Homes for Sale

About the area A Little Perspective A Little Perspective Here’s a little perspective on the inventory of homes for sale in today’s market… First we’ll look at Metro Denver: • The average number of residential listings for sale at this time of year is 15,577 • The highest-ever for this time of year is 29,722 which occurred in 2006 • The […]
Blog Million Plussing The luxury market is very active right now.  Buyers in the high-end are taking advantage of low interest rates and the equity they have built in their prior homes. Closings of million-plus single family homes are up significantly along the  Front Range. When compared to this same time last year, sales of properties in this […]
About the area Re Bubble The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This questions seems to crop up when prices go up. While we do not believe that the current double-digit price […]
About the area 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 = […]
Fort Collins Real Estate 6 Million The National real estate market just hit a massive milestone. Based on the numbers through August, we are now on pace to sell 6 million homes.  This is the highest pace we have seen in 14 years. The 6 million threshold is a big deal in the real estate brokerage world. Each month, as they […]
Friday Fun Facts Price Report The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states. Some significant findings from the report: House prices have risen for 36 consecutive quarters, or since September 2011. House prices rose in all 50 […]
Buyer Tips At Least List Periodically we track a stat which we find to be quite interesting. It answers this question – how many properties are selling for at least list price (asking price or higher)? This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a […]
About the area Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S. Their most recent quarterly report was just released this week. Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets. It is interesting to see how […]
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About the area Spring in Summer This year the Spring market is occurring in the Summer. Typically the busiest months for real estate along the Front Range are April, May and June. This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer. Here’s an indicator.  Sales through July 2020 versus July 2019 are […]
Buyer Tips Buyer Contemplation New research from the National Association of Home Builders: The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report. At this time last year, 12% of Americans considered buying a home. Today the number stands at 11%. […]
About the area Caught Up We’ve been waiting for June to catch up. It finally happened (almost). Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year. Bottom line, fewer properties going under contract in […]
About the area Rate Meaning Mortgage interest rates have hit another record low this week. Mortgage applications for purchases just hit an 11-year high. Rates are at a level that many people could never have imagined. Here’s something that is surprising to many people… Rates are 1.5% lower than they were just two years ago. Here’s what that means for […]
Buyer Tips Tight Inventory The numbers that we find to be most interesting right now are all related to inventory. Long story short, inventory is tight. It was already tight pre-coronavirus and now it’s even tighter. Here are the numbers. Active properties for sale versus one year ago are down: 11% in Larimer County 20% in Weld County 26% […]
Buyer Tips 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 […]
Buyer Tips 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 […]
Buyer Tips Faster   Here’s something true about today’s market. Properties are selling fast. Compared to one year ago, the number of days it takes for a property to sell is significantly lower. The industry term is “Days on Market” or DOM. DOM is way down. Here is the comparison of May 2020 versus May 2019: • Metro […]
Buyer Tips Pent Up Demand We notice a very interesting dynamic in the market right now. There was clearly a pent-up real estate demand created during the recent time when in-person showings were not allowed. The numbers back it up. First, a little background. During a portion of “Shelter in Place,” all in-person viewing of properties ceased. Instead, buyers spent […]
Buyer Tips What the Numbers Say April represents the first time we can look at the impact of COVID-19 on a full month of real estate activity. To no one’s surprise, activity in April in terms of closings and new contracts did slow significantly. Much of this slowing was caused by in person showings not being allowed for most of the […]
Buyer Tips Another Meltdown? This week our Chief Economist took a deep dive into the numbers to examine the current health crisis versus the housing crisis of 2008. The reason why? People wonder if we are going to have another housing meltdown nationally and going to see foreclosures and short sales dramatically increase. It turns out that the numbers […]
Friday Fun Facts Why No Crash This week we hosted our clients and friends for a special online event with our Chief Economist Matthew Gardner. Matthew talked about a variety of topics that are on people’s mind right now including home values. Matthew sees no evidence that home values will crash and actually sees signs that they may rise this year […]