Real estate blog entries tagged with inventory by Colorado Dream House Team, Real People. Real Professionals. Real Estate (Keller Williams Realty DTC)

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inventory: You Are Still Missing The Double Whammy By Dan Polimino - 07/07/14 07:18 AM

It’s been a well-known seller’s market for some time now in Denver. Even builders have buyers over a barrel since there is so little re-sale inventory. This is much to the dismay of many buyers in the market.
I have heard this many times before from buyers, “Dan, I feel like I am buying at the top of the market.” Maybe it’s not quite yet the top of the market, but certainly soon. It is true that home prices are higher now than back at the peak in 2006. If your plan is to wait until home prices come down, I don’t think that’s … (0 comments)

inventory: How Big Is April Through July? By Dan Polimino - 06/03/14 07:23 AM

You have heard real estate agents say the prime selling season in Colorado is April 1st through July 31st? Well, it’s true; but just how big are those four months when it comes to selling a home in Colorado?
Let’s take a look at last year as an example. It was a record year of 54,000 plus single-family homes and condos that got sold. Of that number, 47% were sold between April 1st and July 31st. That means almost half of all homes and condos that sell do so in those four months.
In case you have not gotten your home on the market yet, you still … (1 comments)

inventory: Winter Real Estate. By Marc Bayes. - 12/03/13 09:57 PM

Winter is coming. While it’s a great tag line for Game of Thrones it’s also an inevitable reality for us in Colorado. With winter comes the second selling season for real estate and with snow in the air it’s right around the corner. I wanted to lay out expectations for both buyers and sellers as we move into the colder snowy months of real estate.
Winter real estate comes with ups and downs just like any other season. The first big expectation for buyers to have is an extreme lack of inventory. We’ve already experienced a lack of inventory over the last two years but … (0 comments)

inventory: Can I Get A Better Deal? By Dan Polimino. - 11/25/13 09:26 PM

Happy Thanksgiving Everyone! I hope you are having a wonderful Holiday weekend.
Some buyers were thinking about purchasing a home and wanted to know if they should buy and close in December or in January. Basically, they wanted to know if they would get a better deal if they closed before the end of the year. I said yes, they very well could get a better deal if they closed before the end of the year and here’s why:
If you’re looking at a bank-owned property or a builder, they would love to get as much inventory off of their books before the end of the … (0 comments)

inventory: What’s the Plan to Sell Your Home in 2014? By Dan Polimino. - 11/11/13 08:33 PM

The Holidays will be here before you know it. We will all be toasting eggnogs, opening presents, and returning that terrible sweater to the shopping mall before you know it. New Year’s Eve will be a blink of the eye and it’s Hello 2014. So what is a potential strategy for someone looking to sell his or her home in 2014? Here are a few ideas:
1) Wait until around January 15th before putting your home on the market. People have what I call the ‘Holiday Hangover’ for about two weeks after New Year’s Eve. The market will start to pick up again by around mid-January.
… (1 comments)

inventory: Maybe I Should Wait Until Spring. By Dan Polimino. - 10/07/13 09:50 PM

“I thought about putting my house on the market this fall, but maybe I should wait until spring?” I have heard that a few times this past September, but are you sure you want to do that? Before you make that decision, I think that you should consider the following:
1) There most certainly will be more inventory on the market come next April. More inventory means more choices for buyers. More choices mean that the leverage and balance of power sways toward the buyer. The final analysis is that the seller gets neither the full price nor close to asking … (2 comments)

inventory: Online Home Search. By Marc Bayes. - 09/10/13 11:03 PM

It’s September 11,2013 and you’ve decided today is the day you’ll being your online home search. You’ve dabbled with the idea of buying a new home but you’re ready to go online and see what homes are for sale right now. I’m writing this because as of 2013 online home searches are up 253% over the past four years and 90% of the people buying today begin their search online.
Twenty years ago no one would have thought of doing an online home search for their new home. Today it’s how people search for homes. Most buyers only rely upon the … (0 comments)

inventory: Will There Be Balance Again In The Market? By Dan Polimino. - 07/22/13 11:16 PM

