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Where did all the expires go in the Denver, Colo. area?

By
Real Estate Broker/Owner with Hamm Homes

I use to work Expires in past years and always had good luck with picking some up to list and with my marketing program I got them sold.  Some times it was a simple post card mailed out just saying "YOUR HOME LISTING EXPIRED!  I HAVE THE SOLUTION!  Some time it was a simple phone call to them.  Or some times it was a letter mailed to them.

Of course, I would track per month how many contacts I would reach out to.  Here is the figures for March and the year:

Year         Number of Expires

2017                   82             

2018                   64              

2019                  60               

2020                 29               

2021                 16              

2022              12           

It is a sign of the times in Denver, Colorado! 

Comments(28)

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thanks Pat Champion,  it could be this way for awhile

 

Apr 06, 2022 11:53 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

A you are so right.  It is a new world

 

Apr 06, 2022 11:54 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Do your expired numbers track alongside of the number of listings? Seems to me that fewer people wanting to sell would result in fewer expireds. OR - are people doing a better job of listening to agents and getting their homes ready to sell?

Apr 06, 2022 12:10 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

No surprise with today's buying frenzy Will Hamm . When I was active and I pursued expires I just had moderate luck at it using postcards and letters. Most of the time it was because the Seller was dreaming of getting a lot more for the home then it was worth. Once in a while I could bring them down to earth with comparables but most often even that did not work.

Apr 06, 2022 12:13 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

That is some wild stuff. I have seen 50 expire in a day in this last year. I know my MLS has had over 1,000 in a year

Apr 06, 2022 02:17 PM
Patricia Feager
Appraisal Review Board, Denton County, TX - Flower Mound, TX
Licensed to April 2027

Will Hamm - they always say what goes up must come down. But as we know, it all depends. I admire your tenacity to track and use statistics to determine what's your next move when it comes to listings. Always, I wish you the best. 

Apr 07, 2022 12:32 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Very interesting question, Will and good that you keep stats!!!

Apr 08, 2022 02:35 PM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Apr 09, 2022 06:34 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Will - yes that is a telling story regarding the decline in expireds.  Still good to continue.

Apr 10, 2022 04:38 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I'm sure they have gone down here as well - I'll have to check later!

Apr 10, 2022 05:15 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Will. When demand is high and inventory low, even the ugly ones tend to go. Enjoy your day.

Apr 10, 2022 05:21 AM
Anna "Banana" Kruchten
Retired Broker/Owner - Phoenix, AZ
602-380-4886

Very few expireds in my market for several years.  The few that are seem to go back on the market right away by the same agency.

Apr 10, 2022 10:03 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Anna Banana, same here

 

Apr 10, 2022 10:34 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Larry and Sheila and thanks for being the first to respond today!

 

Apr 10, 2022 11:06 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Wayne Martin, you are so right!

 

Apr 10, 2022 11:07 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Will:

Good for you to track what you are doing so you can watch the trends.

We don't see too many expireds in my area in this market but it's not something I track closely.

Jeff

 

Apr 10, 2022 11:44 AM
Dorie Dillard Austin TX
Coldwell Banker Apex Realtors, LLC ~ 512.750.6899 - Austin, TX
Educating. Encouraging. Serving.

Good afternoon Will Hamm ,

I'm so glad that Kathy Streib featured your post. I hadn't thought about expireds.....I doubt if we have any! 

Apr 10, 2022 11:57 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Will Hamm - You hit it on the nose. It is a sign of the times.

Apr 10, 2022 02:51 PM
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Not sure if your market is the same as mine ?, but we have very few active listings so as a result supply & demand tells the story !

Apr 11, 2022 04:30 AM
Sandra Mathewson
RE/MAX 4000 - Grand Junction, CO
CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS

Will,

This is good information to track, thank you for reminding us! 😂

Apr 11, 2022 05:43 AM
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