Townhomes Are Back!

With the change in construction defects laws in Colorado in 2017, we are seeing condos and townhomes coming back in force! This is great news for first time homebuyers that start with an attached home before they move on to bigger, better, and more expensive things. Here are some interesting stats that show what is going on with the townhome market…

  • Townhome and duplex growth is up 36 PERCENT for the year
  • This market segment represents 26 PERCENT of the total market
  • This is the HIGHEST percentage the townhome and condo market has ever been
  • Detached single family homes represent only 70 PERCENT of the new home starts, the lowest since 2009

This info and more is found in my monthly Windermere Report Newsletter. If you would like to sign up to receive this info from me just shoot me an email. Have a great week!

 

Posted on January 15, 2018 at 2:45 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 , , , , , , , ,

2018 Market Forecast

Happy 2018, I hope the year is starting off wonderfully for you! As we start the year, you might be wondering, “what is going to happen in the Northern Colorado real estate market this year?” The good news is, we have an answer! We will be hosting our Annual Windermere Real Estate Market Forecast again this year, on January 18th at 5:30pm at the Marriott in Fort Collins. If you would like to attend, check out the website at www.WindermereForecast.com.

In the meantime, check out what the Windermere Economist, Matthew Gardner (who will be speaking at our Forecast event), has to say about the national market and economies below. I look forward to a fantastic year with you!

Posted on January 7, 2018 at 5:58 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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A Look Back

Here are some fun facts about 2017…

(By the way, be sure to RSVP for our Market Forecast on January 18th so you can hear our predictions for next year. Click HERE to register)

In 2017:

  • $4.6 billion of residential real estate was sold in Larimer and Weld Counties. ($2.8 in Larimer and $1.8 in Weld). This volume is double what is was in 2012.
  • There were 7,091 residential sales in Larimer County and 5,442, in Weld County.
  • On average, it took 53 days to sell a home in Larimer County and 49 days in Weld County. In 2012 it took about 25 days longer to sell a home.

To hear our predictions for the 2018 market, join our live Market Forecast event on January 18th at the Marriott in Fort Collins. Back by popular demand is Windermere’s Cheif Economist Matthew Gardner who will give you valuable and interesting insights into the real estate market. Reserve your spot at www.windermereforecast.com

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We have big news. Windermere is coming to Windsor!. Our newest branch office is right in the heart of downtown next door to The Hearth Restaurant and Toast Coffee. Watch for a grand opening in mid-January.

Posted on January 5, 2018 at 2:19 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 , , , , , , ,

Luxury Leaps

One of my favorite sources of data is the Fort Collins Board of Realtors monthly market report. Their newest release of information showed some interesting numbers on the luxury market and a confirmation of other statistics we are tracking.

The Luxury market is way up over last year.

In the greater Fort Collins area over the last 12 months, sales of single family homes priced between $1 million and $2 million, have leaped up 79% over last year. 24 total sales last year compared to 43 this year.

I included a screen shot from the report below…

I will take a deeper dive and closer look at the luxury market across all of Northern Colorado in our upcoming December Windermere Report (if you don’t already receive this monthly printed newsletter in your mailbox, let me know and I will add you to the list. Just contact me HERE.) 

Quarterly Market Report
Posted on November 20, 2017 at 2:13 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , ,

Friday Fun Facts – Long vs Short

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Short vs. Long

There are short-term questions about real estate and there are long term questions about real estate.

Clients often have short-term questions like…

How much will prices go up next year? Should I sell my house this Fall or next Spring? Will interest rates go up next week?

We encourage our clients to evaluate those questions in the context of the long-term. There are decades of data on the Northern Colorado market which reveal certain patterns.

When we show our clients these patterns they feel confident and secure in the investment they have made into their home and their rental properties.

For example, the long-term appreciation rates based on up to 41 years of research are as follows:

  • Larimer County = 5.36%
  • Weld County = 4.25%
  • Metro Denver = 5.56%

So over the course of a year prices may go up a lot or go up a little, but in the long term they will stay true to these long term averages.

To see an update as to what is happening in the Northern Colorado market, contact me to receive our quarterly “Scoop” report.

