No Bear

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Altos Research is one of the most trusted sources of real estate market information in the United States.  Each week they track every single home for sale across the Country.  They analyze the pricing, supply, demand, and status changes for all listings.  This amount of data allows them to expertly predict changes in the market.

Their founder, Mike Simonsen, recently said this about the current state of the real estate market:

“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place.   If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.

“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”

 

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

The post No Bear appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

No Bear

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Altos Research is one of the most trusted sources of real estate market information in the United States.  Each week they track every single home for sale across the Country.  They analyze the pricing, supply, demand, and status changes for all listings.  This amount of data allows them to expertly predict changes in the market.

Their founder, Mike Simonsen, recently said this about the current state of the real estate market:

“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place.   If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.

“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”

 

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

The post No Bear appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Versus 2019

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Because 2021 and 2020 were such unique years in real estate because of the considerably low interest rates, many people in our industry believe it makes sense to compare 2022 to 2019 when looking at the key statistics.

Here’s how 2022 looked along the Front Range compared to 2019:

 

                                             Prices                   Number of Transactions                Properties for Sale

Larimer County                 +41%                    -6%                                                     -37%

Weld County                     +39%                    +2%                                                    -16%

Metro Denver                   +40%                    -14%                                                   -6%

 

Generally, what we notice is that:

  • Prices are up significantly
  • The number of transactions is similar
  • Inventory is down compared to 2019 even though it is more than double 2021’s inventory

 

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

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RSVP Time

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There are four key questions that our clients have right now:1. What will values do this year and is there any chance of a housing bubble?2. When will mortgage rates drop below 6%?3. Will inflation subside this year?4. Is now a good time to buy or sell? All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast.  Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist. You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.

The post RSVP Time appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

RSVP Time

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There are four key questions that our clients have right now:1. What will values do this year and is there any chance of a housing bubble?2. When will mortgage rates drop below 6%?3. Will inflation subside this year?4. Is now a good time to buy or sell? All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast.  Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist. You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.

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New Listings December 2022

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4027 Boulder Drive is a spacious bi-level and is ready for your personal touch! The two living spaces and open kitchen are great for entertaining. A deck from the kitchen leads you down to the expansive beautiful fenced backyard where you’ll find a “hobbit” sauna, outdoor bar, fort, & separate garden space. There is plenty of storage and parking with an attached 2 car garage & a covered parking space off driveway. A bonus 10′ x 20′ “Tiny House” with solar electricity and loft is included. No HOA and is close to The Olde Course, Cattail Creek, Mehaffey Park, Lake Loveland and more! This home is in need of some TLC and is priced in consideration of such. Call (970) 691-0056 to schedule a private tour or click here for more information.

Meagan Griesel | MLS# 979283

This ranch-style brick home with attached garage is located in a desirable location close to schools, shopping, restaurants and easy access to I-25. 1221 E 85th Place has a fully fenced backyard with storage shed and parking for your RV, boat or extra toys! Kitchen includes all appliances and opens to large living room with lots of natural light. Two main floor bedrooms share a 3/4 bath. Additional heated sunroom with attached 1/2 bath, wet bar, skylights and fireplace provides more living space on main level. Full finished basement features 2 additional non-conforming bedrooms, full bath, and large family room. Washer/Dryer hookups in garage as well as basement. No HOA. Looking for a great investment, or first time home buyer? This could be the home you are looking for! Call (970) 310-4876 to schedule a private tour or click here for more information.

Kelly Swift | MLS# 979405

Welcome to the historic Shattuck House! 1127 18th Street is a stunning, all brick home that has all the charm that you could ever want. This home has been completely restored so you can enjoy it for years to come. Home features include custom built kitchen cabinets, quartz kitchen counters, new custom light-fixtures, eye-popping kitchen floors, new brick and wrought-iron fencing around the home and much more! All major components of the home have been replaced recently. HIGH INTEREST RATE BUSTER! The sellers are offering $10,000 towards closing costs and interest rate buydown so that you can make this home yours. Contact agent for breakdown of rate buydown and what payments could look like. Walking distance to Historic Downtown Greeley, Glenmere Park, UNC, and Greeley Central High School. Call (970) 690-5707 to schedule a private tour or click here for more information.

Jared Foster | MLS# 979470

4429 Julian Court is a charming home in Southeast Fort Collins home and has been lovingly remodeled and reflects pride of ownership throughout. The open floorplan is spacious and welcoming and boasts a dream kitchen, complete with top of the line appliances, quartz countertops, and lots of storage with soft close cabinets and drawers. The back yard and deck are an entertainer’s dream (mini-fridge and mounted TV included). The backyard has raised beds for gardening and a storage shed with lighting and electricity. Numerous upgrades include, a newer roof with impact resistant shingles, multi-zoned mini-split HVAC system A/C and heat, new 50 gallon water heater, and brand new solar panels ($43,000 alone!). Come see this sweetheart of a home today! Call (970) 215-6768 to schedule a private tour or click here for more information.

