Did You Know?

Windermere Real Estate Northern Colorado Here are some fun “Did You Know?” stats as we wrap up 2016 (arguably one of the most fascinating years in the history of Northern Colorado Real Estate)

  • 2,281 homes were sold in Fort Collins this year
  • That’s 133 fewer than last year
  • Windsor had 197 more home sales than last year
  • The only major market with considerably more sales than 2015
  • Today, as we finish 2016, there are only 10 single family homes on the market in Fort Collins priced under $300,000.

 

Posted on December 30, 2016 at 3:42 pm
Fort Collins | Category: Blog, Colorado Real Estate, Fort Collins Real Estate, Fun Facts, Mortgage | Tagged , , , , , , , , , , , , , , , , , ,

‘Tis the season to give!

GIVEGIVEPlease consider giving a gift that counts this season.

Donate to help those in need in Colorado. Just click the link below… ALL donations will go to one of three organizations in Colorado that benefit low-income and homeless children and families.

Merry Christmas! #TackleHomelessness

To donate, just click here to go to our secure donation site: https://store.windermere.com/content/colorado-tacklehomelessness-donation

 

 

Posted on December 22, 2016 at 2:38 pm
Fort Collins | Category: Blog, Colorado Real Estate, Foundation | Tagged , , , , , , , , , , , , , , , ,

How Interest Rates Impact Your Buying Power

Know your risk. How will your buying power be impacted with increased interest rates?

Check out this infographic for an understanding of how much interest rates affect how much home you can afford.

20161216-Cost-of-Interest-STM-1024x791

 

Source: www.simplifyingthemarket.com Read the full article here: http://www.simplifyingthemarket.com/en/2016/12/16/the-impact-your-interest-rate-has-on-your-buying-power-infographic/?a=79696-9675764dc3b9cb63398c8d3c043b0717 

 

 

Posted on December 22, 2016 at 2:26 pm
Fort Collins | Category: Blog, Colorado Real Estate, Fun Facts, Mortgage | Tagged , , , , , , , , , , , , , , , , , , , , , , ,

Multi-Wow

apartment-406901_1920Check out what’s happening in the multi-family market in Fort Collins.

The number of condos and townhomes for sale is way down compared to last year. 35% fewer new listings hit the market in November 2016 versus November 2015.

Of course that means prices are up, 15% to be exact. The average price for multi-family in Fort Collins is now at $282,000.

Who would have thought that one day the average price for a condominium or townhome in Fort Collins would be $300,000? Well, that’s close to being a reality.

Posted on December 12, 2016 at 4:59 pm
Fort Collins | Category: Blog, Colorado Real Estate, Fun Facts | Tagged , , , , , , , , , , , , , , , , , ,

10 Reasons to Sell Your House This Holiday

Waiting for spring to think about selling your house?

You might want to think twice… Check out this video to discover 10 reasons to sell your house this holiday season!

Posted on December 8, 2016 at 12:12 pm
Fort Collins | Category: Blog, Colorado Real Estate | Tagged , , , , , , , , , , , , , , , , ,

100K

The City Manager for Fort Collins, Darin Atteberry, recently visited our weekly sales meeting. He had several interesting and valuable facts to share, including this…

lego-1044891_640Based on the City’s research, Fort Collins will grow by 100,000 people over the next 25 to 32 years. That will bring the population to approximately 255,000 people. It means Fort Collins will essentially add the equivalent of Boulder’s population over the next two and a half decades.

100,000 people will require 40,000 housing units. That equates to 1,600 new homes/apartments/condominiums/etc. per year for the next 25 years.

Wow!

If you are curious where all of these people with live and how Fort Collins will accommodate them, join us at our Third Annual Market Forecast event on January 19th! Windermere’s Chief Economist, Matthew Gardner, is flying here all the way from Seattle to present to us along with Eric Thompson, president of Windermere Colorado. Just visit www.WindermereForecast.com to reserve your seat.

Posted on December 2, 2016 at 4:30 pm
Fort Collins | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , , , , , , ,

The Trump Tantrum

interest-rates-gameSince the election interest rates have jumped from 3.77% to 3.95% according to the Mortgage Bankers Association.

“This week’s increase in mortgage rates, being dubbed the ‘Trump Tantrum,’ is the biggest one week increase since the ‘Taper Tantrum‘ in June 2013,” said Bankrate’s chief financial analyst Greg McBride.

Economists say the anticipation of Trump’s pledged spending plans and tax cuts have investors anticipating some inflation and a dose of adrenaline to the economy which have caused a great deal of volatility in the market.

A little perspective is in order- rates today are still lower than the 3.97% recorded last year at this time. And, rates today are still essentially half of their long-term average.

Using a $400,000 home as an example with a 20% down payment, this interest rate increase translates to an additional $34 per month.

Many economists believe that we are now seeing the beginning of a long-term rise in interest rates.

source: Inman News

Posted on November 18, 2016 at 4:51 pm
Fort Collins | Category: Blog, Fun Facts, Mortgage | Tagged , , , , , , , , , , , , , , , , ,

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; rock-1771915_1280most 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.)
Posted on November 4, 2016 at 2:51 pm
Fort Collins | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , , , ,

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:

  1. Denver
  2. Boulder
  3. Fort Collins
  4. Seattle
  5. Boise

At the bottom of their list is… Atlantic City.

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Posted on October 21, 2016 at 3:41 pm
Fort Collins | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , , , , , , , , , , ,

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.

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Posted on October 14, 2016 at 3:54 pm
Fort Collins | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , , , , , , ,