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Fun Facts Inventory in Perspective A significant dynamic in the Front Range market is the relatively low inventory. This is the main reason why prices are stable despite higher rates. Here is some perspective on the inventory of homes for sale to help give some context. Today’s inventory is: Half of the long-term average going back 30 years ¼ of […]
Fun Facts Most Surprising News The most surprising piece of news for our friends and clients is that prices are essentially flat compared to last year.  People find that surprising given what interest rates have done over the last 18 months.  They wonder, how could prices not fall significantly after interest rates jumped considerably?  The answer is the fundamental economic […]
New Listing New Listings November 2023 Welcome to 344 Tigercat Way, a stunning, immaculately cared for 3-bed, 3-bath townhome with a main floor study. The front of this home faces open space and the future 20-acre city park. Enter this home into soaring vaulted beauty with windows flooding the living space with natural light. The large living room flows into the […]
Fun Facts Highly Active In addition to tracking the average price for sold properties, it is also interesting to track the average price for active properties. Asking prices are up across all markets when compared to the same time last year. Here are the average list prices for residential properties along the Front Range: Larimer County = $893,000 (8% […]
Fun Facts A Rate-Induced Pop The recent drop in mortgage rates triggered a measurable uptick in sales activity. So far through the first 10 days of November, pending activity in Northern Colorado is up versus the same 10 days last year. This is despite interest rates being higher than they were last year. Mortgage rates just had their biggest one-week […]
Fun Facts MOI is Still LOW Despite decreased buyer activity driven by normal seasonal patterns plus higher interest rates, the key stat of Months of Inventory continues to stay relatively low. Months of Inventory (MOI) is the simple measurement of how long it would take to sell the current inventory of homes for sale at the current pace of sales. Along […]
New Listing New Listings October 2023 Welcome to your new home in Alford Meadows! Nestled on a peaceful cul-de-sac, 4955 Hornbeam Ct offers the perfect blend of comfort, style, and convenience. With its inviting features and desirable location, this property is a must-see for anyone seeking their next home. This home boasts a generous floor plan with ample space for family […]
Fun Facts Holding Steady Despite a significant increase in the supply of apartments, rental rates are holding steady. New research from Realtor.com shows that lease rates in the largest U.S. cities are down just 0.7% even though completions of apartment buildings are up 15% since 2022. Denver’s average apartment lease rate decreased only 1.0% year over year and now […]
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Fun Facts Net Worth Surge Net worth surged for American families during the pandemic era, largely because of increased home values based on the Federal Reserve’s Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. […]
Fun Facts The Price is Right This is an interesting and important time of year for current home sellers. Thanksgiving is approximately 45 days away which is an important deadline for home buyers. Many buyers who are considering a move this time of year would like to close on a home before Thanksgiving. Current home sellers have a one to two […]
Fun Facts Increasing Reductions More and more sellers are having to reduce their listing price. Nationally, 37% of all home sellers have recently had a listing price reduction. This is according to a recent report from Altos Research. This is up from 30% in May and is now at the second-highest level since 2018. The highest it has been […]
New Listing New Listings September 2023 Welcome to 15772 Olmsted Place. This open-concept 2-story home is located on a cul de sac and has easy access to the neighborhood schools, parks, the Montbello Recreation Center, the Green River Ranch Recreation Center, and the Denver Bike Trail. It’s also a quick trip to DIA. With 4 bedrooms and 4 baths, there is […]
Fun Facts Jump to Three The most notable change in the market, in terms of a specific statistic, is months of inventory. This statistic measures how long it would take to sell all of the current inventory at the current pace of sales. Months of inventory has jumped to three along the Front Range. One year ago, it was two […]
Buyers Double, Half, Fifth Today’s inventory of residential properties along the Front Range is… Double what it was in 2021 (the all-time low) Half of the long-term average (going back to 1985) One-fifth of what it was in 2006 (the all-time high)
Fun Facts $44 Trillion Have you ever wondered how much all of the residential real estate in the U.S. is worth? It’s $44.5 trillion. That’s 44 with 12 zeroes after it. This data comes from the Federal Reserve’s Quarterly “Z.1” report. The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one […]
Fun Facts Tailgate Time! Today’s fun fact is that today is our annual Tailgate Party to benefit the Windermere Foundation. You are invited!  Feel free to stop by our Fort Collins office located at 255 E. Monroe Drive right by Trader Joe’s. All of the fun will be set up outside of our office. We have food, drinks, music, […]
Fun Facts Ups and Downs Here is a look at how the market performed in August versus August 2022   Prices: Larimer County Up 4% Weld County Up 8% Metro Denver Up 6%   Transactions: Larimer County Down 18% Weld County Down 31% Metro Denver Down 15%   Inventory: Larimer County Up 18% Weld County No Change Metro Denver Down […]
New Listing New Listings August 2023 636 Lene Lane is a beautiful Ranch in the sought after Heritage Ridge!!! 4-bedroom 3-bath home (with large walk-in closets in most of the rooms), an open floor plan, fresh paint, upgraded lighting, new stainless steel appliances, and granite countertops! Basement has ample space with a large rec//family room and lots of storage. Outside, the […]
Fun Facts Where It’s At New Homes are where it’s at. By ‘it,’ we mean inventory. Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale. Here are the stats… Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low. […]
Fun Facts Protesting! The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles. Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment […]
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