Update On Market Absorption (Amount of Inventory)

by Paul Hunter

Here we are halfway through the summer already! Time flies when you are having fun I guess!

I want to get you the update on the quarterly real estate market absorption rate that I analyze each quarter for Fort Collins. As a reminder, inventory or Absorption Rate is the amount of time it would take to sell all of the homes on the market today, if no more homes were to be listed. We have been hovering around 1.1 months to 1.3 months for over a year now (SUPER low inventory, a balanced market is 6 months of inventory according the National Association of REALTORS). But we are seeing a slight uptick to 1.58 months at the beginning of July. While that is still very low and certainly a seller’s market, we are seeing more homes hit the market and sit around for a week or two, which is providing great opportunities for the buyers I have been working with. It is a slightly less daunting market than it was in March.

If you are interested in learning more about how this could be an opportunity for you as a Buyer in the Northern Colorado area, please feel free to give me a call or shoot me an email! Enjoy your week!

About the area • Real Estate • Seller Tips • March 31, 2017

Friday Fun Facts! Does EVERYTHING Really Sell In This Market?

by Paul Hunter

The Hidden Truth

An often over-looked fact is this – not all homes which are listed for sale actually sell.

For instance, 1844 single-family homes have closed so far this year in Northern Colorado and 435 have been withdrawn from the market. So when a home is listed in our market, there is a 20% chance that it will not sell.

It begs the question, why does this happen? How could it be, that in today’s hot market, a home would not sell?

The reality is that there are many reasons why. What we know is that a major culprit is the inspection. The inspection represents a big source of upset, angst and unpleasant surprise in the transaction. Right after the Seller and Buyer are thrilled to finally be under contract, the inspection arrives which disappoints all parties.

The disappointment leads to another round of negotiation which can ultimately lead to the cancellation of the contract.

This is why I so firmly believe in pre-inspecting every listing and why I have committed to the Certified Listing process. Similar to a Certified pre-owned car, my 10-step process provides confidence to the Seller and clarity to the Buyer.

To see more about the process check out the video below! Feel free to contact me if you have any more questions!

About the area • Buyer Tips • Investment • Real Estate • Seller Tips • March 4, 2017

What’s Happening In The 2017 NoCo Real Estate Market?

by Paul Hunter

Have you asked yourself this question, or has someone you know asked this question? Then let us answer! Check out the video below that outlines our 2017 Windermere Real Estate Market Forecast!

About the area • Buyer Tips • Investment • Real Estate • Seller Tips • December 4, 2016

Been Waiting On Selling? Let’s Talk About Your Home’s Value!

by Paul Hunter

Are you interested in taking advantage of the 16.1% appreciation year over year in Fort Collins or the 8.6% number in Loveland? Give me a call and I would love to give you an idea of what your market value is today, and what your equity is in your home. That way if you do decide to sell or refinance this spring, you’ll be in a position to know what you can expect! I can share the Windermere Certified Listing program with you that has successfully helped my sellers beat the market when it comes to days on market sold price. Have a great week!