Friday Fun Facts – Appreciation

Posted on September 21, 2018 at 1:54 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 , , , , , , ,

Fort Collins Real Estate: Dual Markets

You may hear how the market is still blazing fast and homes are selling in just days, and you may hear that the market is slowing down and it is becoming more normalized. Here’s the truth……both of those statements are true! We essentially have a tale of two markets in Fort Collins, the one under $500,000 and the one over $500,000. Check out the graph below to see how quickly homes are selling in the market UNDER $500,000.

Under $500k

Now check out what the average days on market over $500,000 in Fort Collins looks like, quite the difference!

Over $500k

This is NOT terrible news for the over $500,000 market by the way. Now more than ever it is important to stand out from the crowd if you have a more expensive home, and our Windermere Premier Certified Listing program can help you feel like you are still in the super hot market of this past spring.

If you ever have any questions for me, please don’t hesitate to give me a ring or shoot me an email. Have a great week!

Posted on September 10, 2018 at 2:03 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Homes for Sale, Investment, Real Estate, Seller Tips | Tagged , , , , , , ,

Friday Fun Facts

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Is There A Bubble?

Economists say there are three reasons why we aren’t in a housing bubble today.

The first reason they mention is the amount of new home construction compared to the 2006 housing bubble.

Today, along the Front Range, new home starts are down 38% compared to 2006. This is despite a much higher population than 12 years ago.

A major factor that caused the bubble was the glut of new construction inventory which doesn’t exist today.

Metrostudy, a leading new home research firm, says that Front Range builders need to have built 30,000 more new homes over the last 5 years to keep up with demand.

To see the whole story about our market along with other stats and trends, watch the recording of Tuesday’s Windermere Workshop right here.

If you want to be totally clear on all the stats, facts and trends in Colorado real estate so that you know what the future value of your home looks like, watch this video.

This is a complimentary service for our clients and friends.

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See all the latest facts, stats and trends of the Colorado market from the comfort of your own laptop.

Watch the Windermere Workshop video for a mid-year market update.

Posted on July 20, 2018 at 3:03 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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Double Up

Fort Collins, over the last 12 months, has seen sales of homes priced $1,000,000 and over almost double.

There have been 47 sales of these luxury properties during the last year compared to 24 sales the year before that.

The current pace of roughly 4 of these properties selling per month is both unprecedented and very different compared to the other Northern Colorado markets.

Loveland, Greeley and Windsor have only seen very slight increases in sales of homes priced over $1,000,000.

So where are these homes selling in Fort Collins? These are the top neighborhoods for luxury sales:

  1. Fossil Lake Ranch
  2. Old Town
  3. The Hill at Cobb Lake
  4. Linden Lake
Posted on June 15, 2018 at 2:40 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Real Estate, Seller Tips | Tagged , , , , , ,

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 , , , , , ,

New Old Town Listing!

LINK TO HOME INFO

I just listed this great 3 bedroom Old Town home on Laporte Avenue for $350,000. It is currently rented through July of 2019, and has a big lot with alley parking. A living room fireplace, wood floors, and beautiful backyard entertaining space make this one attractive home! Interested in taking a look? Give me a call!

Posted on March 19, 2018 at 1:15 pm
Paul Hunter | Category: About the area, Fort Collins Real Estate, Investment, 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 , , , , , , ,

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 , , , , , , , ,