At the beginning of the month, I wrote an article about the S&P/Case Shiller numbers that were released at the end of June. The data showed a robust real estate market for the nation and Denver. In fact, the market started to turn into the sellers’ advantage about 24 months ago. The question is: how long will it stay this way? Four years ago, it was a buyers’ market. Now the pendulum has swung completely the other way to the sellers’ market. Will there be balance? To answer this question, let’s take a look at a few key issues.
1) Federal … (0 comments)

inventory: I Can't Find a Home. By Dan Polimino. - 06/03/13 10:12 PM

I never thought that I would hear the words "I can't find a home" from a buyer, but five years after the nationwide real estate crash, this seems to be a reoccurring theme. In April and May, there were only about 5,000 single-family homes on the market in the entire Denver MLS. That is historically low and shockingly sparse for a city of three million plus people. As the saying goes, "it is what it is," so how do we handle it going forward?
If you are buyer in a seller’s market, you need to find a top-notch agent. Listen… when … (1 comments)

inventory: Where to Build? By Marc Bayes. - 05/15/13 06:40 PM

With the market having next to no inventory, properties coming on the market Monday and sold by Wednesday, and multiple offers left and right it’s no wonder that new construction is in popular demand. The two big questions asked when looking at new construction are where to build and who to build with. In this article we’ll be tackling where to build.
There are some great communities being developed across the Denver Metro area where you can still do new construction. Some communities are brand new and others have been around since the late nineties. There are a lot of … (6 comments)

inventory: Land is Going To Be Hot This Year. By Dan Polimino. - 02/19/13 02:09 PM

So much has been written about the lack of inventory this year that the buyers must be asking themselves “what is available to buy?” The answer is… LAND. Let’s face it, if you can’t find what you want to buy with existing inventory, there is only one option left and that’s to build the home you want.
Many Realtors have been sitting on vacant land for sale for some time. I predict that this is about to change come spring and summer. I spoke with several of my colleagues who reported a high number of showings on their vacant land. … (3 comments)

inventory: Maybe You Should Consider A New Build? By Dan Polimino. - 12/03/12 04:55 PM

Ok, so you’ve been out looking at homes for a few months and you still can’t find anything you want to buy. It’s hard to believe that we are having this discussion today after the last four years of record high inventory. Since a greater selection of choice homes is not likely to hit the market soon, maybe it’s time to consider building. Before you do, there are some things you need to know.
Not every homebuilder is created equal. In the construction business, it really is “You get what you pay for!” Buyers beware: do you home work on … (4 comments)

inventory: It May Be Time for an Investment Property. By Dan Polimino. - 11/05/12 07:43 PM

Recently, I was checking in with a few of my old clients. They all had bought a home with me in the last year to two years and I was staying in touch with them to see how they were doing. I am happy report all were doing well in their home and very content. The conversation then changed to a few of them asking the question about investment properties.
We see this line of thinking quite a bit. After all, once you are established in your primary residence, you may start thinking about your investments. I meet with my … (1 comments)

inventory: It’s that Wonderful Time of the Year. By Dan Polimino. - 10/29/12 07:26 PM

Q: Should I put my home on the market just before the Holidays, or should I wait until after the first of the year?
A: That question comes up year in and year out and there is no clear-cut answer, but there are plenty of pros and cons to weigh. Let’s take a look at each category and then you can judge for yourself.
Pros:
1) We know historically that inventory always goes down over the Holidays. It means that if you put your home on the market, chances are you will have very little competition (particularly in … (0 comments)

inventory: Will the President Affect our Real Estate Market. By Dan Polimino. - 09/24/12 07:13 PM

We are just five weeks away from another Presidential election. So how does that impact the real estate market? Typically, the real estate market tends to slow down in an election year, usually as you get closer to the actual date. I think that you can take that conventional wisdom and throw it out of the window this year because there has been nothing typical about this year’s real estate market. Here is what I mean:
1) I did not predict that the market would turn around this fast in Denver, but it did.
2) I did not think inventory would … (1 comments)

inventory: I Still Want a Deal. By Dan Polimino. - 09/19/12 11:56 PM

Recently, we have been running into some buyers that are still looking for that killer deal. You know what I am talking about, it’s the foreclosure that was at six million, now only 3 million and the buyer thinks he can get the bank to take 1.5 million. Unfortunately, those days are over in Colorado. Here are the stats that buyers need to know:
1) Luxury inventory is down 47 percent from last year. Less options means higher prices. Those that had to sell did.
2) Start of 2012, Colorado was named the number one real estate market in the … (2 comments)

inventory: It’s Not Much Fun Being A Buyer’s Agent These Days. By Dan Polimino. - 04/30/12 05:15 PM

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 - 04/09/12 07:14 PM

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. - 03/12/12 11:07 PM

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. - 01/02/12 09:37 PM

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)

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