The Case-Shiller Home Price Index is a well-known report in the real estate industry and a valuable way to gauge what is happening in various markets across the Nation.
The report tracks home price appreciation in the 20 largest markets in the country.
Their most recent report shows that, Nation-wide, home prices are up 2.1% year-over-year.
Last year prices were rising at 6.3%. So, prices are still going up but not as fast as they were.
The city with the highest appreciation over the last 12 months is Phoenix with 5.8% growth followed closely by Las Vegas at 5.5%.
Denver came in at 3.4% which makes it tied for 8th place out of the 20 cities.
This home at 5684 Connor Street in Timnath in pristine condition features a main floor guest suite and a gourmet chef’s kitchen with granite counter-tops, stainless steel appliances, 36″ gas cook-top and hood. Upstairs features a master’s retreat with a sitting room, 5-piece bathroom suite, dual walk-in closets and views of the greenbelt and mountains. The great room and open kitchen layout allow space to entertain and enjoy the outdoors with an over-sized covered patio. Contact Chris Guillan at (970) 310-9357 for your private showing for more information or click the link below for more details.
If you have driven on I-25 lately you may have noticed that the Front Range is a popular place.
The projections show that it will only get more popular in the future.
Today, 4.8 million people live along the Front Range from Fort Collins down to Pueblo.
In 2030, just 11 short years from now, 5.7 million people will live here. Yes, that’s almost 1 million more than today.
This is all according to the Colorado State Demographers Office.
While this seems like a big increase, keep in mind that this assumes that population growth occurs at a fairly modest 1.7% per year.
It seems that our state will continue to grow and there will continue to be a demand for housing.
Property owners all over Colorado have a gift waiting for them in their mailbox- their new property tax notifications.
Every two years, each county in Colorado places a new value on property for property tax purposes.
No surprise, values were up along the Front Range.
Here is the percentage of increase for various Colorado counties (keep in mind that this increase is for two years):
- Adams 24%
- Arapahoe 22%
- Larimer 19%
- Douglas 14%
- Jefferson 14%
- Boulder 12%
If you have questions about how to respond to your tax notification, we can help! We would be happy to provide you with an up-to-date market analysis and walk you through the steps on how to protest your new value if you don’t agree with it.
You can also watch this webinar we put together which shows you everything you need to know about your new property valuation and how to respond.
You can watch it HERE.
This ranch style home at 3930 Grouse Drive sits nestled in a cute neighborhood in Evans conveniently located close to HWY 34 and HWY 85. The main level has wood floors, granite counter tops in the kitchen, finished basement, and a deck in the backyard. Fantastic opportunity and phenomenal value with this great home! No HOA for this property! Contact Philip Cooper for your private showing at (970) 232-4844 for more information or click the link below for more details.
The results are in from FHFA.gov’s latest ranking of the top performing markets in the U.S.
Each quarter they track 245 cities across the country and rank their real estate markets by home price appreciation.
What’s the highest performing city the the U.S.
Vegas! Their prices have gone up 17.63% in the last year.
How about the worst?
Bloomington, Illinois sits in dead last where prices went down 3.58%
Here’s how Colorado cities are ranked:
• #10 Colo. Springs = 11.41%
• #16 Greeley = 10.68%
• #59 Fort Collins = 8.29%
• #64 Denver = 8.15%
• #97 Boulder = 6.85%
Wonderful home at 1065 Tupelo Drive in the heart of Northeast Loveland. Semi-custom 3 bed/2 bath w/ partially finished basement on 1/3 acre. Home features a living room w/ gas fireplace and natural stone surround, master bedroom with en-suite 3/4 bath & large eat-in kitchen. Covered back patio is great for relaxing or entertaining. Basement is partially finished with gas fireplace and room for a work shop. Walk to elementary and middle schools & close to everything. Home has only had 1 owner and has been treated with care! Contact Aaron Pearson for your private showing at (970) 646-3035 for more information or click the link below for more details.
The Front Range may have lost out on Amazon’s HQ2, but that doesn’t mean their company won’t affect our economy.
Denver was in the running for Amazon’s massive new second headquarters that supposedly would bring 50,000 new high-paying jobs and $5 Billion of investment.
In the end Amazon chose to split the headquarters among two East-Coast cities and many in Colorado breathed a sigh of relief.
But they are will continue to be an economic force in our state.
Over the past two years, Amazon has greatly expanded its footprint in Metro Denver, opening up a sorting center in Aurora, fulfillment centers in Aurora and Thornton, a Prime Now center in Denver and a new delivery center in Centennial.
They will soon have 3,000 workers here and that number is expected to grow significantly.
This adorable brick ranch at 906 Heather Dr offers plenty of space and a large yard with mature trees. The main floor has beautiful original hardwood floors, 3 bedrooms, and a large covered deck right off of the dining area. Both the main floor and the basement have wood burning fireplaces and full bathrooms. The basement has 2 bedrooms, one is non-conforming, and a large family room. Newer roof and ready to move into. Contact Meagan Griesel for your private showing at 970-691-0056 for more information or click the link below for more details.