Uncategorized Mis-Led The most misleading stat about the housing market is increase in inventory. The number of properties for sale is up significantly compared to last year.  In most locations along the Front Range, inventory has doubled.This is obviously great news for buyers because they now have more choice.This is obviously meaningful for sellers because they now have […]
Uncategorized Remodeling Projects to Avoid When Selling Your Home by Sandy Dodge It’s common for homeowners to feel compelled to remodel their homes before they sell. Renovating the spaces in your home can increase its value and help you compete with comparable listings in your area. However, some remodeling projects are more beneficial than others as you prepare to sell your home. Always talk to your […]
Uncategorized Halfway Check   This is a market which is changing quickly.  We are studying the numbers every day so we can be clear about where the market is heading. Here is a check on the market halfway through October. Compared to last October… Available inventory is up 73% in Northern Colorado and up 112% in Metro Denver.  […]
Uncategorized Why You Should Consider Condos as Part of Your Home Search The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The […]
Uncategorized What Is an Adjustable-Rate Mortgage (ARM)? An integral part of the formula to successfully buying a home is securing the correct amount of financing. Once you’ve found the home you’d like to pursue, one of your primary tasks is exploring different loan products to see which best fits your situation. Eventually, you’ll come to a fork in the road where you’ll need […]
Uncategorized Price Peek Here is a peek at average residential prices along the Front Range through the first half of September and how they have changed versus one year ago: Larimer County = $663,000 up 11.6% Weld County = $511,000 up 4.5% Boulder County = $1,165,000 up 17% Metro Denver = $668,000 up 9%
Uncategorized Like 1993 Here’s a trivia question… The number of new, single-family homes completed in 2022 will most closely resemble which prior year? If you guessed 1993, you are correct. Yes, the number of homes built and completed this year is no more than the number from 30 years ago. In 2022, there will be just over 1 […]
Uncategorized What Gives?   “I thought the market was cooling off, so why are prices still going up?” This is a frequent question we hear from our clients. They are understandably confused by the fact that average prices have continued to rise at a rapid pace even though sales activity is slower than what it was 6 months […]
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Uncategorized Asking Price Drop Data just released by Altos Research shows that 35% of all homes on the market have had to reduce their asking price. This is the highest this number has been since December of 2019. This is also an indicator of sellers adjusting to the reality of the new market where overly aggressive pricing is not […]
Johnstown Real Estate Live Your Colorado Lifestyle Dreams 3914 Windwood Drive checks off all the boxes for anyone wanting the Colorado Lifestyle. Enjoy access to trails, frisbee golf course, playground, and a community pool and more. Also conveniently located near Boyd Lake State Park, Highland Meadows Golf Course and the brand new Riverview PreK-8 School. This home offers low maintenance living with easy […]
Uncategorized More Days A stat that we have expected to change is finally changing. “Days on Market” measures how long it takes for new listings to sell. Over the last two years this stat plummeted to levels we have never seen before. In the height of the market frenzy a year ago, properties were taking 7 days or […]
Uncategorized Still Behind Single family new housing starts in 2022 will show an increase versus last year, will be the most since 2007, and will still be well behind the peak of 2006. This year, experts predict that a total of 1.1 million single family homes will be started. In 2021 there were 970 thousand new home starts. The […]
Uncategorized Weeks to Months For the first time in almost two years, there is more than a month’s worth of inventory on the market. This means that at the current pace of sales, it would take more than a month to sell all of the homes currently for sale. This is certainly welcome news for buyers who have been […]
Johnstown Real Estate Amazing Views + Room to Grow Make this absolute gem yours! 406 Sycamore Avenue is perfect for a growing family. This sprawling ranch has a finished basement and boasts 6 beds and 3 baths. Backing up to acres and acres of farmland you will enjoy amazing views of Longs Peak and Mount Meeker in the lush backyard with fruit trees and […]
Drake Real Estate Custom-built Log Cabin with Mountain Views 207 Bobcat Drive is a beautiful custom-built log home in Drake! You can have it all with picturesque hiking trails and waterfalls only 15 minutes of walking distance away. An outdoor lover’s haven, with nearby rivers and streams for fishing, ATV trails and even a nearby reservoir. With striking mountain and tree views from all […]
Uncategorized What We Notice Here is what we notice about the market right now: Listings are receiving fewer offers compared to 60 days ago – instead of 10 offers, a listing might have 2. There are now several instances of a listing only having one offer. Sellers who were overly-aggressive with their list price have to quickly reduce in […]
Uncategorized Selling Your Home: Capital Gains Tax When you sell your home, you stand to receive an influx of cash. Though there are several costs associated with a home sale, you can likely still bank on the fact that you’ll be depositing a lump sum in the near future. But before you start planning how you’ll use the money or start looking for […]
Uncategorized Q1 2022 Colorado Real Estate Market Update by Matthew Gardner The following analysis of select counties of the 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 […]
Uncategorized Interest-ing The recent increase in mortgage rates has started some home buyers to look at programs that have fixed rates for 7 years or 10 years instead of 30 years. If a buyer believes it is likely they will move or even refinance within this timeframe, these types of programs can be a good option. The […]
Uncategorized Money at a Discount This week, for the first time in 32 months, mortgage rates hit 4%. While this increase may feel painful for buyers currently looking at property, it is important to put today’s rates in perspective. We believe we will look back a few years from now and see that a 4% rate was like buying money […]