Fun Facts

Fun Facts Inventory Drop An impact we expected from COVID-19 to the housing market is reduced inventory.  That prediction is certainly proving to be true. In March, the number of withdrawn properties from the MLS went up 68% in Larimer County and 38% in Weld when compared to March 2019. Reduced inventory is one reason why we don’t expect […]
Fun Facts A History Lesson With the stock market on a wild ride and the Dow Jones dropping nearly 1,000 points yesterday, it makes some people wonder if the local real estate market might also crash or at least “correct.” A little history lesson is in order. Over the last 40 years, the real estate market along the Front Range has […]
Fun Facts Corona Rates Interest rates on a 30-year mortgage right now are just about the lowest they have ever been in history. The rate today is 3.45% The lowest-ever in November, 2012 was 3.31% A year ago they were 4.35% So, what gives?  Why are rates so low?  It turns out that the coronavirus is pushing rates down […]
Fun Facts Supply and Demand Northern Colorado gave us a real-life economics lesson in January 2020.Compared to one year ago… Inventory was down 10% (Supply) Homes under contract went up 31% (Demand) Prices were up 5% (Result)   If you would like to see a video recap of our annual Market Forecast you can watch that HERE.  
For Buyers Affordability Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years. Here’s some interesting research on affordability… Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country. Their method is to count the number of homes in […]
Fun Facts Zero Correlation It’s an election year which means that our clients are asking us if election years impact real estate. According to research done by Real Trends there is zero correlation between election years and the number of transactions in the market compared to non-election years. They found that sales were down in 1980, 1988, and 2008 compared to […]
Fun Facts Big Numbers It turns out a lot of real estate changes hands over the course of a year in our market. In 2019 Metro Denver had… Over 56,000 residential sales Over $28 Billion of residential sales volume Overall, 2019 saw a slight increase in the number of transactions compared to 2018 and approximately a 5% increase in […]
Fun Facts The 12 Facts of Real Estate While your true love may be getting you a partridge in a pear tree in the near future, we decided to give you the 12 facts of Colorado real estate: 1 is the ranking Colorado owns for long-term home price appreciation versus all other states 2.6% unemployment rate in Colorado right now 3.73% mortgage rate […]
Don't Miss Our Next Post
Subscribe Now
Blog All Time High Home Builder’s confidence in Baby Boomer buyers is at an all time high. The National Association of Home Builders (NAHB) surveys their members each quarter to discover what they expect of future sales. The builders base a large part of their answer on how many people are visiting their sales centers and model homes versus the […]
Blog County by County Metrostudy, who in our opinion is the leader in new home research, recently did a study on the average price of a new home in each of the Front Range Counties. Here are some interesting takeaways…   If you want to find the least expensive new home on the Front Range, the places to look […]
Blog Job News There is an abundance of great news when it comes to employment in Colorado. The unemployment rate is incredibly low at 2.7% which is almost a full percentage point lower than the U.S. average. According to the Bureau of Labor Statistics, Metro Denver added 28,300 jobs over the last year which ranks 15th out of […]
For Buyers & Sellers Two Tales   This is a Tale of Two Counties. When it comes to new home activity, there is a big difference between Larimer and Weld Counties. Larimer County’s new home starts are down 10% and new home closings are down 15% compared to last year. Weld County’s new home starts are up 18% and new home […]
Blog Time for New   Here is a fact… If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen. Here’s why… Many builders have year-end goals and sales quotas to hit.  If they have a “standing inventory” of homes that are completed but […]
Blog Most Active   What is the most active price range in Northern Colorado?  Take a guess… $300,000 to $400,000 $400,000 to $500,000 $500,000 to $750,000 $750,000 and above By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and […]
Blog Equity Insights The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report.   Some interesting tidbits: ·         63% of all properties nationally have a mortgage ·         Homeowners with mortgages collectively realized a $428 billion rise in equity over last year, an increase of 4.8% ·         Only 3.8% of all mortgaged properties have negative equity (where […]
Blog Net Worth It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth. Check out these numbers from the Federal Reserve’s Survey of Consumer Finances: Median Net Worth in the U.S. = $97,300 Median Net Worth of a Renter = $5,200 Median Net Worth of a Homeowner = $231,400
Blog Reduced Some fascinating research from the Denver Metro Association of Realtors… 37% of properties that sold last month along the Front Range had a price reduction at some point during the listing period. Property owners who have to reduce their price take an average of 58 days to receive an offer. Those who don’t have to […]
Blog What We Notice Here are some observations we have about the market right now: Inventory is up, price reductions are up, the length of time to sell a home is up Seller concessions are more prevalent Sellers are more willing to accept contingent offers (especially in higher price ranges) If a home doesn’t sell within a week, it […]
Blog A Closing Window For home sellers who would like to move to a new home this year, there is a window of time that is closing as we head into the Fall months. Most people know that the Spring and Summer are the most active months for real estate and that activity trails off into the Fall and […]
Fun Facts 1 Million + We have our pulse on the high-end luxury market. The activity in price ranges over $1,000,000 is an effective indicator of the health of the overall market. If buyers for luxury properties are active, it tells us that “smart money” is confident about real estate in Northern Colorado. So far this year, 107 luxury properties […]