About the areaFort Collins Real EstateInvestmentLoveland Real EstateReal Estate July 3, 2017

More Hotel Rooms in Northern Colorado!

Good news for Loveland and Northern Colorado as a whole. Stonebridge Cos is planning on developing another hotel at Centerra in Loveland. It will be a 101 room Courtyard by Marriott right off Sky Pond Drive at the 34 and I-25 interchange. As we draw more and more large conferences and become a tourist destination, this is delivering on a big need in our area. Another interesting stat about the Centerra area is that it is home to companies that employ over 7,000 people, so as those companies grow and draw in more business, hotels will be in even higher demand. All good news for Northern Colorado! If you have any questions about this development or anything else going on in Northern Colorado, feel free to drop me a line!

About the areaFort Collins Real EstateReal Estate June 26, 2017

New Big Commercial Project Coming To Old Town Fort Collins

While we see redevelopment of a lot of the buildings and areas in Old Town, one is already taking orders from tenants for space and it has not even broken ground yet! The Exchange will be a mixed use commercial development at the corner of Riverside and Walnut in Old Town Fort Collins, and will be built using old shipping containers (a more and more popular type of construction believe it or not!). It will deliver just over 30,000 square feet of office, retail, and restaurant space to the area.

If you have questions about this development or anything else going on in the Fort Collins or Loveland areas, feel free to give me a call!

About the areaBuyer TipsFort Collins Real EstateLoveland Real EstateReal EstateSeller TipsWellington Real EstateWindsor Real Estate June 4, 2017

Want To Know Why Deals Fall Apart??

Only 68% of homes that go on the market right now in Fort Collins sell? Interesting stat right? Check out the numbers for the rest of Northern Colorado below.

Now check out the video below to learn more about what deals fall apart, and what we do here at Windermere to make sure those things don’t happen.

 

Please feel free to give me a call with any questions, or if you are looking to buy or sell a home in Northern Colorado! Have a great week!

About the areaBuyer TipsInvestmentLoveland Real Estate May 26, 2017

Friday Fun Facts

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Loveland Focus

So how’s the Loveland market? Let’s look…

Loveland homes take only 46 days on average to sell. That’s really fast, just 5 years ago it took almost twice as long.

The 207 homes for sale equal a 5-week supply. Of all those homes for sale, only 7 are priced under $300,000.

The average price of a home in Loveland is $371,479. It was just two years ago that prices broke through the $300,000 barrier. It looks like Loveland average prices will hit the $400,000 mark in a year.

Loveland is a lovely place to own real estate!

Speaking of home values, we just released a video that answers the question “What is my home worth?” To watch the 4-minute video CLICK HERE

About the areaReal EstateSeller Tips May 25, 2017

What’s My Home Worth?

Here is a short video we put together to help sellers understand where pricing comes from…

About the areaReal EstateSeller Tips May 17, 2017

How Long Does It Take?

Interested in the timeline of selling your home, check it out below!

About the areaBuyer TipsInvestmentReal EstateSeller Tips May 15, 2017

The New Gardner Report!

The Gardner Report  | CO Q1 2017

The following analysis of the Metro Denver and Northern Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.

ECONOMIC OVERVIEW


Annual employment in Colorado grew by a respectable 2.3% in February, which equated to about 64,000 new jobs over the past 12 months. Within the metropolitan market areas included in this report, employment has been mixed, with Denver, Fort Collins, and Colorado Springs reporting above-average growth. However, Greeley and Grand Junction saw a modest decline in employment.

In February, the unemployment rate in Colorado was 2.9%, down from 3.3% a year ago. The lowest reported unemployment rates were in Fort Collins and Boulder, at just 2.6%. The highest rate was in Grand Junction, but it was still a respectable 4.7%.

