Page not found – Colorado's Most Trusted Real Estate Agents https://windermerecolorado.com Colorado's Most Trusted Real Estate Agents Fri, 09 Sep 2022 14:02:33 +0000 en-US hourly 1 Best Places https://windermerecolorado.com/2022/09/09/best-places https://windermerecolorado.com/2022/09/09/best-places#respond Fri, 09 Sep 2022 14:02:33 +0000 https://windermerecolorado.com/?p=2955 U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list. They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market. Here are the top 5: 1.  Huntsville, AL 2.  Colorado Springs, […]

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U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list.

They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market.

Here are the top 5:

1.  Huntsville, AL

2.  Colorado Springs, CO

3.  Green Bay, WI

4.  Boulder, CO

5.  San Jose, CA

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New Rankings https://windermerecolorado.com/2022/09/02/new-rankings https://windermerecolorado.com/2022/09/02/new-rankings#respond Fri, 02 Sep 2022 14:42:41 +0000 https://windermerecolorado.com/?p=2949 The latest Home Price Index report has just been released by the Federal Housing Finance Authority. They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation. Here is the ranking of the top three states for price growth over the last twelve months: 1.  Florida = 29% […]

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The latest Home Price Index report has just been released by the Federal Housing Finance Authority.

They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation.

Here is the ranking of the top three states for price growth over the last twelve months:

1.  Florida = 29%

2.  Arizona = 26%

3.  North Carolina = 25%

The bottom three states are:

50.  North Dakota = 10%

49.  Louisiana = 11%

48.  Minnesotta = 11%

Colorado came in at #19 with 18% price growth over the last 12 months.

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Like 1993 https://windermerecolorado.com/2022/08/26/like-1993 https://windermerecolorado.com/2022/08/26/like-1993#respond Fri, 26 Aug 2022 15:53:33 +0000 https://windermerecolorado.com/?p=2943 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 […]

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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 million single family homes constructed in the U.S. which is the same as 1993.

This is much more than the bottom of construction in 2011 which saw just under 500,000 new homes built.

But it is also much less than the top of 2006 which had almost 1.7 million.

Limited new home construction today is preventing anything close to a glut of inventory on the market which, in turn, insulates us from any sort of major price correction.

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Under 100 https://windermerecolorado.com/2022/08/19/under-100 https://windermerecolorado.com/2022/08/19/under-100#respond Fri, 19 Aug 2022 16:40:06 +0000 https://windermerecolorado.com/?p=2937 For the first time in a long time, the sale to list price ratio is below 100%. This statistic measures the final sales price versus the listing price. During the super-active market of the last 24 months, this number averaged over 100%. This was a result of multiple offers and bidding wars which caused buyers […]

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For the first time in a long time, the sale to list price ratio is below 100%.

This statistic measures the final sales price versus the listing price.

During the super-active market of the last 24 months, this number averaged over 100%.

This was a result of multiple offers and bidding wars which caused buyers to offer more than list price.

Now, the sale to list price ratio has dropped to below 100% as a result of a more balanced market.

These are the specific numbers in each of our markets:

Larimer County = 98%

Weld County = 99%

Metro Denver = 97%

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The “R” Word https://windermerecolorado.com/2022/08/05/the-r-word https://windermerecolorado.com/2022/08/05/the-r-word#respond Fri, 05 Aug 2022 14:30:20 +0000 https://windermerecolorado.com/?p=2929 Our clients wonder what a recession would mean for the real estate market. Many assume it would translate into a downturn in prices. Some even worry that it would cause values to come crashing down. We looked back in history, at past recessions, to gain an understanding of what recessions mean for the Front Range market. […]

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Our clients wonder what a recession would mean for the real estate market.

Many assume it would translate into a downturn in prices.

Some even worry that it would cause values to come crashing down.

We looked back in history, at past recessions, to gain an understanding of what recessions mean for the Front Range market.

We used the extensive data from the Federal Housing Finance Authority to look at home price appreciation during the five recessions dating back to 1981.

What we found was quite interesting.

During the five recessions of 1981, 1990, 2001, 2008 and 2020, home prices along the Front Range went up in all but the 2008 recession.

