Showing posts with label denver colorado real estate. Show all posts
Showing posts with label denver colorado real estate. Show all posts
Monday, July 09, 2012
Wildfires to Monsoons
Two weeks ago we were have horrendous and devastating wildfires with over 500 homes lost on the front range. Today downtown Denver has already received 1.2 inches of rain and a highway in the High Park burn area suffered a mudslide. I suspect the 4 day total is close to 3 inches of rain. Flooding in downtown and in the low areas. Be careful.
Where to live? On a hill in the grasslands away from the trees. Better to have a mountain view. Rain can soak in and the burnable material is far less. MOST of metro Denver fits these parameters.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Wednesday, July 20, 2011
Denver Real Estate Sales Edge UP
As a Denver Realtor every month I do a quick analysis of the Metrolist (multiple listing service) sales data as well as new listing data for single family homes in metro Denver. This month, to show you what the real estate market is like in Denver, I did a short video...hopefully it will explain my excitment. This market is already taking off!
As I meet with folks trying to buy a home here, after all the national news of how bad the real estate market is, it is hard to explain that we are just a hair away from being in a full blown SELLER's MARKET! That homes are selling fast and there is very little inventory, as a matter of fact there were only 13,873 single family homes for sale in all of metro Denver on the 15th.
When a market shifts like it did in 2004, it can be very sudden to the point that the feeling of being left behind can be prevalent. And while a home search may not be all fun and games, the rewards of getting to the right house fast can make all the difference. So when you want to find a house to make a home here in Denver, or Highlands Ranch, or Littleton, or Centennial, or Englewood...call me.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
As I meet with folks trying to buy a home here, after all the national news of how bad the real estate market is, it is hard to explain that we are just a hair away from being in a full blown SELLER's MARKET! That homes are selling fast and there is very little inventory, as a matter of fact there were only 13,873 single family homes for sale in all of metro Denver on the 15th.
When a market shifts like it did in 2004, it can be very sudden to the point that the feeling of being left behind can be prevalent. And while a home search may not be all fun and games, the rewards of getting to the right house fast can make all the difference. So when you want to find a house to make a home here in Denver, or Highlands Ranch, or Littleton, or Centennial, or Englewood...call me.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Tuesday, May 24, 2011
Denver housing statistics...what to look at
I have been tracking the multiple listing service data here in Denver for about 11 years.
It seems to me there are 2 key indicators that indicate the health of the Denver real estate market.
(See a month to month comparison here). See the annual trends here and the way NEW Listings have declined here
ONE: The number of sales each month compared to the same month the year before: an increase is good a decrease is bad.
TWO: The number of new listings coming on the market each month: Fewer means fewer folks "testing" the market and a lower supply: GOOD. More means more folks "hoping" to get their price: BAD. I guess the optimism factor has to be looked at too, however that could mess up my neat little way of looking at things.
What I do know is that for the first time in a long time, as a Buyer's Agent the buyers I am representing are in a situation where they could be, and were facing competing offers. Good for the Seller, not so for the Buyer. This happened in the City of Denver and in Highlands Ranch. Simply, I have to know the feel of the market. You do not want to be surprised by loosing a home due to another offer, nor do you want them to over pay for that same home. In the late 1990's we used to say "The best deal we can get for you is to get you there first". That time could be very close.
Here is the unabashed sales pitch...you need an experienced Realtor to represent your interests when you buy a home in metro Denver Colorado, or anywhere else.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
It seems to me there are 2 key indicators that indicate the health of the Denver real estate market.
(See a month to month comparison here). See the annual trends here and the way NEW Listings have declined here
ONE: The number of sales each month compared to the same month the year before: an increase is good a decrease is bad.
TWO: The number of new listings coming on the market each month: Fewer means fewer folks "testing" the market and a lower supply: GOOD. More means more folks "hoping" to get their price: BAD. I guess the optimism factor has to be looked at too, however that could mess up my neat little way of looking at things.
What I do know is that for the first time in a long time, as a Buyer's Agent the buyers I am representing are in a situation where they could be, and were facing competing offers. Good for the Seller, not so for the Buyer. This happened in the City of Denver and in Highlands Ranch. Simply, I have to know the feel of the market. You do not want to be surprised by loosing a home due to another offer, nor do you want them to over pay for that same home. In the late 1990's we used to say "The best deal we can get for you is to get you there first". That time could be very close.
Here is the unabashed sales pitch...you need an experienced Realtor to represent your interests when you buy a home in metro Denver Colorado, or anywhere else.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Monday, August 30, 2010
Houses still selling
In Denver, in July, 2185 homes sold, prices are up, days on market are down and the number of sales year to date is also up. What the press and the National Association of Realtors did not tell you is that July almost always "slumps" compared to June. Here is the chart of sales in Denver since 1999 http://www.denverrelocation.com/DenverStatisticschart.html.
