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New Home Starts
What’s Starting?
Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range.
- New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory
- Every product type saw an increase in starts compared to last year (single family, townhome and condominium)
- Condominiums saw the largest increase in starts by a long shot, up 112% over last year- this is excellent news for first time buyers and those looking for product in lower price ranges.
Any questions about this stuff? Give me a ring or shoot me an email and I can buy you a cup of coffee!
Friday Fun Facts – Appreciation
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Friday Fun Facts!
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The Latest Edition of THE SCOOP!
Check out the link below for interesting and helpful info on the Northern Colorado Real Estate Market!
Friday Fun Facts!
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New Old Town Listing!
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!
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!
New Downtown Loveland Hotel
There has been A LOT of development in the Loveland and Fort Collins areas in the way of accommodations in the last few years. The Elizabeth Hotel in Fort Collins being one of the most notable. But Loveland is keeping up with its Foundry development that is a public/private partnership to bring even more life to the Downtown Loveland area.
A new hotel is being added to the mix, and it will be a 102 room Towne Place Suites by Marriott, and it will be right downtown. There will be an indoor swimming pool, meeting space, and will be pet friendly. Now people will be able to look at Downtown Loveland as a destination, with shopping, restaurants and hotels all within walking distance of each other.
If you have any questions about this hotel or the Foundry development in Loveland, give me a call!
Friday Fun Facts!
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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!
