My Town Cryer Denver Market Watch | March 2018

Posted on March 30, 2018 by Dee & Tom Cryer
Your monthly source for the latest Denver Area real estate news.

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March 2018
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Kentwood Real Estate
February 2018 Housing Market Report
Denver, the most expensive housing market between the two coasts, hit an important milestone in February. For the first time ever, the average price of a home topped $500,000. Read More >>
Simple Ways You Can Go Green
Living a greener, more sustainable life is becoming increasingly important in our day-to-day lives. Here are simple ways you can go green to contribute to a healthy planet for years to come. Read More >>
10 Things to Do in Denver This April
Spring in Denver is always buzzing with fun activities! From baseball to brew fests, Denver’s got everything you could hope for. Check out the best events happening around town that you won’t want to miss out on. Read More >>
Featured Properties
Harvard Gulch Habitat!
2535 South Washington Street, Denver CO
Amazing Location!!! See Harvard Gulch Park and Golf Course from your front yard! A wonderful opportunity awaits you to live, work, and play close to everything. Golf, Park, Trail System, Employment, Entertainment, Shopping, RTD and more await right out your front door, all while living on a quiet non-through street where everyone knows your name! This updated cottage is a delight to behold. Everything you need (including an attached garage), and nothing that you don’t! Lots of natural …
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The Cryer Team
The Cryer Team 303-638-3202 Tom
303-887-3917 Dee
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Market Snapshot
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Market Movers
Is the Denver-housing market approaching a tipping point? A national study says buyers need a salary of $80,000 to buy a typical home in the Denver area.

Denver isn’t considered a leading contender to land the second headquarters for Amazon. But a study by Zillow ranks Denver in the top 5 candidates.

If you are getting a new mortgage your phone may ring and out-of-the-blue you will get what seems to be a better deal. But be careful. Often these so-called “trigger leads” are scams.
Testimonial
Dee and Tom were amazing to work with. They represent their clients so well and truly work for them. We were relocating to Denver from out of state and having them as partners was truly a benefit.
-Caleb K.
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Kentwood Real Estate Kentwood Real Estate
5690 DTC Boulevard #600W
Greenwood Village , CO 80111
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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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#DENVERMARKETWATCH 3/26/2018 Q1 End Report

Posted on March 26, 2018 by Dee & Tom Cryer

IMG_0045In any market, perspective is important.  What was, What is and What will be.  That’s what we try to do here most weeks.  Help you keep perspective on the Denver Residential Market.

What you will see below is directly from our Broker Side Interface with the REColorado.com.

New Listing (1354) The first week of the year, this number was 826.
Back On Market (229)
Price Increase (139)
Price Decrease (601)
Under Contract (1692) The first week of the year, this number was 822.
Withdrawn (110)
Leased (27)
Sold (1118) The first week of the year, this number was 858.
Expired (158)

As you can see, we have grown into a full fledged spring marketing season.  With weekly Under Contract Listings almost doubling, it is officially “selling season”.  We are observing multiple offers at almost all price levels up to and including $1M+/-.

We the actual data is reconciled at the end of each month, our number of active listings and number of closings often bi-sect when portrayed graphically.  This means those “Coming Soon” signs are a real and functioning part of our market.  It is almost certain as we move into spring buyers will continue to compete for fresh listings and the bidding wars will be vicious.  Buyers feelings will be hurt.  Sellers will be happy.  One thing you can do, is follow this blog and keep up to date!

This weeks image at the top of this piece is from The Paint Mine Interpretive Park outside of Calhan, CO.  It is just an hour or so SE of Denver on the “backroad” to Limon.  It is worth the drive as you can see, and the trails are very much improved and apparently maintained by some of America’s Best Eagle Scouts!  Remember to take time out and explore Colorful Colorado...

Posted in CASTLE ROCK, Centennial, Cherry Creek State Park, Colorado, Colorado State Parks, Colorado Travel, Colorado Travel Guide, Denver Market Watch, MyTownCryer, Paint Mine Interpretive Park Calhan, CO, Uncategorized | Leave a comment

#DenverMarketWatch 3/19/2018 The Mood of the Market

Posted on March 19, 2018 by Dee & Tom Cryer

IMG_0050Good Morning All You Wonderful People!

We continue to observe a very strong and active market.  Last week, all price points seem to be hitting on all cylinders!  We even saw a property over $8M go under contract setting a new high for the year.

As we do every week, the last seven days of MLS activity is briefly presented for your review.  Now very close to the end of 2018’s Q1, in the coming weeks, we will try to put some perspective on this.

