The Denver Residential Market still runs strong and deep. We fought off a crazy and unpredictable Wall Street. We worked with rising interest rates. We even watched Denver walk onto the world stage for a few international investors looking at our “A” Class Investment Grade Commercial Real Estate!
Here’s what happened around town and on Main St.
Please remember us for your Real Estate needs in Denver and around the world. We’ll be there for you “every step of the way”.
We ended 2018 with 7,530 Active Listing on the market with December logging in 3,732 closings in the Denver Metro Residential Market. With 52,132 total closings for 2018, this logs at least 5 consecutive years of more than 50,000 sales. In spite of all the headlines about a “shortage of inventory” and now the new headlines about the coming market of “oversupply”, the truth is always in the facts. Denver’s residential market is in a healthy place. It may be moving toward a balance in our hottest neighborhoods, but clearly buyers have a choice now. They don’t have to settle for the first house that comes up. There is a new rational trend emerging with a new “fairness” arriving. This my friends is a good thing!
Well, well, well, our first week of the year reflects a little bit of a New Year’s hangover. With that being said, look closely, we still put more homes under contract than we put on the market. The more we talk about this market, the more this market just does what it wants to do.
New Listing (719) This is not a particularly busy week.
Back On Market (212) Sellers saying, “Let’s try one more time…”
Price Increase (68)
Price Decrease (563) Sellers’ saying, “OK, let’s get on with it already…”
Under Contract (725) We still put more under contract than we listed.
Withdrawn (114)
Leased (29)
Sold (737)
Expired (967) It’s that time of year. If you didn’t get it done last year, what makes one think we’ll get it done this year. A time for re-examining the market and pricing for everyone.
Thanks for following us. I can’t tell you how much it means to us. 2018 Was a great year for Dee and me. We had many exciting listings, and some challenging transactions. And, we finished the year out with only two unsold listings, and both of those sellers continued with us for 2019! It’s a good life.
As always, make a plan. No matter how far out, pick up the phone, give us a call, and let us know what you’re contemplating. We’re here for you every step of the way.
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Sunrise Walk in the Open Space
Between the corners of Arapahoe Rd., S. Quebec St., Dry Creek Rd., and S. Holly St. a suburban oasis called A History of Centennial. A square mile of diversity including everything from a Fire Station to an Elementary School to a small office park to a storage facility to apartments to condos to townhomes to patio homes to detached single family homes to luxury residences. For a list of floor plans click here.
What we call Homestead, coyotes, hawks, Lark Bunting, the occasional deer, raccoons, and foxes call home, because right in the center of that square mile or 640 acres lies a 120 acre open space named by South Suburban Parks and Recreation as Willow Spring Open Space. A primer for the surrounding area in Centennial, Colorado can be read right here.
Open Space Waiting for a Thunder Storm
The easiest access points if you are driving are from Homestead Elementary School off Dry Creek Rd. or the South Suburbans Parks maintenance facility off of S. Holly St. If you’re walking a pedestrian bike trails runs right through the middle of it connecting Heritage Village and the Highline Canal Trail on the north to the Willow Creek Trail on the south connecting to the C-470 Trail. From there, a 50 mile bicycle loop will allow you to circumnavigate the Southern Denver Metro with very little interaction with automobiles and traffic.
Morning Fog in the Open Space
Within Homestead in the Willows are 8 tennis courts, 3 pools and literally miles of trails. It is very easy to create a 4 mile loop “within the community” without having to compete with traffic or the noises of the suburbs. My favorite loop is almost exactly 2.5 miles almost entirely on a “crusher-fine” trails. Crossing Willow Creek twice and weaving in and out of adjacent “single track”.
The Arapahoe Road Entrance
With about 965 residences coming under the regulations of the Homeowners’ Association, there is a constant effort to keep appearances up, keep maintenance at superb levels and making sure all the recreational features are always ready for homeowners’ use.
Holding the knowledge of Denver’s cyclical housing market, I have witnessed Homestead “roll with the punches” many times. When markets have turned south, Homestead has always enjoyed a stable population committed to the community. Fewer foreclosures, fewer short-sales and fewer missed HOA payments than competing communities. People enjoy living in Homestead and as a result, they tend to protect it with their financial resources.
