Metro Denver Colorado Home Prices Stable

August 4th, 2008 Jim Slinkard Posted in Keller Williams DTC News No Comments »

PMI Mortgage Insurance Company released its Summer 2008 Market Risk Index (SM), which ranks the nation’s 50 largest metropolitan statistical areas (MSAs) according to the likelihood that home prices will be lower in two years. In general, risk continued to intensify in many of the MSAs where home price growth had significantly exceeded historical norms during the housing boom, but continued to decline in many other areas across the country.

The highest risk of future declines remains in Riverside-San Bernardino-Ontario, CA (95.5), followed by Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (92.2) and West Palm Beach-Boca Raton-Boynton Beach, FL (91.9). The areas with the lowest risk of price declines are in Fort Worth-Arlington, TX, Dallas-Plano-Irving, TX, Pittsburgh, PA and Denver-Aurora, CO, each at less than one percent chance.

The risk of lower prices in two years declined in 35 of the nation’s 50 largest MSAs, and among all 381 MSAs, 326 experienced a decline in risk. Among the top 50 MSAs, 16 ranked in the two highest risk categories, and among those, 15 were in California, Florida, Nevada and Arizona. Risk of lower prices in two years is greater than 50 percent in all of these MSAs.

A complete copy of the Summer 2008 PMI ERET report and an appendix that provides data for all 381 MSAs is available at: http://www.pmi-us.com/eret.

Jim Slinkard

Broker/Owner

Keller Williams Realty DTC

303-771-7500

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THE DENVER COLORADO REAL ESTATE MARKET & TODAY’S PROSPEROUS REAL ESTATE AGENT

July 16th, 2008 Jim Slinkard Posted in Keller Williams DTC News No Comments »

The Denver real estate market of late has been difficult for most agents & their clients and for others it has been phenomenal. The reason is the market shifts gradually on a regular basis. Most agents don’t maintain high levels of ongoing training, education & coaching. For them, it’s business “as usual”, which doesn’t work in most markets. For the prosperous agent, change is welcome, because it brings opportunity to rise above the “victim” agents.
 
Case in point – our DTC office is the only single office of any of the top 12 in the Metro Denver seven county METROLIST area that has trended upward in closed unit sales the past 3+ years. The reason is that we have been able to serve today’s more sophisticated & knowledgeable homes buyers & seller with agents who are constantly trained, educated & coached at very high levels to provide the very best counseling, advice  & service to their clients.
 
Five years ago we made a commitment to find an individual who would put together & deliver the most comprehensive & sophisticated training/education programs for our new, intermediate & advanced agents. His name is Mr. Larry Girard. Larry has over 20 years experience in real estate training & was responsible for training for three major Colorado real estate companies at their regional levels.
 
The immediate future for the Denver Metro real estate market is very bright. From previous years, METROLIST inventory is down, foreclosures are down, distressed home sale closings are down & homes sales contracts are on the rise. We are getting back to a more normal market. There is a lot of pent up demand from buyers & sellers alike. The market will shift quickly to an even market. The opportunity is great for buyers, sellers & real estate agents right now. Our agents will definitely have an advantage in this next market shift, because we’re always preparing for those changes. We don’t wait for them to happen & then try playing “catch up”.
 
Remember, Denver doesn’t trend nationally with most other cities. The forecast for our area is to be one of the top five growth areas for years to come. New home prices couldn’t be any lower & builder inventory is low. Now is the time to invest in new homes. Future new homes will cost much more & will offer less to buyers, because the cost of raw materials is way up.

Now is the time for the most professional, trained, educated & coached real estate agents (new or experienced) to counsel, advise & service home buyers & sellers to achieve their life’s goals & dreams. We’d be honored to meet with new & experienced agents to show how we can help you build careers worth having, businesses worth owning & lives worth living.

 

Jim Slinkard
Team Leader/Owner
Keller Williams Realty DTC
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