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It is still too hard to tell what’s happening, how things will shake out, and ultimately what real estate will look like 6 months from now, let alone next year. Here is what we do know: Homes going under contract/pending in May were happening at weekly record paces Showing activity has rebounded, but still around […]
What day was it again? Or was it just me that often couldn’t tell what day of the week it was? As the state (and country) begin to ease stay-at-home orders, I thought it would be interesting to reflect back on the last two months of quarantine (or however you refer to the last two […]
April numbers are out. I don’t read any of the commentary from my fellow realtors on that board. My own interpretation and experience is the following: Generally speaking, activity was down by about half of what it would have normally been (using last year’s activity). If we looked at the showing activity that I had […]
The state Shelter At Home (SAH) order expires today. However, many Front Range counties extended their (SAH) order through May 8th. For the last two-plus weeks, showings were not allowed. Photography, staging, and other home preparation were not permitted. However, people were still doing it. As a result, there has still been home sales activity. See […]
Activity has finally fallen off a cliff. Yet there are still homes being listed and sold. Look at the chart provide by Megan Aller of First American Title. There is a lot on the chart, but essentially it is demonstrating that showing activity is down over 90% from the peak week. Yet, homes that went […]
“What the heck is going on?” With so much up in the air right now, you might be wondering if there is anything of value that I can provide in this update. So…it seemed then that the place to start would be with the most common questions I’ve been fielding: • Are people still buying […]
New restrictions This past week real estate was finally classified as ’non-essential’ by state authorities. That means real estate agents are not allowed to be marketing and showing property. However, it is okay to complete transactions already in progress. As mentioned in previous writing I felt like this course of action should have been the rule […]
Here are the showing numbers for March showing activity in the 11 counties on the Front Range, provided by the ShowingTime showing service: Showings are now very few and far between $1mm – $2mm, and have become almost non-existent above $2mm. On the other end of the spectrum, there are still almost 700 showings a […]
Denver has shelter in place / stay at home – whatever it’s called. Other cities/counties seem to be following. Real estate is considered ‘essential’ – along with ancillary services. However, is that a good idea? What if a buyer, or a tradesperson, or someone else involved in the transaction, has the virus and unknowingly gives […]
[Disclaimer to put on all COVID writing: We are in a very fluid situation. We are making our best guess at an given time as to how this might play out and we can move forward successfully. It is very likely something said today seems completely ridiculous given a change of events 3, 4, or […]