#Denver #Residential Inventory Plunges! #LeadingRELocal

The TOP 5 Denver Residential Market Insights as of 12-2014:

Denver Metro Association of Realtors 12/2014 Market Update.

Denver Metro Association of Realtors 12/2014 Market Update.

DMAR-Market-Trends_DECEMBER

1.The lower end of the market is still very tight, and selling quickly – especially in the central Denver neighborhoods

2. Consumer confidence decreased in November to 88.7 down from 93.8 in October

3. Year-over-Year Average & Median sales prices are up 8.95% and 12.38% respectively

4. Year-to-Date, a total of 49,583 homes closed at an average sold price of $324,566

5. Year-to-Date Closed Sales Volume is $16.1 Billion (through November 30th)

Posted in Uncategorized | Tagged , | Leave a comment

Denver Market Continues to Lack Residential Inventory

Buyers are on the sidelines because of the lack of inventory.  Transferees moving from out of state would rather rent than compete in multiple offer shenanigans over the same listing.  Sellers are not placing their homes on the market because they are unsure if the property they will want will come on the market.  Seniors are aging in place because they can’t find a better solution.

The chart below confirms this ultra low inventory problem facing Denver buyers and sellers, but it only tells half the story.  Sure, inventory is low, and buyer activity in some areas is ravenous.  That doesn’t mean you have to sit out a great market.  It means you hae to prepare, be ready and be confident.

YTD Inventory View 11-2014

As your Realtor, we have faced each one of these opportunities in the eye, and we have overcome their hurdles and sprinted to the finish line of success.

There’s no trick to providing for any of these buyer or seller needs and wants.  Hard work, experience, perseverance and an historical market perspective that few bring to the table easily overcome anything this market can throw at us.

When the market is not cooperating look for the opportunity.  Every market offers opportunities.  Being able to recognize an opportunity is what makes the difference.

If you have been sitting on the fence, this is the season to be making plans for your next step.  Learning the market, understanding what you can afford and keeping current throughout the process are the characteristics necessary for a successful transition into your first property, your last property and everything in between.

Take time out, come visit with us.  You may find what you’re seeking is just a hidden opportunity requiring seasoned professionals to uncover it for you.

Posted in Denver Real Estate | Tagged , | 1 Comment

Coming Soon! 5621 E. Nichols Pl. Centennial, CO 80112

The Cryer Team is pleased to announce a new listing coming soon.  5621 E. Nichols Pl. Centennial, CO 80112 will be available for showings on or before 12/13/2014.  These two videos will provide an excellent view of the property, the community and the location.

 

 

 

We hoped you enjoyed this preview.  Thank you for viewing!

Posted in Uncategorized | Leave a comment

5 Things You Can Do When Preparing to Sell Your House in the Fall & Winter

cropped-img_3316.jpgPREPARING TO SELL YOUR HOUSE IN THE FALL & WINTER

THE ONSET OF COOLER MONTHS DOESN’T MEAN YOU NEED TO WAIT TO LIST YOUR HOUSE. WITH A FEW SIMPLE TIPS AND TRICKS, BUYERS WILL BE LINING UP TO VIEW YOUR PROPERTY.

  1. Holiday Spirit- Everyone likes a little holiday cheer, make sure to keep your decorations simple and tasteful. A wreath on the front door and elegant Christmas tree will make your house feel warm and inviting while still allowing buyers to picture themselves in the home.
  2. Curb Appeal- Good curb appeal is the most important thing when selling your home, it’s the first thing to catch a buyer’s attention. As the seasons begin to change, take extra care in raking leaves or shoveling the driveway. A clear path to the front door is critical.
  3. The Right Agent- It’s important to work with an agent who understands Colorado winters. Whether it’s driving conditions or ski resort recommendations, your agent needs to know the local details.
  4. Winter Warmth- Come November, you may be turning on your furnace for the first time this year or lighting a cozy fire. Make sure everything is up to code and inspected, especially if you have a wood burning fireplace.
  5. Patience- Selling your home in the off season may take a little longer, however, winter buyers are typically motivated and ready to close quickly.
Posted in Uncategorized | Leave a comment

WORDS TO LIVE BY TODAY!

THE LIFE OF MADISONThinking is the hardest work there is, which is probably reason why so few people engage in it.

Henry Ford

Your imagination is your preview of life’s coming attractions.

Albert Einstein

The thing always happens that you really believe in; and the belief in a thing makes it happen.

Frank Loyd Wright

The best way to make your dreams come true is to wake up.

Paul Valery 

If you aren’t going all the way, why go at all?

Joe Namath

Change your thoughts and you change your world.

Norman Vincent Peale 

Posted in Uncategorized | Leave a comment

What to do during the 2014 Holiday Season

2014 Holiday Events Calendar

2014 Holiday Events Calendar

The attached calendar reveals what’s Hot and what you better Bundle Up for!

