I have great clothes. Really. I have a closet full of beautiful clothes for every occasion in only two sizes, perfect for the life I think I’m living. I have coordinated outfits and signature pieces, perfect for the office I pay for but rarely go in to, perfect for the camping trips scheduled but abandoned, mountain weather I’m rarely in, the soirees I attend but can’t find anything to wear to and every imaginable combo for the vacations I take and over-pack for. Theory and reality.

Most mornings I wake up at dawn, pull on a t-shirt and a pair of snappy yoga pants I bought for the classes I’ve paid for yet never gone to, take my son to school, return home to make a delicious hand-crafted cappuccino and head to the desk in my home office. I fire up the computer and the laptop, open my contact management program on one, my writing program on the other, log on to the MLS… and Facebook.  (You know where this is going, don’t you?)

All of this is fine really, and  I do get things done. I mean, something must be going right to be able to pay for  the multiple devises, the software, the yoga classes, the office desk fee and the closet full of clothes. And I devote enough time to writing to keep calling myself a writer.  But where is the gap between the life I think I’m living and the one that takes place day-to-day?

The question of theory is a check-in on the goals and resolutions for 2016.  In theory I’m the girl who gets up at dawn, pulls on those yoga clothes, does the school drop-off, heads to the gym/yoga class, showers and dresses into the sassy ensemble I’ve carefully packed and loaded into the car, and shows up at the office for a full day of work as a busy Realtor. At the end of the day (in my mind) I return to my home office and work for an hour or two on the Great American Novel before throwing a few shallots in the pan to sauté.

As a self-employed single mother, my time is flexible but never my own. Like most in my profession, I wake up every day unemployed and have to get my hustle on, as we all do, but rather than punch a time-clock, I have to time-block to get all that prospecting, house showing, contract writing, negotiating, parenting, exercising and creativity in. Don’t we all? Frankly, I’m not sure how anyone does it, who has time to bake cupcakes, or which day “laundry day” actually is.

But this is not specifically a productivity rant, rather an inquiry into the glitch that keeps us from writing that book or taking that tango lesson. Modern American life asks us to buy into images of perfection, because without feelings of personal deficit, how could we sell things? Madison Avenue must create the perpetual void to be filled with luxury cars, hamburgers, fashion trend and heartburn. We’ve grown so uncomfortable with the empty space within, the interesting space, we hurl ourselves moment-by-moment, away from it with busyness. I call it perpetual prepping; getting ready to be ready. It is the yellow smoke that rubs its muzzle on the window-panes, seeking a way in or a way out. 

2015 was a “structural” year for me. I opened the windows, dumped out my toy box, and got rid of what I’d outgrown, was no longer entertaining and/or working. The result was the grand realization that what I want I already have, I just want it more clearly. No sweeping changes or mid-life crisis, only the desire for simplicity, authenticity, and presence. I could dump my theory into the mixing bowl, add a dash of focus, blend until it becomes reality and, boom. Cupcakes!

I try this, making the commitment write more, I add time. I rearrange my head to include my body, specifically exercising before the caffeine has fully hit, a yogi move for sure. The night before, I  pack my gym bag, my work clothes, briefcase, and put them in the Subaru. So excited to become that new and improved Tracy, it’s hard to get a good night’s sleep, but pop of bed at the first alarm. Being met with  a “Hello” from Adele at sunrise should only happen if you’re just getting home holding your high heels, but I rally. Dropping Gabe at East, I pull into 24hr Fitness by 7:45 feeling pretty damned good about myself. Maybe I can be ‘that girl’ after all, I mean this is going great, right?  Workout complete, I’d even remembered the towel, my self-esteem rising with the hot shower. Pulling on the nude fishnets I’d never worn, I’m troubled by the fact that the crotch seems to want to stay halfway between my knees and hips, the hem has fallen out of my skirt, there’s a spot on my blouse which hadn’t come out in the wash and I’ve not packed mascara. I soldier on into the office looking like a hot mess, reminding myself it’s day one. The next day goes better, though I forgot to pack a bra which wasn’t my best look at 25 either.boobs in pants

Day-by-day, as I morph my theoretical life with the reality I dream of, I learn how much courage it takes to truly be yourself. How much clarity it takes to slough off cultural concepts of needing to fill a void. I am that void, that mystery, and with all the new space in the toy box it’so much easier to find what I’m looking for. And though a few million things need practice, today I will be more present, plan, and try not to forget my foundations…my mother’s word for the brassiere department.

