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MetroWest Advertiser 3

February 1, 2024 ADVERTISEMENT

How Much Did Home Sales Fall in 2022 and 2023, and Was It a Record Drop?

At right is a chart showing the number of residential sales within a 25-mile radius of downtown Denver over the past 10 years. I was inspired to do this research because I read in an email newsletter that the nationwide drop for 2023 versus 2022 was the biggest drop in 30 years. As you can see, however, here in the Denver metro area, the 2023 drop in sales was the biggest drop since… the prior year! Moreover, the drop in 2022 was only so big because the increase during the first full year of Covid was so big. As I said, my statistics were for the area within 25 miles of downtown Denver, which I consider to be a reasonable definition of “metro Denver.” The Market Trends Committee of the Denver Metro Association of Realtors uses the same data source as me, namely REcolorado.com, but they define “metro Denver” as 11 counties, many of which extend far from downtown Denver. Here’s what the same chart looks like using those criteria: (11-County Metro)

(Full MLS)

the metro area distort the figures enough to paint a less than accurate picture of the Denver metro market. I’ve added a third chart above top right, this time using the full REcolorado database, which covers much of the state. It’s common to refer to REcolorado as the “Denver MLS,” but it can and does include listings from all over the state. There are other MLSs in the state, but if a listing agent wants to reach Denver buyers, as he or she should, then entering those farflung listings on REcolorado is a must. The third chart tells an important story. If you recall the beginning of the Covid-19 pandemic, workers throughout the state (and country) were forced to work

from home. When it looked like the pandemic was going to linger, many of those workers decided that working at home could be a long-term arrangement. Moreover, they wanted to move somewhere that was less populated, so they wouldn’t be rubbing shoulders with possibly infected neighbors. That caused a huge surge in out-migration from Denver, which is best reflected in the third chart, where the slow market in rural listings pulled down the statewide average — until the pandemic. Looked at statewide, you’d think that the big drop in 2023 sales was more of a return to pre-pandemic levels than an absolute drop — which it certainly was if looked at on the metro Denver level.

REcolorado has released the rules for a new kind of listing called “Private Exclusive.” It replaces an earlier status called “Office Exclusive,” which made listings by individual brokers only visible to fellow agents in their office, which I felt discriminated against brokerages with fewer agents, like Golden Real Estate.

many sellers wanting to limit the exposure of their listing so drastically. When a listing is active on the MLS, it is displayed not only on REcolorado and other regional MLSs, it is displayed on Zillow, Redfin and every other consumer website, including the websites of virtually every brokerage including Re/Max, Coldwell Banker, Century 21 — and Golden Real Estate. The one likely application for this non-public status would be if the home is in a multi-million dollar neighborhood and is owned by a sports star or celebrity who values his or her privacy, and the listing agent has sold scores of such homes and has a huge personal database of prospective buyers, including other celebrities and ultra-rich persons. The motivation of our MLS to create this new status was to maximize the accuracy of its sold database. When a home is sold off-MLS or as a pocket listing, it’s less likely to be posted on the MLS once it has sold, thereby limiting its visibility to appraisers and other agents looking for comparable sales. When a private exclusive listing is sold, it must be updated with the sold price and terms and is then fully visible as a “closed” listing for all to see, including on those consumer websites like Zillow, homes.com and others. Large brokerages still have an advantage over us smaller brokerages, because other agents within the brokerage can search for and find those listings. They have the same sharing limitations as the listing broker.

MLS Introduces ‘Private Exclusive’ Listings to Combat Pocket Listings

I have been trying for years to get the Market Trends Committee and other real estate statisticians to switch from using the county definition to using the radius definition of the metro area. At right I have overlaid the 25-mile radius of downtown Denver over the 11 counties used by DMAR and other statisticians. Clearly, the rural components of those 11 counties which touch

This Column Is Now Published on Substack

Everything you read in this ad each week is published at http://RealEstateToday.Substack.com and comes to you by email automatically each Wednesday. I also write a political column you might like. Find it at http://TalkingTurkey.Substack.com. I’m on a world cruise until May 6. Read my travelogue at http://WhereAreJimandRita.Substack.com. I have free cell and email, so feel free to contact me.

The new status is intended for sellers who desire a higher level of privacy, by not publicizing widely that they are selling their home and for how much. Under this status, the listing agent cannot put a sign in front of the house and can only promote the listing one-onone to other agents or to prospective buyers in his or her sphere of influence. That means that the listing may not be promoted on social media or be mass emailed, and will not be displayed on the MLS or consumer-facing websites like Zillow until it has sold. The problem with “private exclusive,” of course, is that it severely limits the number of potential buyers who will see it. The advantage for the listing agent of off-MLS listings or “pocket listings” is that he or she is more likely to “double-end” the sale and not have to give half his listing commission to the buyer’s agent. That’s why the listing agent is required to affirm during the listing entry process that the seller requested keeping the listing private, and that that the seller was informed of the implications of not being displayed on the full MLS. With such an affirmation, if valid, it’s hard to imagine

No Real Estate Brokerage Exposes Your Home to As Many Buyers As Golden Real Estate Does

