1,200+ Metro Area Homes Are Sitting on MLS – No Bidding Wars for Them

No buyer wants to be in a bidding war, but there are many listings on the MLS that aren’t selling, and submitting an offer won’t put you into a bidding war. You might even buy them for less than their listing prices.

As I write this on Sunday, there are 1,241 active (that is, unsold) listings on the MLS within 25 miles of downtown Denver that have been active 10 or more days. There are 764 that have been active a month or longer, and 483 that have been active 60 days or longer. And it’s not as if those 483 listings are in the boondocks. The map shown here (from REcolorado) shows where they are.

483 Homes on the MLS for 60 Days or Longer

As I’ve written before, any agent can set you up to receive only listings which have been on the MLS a certain number of days. It is a good way to avoid bidding wars.

    Let me or one of my broker associates below know if you’d like us to set up an email alert like that for you.

Jim Smith, 303-525-1851

Jim Swanson, 303-929-2727

Chuck Brown, 303-885-7855

David Dlugasch, 303-908-4835

Ty Scrable, 720-281-6783

Andrea Cox, 720-446-8674

Readers Appreciate Our Free MLS Neighborhood Alerts

Back in April 2019, I offered to set up Free Neighborhood Alerts for any reader who wanted to keep track of real estate activity in their subdivision or larger area. The response was overwhelming. I myself have 42 readers who currently receive such alerts for their neighborhood.

I’m not complaining. My broker associates and I are pleased to make this service available to everyone who wants it, and we’ve become pretty efficient at creating these free alerts.

The MLS allows members to set up an unlimited number of email alerts, designed to assist buyers in searching for homes. We have adapted it to provide neighborhood alerts. Once set up, the alerts are generated automatically by the MLS. Just give us your address and the boundaries of the area you wish to monitor. The initial alert will tell you all the coming soon, active, under contract, sold, withdrawn and expired listings in that area, going back 90 days or longer.

Future alerts will come to you within 15 minutes of a new or changed listing being entered on the MLS. You will literally be up-to-the-minute in your knowledge of real estate activity in your neighborhood!

I’m happy to handle every request I get from readers, but feel free to ask any of our broker associates to create a neighborhood alert for you. They are listed below with their email addresses and are more than happy to provide this free service. Send your requests by email only, please.

In addition to setting up the neighborhood alert for you, we can also send you valuation reports on your home using two different software packages — Realtor Property Resource (RPR), which is only available from members of the Realtor association like us, and Realist — that you will find are much more accurate than Zillow’s “Zestimates,” which home owners are used to seeing.

I also like to provide a spreadsheet of active, under contract and sold listings that are comparable to your own home, which serves as a double-check on those two software valuations.

Jim Smith, Jim@GoldenRealEstate.com

Broker Associates:

Jim Swanson, BrokerSwanson@aol.com

Chuck Brown, Chuck@GoldenRealEstate.com

David Dlugasch, David@GoldenRealEstate.com

  Carol Milan, Carol@GoldenRealEstate.com

  Ty Scrable, Tyler.Scrable@gmail.com