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2Q16 Showing Traffic - TShaffer [4151395]-page-001 (1)

Wonder why your home didn’t sell in a weekend? Here’s a bit of info on the summer real estate market. If you take a look at the graph you’ll see that showing traffic in 2Q 2016 is down quite a bit from the First Quarter of the year. This is no surprise, it’s been the seasonal trend for the last four years. Coming off of a super-heated real estate market this spring, the usual summer “slowdown” feels more dramatic than a political convention. If you’re “lingering” on the market for a whopping two weeks remember that listings don’t always sell in a weekend and not all of them get twenty offers, especially those priced over $350,000. Summer in Denver is not only the real estate selling season, it’s vacation time too! With so much to do in our lovely state, we get up, get out and go more often and our stressed out home buyers need a break. Showings tend to pick up again after the Fourth of July for those looking to make a move and settle in before school starts in late August. That’s the conventional wisdom coming from an unconventional gal.
What I have seen year-after-year is a strong autumn season for real estate sales when the summer buyers have either completed or delayed their purchase and those who want to serve Thanksgiving in a new home come out to play. Same goes for the end of the year when myth tells us it’s a bad time to list a house for sale. My experience has been that winter buyers are fewer, yes, but they are more serious and with our continued lack of inventory many will see the cooler months as a less competitive time to purchase a home. Look for more soon in my next Real Estate Market Update.

It’s the third Monday of August and I can’t believe school started today. It never seems like there’s enough of summer, no matter how you fill it. This year we took off for New York the week after graduation, spent ten jam-packed & fun-filled days, and then returned to Colorado’s wildfires and 50+ days of oppressive heat. Where did those idyllic summer days spent swatting bugs and camping on a lake go? Did they evaporate in the drought or global warming, or was I just making that stuff up?
My summer sons used to fill their days with parks and pools and tennis lessons. They tried baseball, fencing, went to soccer camps, tore up playgrounds and ran everywhere they went. Then came the summer of love… as I was frantically trying to satisfy their (or was it my?) artistic, culturally aware, intellectually stimulating and physically challenging schedules, they piped up with “Mom. Why do we have to do anything? We just want to sleep in.” I get their point. I love to sleep in too and with the freedom from school bells and missed buses, I can usually make it to… about seven. Three months of sleeping boys and selling houses gives way to the rude awakening as the laughter of the morning DJs hit my ear at 5:30.
Back to school puts us back on schedule. I’m up; I’m at the gym, home, showered, caffeinated and ready to take on the day. As autumn approaches, I begin to squirrel away my proverbial nuts, making plans for the year ahead and switching into high gear as the temperatures drop. Though summer is regarded as the selling season in real estate, fall and winter are most often my most productive quarters. And while that might feel like the salmon swimming upstream, I find the lazy daze of summer bring out recreational buyers who may be toying with the idea, and more sellers who want to ‘put it on the market and see what happens’. The cooler months coax the serious out of hibernation. Denver real estate stats for the second quarter were up and July looks equally promising for the market with inventory down and prices edging up. Fall, with its focus on the election, will tell its own story, but I see brighter days even as we lose the light!
Denver Metro Single Family Housing Stats, July 2012:
Active Listings: 9,087 • Down 35% from July ‘11
Under Contracts: 4,181 • Up 23% from July ‘11
Solds: 3,713 • Up 20% from July ‘11
Average Price: $312,920 • Up 5% from July ‘11
Average Days on Market: 64 • Down 35% from July ‘11

Planning a trip to New York is always exciting, but planning a ten day trip with two teenage boys is a handsome cab horse of a different color. How could they see New York’s New York, my New York and find those “I Heart NY” moments for themselves? I knew I had to keep it real. With all of the touristy things on our plate, the trick would be to spin those with the sights and sounds, the smells, bells and flavors that make the city what it is. In New York the magic’s in the moment, so the more opportunities I could create for them to dance among its denizens, the better the interface would be.
Rule number 1.) Walk as much as you can.
Rule number 2.) Take the subway for maximum effect.
Rule number 3.) Do not put any limits on the day. Including what time it starts and ends.
And the bonus tip…No matter how well you know the city, allow yourself to get lost.

Throwing down a bit of historical context to match the immediacy of the New York minute, I worked in some tales of my time in Manhattan and a few irritating, “See that (painting, building, church, store, statue…)? It’s important!” stops along the sidewalks. Dinner at Joe Allen’s over Applebee’s, and meeting friends for picnics, lunches, or museum visits gave things the personal touch and sense of belonging. The overall effect…? “Mom. Can we move here?”

To read more on our adventure, plan your own or find out what made the boys’ “TOP 5 THINGS TO DO IN NEW YORK”, click here.