Good Morning Everyone!
Since I have begun posting this on Tuesday Mornings now, I have a bit more time to put this together, and more credible data too. Capturing the weekends’ work really only happens by Tuesday. I like the change, I hope you will too!
Let’s look at each number and what it means:
New Listing (1513) The number of new active listings. 1,513 is typical for this season.
Back On Market (280) These are listings that were under contract, but now are back on the market due to something related to buyer and seller negotiations or property issues.
Price Increase (115) As you can see, this is not common, but it does happen. A property is listed, goes under contract for a price higher than list price and then the broker changes the list price to something higher than the contract. Not sure if this is a good practice or a bad practice, but it does happen.
Price Decrease (1469) We have observed so many sellers starting out believing their property is something it is not, and ultimately, the price reduction is the only recourse to “get back in the market”.
Under Contract (1665) Once again this week, this is a great number. Anything over 1,500 is a great week. Listings Under Contract make the market relevant!
Withdrawn (162) Once again, occasionally, a broker and a seller part ways or change paths, the withdrawing the property from the market is the sensible thing to do.
Leased (43) This is a trivial number, but it is growing. Some clients want to keep a toe in the market by leasing rather than selling.
Sold (1327) Sold and Closed Listings make the Realtor happy! Whenever this number is over 1,000/Week, we have a healthy happy market…
Expired (195) This is a MEAN number. When sellers give up, it is never a good thing. Sometimes they are relisted, but other times, the seller stays on the sidelines. We watch this number very carefully. It can predict the future!
Well Fans, my little discussion above hopefully keeps you interested as we move deeper into the year. These numbers are from the 11 counties directly surrounding the Greater Denver Metropolitan Area. Some say this area is too large, opponents think it should even be larger. For now, it is what it is, and we like it!
Anecdotally, Dee and I have had a very healthy start to the year. With that being said, we are seeing signs of buyers being priced out, and frustration from multiple offer scenarios. We’ve seen sellers dig their feet in and wait, and wait and wait. With this being said, the smart sellers are watching the numbers and staying in the market at a prescribed list price. The buyers willing to go the distance and run the marathon to the finish are happy they did.
Homeownership is important. It makes our communities strong, it makes our schools better, it makes for respectful neighbors and safer neighborhoods. When society has “skin in the game”, it makes the community at large better too. If you are searching for something to believe in, believe in Homeownership!
Just like everything in life, sticking with it through to the end is what makes champions. In our own way we can all be champions in this world. I heard Kevin Bacon say this the other night on TV. I stole it the moment I heard it. There is no secret to longevity, longevity is the secret! KB 2019…
In May, there were 8,789 new listings, up 17 percent from the previous month. That meant homebuyers were able to look at several homes at a time and make comparisons – and many found what they were looking for. 
When buying a new home, nothing is quite as important as choosing a neighborhood to live in. When you buy a home, you are buying more than just the building. You’re purchasing a lifestyle. Check out these 6 things you should be looking for when choosing a neighborhood to live in. 
There is endless natural beauty to be explored here in Colorado. But if you’re looking for some sightseeing a bit more nostalgic, odd, or off the beaten path, then you will want to add these Colorado roadside attractions to your summer bucket list! 
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Good Morning Everyone,
As we close out these last few weeks of the first half of 2019, the time has come for a bit of reflection. Rates have drifted lower in recent weeks, the world stage seems to be a bit more clear. We are very fortunate to live in a country whose dirty laundry still looks better than anyone else’s. We have a strong market where new home starts are above expectations, and finally buyers have some choices right here in the Mile High City! Life is good.
Once in a while a bungalow near Rosedale/Harvard Gulch comes on the market. Once in a while a property facing the park comes on the market, once in a while a corner lot with southern exposure pops up, but rarely does a property with all these features happen at the same time. AND, it has “duplex zoning” offering a wealth of future development potential opportunities. Run, don’t walk to see this multifaceted property. You will not be disappointed!
Seldom does a Willow Creek Property come along with so much going for it. Close to the greenbelt trail, pool, clubhouse and community amenities. So many upgrades too; roof, windows, furnace, water heater, wood floors, master bathroom and more that we could brag about.
Anyone can talk about the market, but few can give you the facts. The facts are; “it is very tough to imagine a more active, strong and consistent market”. Just look at the numbers from this week’s MLS Market Watch:
MyTownCryer 
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