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Denver Metro REALTOR® e-Magazine | July 2014

The Denver Metro Association of REALTORS® has just released the latest issue of the Denver Metro REALTOR® e-Magazine!

 

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July Contents: 

Page 4 Chairman’s Message: Chairman Eric Mott discusses the growing value of your DMAR membership. 

Page 6 DMAR Government Affairs Hard at Work: Soak up these valuable updates on issues that DMAR Government Affairs is working on to safeguard the real estate industry.

Page 9 DMAR YPN RiNo Walking Tour: Event Details + Registration

Page 10 Top 10 Reasons to Renew Your DMAR Membership: Learn about the value of your DMAR membership

Page 11 DMAR Day at the Races: Event Details + Registration.

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Top 10 Reasons to Renew Your DMAR Membership

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1. We are a Powerful Community.

With more than 5000 members, DMAR is the largest REALTOR® Association in Colorado. With a presence in 11 Denver Metro counties, 3 offices, and 10 staff members, we are a connected network of professionals that passionately support REALTORS® in pursuit of success.

2. We help you grow with Premier Education.  

Enhance your career and increase your earning power by taking advantage of the outstanding annual educational events and REALTOR® professional designation courses, including SRES, CIPS, NAR Ethics Update, Tech Tuesday and much more!

3. We help you thrive through Networking Connections.

With major annual events, and weekly networking opportunities we help you connect with like-minded people, and give you access to nationally recognized speakers, as well as top influencers in the industry.

4. We lead Dedicated Advocacy for your business.

Your membership supports a powerful Governmental Affairs program that year after year has successfully defended key issues that protect the industry, home-ownership, and your right to conduct business.

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DMAR Real Estate Market Update | July

Denver Metro Area Condo Market Sizzles, Well-Qualified Buyers Positioned to Absorb Prime Opportunities

DMAR reports record closed dollar sales volume for the last 11 months, culminating at 1.9 Billion

DMAR just released the July Real Estate Market Update, reporting important trends emerging across the Denver Metro area. It includes data from Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties.

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The July report, released by DMAR’s Market Trends Committee, contains perspectives and valuable insight from REALTOR® experts on current local real estate market trends and issues. The report cites data for the month of June 2014, which recorded the highest closing dollar volume ($1.9 Billion) in the past eleven months.

The availability of active listings remains limited, showing a decrease by 5.15 percent compared to last year.

“Year-over-year, buyers looking to purchase single-family homes in the $200,000 or lower price range are feeling somewhat squeezed out of the market, as nearly 53 percent fewer properties were sold in June, compared to this same period in 2013,” states Anthony Rael, DMAR Market Trends Committee Chairman. “This trend has everything to do with the continued lack of supply, as buyer demand remains very strong, and 30-year mortgage interest rates continue to hover below 5 percent.”

The Condo Market continues to be hot, and is on a record setting pace.

“For condo buyers looking to purchase properties above $100,000, year-over-year sales proved that well-qualified buyers could absorb the abundance of listings, and were positioned to take advantage of firsthand opportunities. In particular, condo prices $500,000 to $699,999 spiked by an astonishing 166% when compared to the same period in 2013During this same period, the median sales price for condos decreased $1,000 to $182,000, which is still up nearly $20,000 from the same time period a year ago,” states Anthony Rael.

Advice for sellers: 

“Sellers wanting to capitalize on the remaining hot summer selling season, should find a trusted REALTOR® to work with that prices your property correctly for current market conditions,” adds Rael. “Accurate pricing helps to avoid the pitfalls of delaying or losing a transaction completely, if the appraisal comes in a little light because the contract price cannot be justified.”

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Events

Upcoming DMAR Events | July 22

NETWORKING EVENTS AND EDUCATION

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Here is an updated calendar of upcoming networking events and education.


 

EVENT: DMAR Day at the Races

 

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WHEN: August 8 | 11:30 a.m. to 4:00 p.m.

WHERE: Arapahoe Park Racetrack | 26000 E. Quincy Avenue, Aurora CO 80016

WHY: Be a part of an exclusive RPAC Event! This is your chance to network and celebrate those who help protect the real estate industry; as well as protect REALTOR®-friendly policies by recognizing top influencers and RPAC contributors.

RESERVE YOUR SPOT

 

 


 

EDUCATION: Tech Tuesday | The Mobile REALTOR® – There’s an App for That

 

WHEN: July 22 | 1:00 p.m. to 2:30 p.m.

WHERE: DMAR Central Office | 4300 E. Warren Avenue, Denver CO 80222

WHY: Learn how to run a mobile office, what the essential tools needed are when going mobile, your mobile business strategy, and the top REALTOR® apps to have and how to use them. This class is a must for any REALTOR® looking to maximize their business through the help of mobile tools and strategies.

REGISTER

 

1stBank_logoSPONSORED BY: JOE FORTNA | 303-336-2140


EDUCATION: Metrolist | Market Place Vendor - Cloud CMA

 

WHEN: July 23 | 11:30 a.m. to 1:00 p.m.

WHERE: DMAR Central Office | 4300 E. Warren Avenue, Denver CO 80222

REGISTER JULY 23

 

-OR-

WHEN: July 24 | 1:00 p.m. to 2:30 p.m.

WHERE: DMAR West Office | 950 Wadsworth Boulevard, Lakewood CO 80214

REGISTER JULY 24

 

WHY: Learn how to make beautiful design, photographs, and integrated data. Your clients will be blown away with a report that took seconds to create!  These professional reports will help you win more listings and write more offers.

 


 


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Why be a Member?

Membership in the Denver Metro Association of REALTORS® puts you in the company of over 5,000 real estate professionals in the Denver Metro area who are dedicated to professional excellence. It also provides automatic membership in the Colorado Association of REALTORS® (CAR), and the National Association of REALTORS® (NAR), which is the largest trade association in the world, exceeding 1 million members. Learn about member benefits at the link. Read More . . .





Membership Benefits and Resources

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REColorado is just one of the resources the Denver Metro Association of REALTORS® provides you. You can find more information about REColorado and other programs at our RESOURCE page. Read More . . .