Posted in Denver Holiday Events | Tagged | Leave a comment

Denver Market Watch October, 2014

Denver Panorama Fall 2013

Denver Panorama Fall 2013

Highlights for October 2014

* Single Family Detached homes units sold: Up 1.2% from prior year. (3188 units sold)

* Average Sold price on SFD’s: Up 9.7% from prior year October 2013. ($361,923 for this year)

* Days on market for SFD’s: 36.2 days for October 2014.

* Condo/Townhome sales: Up 41.6% from prior year October 2013. (1340 units sold this year)

* Average Sold price for Condo/Townhome: Up 12.6% from prior year October 2013. ($233,086 this year)

* Days on market for Condo/Townhome : 30.1 days for October 2014.

Posted in Denver Real Estate | Tagged , | Leave a comment

The Most Up To Date Denver Residential Market Data Is Here.

Click here for all the November, 2014 Data.

Supply vs. Demand

Supply vs. Demand

Posted in Denver Market Watch | Tagged | Leave a comment

9 Ways to Have Fun While Cleaning Up After Thanksgiving

Gobble, Gobble, GobblePersonally, I liked the last suggestion, but the Pilgrims were on to something when they planned a Thanksgiving potluck; here are other good ideas that’ll simplify your T-Day kitchen cleanup.

Want something to be thankful for? Check out these tips that’ll make your Thanksgiving kitchen cleanup faster and easier — and will give you more time to enjoy family and friends.

Plan a potluck: The first Thanksgiving was a potluck; so let your guests share the fun and bring dishes to share. Then make sure they take home their serving bowls and platters, which will cut down on dishes to wash and put away.

Decide on disposable: Leave Mom’s good dishes in the breakfront and set your table with disposable — and recyclable — place settings. Party stores sell plastic dishware that look like real china (12 dinner plates for about $13). After eating, collect and toss. If you can’t stand to set a table with anything but your best, use disposables for hors d’oeuvres and dessert.

Triple-duty cookware: Cut down on cleanup by selecting cookware that can go from oven to table to freezer. Or, serve food in edible containers, such as bread bowls or hollowed-out winter squash, which you can either consume or compost.

Empty fridge: Start your holiday with a clean slate, which will make the inevitable mess less daunting than piling clutter onto clutter. Before beginning Thanksgiving prep, pick up depressing home clutter and clean out your fridge to make room for ingredients and leftovers.

If possible, designate a shelf for Thanksgiving food, which should be empty when you start your meal, then filled with leftovers when you’re finished. In a week, clean out that shelf again. Make soup from leftover meat and veggies, and then freeze. Compost wilted greens. Toss old dairy products.

Prepare roasting pans: You won’t have to clean what you don’t get dirty. So line your turkey roasting pans with heavy-duty aluminum foil, or cook the bird in a bag. Pour drippings into a pot to make gravy, then throw away the liner.

Line garbage cans: Double- or triple-line garbage cans, which saves time when the cleaning campaign begins. After you toss a trash bag, there’s another waiting for action.

Soaking bin: Soak pots and pans as soon as you transfer food to platters. But instead of filling the sink with soaking pots, designate a small trashcan as the soaking spot. Fill it will soapy water and dirty pots, and hide it under a sink or in a mudroom. That way, your sink is free throughout the evening to clean as you go and rinse dishes on the way to the dishwasher.

Stop stains: Don’t let stains on carpet or rings on furniture set. While wine stains are still wet, dab with go-to cleaner hydrogen peroxide mixed with a few drops of dish detergent; blot with a clean cloth. Get rid of water stains on wood furniture with a dab of white toothpaste (not gel). Rub in the direction of the grain.

Pump up the music: Up-tempo music will give you a second wind for cleaning. So turn off the soothing dinner tunes and get rocking with our cleaning playlist.

Thank you Lisa…

Published: November 1, 2012

Posted in Denver Real Estate | Tagged , | Leave a comment

10 Key Checklist Items for Fall Maintenance for Your Home

Fall Maintenance Checklist

Fall Maintenance Checklist

1. Stow the mower.

If you’re not familiar with fuel stabilizer, you should be. If your mower sits for months with gas in its tank, the gas will slowly deteriorate, which can damage internal engine parts. Fuel stabilizer ($10 for a 10-ounce bottle) prevents gas from degrading.

Add stabilizer to your gasoline can to keep spare gas in good condition over the winter, and top off your mower tank with stabilized gas before you put it away for the winter. Run the mower for five minutes to make sure the stabilizer reaches the carburetor.

Another lawn mower care method is to run your mower dry before stowing it.

1. When the mower is cool, remove the spark plug and pour a capful of engine oil into the spark plug hole.

2. Pull the starter cord a couple of times to distribute the oil, which keeps pistons lubricated and ensures an easy start come spring.