“How’s the Denver real estate market?” Being a Realtor© I’m asked question daily and plenty of things factor into the answer; Rising home prices, consumer demand, lack of inventory, new construction changing the face of our neighborhoods, not keeping up with housing demand, skyrocketing rents, the of effect gas and oil prices, interest rates, affordability index, rates of appreciation and what do I think is the next hot area? But the big idea is supply and demand.

The easiest way to bring all of this info into focus is by rolling out the charts and graphs. Take a look at the “Everything You’ve Wanted to Know About the DenverReal Estate Market” chart below and let’s see what it’s telling us.

See those two lines, the blue one and a yellow one? The yellow line is the number of homes for sale in metro Denver every month from January 2007 to December 2015. The blue line is the number of homes sold every month. Inventory peaked in July 2007 at 30,827 homes for sale. That was at the depth of our economic and housing downturn, when fear ruled our market, banks were being shut down, our local and national economies were in shambles, unemployment was rising, and consumer confidence plummeted. No one wanted to take the risk and buy a home. Reasonable doubt about the future took away our appetite for risk. On the seller side home owners were getting slapped with rising monthly mortgage payments as their Option ARM mortgages adjusted upward, sometimes forcing them to sell at the very worst time.

Supply and demand, baby; prices start to fall (2007 to 2009). Around 2010/2011 the market found some balance with 18,000 to 20,000 homes on the market but, like me in my yoga class, it didn’t stay balanced for long. Supply continued to fall… and you know what that means.                    Just like dating; it’s all about the inventory! 

But let’s stop living in the past. In January 2016, there were 4,286 homes on the market! That’s nearly an all-time low for a January since records have been kept. For the past few years we’ve seen an incredibly strong real estate market in metro Denver as the supply of homes performs a vanishing act, putting the imbalance on the other foot. No three dimensional, super fancy, econometrics model can do a better job of explaining the imbalance in our market than this simple chart, but a 3-D printer might be fun.

I know, blah blah blah, Tracy, what about ME? To which I quip, that depends on what you’d like to do. If you own a home and are thinking of moving, it’s an off-the-hook seller’s market and you can expect to get top value for your home (more on pricing later). You’ll need to think about your next home too, and make sure you have planned the process correctly (this is where my mad skills come in) so the transition from your current to future home is seamless. If you’re buying, make sure you’re pre-approved with a strong lender and have a Realtor© who knows how to write a strong and winning offer. (insert mad skills)

So let’s say you’re renting, or one of those basement-dwelling millennials. With rents zooming to all-time highs, you might want to get out of the (basement) rental rat race and buy a home! You’ll need to cultivate patience and persistence but just in case you missed the earlier piece, the payoff can be YUGE!  We expect prices to continue to move up for several years as the inventory balances with the demand, meaning you’ll gain appreciation in your home purchase for the next several years, longer if you stay. You could even turn that first home into a rental property!

There’s no better way to build wealth than owning rental properties for the long term. Home prices have risen, but so have rents, and interest rates remain at record lows. Smart investors don’t try to time the real estate market; it’s as difficult to do as timing the stock market. The vast majority of Americans who have built wealth as real estate investors have done it buying rental property and having their tenants pay it off for them over time. It’s not complicated and it works.

Of course, everyone’s situation is unique. If you want to talk about how best to take advantage of our real estate market and see what it can do for you please give me a call. I love talking about the real estate market! 

Sellers and pricing  Now that I’ve got you all pumped up on the Super-hero strength of our housing market, let me tell you another trend I’ve been seeing. Rising prices come as welcome news to sellers, but lately I’ve noticed that not every home sells in a weekend bidding war. Buyers are not stupid and overly ambitious pricing still means that homes languish on the market. Every day my inbox brings email announcements of price reductions after sellers and/or their agents over-shoot the mark.  Call me and I’ll be happy to run a complimentary Comparative Market Analysis on your home to let you know what it’s really worth in today’s market. It’s always better to have an ‘exactament’ than a ‘zestimate’.

