BlogFun Facts November 4, 2016

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.)
BlogFun Facts October 21, 2016

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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BlogFun Facts October 14, 2016

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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BlogFun Facts September 9, 2016

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.autumn-974882_1280

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.