When a National Holiday divides a week like it did last week, it is impossible to predict what might happen in our market, but it had a HUGE impact. Look at those numbers!
Denver MLS Weekly Report
New Listing (1416) Certainly a slow week here!
Back On Market (308) We had one of these, buyers are crazy right now!
Price Increase (225)
Price Decrease (1042) As we move later in the year, this number will grow.
Under Contract (1566) Not a bad week, but nothing like the last two weeks.
Withdrawn (163)
Leased (39)
Sold (1386) This is a particularly slow week based on recent weeks.
Expired (257)
Moving forward, we are anecdotally observing some build up of inventory in our perimeter markets particularly in our higher priced markets. Close in under $500K still remains strong when well presented and well located. If I was going to predict the future, I would predict that by year’s end, we will be experiencing a well defined “bifurcated market”. This means price range and location will be the defining characteristics as to how “hot” said market is.
As always though, if you have any questions, concerns or just need an interested party to help you out, please, give us a call…tc
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!
As we roll into the last week of the first half, we’ve seen all kinds of volatility from Wall Street and other world markets. We’ve seen a roller coaster in the interest rates, but my bet is we’ve seen most of the highs for the year already. As we march into the summer malaise, we are still seeing homes with desirable location/site characteristics and certain floor plans still being chased by market participants. We had multiple offers over the weekend on a list price of $1,750,000.
A magnificent ranch purposely placed at the end of a quiet cul-de-sac in Castle Pines Village. Call to set your appointment today…tc
As we round the corner for the end of the First Half 2018, there are a few things we need to address.
Denver, but Denver is still “500 miles from nowhere” and some would argue a 1,000 miles. Denver’s history has been a story of struggle, survival and grit long before we came along. It looks pretty darn good from my perspective, and will be thriving long after I’m gone. That’s really the history of the west. Planting seeds for the generations that follow. Some great history surrounds our 
We have some exciting inventory coming to market this month and next. If any of these neighborhoods or communities interest you, please give us a call, and we will let you know what’s next!
We have 7150 E. Berry Avenue in Greenwood Village, CO 80111 starting showings on 6/23/2018. It is a wonderful 2.5 acre property with tremendous privacy, views, great floor plan and fabulous outdoor living areas. It will be $1.7M.
Finally, we have another exciting listing in Lone Tree coming up in July. It has been meticulously maintained to the point where it FEELS like a new home and hardly lived in. It will be around $800K. It has an elevated site with some open space vistas. It is an easy walk to the Lone Tree Recreation Center, Shopping and more!
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