The National real estate market just hit a massive milestone.
Based on the numbers through August, we are now on pace to sell 6 million homes. This is the highest pace we have seen in 14 years.
The 6 million threshold is a big deal in the real estate brokerage world.
Each month, as they have for a long time, the National Association of Realtors tracks the sales and then calculates the annualized rate of residential closings.
For many, many years this number has bounced around 5.5 million. The fact that it just jumped to 6 million speaks to many factors especially the effect of today’s interest rates.
461 Dennison Ave is a very nicely updated home in Mid-Town Fort Collins! Kitchen features Granite Counters and Brand New SS Appliances. Recent remodeling includes Fresh interior paint, updated bathrooms, new windows & sliding glass doors, 2 yr old furnace, new fixtures and hardware. The basement is finished with a conforming bedroom & full bath. Just blocks from Troutman Park, Lopez Elementary, MAX Stations, the Mason bike path and Shopping/Entertainment. Pre-Inspected with a Home Warranty included for your peace of mind. Contact Brandon Bidwell at (970) 215-1573 for your private showing for more information or click the link below for more details.
Temperatures may be cooling off but the Front Range real estate market is not.
Typically the market starts to slow down a bit in the Fall after a hot Spring and Summer.
Not this year.
The indicator we use to measure future closed sales is current pending sales.
Simply, we look at the number of properties under contract and scheduled to close versus the same time last year.
Current pending sales are way up along the Front Range when measured against 2019:
Metro Denver up 34.1%
Larimer County up 48.6%
Weld County up 50.2%
Based on these numbers, closed sales numbers over the next 60 days will be very strong.
Image Source: Getty Images
As wildfires rage throughout the West Coast, many homeowners are being evacuated from their homes, while others stand by for information as the spread continues. The following tips are meant to inform your household’s wildfire evacuation protocol, whatever your evacuation timeline may be.
Evacuation orders come from local law enforcement agencies, but if you have not received an official evacuation notice and feel threatened by wildfires in your area, do not hesitate to leave. Take only essential vehicles on the road, this will minimize traffic and reduce the chance of gridlock when evacuating the area. Keep the windows rolled up to avoid inhaling smoke and tune into local radio for updates as you head toward safer ground. And remember your masks!
What to bring
The Six P’s
- People and pets
- Phones and personal computer
- Chargers, any additional computer hardware
- Papers and important documents
- Birth certificates, passports, insurance, legal documents
- Medication, eyeglasses, contacts
- Pictures and irreplaceable keepsakes
- Payment (credit & debit cards, bank cards, cash)
- Face masks or coverings
- Extra clothing
- First aid kit
- Sanitation supplies
- Copies of important documents
- Three-day supply of food and water
If you live in an area that is not being evacuated, there are steps you can take now to prepare your home and family, if and when the time comes.
- Create a “defensible space”
- Clear your home’s surroundings of brush and vegetation
- Turn off sprinklers and main gas lines
- Clean out roof and gutters
- Move furniture away from windows toward the center of the room
- Remove flammable household items
- Prepare your emergency kit
- Include useful items listed above in “Go bag”
For additional information on protecting yourself from smoke while addressing COVID-19 health concerns, Click Here. Be sure to check your local news and emergency alert radio stations and social media profiles for the most up-to-date information and helpful resources.
Wildfires are unpredictable. Knowing what to do both in preparation for and during an emergency evacuation will have your household prepared in the event that a wildfire spreads to your area, neighborhood, or home.
Come see 4336 Carlyle Ln in Wellington, CO! This recently built home is on a great lot with privacy behind. Walk into the grand living room and well-appointed kitchen to experience the very open floorplan. There is an office on the main level if you work from home. Modern colors throughout, large master bedroom with a gorgeous master bathroom retreat. It even has a new roof! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
1930 Tyler Avenue is a super clean and sunlight filled ranch home. Fully remodeled in 2018; including new appliances, granite countertops, concrete driveway, water heater, sprinkler system – roof in 2014. Features a very large eat-in kitchen, vaulted ceilings, built-in desk and shelves. Very convenient location in Northwest Longmont. Fully fenced in yard with a deck and storage shed. Make sure to view the 3D walk through tour! Contact Meagan Griesel at (970) 691-0056 for your private showing for more information or click the link below for more details.
Have you been waiting for a multifamily opportunity? Well here is one close to CSU, a zero vacancy history, and numbers that make this a unique investment in west Fort Collins. 1113 – 1115 Cypress Dr, is a duplex that features a newer roof, updates in both units, and a location that can’t be beat. Gross rents of $2895 (plus chargebacks for utilities) deliver a cap rate of just above 6% based on real maintenance and upkeep costs. Remodeled bathroom in one unit, as well as some new flooring, this property has been well maintained and is ready for your investment portfolio! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
The number of loans in forbearance just fell to their lowest level since mid-April.
This is good news for the real estate market.
Less and less people are seeking payment relief on their mortgages.
The number of loans currently in forbearance stands at 7.16%.
This news coincides with the U.S. Unemployment Rate falling to it’s lowest level in 5 months as more people are getting their jobs back.
The economy has added back roughly half of the 22.2 million jobs that were lost in March and April of this year.
316 Diamond Drive is a beautiful multi-level home centrally located between Fort Collins and Loveland. This home is situated on a large lot with plenty of room for entertaining. A detached single car garage is perfect for storage or your toys. The lower level has been converted to a large master suite with walk-in closet and space for a reading nook or seating area. An open concept kitchen, living room, dining area means you and your guests are never far from the action. The 2nd, 3rd and 4th bedrooms are large and offer ample space for all of your needs. The home is located in a mature neighborhood with no HOA, conveniently close to 287, 392 and I-25, you can be anywhere within minutes! Contact Anali Roath at (970) 829-8818 for your private showing for more information or click the link below for more details.
One of the many challenges of the pandemic is getting support out to children that are currently benefiting from Childsafe services. Many children are home with their abusers during these days of quarantine. We are in need of iPads, tablets or old computers with internet and video capabilities to help these children get the support/services they need.
Please drop off your old devices at either the Windsor or Fort Collins Windermere offices. All equipment will go through a professional cleaning and memory clear. Thank you in advance for your help in this project. Donations are being accepted until 9/25/2020. #AllInForCommunity #WindermereFoundation
**Don’t have a device to donate? ChildSafe also accepts financial donations. Just click on the link below!! **