My Town Cryer
July, 2010By Tom Cryer, Broker Associate @ The Kentwood
Companies
Whats New @ MyTownCryer Whats News @ The Kentwood Companies
Property Profiles of the Month MyTownCryer Concierge Services
Community Spotlight Whats New, Whats Hot, Whats Happening Family
Happenings Green Stuff & More Denver Market Watch 2009 Oh,
BTW
Whats New @ MyTownCryerSummer is here! Soon we will be
celebrating our Independence Day with family, friends and
associates from our coastlines to lake shores and mountain tops!
Our US men still cant win at World Cup soccer, but then again, we
are short a few hooligans. Im sorry, but real sports do not end in
ties!
So, whats new? We are overcoming a market that was artificially
stimulated by tax credits in late 09 and into early 10. Basically,
we stole buyers from the second half of the year with tax credits
in the first four months. The good news is, we are overcoming this
condition. Although 2010 is nothing like 2007 and prior years, it
is coming around but at an entirely new price paradigm
unfortunately.
Depending on the neighborhood, we can see anywhere from 10% to
50% of transactions being from the result of foreclosure. The good
news is by most measures, this condition appears to be righting
itself. It will be a slow process, and we still have one to three
years left in this cycle. Much will depend on the economy, interest
rates and employment trends in the metro area. And, dont forget, in
our perimeter communities we will still face the concessions of new
construction competition as it will certainly return as well.
Believe it or not, this is an optimistic viewpoint. Other areas
of our country are still deeply entrenched in this foreclosure
cycle in all price ranges and communities. Some of our best
neighborhoods have barely even seen a foreclosure run through. What
have we learned? Has timing replaced location? How about this? We
have a harmonic convergence right in front of us; timing, rates,
prices and inventory! Location is still the most important factor
in the decision making process, but aided by this convergence a
buyer simply can do no better than right now. If you dont own a
home, my bet is simple; buy one soon or this window of a life time
is going to shut right in front of your eyes!Whats News @ the
Kentwood Companies
As the malaise of summer sets in we are all hard at work behind
the scenes. Our marketing department works fervently at SEO (Search
Engine Optimization). They are constantly battling on getting to
that out of town buyer first. When that potential buyer clicks on
Google and types in Denver Real Estate, we want to make sure our
site and your property comes up first. This is a result of their
relentless pursuit of the correct domain names, the appropriate
placement of key words and a commitment to original content that is
always fresh and attractive to the Google Gods that determine
who/what comes up first during a search. Rest assured the battle
never stops and our marketing department never rests!
Property Profiles of the Month14070 HILLROSE PL PARKER, CO 80134
(MLS # 892176) A like new Richmond Glenwood Model with all the
upgrades; premium oversized cul-de-sac site, professional basement
finish, covered patio and sports court. Located on the most
expensive and best block in Meridian Estates, you will not be
disappointed!
451 ROSE FINCH Circle, HIGHLANDS RANCH (MLS# 874902) A Beautiful
Home on a quiet circle near all the amenities of Indigo Hills! This
location offers everything a buyer in Highlands Ranch could want. A
neighborhood elementary school, community pool, miles of trails,
access to shopping; its all right here! (SOLD!!)