 

 

 

 

I hear the question “Is it still a good time to buy a house in Denver?” quite often, as potential home buyers wonder whether they’ve missed the market. My answer is that yes, it’s still a good time to buy a house in Denver, though it’s going to take resilience, and let me tell you why. Even though the dream of getting a screaming deal on a foreclosure got on the bus and left the depot, the strength of today’s market and home affordability show that buying a house in Denver is still a great idea.

It looked for a moment that the Denver Real Estate Market was slowing down toward the end of the summer and into fall, but what I’m seeing now, we still have a very strong market! Showing activity is high meaning that buyers are out there looking, and inventory as of January 1 was still very, very low at one month of inventory  [meaning if no other homes came on the market it would only take a month to sell them ALL].

Buyers will need to be prepared to pull the trigger in this tight market; pre-qualified, well qualified and ready to present a strong offer to win in the ever-so-common bidding wars.  This can mean a number of things I’d be glad to go over with you specifically. Many Buyers will conduct a home inspection solely for informational purposes without asking the Seller to repair or credit for inspection items. This relieves the Seller of the anxiety of a major or costly issue coming up and being asked to pay for it, and though the Buyer may feel similar anxiety over having to assume a house “AS-IS” they can, if done properly, still terminate the contract should the home prove unsatisfactory. Reasonable buyers, sellers and their agents would rather work out a fair negotiation than lose a good contract, even with this stipulation. Another strategy I’ve seen applied is for the buyer to offer to make up some or all of any difference between the contract purchase price and the appraised value of the home should it come in low. As bidding wars force prices up, last month’s comps may not provide the appraiser with enough information to value at contract price, or the home might have exceeded current market value. The market is moving so fast, many buyers would rather kick in some extra cash than go back out looking once they’ve found and been accepted on a home they love. Of course, you’ll have to have the cash to do this so a bit of planning might be in order if you decide to employ this.

The good news for you Buyers is that real estate still offers great wealth building potential. Using standard assumptions (5% annual appreciation), a home purchased today for $250,000 with a 10% down payment and a 4.5% interest rate can produce about $200,000 in equity in a decade! Those of you who are renting may want to think seriously about investing in yourselves.  Even if you don’t have a full 10% for the down, there’s still $$$ to be made.

There are two myths in real estate that are not holding up in today’s Denver market. One is that real estate runs in seven year cycles; statistics show the last up-swing lasted for seventeen, plenty of time to build equity.  The second myth is that condos are the last to rise in value and the first to tank. Right now we are seeing condominium values appreciating similarly to single homes. Overall home affordability remains attractive when you factor in interest rates, home prices and average rents (up 40% over the past five years). A very good time to buy, but before you do I advise investing in some good running shoes.

“Let’s Dance…”rsz_rock_ballets_photo

Wonderbound had scheduled the Rock Ballets into their 2016 season well before the world heard the news. In a perfect confluence of time and space, sound and vision, Artistic Director Garrett Ammon’s ballets, set to the music of David Bowie and Queen take flight a month after the legendary artist’s ascent. The popular program has been here before, but you haven’t seen it like this.

Not only will the Wonderbound supernova perform these stunning works, the music will be played live by a supergroup comprised of Denver’s Chimney Choir and  the Ian Cooke Band.The music of Queen and David Bowie will be featured along with original tunes by both bands.

Can you imagine the kinetic imagination of Garrett Ammon set free to the lyrical strains of Queen’s “Love of My Life”? Gives me goosebumps just thinking about it so I’m sure that when the dancers take stage for “Bohemian Rhapsody” I’ll be in tears, and “We Are The Champions” should give me a chance to pick myself up off of the floor.Ammon’s star shines in “An Occasional Dream,” delving into one of the most famous tales of history and Bowie’s edgier songs, “Life On Mars,” “Time” and “Space Oddity” while Wonderbound Company Artist Sarah Tallman opens the night with her creation , “Unbroken Sky”. This world premiere will feature songs created by the supergroup septuplet of Chimney Choir and Ian Cooke Band and will evoke the explosion of the Beatnik generation.*snaps*

 “We are very excited to be a part of ​ Rock Ballets ​ . It will be a lot of fun to team up with Ian Cooke Band and reinvent some of the classics.“  – Kevin Larkin, Chimney Choir 

And if that’s not enough, Leon Gallery  has curated Denver Artist Mario Zoots for an exclusive exhibition of new works exploring themes from old Rolling Stones issues from the Bowie and Queen eras. (Oh great, now I belong to an ‘era’).

