Highlands Ranch Colorado Real Estate by Denver Realtor

This home explodes with volume as you walk in! Glorious vaults and openness greet you, as well as an art Continue reading

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Denver Relocation Testimonial for Denver Realtor Pete Doty

Denver Realtor,Relocation Client,west wash park

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Denver Realtor reports from Cyberstar Summit in Fort Worth

Denver Realtor talking about learning new stuff www.denverrelocation.com

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Denver Realtor ponders “what is this spreadsheet telling me?”

I stare and stare and wonder what it is that is supposed to be plain and obvious in front of my face. Ever been there? Well, once a month I subject myself to that to make sure I am staying current with the Denver Real Estate market.

At the very beginning of this year the local MLS provider published some figures for last year. Admittedly, their data must be flawed because they always post early in the cycle. But they are consistently bad, so I guess that is good. An example: MLS data indicated on 1/3/2012 that 1857 single family homes sold in December and on 1/24/2012 that number was 2184 (my personal search criteria on 2 different dates).

Anyway, what I was going googly eyed over was this real estate listing and sale data in Denver. 2 things I saw after a while…1: when the average number of active listings went down below 10,000, the average price started to climb and 2: The actual number of closed sales also tends to increase? Fewer listings but more sales? Only in Denver!

Some folks have focused on the average asking to the average sale price thinking there is a correlation… and I am here to say there are more folks dreaming big and testing the water when the market proves to be upwardly mobile.

Year # Active Average Asking Price # YTD SOLD Average SOLD Price
1984 18142 98678
1985 19430 98071
1986 20002 100612
1987 19777 105771
1988 18240 101577
1989 11846 121696 19272 103868
1990 9869 140245 20476 102766
1991 8563 151705 21547 109071
1992 7922 157538 27215 115154
1993 6282 196067 30763 126168
1994 7028 230011 29710 138301
1995 7984 238346 27810 150736
1996 8708 237997 29522 159328
1997 8866 249318 30981 169587
1998 8063 276971 35139 185785
1999 6571 306958 35500 208296
2000 6898 353590 37012 239779
2001 9247 360826 35888 257394
2002 15190 357050 36272 268926
2003 15498 355900 36677 277856
2004 14332 370038 41682 289971
2005 16428 381777 41365 307529
2006 18109 331231 39208 317112
2007 18709 424390 38845 310418
2008 14995 511601 37988 270261
2009 12263 496675 33114 264803
2010 13941 409416 30777 282080
2011 8854 470408 31437 279858

Let me know your thoughts…Is it time to buy? Time to sell? How could I help you?

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Make some money this year ;-)

If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today!

If you had purchased $1,000 of shares in AIG one year ago, you would have $33.00 today.

If you had purchased $1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today.

But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned-in the aluminum cans for recycling, you would have received $214.00.

Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.

A recent study found that the average American walks about 900 miles a year. Another study found that Americans drink, on average, 22 gallons of alcohol a year. That means that, on average, Americans get about 41 miles to the gallon!

Makes you darned proud to be an American!!!

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Denver Realtor s Seattle waterfront

Model railroad in Denver/Highlands Ranch

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Morrison Colorado Home for sale by Denver Realtor

Denver Home for sale

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No homes to buy in Denver?

Denver Realtor explains the current market


Now here is that data I promised you. Note how the number of sales increase when inventory is down

# Active Average Asking Price # YTD SOLD Average SOLD Price
18142 98678
19430 98071
20002 100612
19777 105771
18240 101577
11846 121696 19272 103868
9869 140245 20476 102766
8563 151705 21547 109071
7922 157538 27215 115154
6282 196067 30763 126168
7028 230011 29710 138301
7984 238346 27810 150736
8708 237997 29522 159328
8866 249318 30981 169587
8063 276971 35139 185785
6571 306958 35500 208296
6898 353590 37012 239779
9247 360826 35888 257394
15190 357050 36272 268926
15498 355900 36677 277856
14332 370038 41682 289971
16428 381777 41365 307529
18109 331231 39208 317112
18709 424390 38845 310418
14995 511601 37988 270261
12263 496675 33114 264803
13941 409416 30777 282080
8854 470408 31437 279858
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Home of Denver Equestrians

Denver Equestrians Home

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Fear Factor? 8088 versus 13112

Most folks are scared to make a move. They just do not trust the economy, the government, the times and are worried that if they make a move, they could lose it all. And frankly, I know how they feel…I am worried too. But not about the local Denver Real Estate Market. My worries are for my kids, and how confusing these times are for them.

FEAR FACTOR? I am not a fan of the show, but I seem to remember that you get a great reward if you face the fear, and sometimes throw yourself into it! GREAT REWARD? Hmmm. Just drawing a picture so bear with me…

January 3, 2011 there were 13,112 single family homes on the market.

January 3, 2012 there were 8,088 single family homes available on the market.

AND, in 2011 we sold AND CLOSED more single family homes than we did in 2010. The average sale price varied less than one percent…neighborhood is the difference. The trend continues… do not wait.

If you do not trust a Realtor, you won’t do business with them. Here is one way to get to know me, a little better…in this video.

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