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Inventory Mismatch
One of the many interesting dynamics in our Northern Colorado market is the mismatch between inventory and sales.
Meaning, there isn’t enough of what most people want.
Check this out, year to date for Northern Colorado:
Under $300K = 1,123 homes sold/87 currently for sale (!)
$300K to $500K = 1,106 homes sold/358 currently for sale
$500K to $1M = 310 homes sold/301 currently for sale
Over $1M = 13 homes sold/54 currently for sale
By the way, this means that is an incredible opportunity for the move up buyer. Contact us to see what your home is worth in today’s market.
An Unbalanced Market
When was the last time you rode a see-saw?? (some people call it a teeter-totter.) Our market right now reminds me of when my little sister and I would try to ride one. There she was stuck up in the air and there I was stuck on the ground (I was a big kid!)
Here’s the deal- a market is “balanced” when there is 6 months of inventory for sale. Meaning it would take 6 months to sell out everything on the market assuming nothing new came on the market.
Over 6 months = buyer’s market. Under 6 months = seller’s market.
Check it out: Today, in Northern Colorado, there is only a 1.5 month supply. Yep, a seller’s market. There’s my sister stuck up in the air.
But wait! There’s more to the story! Taking a closer look at specific price ranges reveals that under $250,000 there is a two-week supply! And over $700,000 there is a 6.5 month supply.
So, we have both buyer’s markets and seller’s markets right here in our Northern Colorado market.
The big takeaway is this – for some people. This is an ideal time to move up. Depending on your home’s price and location you could sell in a seller’s market and potentially buy in a buyer’s market.
If you want to see how to do this, give us a call!
Prices up $392 Per Day in Fort Collins
Today we’re researching the numbers in our market and we have a good one for you. So far in 2016, average prices in Fort Collins are increasing $392 per day. This is according to IRES, our local MLS service.
Here’s the deal. The average price for a single family home in Fort Collins at the end of 2015 was $359,655. Today, half way through April, it is $400,829. A $41,000 increase in 4 1/2 months! (side note – it’s a big deal that average prices are now over $400,000, it’s the first time that has ever happened).
So, prices in 2016 are moving at a pace of $392 per day.
Great news if you are a homeowner. Great news if you are a Seller. Great news if you are thinking of Selling.
Not so great news if you are a renter.
What’s causing this? A few things.
1. Artifically low interest rates being held down for many factors including a weak global economy.
2. Really high job growth in our local area.
3. Really low inventory levels of homes for sale in our local area.
The takeaways:
1. This is a good place to own real estate (the long-term numbers prove it)
2. This is a good time to sell and move up (because rates are so low)
3. This is a good time to become an owner if you are a renter (because rates are so low)
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!
More Room For Your Growing Family
There comes a time in every family's life when they need a new place to live, either because their lease is up, they're expecting a new baby, or they're relocating for a new job. At Windermere Real Estate in Loveland, one of the most common situations that we've seen is growing families that simply need more room. Either they're expecting another child, the kids they have are getting bigger and want their own rooms, or other family members are coming to live in the household. Whatever the case may be, our realtors can help you find the perfect new home in Northern Colorado.
If you have kids that are still in school, but you want to relocate to be closer to a school that has better performance ratings, we can narrow your search to certain neighborhoods or new housing developments. If you moved away for college, got married, started a family, and are now coming back to Loveland so that your kids can attend the same school that you did, as well as be closer to grandparents, we'll help you find your new residence. Each child can have their own room, and you and your spouse can have the master bedroom that you've always wanted, as well as the additional living and entertaining space that you so desperately need.
To begin your real estate search, please contact us right away. We'll cover every aspect, including mortgage rates, budget, and location. Your agent will be dedicated to finding you the ideal home in the ideal spot, and will always be available to answer your questions. Call us today at (970) 323-3015!
An Experienced Team of Real Estate Agents
If you're a business owner that's in charge of hiring new employees, one of the first questions you ask during interviews is what sort of experience the applicant has, and more importantly, what experience they have in the field or industry with which your business is concerned. You want to know what they can bring to the table, and how they can add skills and knowledge to your company. At Windermere Real Estate in Fort Collins, we believe in that same principle, and when you contact us to be your real estate agent, we want you to know that we will bring a vast wealth of knowledge and expertise to your property search.
For those that are moving to Northern Colorado from another part of the country, they want an agent that understands the communities and all that they have to offer. Depending on your needs, your individual agent will narrow down your property search to the most appropriate neighborhoods, finding you a house that's close to schools, parks, and other conveniences. Our team of agents has lived and worked in the area for many years, and can answer all of your questions about Fort Collins, Loveland, and all the surrounding communities.
To begin your real estate search, take a look at some of our online listings, and if one or two catch your eye, please contact us right away for more information or to set up a showing. We look forward to being your agent and helping you find your perfect home!
Sell Your Loveland Home Quickly
For many people that are looking to sell their current home, they often have a few months – or longer – before they want or need to move, so there's not really a rush on finding a buyer. On the other hand, there are times when an owner needs to sell quickly in order to make a payment on a new property or relocate for a job, and he or she doesn't want to travel back and forth to finalize details. With Windermere Real Estate in Loveland, we can help you sell your home quickly and without any added stress.
If you need a quick sale, our realtors will make sure your home is priced appropriately from the very start. The housing market in Northern Colorado is very strong, and we're confident that you'll be able to get your asking price. We'll help you decide what a proper price point will be, and bring in potential buyers as soon as we can. We'll go over any easy home improvements you can do that will increase your home's curb appeal and make it more enticing to those coming to look at the property. We'll also cover staging and open house details, presenting your home as the beautiful place that you know it to be.
When you're looking to sell your Loveland home, trust the Windermere team to do the job quickly and to do it right. By making your home easy to show, it will be easy to sell. Before you know it, you will have sold your old home and be settled into your new one!