Rock  Ballets ​opens February 13 and will run for five (5) performances throughout Denver. More information on the production can be found at wonderbound.com​ .
If you can’t wait, stop by a limited seating Teaser at the Wonderbound Studio at Junction Box, for a taste of what the full-length performance will hold. Teaser #9 is on February 2, 2016 at 6:30 pm.

Dana davis 023 Recently I had the chance to sit down with Dana Davis for a talk about the carousel of life and the upcoming Carousel Ball. The youngest daughter of Barbara and Marvin Davis, the family was living in Denver during the 70’s, when Dana was diagnosed with Type I diabetes. This prompted her powerhouse mother, Barbara Davis, to create the Children’s Diabetes Foundation. In the nearly forty years since its inception, The Children’s Diabetes Foundation has raised over 100,000,000 and has provided support for an amazing amount of research into the cause and treatment of diabetes and provided opportunity for excellent care to the children and adults living with Type I.

For decades Barbara Davis and her signature black-tie event, The Carousel Ball, raised the bar on fundraising events, leveraging her vast network of celebrities, politicians and Denver’s crème of the philanthropic set. So when former kindergarten teacher/shoe designer, Dana Davis stepped in to chair this year’s event, she had some big shoes to fill. Barbara Davis

The daughter of a man who owned 20th Century Fox, the Beverly Hills Hotel, the Pebble Beach Corp. and Aspen Skiing Co., Ms. Davis is no stranger to the world’s movers and shakers or the Hollywood celebrity. No stranger to Type I diabetes, she has lived with the disease for forty years and has served on the Children’s Diabetes Foundation’s board of directors for more than a decade; Dana Davis is not stepping into unknown territory. Still, I asked if she was nervous about chairing the legendary event.

“I am excited. It was a logical progression for me to be where I am now, but I didn’t want to come marching in and make anyone, including my mother, feel uncomfortable. My mother created a wonderful event with a history of great success, but fundraising has changed so much. My vision is to build on that success and bring it forward, not just into the present but into the future. We have so many ways of communicating now, with social media and through the Internet; it’s possible to keep getting the word out throughout the year, beyond an annual party. The center and the foundation are her babies, and I would never want to step on her toes.

“When The Children’s Diabetes Foundation started the goal was to raise awareness about the disease, dollars to fund research for a cure and to make life easier for diabetics. Working together with the Barbara Davis Center has enabled so many groundbreaking achievements in the fight against diabetes and ensured that no one who needs treatment is turned away. The Children’s Diabetes Foundation, as I see it, has an opportunity not only to educate about Type I diabetes, but to share the hope these advancements bring and tell the stories of diabetics who are living amazing lives. When I became involved, really involved (for the past six months she’s been serving as CDF’s Interim Executive Director), I had no idea how many inspiring people I would meet, strong, vital people who have changed the face of diabetes.”

Dana shared with me about the event itself. “There will be some of the familiar elements of the Carousel Ball as we know it, with a graceful evolution. We will be much more interactive with more focus on the people who benefit from the great work the Foundation does, the lives we impact. We’ll share the gains and the hope on the horizon. And of course, we’ve got Usher performing and Grammy-winning record producer, David Foster, will be the music director and emcee.”
This year’s 29th Annual Carousel Ball honors Broncos own NFL Hall of Fame quarterback, John Elway and his wife Paige. The event is sold out, so a lucky 1,000 guests will be gala-ing it up at the Hyatt Regency Convention Center on October 2nd. If you’d like to take a chance at some last minute tickets, contact Amanda Garrett, 303-863-1200 or amanda@Children’sDiabetesFoundation.org

Photos courtesy of Silver Spur Marketing.

