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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 […]
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 […]
Uncategorized Steady Stream 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 […]
Uncategorized What is a Listing Agent? What is a Listing Agent? Generally, a real estate transaction involves a listing agent representing the seller and a buyer’s agent representing the buyer. Listing agents will conduct a Comparative Market Analysis (CMA)—which uses recent housing market data to compare the seller’s home to other listings in their area—to accurately price the property. The agent will list the […]
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Uncategorized The Fire’s Impact Our heart goes out to all of the people impacted by the Marshall Fire in Boulder County. If you would like to give your support, we have set up a special fund through the Windermere Foundation where we will match any donation you make up to $5000. You can make that donation HERE. This devastating event […]
Uncategorized Equity Snapshot CoreLogic just released their quarterly Home Equity Insights Report. Their analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of over $3.2 trillion since the third quarter of 2020, an increase of 31.1% year over year. In the third quarter of 2021, the total number […]
Uncategorized Price Matters Almost twice as many sellers now have to drop their list price before a sale compared to July. In October, 19% of all sales were forced to drop the list price before receiving an offer.  In July it was 10%. These properties that start out priced too high end up taking four times as long […]
Uncategorized Record Increase Home builders have experienced their largest-ever increase in building costs so far in 2021. This is according to the latest Producer Price Index report. Year to date, building costs are up 14.5%.  This amount tops the previous record of 7.1% which occurred in 2008. Specific materials which have seen significant increases include lumber, drywall and […]
Uncategorized Zillow’s Shut Down On Wednesday Zillow announced the shut down of its iBuying program because of mounting financial losses and increasing complexity in the real estate market. The goal of this program was to buy properties directly from Sellers and then re-sell them for a profit. Before looking at the interesting facts and numbers associated with this news, […]
Uncategorized Seller Facts 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 […]
Uncategorized In Perspective 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 […]
Uncategorized No Inventory? One misconception about today’s market is that there is ‘no inventory.’ Actually, there are numerous new listings that hit the market each month. It just so happens that they tend to sell quickly. The numbers show the number of new listings that came on the market in September closely equate to the number of sales […]
Uncategorized Tracking Change Tracking Change by Fort Collins The market is changing. The change is slight, not drastic. Both potential sellers and potential buyers need to know that the pace of the market has slowed since the Spring. Here is one way we track this change… A review of the August numbers shows the pace of sales in […]
Uncategorized A List Not Made A List Not Made by Fort Collins Us Coloradoans are used to making many top-10 lists. Whether it be best place to live, best place to retire, best place to raise a family, or best place to own real estate, you can usually find a Colorado town or two on these types of lists. But, […]
Uncategorized High Average If you watch the weekly statistics that we produce and post on social media, a number that might be jumping off the screen at you is the average price. Specifically, it is the percentage increase in average price versus last year that is striking. We are commonly asked ‘how could average prices increase 20% to […]
Uncategorized Colorado Ranking Colorado Ranking by Fort Collins Here’s the latest from one of our favorite data sources – the Federal Housing Finance Authority (FHFA). They track home prices across the Country and produce a quarterly Home Price Index report. It is not uncommon to find Colorado near the top of the list for year over year price […]