Friday Fun Facts – The 12 Facts of Real Estate

While your true love may be getting you a partridge in a pear tree in the near future, we decided to give you the 12 facts of Colorado 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

 

It’s time to register for our annual Market Forecast event.  We will be live at 5:30 on January 16th at the Marriott in Fort Collins.  Back by popular demand is our Chief Economist Matthew Gardner.  Save your seat HERE.

Posted on December 20, 2019 at 10:59 pm
Stephanie Woodard | Category: Housing Trends, Living, Northern Colorado Real Estate | Tagged , , , ,

Friday Fun Facts – All Time High

Home Builder’s confidence in Baby Boomer buyers is at an all time high!

The National Association of Home Builders (NAHB) surveys their members each quarter to discover what they expect of future sales.

The builders base a large part of their answer on how many people are visiting their sales centers and model homes versus the same time last year.

The results in their most recent survey show that builders have never been more confident about buyers who are 55 and older.

The confidence index for this age group is actually double of what it was in 2012.  The NAHB sites low interest rates and strong job growth as the reasons for the high confidence.


 

Posted on November 8, 2019 at 6:57 pm
Stephanie Woodard | Category: For Buyers, Housing Trends | Tagged , , , , ,

Current Price Range in Northern Colorado

What is the most active price range in Northern Colorado? 

Take a guess…

  • $300,000 to $400,000
  • $400,000 to $500,000
  • $500,000 to $750,000
  • $750,000 and above

By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and above.

However, this lower price range does not have the most inventory.  The price range with the greatest selection of homes is $500,000 to $750,000.

Posted on October 25, 2019 at 5:36 pm
Stephanie Woodard | Category: For Buyers, Housing Trends, Northern Colorado Real Estate | Tagged , , , ,

Friday Fun Facts – Net Worth

It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth.

Check out these numbers from the Federal Reserve’s Survey of Consumer Finances:

  • Median Net Worth in the U.S. = $97,300
  • Median Net Worth of a Renter = $5,200
  • Median Net Worth of a Homeowner = $231,4009W7amgJuvzwLY364mQBpOrwNOX7iAw-zMWpYgLHM8iao8asauzzK5C1JI5hAWEj8FHftjLiRVGa22wB8elNx0kErizB3H7jbnx2xPeD29dBd4hrk-hbCuIgJTO7f4y9bs0-d-e1-ft.png

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 October 11, 2019 at 8:15 pm
Stephanie Woodard | Category: Housing Trends | Tagged , , , , , , , , ,

Friday Fun Fact – Big Bounce in the Markets!

Seventy-five major metro markets have seen home prices bounce back to above their pre-recession peaks.


Metro Denver has seen the biggest bounce with home values 91% above its previous high in 2007 , according to the Home Price Recovery Index from HSH.com.

“Aside from routinely strong home price appreciation, it’s important to know that the Denver metro’s housing ‘bust’ in 2008 was relatively short and shallow,” said Keith Gumbinger, the report’s author.

The peak-to-trough for home values was only three years long and the total decline in value was just under 8 percent in Metro Denver, he said.

By contrast, a half-dozen large metros have seen home prices more than double from their lows and still not reach the old highs. On that list are Las Vegas, Sacramento, Calif, and Cape Coral, Fla.


Posted on September 27, 2019 at 5:34 pm
John Taylor | Posted in EconomyFor Sellersfun factsHousing Trends | Tagged 
Posted on September 27, 2019 at 6:31 pm
Stephanie Woodard | Category: Housing Trends | Tagged , , , , , , , , , , , , , , ,