It’s truly unique for a suburban master planned community to enjoy the financial commitment of its residents. Every walk through the community reveals the excitement of someone’s remodeling project with a dumpster in the driveway. Homestead has had hundreds of renovation/remodel projects exceeding the original prices of these homes. In today’s dollars, there is routinely a renovation/remodel underway exceeding 30% of its current sales price. When dollars are spent wisely, we see these improvements assisting with resale down the road.
A Blue Ribbon School
I’m not going to tell you Homestead in the Willows is the “Best Community” surround the DTC Corredor, but I will tell you it offers the best combination of compromises. Shopping, Employment, Schools,
North Pool, Tennis & Greenbelt
Recreation, Entertainment, Access, Transportation, Appearance and Price round out this compromise with few if any peers. Even after living here 30 years, I would make the exact same commitment today, and in the weeks to come, I’ll be reporting on the sub-associations within our “square mile”. So, keep reading, commenting and asking those questions. We’re here for you every step of the way!
Color choices change over time. Harvest Gold & Avocado gave way to Mauve, which gave way to more neutral colors which eventually became gray. For about the last 10 years, 50 Shades of Gray have dominated the new construction palette. What would Flippers have done without Gray?
Now, it appears that the palette is shifting to 50 Shades of White!
We’d love to hear your thoughts on this?
@Kentwood @DenverRealEstate @AllDenverRealEstate
Now brass is an entirely different story…
Merry Christmas
Last week, I attended the “54th Annual Colorado Business Economic Outlook” presented by the University of Colorado’s Leeds School of Business. You can download the entire report here.
The 3+ hour program offered something for everyone interested in Colorado’s economic future for 2019. My favorite presentation of the day was by Scott Green. He holds the title “Engineering Site Director, Google Boulder”. Scott told us all about the DNA of software development along the front range over the last couple of generations, but more importantly, he told us about the economic impact of this industry along the front range. In fact, he even mentioned Google has 60 unfilled positions in the Denver/Boulder corridor right now!
After the event was over, and maneuvering my way out of the Central Business District, I began to think about the day. I have had a week to digest all this information. I can give you my opinion now. The Denver Metro Residential Market has not set itself up for “bubble bursting”.
Just look at this week’s numbers below. We are enjoying active participation in all facets.
New Listing (617) This number is fantastic for a holiday season!
Back On Market (166)
Price Increase (74)
Price Decrease (553) Sellers still wanting to get it done this year!
Under Contract (913) Patient buyers making a deal while wrapping presents!
Withdrawn (198) Very few giving up!
Leased (36)
Sold (893)
Expired (270)
Photo by Aleksejs Bergmanis on Pexels.com
Long story short, we have job growth, we have economic expansion, we have “A” type investors seeking Colorado Real Estate, and we have an infrastructure that rivals almost any city our size in the world. In summary, “They’re still coming to Colorado”, but just not in the same numbers as this year or the year before, but still in substantial growth numbers. Almost every segment of Colorado’s Economy is growing. Mining is our lagard. I knew you’d ask…
SO, as we turn the pages on our desk calendars, let’s not forget what got us here. “And to all a good night!”
This market is the #EnergizerBunny no doubt! It keeps going and going and going/
New Listing (725) Who says it’s not a good time to put your home on the market?
Back On Market (197)
Price Increase (91)
Price Decrease (732) Sellers still trying to get it working before year’s end.
Under Contract (1030) This is a GREAT WEEK!
Withdrawn (223)
Leased (33)
Sold (1008) Once again, this is a great December week!
Expired (249)
What do you think? Check out this home I found on Zillow.
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What do you think? Check out this home I found on Zillow.
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Homebuyers and sellers are seeing a lot of opportunity in the metro-Denver real estate market as of late. Since 2012, homeowners have received incredible appreciation. For those considering selling their home to move-up or to tap into their equity, now is an ideal time to do so. 
Finding an affordable place to live in Denver is becoming increasingly harder these days. Despite the growth in population and popularity, there are still pockets around Denver where you can purchase a reasonably priced home. 
Buying a house with student loan debt might seem out of reach for many people. But the reality is, your student loan debt shouldn’t hold you back from home ownership. 
For Sale
MyTownCryer 
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