Real Estate Showdown Playoffs Denver Vs San Diego

Real Estate Showdown Playoffs Denver Vs San Diego

Welcome to round 2 of the NFL playoffs. If you would have asked me last Saturday what team would be playing the Denver Broncos this week, I would have bet money on the Kansas City Chiefs. But after an unbelievable collapse by the Chiefs and an unforeseen win by the San Diego Chargers, here we are. Now I think this a very winnable game, but only if the following happens:

Don’t get cocky

I’m not sure this is too much of an issue as the Broncos learned firsthand what cockiness can lead too. Last year, the Broncos entered their first playoff game as heavy favorites and looking past the Baltimore Ravens on the way to the Super Bowl. We all know how that turned out. I am willing to go out on a limb and say this is not a mistake they will make again. Win, lose or draw (there are no draws in the playoffs), the Broncos will not under estimate their opponent. The Broncos know what’s at stake. I don’t have any official stats but I will say this: Peyton Manning does not make it a habit to lose to the same team twice in one season.


Stop the run

The Chargers beat the Broncos earlier this year by employing one key strategy: run the ball. By running the ball, the Chargers were able to dominate the clock and keep Manning on the sidelines. This is a high risk, high reward strategy. If the Broncos are able to stop the run, they control field position and often give the Broncos a shorter field to work with. If the Broncos want to succeed this time around, they need to force Phillip “Cry Me A” Rivers to beat them through the air, which is a gamble.

Pedal to the metal

For the Broncos to succeed against the Chargers, they need to hit the gas early and stay on the pedal. The Chargers have proven over the last few weeks that they are not slouches. They dominated a team last week that was considered by some to be the favorite for the Super Bowl. The last thing they want to do is give Rivers hope for a win. Visit the end zone early and get Rivers tears a-flowin’ early!


Twice this year, we have analyzed Denver vs San Diego for the Real Estate Showdown and twice Denver has emerged the victor. Is the third time the charm for the city that was “founded by the Germans in 1909”? In keeping with last week’s changes, we will continue to look at month’s supply of inventory as an indicator. These statistics was gathered via the National Association of Realtors, the Denver Metro Association of Realtors and California Association of Realtors.
Denver, Colorado 
Average Sales Price: $332,184
Months Supply of Inventory: 2.25 
Percent Change in Average Sales Price (Previous Year): 10.04% Increase 
Percent of Home Ownership: 52% 
Home Vacancy Rate: 4.34% 
Income Per Capita: $32,051 
Unemployment Rate:  7.0%  

San Diego, California 
Average Sales Price: $473,360
Months Supply of Inventory: 2.3
Percent Change in Average Sales Price (Previous Year): 17.2% Increase
Percent of Home Ownership: 49% 
Home Vacancy Rate: Not Reported 
Income Per Capita: $33,135 
Unemployment Rate:  7.4% 
  


Well, no surprise here, San Diego has a higher average sales price. Why is that? Stuff’s more expensive…boom! Expert Analysis! What’s interesting is that both cities have pretty similar month’s supply of inventory, meaning both cities are in sellers markets. This means demand out weighs supply and it’s a great time to sell homes in these markets. Also the appreciation is higher in San Diego than it is in Denver. Here’s the one stat I have mentioned each time Denver plays San Diego and still trips me up: The income per capita is only slightly higher in San Diego than it is in Denver and yet the average sales price is twice as high in San Diego.


Checkout next weeks Real Estate Showdown when we compare Denver to...whoever the  Broncos play next. In the meantime, give me a call if you are thinking of buying or selling a home and would like help squashing the competition!

Matthew Koller is part of the Carr Peck & Associates at Keller Williams. Carr Peck & Associates were 6th in Denver Metro home sales out of 5,000 agents and has been recognized by the Wall Street Journal and Real Trends as one of the top selling teams in the country. For more information feel free to  
contact him   or call 303-704-3286. 

Photo courtesy of www.denverbroncos.com


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Dated: January 11th 2014
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