Alec Baldwin & DeOndra Dixon - Global Down Syndrome Foundation 2014 2
There’s something very special about the GLOBAL DOWN SYNDROME FOUNDATION and it was clearly on display at the BE BEAUTIFUL BE YOURSELF fashion show. Perhaps it’s because of effusive and focused energy of its founder, Michelle Sie Whitten, the electric smile of Jamie Fox escorting his two young daughters down the red carpet and sharing delightful stories about sister, DiOndra Dixon or the guests themselves. I asked Alec Baldwin about what made this night’s event different than all others.
“Well Jamie, you know. His sister, DiOndra, has Down Syndrome and so it’s family. We have our passions, things that strike home. My mother’s a breast cancer survivor so that’s a big cause for me, every family has their thing.”
So family is the great connector? I asked.
“Yes, I think that’s what makes it special, that’s what grounds it and makes you want to be a part of it.”
Helen Hunt & Brad Hennefer - Global Down Syndrome Foundation 2014
For Helen Hunt it was,” I wanted to be a part of something that supports the civil rights of all people, especially those with different abilities.” Quincy Jones Exceptional Advocacy Award winner, supermodel Beverly Johnson has a niece with Down Syndrome and actor John C McGinley’s daughter was born with the condition and everywhere I turned I heard stories of how so many lives have been enriched by a loved one with Down Syndrome; how much joy they bring to those who know them.

John C McGinley spoke of the work the Global Down Syndrome Foundation is doing and that it extends beyond quality of life, equality and advocacy, there is a focus on science and research. Indeed, Global supports the Linda Crinic Institute for Down Syndrome with fundraising, education and research to help eradicate the medical and cognitive ill-effects associated with Down Syndrome. Life-changing research is being done through the Alzheimer’s Disease-Down Syndrome Research Program, through challenge grants to national and international scientists to study sleep apnea, auto-immune disorders and leukemia. World-class medical care is provided as well through the Sie Center for Down Syndrome at Children’s Hospital Colorado, and so much more.
Kenneth Faried with Brooklyn Gilhooly - Global Down Syndrome Foundation 2014
There was such a spirit of joy, of connectedness and hope at the Be Beautiful, Be Yourself Fashion Show. The outpouring of love was reflected in an outpouring of support as a wonderfully executed live and lively auction brought out cheerful givers, open hearts and open pocketbooks. But the highlight of the evening was definitely the fashion show featuring beautiful young people who happen to have a condition called Down Syndrome. Oscar winners Helen Hunt and Jamie Foxx, Oscar-nominee, Laura Dern, Emmy-winning Alec Baldwin, John C McGinley, Beverly Johnson, Denver Nuggets’ JaVale McGee, Arron Affalo, and Kenneth Faried, Broncos Malik Jackson, Ben Garland, Britton Colquitt and Brandon McManus and pro-golfer David Duval all brought a sense of purpose and delight to the event. Wonderful to watch these celebrity models escort the real stars down the runway, strutting and beaming and blowing kisses with sweet triumph.
Generosity, cheerfulness and giving over to the best in one another were what was on parade that night. And the soundtrack to the evening was pure joy.
Jamie Foxx on Red Carpet with Brad Hennefer, Michelle Whitten
Photos courtesy of Global Down Syndrome Foundation, Kristopher Lewis Photography. Helen Hunt photo, Bogdan Morozovskiy, photographer

