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Kentwood Real Estate – Market News – December 2010

Tom Cryer

Compliments of Tom Cryer, SCRP


Market News

Kentwood Real Estate Acquires DenverHomes.com

Kentwood Real Estate, Colorado’s Premier Real Estate Company, has acquired the DenverHomes.com Internet domain name in a strategic move that will advance the company’s already leading website presence. The acquisition of DenverHomes.com for real estate searches online will further position Kentwood Real Estate as the best local Internet brand.

Over the past two years, Kentwood Real Estate has acquired the DenverRealEstate.com and HomesinDenver.com Internet domain names to enhance its search engine dominance in metro Denver’s real estate business. The acquisition of DenverHomes.com subsequently places the top three real estate domain names under Kentwood Real Estate ownership.

“We now own the top real estate domains in Denver that are aligned with the top keyword search terms,” said Peter Niederman, Chief Executive Officer of Kentwood Real Estate.  “We now enjoy a total of nearly 160,000 keyword searches each month and a total of 36.4 million monthly keyword search results.  Kentwood Real Estate consistently enjoys the number one position of Google searches.  DenverRealEstate.com will remain our website, with the other domains forwarded to the site.  This latest acquisition of DenverHomes.com is another important reason for customers to use Kentwood for real estate services over other real estate companies.”

According to Niederman, the acquisition of DenverHomes.com should increase web traffic significantly.  Currently, Kentwood Real Estate has nearly 50,000 visits each month, with a company goal of more than 100,000 visits per month over the next two years.  The acquisition of DenverMoves.com earlier this year was designed to increase traffic to the firm’s relocation department on DenverRealEstate.com.

Studies conducted by the National Association of Realtors show that approximately 90 percent of all prospective homebuyers begin their search for a home on the Internet.  All major search engines will now send home shoppers directly to Kentwood Real Estate.  The importance of being consumer-centric will enhance seller benefits through increased unique visitor web traffic, and the buyer user-interface provides the ability for quick and comprehensive search through Google’s interactive satellite mapping.

Kentwood and Active Website, a leading website design firm that provides real estate technology for market leaders, have been pursuing an aggressive search engine strategy for the past three years.

Residential Market Data
November 2010 This Month Prior Month Year Ago
Active 15,232 16,473 13,575
Under Contract 2,482 2,957 2,727
Sold 2,142 2,280 2,751
Average Sold Price $281,466 $287,048 $265,498
Months Supply 7.11 7.23 4.93
Condominium Market Data
November 2010 This Month Prior Month Year Ago
Active 4,649 4,887 4,486
Under Contract 619 749 717
Sold 524 562 848
Average Sold Price $165,113 $159,119 $152,409
Months Supply 8.87 8.70 5.29
*Based on information from Metrolist, Inc. for the Denver housing market for the period 11/1/10 to 11/30/10. This representation is based in whole or in part on content supplied by Metrolist, Inc.

Market Movers

  • Case-Shiller, Denver No. 9 for home value changes in September.
    Read more >>
  • Colorado also ranked ninth among states for its ability to thrive in the “New Economy”
    according to the 2010 State New Economy Index report by two foundations, Information
    Technology & Innovation and Ewing Marion Kauffman.
    Read more >>
  • Home rental vacancies are at a record low in the Denver area, making investment properties
    extremely attractive.
    Read more >>
  • The Denver metropolitan area is within 0.1% of replacing the jobs it lost in the past year,
    reports an economist.
    Read more >>
  • Colorado is the third best state for businesses wanting to export solar power, according to
    a report by an Arizona State professor.
    Read more >>
  • Mortgage rates are still low, hovering near 5%. The rise from historic lows may signal a
    time to buy or refinance.
    Read more >>
  • Downtown Denver’s 14th Street is undergoing a $14 million Renaissance.
    Read more >>
  • The University of Denver is named one of the best private college values in the U.S. by
    Kiplinger’s Personal Finance.
    Read more >>

The Cryer’s has a great ski day in Vail over Thanksgiving!Cryer's in Vail 12-2010


Tom Cryer

Tom Cryer, SCRP

Realtor – Broker Associate

The Kentwood Company

5690 DTC Blvd. #600W

Greenwood Village, CO 80111

303.773.3399 Ext: 299 (Office)

800.723.7653 (Toll Free)

303.638.3202 (Cell)
Tom@DenverRealEstate.com

Kentwood Real Estate Logo

If your home is currently listed, please disregard this notice as it is not our intention to solicit other brokers listings. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kentwood Real Estate shall be responsible for any wrong information.
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November eNews Header ImageKentwood Real Estate – Market News – November 2010 Tom Cryer
Compliments of Tom Cryer, SCRP

Market Analysis

Denver Area Real Estate Market Update

Home buyers in metro Denver purchased $743,894,318 million in single-family and condominium homes in October and $8.52 billion during the first ten months of 2010 compared to $945,119,608 million and $10.2 billion for the same periods in 2009. The current monthly Denver MLS sales volume was down 21.3 percent compared to October last year.

The average sales price in Denver for single-family residential was $287,048 compared to $261,771 in 2009, which equals a 9.7 percent increase year-over-year for the month of October. Unfortunately the month’s supply of homes grew to 16,473 versus 14,376  in the same month one year ago.

The active listing inventory will likely continue to increase as the banks draw upon their shadow inventory which is attributed to the growing number of short sales and foreclosures. Most recently, some banks have taken the position to withhold their inventory and subsequently not flood the market and create additional pressure on housing prices.

The following Denver area statistics are for October 2010 versus 2009 on a year-over-year and year-to-date basis for single-family residential real estate:

  • 7.23 months supply of homes versus 4.71 months (+35%)
  • 16,473 active listings versus 14,376 (+14.6%)
  • $287,048 average sales price versus $261,771 (+9.7%)
  • 2,280 closes sales-month versus 3,052 (-34%)
  • $654,469,440 million closed sales volume-month versus $798,925,092 (-18.1%)
  • 26,213 closed sales year-to-date versus 33,114 (-20.8%)
  • $8.52 billion closed sales volume year-to-date versus $10.2 billion (-16.5%)
Residential Market Data
October 2010 This Month Prior Month Year Ago
Active 16,473 17,625 14,376
Under Contract 2,957 2,936 3,800
Sold 2,280 2,321 3,052
Average Sold Price $287,048 $290,025 $261,771
Months Supply 7.23 7.59 4.71
Condominium Market Data
October 2010 This Month Prior Month Year Ago
Active 4,887 5,255 4,569
Under Contract 749 709 1,110
Sold 562 637 906
Average Sold Price $159,119 $154,913 $161,451
Months Supply 8.70 8.25 5.04
*Based on information from Metrolist, Inc. for the Denver housing market for the period 10/1/10 to 10/31/10. This representation is based in whole or in part on content supplied by Metrolist, Inc.

Market Movers

  • Forbes ranks Colorado fourth as a Best State for Business and No. 1 for labor supply.
    Read more >>
  • Denver Named a Real-Estate Market to Watch. Metro Denver has been named one of the country’s top markets to watch next year in the new Emerging Trends in Real Estate 2011 report.
    Read more >>
  • Colorado Among Top States Where Americans Want to Live. Colorado ranks No. 4 among the 50 states in a survey asking Americans where they would most like to live, up from fifth place last year.
    Read more >>
  • Denver’s LoDo Named One of 10 Great Neighborhoods in U.S. Lower Downtown Denver has been named one of the 10 Great Neighborhoods for 2010 by the American Planning Association, the group said October 13th.
    Read more >>
  • Mortgages Hit Lowest Levels Since 1950s: Thirty-year fixed mortgages slipped to 4.27 percent this week, the lowest on records dating back to 1971, from 4.32 percent the week of October 6th.
    Read more >>
  • Massive Housing Development Proposed Near Highlands Ranch. DOUGLAS COUNTY – It’s a nearly $4.3 billion community that would create countless jobs, a new school and an impressive commercial development.
    Read more >>
  • SkyFuel Inc., a solar-power company, is moving its corporate headquarters to Jefferson County from Albuquerque.
    Read more >>

Town CryerMyTownCryer
MyTownCryer will give you access any question you might about me, a list of testimonials from past clients and customers, the ability to search active listings in the MLS System and it will keep you up to date on Denver Real Estate by subscribing.Also, it offers us a forum from which we can discuss topics, comment on current events in Denver Real Estate and share experiences from restaurants to contractors.


Tom Cryer Kentwood Real Estate Logo
If your home is currently listed, please disregard this notice as it is not our intention to solicit other brokers listings. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kentwood Real Estate shall be responsible for any wrong information.
Equal Housing and Realtor Logos
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One Response to e-NEWS

  1. Hi, everything is going nicely here and ofcourse every one is sharing data, that’s in fact good, keep up writing.

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