Kentwood Real Estate

Spring Real Estate Update

Denver Real Estate - The Monthly Breakdown

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2019’s New Paint Color!

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Paint Color of the Year

If you’ve worked with us on a home sale, we’ve probably asked you to paint. So, to usher in 2019, our new suggested paint color of choice is moving from our much loved Revere Pewter to…. Metropolitan AF-690. Works well with modern, traditional and transitional homes, this color photographs beautifully and will assuredly help your home sell fast!

Re-Casting your Loan

Recasting

Buying and Selling this year? Consider this….

We  want to let you know about a terrific lending option that may be THE reason your move will make financial sense this year.  It  is called "recasting" and only select lenders will be able to able to provide this option.   Let’s say you want to purchase a home, but want the money from your current homes sale to put towards your new loan. Making the time work between a purchase and a sale can be tricky, so this is where recasting comes in….

For example, you purchase your next home without selling your existing house. Then, a few weeks or months in, your old house sells and you have some substantial equity you’d like to put against your new mortgage. After making at least 2 mortgage payments and after 90 days have passed, exclusive large investors will allow the borrower to recast or re-amortize their payments based on their new post payment  balance.  By recasting, the borrower is able to lower their payments for the remaining term of the loan and transfer your equity from one house to the next. 

The most common scenario wherein this option may be applicable is for buyers who sell their first residence only after purchasing their new home.  In addition, it may also apply to physicians, attorneys , or other professionals  who receive  substantial bonuses on an annual basis and wish to pay down the principal balance on their loan.  Let us know if you'd like to get more details.

Check out our new Look!

Coakley Sacerdoti Real Estate Sign

new year, new look

Check out Kentwood’s New Look with our Brand New For Sale Signs, Coming soon to your neighborhood~

Our Message about Water Waste

We hate it when we’re out showing homes and we see some individual or business watering in the middle of the summer heat. It’s just plain irresponsible, but yet most people don’t even realize they are doing it. Well, we’ve got a solution. Call Denver Water to report the misuse and they will politely follow up with the owner to help them adjust the times they water!

Step 1. Call Denver Water @ 303.893.2444 and save # to Phone!

Step 2. Select Option 4 to Report Misuse

Step 3. Provide the Address / Location

Summer Real Estate Update

The Phases of the Real Estate Market

Well there's been a lot of press out there as we near the end of a traditional real estate "cycle"- basically a 10-12 period of growth or recession.   What our market has in store for us has seen intense debate on both sides.  While this article from the Denver Channel projects a pull back in our market, we're less bearish about our future.  There's no question that real estate prices have moved on an unparalleled trajectory over the last 8 years, but then again, Denver has a lot to offer, especially to millenials moving for jobs and quality of life, and their parents- moving closer to the kids.  This link is an interesting read on how markets can be quantified- and how to handle every stage of the market productively.  After reading it, tell us- which phase do you think we are in?

Everything you know about Denver's Real Estate market is Wrong

5280 Magazine has written another fab article about how our market is functioning across many urban neighborhoods and every price range- buyer, seller or just interested in real estate, this article is a worthy read!

The Denver Real Estate Market: Monthly Stats

 

Who's Buying and Who's Selling?

This great chart explains both the larger trends of who is buying and selling real estate- an important perspective when getting your home ready for the market-- should you be catering to a Millenial or a Gen X'er?  Making a home appeal to your most likely buyer can be an important consideration to get your highest return.

National Real Estate Trends - and Where we're Headed Next

We're constantly evaluating our own market - and how we stack up against other major cities.  This report here from Schwab has evaluated a LOT of different metrics to anticipate where we're all headed next.

Kentwood Real Estate in the News

Kentwood's participation in the Leading Real Estate Companies of the World network has been a terrific asset to increase our market across the planet and provide resources for our clients relocating to over 60 countries.  March of this year was their annual awards gala, where Kentwood picked up awards in the following categories:

                . Award of Excellence for Outgoing Sales Production

                . Pinnacle Award for Most Outgoing Broker-to-Broker Referral Closings

                . Luxury Portfolio’s Best Newcomer Award

                . Most Innovative Office Design Award

                . Member Marketing Award for Consumer Materials

                . Member Marketing Contest for Luxury Portfolio Marketing

Winter Real Estate Update

Real Estate in Review

The Denver Metro real estate market cooled a bit throughout the fall, as was expected.  Although the average sales price in Denver was 2% lower than the previous month ($394,059), it was still 12% higher than the previous year, according to ReColorado.com.  The chart below is an excellent review of how the market has behaved in relationship to the past two years.  The first chart displays the entire metro market, while the second image depicts the luxury market (i.e. homes over $1 million) as that market often behaves slightly differently.

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As we review the larger trends in the marketplace over the last year, we've found that the days on market has increased as the number of listings has increased, but the number of sales has inched down as we move into the holiday season.  All things to be fully expected, and important for both Buyers and Sellers to be aware of when timing the purchases and sales of real estate.

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Cherry Creek North

Maintenance Free Living in the Heart of Cherry Creek North- Move Right on into our Newest Listing!  Priced at $1,250,000, this home has 3  beds, 4 baths and is 4,152 Sq. Ft.

549 Fillmore Street

Target Pricing

Our market has experienced a steady transition in the last five months from a "Seller's Market" to a "Balanced Market."  Because this trend is relatively new and is on the heels of a robust springtime "Seller's Market," it has taken some time for Seller's to grasp the notion that pricing is dynamically changing. We are in constant contact with our Sellers to systematically evaluate this fluid market. Pricing must be exact and routinely "tweaked."  Perfect pricing has never been more important and it is well represented below.  This image highlights the significant difference between being on target and being overpriced.  As illustrated, pricing too high costs valuable time.  Buyers are savvy and patient and they will overlook overpriced properties...that means more days on the market and stagnation. When listing your property, we will always offer you our professional guidance for appropriate pricing!  

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The Way We Were

A look back on the last 10 years of average sales price in Denver- a lot has changed as we continue to grow!

Kentwood Real Estate in the News