Blog • Fun Facts • February 10, 2023

Jobs Bounce

by Rondi duPont

As the job market goes, so goes the housing market. This is a fact about any primary housing market.

If employment is growing, the housing market will keep growing.

One of the many positive indicators of the healthy Northern Colorado economy is the fact that the jobs lost during the pandemic have bounced back.

Not only has employment recovered, it now exceeds pre-pandemic levels.

Northern Colorado unemployment is now down to 4.1%.

These facts were reported by our Chief Economist Matthew Gardner during our annual Market Forecast event.

If you would like to see any of the slides from the presentation, please let us know.

Windsor Real Estate • February 6, 2023

Beautiful Home in Water Valley South

by Rondi duPont

136 Beluga Drive is a beautiful 2 Story home in Water Valley South. This 3-bedroom home boasts an open floor plan with vaulted ceilings, granite countertops, and stainless steel appliances in the kitchen perfect for entertaining so everyone in the party is included. The main floor office has double doors for privacy or turn this room into a relaxing reading space. On a cold winter day, cozy up next to the fireplace in the living room or in the loft with a movie of choice. In the summer, enjoy the backyard with the large stamped concrete patio and wood privacy fence or on the covered front porch. The 3-car tandem garage allows for plenty of room for the golf cart and toys along with your cars. The unfinished basement leaves additional space for the buyers to customize to their liking. Take advantage of being only one block from Eagle Lake and Park. Bring paddle boards, kayaks, and fishing rods to enjoy everything the lake has to offer without paying waterfront prices! Call (970) 401-0123 to schedule a private tour or click here for more information.

Blog • Fun Facts • February 3, 2023

Equity Rich!

by Rondi duPont

Homeowners in Northern Colorado have a bunch of equity in their homes.This fact was reported by our Chief Economist Matthew Gardner at our annual Real Estate Market Forecast event.The term ‘equity rich’ is defined as someone who has at least 50% equity in their home.For example, if someone owns a home worth $500,000 and their mortgage balance is less than $250,000, they are ‘equity rich.’A whopping 57% of Larimer County homeowners and 46% of Weld County homeowners are equity rich.To put that in perspective, in 2015 there were roughly 20% of Northern Colorado homeowners who had this much equity in their homes.This level of equity is one of many reasons Northern Colorado is protected from any sort of severe market downturn resulting from an excessive amount of distressed properties hitting the market.

Blog • Fun Facts • January 27, 2023

Luxury Stats

by Rondi duPont

The numbers are in. 2022 was another strong year for luxury sales of properties over $1,000,000.Along the whole Front Range in 2022, the number of luxury properties that sold was up 6.28% over 2021.The sold price per square foot was up 5.98% compared last year.Most interestingly, the number of luxury properties that closed this past year compared to 2019 was up by a whopping 133%.Sales of luxury properties is usually a good indicator of the overall health of the market.

Blog • Fun Facts • January 20, 2023

No Bear

by Rondi duPont

Altos Research is one of the most trusted sources of real estate market information in the United States. Each week they track every single home for sale across the Country. They analyze the pricing, supply, demand, and status changes for all listings. This amount of data allows them to expertly predict changes in the market.

Their founder, Mike Simonsen, recently said this about the current state of the real estate market:

“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place. If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.

“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”

Fort Collins Real Estate • Virtual Tours • January 19, 2023

Meticulously Cared-for Paired Home

by Rondi duPont

352 Zeppelin Way is a meticulously cared-for Paired Home in Mosaic! This 2 bedroom, 3 bathroom with a loft is perfect for someone looking for a move-in ready home in Fort Collins! The open floor plan lends itself beautifully to entertaining. Chefs will swoon over the kitchen which boasts a farmhouse sink, quartz countertops, upgraded cabinets, soft-close drawers, and pullouts in the lower cabinets. The main level has LVP flooring throughout and the second level has newly installed carpet. As you enter from the garage the built-in hooks, cubbies, and landing zone desk are extremely convenient to keep the home tidy. The home is located on a corner to give you a little more elbow room with a completely fenced backyard for privacy. The basement is unfinished to customize to your liking. This home is so bright, airy, and full of charm you won’t be disappointed! Don’t forget the neighborhood has 2 pools and a park to enjoy! Call (970) 401-0123 to schedule a private tour or click here for more information.

Uncategorized • January 13, 2023

Versus 2019

by Rondi duPont

Because 2021 and 2020 were such unique years in real estate because of the considerably low interest rates, many people in our industry believe it makes sense to compare 2022 to 2019 when looking at the key statistics.

Here’s how 2022 looked along the Front Range compared to 2019:

Prices Number of Transactions Properties for Sale

Larimer County +41% -6% -37%

Weld County +39% +2% -16%

Metro Denver +40% -14% -6%

Generally, what we notice is that:

Prices are up significantly
The number of transactions is similar
Inventory is down compared to 2019 even though it is more than double 2021’s inventory

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1^st at 5:30pm. To see the details and to RSVP, visit www.ColoradoForecast.com

Blog • January 6, 2023

RSVP Time

by Rondi duPont

There are four key questions that our clients have right now:1. What will values do this year and is there any chance of a housing bubble?2. When will mortgage rates drop below 6%?3. Will inflation subside this year?4. Is now a good time to buy or sell? All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast. Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist. You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.

Milliken Real Estate • Virtual Tours • January 4, 2023

Immaculate Ranch Style Home in Milliken

by Rondi duPont

Welcome to Settlers Village! 794 S Pioneer Drive is an immaculate 3 bedroom, 2 bathroom ranch style home situated on a corner lot and is perfect for entertaining. The home boasts an open floor plan with vaulted ceilings in the living room and dining nook. LVP flooring has been installed on the main level and granite countertops are throughout the home. On a gorgeous summer afternoon and evening, picture relaxing under the beautifully built gazebo with electric and lighting in the backyard. The yard is also fully enclosed with a wood privacy fence. This home has so much to offer! Schedule your showing today! Call (970) 401-0123 to schedule a private tour or click here for more information!

Blog • Fun Facts • December 16, 2022

Incentivized

by Rondi duPont

More than 75% of all new home builders are using interest rate buydowns as a way to attract buyers to their communities.This is according to new research by John Burns Real Estate Consulting.Builders are fronting several thousand dollars on behalf of their buyers so these buyers can have a lower rate for the first few years of the loan, or in some cases the whole life of the 30 year loan. New home builders with completed homes or ‘standing inventory’ are especially motivated as this type of inventory is costly for the builder to carry.This kind of product offers a terrific opportunity for buyers looking to move soon and who desire a lower interest rate.