OK, I have stomped that to death. What am I seeing out in the market? Buyers who have decided to take advantage are being cautious. Sellers are nervous. Homes not in top condition are languishing on the market while homes in good condition are selling quickly. Neighborhoods that have had prices stay steady if not edge up a bit have continued their slow climb while others that were more impacted by lower prices have rebounded a little more quickly.
As an example in July the "Denver" metrolist there was a 7.4% increase in average sale price while having the average days on market drop 14.3% and total sales for the year to date were up 1.2%. The Highlands Ranch and Lone Tree sections of that same MLS indicate a 2.7% increase in average sale price while days on the market fell 3.9% and the total sales were up 4.2% from the previous year.
Is there a sweet spot? Yes and no...with interest rates as low as they are most folks are figuring out a way to re-finance. The sellers that need to move get realistic quickly on their price and condition. But if there is a spot it is in the 330-450k range as those folks want to move up, but cannot until theirs sells.
The range that seems most active is still in the 200k area although I have great traffic on a 279k listing with lots of showings. And a 349k home that languishes. A year ago I said the sweet spot was the million plus market as the small builders were folding their tents and leaving them with the banks. Now I think the move up market is the prime target.
Pete Doty - Denver Realtor - A Full Time Licensed real estate broker since 1985. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
OK, I have stomped that to death. What am I seeing out in the market? Buyers who have decided to take advantage are being cautious. Sellers are nervous. Homes not in top condition are languishing on the market while homes in good condition are selling quickly. Neighborhoods that have had prices stay steady if not edge up a bit have continued their slow climb while others that were more impacted by lower prices have rebounded a little more quickly.
As an example in July the "Denver" metrolist there was a 7.4% increase in average sale price while having the average days on market drop 14.3% and total sales for the year to date were up 1.2%. The Highlands Ranch and Lone Tree sections of that same MLS indicate a 2.7% increase in average sale price while days on the market fell 3.9% and the total sales were up 4.2% from the previous year.
Is there a sweet spot? Yes and no...with interest rates as low as they are most folks are figuring out a way to re-finance. The sellers that need to move get realistic quickly on their price and condition. But if there is a spot it is in the 330-450k range as those folks want to move up, but cannot until theirs sells.
The range that seems most active is still in the 200k area although I have great traffic on a 279k listing with lots of showings. And a 349k home that languishes. A year ago I said the sweet spot was the million plus market as the small builders were folding their tents and leaving them with the banks. Now I think the move up market is the prime target.
Pete Doty - Denver Realtor - A Full Time Licensed real estate broker since 1985. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Monday, March 29, 2010
All press is good press
So did you see it?
I was in the Twin Cities (Minneapolis) paper!
For my business cards.
Take a look.
http://tinyurl.com/y8bv5d2
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
I was in the Twin Cities (Minneapolis) paper!
For my business cards.
Take a look.
http://tinyurl.com/y8bv5d2
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Thursday, March 18, 2010
Denver HOME PRICES RISE!
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Price rise across Denver for the 4th month
For 4 months now the Denver single family home average price has risen in February almost 14% from a year ago! Condominiums gained an average of 20% in value. Charts and graphs tell the story...so here they are. Draw your own conclusions but remember the ever present words: "supply & demand".
Don't Hunker Down! Join US!
Price rise across Denver for the 4th month
For 4 months now the Denver single family home average price has risen in February almost 14% from a year ago! Condominiums gained an average of 20% in value. Charts and graphs tell the story...so here they are. Draw your own conclusions but remember the ever present words: "supply & demand".
Free Food and Expand YOUR Business
March 24 2010 at Marie Callender's Restaraunt in Littleton
You are INVITED MIXER March 24th
We would love to have you join us at our Leads Club Mixer Wednesday, 5-7 at Marie Callenders at Broadway & Dry Creek. Lisa Benson, President of Leads Club from Carlsbad will be our
special guest. Free Food and a Cash Bar, plus you get to network and meet a group that has over 16 years experience at this kind of networking. Take a look at:
http://www.youtube.com/watch?v=5Y0D2oMN3QQ
March 24 2010 at Marie Callender's Restaraunt in Littleton
You are INVITED MIXER March 24th
We would love to have you join us at our Leads Club Mixer Wednesday, 5-7 at Marie Callenders at Broadway & Dry Creek. Lisa Benson, President of Leads Club from Carlsbad will be our
special guest. Free Food and a Cash Bar, plus you get to network and meet a group that has over 16 years experience at this kind of networking. Take a look at:http://www.youtube.com/watch?v=5Y0D2oMN3QQ
Don't Hunker Down! Join US!
Pete Doty is A Full Time Licensed Colorado real estate broker since 1985. I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
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