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 – Vital Signs of the Market

First, Larimer County:

  • Average prices are up 2.4%
  • Number of transactions is down 2.5%
  • Inventory is up 11.9%
  • Days on market is up 4.1%

Now, Weld County:

  • Average prices are up 4.3%
  • Number of transactions is up 3.6%
  • Inventory is up 12.9%
  • Days on market is flat (same as last year)

What this means is prices are still going up, just not as fast as they were a couple of years ago.  More inventory is coming on the market which is great news for buyers

Posted on December 13, 2019 at 6:51 pm
Stephanie Woodard | Category: For Buyers, For Sellers, Housing Trends, Northern Colorado Real Estate | Tagged , , , , ,

Friday Fun Facts – A Tale of Two Counties

 

 

Two Tales

This is a tale of two Counties.

When it comes to new home activity, there is a big difference between Larimer and Weld Counties.

Larimer County new home starts are down 10% and new home closings are down 15% compared to last year.

Weld County new home starts are up 18% and new home closings are up 8% compared to last year.

This is all according to the new home research experts and Metrostudy.

So why the difference?  It comes down to price and availability.

There is more land available for new home development in Weld County.

Plus, the land tends to be less-expensive than Larimer which means that builders can deliver a lower-priced product and reach a larger pool of buyers.

The average price of a new home in Larimer County is $507,105 while the average new home price in Weld is $411,269.

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.


Welcome to Friday Fun Facts

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Posted on November 15, 2019 at 2:09 pm
John Taylor | Category: For BuyersFor Sellersfun factsHousing TrendsNorthern Colorado Real Estate | Tagged 
Posted on November 15, 2019 at 2:30 pm
Stephanie Woodard | Category: For Buyers, For Sellers, Housing Trends, Northern Colorado Real Estate | Tagged , , ,