New Listing (1443)  Steady improvement in this category is good!
Back On Market (202)
Price Increase (123)
Price Decrease (501) Let’s keep an eye on this one.  Are interest rates impactful?
Under Contract (1675) WOW, we are killing it!
Withdrawn (92)
Leased (40)
Sold (1176) This is a solid number we would take every week!
Expired (129)

As the story of 2018 unfolds for Denver’s Residential Real Estate Market, let’s not forget, we still have a serious shortage of home for sale.  We would love to come see you.  Sit down at the kitchen table and discuss your future plans.  Failure to plan is a plan for failure, as they say…tc

Posted in Buying or Selling Real Estate, Caslte Rock, Castle Pines North, CASTLE ROCK, Centennial, Cherry Creek State Park, Cherry Hills Village, Colorado, Denver Housing, Denver Market Watch, Denver Real Estate, Uncategorized | Leave a comment

#DenverMarketWatch 3/12/2018 #GoldenAge

Posted on March 12, 2018 by Dee & Tom Cryer

IMG_3698As we approach the end of 2018’s first quarter, there are some notables you should know about.

First, the trend of more Under Contract Listings each week continues to far exceed the number of New Listing each week.

Second, our Sold and Closed Listings remains strong and continues to grow as one would expect.

Finally, with all the hoopla about interest rates increasing, so far, this has been a non-event.  We are keeping a close eye on this one, but in the meantime, let’s hope they will level out and show some status quo.

Below, you will find this week’s numbers.  You can see from my comments, they continue to offer more of the same.

New Listing (1356)  (Too Few; where are the sellers?)
Back On Market (210)
Price Increase (176)
Price Decrease (523)
Under Contract (1736)  (This is a huge number!)
Withdrawn (101)
Leased (39)
Sold (1115)  (This is a sold/strong number.)
Expired (168)

In the coming weeks, I will be addressing some of the reasons we don’t have enough inventory, and why this will continue into the foreseeable future.  In the meantime, let’s take full advantage of what’s in front of us right now and enjoy!  This is truly a Golden Age of Denver Residential Real Estate.

Posted in Arapahoe County, Caroline Cryer, Chatfield State Park Map & Brochure, Cherry Creek State Park, Cherry Hills Village, Denver Real Estate, Freedom, Great Neighborhoos, Greenwood Village, Hall of Leaders, Highlands Ranch, Highline Canal, Home Ownership By Age Group, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Kentwood Co., Kentwood Relocation Services, Littleton, Lone Tree, Luxury Homes, Making Good Real Estate Decisions, Mortgage Interest Deduction MID, MyTownCryer - Denver Real Estate - Tom Cryer, MyTownCryer Newsletter, New Home Construction, Newsletter, Newsletter, Predictions for the Next Decade, Real Estate Residential Denver, Residential Property Tax Protest, Share your opinion, Thomas Cryer, Truth vs. Fear in the Residential Market, Welcome to the City of Centennial, Your Colorado Bucket List | Leave a comment

#DenverMarketWatch 3/5/2018 #ShortSupply #It’sAHorseRace

Posted on March 5, 2018 by Dee & Tom Cryer

IMG_3698Well, here we are.  It’s once again time for a Monday Market Update!  As you can see below, we have more Under Contracts than New Listings once again this week.  Also, the number of closings was up significantly.  All of these indicators are signs of a very strong market.

Anecdotally, we had 6 written offers on one of our listings over the weekend.  Sellers still look at “cash offers” with smiles on their faces.  Potential buyers gave up their rights to appraisals, inspections and increased earnest money to extravagant levels.  The right house in the right location commands significant market attention.

New Listing (1329)
Back On Market (193)
Price Increase (188)
Price Decrease (534)
Under Contract (1653)
Withdrawn (119)
Leased (41)
Sold (1635)
Expired (326)

As the year unfolds into the weeks ahead, please don’t underestimate how important it will be to get on the market earlier in the year than later in the year.  Please give us a ring.  Thank you!

Posted in Arapahoe Road, Denver, Denver Housing, Denver Market Watch, Denver Real Estate, Denver Residential Real Estate, Denver Transferees, homestead, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Kentwood Co., Kentwood Relocation Services, Thomas Cryer, Uncategorized, Welcome to the City of Centennial | Leave a comment

7148 S. Niagara Ct. #HomesteadontheParkway #ForSale

Posted on March 1, 2018 by Dee & Tom Cryer

Living

Here it is!  Click Here!

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#DenverMarketWatch 2/26/2018

Posted on February 26, 2018 by Dee & Tom Cryer

IMG_3655WOW!  I just can’t shout loud enough to be heard.  Over the last week, once again, we continue to put more under contract than we add new listings; by a HUGE margin.  This is clearly being demonstrated in our “core neighborhoods” with multiple offers still ruling the day.  Buyers are finding out about new listings simply on whispers.

