Contracts Exceed Listings 3-17-2014

Posted on March 17, 2014 by Dee & Tom Cryer

Over the last 7 days, Under Contract activity has exceeded new listings by more than 40% again!

New Listing (950)
Back On Market (199)
Price Increase (101)
Price Decrease (473)
Under Contract (1470)
Withdrawn (101)
Sold (824)
Expired (149)

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Year to Date 2014 Luxury Home Market Results

Posted on March 5, 2014 by Dee & Tom Cryer

Denver’s Luxury Home Sales 2-2014

Champ Bailey’s House

It appears the shortage of choices is having an impact on the number of sales over $1M so far this year. I’m going to predict a little catch up in the next 60 days. Let’s see if I know what I’m talking about. Any bets out there?

Posted in Buying or Selling Real Estate, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Residential Real Estate, Greenwood Village, Lone Tree, Luxury Homes | 1 Comment

Four Generations of Homeownership (Soon to be 5)

Posted on February 6, 2014 by Dee & Tom Cryer

With 10,000 #Boomers turning 65 everyday – Four Generations of #Homeownership (Soon to be 5) http://

Expand Four Generations of Homeownership (Soon to be 5).

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Is #Denver an Island #Paradise?

Posted on February 4, 2014 by Dee & Tom Cryer

Denver Panorama Fall 2013

These days there is more chatter to decipher, and more bugle horns sounding countless “points of view.” All the conversations seem endless, and irreconcilable since today’s conclusions are kicked and tossed around by tomorrow’s new bits of data. All is in flux. Peyton Manning is one thing one day, and another the next.

Is it possible that Denver, Colorado is an “Island Among Cities” where paradise really is right around the corner? I think so. I often tell people, “Denver is 500 miles from nowhere, and that’s a good thing”. Think about it. Drive in any direction from Denver for 500 miles and ask yourself, “Where am I”. I think you’ll agree, Denver is an island paradise floating alone on the high plains at the base of the Rocky Mountains.

What do you like to do? Sports, recreation, arts, beers, wines, organics, , politics,

outdoor life? You name it, we are only a short distance from it all. Six major professional sports, Red Rocks to Rockies, world class impressionists to natural history, beers, wines and whiskies right here. Ski areas just a couple of hours away with world class resort amenities or peaceful trails through the most exciting mountains around. From Telluride to Aspen, to Vail to Breckenridge to Winter Park and more, the Denver resident has access to them all.

With Fifty Three world class mountains over 14,000 feet above sea level and hundreds more over 12,000, we really do enjoy an authentic Rocky Mountain High even without our dispensaries.

Today it is 15* outside and snowing. Maybe that’s why I want the idea of an island paradise to hit home so hard. But, tomorrow it could be 60* with brilliant blue skies.

Everyone has their own idea of paradise. What’s yours?

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Denver e-News January, 2014

Posted on January 21, 2014 by Dee & Tom Cryer

Last year, buyers snapped up a record 54,024 homes in Denver!

So what, you might ask?

Here is another way to look at it: that is almost equal to all of the homes in Littleton and Boulder. When you think that the equivalent of two major cities along the Front Range traded hands in 2013, that is pretty impressive.

The number of sales jumped 16.7 percent from the 46,299 home sales in 2012, but the dollar volume rose by a whopping 28.5 percent. That is similar to the type of returns the stock market made last year, leading to headlines and water cooler chatter about how much money our 401(k)s rose last year.

By the numbers, a record $16.58 billion in homes sold last year. This not only eclipsed the $12.9 billion in 2012, but was $1.6 billion more than the previous record of $14.94 billion in total sales in 2005, in non-inflation adjusted dollars.

There was a lot of pent-up demand from consumers who wanted to buy their first home or move-up. One of the reasons that prices were so high is that consumers who were more confident with the economy and their own jobs had few homes to choose from last year.

At the end of December, there were only 7,706 homes to choose from. That marked the lowest inventory number for any December in history. Earlier in the year, there were so few homes on the market that bidding wars became an every day event. Homes in some hot neighborhoods were selling for tens of thousands of dollars more than the listing price.

For the sellers, of course, that was great. Especially since a few years earlier, during the Great Recession, no one was beating down their door to pay higher than the asking price. There were so many foreclosures and short sales available they were driving down the prices of homes that had equity.

