Real Estate Showdown Super Bowl Denver Vs Seattle

Real Estate Showdown Super Bowl Denver Vs Seattle

Well folks, this is it. The moment we hoped and dreamed would come since the first preseason game…heck, since the minute last season’s playoff game ended in double overtime. Redemption, baby, plain and simple. This is the final installment of the Real Estate Showdown this season and frankly, I’m thrilled to be writing it because it means the Denver Broncos have made it to the Super Bowl. This is the first year of the Real Estate Showdown and we made it all the way. Coincidence? Maybe. I’m writing this edition in the basement, eating a quinoa with my buddy, Ramsey, so I’ll be the first to tell you, its only weird if it doesn’t work.

When I heard the Broncos would be playing Seattle in the Super Bowl, I got really excited. No, not because of all the marijuana puns (by the way people, just stop with those. They stopped being funny at 8AM on Monday), but because this is a winnable game for the Broncos and I’ll tell you how. '

Stop the run (in all forms)

Seattle is one of the most run heavy teams in the league. Their quarterback is a natural runner after all! So what do the Broncos need to do? Well I’m just a simple real estate man but it seems to me the answer is stop the run. Put a spy on Russell Wilson so you can negate his running plays. Force him to throw down the field. In the last 4 games of the season, Russell Wilson was 2-2 with 4 touchdowns and 3 picks. Of his six lowest passer rating games, 3 came in the last 4 weeks. He is not a quarterback on fire right now. Make him earn his ring.

The bigger they are, the harder they fall

This is the first time since Super Bowl XXV that the number one offense has faced the number one defense. What happens when an unstoppable force meets an immovable object? For the Broncos sake, that object better get out of the way! Meaning if any one can figure out how to score on a defense that can’t be scored on, it better be the team that scored 606 points in the regular season. Sure Seattle has Richard Sherman but that’s one guy and the Broncos have too many weapons for Sherman to cover.


Seattle Don’t know what they don’t know

Talk about a perfect situation for the Broncos to face! Rather than face a team who was just there last season, the Broncos  get to face an immature team. Richard Sherman’s beyond moronic rant at the end of the NFC Championship game shows they do not know how to “Act like they’ve been there before.” That means without experienced leadership, the players should get caught up in the distractions, media frenzy and hype. Let Richard Sherman stand in front of the red light of the cameras so long that he forgets to practice. The Broncos will do what they do best, “Act like they’ve been there.”  
 

Our final week of the Real Estate matchup features the Emerald City and the Mile High City, which unfortunately have become marijuana euphemisms. However you don’t need to be high to enjoy this matchup (ahhh, see what I did there?!). These statistics was gathered via the National Association of Realtors, the Denver Metro Association of Realtors and Washington 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%  


Seattle, Washington
Average Sales Price: $422,700
Months Supply of Inventory: Not Reported
Percent Change in Average Sales Price (Previous Year): 8.34% Increase
Percent of Home Ownership: 48% 
Home Vacancy Rate: 3.2%
Income Per Capita: $41,695 
Unemployment Rate:  4.7%


Based on these numbers, its hard to argue that Denver  is the stronger market. Denver only leads in 2 statistical categories: Percent Change in Average Sales Price (Previous Year) and Percent of Home Ownership. Since the NFL plans on pulling out all the stops for the Super Bowl, lets go ahead and do the same here. Bonus Statistics!


Denver, Colorado

Job Growth (Last 12 months): 2.9% Increase
Single Family Housing Permits (12 Month Change):48.6%
Increase Median Home Price to Income: 2.2x

Seattle, Washington
Job Growth (Last 12 months): 2.3% Increase
Single Family Housing Permits (12 Month Change):33.7% Increase
Median Home Price to Income: 2.6x

These three statistics are paint a very vivid picture of the market in these cities. Obviously job growth helps fuel local housing demand. Its better in Denver. New construction permits are also a very good sign of a healthy market as typical homebuilders only build in healthy markets. Its better in Denver. Median Home Price to Income is an indication of housing affordability. Typically lower the number, the more affordable the market. Its better in Denver. See a pattern here? Last but not least, I would not be doing my job if I did not mention this very important statistic: Denver  has an average of 245 days of sunshine compared to 152 in Seattle. I rest my case.
     

There you have it folks, an entire season of Broncos action as seen through the eyes of the real estate community. Its no secret, Denver  is truly the best place to live in all of the United States. The best reason, of course, being that  you get to cheer on Peyton Manning and the Denver Broncos! The Real Estate Showdown will be back in a little over 200 days. 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 24th 2014
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