Northern Colorado Economic Forecast for 2017

2017 Crystal Ball

2017 Crystal Ball

Last week Windermere’s Chief Economist Matthew Gardner joined us for our annual Market Forecast events in Northern Colorado.

Here are some of the big takeaways that we shared:

  • Interest rates will increase to 4.6% by the end of the year
  • First-time buyers are back and will make up 47% of all buyers in 2017
  • Inventory will remain at record lows and will continue to drive up prices
  • Appreciation is expected to be between 9% and 7% accross our Front Range markets
  • Home builders will get creative in order to hit lower price points – we will see more “tiny homes” and more homes without basements

Click HERE to see Matthew Gardner’s infographic on the 2017 Forecast.

Posted on January 28, 2017 at 7:42 pm
Natalie Davis | Category: Fort Collins, Greeley, Home Buying, Larimer County, Loveland, Luxury Real Estate, Northern Colorado Real Estate, Selling a Home, Seniors Real Estate Specialist (SRES), Weld County | Tagged , , , , , , , , , , , , , , ,

Seasonal Slowdown

 

Weekly Fun Facts

Weekly Fun Facts

August marks the end of the busy real estate selling season and the beginning of the traditional seasonal slowdown in our market.

The four months of April, May, June and July tend to produce 45% of the year's total sales. This is based on looking back at 5 years of data.

If 2016 holds true to form, the next five months from now until the end of the year will be progressively slower.

No surprise that December tends to be the slowest month with a third of the number of sales compared to a typical July.

Here's what we will be watching closely over the next few months – is this year's seasonal slowdown "normal", or, because the market has been so hot this year, is it breaking traditional trends.

We will be sure to keep you informed!

 

Contact Natalie Davis to find out what the low rates have done to the value of your home. She will put together an Equity Snapshot which will show you, in detail, what your home is worth in today's market. It's valuable information to have whether you are thinking of selling or not.  970-281-5321

Posted on July 30, 2016 at 10:04 am
Natalie Davis | Category: Home Buying, Luxury Real Estate, Northern Colorado Real Estate, Selling a Home, Seniors Real Estate Specialist (SRES) | Tagged , , , , , , , ,

Weekly Fun Facts

Facts about the Northern Colorado Real Estate Market

Weekly Fun Facts

  
Inventory Mis-Match

Our market is under-supplied. Plain and simple. There is a 1 to 2-month supply of homes across Northern Colorado. A balanced market would have 6 months.

So, home builders to the rescue right? Not so fast. Home builders, for various reasons, have a very hard time matching the market.

75% of sales in Northern Colorado are below $400,000. Only 16% of new home inventory in Northern Colorado is below $400,000. That is a mis-match.

Builders are faced with high land costs, high materials cost, high labor costs, high permitting costs and high water costs. It's pretty much impossible, in most parts of our market, to deliver a new home under $400,000.

So, condominiums to the rescue right? Not so fast. Because of onerous construction defect laws, developers do not want to build multi-family, for sale product. It's too risky. They'd rather build apartments.

Our market is under-supplied. Plain and simple.

This is really good news if you are a seller who wants to move up. This is especially good news if you are a seller of a condominium.

Contact us to find out what our under-supplied market has done to the value of your home. We'll put together an Equity Snapshot which will show you, in detail, what your home is worth in today's market. It's valuable information to have whether you are thinking of selling or not.  970-281-5321

 
Posted on July 20, 2016 at 9:15 am
Natalie Davis | Category: Home Buying, Northern Colorado Real Estate, Selling a Home | Tagged , , , , , , , , , ,

 Happier Hardwood Floors

Hardwood Floors

Hardwood Floors


Hardwood floors make for a beautiful, stunning addition to your home. However, they can bring new cleaning and maintenance challenges that aren’t present with carpet. Here are some tips for simple, efficient, and thorough hardwood floor cleaning.

Make the job easier Place mats on either side of your exterior doors and always remove your shoes before entering your home—and make sure your guests do the same. Protect the floors by placing felt (or similar) protectors on the feet of your furniture, and use area rugs to designate play areas for the kids. This will reduce extra dirt, dust, and floor scratches.

Weekly cleaning Sweeping with a standard broom will remove some dirt and dust, but not as much as a mop, wipe, or broom that’s been treated with a dusting agent such as a Swiffer. You could also invest in a vacuum that is designed for hardwood floors. Just be sure that the vacuum won’t leave scratches!

Deeper cleaning Regular sweeping will remove most dirt and dust, but occasionally you’ll need to give the floors a deeper cleaning to remove the dirt and grime that builds up in your floors’ seams. Use a wood-cleaning soap to thoroughly mop your floors, but make sure the mop isn’t sopping wet—you don’t want to leave standing water.

Spots and scuffs Most of the marks that occasionally show up on your floors, such as scuffs from rubber soles on boots and shoes—can be wiped away with a rag or very fine steel wool.

Posted on February 22, 2016 at 8:37 am
Natalie Davis | Category: Home Maintenance, Selling a Home | Tagged , ,

REALTOR.com Home Buying Process

REALTOR.com offers the Home-Buying Process in plain English with Elizabeth Banks
 

The Search

 

The Offer

Posted on October 5, 2015 at 7:39 pm
Natalie Davis | Category: Uncategorized | Tagged , , , , , , , ,