Real Estate Showdown Playoffs Denver Vs New England

Real Estate Showdown Playoffs Denver Vs New England

The absolute best quote of the entire NFL season came at the end of the Denver Broncos vs San Diego Chargers game last Sunday. When asked whether the thought of him retiring soon weighed heavy on his mind, Peyton Manning quipped, “The only thing on my mind right now is how soon I can get a Bud Light in my mouth.” If that is not the man you want leading your football team then I don’t know who is. Now if Peyton had been thinking clearly and remembered where he was, he might have gone with ‘Coors Light’ but I’ll let that one slide.

I don’t think anyone thought last week’s game would be a cake walk and they were right. The game started out promising for the Broncos  but quickly took a turn for the anxious as the Broncos slowly let their large lead slip away. The point is they held out and that’s all that matters.

This week, the Broncos  have the wonderful fortune of Tom Brady, Bill Belichick, his stooge McDaniels and enough video equipment to make the NSA jealous (confused? See Spygate). Do I think Tom Brady and Bill Belichick are smug? Yes. Do I think they are one of the best coach/QB tandems of all time? Also yes. Do I think Junior McHoodie a swift kick for how he screwed up the Broncos while he was here? Once every day and twice on Sunday. Although I suppose if it wasn’t for his incompetence, we wouldn’t have been in a position to pursue Manning. Scratch that, I don’t want to give him any credit for anything.

I’m going to skip my keys for the game this week. Why? Because we are going to witness a chess match between two teams that have at one time scored the most points in a season. That would be like me telling the Beatles how to write songs. I’d rather sit back, cheer and stick a Bud Light in my mouth.

This week’s Real Estate matchup features two of the best cities in America in terms of market health: Denver, Colorado versus Boston, Massachusetts.  We had this matchup earlier in the season and it was a close contest. Lets see if a few months makes any difference. These statistics was gathered via the National Association of Realtors, the Denver Metro Association of Realtors and Massachusetts 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%  

Boston, Massachusetts
Average Sales Price: $295,000
Months Supply of Inventory: 2.8
Percent Change in Average Sales Price (Previous Year): 3.5% Increase
Percent of Home Ownership: 35% 

Home Vacancy Rate: Not Reported
Income Per Capita: $33,158 
Unemployment Rate:  7.1%

Well folks this one has definitely turned into another nail biter. These numbers are remarkably similar to each other. Boston has a higher average sales price but Denver’s appreciation is higher. Boston’s Month’s Supply of Inventory is higher but its hard to really quantify the difference as better or worse. A lower MSI means its more of a Seller’s market but can also mean more sales activity. Homeownership is higher in Denver but per capita income is higher in Boston. Overall I would give the edge to Denver but by the slightest of margins. The deciding factor being the percent change of average sales and the homeownership rate.

Check out the final Real Estate Showdown during Super Bowl week as we break down the AFC and NFC representatives. 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. 

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Dated: January 16th 2014
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