Reba Tipton | MLS# 979520

1678 Aylesbury Court is a move-in-ready ranch-style home on a cul-de-sac. Enjoy your 3-car garage that has ample room for all your vehicles and toys. HOA includes non-potable water for your lawn between May-September as well as FREE access to the neighborhood pool all summer long! Inside you’ll find an open-concept floorplan with new wood floors, vaulted ceilings, a fireplace, and new carpet. Flex room in the front of the house can be a large office or another living room for entertaining. The kitchen boasts a new dishwasher, garbage disposal, pantry and ample counter space including a large island. The primary suite showcases vaulted ceilings and a 5 piece bath with double sinks and an oversized tub to relax in at the end of your day. The basement has already had a full bathroom installed as well as 2 more rooms partially framed for future expansion. Enjoy time on your front porch or on your oversized backyard patio overlooking the mature and private backyard landscaping. This one-owner home has been meticulously maintained and shows pride in ownership throughout! Located near lakes, golf courses, the new Legends Sports Complex, trails, restaurants and shopping! This is the perfect home! Call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 979493

Welcome Home! 567 1st Street is a beautiful, solidly made ranch-style home in an amazing location. Cinderblock construction and Miami Stone on over 1/3 acre near downtown Berthoud. The property has Industrial zoning, which allows for many commercial uses in addition to residential. Fall in love with the fully fenced backyard resplendent with mountain views, mature landscaping, raised beds, spacious patio and hot tub. This cozy, quiet home has an eat-in kitchen with updated cabinets and countertops, both bathrooms have been updated and there is hard wood under the carpet on the main floor (except near the wood burning stove.) You will enjoy all the natural light coming into this lovely home. No HOA or metro district. Garage has 220 volt elec. service and a pellet stove so you can work in it year round. Call (970) 430-9630 to schedule a private tour or click here for more information.

Katie Robinson | MLS# 979434

964 Mouflan Drive is a perfect Ranch Home in Hunter’s Crossing. This 3 bedroom 2 bathroom home is only 2 years old and move in ready! Home boasts an open concept floor plan and vaulted ceilings in the main living area with a decorative wall as an added special touch. The back yard is fully fenced and landscaped with a wood deck from the house. The 2 car garage is finished with drywall and painted. Seller has installed a radon mitigation system, humidifier and air purifier. Metro District fee includes the non-potable water and trash. Wonderful community parks throughout the neighborhood. Come see this home!! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 979636

Come take a look at 813 37th Ave B-2, a newly updated condo which offers 2 large bedrooms, 1.5 bathrooms, new luxury vinyl plank through out the main floor and upper bathroom, new carpet upstairs, all new kitchen cabinets, new refrigerator, stove and microwave, granite countertops, new bathroom tub/shower, new bathroom vanities, bathroom light fixtures, all new doors, all new interior paint, back porch for grilling, 1 covered carport space. HOA covers: electric, gas, water, sewer, trash, lawn maintenance and snow removal. Great home or investment property. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 979925

Come take a look at 807 37th Avenue A-4, a newly updated condo which offers 2 large bedroom, 1.5 bathrooms, new luxury vinyl plank through out the main floor and upper bathroom, new carpet upstairs, all new kitchen cabinets, granite countertops, new bathroom vanities, bathroom light fixtures, all new doors, all new interior paint, back porch for grilling, 1 covered carport space. HOA covers: electric, gas, water, sewer, trash, lawn maintenance and snow removal. Great home or investment property. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 979926

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Incentivized

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More than 75% of all new home builders are using interest rate buydowns as a way to attract buyers to their communities.This is according to new research by John Burns Real Estate Consulting.Builders are fronting several thousand dollars on behalf of their buyers so these buyers can have a lower rate for the first few years of the loan, or in some cases the whole life of the 30 year loan. New home builders with completed homes or ‘standing inventory’ are especially motivated as this type of inventory is costly for the builder to carry.This kind of product offers a terrific opportunity for buyers looking to move soon and who desire a lower interest rate.

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Incentivized

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More than 75% of all new home builders are using interest rate buydowns as a way to attract buyers to their communities.This is according to new research by John Burns Real Estate Consulting.Builders are fronting several thousand dollars on behalf of their buyers so these buyers can have a lower rate for the first few years of the loan, or in some cases the whole life of the 30 year loan. New home builders with completed homes or ‘standing inventory’ are especially motivated as this type of inventory is costly for the builder to carry.This kind of product offers a terrific opportunity for buyers looking to move soon and who desire a lower interest rate.

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Way Under

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The Nation’s real estate market is significantly under-supplied.According to the most recent research from Freddie Mac, the United States has a housing supply deficit of 3.8 million units.The available inventory today is lower than it has ever been in the last 40 years and is 3.5x lower than the peak of 2008.The reason why available inventory is so low, is the low amount of new home starts that have occurred over the last 15 years.Builders have faced many obstacles trying to keep up with housing demand including supply chain issues, labor supply, land availability, water availability, and stricter approval processes.Fewer new homes were built in the decade ending 2018 than any other decade since the 1960’s.The reality is, the obstacles builders face are unlikely to change significantly in the foreseeable future.Low inventory is likely to persist.An under-supplied market is a key reason leading economists do not expect home prices to crash even while the market cools off.

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Mis-Led

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The most misleading stat about the housing market is increase in inventory. The number of properties for sale is up significantly compared to last year.  In most locations along the Front Range, inventory has doubled.This is obviously great news for buyers because they now have more choice.This is obviously meaningful for sellers because they now have more competition.But, it does not mean there is a glut of inventory.  It does not mean that we are now, all of a sudden, over-supplied.Quite the contrary.  The market is still undersupplied.  There would need to be at least double the amount of homes for sale for Front Range real estate to begin to be balanced.The increase in inventory, being so large, gets a lot of attention in the media and can sometimes be taken the wrong way.Yes, inventory has doubled.  But, it has doubled compared to all time lows.Freddie Mac reports that Nationally, the market is undersupplied by 3.8 million housing units.So, the increase in homes for sale is a good thing for the market and is nothing like a glut of inventory.

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