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 […]
Blog Loveland Charmer! 2433 Gill Court, Loveland is a nicely updated, move-in-ready home on a cul-de-sac. Located near Lake Loveland, The Olde Course, Mehaffey Park and the Foothills, this property is near everything you may need! Every room is well equipped with Cat 6 wiring for your work and study. Plenty of granite countertop space in the kitchen. […]
Economic Different Era, Different Market Recently it seems there are many attempted comparisons being made between today’s real estate market and the 2006-2007 market. It seems that people fear a repeat of what happened to the market in 2008 and 2009. Buyers, understandably, want to make smart decisions and don’t want to buy in advance of any downturn. The reality is […]
Economic The Future of Work? This week we had the opportunity to hear a presentation by Ed McMahon who is the Senior Fellow for Sustainable Development at the Urban Land Institute. He is a leading expert on the future of housing and development in the United States. He sees that Colorado is positioned to massively benefit from the work from […]
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 […]
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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 […]
Economic Homebuilder Headaches The National Association of Home Builders recently surveyed their members to ask them about the challenges they currently face and the challenges they expect to face. Far and away, the biggest headache for homebuilders right now is the rising cost of building materials. 96% of the survey respondents cited this as a significant problem they […]
Market Data How fast are houses selling? In the residential real estate industry, inventory is typically measured in months. For example, the definition of a “sellers’ market” is when there is less than 4 months of inventory on the market.  Meaning, at the current pace of sales, it would take less than four months to sell all the homes currently for sale. […]
Economic How Lumber is affecting our Housing Market The price of lumber has doubled in three months. Lumber is just one of several examples of skyrocketing materials costs which are impacting both home builders and home buyers. The cost of lumber is now at a record-level $1000 per 1000 board feet. These rising costs not only add to the sales price of a […]
Market Data Questions we get about market activity right now! Do you think more properties will come on the market this Spring?  Yes, the normal pattern in our market is for new listings to be 40% to 70% higher in April versus January.  The peak month for new listings is typically June. Do you think buyer demand will grow even more as time goes on?  Yes, […]
Market Data Troutman Park 2020 Real Estate Year in Review All the data from 2020 is in and it’s time to look back and see how Troutman Park’s Real Estate Market has performed compared to other recent years. Back in March last year many felt like property values would decline like many other investments did through all the Covid-19 adjustments. If you own a home […]
Economic Latest Appreciation Ratings CoreLogic produces one of the most respected and widely-used home price index reports in the United States. They track home price appreciation in the largest markets across the Country. Here are the highlights from their most recent report: Home prices are up 9.2% Nationally This is the highest increase since February, 2014 Denver ranks fourth […]
Market Data Employment recovery fuels NoCo Real Estate Market “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most people expected.  When COVID first showed […]
Market Data Q4 2020 Colorado Real Estate Market Update 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 agent. […]
Market Data Economists Prediction on Interest Rates Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They are currently at […]
Economic Economists Prediction on Interest Rates Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  They are currently at […]