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 , , , , , ,

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 , , , , ,

The New Elizabeth Hotel

This weekend I was able to check out the new Elizabeth Hotel in Fort Collins for dinner, and it is great! The Emporium, the restaurant in the hotel, while pricey was totally worth it for the quality and quantity of food. It has a very upscale vibe, and the hotel bar, lobby, and restaurant were PACKED on Saturday night. This is clearly the hot new destination in town. I had some friends stay there over the weekend, and the surprising thing was the price was only about $170 per night!

The Elizabeth is a pet friendly hotel, and was developed with McWhinney and Sage Hospitality. It even features something called the Beer and Bike Suite with its now beer tap, beer refrigerator fully stocked, and bikes for the guests to use. I highly recommend checking it out!

Posted on January 29, 2018 at 2:38 pm
Paul Hunter | Category: About the area, Dogs, Fort Collins Real Estate, 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 , , , , , , , ,

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 , , , , , , ,

Get Real

A story ran last week which highlighted the number of people who have moved out of Colorado.

Let’s get real, there are still a large number of people moving to Colorado.

In fact, 223,000 moved to Colorado from another state last year according to the latest American Community Survey from the U.S. Census Bureau.

The net migration into our state (after subtracting out people who left) was 30,859 people.

In Northern Colorado the net migration looks like this:

  • Larimer County = 7,001 people
  • Weld County = 7,117 people

So what does that mean for housing? Knowing that, on average, 2.5 people live in each household, the number of new housing units required for these new residents looks like this:

  • Larimer County = 2,800 new housing units
  • Weld County = 2,847 new housing units

Any questions about this information, give me a call!

Posted on December 11, 2017 at 2:15 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 , , , , , ,

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 , , , , ,

Homecoming Win!

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Homecoming

It was homecoming weekend at CSU which means that alums from all over the Country were back to visit Northern Colorado.

So how does their real estate market stack up versus the place where they went to college?

Odds are, it’s not as good!

It turns out that there are only 9 metropolitan areas out of about 270 that have higher appreciation than Larimer County.

Interestingly, 3 of the 9 are in Washington and 2 of the 9 are in Oregon. So if they are visiting from the Pacific Northwest they probably have an even stronger market than here.

But pretty much everywhere else is below our market.

This is all according to the Federal Housing Finance Authority who tracks the nation’s real estate markets. They show that Larimer County has appreciated 12.08% in the last year which ranks 9th in the nation.

First place belongs to Mount Vernon, Washington at 15.14%. Last place is Atlantic City, N.J. which had a decrease of 0.77%.

CSU’s comeback in their homecoming game was amazing, and cheers to a healthy real estate market!

 

 

Posted on October 16, 2017 at 2:07 am
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Real Estate, Seller Tips | Tagged , , , , ,