Real Estate Showdown Week 14 Denver Vs Nashville

Real Estate Showdown Week 14 Denver Vs Nashville

Well folks, all is right in the world. The Denver Broncos are 10-2, have a firm grip on first place and hold the tie-breaker over the Chiefs should they finish the season with the same record. The only wrinkle that could show up by the end of the season is the fact that the Patriots beat the Broncos so they could hold the tie breaker for home field advantage in the playoffs. But let’s not spend time worrying about ‘what-ifs’ and focus on the opponent at hand: Tennessee Titans.

The Titans are 5-7 and playing for their playoff lives. A desperate team is not a team to take lightly, especially when they are just 1 game out of the wildcard spot. Here are a few keys to the Broncos coming away with a W.

Baby, its cold outside

If the Broncos v. Patriots game has taught us anything, it’s this: Peyton Manning is not exactly the epitome of a cold weather quarterback. By no means am I blaming him or any other individual player for the loss, but Peyton is certainly no Brett Favre when the mercury falls. With a game time temperature in the teens with a chance of snow, Denver better forget they can’t feel their toes and get their mind right.

What does John Fox say?

After a four week absence, the Broncos will welcome their head coach, John Fox back to the sidelines. Hopefully the boys in orange and blue will use this as a motivator, much like the colts did with the return of Chuck Pagano. At the very least, it frees up Jack Del Rio to focus on his responsibilities.

Spread the Love

As much as I loved seeing Eric Decker go all beast mode out there last week, they might have to rethink putting all their eggs in one basket this week. Tennessee has the 7th ranked pass defense in the league and is more than capable of shutting down the go to guy. Couple this with the fact that they have recorded 31 sacks this season. The good news is Peyton is like a little kid on Christmas morning. He has too many options to be rendered too ineffectual. Also, Peyton is definitely one of the best in the league at getting the ball out of his hands quick enough to frustrate the Tennessee D-line all day. If I were a bettin’ man, I’d put my money on the Cerebral Assassin and the Broncos.

This week’s Real Estate Showdown pits Denver, Colorado against Nashville, Tennessee. As we have each week, we will focus on 7 key factors to make our determination on which market is truly the winner (stats gathered via National Association of Realtors).

Denver, Colorado 
Median Home Price: $244,000
Percent Change in Median Home Price (Previous Month): 0.41% Increase 
Percent Change in Median Home Price (Previous Year): 10.90% Increase 
Percent of Home Ownership: 52% 
Home Vacancy Rate: 4.34% 
Income Per Capita: $32,051 
Unemployment Rate:  7.0%  

Nashville, Tennessee
Median Home Price: $167,000
Percent Change in Median Home Price (Previous Month): 1.97% Increase
Percent Change in Median Home Price (Previous Year): 8.48% Increase 
Percent of Home Ownership: 56% 
Home Vacancy Rate: 3.86%
Income Per Capita: $27,372
Unemployment Rate:  6.9% (Davidson County)

This is a very interesting matchup. Unlike several of the past matchups, Nashville actually has a relatively healthy market. Denver has the edge in median home price, percent change in median home price (previous year) and per capita income. Nashville has the edge in percentage change in median home price (previous month), home ownership rate and vacancy rate. When it comes to unemployment, Davidson county has the ever so slight edge, but given that these numbers usually have a margin of error, its hard to say there is really much of a difference between these two numbers.

I tend to place more emphasis on median home price changes over an entire year rather than a single month. The sample size is larger and more meaningful. Not to mention the fact that we are in winter months where seasonal drop-offs tend to play a role. If these were measured in June, that would be a different story. I would say, based on this fact and that the median home price is higher in Denver than in Nashville, Denver wins this week. Although, its certainly not the smackdown we are hoping for on Sunday.

Check out the Real Estate Showdown next week as we compare Denver, Colorado to San Diego, California. 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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Phone: 720-446-6301
Dated: December 4th 2013
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