If you choose one of our broker associates or me to list your home, it will be featured in this weekly ad. But did you know how many newspapers this column appears in? It appears every Thursday in all editions of the Denver Post’s YourHub section, plus the following weekly newspapers: Arvada Press, Brighton Standard Blade, Canyon Courier, Castle Pines News-Press, Castle Rock News-Press, Centennial Citizen, Clear Creek Courant, Commerce City Sentinel Express, Denver Herald-Dispatch, Douglas County News Press, Elbert County News, Englewood Herald, Fort Lupton Press, Golden Transcript, Highlands Ranch Herald, Hustler 285, Jeffco Transcript, Littleton Independent, Lone Tree Voice, MetroWest Advertiser, Northglenn-Thornton Sentinel, Parker Chronicle, South Platte Independent & Westminster Window. Total circulation is over 300,000!

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Broker/Owner, 303-525-1851 Jim@GoldenRealEstate.com 1214 Washington Ave., Golden 80401 Broker Associates: JIM SWANSON, 303-929-2727 CHUCK BROWN, 303-885-7855 DAVID DLUGASCH, 303-908-4835 GREG KRAFT, 720-353-1922 AUSTIN POTTORFF, 970-281-9071 KATHY JONKE, 303-990-7428

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4 MetroWest Advertiser

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February 1, 2024

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Delores “Lori” Ann Lauer

February 6, 1943 - January 4, 2024

Delores “Lori” Ann Schreibvogel was born to Margaret and Herman February 6, 1943, in Denver. She was number 6 in the Schreibvogel line up of 9 children. Lori was a good student even though she did not like school. She especially recalled feeling embarrassed going to school with her hands stained green because they had to pick pickles before school started. Lori graduated from Adams City Highschool in 1961. Lori was an incredibly hard worker. She viewed all other work as “easy” compared to working the fields. The whole family worked as hard and as a result they never did without. They shared beds and bath water, but those were the things that made them a family and Lori wouldn’t have changed a thing. Lori moved to Texas for a very short time. It wasn’t for her, so she came home after a short while. Lori was also a beauty school drop out! She loved the textbook aspect, but she may have had a younger sister do her clinical work for her. From there Lori went into banking. She enjoyed her banking years and that’s the time in her life when she met the love of her life Bob Lauer. The 2 were married April 11, 1970. In November they welcomed their 1st daughter Wendy. 2 Years later the couple welcomed their 2nd daughter Robin. Lori blessed their family with another daughter Julie who she selflessly gave up for adoption in 1968. This was a decision Lori struggled with for over 50 years. Recently Lori was able to forgive herself and was able to spend some priceless moments with Julie.

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Lori wanted to work but Bob didn’t want strangers to raise their girls. So, L&S draperies was born. Lori and her sister Shirley made beautiful custom draperies out of the basement of their home. This isn’t the only family business Lori was involved in. Lori and her 4 sisters also had a homemade noodle business lovingly called “5 Sister Noodles”. Lori’s biggest love was her family. She loved helping raise both Deiter and Maxfrom infancy. There was no greater joy in her life than her grandsons Roman, Deiterand Max. She also loved feeding her loved ones. She was never happier than when her little house was full of people for her to feed. Not to mention she had magic hands. She could

make a bologna sandwich taste better than the finest cut of meat. Lori and Bob further expanded their family when in 1991 they opened their home and hearts to exchange students. Over the years they hosted girls from all over the world. Mexico, The Czech Republic, Spain and France, just to name a few. One prerequisite was the students had to like to play cards. Because as you all know, Lori would play games for hours. She would have played hopscotch if someone would play with her. These ladies remain a huge part of our family today and always will. When Robin opened Lauer Krauts in 2006, she came to work. Lori would tell all the customers that Robin owned the business, but she was the BOSS. Everyone knew who was really in charge. She loved to be there and worked circles around everyone half her age. She just couldn’t believe that we would make it and people would come buy it. Lori is the reason for Lauer Kraut success. It will never be the same without her, but it is what it is because of her. Lori loved to golf, and she was good at it. Her favorite trips were when she and Bob would just pack up their clubs and just take off. They often times did not have a destination but would find off the beaten path little courses and have the time of their lives. Lori’s faith was strong and never wavered. She was unapologetically Catholic. She was a fierce Rosary praying warrior and her faith was her cornerstone. Lori’s life was full of love and family. January 9, 2022, she lost the love of her life when Bob passed away. She could not wait to be reunited with him. Just shy of 2 years later she received her heart’s desire and God’s grace and mercy. Lori passed away peacefully at home January 4, 2024, surrounded by her family, just the way she wanted it. Lori is preceded in death by her parents Margaret and Herman, her siblings Butch, Ken, Mary, Jim, Shirely (Ted) Younger, sonin-law Roberto Layva Lizarraga, and Bob and her husband Bob. Lori is survived by her sisters Carol and Dian. Her daughters Julie (Alfred), Wendy, and Robin (Dave) and her grandchildren Jordan Langland, Roman Lopez, Deiter Leyva and Max Trujillo.

6 MetroWest Advertiser

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February 1, 2024

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