Cheri Magnuson at West + Main Homes

10/08/2022

As the Denver Real Estate Market continues to evolve and change with the weather, the question on everyone’s mind is: Are we in a buyer’s market?
Traditionally, a market with less than three months of inventory is considered a seller's market. In direct relation to that, a market with more than six months of inventory is considered a buyer's market-meaning that the sweet spot of three to six months of inventory is defined as a balanced market. This is a helpful benchmark to define our current market, which is undoubtedly changing. Currently, the $100,000 to $199,999 and $1 million and over segments for detached homes are pushing the three percent threshold, with 2.75 percent and 2.62 percent, respectively. The $1 million and over segment for attached homes is at 2.83 months of inventory. Using months of inventory as a metric indicates that we are moving toward a balanced market.

Rest of report in comments. 💙💛

10/10/2021

Here are your Market Stats for the Greater Denver Metro Area from September 2021!

+ After a relative slow down and seasonal return in July and August, September felt back to the normal red-hot speed in today’s housing market.

+ With lower inventory and fewer homes, the balance of supply and demand stayed steady, leading to another month of competition for buyers.

+ Even though prices are up over 15.11 percent year-over-year, now is still a great time to buy. With interest rates low and expected to increase, plus a seasonal increase in inventory, waiting will only cost a potential buyer more money in the future.

https://www.westandmain.co/blog/colorado-real-estate-market-report-from-september-2021

10/10/2021

When meet . So happy for my clients on the sale of their house and for the new family that gets to move in. We priced their home right and had 46 showings in 2 days. 7 offers and a super smooth closing. Congrats Ryan and Kylie!!!

08/05/2021

Your Market Report for the Greater Denver Metro Area for July 2021 is here!
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July 2021 data demonstrates that the pool of buyers continues to shrink in terms of affordability while sellers continue to list their homes in expectations of it selling higher.

While still in a robust seller's market, the July 2021 report indicates that as we head into fall, buyers will start to have more time to review properties and less competition on the number of offers overall.

The July residential real estate market reported an increased inventory of 29.92 percent, while it also represented a decrease in closings of 12.30 percent compared to the previous month, indicating a supply increase and demand decrease.

While the average closed price was 16.40 percent higher this July than July 2020 and July represented the lowest number of active properties at month's end in July’s history, with an inventory of only 4,056 properties, this number actually increased from June to July, reflecting the flow of the market.

Overall, historical perspective in the Denver market indicates that an increase in inventory and a decrease in sales volume is not uncommon in the transition from June to July. With the relative lack of inventory, it can be expected that the balance between supply and demand will stay steady through the remainder of the year.

DM me if you need a partner in navigating the real estate waters!

07/25/2021

So proud to be part of a phenomenal brokerage almost from the very beginning.

07/11/2021

with
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Colorado Real Estate Market Report from June 2021

Overall, month-end active inventory increased 50.46 percent compared to May 2021, which is the highest percentage of month-over-month increase in DMAR records. The number of new listings was up 23.89 percent month-over-month. Likewise, the number of closed properties increased 9.29 percent. More houses hit the market in June and therefore more people had the opportunity to buy, which is reflected in the month of inventory increasing to 0.50. While historically this still remains incredibly low, it does show a slight shift from the previous month which was 0.39.

“Big percentage changes happen when the market starts with the low inventory that Denver has recently seen,” said Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®. “For the first time in what feels like a long time, buyers have to compete with less competition, and therefore, the extreme bidding wars have drastically decreased. Sellers are now adjusting their listing strategy to what the comps suggest. However, while inventory did drastically increase from the previous month, we are still at less than one-third of the total inventory compared to 2019 at this time."

Overall, the theme of buyer fatigue, holiday travels and an overall decrease in buyer demand has only started to be reflected in July’s market trends report. Whenever there is a shift, whether it is seasonal or unprecedented circumstances, adjustments are made slowly. Sellers have been using comps from the peak of the frenzied seller’s market and potentially listing too high. While buyers may feel the exhaustion, the opportunity to get a house under contract at list price is beginning to grow more realistic.

DM me if you need any help navigating the sharky waters!

06/23/2021

06/10/2021

From my firm. Proud to say I’m one of the OG reps and it’s been awesome watching us grow over the last few years.

We are proud to climb the top 1000 brokerages list in the U.S. residential real estate market once again this year.

Thank you to all of our agents and wonderful clients for trusting us with your most important transactions.

“Residential real estate brokerages provide the legal mechanism for buying and selling homes, support agents with company structure and training and collaborate with local competitors to ensure the real estate market remains as healthy and fluid as possible.

The brokerage landscape is undergoing a period of rapid change. The influx of vast amounts of capital combined with maturing technology is restructuring the way homes are bought and sold and how real estate brokerages operate. Many companies founded in the last 10 to 15 years have grown rapidly and are realizing disproportionate market share growth."

See the full list and rankings for the 2021 Swanepoel Mega 1000 by T3 Sixty, link in comments...

06/03/2021

It’s hard to ignore this trend line folks. While I hope the market can start to stabilize soon- I suspect it may “level out” but it’s not going to “come down”. If you are still waiting for prices to drop.....?? I just don’t see it happening any time soon.

Interest rates are still very very low, so if you want a piece of this market, let me know how I can help. Now more than ever- it’s important to have a good realtor on your side to help wade through these sharky waters. Send me a DM if I can help. 🏡

05/06/2021

with
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💙💛 West + Main Homes has been awarded a Top Workplaces 2021 honor by The Denver Post. 💛💙

West + Main received the #2 Medium-Sized Business Ranking, and was also the highest-ranking Real Estate Company overall.

"We are beyond honored to be nominated and recognized as a Top Workplace in Denver by our awesome staff and agents again this year," said Co-Founder and CEO of West + Main Homes Stacie Staub. "Our fast-paced growth and success can only be attributed to the trust and belief in the brand that our Agents, Clients and Industry Partners invest in every day."

Thank you!! 💙💛