MyTownCryer

January 13, 2015

FOR IMMEDIATE RELEASE

Kentwood Real Estate-DTC Joins Forces with Food Bank of the Rockies to Help Feed Needy Children during the Holidays.

Kentwood Broker Associates Generously Donate More Than $5,000 to Provide Tote Bags Filled with Nutritious Food for Distribution during School Break.

DENVER – Kentwood Real Estate-DTC and the company’s generous Broker Associates

recently joined forces with the Food Bank of The Rockies to help provide needy children with nutritious food during the approximately two-week holiday break from school. Kentwood’s agents collectively donated more than $5,000 to fill tote bags to food-insecure children just prior to the school holidays. The Food Bank of the Rockies and its Totes of Hope Program annually serves approximately 5,000 children from 61 individual sites.

The endeavor for the Food Bank was initiated by the Brokers at Kentwood Real EstateDTC as the firm’s annual holiday giving effort each December. Luisa Staerkel, Managing Broker for Kentwood’s DTC office, helped kick start the donation process with the help of Kentwood assistant Gail Junso. The donations were used to provide tote bags to children in both public and parochial schools supported by the Food Bank throughout the school year. The tote bags were delivered to children the last Friday prior to the holiday break.

“Each Friday during the school year children can pick up a tote bag at their school with food items that will hold them over for the weekend,” said Staerkel. “Unfortunately, when there is a holiday break or a school vacation, the tote bags are not available for the students. When we learned ofthis issue, our agents generously donated money for the Food Bank and needy children. This was a very rewarding endeavor for an outstanding cause and I am very proud of our brokers and the generosity they exemplify throughout the year for the communities that have fueled their success.”

Food Bank of the Rockies (FBR) is the largest private hunger-relief organization in Colorado. Founded in 1978, FBR has provided nearly 571 million pounds of food to its member agencies, which translates to nearly 476 million meals for people in need. FBR uses less than four cents of every dollar for administration, which makes it one of the most efficient charitable organizations in the country. FBR has a pool of more than 12,000 volunteers. The efforts made by Kentwood Real Estate-DTC provided tote bags for children filled with such items as chicken noodle soup, ravioli, spaghetti, assorted fruits and vegetables, and more.

More than one in seven Coloradans struggle with hunger and nearly half are children.  For more information on FBR and to make a donation, please visit http://www.foodbankrockies.org. Interested parties may also contact Tom Cryer at 303-773-3399 or via email at Tom@Kentwood.com.

Kentwood Real Estate is dedicated to building on its legacy of being “Colorado’s Premier Real Estate Company” through the highest producing, most knowledgeable, caring and experienced brokers in the country who offer the highest quality customer service experience. Kentwood Real Estate is an innovator known for unparalleled marketing strategies and superior Internet technology that places its clients in the best possible position. The company’s brokers each averaged more than $12 million in sales volume annually, which is ranked number one nationwide by the National Association of Realtors and REAL Trends.

Kentwood Real Estate is comprised of Kentwood Real Estate-DTC, Kentwood Real Estate-Cherry Creek, and Kentwood City Properties in downtown Denver. For more information, visit Kentwood Real Estate online at http://www.DenverRealEstate.com.

###

Supply vs. Demand

The following update from the DMAR Market Trends Committee is telling us very much what I had published yesterday.  I only follow 8 counties, but the 11 county input is not too much different.  Follow along and click through to the entire report.

Anthony and the DMAR committee are doing a great job lending a third party perspective on the Denver Market and additionally, sharing it with us is a great membership bonus from the Denver Metro Association of Realtors.

DMAR-Market-Trends_DECEMBER According to recent data provided by the Denver Metro Association of REALTORS® Market Trends Committee, the November market transactions encompassing the 11 Counties of the Denver Metro Area* are:

Residential (Single Family plus Condo):
Active Inventory: 5,420 -19.68% prior month
Sold Homes: 3,586 -24.96% prior month
Average Price: $330,544 2.07% prior month
Median Sold Price: $280,954 2.54% prior month
Average Days on Market: 39 8.33% prior month
Single Family:
Active Inventory: 4,419 -18.72% prior month
Sold Homes: 2,597 -23.51% prior month
Average Price: $364,770 1.19% prior month
Median Sold Price: $313,000 2.62% prior month
Average Days on Market: 41 7.89% prior month
Condo:
Active Inventory: 1,001 -23.65% prior month
Sold Homes: 989 -28.54% prior month
Average Price: $240,672 2.84% prior month
Median Sold Price: $192,500 4.05% prior month
Average Days on Market: 33 3.13% prior month
* Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
2
DMAR Market Trends | December 2014
© 2014 COPYRIGHT | All rights reserved to Denver Metro Association of REALTORS® The lower end of the market is still very tight, and selling quickly – especially in
the central Denver neighborhoods
 Consumer confidence decreased in November to 88.7 down from 93.8 in October
 Year-over-Year Average & Median sales prices are up 8.95% and 12.38% respectively
 Year-to-Date, a total of 49,583 homes closed at an average sold price of $324,566
 Year-to-Date Closed Sales Volume is $16.1 Billion (through November 30th)
 Mortgage interest rates remaining stable with 30-yr conventional rates under 4% and
a 15-yr conventional rates around 3.0%
 Some buyers still coping with 2014 market realities and having trouble understanding
why they can’t get a ‘rock-bottom deal’
 Public perception is that it’s mostly a seller’s market
 Days on Market (DOM) is slowly increasing with homes selling in 39 days
 Year-to-Date, sales volume for the Condo market is up sharply with a 43.56% increase
compared to 2013
 Year-to-Date, the Residential market saw a 42% drop in the # of listings, but still
registered the same # of closings while posting a 5.24% increase in sales volume
 Outdoor spaces with kitchens and fireplaces are highly desirable and becoming a
necessity in higher-end homes ($1m+)
 Listing agents need to help sellers price for today’s market without too much influence
on the frenzy of several months ago
 Buyers are willing to wait for unrealistically priced properties to come down before
considering an offer
3
DMAR Market Trends | December 2014
© 2014 COPYRIGHT | All rights reserved to Denver Metro Association of REALTORS®

With less than a month remaining in 2014, the traditional or
seasonal cool-down has slowed the market somewhat –
although not as much as in prior years. The strength of our
market continues because eager homebuyers are still in
search of their “American Dream” home, and favorable
local economic indicators continue to improve and show
strength throughout the greater Denver metropolitan area.
Buyers are somewhat anxious to get settled in because they
realize mortgage interest rates are expected to increase in 2015 and are growing
weary watching from the sidelines. Meanwhile, prospective sellers looking at the
horizon still see an excellent opportunity to “cash-in” to buy up into their dream
homes or, in some cases, downsize as they become empty-nesters. They realize the
active listing inventory of homes for sale remains low and prices continue trickling
upwards. Overall, the market is strong as inquiries from buyers and sellers are
ringing merrily for DMAR agents as we enter the holiday season.
Year-to-date, the severe shortage of inventory showed active listings are down
almost 42%, the number of sold listings remained unchanged, but we’re still 5.24%
ahead of where we were a year ago with an overall sales volume at $16.1 Billion. The
year-over-year residential market has seen days-on-market (DOM) drop 22% and
the average sales price increase 8.95%.
– Anthony Rael, Chairman of the DMAR Market Trends Committee