home list If you’re my client, we’ve shopped, you’ve fallen in love, made your offer, had it accepted and gone under contract. Now you’re in the “discovery” stage” where you gather important information: title work, disclosures, surveys, and you schedule your home inspection. Now what?
A home inspection is one of the most important steps in the process, it’s the time then we take that silk purse and try to find the sow’s ear. Part ‘honey-do’ list, part ‘O.M.G. what have I done?’ the home inspection reveals and/or conceals just what you’re getting yourselves into. The house is everything you’ve ever wanted, and it’s the biggest purchase you’ll ever make. Shouldn’t we make sure it is all that?
I have a few good home inspection companies I rely on, have vetted and have found them thorough, honest and knowledgeable. There are many things your home inspection will show you and many that it won’t. Some things are minor, deferred maintenance and others are worth major consideration. Always best to hire a professional and ask your Realtor (that’d be me ;-)) for their recommendation. No matter how much you may love them, having a “friend who knows a lot about houses” take a look at it could be the end of a great relationship. Pay for the pro, it is money well spent.
Here’s what your standard inspection will show:
Structural Elements- Construction of walls, ceilings, floors, roof and foundation. Though inspectors are not usually structural engineers, their expert training gives them a good eye for when you may want to call one. Many times the crack you’re freaking out over is pretty normal to a resale home.
Exterior Evaluation- How does the siding, brick or stucco look? Does the grading flow toward or away from the house? Landscaping, elevation, drainage, driveways, fences, sidewalks, fascia, eaves, trim, doors, windows, lights and exterior receptacles—are they all doing what they’re supposed to be doing?
Roof and Attic- A visual inspection of the roof and attic will give you a good idea if they are framed and ventilated, insulated, or in need of repair. Though not a roofing specialist, your inspection should be able to tell the approximate age of the roof and how long you might expect it to last. If there is any doubt, I suggest having a qualified roofer come out and do an independent inspection to see if the roof can be guaranteed through certification.
Plumbing- Identification and condition of pipe materials used for potable, drain, waste and vent pipes. Toilets, showers, sinks, faucets and traps, water pressure and hot water heater will be included.
Systems – Your furnace, air conditioning, duct work, chimney and fireplace will be checked to insure they are in good working order.
Electrical- Main panel, circuit breakers, types of wiring, outlet grounding, GFCI outlets, exhaust fans, receptacles, ceiling fans and light fixtures.
Appliances-Dishwasher, refrigerator, stove/range/oven, built-in microwaves, garbage disposal, trash compactors, washing machine and dryer will be checked.
Garage- Slab, walls, ceiling, vents, entry, firewall, garage door, openers, lights, receptacles, exterior, windows and roof.
Although I’ve had inspectors note the possible presence of mold, termites, evidence of pests, or asbestos these, along with a sewer scope, require assessment by specialists and do not fall within the scope of your home inspection. Radon detection can be done by the inspector who installs a device to stay in the home for 24-48 hours at an additional cost.
My home inspectors provide my clients with a Home Inspection Checklist which categorizes items needing service and the urgency in doing so.
The serious problems are:
Any issue that pertains to health and safety; gas leaks, CO2 levels, non-functioning smoke and carbon monoxide detectors, radon mitigation, sewer cracks or breaks.
Also for consideration are the big ticket items: old or leaking roofs or those which cannot be certified, furnace and A/C malfunctions, foundation deficiencies and moisture intrusion or drainage issues.
Who should pay for what?
Home Inspection Checklist Items Sellers Should Fix would include those listed above. There are many instances when it is wise for the buyer to take responsibility for the repairs themselves and ask the sellers for a credit or sales price reduction. Sellers, understandably, want to maximize their profits an may approach repairs from an economical perspective where you might go the extra mile, especially if you prefer a mid-high grade brand. Buyers and sellers might want to consult with an expert to get an estimate for repairs and all work should be done by a licensed contractor or technician. Make sure your agent is specific when responding to the inspection. If your request is vague, there is more room for interpretation of a repair.
Because for some people, duct tape doesn’t cut it.

Denver Loft living
Denver Loft For Sale

Denver Loft for Sale in Fire Clay

This Denver loft is a corner unit with twice the windows, twice the sunshine! Spacious one bedroom, one bath loft in the Denver Ball Park neighborhood lives larger than the square footage would have you believe. Open and cheery floor plan in the main living area allows for flexible living, dining, kitchen and/or office space, yet unlike many Denver loft homes, it has a wonderful private bedroom with en suite bath. You’ll love the long, exposed brick walls, an original feature of the old Cable Building structure in the Fire Clay Lofts while an abundance of high windows bring light, character and ambient charm to this urban loft living.The L-shaped configuration of the kitchen gives you lots of room and with granite counter tops, a new stove and microwave, you may find yourself quite the host or hostess! Uniquely positioned within the building, there is no shared wall between you and another tenant, and having your own washer and dryer in the unit gives you a bit more of that detached home feeling.The Fire Clay has low HOA dues, the management is responsive, and you’ll have your own parking space in a gated lot. Come home to the Fire Clay, where

