Facebook
Twitter
Pinterest
Copy Link
Interesting Takeaways
The Zillow Group just completed an extensive survey of home buyers and sellers. Here are some interesting takeaways from the research:
- Half of today’s home buyers are under the age of 36, and 47 percent are first-time buyers. Solo home buyers are in the minority;
most buyers are shopping with a spouse or partner (73 percent). - Eighty-three percent of buyers are shopping for a single-family house. Their top considerations are affordability and being in a safe neighborhood.
- Today’s sellers are most often members of Generation X (38 percent), and the majority (63 percent of all sellers) are listing a home for the first time.
- Most sellers are trading their homes for one they see as an upgrade, seeking a median of 100 more square feet and a home that costs an average of 11 percent more.
- Sellers’ top regret was that they didn’t take more time to prepare for a sale (30 percent). (By the way, Windermere’s Certified Listing is a proven 10-step process which prepares both the home and our clients for the sale. Let us know if you want to know more about it.)
Top 5
A new report from Veros Real Estate Solutions, which works in enterprise risk management and collateral valuation services, shows the strongest and weakest markets for the next 12 months ending in Sept. 1, 2017.
Their Top 5 Markets:
At the bottom of their list is… Atlantic City.
Hot and Not
Where are the hottest markets in Northern Colorado?
Hint – it starts with “W”
Turns out the communities with the largest increase in year over year sales are… (drum roll please)
Windsor and Wellington!
Windsor transactions are up 22% more than last year. Wellington has seen an 11% increase.
All other NoCo communities are flat or lower than last year.
For example, Boulder transactions are down 9% compared to 2015.
Certainly one of the reasons for the uptick in Wellington and Windsor is the amount of inventory available to choose from and specifically inventory in the lower price ranges.
So, while prices are up everywhere, only two places have seen more sales than last year.
Signs of Slowing
It’s not just temperatures cooling off as we transition from summer to fall, there are signs that the market is cooling as well.
The numbers are in and both Loveland and Fort Collins had their slowest August in several years.
Loveland had 127 single family home sales last month. This is 16% lower than August 2015 and the slowest August for Loveland since 2012.
Fort Collins had their slowest August since 2011 with 206 single family sales. This is 13% lower than last year.
This is good news for buyers who may have been reluctant to enter the multiple-offer frenzy that occurred this past spring. It looks like we are moving toward a more “normal” market.
Beware of Low Down Payments
First-time buyers can borrow with little down, but that may not be wise
Financial planners warn: "Borrowers should not overlook the true measure of home affordability: monthly cash flow."
Is your down payment going to affect your cash flow in the end? Check out this article to see what they suggest.
http://www.cnbc.com/2016/09/02/homebuyers-beware-of-banks-offering-too-much-cash.html
The Winner Is…
With the Olympics stoking the spirit of competition, we took a look at how Colorado stacks up against the other states when it comes to real estate prices.
Our impartial judge for the competition is the Federal Housing Finance Authority who tracks close to 300 real estate markets all over the country.
For this competition we are looking at home price appreciation over the last five years. Simply, how much have prices gone up for each state?
And the winner is… (not Colorado)
The winner is Nevada with a 68% increase in the last five years.
Here’s the top 5:
1. Nevada 68%
2. Arizona 57%
3. California 54%
4. Florida 53%
5. Colorado 48%
Here’s the deal about this list- other than Colorado, these are all the states that were hit hardest by the real estate downturn in 2008 & 2009. These states are still clawing their way out of the hole that was created. While Colorado continues to show a more steady pattern without the wild swings seen in other places.
800 E Swallow, Fort Collins, CO 80525
Amazing Opportunity in Midtown! 4 Bedroom, 2 Bath, 1,900 Square Foot 4-Level Home, with a huge yard measuring over 11,000 Square Feet! Nicely updated interior with Wood Floors, Fresh Paint, Updated Lighting and New Stainless Steel Appliances coming soon! The wonderful back yard is fenced and offers endless possibilities. Just minutes to the new Foothills Mall, the Fort Collins MAX, Trails, Parks, Shopping and Entertainment. Seller is Licensed REALTOR.
Check here for details on this home: https://www.coloproperty.com/listing/details/1098894
Raise Your Kids in a Family-Friendly Neighborhood
When you’re expecting a new baby, you want a home where your family can live comfortably and where your child can grow up in a safe and nurturing environment. As your son or daughter gets older, you want them to have friends in their neighborhood that are their own age and that they can play with on a regular basis. As your Greeley real estate broker, Windermere can help you find the perfect family-friendly neighborhood and a home that you’ll love living in for many years.
If you’re buying your first home after renting for many years, we’ll help you understand loan rates, price points, and other aspects of the real estate market. We understand that it’s not easy looking for your first home and making that serious financial decision to pursue home ownership, especially when you’re thinking about your family’s future. You want your children to grow up in a safe neighborhood where they can play outside and when they’re old enough, walk down the street to their friend’s house.
To begin your real estate search in Greeley, contact us today. We will discuss what type of house you’re looking for, what your budget is, and how soon you’re planning to move. If you’re currently living in Northern Colorado, we’ll set up showings that are convenient for you, and if you’re relocating from another part of the country, we’ll figure out what the best time is for you to visit and how we can fit in the most showings during your time here.
What Do You Look For in a Home?
Everyone has their preferences, especially when it comes to where they live and what type of house they have. When you're looking to buy a home, those preferences might seem more prevalent, and that's perfectly fine. At Windermere Real Estate in Loveland, we love hearing about what people look for in a home, and how we can provide exactly what they want. We have many homes for sale at any given time, and there's nothing better than matching a buyer with a residence that they can see themselves in for many, many years.
If you love to cook large meals and entertain guests on a regular basis, then a large kitchen and dining room is a must for your new home. If that's one of your priorities, we'll take that into consideration when deciding which homes to show you. If you'd rather have a large family room or an expansive backyard where your kids and their friends can play safely, we'll narrow the field down to houses that offer those things. We know that your time is valuable and that you know what you want, and we never want you to feel like your time has been wasted.
As your real estate agent, we want to hear about what you look for in a new home, and how we can make your dream of owning a home such as that a reality. It doesn't matter if your preferences seem quirky or unique, we'll do our very best to accommodate your requests and show you homes that offer exactly what you're looking for at a price that fits your budget. Call us today at (970) 323-3015!
Enjoy Both City and Country Living
When people come to Colorado, it's often to visit the Rocky Mountains and explore the beautiful landscapes that our state has to offer. They may also come to visit Denver and experience the Mile High City, taking in a professional football or hockey game, and enjoying the vibrant nightlife in the LoDo or RiNo districts. At Windermere Real Estate in Fort Collins, we understand that not everyone is interested in city living, but they want to be close enough to the city that if they wanted to spend the day there, it wouldn't be a long drive.
We have several homes for sale in Fort Collins, Timnath, Severance, and the surrounding communities, and can help you find the acreage or rural home where you can settle in and enjoy the outdoors. You'll also be close to the hustle and bustle of Denver, and only a few minutes from Old Town Fort Collins. You can have the best of both worlds, with acres where you can raise crops or livestock, and city life where you can enjoy craft beer, fine wines, outstanding cuisine, and amazing entertainment.
If you're thinking about moving to Colorado, or you've lived here for many years and you're ready to leave the city for more agrarian surroundings, please contact us right away. Based on your preferences and budget, we'll find you the perfect residence that's close enough to the city, but still far enough away that you don't feel confined. Also, if you're selling your current home, we can help you find the perfect buyer!