Does that garage sale mean they are selling?  It’s not quite that easy, but we have stopped at a lot of garage sales over the last couple of months.  Maybe it’s true.  Maybe we do need a bigger town…

Look at these numbers below:

New Listing (1015) We put 500 more under contract than we listed.
Back On Market (174)
Price Increase (157)
Price Decrease (480)
Under Contract (1502) We are not bringing enough new listings to the the market!
Withdrawn (106)
Leased (28)
Sold (993) Another great week of closings.
Expired (141)

Long story short, if you scroll back over the last 8 weeks and catch up on these posts, you will find this trend is the “normal” in our market so far in 2018.  We’ll keep you posted, but you need to follow us!

Posted in Uncategorized | Leave a comment

7148 S. Niagara Court Centennial, CO 80112

Posted on February 21, 2018 by Dee & Tom Cryer

We couldn’t be more proud to present a new listing to the market.  Showings start soon, so stay tuned.  Updates will be posted here.

NiagaraRarely does one find an active listing in the quaint enclave of Homestead on the Parkway.  Surrounded by 120 acres of dedicated SSPRD Open Space, included in the Homestead in the Willows HOA with access to 3 pools, 8 tennis courts and miles of scenic greenbelt pathways, this truly is a gem.

So, without further adieu, may we present 7148 S. Niagara Court Centennial, CO 80112

For all the MLS Data click here.

 

 

Posted in Centennial, Denver Housing, Denver Market Watch, Denver Real Estate, Homestead at Willows End, Homestead in the Willows, Homestead on the Parkway, Uncategorized | Leave a comment

#DenverMarketWatch 2/19/2018 #ShortSupply

Posted on February 19, 2018 by Dee & Tom Cryer
Supply vs. Demand

Supply vs. Demand

Good Morning Everyone!

Once again, New Listings are up for the week, BUT can you see it?  Under Contracts are killing it!

Never fear, Dee and I have 4 new listings #ComingSoon.  #GreewoodHills, #HomesteadontheParkway, #RidgeviewHills and #HarvardGulch.

As you can see, we are doing our best to keep up with demand, but we need more active listings!

New Listing (1144)  Nice add to supply…
Back On Market (176)
Price Increase (121)
Price Decrease (474)
Under Contract (1447)  WOW, another HUGE week of activity!
Withdrawn (114)
Leased (34)
Sold (941)  Closings are down from last week, but still strong.
Expired (151)

When all is said and done, the big picture still looks extremely bright for the Denver Residential Market.  That being said, there are still going to be pockets where market conditions are stronger and weaker than the averages.  Please keep this in mind, and don’t be hesitant to give us a call and hear our take on the Denver Market.

 

 

Posted in Denver Housing, Denver Market Watch, Denver Real Estate, Denver Transferees, Devil’s Tower, Uncategorized | Leave a comment

Denver Market Watch 2/13/2018 #Denver

Posted on February 13, 2018 by Dee & Tom Cryer

22334 E Idyllwilde Dr Parker-print-034-39-Koi Pond-2700x1800-300dpiCan you believe it?  923 New Listings this week with 1,500 Under Contract…  This is living proof, listing earlier in the year brings faster sales and higher prices.  As my mother would always say, “Make hay…”.  So, what does this mean?

If you are a potential seller, call us!  Call us sooner rather than later.  Low supply makes your home stand out.

We wrote an offer this weekend in Castle Rock.  The list price was $700,000.  We offered $715,000 and lost out to a buyer offering well over $730,000.  No question this was a great house.  Buyers are ravenous for the right house in the right location at the right price.  Timing, Timing Timing!

New Listing (923)  This is a shortage!
Back On Market (188)
Price Increase (134)
Price Decrease (502)
Under Contract (1500)  This is a super week.  String 4 of these together, and you have a record month.
Withdrawn (87)
Leased (28)
Sold (863)
Expired (134)

2018 Should be your year to “Make it happen”.  If you are contemplating moving up, making a first time buyer purchase or moving to more accomodating surrounds, let’s talk.  Call sooner rather than later.  Timing, Timing, Timing…

By the way, We just listed one this morning where we sat down with the sellers almost a year ago to develop a plan.

LISTINGS COMING SOON:

Harvard Gulch Golf Course:  Around $500,000

Homestead on the Parkway:  Around $1,250,000

Orchard Hills:  Around: $1,600,000

Ridgeview Hills North:  Around $420,000

 

Posted in Denver Market Watch, Denver Real Estate, Denver Transferees, Homestead at Willows End, Homestead in the Willows, Uncategorized | Leave a comment