What’s new is not new again…, or
“What has been will be again,
what has been done will be done again;
there is nothing new under the sun.”
Or, “All that glitters is not gold”.
Take your pick, the more time I spend analyzing this market, the more I see what I’ve seen before.
So much of what we eat, breath and live is out of our control. We can’t control whether or not the grocery store on the corner lives or dies. We can’t control whether or not smoke from California blows our way. We can’t control the politics that run our daily lives. No matter how much we believe as individuals we are in control, we are ripping through space held on this planet by gravity with external influences applying undue forces.
As a result, predicting the next step the Denver Residential Housing Market might have is truly ridiculous. It faces its own pressures. Interest rates, employment, supply, demand, regulations, and all manner of other external forces have an impact on this geographically defined market. We can watch, wait and create our own opinions, but much more than that is really out of our hands. So, please take what these pages reveal with a grain of salt. Thank you!
Today’s chart from the last 7 days in our MLS system offers us an indication of what might be around the corner for our market.
New Listing (1190) ’tis the season for this to slow down a bit…
Back On Market (257) Note Expired Below.
Price Increase (82)
Price Decrease (1359) Price improvements will be running hot through year’s end!
Under Contract (1412) This is a very strong number. With all the price reductions, it should remain strong.
Withdrawn (230)
Leased (38)
Sold (1097) Even at this lower level, moving toward a holiday season, this is very active!!!
Expired (260) Note Back on Market above. Sellers giving up and giving it one more try before year’s end are about equal. Let’s hear it for the sellers back on market fighting to the very end!
If I look at these weekly numbers individually or cumulatively over 2018, what I see is pretty transparent. The strength in this market comes from price, location, condition, appeal and that “intangible”. Anecdotally, what we’ve seen metro-wide has been buyers with a more critical and rational eye. “Irrational Exuberance” is gone from our market. Buyers are paying close attention to these nuances, and because they can now go back to the property 1, 2, 3 & 4 times before making an offer. Buyers are being more critical!
As I have written in the past, “Most buyers want last year’s prices and most sellers want next year’s prices”. This mantra may have flipped on its axis. For some buyers, the perception has become, next year the prices may be lower, and for some sellers, the perception has become, “I should have worked harder to get the property on the market earlier in the year”. As a result, we may see buyers slow the process down; Renew their leases for one more year, negotiate a month to month so they can jump on something compelling, etc.
Long story short, all of this has happened in the past, it will happen in the future, and what may have glittered last year, might not be so bright next year.
In the end, occasionally, we all need a helping hand. Never hesitate to pick up the phone and give us a call. Maybe we can spot the “gold” in your future.
Thank You and Warm Regards,
Dee & Tom
Tom Cryer, SCRP
Broker Associate
THE CRYER TEAM
Kentwood Real Estate
4949 S. Niagara St. #400
Denver, CO 80237
303-638-3202
Tom@Kentwood.com
For Sale
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!
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 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!
Thank You, Thank You Very Much!
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Those of us following the stock market read or hear the words, 
Let’s keep in touch, let’s create a plan, let’s add some science to this process. Let’s discuss your sentiment…tc
Yes; that’s right. “It’s that time of year again.” Will your turkey stand the test of time. With all the uncertainties of preparing a turkey, is there really a “perfect turkey”? There’s preparation; dressing in or dressing out? There’s the timing; will everyone arrive on time keeping with the planned flow? There’s temperature; to hot, dry. Too slow, cold! I almost forgot, fresh vs. frozen? There are at least a dozen more variables to consider, right?
I would be remiss if I didn’t say thank you! Dee and I have been very fortunate. 2018 Marked many firsts for us and many anniversaries too. Our most important first was becoming Grandparents! They say, “A picture is worth a thousand words”, this picture says it all!
Good Monday Morning Everyone!
Tomorrow’s election results will provide joy and disappointment to “both sides”. In the end, however, life will go on, we will still be stuck with some entity fooling with our clocks. We will continue to lack money for public employee pensions. We will struggle to find funding for roads. And, we will all be wondering, “What were they thinking?…”
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MyTownCryer 
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