The 12 Facts of Real Estate

  • 1 is the ranking Colorado owns for long-term home price appreciation versus all other states
  • 2.6% unemployment rate in Colorado right now
  • 3.73% mortgage rate for a 30-year mortgage which is about half of the long term average
  • 4.7% apartment vacancy rate in Metro Denver, the lowest since 2015
  • 5.5% is the long-term average for yearly home price appreciation along the Front Range
  • 6,000,000 live in Colorado
  • 7,000 residential properties are for sale in Metro Denver right now and the average for this time of year is 14,700
  • 80,000 is the number of people that is added to our state’s population each year
  • 9 homes are for sale in Larimer and Weld County priced over $2,500,000
  • -10% is the decrease in new home construction in Larimer County compared to last year while Weld County grew by 17%
  • 11 times in the last 40 years home prices have gone up at least 8% along the Front Range
  • $1,202,488 is the average price for a single-family home in the City of Boulder

iStock-486672899.jpg

Posted on January 23, 2020 at 4:12 am
Brandon Bidwell | Category: Market Data | Tagged , , , , , , , , , , , ,

Good News for home buyers in NOCO!

Here are some vital signs for the Northern Colorado Real Estate Market. This data will show how statistics now compare to this time last year. 

First, Larimer County:

  • Average prices are up 2.4%
  • Number of transactions is down 2.5%
  • Inventory is up 11.9%
  • Days on market is up 4.1%

Now, Weld County:

  • Average prices are up 4.3%
  • Number of transactions is up 3.6%
  • Inventory is up 12.9%
  • Days on market is flat (same as last year)

What this means is prices are still going up, just not as fast as they were a couple of years ago.  More inventory is coming on the market which is great news for buyers.

 

Posted on December 18, 2019 at 3:03 am
Brandon Bidwell | Category: Buyers, Market Data | Tagged , , , , , , , , ,

Colorado’s New Home Value by County

Metrostudy, who in our opinion is the leader in new home research, recently did a study on the average price of a new home in each of the Front Range Counties.

Here are some interesting takeaways…

 

If you want to find the least expensive new home on the Front Range, the places to look are Weld County and El Paso County.

 

·         Weld County Average New Home Price  = $411,269

·         El Paso County Average New Home Price = $427,361

 

The most expensive place for a new home is in Boulder County (no surprise) at $698,208.

 

Jefferson County has the largest difference between the average price of a new home and the average price of a resale home:  $664,600 vs. $510,003.

 

Here’s the County by County breakdown of the average price of a new single-family home:

·         Boulder = $698,208

·         Jefferson = $664,600

·         Douglas = $624,315

·         Broomfield = $612,779

·         Denver = $581,480

·         Arapahoe = $545,943

·         Larimer = $507,105

·         Adams = $480,464

·         El Paso = $427,361

·         Weld = $411,269

If you have questions about real estate in Northern Colorado I’m here to help!

Posted on December 6, 2019 at 5:59 pm
Brandon Bidwell | Category: Buyers | Tagged , , , , , , , , , ,

New Homes in Larimer vs Weld

Two Tales

 

This is a Tale of Two Counties.

When it comes to new home activity, there is a big difference between Larimer and Weld Counties.

Larimer County’s new home starts are down 10% and new home closings are down 15% compared to last year.

Weld County’s new home starts are up 18% and new home closings are up 8% compared to last year.

This is all according to the new home research experts and Metrostudy.

So why the difference?  It comes down to price and availability.

There is more land available for new home development in Weld County.

Plus, the land tends to be less-expensive than Larimer which means that builders can deliver a lower-priced product and reach a larger pool of buyers.

The average price of a new home in Larimer County is $507,105 while the average new home price in Weld is $411,269.

 

If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.

Posted on November 16, 2019 at 4:13 am
Brandon Bidwell | Category: Market Data | Tagged , , , , , , , ,

How Much?

So how much real estate is sold in Northern Colorado?

As it turns out, a lot!

Last month alone there were 1,099 single family homes that sold in Larimer and Weld Counties

The average price was $429,144 which means the total sales volume for one month was $471,629,129 (almost a half a billion)!

Over the last 12 months, just over $4.5 billion worth of single-family homes have sold.

That’s a lot of real estate!

Posted on September 20, 2019 at 11:47 am
Brandon Bidwell | Category: Fort Collins Realtor, Market Data | Tagged , , , , , , , , , ,