Posted on October 27, 2017 at 1:42 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , , ,

Friday Fun Facts!

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Inventory Is Up

For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory.

Based on our current research, it looks like this trend is reversing.

Let’s look at the increase in inventory in our major markets versus a year ago…

  • Fort Collins up 28%
  • Loveland up 4%
  • Windsor up 37%
  • Greeley up 5%

This increase in is very good news for prospective buyers as now there are more homes to choose from.

To see an update as to what is happening in the Northern Colorado market, contact me to receive our quarterly “Scoop” report.

Posted on October 20, 2017 at 1:56 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 , , , , ,

Windermere Symposium!

I was lucky enough to spend most of last week in Seattle for the yearly Windermere Conference called the Windermere Symposium. We were able to learn from many different masters in the business and economics, and will be able to use those tools and skills to help all of my clients even more efficiently!

And even more importantly, if you are planning on a move to anywhere in the Western United States, I have many different contacts that can help you or any friends or family members purchasing or selling outside of Colorado. If you need any help finding a Realtor in any of the 11 states we have a presence in I can help!

Posted on October 9, 2017 at 3:08 am
Paul Hunter | Category: Buyer Tips, Real Estate, Seller Tips | Tagged , , , , , ,

Friday Fun Facts!

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Memory Lane

Today I will take a fun trip down memory lane.

Did you know that it was the fall of 1981 (I was -2 years old!) when mortgage interest rates hit their all time peak? Yes it was this time 36 years ago when 30-year mortgage rates hit 18.39%

Yikes!

It’s important to note that in those days, not many home buyers were opting for a 30-fixed loan because rates were so high. There were a lot of people looking at adjustable rate products as a way to reduce the monthly payment.

Just for fun, let’s look at what a monthly payment would look like if those same rates from 1981 existed today.

If rates were 18.39% today, a $350,000 home with a 20% down payment would have a monthly principal and interest payment of…

$4,309! Yikes!

Thank goodness rates aren’t that high today. They are actually about 15% lower!

Today’s 30-year rate sits at 3.83% (which by the way is roughly half of the long term average).

A monthly principal and interest payment on a $350,000 home with 20% down is…

$1,309. Three thousand dollars lower than it would be using 1981 ‘s rates.

For a detailed look at what’s happening across Colorado, request my quarterly market report called “The Scoop.”

Posted on September 29, 2017 at 2:14 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 , , , , , ,

Luxury Listings in Northern Colorado

Luxury Living

837 Glenn Ridge Dr Fort Collins CO 80524

Here are the top 5 most expensive home sales in Northern Colorado so far this year…

  1. $3.3 Million – a 16-acre estate near Pinewood Reservoir with 6 bedrooms, 8900 square feet, and black walnut floors
  2. $2.2 Million- a 9300 square foot home on 5 acres in Hidden Valley estates near Loveland
  3. $1.9 Million – a 8100 square foot home in the Harmony Club
  4. $1.9 Million – this 29-acre property between Berthoud and Loveland includes a 6000 square foot home and a 12,000 square-foot shop building
  5. $1.9 Million – a 9000 square foot home in SE Fort Collins which backs to open space and trails

Click HERE to see current luxury listings in Fort Collins or click HERE to see current luxury listings in Weld County. If you have any questions give me a call or shoot me an email.

Posted on September 25, 2017 at 3:38 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Seller Tips | Tagged , , , , , , ,

Greeley On A Roll!

The Greeley market is about to hit a major milestone.

We project that in the first quarter of 2018, the average price for a single family home in Greeley will surpass $300,000.

Today the average price sits at $289,870.

Just a year ago it was $262,828.

Guess when Greeley broke the $200,000 barrier? It was only about 3 years ago in June 2014.

So what ‘s going on?

Double-digit price appreciation is being fueled by a healthy Northern Colorado economy, low interest rates and local affordability. Greeley prices can look really attractive compared to Fort Collins.

We don’t see anything on the horizon that will significantly change the trajectory of the Greeley market. It is a fundamentally a very strong place to own real estate. Interested in market information? CLICK HERE for our quarterly report.

Posted on September 18, 2017 at 7:35 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 , , , ,