move up, the market conditions lend themselves to a seller in the $400-600K price range to move up to the $700-900K.  Rates, Inventory and a seller’s ability to negotiate a post closing occupancy on the front end are very favorable.  The water is warm, is it time for you to “dip your toe in”?

New Listing (1015)
Coming Soon (0)
Back On Market (179)
Price Increase (418)
Price Decrease (609)
Pending (1309)
Withdrawn (102)
Leased (65)
Closed (902)
Expired (229)

A successful move, relocation, down pricing, down sizing or even moving up takes planning. “Jumping out of an airplane without a parachute is not healthy.” The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, spend an 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 303-638-3202

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5 homes that have stolen our hearts

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We’re in love, and we don’t care who knows it.eo?_t=136d647b88304d6c827d39dbe797d50a&_m=a2d1dfcfd1334db9bc550b455e5a4890&_e=HiyiGodP6e1zE9AZjLatFbnTjPK3hfbbXp0HS8bEcUeUcHU6OO5UMty0doo3Oygzlg1aLdaC8vlZIZ8gdlFZD8djDY_49xbeGUv9cRiY3kWb0FRgTSxB7Il0fwHtqkhaYHK2KSGulTAbOmbwJ0A4BPqUhWHwftc-h2Y5eJmgQZ3c-HBgzei8OTet6HHUnAeI

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DenverMarketWatch with 2020Vision

Denver’s Only Weekly Residential Market Watch
View this email in your browser
February 2020

Good Morning Everyone “02/04/2020”

I’m going to give you some very exciting Kentwood News this morning:

New Listing (991)
Coming Soon (1)
Back On Market (195)
Price Increase (295)
Price Decrease (563)
Pending (1401)
Withdrawn (93)
Leased (86)
Closed (1045)
Expired (442)

Let’s take a quick look at what the Denver MLS has to say to us this week.

After Month #1, 2020 Is off to the same dynamic as 2019. More Pendings than New Listings, and again this week mirrors last week. Limited Supply, Favorable Demand and Low Interest Rates. Life is very good for most sellers in this market. Life is “hard work” for most buyers. We are surrounded by entire neighborhoods with NO inventory, NONE, and when it does approach the market, buyers are like “Great Whites” off of Cape Cod.

Basically, the market is so thin with new inventory, buyers are jumping on anything and everything, in some neighborhoods, but being a bit more “picky” in others. Anecdotally, we are running low on listings. We have had a rapid response to everything we’ve put on the market, and we are receiving phone calls about “Off Market” listings “coming soon”.

The numbers still tell us, the Under Contracts and Solds this week were very strong, but the Active Listings are still not keeping pace, and some could argue seasonally low. Let’s think about this for just one minute. In the Greater Denver Metro Area, there are 1.5M households. We have about 5,000 active listings. If you are considering putting your own home on the market, now is the time!

We are expecting 2020 to have a bit more focus than the election year of 2016. This time around, most will agree, “the sky is not falling” and we will follow through with our daily lives as rourtine. The waters are calm, the market is hot, and we can all ask, “Can rates go any lower?”

As you can see from the graph above, we finished the year with slightly more than 5,000 acctive listings while averaging about 5,000 closings each month. This will be updated monthly. From this, we can see, one month’s supply of inventory in a market as big as Denver with 1.5M households. This market is primed once again for the spring rush with a dearth of inventory. It does not appear to have any reason to change. Builders are not interested in building “inventory”, our senior population is aging in place in record numbers in the metro area, and the new resident numbers continue to beat national averages. Denver continues to grow!

So, what’s a buyer to do? We have a very successful system for buyers, and we have unmatched results with our listings too. Let Dee and I help you along the way. Everyone’s journey is different.

For the next 10 months, it will be the goal of one party to characterize this news negatively, and the other party to characterize this news as the “next coming”. Long story short, we have an EPIC ride in front of us. Fasten Your Seatbelts, Raise Your Tray Tables and get ready for take-off!

A successful move, relocation, down pricing, down sizing or even moving up takes planning. Jumping out of a airplane without a parachute is not healthy. The proper order and proper plan for buying or selling a home requires the same attention to detail. Give us a call, come in, 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
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.
Posted in Denver Residential Real Estate | Leave a comment