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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 […]
Blog Versus Boulder When it comes to real estate, many say that Fort Collins is the “next Boulder.” Let’s look at the 2016 numbers* and do a little side-by-side of Fort Collins versus Boulder. The Fort Collins average price is less than half of Boulder’s ($355,000 versus $890,000) Fort Collins has 4 times as many transactions (1,108 versus […]
Blog 100.1% – What’s A “Normal” Market? In a “normal” market* homes tend to sell for about 96% of the listing price. Meaning, that the buyer and seller will negotiate and end up settling on a price 4% below the list price. This statistic is an interesting way to measure if a market is a “buyers” market or “sellers” market. So far […]
Blog Luxury Market Bingo Let’s have some fun with 5 Fascinating Facts about the Luxury Market in Northern Colorado (homes priced over $700,000): Luxury homes represent 19% of all available inventory Luxury homes represent 3% of all closed sales The luxury market has 11 months of inventory The average sales to list price for a luxury home is 97% The average days on market for a […]
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