HOME SALES


  • There were 11,640 home sales during the first quarter of 2017, an annual increase of 2.2%.
  • Arapahoe County saw sales grow at the fastest rate over the past 12 months, with a 7.9% increase. There were also impressive increases in Douglas County. There were very modest sales declines in the relatively small Larimer and Weld Counties.
  • Listing activity remains well below historic averages, with the total number of homes for sale in the first quarter 10.7% below that seen a year ago.
  • Home sales are generally higher than seen a year ago, but inventory levels are well below where they need to be to satisfy would-be buyers.
Annual Change in Home Sales

HOME PRICES


  • With demand remaining strong, home prices continue to escalate. In the first quarter of this year, average prices rose by 8% when compared to a year ago. Average home prices across the region broke the $400,000 barrier at $402,273.
  • Home prices remain well above historic highs and continue to trend upward. While there are very modest slowdowns in price growth—possibly a function of rising interest rates—they should continue to appreciate at above-average rates throughout 2017.
  • Appreciation was strongest in Arapahoe and Weld Counties, where prices rose by 12.2% and 10.1% respectively.
  • The housing market remains strong and this will continue until we see a substantial increase in the number of homes for sale, which is unlikely in the near-term.
Colorado Home Sales Heat Map
Annual Change in Home Sale Prices

DAYS ON MARKET


  • The average number of days it took to sell a home dropped by one day when compared to the first quarter of 2016.
  • Homes in a majority of the counties took less than a month to sell.
  • During the first quarter, it took an average of 30 days to sell a home. This is down by one day compared to the same time last year.
  • Demand remains very strong across the region, which is evident by the remarkably short amount of time that it takes to sell a home.
Average Days on Market

CONCLUSIONS


This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

In the first quarter of 2017, the needle remains well into seller’s territory. The recent increases in mortgage rates have not had any dampening effect on either demand or home prices, and I expect this will remain unchanged through the end of the year.

ABOUT MATTHEW GARDNER


Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has over 25 years of professional experience both in the U.S. and U.K.
About the areaInvestmentReal EstateSeller Tips April 24, 2017

How Much Equity Do I Really Have? FIND OUT!

Good morning everyone! The last couple of weeks we have talked about why it continues to be a Sellers market in Northern Colorado (see info below). If you are a Buyer though, remember there ARE opportunities out there!

But the question remains, “I’ve heard how great the market is, but how much money do I REALLY have in my home?” You’re in luck! I would love to show you exactly how much equity you have in your home with a complimentary real estate review. We will talk about the comparable sales in your neighborhood, why and how they affect your value, and how the market changes in general affect your specific home.

Call me, email me, or text me so we can setup a time to review the value of your home. You’ve got nothing to lose but potentially MANY THOUSANDS to gain!

About the areaBuyer TipsInvestmentReal EstateSeller Tips April 10, 2017

The Health Of The NoCo Market

I think by this point if you have been reading my blog, you are pretty well aware that we currently have a very fast moving and healthy real estate market here in Northern Colorado. While it’s all good and well to know this in your gut, let’s take a look at some stats that really prove that point.

If you look back over the last 30 years, the Fort Collins/Loveland appreciation levels have been negative only 6 of those years, 3 of which were during the worst recession of our lifetimes (unless you lived through the Great Depression!). Here are some other interesting statistics that show the health of our market:

  • Fort Collins/Loveland area is # 11 on the top 259 markets for home price appreciation in the country
  • Greeley is #12, Denver is #14, and Boulder is #15 of the top 259 markets
  • Colorado is # 2 (only behind Oregon) for 1 year home price appreciation IN THE COUNTRY! Florida, Washington, and Nevada round out that top 5 list

If you would like to know how all of this good news affects your home’s value or your ability to buy a new home, I would love to talk to you, so give me a call or shoot me an email!

About the areaInvestmentReal EstateSeller Tips April 3, 2017

Your New Property Tax Valuation…..WOW!

If you own a home in Larimer County, you are probably excited about the increase in equity over the last few years due to the appreciation level we have seen. If you are buying a home in Larimer County right now, don’t worry you aren’t left out in the cold, the prognosis for property values in the next 5 years is still good! But there is one fly in the ointment when it comes to appreciation, and those are your property taxes. The county assessor is re-assessing values, and most of these are going to be going up. The way that the Assessor looks at values is interesting, and if you would like help trying to fight your tax value and getting it lower, I can pull the specific information that is required to do that, and show you the steps. Give me a call or shoot me an email if you are interested and we can talk more about the details!