What was unique about 2008 was that housing led the recession.  Whereas the other recessions were triggered by some combination of inflation, oil prices, and stock market issues (plus the pandemic in 2020).

So, if the past is an indicator of the future, a recession is not guaranteed to result in lower real estate prices.

The Front Range real estate market has always demonstrated long-term health and a great resiliency to outside economic events.

See the chart below for the detailed research…

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Asking Price Drop https://windermerecolorado.com/2022/07/29/asking-price-drop https://windermerecolorado.com/2022/07/29/asking-price-drop#respond Fri, 29 Jul 2022 14:14:52 +0000 https://windermerecolorado.com/?p=2921 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 […]

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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 effective.

Extensive research shows the importance of pricing a home correctly on the first day so that the home sells in an appropriate time frame.

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Two Week Snapshot https://windermerecolorado.com/2022/07/15/two-week-snapshot https://windermerecolorado.com/2022/07/15/two-week-snapshot#respond Fri, 15 Jul 2022 16:09:12 +0000 https://windermerecolorado.com/?p=2915 Here is a quick snapshot of our markets two weeks into July versus the same time last year… Larimer & Weld Counties: Inventory up 61% Transaction count down 44% Prices up 17% Metro Denver: Inventory up 62% Transaction count down 31% Prices up 12%

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Here is a quick snapshot of our markets two weeks into July versus the same time last year…

Larimer & Weld Counties:

  • Inventory up 61%
  • Transaction count down 44%
  • Prices up 17%

Metro Denver:

  • Inventory up 62%
  • Transaction count down 31%
  • Prices up 12%

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Still Behind https://windermerecolorado.com/2022/06/24/still-behind https://windermerecolorado.com/2022/06/24/still-behind#respond Fri, 24 Jun 2022 14:13:54 +0000 https://windermerecolorado.com/?p=2909 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 […]

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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 peak occurred in 2006, when 1.65 new homes were started.

So, this year will finish 33% behind the peak.

When we are asked why today’s market is different from the ‘bubble years’ of 2004 to 2007, the difference in new home starts is one reason we cite.

Even though the market is cooling, we remain significantly undersupplied which insulates prices from any kind of dramatic downturn.

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What the Numbers Say https://windermerecolorado.com/2022/06/17/what-the-numbers-say https://windermerecolorado.com/2022/06/17/what-the-numbers-say#respond Fri, 17 Jun 2022 14:06:37 +0000 https://windermerecolorado.com/?p=2903 During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us: Inventory is up significantly year over year: Larimer County = +48% Weld County = +52% Metro Denver = +74% However, supply is still low as measured by months of inventory: […]

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During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us:

Inventory is up significantly year over year:

  • Larimer County = +48%
  • Weld County = +52%
  • Metro Denver = +74%

However, supply is still low as measured by months of inventory:

  • Larimer County = 1.1 Months
  • Weld County = 1 Month
  • Metro Denver = 1 Month

Transaction count is down as the pace of sales is slowing:

  • Larimer County = -24%
  • Weld County = -15%
  • Metro Denver = -19%

Yet, average prices are still up versus last year:

  • Larimer County = +18%
  • Weld County = +10%
  • Metro Denver = +14%

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The Best News https://windermerecolorado.com/2022/06/13/the-best-news https://windermerecolorado.com/2022/06/13/the-best-news#respond Mon, 13 Jun 2022 13:36:39 +0000 https://windermerecolorado.com/?p=2897 The best news in a long time has finally arrived for buyers. Inventory is up, frenzy is down. Buyers who were frustrated, confused and disappointed by the market a few months ago are now coming back to find a much more reasonable environment. Demand is still high for sure.  However, the intense, frenzied competition has […]

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The best news in a long time has finally arrived for buyers.

Inventory is up, frenzy is down.

Buyers who were frustrated, confused and disappointed by the market a few months ago are now coming back to find a much more reasonable environment.

Demand is still high for sure.  However, the intense, frenzied competition has subsided.

There is now room to breathe because there is more selection.

Here is how inventory has increased along the Front Range versus the same time a year ago:

Larimer County = 28%

Weld County = 19%

Metro Denver = 35%

These are significant increases and a trend we expect to continue.

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