1 Million

We have our pulse on the high-end luxury market.

The activity in price ranges over $1,000,000 is an effective indicator of the health of the overall market.

If buyers for luxury properties are active, it tells us that “smart money” is confident about real estate in Metro Denver.

So far this year, 1671 luxury properties have sold.  This is 75 more than had sold at this same time last year and 440 more than 2017.

It seems “smart money” is confident.


Posted on September 20, 2019 at 12:34 pm
Paul Hunter | Posted in Buyer Tips, Friday Fun Facts, Investment |

Quality Investment Property in Fort Collins!

Opportunities like this in Fort Collins are rare! 4 units each with attached two car garages, fireplaces, decks, and extensive upgrades. Just some of the updates include a new roof, updated kitchens and bathrooms, new decks, new blinds, new furnaces and water heaters in all units, new sliding doors, and Unit B has a recently finished basement. Close proximity to I-25, CSU, and Old Town make this property INCREDIBLY attractive to renters, quality investment property. Call for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/100363491


Posted on September 18, 2019 at 7:46 pm
Paul Hunter | Posted in Fort Collins Real Estate | Tagged , , , , , , , , , , , , , , , ,

Rate Bounce

Rates hit near-historic lows this week and are now at 3.49% for a 30-year mortgage.

There have only been two other times in history when rates have been this low- April 2013 and October 2016.

It’s interesting to see what happened soon after bottoming out these last two times.

In April of 2013 rates hit 3.41%.  By August 2013 they had jumped to 4.40%.

Rates bottomed again in October 2016 at 3.42%.  Just two months later in December 2016 they were 4.32%.

Each time the increase was nearly 1% within just a few months.

So, if history proves itself as a guide, we can’t expect these rates to last for long.


Posted on September 13, 2019 at 1:43 pm
Paul Hunter | Posted in Buyer Tips |

Ranked!

The latest report from the Federal Housing Finance Authority is hot off the press.  They rank 241 major metropolitan areas across the U.S. for yearly home price appreciation.

They show that, nationally, home prices have gone up 4.99% over the last 12 months.

Here’s how the major cities rank in Colorado among the 241:

#22 Greeley = 7.94%

#27 Colorado Springs = 7.64%

#63 Fort Collins = 6.34%

#133 Denver = 4.83%

#188 Boulder = 3.41%


Posted on September 6, 2019 at 2:16 pm
Paul Hunter | Posted in Seller Tips |

Case-Shiller

The Case-Shiller Home Price Index is a well-known report in the real estate industry and a valuable way to gauge what is happening in various markets across the Nation.

The report tracks home price appreciation in the 20 largest markets in the country.

Their most recent report shows that, Nation-wide, home prices are up 2.1% year-over-year. Last year prices were rising at 6.3%. So, prices are still going up but not as fast as they were.

The city with the highest appreciation over the last 12 months is Phoenix with 5.8% growth followed closely by Las Vegas at 5.5%.

Denver came in at 3.4% which makes it tied for 8th place out of the 20 cities.


Posted on August 30, 2019 at 7:43 pm
Paul Hunter | Posted in Buyer Tips, Real Estate, Seller Tips |

Mountain Living at its Finest in Loveland!

Awesome year round home at 22 Tracy Trail Road in Loveland just off 34, only 2 miles up from The Dam Store! It is up the hill (so not in the floodplain according to the maps) and that gives you great views of the canyon off to the large restored deck. Updated kitchen and bath, new plumbing and well pressure tank. There is a brand-new roof and newer windows. Enjoy mountain living with an updated home, garden boxes to add to the wild flowers that already grow all around the home. Call for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/99263885


Posted on August 26, 2019 at 3:34 pm
Paul Hunter | Posted in Loveland Real Estate, Virtual Tours | Tagged , , , , , , , , , , , ,

A Closing Window

For home sellers who would like to move to a new home this year, there is a window of time that is closing as we head into the Fall months.

Most people know that the Spring and Summer are the most active months for real estate and that activity trails off into the Fall and Winter.

Here are the specific numbers behind this…

The number of homes sold along the Front Range in November tends to be between 15% and 29% lower than September.

That means the best window of time for current sellers to obtain a contract from a buyer and close by the end of the year will occur over the next 45 days.

For sellers who have homes on the market today, it is time to ensure that:

  • The home is priced right versus the competition
  • All of the marketing elements are in place
  • It is easy for a buyer to make an offer on the home

Posted on August 23, 2019 at 12:44 pm
Paul Hunter | Posted in Friday Fun Facts, Seller Tips |

Great Investment Property in Fort Collins!

Do you want an investment property with an amazing central Fort Collins location, new exterior paint, and fresh landscaping? Well you’ve found it! This property at 400 West Swollow Road in Fort Collins is pre-leased for $1900 per month until July of 2020. Has great potential past that for an owner occupant or continue to take advantage of the location close to the Max and the new Foothills mall to get premium rents! Call for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/99194173


Posted on August 21, 2019 at 5:22 pm
Paul Hunter | Posted in Fort Collins Real Estate, Virtual Tours | Tagged , , , , , , , ,

How Much?

So how much real estate is sold in Northern Colorado?

As it turns out, a lot!

Last month alone there were 1,099 single family homes that sold in Larimer and Weld Counties

The average price was $429,144 which means the total sales volume for one month was $471,629,129 (almost a half a billion)!

Over the last 12 months, just over $4.5 billion worth of single-family homes have sold.

That’s a lot of real estate!


Posted on August 16, 2019 at 1:30 pm
Paul Hunter | Posted in Friday Fun Facts, Seller Tips |

On Sale

With interest rates so low, one could argue that money is essentially on sale.

It’s actually half off.

30-year mortgage rates hit 3.75% which is exactly half of their long term average.

Rates have averaged 7.5% over the last 40 years so today buyers are getting half of that rate.

The “sale” on mortgage rates creates a significant savings in monthly payment because of the 1%/10% rule.

For every 1% change in interest rate, the monthly payment will change roughly 10%.

So when rates go up to 4.75%, a buyer’s payment will be 10% higher.

For example, the principal and interest payment on a $400,000 home with a 20% down payment at today’s rates is $1,482.

If rates were 1% higher, the payments jump up to $1,669.


Posted on August 9, 2019 at 7:34 pm
Paul Hunter | Posted in Buyer Tips, Investment, Real Estate |