Some people ended up on the losing end of a bidding war four, five or six times. No doubt some of those people were able to eventually find their dream home, while others took a breather from the frustrating and stressful time. Those in the latter category may very well be back in the market this year. And if the economy continues to pick up in 2014 as most economists and market watchers expect, there will be even more people who want to buy a home. However, if the economy does improve and unemployment continues to drop, it is all but certain that interest rates will rise.

That means if you are thinking at all to buy a home, don’t wait. Call me and let’s start looking for a home. The longer you wait, the chances are the more you will pay.

To find more information, photos, and current real estate market data for popular cities across the Denver Metropolitan Area, please visit our Metro City Info page on DenverRealEstate.com

To see this information in graphic form click here.

Market Movers

Last year was truly one for the record books, as home sales set records for prices and sales..
Read more >>

It’s almost hard to believe that Denver could show a 9.5 percent, year-over-year gain in home prices and only be ranked 15 out of 20 cities in the latest Case-Shiller index. But local Realtors are glad Denver is not showing the huge gains of other cities, such as Las Vegas and Phoenix.
Read more >>

Twenty story condos could be built at the former hospital site at St. Anthony’s by Sloan’s Lake. Some neighbors love the idea, others hate it.
Read more >>

Despite anticipated rising interest rates, economist are predicting a “resurgent housing sector” will lead a strong economy this year.
Read more >>

New home sales activity remains brisk in the metro area, with permits up 22.3 percent in November when compared with the first 11 months of 2012.
Read more >>

It’s not just downtown. Cherry Creek North is experiencing its biggest building boom in decades.
Read more >>

It was the best November on record for home prices, according to a report from Metrolist.
Read more >>

Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Denver, Denver Housing, Denver Market Watch, Denver Residential Real Estate, Greenwood Village | Leave a comment

Super Joe Hubert Is Back with the LTGC Market Recap for 2013

Posted on January 12, 2014 by Dee & Tom Cryer

Super Joe Hubert

Hi Tom, Happy New Year! I’m sure we can all agree that 2013 was an amazing year in real estate for the Denver market. Records were hit that haven’t been seen in decades. Denver has become known not just for its record breaking quarterback but also as one of the top cities that made the biggest housing comebacks in 2013. Featured in this month’s newsletter is a recap of the year in review for the Denver metro market based on data from Metrolist Inc. Many zip codes across the market saw large increases in the number of homes sold and average sold price.

Land Title looks forward to helping you grow your business for another amazing year in 2014!Go Broncos!Sincerely,

Joe

MLS Report: 2013 Detached Single Family Metro Denver Market Summary

Click here for the 2013 Detached Single Family Market Stats Zip Code Summary Click here for the 2013 Detached Single Family Market Stats Summary Top 5 zip codes with Increases in Homes Sold 2012 vs. 2013

80215 – 54.2% increase in homes sold
80260 – 48.7% increase in homes sold
80021 – 46.4% increase in homes sold
80007 – 44.3% increase in homes sold
80018 – 42.1% increase in homes sold

Top 5 zip codes with Increases in Average Sold Price 2012 vs. 2013

80204 – 27.5% increase ($237,027 in 2013)
80010 – 26.1% increase ($136,295 in 2013)
80221 – 23.4% increase ($184,785 in 2013)
80231 – 23.1% increase ($436,969 in 2013)
80011 – 20.7% increase ($156,124 in 2013)

Top 5 zip codes with Decreases in Average Days on Market 2012 vs. 2013

80230 – 61.0% decrease (40.1 average days on market in 2013)
80122 – 55.8% decrease (34.1 average days on market in 2013)
80209 – 53.8% decrease (37.2 average days on market in 2013)
80033 – 53.7% decrease (38.7 average days on market in 2013)
80130 – 51.3% decrease (24.2 average days on market in 2013)

Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist, Inc. Does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market. Current Week Foreclosure List: January 10, 2014 in Excel January 10, 2014 in PDF Thanks Joe!

Posted in Buying or Selling Real Estate, Centennial, Cherry Hills Village, Colorado, Denver, Denver Housing, Denver Market Watch, Denver Positive Perspective May 2009, Denver Real Estate, Denver Residential Real Estate, Greenwood Village | 1 Comment

Water, Water Everywhere Agreement 2013 Is a Huge Accomplishment!

Posted on January 8, 2014 by Dee & Tom Cryer

@Access_Water: RT @DenverWater: Historic #COwater agreement is official! Read about the cooperation & benefits for all of Colorado: http://t.co/JAmmeM2MB5