3. Turn the mower on its side and clean out accumulated grass and gunk from the mower deck.

2. Don’t be a drip.

Remove garden hoses from outdoor faucets. Leaving hoses attached can cause water to back up in the faucets and in the plumbing pipes just inside your exterior walls. If freezing temps hit, that water could freeze, expand, and crack the faucet or pipes. Make this an early fall priority so a sudden cold snap doesn’t sneak up and cause damage.

Turn off any shutoff valves on water supply lines that lead to exterior faucets. That way, you’ll guard against minor leaks that may let water enter the faucet.

While you’re at it, drain garden hoses and store them in a shed or garage.

3. Put your sprinkler system to sleep.

Time to drain your irrigation system. Even buried irrigation lines can freeze, leading to busted pipes and broken sprinkler heads.

1. Turn off the water to the system at the main valve.

2. Shut off the automatic controller.

3. Open drain valves to remove water from the system.

4. Remove any above-ground sprinkler heads and shake the water out of them, then replace.

If you don’t have drain valves, then hire an irrigation pro to blow out the systems pipes with compressed air. A pro is worth the $75 to $150 charge to make sure the job is done right, and to ensure you don’t have busted pipes and sprinkler head repairs to make in the spring.

4. Seal the deal.

Grab a couple of tubes of color-matched exterior caulk ($5 for a 12-ounce tube) and make a journey around  your home’s exterior, sealing up cracks between trim and siding, around window and door frames, and where pipes and wires enter your house. Preventing moisture from getting inside your walls is one of the least expensive — and most important — of your fall maintenance jobs. You’ll also seal air leaks that waste energy.

Pick a nice day when temps are above 50 degrees so caulk flows easily.

5. De-gunk your gutters.

Clogged rain gutters can cause ice dams, which can lead to expensive repairs. After the leaves have fallen, clean your gutters to remove leaves, twigs, and gunk. Make sure gutters aren’t sagging and trapping water; tighten gutter hangers and downspout brackets. Replace any worn or damaged gutters and downspouts.

If you find colored grit from asphalt roof shingles in your gutters, beware. That sand-like grit helps protect shingles from the damaging ultraviolet rays of the sun. Look closely for other signs of roof damage (#5, below); it may be time for a roofing replacement.

Your downspouts should extend at least 5 feet away from your house to prevent foundation problems. If they don’t, add downspout extensions; $10 to $20 each.

6. Eyeball your roof.

If you have a steep roof or a multistory house, stay safe and use binoculars to inspect your roof from the ground.

Look for warning signs: Shingles that are buckled, cracked, or missing; rust spots on flashing. Any loose, damaged, or missing shingles should be replaced immediately.

Black algae stains are just cosmetic, but masses of moss and lichen could signal roofing that’s decayed underneath. Call in a pro roofer for a $50 to $100 eval.

A plumbing vent stack usually is flashed with a rubber collar — called a boot — that may crack or loosen over time. They’ll wear out before your roof does, so make sure they’re in good shape. A pro roofer will charge $75 to $150 to replace a boot, depending on how steep your roof is.

7. Direct your drainage.

Take a close look at the soil around your foundation and make sure it slopes away from your house at least 6 vertical inches over 10 feet. That way, you’ll keep water from soaking the soils around your foundation, which could lead to cracks and leaks.

Be sure soil doesn’t touch your siding.

8. Get your furnace in tune.

Schedule an appointment with a heating and cooling pro to get your heating system checked and tuned up for the coming heating season. You’ll pay $50 to $100 for a checkup.

An annual maintenance contract ensures you’re at the top of the list for checks and shaves 20% off the cost of a single visit.

Change your furnace filters, too. This is a job you should do every two months anyway, but if you haven’t, now’s the time. If your HVAC includes a built-in humidifier, make sure the contractor replaces that filter.

9. Prune plants.

Late fall is the best time to prune plants and trees — when the summer growth cycle is over. Your goal is to keep limbs and branches at least 3 feet from your house so moisture won’t drip onto roofing and siding, and to prevent damage to your house exterior during high winds.

For advice on pruning specific plants in your region, check with your state extension service.

10. Give your fireplace a once-over.

To make sure your fireplace is safe, grab a flashlight and look up inside your fireplace flue to make sure the damper opens and closes properly. Open the damper and look up into the flue to make sure it’s free of birds’ nests, branches and leaves, or other obstructions. You should see daylight at the top of the chimney.

Check the firebox for cracked or missing bricks and mortar. If you spot any damage, order a professional fireplace and chimney inspection. An inspection costs $79 to $500.

You fireplace flue should be cleaned of creosote buildup every other year. A professional chimney sweep will charge $150 to $250 for the service.

Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Residential Real Estate, Greenwood Village | Tagged , , , , , | 2 Comments