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Blog Under $300,000 If a real estate buyer walks into one of our offices in Northern Colorado and tells us they are looking for a single-family home under $300,000, unfortunately there will not be many properties to choose from. Depending on where they are looking the choices may be very limited. Here is a list of the number […]
Blog Foreclosed Remember when the hot topics in real estate were short sales and foreclosures? Not today! As an additional indicator of the health of our market, foreclosure activity is significantly lower than it was 7 to 8 years ago. Today in Colorado only 1 in 3920 homes is in foreclosure. This is much lower than the […]
Blog Colorado Real Estate Market Update This analysis of the Metro Denver and Northern Colorado real estate markets is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact us. ECONOMIC OVERVIEW Colorado added […]
Blog Bubbly? Because our Northern Colorado market has been so active over the last four years, clients often ask us if we think there is a housing bubble forming. There are several key statistics which we track closely in order to answer that question. Here is one fact that we find to be insightful… One of the […]
Blog Our Forecast Last night was our annual Market Forecast event. Thank you to the 400 clients and friends who joined us at the Marriott. Here are our predictions for where prices are going in 2018: Fort Collins 8% Loveland 7% Greeley 9% Last year’s average price increases looked like this: Fort Collins 7% Loveland 8% Greeley 11% […]
Blog What’s Up?? First things first, this is your last call to register for our Annual Forecast. If you want clarity on what is happening in the market, this is the event to attend. We will be live at 5:30 Thursday the 18th at the Marriott. RSVP to www.windermereforecast.com Now, what’s going up? According to our Cheif Economist […]
Blog What It Means The new tax bill is expected to be signed by the end of the year. Here is a summary of what it means for your real estate… (By the way, be sure to RSVP for our Market Forecast on January 18th so you can hear our predictions for next year. Click HERE to register) The new tax bill: Retains […]
Blog Get Real A story ran this week which highlighted the number of people who have moved out of Colorado. Let’s get real, there are still a large number of people moving to Colorado. In fact, 223,000 moved to Colorado from another state last year according to the latest American Community Survey from the U.S. Census Bureau. The […]
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Blog New Proposed Tax Bill House Republicans released their proposed tax bill last Thursday. The proposal is a long way from becoming law, but the draft contains three noteworthy items related to housing. As the law stands now, homeowners can claim as an itemized deduction interest paid on mortgages valued up to $1 million used to acquire or improve a […]
Blog Colorado Real Estate Market Update ECONOMIC OVERVIEW Colorado added 45,800 non-agricultural jobs over the past 12 months, a growth rate of 1.8%. Within the metropolitan market areas included in this report, annual employment growth was seen in all areas other than Grand Junction (where employment was stable) with substantial growth seen in Fort Collins (4.6%) and Greeley (3.5%). In August, […]
Blog Short vs Long There are short-term questions about real estate and there are long term questions about real estate. Clients often have short-term questions like… How much will prices go up next year? Should I sell my house this Fall or next Spring? Will interest rates go up next week? We encourage our clients to evaluate those questions […]
Blog Inventory is UP! For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory. Based on our current research, it looks like this trend is reversing. Let’s look at the increase in inventory in our major markets versus a year ago… Fort Collins up 28% Loveland up 4% Windsor up […]
Blog Price Per Square Foot At some point this weekend it’s likely you will make a stop at the local grocery store. When you are there you might pick up some produce. That produce, as you know, is priced by the pound. Homes, aren’t priced by the pound of course. But they are priced by the foot. An interesting way […]
Blog Memory Lane Today we will take a fun trip down memory lane. Did you know that it was the fall of 1981 when mortgage interest rates hit their all time peak? Yes it was this time 36 years ago when 30-year mortgage rates hit 18.39% Yikes! It’s important to note that in those days, not many home […]
Blog Luxury Living Here are the top 5 most expensive home sales in Northern Colorado so far this year… $3.3 Million – a 16-acre estate near Pinewood Reservoir with 6 bedrooms, 8900 square feet, and black walnut floors $2.2 Million- a 9300 square foot home on 5 acres in Hidden Valley estates near Loveland $1.9 Million – a 8100 square foot home in the Harmony Club $1.9 […]
Blog Greeley’s Major Milestone The Greeley market is about to hit a major milestone. We project that in the first quarter of 2018, the average price for a single family home in Greeley will surpass $300,000. Today the average price sits at $289,870. Just a year ago it was $262,828. Guess when Greeley broke the $200,000 barrier? It was […]
Blog Fall vs Spring A question we start to hear from clients this time of year is “am I better off waiting until the Spring to sell my home?” The perception is that Spring is the busy time for home sales and that a Seller would be better served waiting to sell their home. The reality is the numbers […]
Blog Colorado Home Price Appreciation New Rankings The new rankings are out from the Federal Housing Finance Authority which ranks all 50 states plus close to 300 individual metropolitan markets for home price appreciation. We trust this source because they track actual sales of individual homes versus simply looking at average prices. Their home price index is one of the key pieces of research that […]
Blog Should You Wait or Buy Now? The housing market is remarkably tight across the U.S., and you may be wondering if you should wait for home prices to slow before making your move. Windermere’s Chief Economist, Matthew Gardner, shares why waiting could end up costing you more money in the long run. Should You Wait out the Housing Market? The housing […]
Blog No two alike Anyone who has more than one child is frequently amazed by the difference between the children. How is it that two kids from the same parents are so different from each other? Same goes in our Northern Colorado market. We see a major difference between certain price ranges and certain locations right here in our little neck […]
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