MyTownCryer Concierge ServicesThis month Im taking the
opportunity to list a few of my clients/customers that offer great
service, competitive prices and a friendly approach to doing
business in the Denver Metro Area: Dawn Mortimer: Photography -
[email protected] Shawn Kelly: Interior Design Solutions -
[email protected] Ron Davis: Home Media - [email protected] Jerry
Nelson: Handyman/Construction - [email protected] Scott Moody: Wood
Flooring - [email protected] Mathew Rabii: Plumbing -
[email protected] Doug Novatny: Mold/Restoration/Crawl
Space - [email protected] Brien Schlomer: MudJacking -
[email protected] Bo & Dawn: Air Comfort/HVAC -
(303) 841-0211 Josh Collins: Electrician -
[email protected] Willy: Dwaynes Appliance Service
(303) 740-9027Community Spotlight - Foxfield, CO.Welcome to
Foxfield, Colorado! The Town of Foxfield is located in Arapahoe
County approximately 10 miles SEof Denvernear the intersection of
Parker and Arapahoe Roads. Foxfield's close proximity to downtown
Denver and the Denver Tech Center, their large lot rural
residential horse properties, mountain views, independent spirit,
small town atmosphere, and a growing commercial district make it a
desirable place to call home.Here are the facts:
Incoroporated................1994
Population.......................900 Total Area(sq
mi.)..........1.25 Number of homes...........280
Although small, Foxfield is an active market with anywhere from
5-10 active listings at any given time. If you have a deeper
interest, please follow this link to a history of sales activity
over the last three years.Whats New, Whats Hot & Whats
Happening?What is 4G and why all the hype? Here is a quote from the
cnn.com website: 4G is a loose term for the fourth generation of
cellular communications, offering speeds that are about 10 times
faster than they are on current third-generation, or 3G, networks.
Its higher data speeds could make Smartphones much more comparable
to PCs, giving them better multimedia and gaming capabilities. In
fact the new iPhone 4 will allow you to video chat, meaning instead
of texting you can dial someone on your phone and look at each
other while you are talking!
Tip of the Month:
On many refrigerators, there is a set of condenser coils
underneath or behind the unit that are cooled by a condenser fan
motor. If these coils get packed with dirt, the refrigerator will
not cool properly.
Go here to order a brush for cleaning the condenser coils.Family
HappeningsWow! Everything is too quiet. June came in like a lion,
but as we head into the holiday weekend, relative calm is upon us.
Nobody is in the hospital; everyone is out of school for the
summer; the hale storms have subsided; its a good life! Gainful
employment seems to be the rule. The lamb has arrived. Heres the
rundown. Dees is finished with her lacrosse tournament in Vail with
great fun and camaraderie. Now, Im going to get her up another 14er
before summer is over. Carolines iPhase3 had a very successful
conference. They are putting together quite a potential customer
base! Its too early to predict success, but all the right
ingredients are in place. Andrew is busy working. As typical, he
has more than one job going at a time. From food expediter at Lime
to Farmers Market entrepreneurial enterpriser to cook at a camp,
hes doing it all this summer. William continues to heal. He is a
master at inventive liquid diet menus. Its mostly good news. He is
learning all sorts of things about diet, nutrition and food
allergies. Just starting back on solid food has its ups and downs.
We are optimistic about getting that sparkle in his eyes and big
smile back. Ill keep you posted.I bagged another 14er this month.
Torres Peak with Caroline and Dee. The day and the view were
spectacular! Im planning a 14er assault every month til September
with this big old body. Get on board, the more the merrier!Green
Stuff & MoreThis will become a collection of things you can do
to make your home more efficient: Top 10 Energy Payback
Projects
Denver Market Watch 2009 (2010 coming soon)Follow this link to a
comprehensive presentation of year end market data at, The Denver
Market Watch Year End 2009. You will find it informative! Also,
Wells Fargo provided a very informative weekly update. Ive uploaded
it for you here: WEEKLY ECONOMIC UPDATE.Oh, By the WayIf your
spouse, partner, family member, business associate or friend would
like to be added to my Newsletter list, Id be happy to oblige.
If on the other hand, you would like to be removed from my
mailing or have it sent to a more convenient personal email address
just click on [email protected] and type add,
change of address or remove in the subject line and Shelby will
take care of you. My intention is to not intrude but to add value
to your world.
BTW Do you know someone who is considering buying or selling a
home? If so, please give me a call and tell me about them. I would
be honored to have the opportunity to help them realize their real
estate goals.
As always, I couldnt be more thankful for the positive feedback,
numerous referrals and repeat business that has graced me over the
years; Thank You!
Tom Cryer, SCRP Broker Associate RealtorThe Kentwood Company5690
DTC Blvd., #600WGreenwood Village, CO 80111 303-638-3202(O)
303-773-3399(F)
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