Denver loft

Denver Loft

Fire Clay Lofts Cable Building

living and the Ball Park Neighborhood lifestyle began.
Affordable Denver loft living with everything you love about the Ball Park neighborhood; proximity to downtown, Union Station, RiNo, the Millennium Bridge and Riverfront Park, Commons Park, the Platte River, Redline and other art galleries, trendy restaurants, LoDo sports bars ball parks, stadiums, theater, music and public transportation for those days you don’t want to walk or roll. (Whew!) Attractively priced at $250,000 and FHA approved, find out why you should contact me and schedule a showing today?!

psycihicDenver real estate market is strong and hot like a cup of coffee. After years of waiting for home prices to rise, the Denver real estate market is elevated. So why are buyers and sellers so hesitant to make their move? Let’s blame it on the media. Screaming headlines make money when the sky is falling.
For those of you who are considering buying or selling a property, understanding the big picture is critical. So let’s take a look at where in the real estate cycle the Denver market stands.
You may think this tremendous seller’s market and super tight inventory is something new, something that’s going to come to a head and suddenly erupt overnight. Not true. We are FOUR YEARS PAST THE BOTTOM of our last real estate cycle. This is a logical continuation of a market that is reacting strongly to the overselling we saw between 2007 and 2009, and finally bottomed out in 2009. It’s doing exactly what real estate market cycles do, go up and go down over long periods of time. Remember, over the past 40 years residential real estate appreciation has averaged 6 percent per year and there is no reason to think that is going to change over the next 40 years.
If you think of market cycles in the short-term, spiking and crashing over short periods of time it’s easy to see the sweet meteor of death hurling toward your swing set, but a quick look at the last market cycle shows clearly this is not how real estate works. Real estate cycles over the past 40 years, tend to move in much broader periods, 7-10 years typically. This is why predicting short-term market movements can be very difficult, whereas assuming the market will move in 7-10 cycles is a bit more realistic.
The past four years of the upswing has been largely a sellers’ market. Plummeting inventory, rising prices, nervous buyers often involved in multiple offers, and happy sellers often getting the price they wanted. Buyers can be very nervous, reading news articles, watching TV reports, and figuring the market is teetering on the brink of a crash and being afraid to buy. Rents are skyrocketing, up 8 percent this year alone and renters may confuse the short-term media screeds about this tremendous market with the long-term patterns of market cycles, thinking that the minute they buy a home the market is going to crash.
woman-with-crystal-ball
I don’t see this. And unlike my clients who may buy or sell a home ever 5-10 years, I work in real estate every day. No one can predict the real estate market with 100% accuracy. I can’t, the Federal Reserve can’t, the banks with all the money can’t, no one can. But, understanding how market cycles work, and recognizing how low our current inventory is, I can say with confidence I do not see any impending weakness in the market over the next couple of years. We are four years into what will probably be a typical 7-10 year cycle of low inventory and rising prices. I can’t tell you what the Dow Jones will finish at next Monday. I can’t tell you if the Rockies will win their fifth game of the season. I can’t tell you what the weather will be on June 15th, but I can say with confidence that real estate tends to move over predictable long-term trends, and this market cycle has a long way to go.

amazing soulsAdmit it. This thought has crossed your mind, hasn’t it? You’ve probably even made a mental note to ask me, or worse… unsubscribe. So what makes me send you this monthly missive? The reasons are few, but they’re mighty.
1. Yes, I am in the business of helping people buy and sell homes and I’d like for you to think of me should that thought also cross your mind. Pretty crafty, huh?
2. To keep you up to date with the Denver real estate market, how it’s doing and where it’s headed. Like this little ditty from USA Today.
2. I believe that life is richer when experienced in community, and that a community is empowered by engagement.
3. I believe that real estate is all about story. Every home, every buyer, every seller, comes with a tale to tell, a story to reveal.
4. I have a knack for meeting interesting people who do really cool things and I want to share them with you.
And here comes the mighty…
5. Every month when I send out my newsy little newsletter, chock full o’ tips about home values and market trends, writing of the wonders of a swanky little art space, or the best place to take a burlesque dance class on a Sunday morning, you call me. You reach out via comment, Facebook, phone or email to let me know what you thought, ask me a question, or (best of all) set up some face-time. And I like that. A lot.

Building and deepening relationships, creating dialogue, drinking coffee… whatever I can do to help you put a little bump in your daily grind.