Friday Fun Facts

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Friday Fun Facts Supply and Demand Northern Colorado gave us a real-life economics lesson in January 2020. Compared to one year ago… Inventory was down 10% (Supply) Homes under contract went up 31% (Demand) Prices were up 5% (Result)
Friday Fun Facts Affordability Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years. Here’s some interesting research on affordability… Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country. Their method is to count the number of homes […]
Buyer Tips Rate Forecast Here is our interest rate Forecast for the next year. Our Chief Economist, Matthew Gardner, predicts that rates for a 30-year fixed mortgage will stay between 3.8% and 3.9% for 2020. He doesn’t see rates going above 4.0% until at least the first quarter of 2021. This is obviously great news for buyers as their […]
Friday Fun Facts Millenial Buyers Millennials often get a bad rap.  One of the myths about Millennials is that they don’t own homes and will be renters forever. Not true!  Especially on the Front Range of Colorado. Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro […]
Fort Collins Real Estate Big Numbers A lot of real estate changes hands in Northern Colorado over the course of a year. In 2019, Larimer and Weld Counties had… 12,830 residential sales which is 1.2% more than 2018 $5,224,834,424 of sales volume which is 4.45% more than 2018 For a detailed look at all the 2019 numbers plus our forecast for […]
Friday Fun Facts Save Your Spot A quick, simple Fun Fact for you this week… It’s time to sign up and register for our annual Market Forecast event. We will be live in Denver on January 15th at the Wellshire Events Center. And In Fort Collins on January 16th at the Marriott. Both events start at 5:30. Choose which location works […]
Friday Fun Facts The 12 Facts of Real Estate While your true love may be getting you a partridge in a pear tree in the near future, we decided to give you the 12 facts of Colorado real estate: 1 is the ranking Colorado owns for long-term home price appreciation versus all other states 2.6% unemployment rate in Colorado right now 3.73% mortgage rate […]
About the area Vital Signs Here are the vital signs for the Northern Colorado market. First, Larimer County: Average prices are up 2.4% Number of transactions is down 2.5% Inventory is up 11.9% Days on market is up 4.1% Now, Weld County: Average prices are up 4.3% Number of transactions is up 3.6% Inventory is up 12.9% Days on market […]
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About the area County by County Metrostudy, who in our opinion is the leader in new home research, recently did a study on the average price of a new home in each of the Front Range Counties. Here are some interesting takeaways… If you want to find the least expensive new home on the Front Range, the places to look are […]
Friday Fun Facts Grateful For Here’s something to be grateful for… Colorado’s healthy real estate market! The research continues to show that there is no better place to own real estate over the long term than right here in our own backyard. The Federal Housing Finance Authority tracks real estate prices in close to 300 markets across the Country. We […]
Friday Fun Facts Job News There is an abundance of great news when it comes to employment in Colorado. The unemployment rate is incredibly low at 2.7% which is almost a full percentage point lower than the U.S. average. According to the Bureau of Labor Statistics, Metro Denver added 28,300 jobs over the last year which ranks 15th out of […]
Buyer Tips Two Tales This is a tale of two Counties. When it comes to new home activity, there is a big difference between Larimer and Weld Counties. Larimer County new home starts are down 10% and new home closings are down 15% compared to last year. Weld County new home starts are up 18% and new home closings […]
Buyer Tips All Time High Home Builder’s confidence in Baby Boomer buyers is at an all time high. The National Association of Home Builders (NAHB) surveys their members each quarter to discover what they expect of future sales. The builders base a large part of their answer on how many people are visiting their sales centers and model homes versus […]
Buyer Tips Time for New Here is a fact… If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen. Here’s why… Many builders have year-end goals and sales quotas to hit. If they have a “standing inventory” of homes that are completed but not […]
Buyer Tips Most Active What is the most active price range in Northern Colorado? Take a guess… $300,000 to $400,000 $400,000 to $500,000 $500,000 to $750,000 $750,000 and above By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and […]
Buyer Tips Equity Insights The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report. Some interesting tidbits: 63% of all properties nationally have a mortgage Homeowners with mortgages collective realized a $428 billion rise in equity over last year, an increase of 4.8% Only 3.8% of all mortgaged properties have negative equity (where the […]
Buyer Tips 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 […]
Friday Fun Facts 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 […]
Friday Fun Facts 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 […]
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