@MyTownCryer #2019 #AndWe’reOff #DenverMarketWatch

What's Important Today?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Withdrawn (114)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.

skiing 2018Thanks 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.

Posted in Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Renters, Denver Residential Real Estate, Denver Transferees, The Denver Market Watch, Uncategorized | Leave a comment

December 2018 Denver Market Watch…tc

Your monthly source for the latest Denver Area real estate news.

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December 2018
Newsletter Header
Kentwood Real Estate
2019 Promises Lots of Opportunity in the Denver Real Estate Market
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. Read More >>
8 of Denver’s Most Affordable Neighborhoods
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. Read More >>
5 Tips for Buying a House with Student Loan Debt
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. Read More >>
Featured Properties
Light Rail Close-In Walkable in Lone Tree
10365 Prairie Sky Place, Lone Tree CO
Rare opportunity to own in the very Walkscore Friendly Parkside at Ridgegate. Minutes to light rail, I-25, C-470, Bluffs Regional Park, Lone Tree Arts Center, Lone Tree Rec Center, Douglas County Library, and numerous restaurants and shops. This stunning home is well maintained and appointed with high-end cabinetry, fixtures, and finishes. Gourmet kitchen features stainless appliances, granite countertops, and an inviting, oversized center island. Open floor plan with soaring, 2-story great r…
Full Property Details »
The Village – Close to Everything!
641 Ruby Trust Way, Castle Rock CO
The essence of this property deserves a patient visit. Purposely placed at the end of a wooded ridge-top cul-de-sac, this sophisticated Austin Signature Homes built ranch is the epitome of refinement, flawless in every detail & maintained like no other. This storybook setting with its cascading waterfalls, stone walkways & flower beds sits between old growth pines. Views in the evening are as spectacular as those during the day and can be captured from almost every window, deck & …
Full Property Details »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
Visit Our Website »
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Market Snapshot
Market Movers
Kentwood Real Estate unveils fresh look for the iconic brand. The iconic green Kentwood tree has been updated to be brighter and more modern while being instantly distinguishable as Kentwood. This new look takes the legacy of the Kentwood tree and color palette and bring it to the next level.

Two dozen houses have been added to Denver’s Affordable Housing Objective. Starting at $220,000 new Green Valley Ranch homes come with special discounts for teachers, first responders and military members.

Slower sales and higher prices on tap for Denver housing market next year, but that the decline in activity won’t derail home price gains as existing homeowners buy up higher-value properties.

Testimonial
The Cryer Team was the perfect team for us! Due to their guidance, we had a contract on our home in less than 48 hours. Their expertise in corporate relocation was priceless.
-D. G.
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Kentwood Real Estate Kentwood Real Estate
4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

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©2018 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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Homestead in the Willows #Centennial #CherryCreekSchools #Neighborhoods

Willow Spring

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.

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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.

Fog 2018

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”.

img_1438

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,

img_1430

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!

 

 

 

Posted in homestead, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Uncategorized | 1 Comment

#WhiteIstheNewGray

50 Shades of WhiteColor 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!

8 Changes for Homes in 2019!

We’d love to hear your thoughts on this?

@Kentwood @DenverRealEstate @AllDenverRealEstate

Now brass is an entirely different story…

Posted in Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch #’tistheseason

Good Morning Everyone!

Merry Christmas

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)

aerial photo of buildings and roads

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!”

BUT WAIT, THERE’S MORE!  We have a new look!  What do you think?

DenverPostAd-December2018

 

Posted in Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Denver University, Leeds, MyTownCryer - Denver Real Estate - Tom Cryer, Uncategorized | Leave a comment

@MyTownCryer #MondayMarketUpdate #DenverMarketWatch #KeepOnKeepinOn

Kentwood WordieThis 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)

Posted in Denver, Denver Housing, Denver Market Watch, Denver Residential Real Estate, The Denver Market Watch, Uncategorized | Leave a comment

TheCryerTeam@Kentwood.com shared a home on Zillow

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What do you think? Check out this home I found on Zillow.

