The Latest Edition of THE SCOOP!

Check out the link below for interesting and helpful info on the Northern Colorado Real Estate Market!

The Scoop 1st Quarter 2018

Posted on April 16, 2018 at 3:23 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Homes for Sale, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , ,

Friday Fun Facts!

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18 Days

We now measure inventory levels in terms of days. Typically we measure in months. For instance, a “balanced market” is when there is 4 to 6 months of inventory currently for sale. Meaning that, in a balanced market, it would take 4 to 6 months to sell every home that is currently on the market.

Anything less than 4 months is a seller’s market. Certainly, when we measure in days, we are in an extreme seller’s market.

Today the Greeley market has 18 days of inventory, Fort Collins has 27 days, Loveland has 30, and Windsor has 51.

These are all lower than a year ago. For example, Greeley at this time last year had 27 days of inventory.

But this statistic can be misleading. Sometimes people assume that the extreme seller’s market applies to all price ranges and all locations.

Not true. When we drill down we find sub-patterns that are revealing. For example, homes in Loveland priced over $500,000 have 3 months of inventory and homes in Fort Collins over $750,000 have 5 months.

Because inventory levels tend to increase as prices increase, there becomes a distinct advantage for the move up buyer. Today, many people can sell in an extreme seller’s market and move up to a price range with less competition and more selection.

If our active market has you thinking about investing in real estate in Northern Colorado. Check this out…

Grab a copy of our Investment Kit so you can see the simple steps to get started without stress or complication. Email me at phunter@windermere.comand I will send you a video which clarifies the process and our Investment Checklist so you can see what to do first.

Get our Investment Kit…

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Welcome to Friday Fun Facts!

Posted on April 13, 2018 at 1:24 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , ,

Friday Fun Facts!

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Top 4/Bottom 4

At the end of this weekend College Basketball’s Final 4 will be established. It might make you wonder, what the top 4 and bottom 4 real estate markets across the country?

Here they are, ranked by the last 12 months of appreciation according to fhfa.gov:

Top 4:

  1. Tacoma, WA 14.6%
  2. Seattle, WA 14.3%
  3. Port St. Lucie, FL 13.7%
  4. Las Vegas, NV 13.6%

Bottom 4:

  1. Atlantic, NJ -3.14%
  2. Peoria, IL -3.0%
  3. Huntington, WV -2.6%
  4. Jackson, MS -1.2%

Welcome to Friday Fun Facts!

Thanks for checking out this week’s Friday Fun Facts!

These little nuggets of information are designed to inform, education and entertain you. I promise to give you some solid takeaways, based on real life with information that will keep you up-to-date. CONTACT ME FOR MORE MARKET INFO

Posted on March 23, 2018 at 1:31 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Homes for Sale, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,

Windermere Report Monthly Highlights

This month’s Windermere Report should be arriving in your mailbox soon (if you are not already signed up to get this from me, CLICK HERE and tell me that you would like to know how the real estate market is doing each month), and I wanted to share some quick highlights.

  • 48% of homes in the Fort Collins/Loveland areas are considered “affordable” to the median wage earner
  • We will see 50-80% more listings hit the market March-June (yay!)
  • Those homes will sell 30-50% more quickly 
  • We are getting BACK TO NORMAL for homeownership rates, rising back up towards a 65% rate

If these are interesting to you, I can keep you informed each month. Just DROP ME A LINE. Have a great week!

Posted on March 12, 2018 at 1:42 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , ,

Friday Fun Facts! 10,000 Short

Northern Colorado isn’t the only place with limited inventory.

Metro Denver is short by 10,000 listings.

The average number of homes for sale for this time of year in the Denver area, going all the way back to 1985, is 14,309.

Right now there are 4,084 residential properties on the market. This is a difference of 10,225 listings compared to the long-term average.

The peak was 2008 when there were 25,037 listings. The lowest year was last year with 3,878 (a drop of 21,159 in 9 years?!).

The good news for buyers is that inventory is up 5% compared to last year. Another piece of good news is that the Spring tends to produce the highest amount of inventory for buyers to pick from.

Posted on March 9, 2018 at 7:21 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,

The Scoop! Is Here

Check out this quarter’s edition of The Scoop! Our Northern Colorado Market report!

THE SCOOP!

