Millennials often get a bad rap. One of the myths about Millennials is that they don’t own homes and will be renters forever.
Not true! Especially on the Front Range of Colorado.
Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro Denver and Colorado.
In Metro Denver, 50% of all buyers last year were in the Millennial demographic.
In Northern Colorado, the number is 41%.
It turns out that Millennials, as they move into their mid to late 30’s, see the value of home ownership and are at the point in their lives where it makes sense to own instead of rent.
Fantastic mountain home at 6012 Blue Spruce Drive in the beautiful Bellvue community. Boasting gorgeous panoramic views of the foothills and plains, your new home sits on 1.39 acres of pine trees and rock formations. Inside, you’ll find a sprawling updated kitchen and great room with granite counter-tops and wood floors. Enjoy the finished walk-out basement with a large bedroom, bathroom, rec room, and a comfy indoor hot tub suite! This charming home is super close to Horsetooth Reservoir, Lory State Park, and just minutes from Old Town Fort Collins. An incredible property with No HOA! Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.
Windermere offices throughout the Western U.S. have been busy raising money and making donations to non-profit organizations in their local communities that provide services to low-income and homeless families. And their efforts are paying off; so far this year we’ve raised over $1.5 million, bringing the total raised by the Windermere Foundation to $39.5 million since 1989.
Here are just a few examples of how our offices are giving back to their communities:
Fort Collins, Colorado
The Windermere Real Estate office in Fort Collins held its 5th Annual Windermere Foundation Tailgate Party on Friday, September 20. The family-friendly event featured food, drinks, a bouncy house obstacle course, corn hole, face painting, and live music. Over $1,800 was raised for the Windermere Foundation during this event. All proceeds from the tailgate “party with a purpose” benefitted Partners Mentoring Youth and Crossroads Safehouse.
The Windermere office in Centralia, WA sponsored the “Down Home: A Toledo Shindig” event held at Bonanza BBQ on September 14 to benefit Toledo School District students in need. Local businesses and residents came together to donate auction items, food, and volunteer their time. Windermere owner Dan Gorton spearheaded the organization of the fundraising event, seeing a need in the community that was not being met. The Gortons provided the venue and the BBQ. Other sponsors provided additional food items, entertainment, and big-ticket items for the auction. The event raised $34,000 for a fund to help provide basic needs for students in the school district, things that low-income families couldn’t otherwise afford.
Photo Courtesy of Josie Ray Photography
The Windermere office in Spokane, WA held their annual Windermere Shoes and Socks Event at their local Big 5 sporting goods store on August 24. Windermere agents and family members volunteered their time to help 132 children select a pair of shoes and socks. An additional 250 pairs of socks were also donated by Liberty Lake Rotary. In total, the Windermere office donated over $5,400 to provide shoes and socks to local children in need.
Windermere offices are proud to host events in their communities, like the ones mentioned above. These generous donations to the Windermere Foundation further our mission to support low-income and homeless families in the areas where we live and work. If you’d like to help support programs in your community, please click the Donate button.
To learn more about the Windermere Foundation, visit WindermereFoundation.com.
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.