Zillow
Shared Listing
app?tok=cc8f5312-881c-4bb9-a4da-0fc2f9bbc554~X1-ZU12n0aacwoqxop_5xifh&service=emailtrackingservice

"Another great Cryer Team Listing! Please take a look and give us a call!"
ISadgqkxneruma0000000000.jpg Shared by
TheCryerTeam
Home photo
red-icon1.png For Sale
$800,000
4 bd, 5 ba, 4,093 sqft
10365 Prairie Sky Pl, Lone Tree, CO
View home

See Similar homes nearby

Home photo
red-icon1.png FOR SALE
$894,992
3 bd, 4.0 ba, 4814 sqft
10323 Bluffmont Dr, Lone Tree, CO 80124
Home photo
red-icon1.png FOR SALE
$879,000
4 bd, 4.0 ba, 4842 sqft
10262 Greentrail Cir, Lone Tree, CO 80124
Home photo
red-icon1.png FOR SALE
$570,000
3 bd, 3.0 ba, 2287 sqft
9211 Mornington Way, Lone Tree, CO 80124
See all similar homes
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TheCryerTeam@Kentwood.com shared a home on Zillow

RgRd8SlMPVcGemlsbG93QgoAC0ykDlyrGCaZUh5tdXd1NTYxaGVtdUBwb3N0LndvcmRwcmVzcy5jb21YBAAAAAA~
What do you think? Check out this home I found on Zillow.

Zillow
Shared Listing
app?tok=d213b36c-0a34-49fe-8aab-fca9e8b7ad62~X1-ZU12n0aacwoqxop_5xifh&service=emailtrackingservice

"Wow, Great Price Improvement!"
ISadgqkxneruma0000000000.jpg Shared by
TheCryerTeam
Home photo
red-icon1.png For Sale
$1,750,000
4 bd, 7 ba, 9,148 sqft
641 Ruby Trust Way, Castle Rock, CO
View home

See Similar homes nearby

Home photo
red-icon1.png FOR SALE
$1,959,000
5 bd, 6.0 ba, 7707 sqft
663 Yankakee Dr, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$3,000,000
6 bd, 7.0 ba, 8698 sqft
651 Ruby Trust Dr, Castle Rock, CO 80108
Home photo
red-icon1.png FOR SALE
$969,000
4 bd, 3.5 ba, 5918 sqft
472 Castle Pines Dr S, Castle Rock, CO 80108
See all similar homes
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@MyTownCryer #DenverMarketWatch #TheWayWeWere? #AsTheWorldTurns

What's Important Today?Seasonality, Election, Economic Events, Sentiment, International Trade, Market Volatility or…  Take your pick, as the world turns, so does our Denver Residential Market.  As you can see below, not the difference in the our market today, and then back in April.  WOW!  What a difference!

Monday, December 3, 2018

New Listing (762)
Back On Market (200)
Price Increase (115)
Price Decrease (925)
Under Contract (1018)
Withdrawn (262)
Leased (44)
Sold (1191)
Expired (450)

April 9, 2018

New Listing (1720) This is a HUGE number!
Back On Market (217)
Price Increase (305)
Price Decrease (663)
Under Contract (1633) Chasing right behind new listings is the omnipresent demand!
Withdrawn (143)
Leased (31)
Sold (1340) Week after week, this continues to be very solid.  Not record pace, but close!
Expired (187)

With this comparison made, in my opinion, most of this is seasonal as opposed to a new direction for Denver’s market.  We often see things drop off around this seasonal time of year.  If I was a betting man, I would bet 2019 would be different, maybe weaker, than 2018, but not significantly.  

I will circle back to this post in a few months, we will revisit this data and make some predictions moving forward in 2019.  Typically, residential markets move at glacial speed, I would suspect, this will be no different.  Change takes time.

It's a good week!In the meantime, if you have some plans to buy or sell in 2019, let’s discuss a plan to maximize your sales price or strategically place you in the market as a well informed buyer.  One always wants to negotiate from a place of strength.  All it takes is one call…tc

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

 

Posted in Denver Market Watch, Denver Residential Real Estate, Denver Transferees, Uncategorized | Leave a comment

Your Horn of Plenty | November 2018

Your monthly source for the latest Denver Area real estate news.

View this email in your browser

November 2018
Newsletter Header
Kentwood Real Estate
Our Cornucopia!
So often we set our lives on “cruise control”. Day in and day out, we cycle through the events of time seldom raising our heads from the tasks at hand. Thanksgiving is the time of year to take stock, peak into our “horn” and say thanks for the cornucopia surrounding us.

