Monthly Roundup January: DMAR in the News
Our Association caught the attention of several major media outlets this month including the Inman, Denver Post, Denver Business Journal and REALTOR®Mag.
Inman
A day in the life of two top producers (By Ann Turner, DMAR's CEO)
Between listing appointments, market research, lead generation and constant client communication, achieving the title of a top producing real estate agent is no easy feat. Cultivating success in real estate is about diving in head first, being flexible and formulating lasting and genuine relationships with both buyers and sellers to encourage great experiences and repeat business. If anyone understands the daily demands of the real estate industry in a hot market, it's Anne Dresser and Cesar Reyes, Denver Metro Association of REALTORS® (DMAR) members and DMAR 2017 Excellence Award recipients. Anne Dresser, of LIV Sotheby’s International Realty, was honored as the no. 1 top producing agent for both number of transactions and total sales production, and Cesar Reyes, the managing broker of Megastar, represents the no. 1 top office (one to five agents) for number of transactions and no. 3 top-office (one to five agents) for total sales production. Read more...
Denver Business Journal
Metro Denver housing inventory plummets
Residential listings on the market dropped 24.89 percent from November, according to the Denver Metro Association of REALTORS®' monthly housing data. The record for December was in 2007 when 24,603 homes were listed. This year, there were 3,864. According to Steve Danyliw, chairman of the DMAR Market Trends Committee, that is a new all-time low. "The lack of active listings should concern us all," Danyliw said. "Only time will tell if sellers will choose to stay in their current homes, afraid that they won't be able to find a replacement." Danyliw also noted that December is typically the slowest time of year for homes going under contract. He also said the number of homes sold in 2017 were up from 2016. Read more...
REALTOR®Mag
Find More Starter Homes for First-Time Buyers
The typical profile of a starter home is a 1,500-square-foot property with two or three bedrooms and one or two bathrooms. But price points for these properties have not remained consistent, so buyers will have to adjust their expectations. “It’s a real challenge to make sure we have enough inventory for the first-time home buyer,” says Steve Thayer, chair of the Denver Metro Association of REALTORS® and broker-owner of The Thayer Group at Keller Williams Action Realty in Castle Rock, Colo. “We don’t want to price those people entirely out of the market.” Read more...
Denver Post
Metro Denver home sales and prices hit new high in 2017; inventory at record low
In a sign of how far the market has come, the homes sales volume back in 2011 was around $9.9 billion, according to the report from the Denver Metro Association of REALTORS® (DMAR). The report is based primarily on resales of existing homes but includes a small number of new homes. Inventory shortages continue to drive price gains. As the year ended, there were only 3,854 homes on the market, a record low and slim pickings in a metro area of 3 million residents. Between 1985 and 2016, buyers had on average 13,702 homes available at the end of December. Read more...
Complete coverage report for January
