homes for sale

Population Math

by Rondi duPont

The brand new Census data has just been released and it is fascinating!

Colorado’s population now sits just below 6 million people at 5.773 million. Just 20 years ago it was 4.301 million.

Northern Colorado is booming and now has 688,047 in Larimer and Weld Counties. It grew by 135,592 people in just ten years. If Northern Colorado grows at just 2% per year, it will have 838,725 people by 2030 and 1,022,402 by 2040.

For several years we have been predicting that Northern Colorado would exceed by 1 million people by 2040 and it looks like that will come true.

Metro Denver is also booming. For reference, we define ‘Metro Denver’ as Adams, Arapahoe, Denver, Douglas, and Jefferson Counties.

Population in Metro Denver is now 2.831 million and was 2.109 million in the year 2000. It has grown by 722,000 people in 20 years.

If Metro Denver grows at 2% per year, it will hit 3.451 million in 10 years and 4.206 million in 20 years.

The 12 Facts of Real Estate

by Rondi duPont

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 for a 30-year mortgage which is about half of the long term average
4.7% apartment vacancy rate in Metro Denver, the lowest since 2015
5.5% is the long-term average for yearly home price appreciation along the Front Range
6,000,000 live in Colorado
7,000 residential properties are for sale in Metro Denver right now and the average for this time of year is 14,700
80,000 is the number of people that is added to our state’s population each year
9 homes are for sale in Larimer and Weld County priced over $2,500,000
-10% is the decrease in new home construction in Larimer County compared to last year while Weld County grew by 17%
11 times in the last 40 years home prices have gone up at least 8% along the Front Range
$1,202,488 is the average price for a single-family home in the City of Boulder

It’s time to register for our annual Market Forecast event. We will be live at 5:30 on January 16th at the Marriott in Fort Collins. Back by popular demand is our Chief Economist Matthew Gardner. Save your seat HERE.