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Fun Facts Did You Know? Did you know the average price appreciation over the long term, according to the Federal Housing Finance Authority (who’s been studying this for 40+ years) is… ·         5.63% per year for Metro Denver ·         5.35% per year for Larimer County ·         4.5% per year for Weld County If you want to be totally clear on all […]
Fun Facts 6 Clever Ways to Disguise Trash Bins You probably don’t give much thought to your garbage cans, other than remembering to put them out on the right day. But we all have to store our trash and recycling bins somewhere, and doing so can be a challenge on a smaller property, especially if you don’t want them to be an eyesore. If […]
Fun Facts The Wellington Explosion What if we told you there is a real estate market that has seen a 300% increase in sales volume in only 5 years? What if we told you that market was right in our back yard? The market is Wellington and what is happening there is extraordinary. Because price increases in Fort Collins have […]
Fun Facts Interest Rates Rise… So What? The Federal Reserve raised their benchmark interest rate 0.25% this week. So what does this mean for real estate? Some perspective is in order… First, mortgage rates are not directly tied to the Fed Funds rate. They are, however, closely tied to the 10-year Treasury. While the Fed was raising their rates this week, mortgage […]
Blog Limited Choices Pretend that customer walks into our office and tells us they are looking for a single family home in Fort Collins. We would tell them that there are 314 to choose from. But if they told us their price range is up to $300,000, their choices would be limited to just 10 homes. Single family […]
Blog Did You Know? 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) This year the median price of a home surpassed… $350,000 in Fort Collins $300,000 in Loveland $250,000 in Greeley 2,281 homes were sold in Fort Collins this […]
Blog 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.   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     
Blog Multi-Wow Check 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 […]
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Blog 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… Based 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 […]
Blog The Trump Tantrum Since 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 […]
Blog 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; most buyers are shopping with a spouse or partner (73 […]
Blog 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: Denver Boulder Fort Collins Seattle Boise At the bottom of their list is… Atlantic City.
Blog 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 […]
Blog 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. 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 […]
Blog The Winner Is… With the Olympics stoking the spirit of competition, we took a look at how Colorado stacks up against the other states when it comes to real estate prices. Our impartial judge for the competition is the Federal Housing Finance Authority who tracks close to 300 real estate markets all over the country. For this competition […]
Blog The Mountain Market With fall right around the corner many of us will be trekking up to Estes Park to see the Aspen leaves turning. As you drive through Estes you may wonder “how’s the mountain market?” Here are some fun facts about real estate in Estes Park. The average price today is $394,046 – not that different […]
Blog Door Opens for Buyers After a very active (to say the least) spring and summer, the door has now opened for buyers in our market. Buyers who were frustrated during the first half of the year with low inventory and bidding wars now realize a better environment. It’s time to step off the sidelines and take a fresh look […]
Blog Seasonal Slowdown August marks the end of the busy real estate selling season and the beginning of the traditional seasonal slowdown in our market. The four months of April, May, June and July tend to produce 45% of the year's total sales. This is based on looking back at 5 years of data. If 2016 holds true […]
Fun Facts Money is On Sale Money is On Sale Imagine you paying the bank, instead of them paying you, to keep your money. (more on that in a minute). Mortgage rates recently hit near all time lows. Today, rates are near 3.5%. The long-term average, going back 40 years, is near 7.5% So, essentially money today is on sale for […]
Blog Mis-Match Our market is under-supplied. Plain and simple. There is a 1 to 2-month supply of homes across Northern Colorado. A balanced market would have 6 months. So, home builders to the rescue right? Not so fast. Home builders, for various reasons, have a very hard time matching the market. 75% of sales in Northern Colorado […]
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