Posted on February 19, 2018 at 4:59 am
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,

Friday Fun Facts!

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The Antidote

The stock market is in turmoil this week (I’m guessing that you’ve noticed). Investors feel like they’re strapped into a roller coaster at Coney Island- up and down and all around they go, thrashed around by the whims of the market.

These are words currently on financial news websites: Whiplash, Volatile, Wild Ride, Plunge!

But, here’s the deal. While the Dow Jones plummeted 4.2% yesterday (in one day!?), real estate in Northern Colorado did not.

Real Estate is the antidote for stock market heartburn.

Consider the numbers:

  • Over the last 40 years, Northern Colorado real estate prices have averaged a 5.36% increase per year.
  • The last 10 years have seen a 4.99% increase per year.
  • It took the worst economy of our lifetime in 2008 to cause prices to go down only 2.2%. (massive banks were going out of business on Wall Street and real estate prices here went down 2.2%!)
  • Our NoCo population is growing by about 13,000 per year and those people need a place to live.

If you’re looking for a predictable, tangible, calming, help-you-sleep-at-night, easy-to-understand place to put your money, real estate just might be for you!

As it turns out, I can help you with that 🙂

Now, here’s how the current events on Wall Street have a very relevant impact on real estate- interest rates.

If you attended our Market Forecast you saw how the 30-year mortgage rate has a direct correlation to the 10-year treasury note.

Rates on the 10-year note are up over a half of a percent in just a few weeks. We have seen mortgage rates go up recently and they will continue to go up.

We believe this may slow the rate of home price appreciation (this doesn’t mean ‘go down’, it means the pace of appreciation will slow).

As mentioned above, the long-term appreciation has been near 5% per year. Lately it’s been near 8%. Rising rates could cause the prices to go back to their more normal appreciation rate.

So, even if your stock market portfolio is taking a wild ride, sleep well knowing your real estate continues to perform.

Just released – a video recap of our annual Market Forecast. It will help clarify everything happening in Northern Colorado real estate.

Watch Here.

Posted on February 9, 2018 at 2:42 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,

New Downtown Loveland Hotel

There has been A LOT of development in the Loveland and Fort Collins areas in the way of accommodations in the last few years. The Elizabeth Hotel in Fort Collins being one of the most notable. But Loveland is keeping up with its Foundry development that is a public/private partnership to bring even more life to the Downtown Loveland area.

A new hotel is being added to the mix, and it will be a 102 room Towne Place Suites by Marriott, and it will be right downtown. There will be an indoor swimming pool, meeting space, and will be pet friendly. Now people will be able to look at Downtown Loveland as a destination, with shopping, restaurants and hotels all within walking distance of each other.

If you have any questions about this hotel or the Foundry development in Loveland, give me a call!

Posted on February 7, 2018 at 2:37 pm
Paul Hunter | Category: About the area, Loveland Real Estate, Real Estate | Tagged , , , , ,

The Gardner Report

Every quarter Windermere’s Economist Matthew Gardner puts out the Gardner Report. Check out the lates installment of this report for Northern Colorado below!

 

Gardner Report Q4

Posted on February 6, 2018 at 3:15 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , ,

Are We Bubbly?

Because our Northern Colorado market has been so active over the last four years, clients often ask me if wIe think there is a housing bubble forming.

There are several key statistics which we track closely in order to answer that question.

Here is one fact that we find to be insightful…

One of the root causes of the last housing bubble was the glut of inventory, and specifically new home inventory. Quite simply, the market was being oversupplied with new homes. The rules of economics say when there is oversupply, prices must come down.

Are we in a housing bubble?

Today, there are far fewer new home starts compared to 2004 and 2005 when the last bubble was forming – despite there being a larger population.
According to our friends at Metrostudy who track the new home market, Northern Colorado has had 4,452 new home starts in the last 12 months.

That number is only 60% of what it was at the height of construction in early 2005.

It is also interesting to note that over the last 12 months there have been 4,473 new home closings which shows that demand is keeping up with supply.

So when you drive around Northern Colorado and notice all the new homes being built, know that construction activity is far less than what is was during the bubble and that demand is keeping up with supply.

In case you missed our annual real estate Forecast event, you can reach out to me to see the presentation slides or receive a video recap of the information. Just email me at phunter@windermere.com

Posted on January 26, 2018 at 3:54 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , ,