Monthly e-News December, 2010

 

Kentwood Real Estate – Market News – December 2010
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 ofDenverHomes.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 theDenverRealEstate.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 ofDenverHomes.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!
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

 
 

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.

2 Responses to Monthly e-News December, 2010

  2. a says:
    June 19, 2014 at 2:22 am

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