MyTownCryer

This week I traveled to Ouray, Colorado. (Your-Ray for the uninitiated)  I have traveled around the famed Alpine Loop.  This part of Colorado captures one’s imagination of Men and Women overcoming incredible odds to carve out an existence under the harshest conditions.  Laboring to get men and gear up over 10-13,000 foot passes again and again and again had to have been epic!

Well, this week we do not have anything quite this tough to overcome in our residential market, but it is alway something to ponder…  Let’s take a look at Denver’s MLS  numbers.

We often talk about the “summer malaise” or “vacation season” or the end of the “first half summer slump”.  What every you want to call it, the numbers show it is here.

New Listing (1479) Listings keep coming, buyers keep your eye’s peeled!
Back On Market (291)
Price Increase (257)
Price Decrease (1624)  This number has moved to “Market Change” status!
Under Contract (1610)  This is a nice seasonal number, and better than last week.
Withdrawn (192)
Leased (55)
Sold (1499) This is a nice seasonal number, and better than last week.
Expired (259)

The reason the “Price Decrease” numbers are so alarming is simple.  To create all those under contract listings, price improvements had to be endorsed by the the sellers, and agents had to work to get those listings in line with the market place.

So, with another #avalanche of price reductions, we can look for an #avalanche of under contract properties next week, but this is typically not how a market improves.

Don’t get snowed under, give us a call, let’s create a plan and get you out of harm’s way….tc

Dee and Tom Cryer 303-773-3399  Thank You!

Good Morning Everyone! 

We are back to work after a great holiday “long weekend”.  What happened over the last 7 or 8 days?  Let’s take a look below…

New Listing (1146) Showing the traditional 4th slowdown.
Back On Market (245)
Price Increase (109)
Price Decrease (1235) We have too many “over priced” listings.
Under Contract (1254) Once again, off a bit from earlier weeks with the 4th.
Withdrawn (162)
Leased (35)
Sold (1048) Nobody sets a closing for a holiday week!
Expired (215)

So, why is this a #GoldMedal week?  Simple, the 4th has historically been the beginning of the second half of the year.  Women’s Soccer clearly rung in a great finish to the first half of a Gold Medal year so far.  Rates are down, the market is up and the prospects for prosperity continue to be good.

When you bought you last house, did you check out your new neighbors?  We can help provide you with the information you need to feel comfortable in your new community.  A buyer gets to pick its neighborhood, property and neighbors.  So, if you are thinking about new “neighbors”, please give us a call, let’s create a plan and work toward your goals.

Dee & Tom 303-773-3399

We all know Independence Day is more than grilling hotdogs and consuming beer.  It was more than George Washington crossing a river.  Independence Day celebrates the birth of a sovereign nation.  That nation as we know it today has achieved greatness.  I think that goes without saying, but I like hearing it, over and over again.

The United States might not be perfect, but it does so many things so well.  We share more than any other nation on earth.  When in need, we are the “bread basket” to the world.  I could go on and on, but one thing stands out the most for me.  I have been to Washington DC many, many times.  It clearly displays our past and future along the National Mall, it attracts country representatives from all over the world.  It attracts every lobby group you can think of, and it tries to solve problems.  Here’s the kicker.  It moves so slowly, many times the problem being solved, solve itself in the meantime.  I’m a big believer in less human intervention is better.  We don’t seem to be very good at predicting our “unintended consequences” very well.

What does all this have to do with the #DenverMarketWatch?  The freedoms we enjoy, the stability of our country and the incentive to achieve allows 65% of our households to be homeowners.  About another 15-20% do not want to be homeowners or live in a community where it is cost prohibitive to be a homeowner.  Finally, there is a group of Americans being left behind.  Education, Demographics or Life Station acts as a barrier to homeownership.  I’ve written it before, and I’ll write it again now, “Homeownership is important.  Skin in the game makes communities stronger, safer, more productive and enjoyable.”  Vote for candidates supporting homeownership!

This week’s report, I’m happy to say, shows great strength again!  The MLS reports 1,841 closings in the last 7 days.  A lot of homeowners are going to be celebrating their moves over the Independence Day Holiday.  What better way to enjoy this weekend?

New Listing (1593) A great week of new inventory for buyers!
Back On Market (300)
Price Increase (159)
Price Decrease (1605) This is starting to be an issue for our market.  Over pricing is rampant and buyers are not sophisticated enough to mark market offers.
Under Contract (1621) A very strong week in the MLS system here!
Withdrawn (174)
Leased (51)
Sold (1841) This is a very strong number, very strong!
Expired (386)

In closing today, I’d like to discuss something that has been a focus of ours for many years.  We’ve all heard, “Figures don’t lie, but liars figure.”  Haven’t we?  With our listings we focus on Statistics and Anecdotal Feedback Responses.  One without the other is not complete.  Relating statistics to showing feedback is instrumentally telling.  When we can show how many showings you’ve had to the number of page views you’ve had with the corroboration of the feedback, we can move forward with the appropriate game plan on pricing, staging and marketing.  It works every time.

Failure to plan is a plan for failure, please give us a call.  Remodeling, don’t do it without some market advise.  You may love your plan, but will the next buyer love it?  Sooner or later, everyone sells their home.  Good decisions pay off!

Dee and Tom Cryer TheCryerTeam@Kentwood.com  303-773-3399