Park City, Utah — a mansion fit for a Bond villain, or maybe Bond himself, is being constructed. While many of us were busy deciding whether or not to put on pants for our Zoom meetings (or months off) during the shutdown, Matt Alcone of Alcone Ventures bought some land for this surreal project. Based on the James Bond movie Spectre, this… [Read More]
Market Trends Report | SEP. ’22📺
All major statistical categories point towards the market slowing down. Days in the MLS went up 120 percent since last year at this time, and the close-price-to-list-price ratio dropped below 100 percent for the first time since July 2020 to 99.41 percent. Meanwhile, the median sales price decreased 2.54 percent from the previous month. “While… [Read More]
AUG/SEP 2022 NEWSLETTER 🎙️
TO MOAT, OR NOT TO MOAT? IS THAT EVEN A QUESTION?! While most of us “normal people” are busy deciding what color to paint a room, uber-wealthy architects have some tough choices regarding the design of their luxury estates. In this month’s example, this guy must have thought, “If I’m going to build a castle,… [Read More]
Market Trends Report | AUG. ’22📺
The data confirms that the Denver Metro area is no longer in a shifting market. Instead, it has shifted, and the real estate market is more balanced. Month-over-month, the market is down 3.33 percent but compared to last year, it is still up 11.04 percent, indicating that a more balanced market, combined with slightly decreasing… [Read More]
JULY/AUGUST 2022 NEWSLETTER 🎙️
PURCHASES ARE DOWN…IS THE SKY FALLING? Locally, housing inventory is back on the rise after what felt like the most competitive two years. Colorado buyers have slowed their frenetic pace, and many have completely hit the brakes on their home purchases. They are afraid of the current recession and how bad things may get. Rising… [Read More]
Market Trends Report | JULY. ’22📺
As month-end active inventory skyrockets, the Denver Metro hit a new record for the average price of attached properties at $504,193. At the end of June 2021, Denver Metro ended with 3,122 properties on the market. It has almost doubled over the year, with a total of 6,057 properties currently sitting on the market. Buyers… [Read More]
JUNE/JULY 2022 NEWSLETTER 🎙️
A quick anecdote before we dive into the current state of housing inventory: While most of us have started to sweat every time we fill up our gas tanks or pay the energy bill, wealthy buyers in Aspen are trying to outbid each other on ultra-luxury homes that are not even for sale. As the… [Read More]
Market Trends Report | JUNE. ’22📺
After consecutive months of appreciation, negotiations, and bidding wars, modest numbers this month became a sign that the market has returned to a semblance of ‘normal.’ The housing market ended May with 3,652 properties on the market, representing an increase of 448 properties from the previous month, which is seasonally on-trend. In addition, closed sales… [Read More]
MAY/JUNE 2022 NEWSLETTER 🎙️
HOUSING MARKET UPDATE A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. — Many people I have spoken with have no idea what to think about the current housing market. The media leads people to believe that we are in another housing bubble but that it’s a “different type… [Read More]
APR/MAY 2022 NEWSLETTER 🎙️
What Does Rising Inflation Mean for Real Estate? Not only have high winds been relentless this month, but the winds of change may also be upon us. Anyone not living under a rock has probably noticed higher prices for gas, groceries, and just about everything else. Although the inflation rate was already rising at the… [Read More]