Good Morning Everyone!
This is going to my my anecdotal rant on the market 8/6/2018, today. A few years ago, I wrote about our bifurcated market. What I meant then as well as today is simple. We have a HOT MARKET, and we have a not so hot market. For instance, I was showing homes on Saturday under $600K east and west of Denver University. Most everything we viewed was physically old and tired, but some of it was well priced and I’ve been notified that at least one has a full price offer in place.
So, under $600K around DU is HOT. We can sell not so nice properties around DU with not much effort. Other price ranges and neighborhoods might not be so hot.
As we creep up in price and move away from the city center, demand is not so crazy, activity not so brisk and price appreciation may have left these market segments for the time being. On the surface these stats are very strong, but is there a crack in the dam?
Weekly MLS Stats 8/6/2018
New Listing (1746) Interesting to note New Listings vs. Under Contracts vs. Sold…
Back On Market (355)
Price Increase (177)
Price Decrease (1578) As we reported last week, earlier in the year this number was 300/week. This is a “bellwether” number. It may be predicting the future!
Under Contract (1776) This is a very strong week.
Withdrawn (222)
Leased (42)
Sold (1815) Wow! This is a good week!
Expired (466)
So, what does all this mean? In the last 5 years, there has never been a more important time PRICE APPROPRIATELY! Heard last week: “The market is smart, you can’t under price a listing“. Effectively, in today’s market, it is not the time to price ahead of the market. In fact, it may be the time to price behind the market. Historically, buyers are seeking a home value at last years prices and a seller is seeking a sale price at next years prices. Don’t swing with the market, your list price strategy should lead the way to success.
With rates inching up, election distractions, global tensions and the bifurcated market trends noted above, it just might be the time to reach out, discuss your plans, become armed and ready for what’s to come. We do it all the time, come stop by our new office and we can make it happen for you too! TheCryerTeam@Kentwood.com
This past month, many people celebrated Independence Day by watching fireworks, enjoying a barbecue, or perhaps escaping to the mountains. This year, Denver’s continued robust housing market was another cause for celebration. 
As a buyer, you’re looking for someone to help you navigate the intricacies of the buying process. Having a good buyer’s agent on your side could be the key to finding the right home at the right price. 
Colorado’s Front Range is a treasure trove of epic mountain bike trails waiting to be explored. There are around 1,200 rides and trails within striking distance of downtown Denver alone! 
Are you are “looking at the world through a windshield”…?
More than once in our careers, we have been faced with a change, a nuance, an outside influencer and more. The market is always changing, and one neighborhood can perform better or worse than another depending on; you guessed it, 
For Sale
The first winner was Clark Jackson from way down into the gardens on the lower level. Although Clark was the first one to see the second gift card, she could not get there before 
Phelps Blair picked it up from the edge of the putting green. Finally, from the top of the water falls, Jeff Lopez risked life and limb to capture the elusive third gift card. 
Everyone was such a good sport, and everyone continued on tour with a bit of energy and fun associated with a good old fashion scavenger hunt.
a lovely Baby Shower for our Grand Daughter (We know the name…). We’ve been Grand Puppy Sitting. And, we anxiously await the newest members of the Cryer Clan.
There is good news if you are a prospective home buyer in the Denver area. Last month, the market experienced a near 25% increase in the number of homes on the market from April, with an active inventory of 6,437 single-family homes, townhomes and condominiums. 
Looking for a way to cool off this summer? Colorado might be landlocked, but there are still plenty of incredible places to take a swim. Make your way to some of the best and most beautiful swimming spots in Colorado! 
Whether you are building a new home or remodeling an existing one, the window style you choose will help define its look. The right windows just seem to fit the design and complement other building components. 
A few weeks ago, I mentioned we were just about to breakthrough the 2,000/week threshold. Well, this week we did it! We closed 2,037 transactions last week. Title Co’s were busy! That’s a great number, and it is completely in line with historical seasonal activity. We close more homes in June every year than we do in December.
In the meantime, have a great week, enjoy the merits of this special holiday. Let’s all fly a flag for our great nation!
MyTownCryer 
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