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inventory: It’s Not Much Fun Being A Buyer’s Agent These Days. By Dan Polimino. - 05/01/12 12:15 AM
Since the real estate market crashed in 2008, the best position to be in would have been a buyer’s agent. After all, for the last five years, buyers have been in the driver’s seat in Denver. They had the low interest rates, low prices, and plenty of choices in homes. Since there were so few of them, they could name their price and get it. In essence, they had all the power while the sellers had none, and boy did the sellers feel it. 
Fast-forward to present day and it’s a whole new world in Denver. Being a buyer’s agent … (5 comments)

inventory: Act now! 10 major housing markets with the shortest supply of homes - 04/10/12 02:14 AM
Denver
Decline in inventory: 42%
This mountain-high city never experienced the highs and lows in home values that its coastal counterparts did. And now, with rents rising and vacancy of just 2%, more apartment-dwellers are taking the plunge into homeownership, local broker Gary Bauer says.
This city's inventory in February was down 42% from the same period a year earlier, at just 10,086 units. The number of homes going under contract spiked 19% between January and February of this year as buyers raced to take advantage of low interest rates and relatively low prices.
"I'm not sure what magic thing happened … (6 comments)

inventory: We Are Blessed In Colorado. By Dan Polimino. - 03/13/12 06:07 AM
Being in the real estate business, I hear people grumbling all the time about the market. It comes from buyers, sellers, and agents. I often wonder if they really know how blessed we are in Colorado compared to other real estate markets across the country. 
I heard a story of man in Las Vegas that sold his BMW for $30,000. He then took that money and bought not only one, but TWO $15,000 condos. Each condo was a relatively new build, two-bed and one-bath. He rented each condo for over $900 a month and in his first year made almost … (1 comments)

inventory: Happy Real Estate New Year 2012. By Dan Polimino. - 01/03/12 05:37 AM
Ok, it’s that time of year again to rub my crystal ball and foretell the coming year in real estate. I should disclose that I am not a professional crystal ball reader so take this interpretation for what it’s worth (totally free, unscientific guess). 
First, it’s important to note (like you don’t already know) that this is an election year and that means nothing will be normal. If we look back at past election years, we see people being very conservative, playing it close to the vest, not making any big decisions or purchases until they know whom their elected officials … (0 comments)

inventory: Fixing and Renting. By Dan Polimino. - 11/08/11 08:07 AM
If you read my column from last week, you would know that I was talking about how hard it is right now to find a good fix and flip home. Inventory is so low that contractors cannot find enough good homes to buy to sustain their fix and flip market. I have resorted to knocking on doors of duplexes that are not even listed for sale. If you want to re-read that column, go to coloradodreamhouse.com/news.
This week, I want to talk about whether or not you should fix and flip the house or fix and rent. Fix and flip has … (0 comments)

inventory: This Year's Summer Trends. By Dan Polimino. - 10/18/11 07:21 AM
There is no question that Denver enjoyed a good summer selling season. The combination of low inventory, good prices, low interest rates, and pent up buyer demand has most brokerage firms well ahead of last year’s numbers. Even the luxury market made good in roads at moving product and reducing inventory. 
If you look at the data from Metrolist this summer, you'll see that the sweet spot in the luxury market was 1 million to 1.5 million dollars. That is the bandwidth where the majority of sales occurred. When you get over 1.5 million dollars, you see fewer and fewer sales … (0 comments)

inventory: Absorption Rate Pricing. By Dan Polimino. - 10/11/11 07:22 AM
What is absorption rate pricing? Here is a quick definition: Absorption rate pricing answers the question, "How many months will it take to sell all the homes in my area at the current rate?" If the answer is a high number, the seller better be ready to price their home aggressively and ahead of the competition, or plan on it sitting until other homes are bought up ahead of theirs. 
To figure out the absorption rate of homes selling in your neighborhood, all you need is a simple equation. First, find out the total number of active listings (homes currently for … (1 comments)

