The excitement for an increase in inventory is never long lasting for a Colorado real estate agent. It has been a heck of a roller coaster ride for a few years now. Just when the market looks like we are going to add a positive gain in inventory we go and sell all the existing listings. It is a wonderful thing for the sellers but it is rather annoying for our buyers out here. The other day I was talking to my buddy at Caliber Home Loans, Mike Sadowski, and we were looking at the new listings vs sales and we were kind of excited about what the numbers were showing. Then looking at it today and we basically sold those and then some! Instead of breaking it down to Evergreen, Conifer, Golden and Denver this week we will look at the Denver real estate market as a whole. We see on the chart to the right the numbers for the entire Denver MLS for residential activity over the last 7 days. This chart is pretty similar to what we have seen for years now. The market is seeing a drastic difference in new listings to sales ratio. One interesting thing we see is all the indicators show a strong sellers market still. All but one. There were a lot more price Decreases than normal. This is showing the market that buyers will buy if the price is in the proper range. Not over paying though.
Zillow is one of the worst companies ever thought up. It has been a company that has no regard for either their customer (as a person searching on the site you are not the customer customer is real estate agent that buys your information. More about that in a second) or the public. Let’s start with how they screw the real estate agents. Why should that matter to you? Well Orson Hill Realty is a premier agent for Zillow. We have great Zillow reviews but that and $5 will buy you a cup of coffee. When an agent pays $1000s of a month to be a premier agent that cost is passed on to the consumer. It is hard for some agents to afford to be on Zillow and reduce their rates for sellers. Luckily we do not have that problem here at Orson Hill but I have had conversations with plenty of other Zillow advertisers. That is all Zillow is, a company that people advertise on and Zillow sells your information to the highest bidder.
Ask any real estate agent in the Denver Foothills and they will tell you the same thing, it has been a crazy couple years but things seem to be calming a bit. There has even been some chatter about a buyers market. Those two words have not been put together in the the Denver […]
Evergreen Luxury Real Estate If you ask any luxury real estate agent in Evergreen, Colorado you will hear the same thing, The luxury market is thriving more that ever. We are seeing an influx of high end home buyers in the entire Denver Foothills area. We are seeing more money coming into Denver and with the easy […]
Is the market starting to level off and give the buyers a little more control? Came across some very interesting data today while drinking my morning coffee. There have been a lot of price reductions notifications coming across my desk the last week or two. This has been very uncommon lately. For a very long […]
The 6 Most Beautiful Luxury Homes in the Denver MLS It is always nice to dream. It is great to be able to look at beautiful luxury homes. That is why being a luxury Realtor is such an amazing job. A luxury agent gets to see some of the greatest homes on the market. The […]
Cherry Hills Village Real Estate Market News May 2018 The value of homes in Cherry Hills Village have always been higher than most of the Denver area. The number of active listings in Cherry Hills Village, just like the rest of Colorado, have drastically decreased in the last 5 years. Summer 5 years ago there […]
How listings agents figure the price of a home One of the most difficult things for a listing broker to do is to figure out the value of a listing. There are problems if you price the home too high and obvious problems if you price the home too low. If you price the home […]
The top 10 luxury listings in Evergreen, CO There are a ton of luxury homes in Evergreen, CO. Some locals say that every home in Evergreen is luxury. That is true if you consider one of the most beautiful places in the country being luxurious. These luxury homes aren’t necessarily in order of price but […]
Making your listing the best one one on the block When a buyer and Realtor walks into your home when it is listed they usually know immediately if you have pride in your home by how well it is kept up. Buyers are more motivated to make an offer on a listing if they can […]