Dee and I have so much for which we are thankful. We have a wonderful family! We have wonderful friends. We have had the opportunity to be positively impactful on the people around us. We work at leaving things better than we found them. It’s a good life!

This year we closed a sale as low as $385,000 and as high as $1,750,000 and almost every price point in between. We sold a home to a single woman moving back to Denver from Quatar, we sold a home to newly weds, we moved a neighbor of more than 25 years, we transacted with a couple from India, we transacted with a couple for the 9th time, and we assisted a young family back to the neighborhood in which they both grew up. While growing our client base along the way, we could not be more proud of these results. 87% Of our transactions were the result of a personal referral. This makes us extremely thankful!

Dee and I believe this is a people business. We understand Zillow, we understand Realtor.com and we understand all the web based services seeking to earn your business. Not one of those platforms are going to be with you every step of the way. We will.

As one of our clients recently wrote to us; “Dee and Tom are a strong team. We were selling our fixer upper just as we hit a slow patch in the market. A buyer emerged but had multiple fix-up requests. Dee and Tom could not have been more helpful in negotiations with the buyer but also with fix-up sub-contractors. Consummate professionals.”

Thank You, Thank You Very Much!

Real Estate Factors Continue to Favor Home Sellers

While October brought with it a track back to normal seasonality with an increase in housing inventory, so too did it bring real estate market factors that continue to favor home sellers in the Denver area. Read More >>

5 New Year’s Resolutions for Your Home

A lot of the time it feels like the things we want to accomplish around the house just never get finished. This New Year, set some goals for your home that you will actually accomplish. Following are five resolutions to put on your list! Read More >>

10 of Colorado’s Hardest Ski Runs

Colorado’s ski resorts are brimming with awesome terrain for any level of skier. But if you’re looking to shred some spine tingling, heart stopping lines this season, then these ten trails might just have what you’re looking for! Read More >>

Featured Properties
Lone Tree at Its Best!
10365 Prairie Sky Place, Lone Tree CO
Rare opportunity to own in the very walkable Parkside at Ridgegate. Minutes to light rail, I-25, C-470, Bluffs Regional Park, Lone Tree Arts Center, Lone Tree Rec Center, Douglas County Library, and numerous restaurants and shops. This stunning home is well maintained and appointed with high-end cabinetry, fixtures, and finishes. Gourmet kitchen features stainless appliances, granite countertops, and an inviting, oversized center island. Open floor plan with soaring, 2-story great room has an…
Full Property Details »
641 Ruby Trust Way, Castle Rock CO
Purposely placed at the end of a wooded ridge-top cul-de-sac, this sophisticated Austin Signature Homes built ranch is the epitome of refinement, flawless in every detail & maintained like no other. This storybook setting with its cascading waterfalls, stone walkways & flower beds sits between old growth pines. Views in the evening are as spectacular as those during the day and can be captured from almost every window, deck & walkway. A “Wow” entry invites you in with its ligh…
Full Property Details »
The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
Contact Us »
Visit Our Website »
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Market Snapshot
Market Movers
Kentwood Real Estate Announces new expansion to Fort Collins. The Northern Properties office will mark Kentwood’s fourth residential Colorado office joining Kentwood Real Estate DTC, Kentwood Real Estate Cherry Creek, and Kentwood City Properties in downtown Denver.

Union Tower West at 1801 Wewatta St. in Denver’s Union Station neighborhood sold for $69 million. The sale included the building’s office and parking portions, totaling 100,778 square feet, but not its hotel and restaurant space.

As temperatures drop, Denver’s housing market cools slightly. Experts said Denver’s housing prices are down about 4 percent this fall, part of a seasonal market compression customary for this time of year.

Testimonial
We wanted to thank you for all of your help and support throughout the home purchase process (Including risking life & limb for us). We are so grateful for everything you did for us and we loved working with the two of you. You really made a challenging situation much more enjoyable. You will have to come by soon to see the house! Thanks again!
-H.J.I.
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Kentwood Real Estate Kentwood Real Estate
4949 South Niagara Street #400
Denver , CO 80237
720-330-8888

EHORealtor

muwu561hemu
©2018 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 Uncategorized | Leave a comment