inventory: Don't Expect Many More Homes On The Market - 06/22/11 04:50 AM
http://www.coloradodreamhouse.com/index.php/news/ In this week’s market update Fuller Sotheby's Agent Dan Polimino tells buyers not to wait for more homes to come on the market this summer. If it's not for sale now chances are it will not be for sale this summer. To find out why watch this week's market update with Dan Polimino.
… (0 comments)

inventory: The Train Is Leaving the Station. By Dan Polimino. - 02/22/11 06:43 AM
I want to dispel one myth right away, and that is, Realtors do not utter the sentence “It’s a great time to buy” 365 days a year. At least I don’t, and the reason why, is simply because I do not want to be the boy that is constantly crying wolf. When I think that there is a real opportunity to buy and my clients should take advantage of it, I want them to REALLY listen to me. If I am always trotting out the old “you really should buy now” mantra, then pretty soon, it will fall on deaf ears. … (0 comments)

inventory: Critical Information to my Home Buyers - 02/11/11 04:30 AM
Hi Everyone:
I have been working on a newspaper column for the Denver Post and I am uncovering some critical information that I thought I should pass on to my home buyers NOW before the column comes out. I think the column will be entitled “The Train is Leaving the Station.” There are too many signs right now that buyers are ready to jump into the market and start buying quickly.
1. Cash buyers are coming in to the market quickly and buying big junks of properties. Please read the story I have attached below from the Wall Street Journal from … (4 comments)

inventory: Three Perspectives…Which Is Yours? By Dan Polimino. - 01/18/11 04:30 AM
Here we are, only three weeks into the New Year and already my phone is ringing off the hook with that old familiar question, “Dan, what is the real estate market going to do this year in Denver?” Just three weeks ago, I wrote a column entitled, “New Year’s Forecast.” In that column, I addressed seven points from jobs to short sales and what I thought had to happen in 2011 for a significant recovery. If you would like to go back and re-read that column, you can at www.coloradodreamhouse.com/news.
I won’t take time here to reiterate the same points … (2 comments)

inventory: What A Difference A Year Makes. By Dan Polimino. - 06/07/10 04:14 AM
The other day, I was taking a glance at the recent MLS statistics and it jumped out at me the startling difference in stats compared to one year ago.
Let’s take a minute and talk about some key indicators in the real estate market and what the data from Metrolist tells us about the health of local real estate.
First, inventory has been stable and it’s been remarkably low. For at least the last 18 months, we’ve been hearing rumor after rumor from “industry insiders” that banks were getting ready to flood the market with a massive amount of foreclosures. I … (2 comments)

inventory: Staging Is More and More A Must. By Dan Polimino. - 04/19/10 08:35 AM
If you’ve noticed all this month, I have been staying with a central theme which is “sell your home now.” In the first week of April, I wrote about pricing it right, the second week, I tackled what to do if you are not getting offers. In week three this month, I took a look at inventory in the luxury market and what to do if you are selling a home in that price point. If you would like to re-read any of those columns, you can at http://www.coloradodreamhouse.com/index.php/news/. This week, I want to close out the series talking about staging … (2 comments)

inventory: Greatly Exaggerated. By Dan Polimino. - 04/12/10 06:35 AM
If you have followed my column for a while now, you would know that I represent a fair amount of luxury properties and their sellers. I hear a lot of rumors about the luxury market and given the economy, most of the information I hear is negative. Being both a journalist and a realtor, I decided that it was time to do the right thing and investigate the issue for myself.
Over the last several months, I have been hearing horror stories about there being 5 years, or 10 years, or 12 years of luxury property inventory on the market. After … (3 comments)

inventory: Fuller Sotheby's agent Dan Polimino talks about this weeks market update for Denver, Colorado - 12/03/09 03:51 AM
Fuller Sotheby's agent Dan Polimino talks about this weeks market update for Denver, Colorado. Dan talks about the market slowing down for the Holidays and inventory levels. He also says the perfect buying storm is shaping up for the New Year. … (1 comments)