Market Data

Market Data Cost of Increasing Rent Records continue to be broken in real estate, including the rental market. Rents just rose another $2 per month to $1,594, a new record. The annual rent growth of 13.5% nationally in 2021 was more than double any previous year, and apartment absorption counted nearly 600,000 units, which is roughly 50 percent more than the […]
Market Data Current Inventory Status Despite the extraordinarily low amount of standing inventory, it is important to understand there is still a steady stream of new inventory hitting the market. Inventory is low. That is a reality. New inventory is coming on the market at essentially the same pace as compared to the last few years. That is also a […]
Market Data How low is Inventory? The standing inventory of residential properties currently for sale is staggeringly low. The number of active properties for sale is almost 90% below the average for this time of year. In Metro Denver, there are 1,144 residential properties for sale today. In Larimer County, there are 136 and in Weld County there are 174. Current […]
Market Data Average Home Price Increase It’s true, average prices have increased substantially over the last year. Would you have guessed that Weld County has seen the largest increase along the Front Range? The specific numbers are below. As you look at the numbers, it is important to remember that average prices have increased because of appreciation and because there are […]
Market Data Home Seller Stats Here are some fun facts about recent home sellers. This research comes from the National Association of Realtors survey of home buyers and sellers: 10 years = the average time recent home sellers have lived in their home. This number has remained essentially unchanged for the last ten years. From 1987 to 2007 the average […]
Economic Perspectives on Real Estate Prices Let’s put today’s home prices in perspective. Appreciation has been significant over the last 18 months.  Some people are wondering if it can last and if there might be a housing bubble. There are two ways to look at prices.  One way is in absolute terms.  This is simply looking at the dollar amount a […]
Market Data Is Housing Inventory Increasing? A review of the September market stats shows a slight increase in inventory along the Front Range. The way we currently measure inventory is in days. Meaning, at the current pace of sales, how many days would it take to sell all of the inventory currently for sale. The results, based on September’s activity, shows […]
Market Data Staggering Stat By definition, a real estate market is balanced when there is 4 to 6 months of inventory currently for sale. Anything less than 4 to 6 months means a Sellers’ market, anything more means a Buyers’ market. For example, if there are 1,000 closings per month in a market, the market would be balanced if […]
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Market Data $100k, $90k & $60k As I’m sure you’ve probably noticed, housing prices have gone up quite a bit along Colorado’s Front Range. Low interest rates, strong demand, lower supply, and a healthy local economy are all contributing to increased prices. It may interest you to see exactly how much prices have increased since one year ago in the markets […]
Market Data How Popular is Colorado? Here’s an interesting stat based on the most recent U.S. Census. (although you probably won’t be surprised to hear this) Since 1990, Colorado’s rate of population growth is double the Nation’s rate of population growth. Here are the numbers since 1990: 30.3% growth in the U.S. 62.3% growth in Colorado So, the Nation grows at […]
Market Data Troutman Park’s Real Estate Update Q2     Now that we’re half way through 2021 we have all heard of what has been going on with Northern Colorado’s Real Estate Market. The fact of the matter is that Northern Colorado consists of many different hyper-local markets though. So with that in mind let’s take a look at how our very own […]
Market Data Local Nuances in Real Estate “All markets are local” is a commonly used phrase in real estate. This adage is proving to be true as we notice slight changes recently in the market. Bottom line, the market, in some locations, is not behaving exactly like it did even 30 days ago. Properties that perhaps would have received 10 or more […]
Market Data More Inventory for Homebuyers! We are noticing a trend that is very good news for buyers. Inventory has been increasing over the last month which means that buyers now have more properties to consider. Just in the last week, the number of homes for sale has increased: 13% in Larimer County 12% in Weld County 11% in Metro Denver […]
Market Data Is there really “No Inventory”? A common phrase that is being used right now to describe the market is ‘no inventory.’ ‘There’s no inventory’ is said frequently among those inside and outside of the real estate industry. The problem with this phrase is that it is untrue. There is inventory.  Meaning, there are a significant number of new listings hitting […]
Market Data Calculating Risk with Home Values The economic research blog called “Calculated Risk” just completed a fascinating study on home prices. Specifically, they looked at the correlation between home price growth and inventory. They used price data from the Case-Shiller Home Price Index and inventory data from the National Association of Realtors. No surprise, they found that the lower the inventory […]
Market Data Q1 Northern Colorado Gardner Report The following analysis of the Metro Denver & 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 your Windermere Real […]
Market Data Troutman Park 1st Qtr Real Estate Review We’ve got a quarter of the year now to give us an idea of what Northern Colorado’s Real Estate Market has in store for 2021. Many were surprised to see how well Real Estate in our area weathered all the storms that last year threw at all of us. I think it’s fair to say […]
Market Data Appreciation Rates along the Front Range While our temperatures felt like record lows this week, real estate prices have been hitting record highs along the Front Range.   Here is the average price for residential sales so far this year in each of our Front Range markets (includes both single-family and multi-family):   Fort Collins = $567,000 Loveland = $449,000 Windsor […]
Market Data The percentage of homes selling at or above list price What percent of properties are selling for list price or more!?! Take a guess.  Of the properties that have sold so far in April, how many of them sold for at least list price? Meaning, how many of them had a final sales price that was equal to or above the asking price? The answer… […]
Market Data Interest Rate Predicition!?! Windermere’s Chief Economist, Matthew Gardner has made his new mortgage interest rate prediction for 2021.   You can see his breakdown of interest rates and other economic factors by clicking on the image below and watching his newest video.   By the end of the year he predicts rates will rise to 3.63%.  By the […]