Stat of the Month

We just completed a review of the September numbers in our market.

Here is the one number that is standing out to us- average price.

Prices are way up over last year.  Here are the specific average price increases in each of our markets compared to September 2019:

Metro Denver = 13.2%

Larimer County = 16.9%

Weld County = 7.4%

This change in prices has of course generated questions from our clients.

To help our clients answer questions about prices and other real estate topics, we have set up a private online event with our Chief Economist Matthew Gardner.

The event is set for Tuesday from 9:00 to 10:00.

Simply reach out to any Windermere broker to receive your registration link.

Matthew will be addressing these questions as well as many others:

What effect will the election have on the economy and on real estate?

How long can interest rates stay this low?

Can prices keep appreciating at their current pace?

This online event is for the clients and friends of Windermere.  If you would like to register, please connect with your Windermere broker.

Posted on October 2, 2020 at 12:59 pm
Paul Hunter | Category: About the area, Buyer Tips, Friday Fun Facts, Homes for Sale, Real Estate | Tagged , , , , ,

Multi-Unit Property!!!

Have you been waiting for a multifamily opportunity? Well here is one close to CSU, a zero vacancy history, and numbers that make this a unique investment in west Fort Collins. 1113 – 1115 Cypress Dr, is a duplex that features a newer roof, updates in both units, and a location that can’t be beat. Gross rents of $2895 (plus chargebacks for utilities) deliver a cap rate of just above 6% based on real maintenance and upkeep costs. Remodeled bathroom in one unit, as well as some new flooring, this property has been well maintained and is ready for your investment portfolio! Call for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/114194371

Posted on September 15, 2020 at 4:41 pm
Paul Hunter | Category: Blog, Fort Collins Real Estate, Virtual Tours | Tagged , , , , , , , ,

Dream Investment Property in Fort Collins!

Central Fort Collins for a great price! Well maintained home in Warren Farm, this is NOT one that backs to Horsetooth. Currently leased for $1750 per month through July of 2021, so it’s a great plug and play investment property. Call for your private showing at (970) 673-7285  for more information or click the link below for more details.

CLICK HERE FOR MORE DETAILS

house

Posted on August 20, 2020 at 9:49 pm
Paul Hunter | Category: Blog, Fort Collins Real Estate, Virtual Tours | Tagged , , , , , , ,

Housing Math

It’s interesting to look at what population growth means for housing.

On average, along the Front Range, 2.5 people live in each housing unit.

What that means is 4 housing units are needed for every 10 people who live here.

So, for every 1000 new people moving to our area, 400 new housing units are required.

The population of Metro Denver is just under 3,000,000 and the population of Northern Colorado is just over 650,000.

Assuming the Front Range grows in population at 2% per year, that means 60,000 new people in Metro Denver and 13,000 new people in Northern Colorado each year.

To house those people, 24,000 new housing units need to be built per year in Metro Denver and 5,200 in Northern Colorado.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

Posted on July 17, 2020 at 9:30 am
Paul Hunter | Category: About the area, Blog, Friday Fun Facts, Investment, Real Estate | Tagged , , , ,

Prices Still Up

It seems that COVID-19 did not cause prices to decrease and certainly didn’t cause them to crash.

Average prices are up compared to last year:
2.8% in Larimer County
5.4% in Weld County
3.3% in Metro Denver

Low supply, sustained demand, and incredibly low interest rates are all fueling the price growth.
At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously. Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

Posted on June 5, 2020 at 2:34 pm
Paul Hunter | Category: Buyer Tips, Friday Fun Facts, Homes for Sale, Investment, Seller Tips | Tagged , , , , ,

On Sale

On Sale

Money is on sale (again).

30-year mortgage rates now sit at 3.3%.

This is less than half of the long-term, 40-year average.

This is also almost a full percentage point lower than they were one year ago (which was still very low).

Let’s put this in real numbers.

A $300,000 loan at today’s rates has a $1,313 monthly principal and interest payment.

One year ago, that same loan would be $1,432 per month.

That’s a 8.3% difference in monthly payment.

The fact that money is on sale is one of many reasons that the housing market remains very strong right now.
At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously. Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

Posted on May 29, 2020 at 1:16 pm
Paul Hunter | Category: Buyer Tips, Friday Fun Facts, Homes for Sale, Real Estate, Seller Tips | Tagged , , , , ,

Health Crisis not Housing Crisis

Here is the latest video from our Chief Economist Matthew Gardner.

It’s full of great nuggets about what is happening in the economy and the real estate market today.  Just Click the image below to play the video.

Posted on April 3, 2020 at 3:08 pm
Paul Hunter | Category: Buyer Tips, Friday Fun Facts, Homes for Sale, Seller Tips, Uncategorized | Tagged , , ,

Quality Investment Property in Fort Collins!

Opportunities like this in Fort Collins are rare! 4 units each with attached two car garages, fireplaces, decks, and extensive upgrades. Just some of the updates include a new roof, updated kitchens and bathrooms, new decks, new blinds, new furnaces and water heaters in all units, new sliding doors, and Unit B has a recently finished basement. Close proximity to I-25, CSU, and Old Town make this property INCREDIBLY attractive to renters, quality investment property. Call for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/100363491

 

Posted on September 18, 2019 at 7:46 pm
Paul Hunter | Category: Fort Collins Real Estate | Tagged , , , , , , , , , , , , , , , ,

Great Cul-de-sac Income Property in Fort Collins!

Great for investor as it is leased through July of 2020! 1432 Edgewood Court is in proximity to campus and parks have kept this property rented consistently. Cul-de-sac location for less traffic. Close to bus lines, and easy access to the west side of Fort Collins and CSUCall for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/97654711

Posted on July 11, 2019 at 2:55 pm
Paul Hunter | Category: Uncategorized | Tagged , , , , , ,

Fort Collins – As Stable As It Gets!

We have been saying it for years, and so have the experts! Real Estate in Fort Collins is a stable investment that does not suffer from a bubble environment (think Vegas and Miami). The combination of a stable employment base (high tech, Colorado State University, service industry and the HUGE beer industry), increasing population growth, and limited new home building opportunities all lead us to a great place to invest in real estate. Whether it is for your own home or rental properties, we have seen a steady increase in rents and in values over the last 10 years. Check out the link to the Realtor.com article below that talks about how Fort Collins is the #1 stable market in the country!

Realtor.com Article On Fort Collins

If you have any questions about real estate or investing in our Northern Colorado market, please give me a call or shoot me an email. I look forward to hearing from you!

Posted on July 10, 2017 at 1:17 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Real Estate, Seller Tips | Tagged , , ,