Captivating Luxury & Style!

This beautiful and tastefully remodeled 2 story home at 7207 Streamside Drive in the Greenstone neighborhood in Fort Collins features 5 bedrooms (2 being suites), 5 bathrooms, 3 car garage, double staircase to the upper level and a finished walkout basement. This home’s elegant vibe makes it great for entertaining while its magnificent mountain views brings outdoor living at its best. Nearly 1 acre of land that overlooks open space, bike path, creek, and offers the best sliding during winter! Contact Suzi Espinosa at (970) 652-1394 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/96237854

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Colorado Real Estate Market Update

Posted in Colorado Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate 

 

The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park counties) is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.

 

ECONOMIC OVERVIEW

Colorado’s economy continues to grow with the addition of 44,800 new non-agricultural jobs over the past 12 months. This represents a reasonable growth rate of 1.7%. As stated in last quarter’s Gardner Report, we continue to see a modest slowdown in employment gains, but that’s to be expected at this stage of the business cycle. I predict that employment growth in Colorado will pick back up as we move through the year, adding a total of 70,000 new jobs in 2019, which represents a growth rate of 2.6%.

In February, the state unemployment rate was 3.7%, up from 2.9% a year ago. The increase is essentially due to labor force growth, which rose by more than 84,000 people over the past year. On a seasonally adjusted basis, unemployment rates in all the markets contained in this report haven’t moved much in the past year, but Boulder saw a modest drop (2.7%), and the balance of the state either remained at the same level as a year ago or rose very modestly.

 

HOME SALES

  • In the first quarter of 2019, 11,164 homes sold — a drop of 3% compared to the first quarter of 2018 and down 13.5% from the fourth quarter of last year. Pending sales in the quarter were a mixed bag. Five counties saw an increase, but five showed signs of slowing.
  • The only market that had sales growth was Adams, which rose 4.9%. The rest of the counties contained in this report saw sales decline, with a significant drop in the small Park County area.
  • I believe the drop in the number of home sales is partially due to the significant increase in listings (+45.6%), which has given would-be home buyers more choice and less need to act quickly.
  • As mentioned above, inventory growth in the quarter was significant, but I continue to believe that the market will see sales rise. I expect the second half of the year to perform better than the first.

 

 

HOME PRICES

  • Home prices continue to trend higher, but the rate of growth is tapering. The average home price in the region rose just 2.1% year-over-year to $456,243. Home prices were .3% higher than in the fourth quarter of 2018.
  • I anticipate that the drop in interest rates early in the year will likely get more buyers off the fence and this will allow prices to rise.
  • Appreciation was again strongest in Park County, where prices rose 21.9%. We still attribute this rapid increase to it being a small market. Only Clear Creek County experienced a drop in average home price. Similar to Park County, this is due to it being a very small market, making it more prone to significant swings.
  • Affordability remains an issue in many Colorado markets but that may be offset by the drop in interest rates.

 

 

DAYS ON MARKET

  • The average number of days it took to sell a home in Colorado rose five days compared to the first quarter of 2018.
  • The amount of time it took to sell a home dropped in two counties — Gilpin and Park — compared to the first quarter of 2018. The rest of the counties in this report saw days-on-market rise modestly with the exception of the small Clear Creek market, which rose by 26 days.
  • In the first quarter of 2019, it took an average of 42 days to sell a home in the region, an increase of four days compared to the final quarter of 2018.
  • Job growth drives housing demand, but buyers are faced with more choice and are far less frantic than they were over the past few years. That said, I anticipate the late spring will bring more activity and sales.

 

 

CONCLUSIONS

This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

For the first quarter of 2019, I have moved the needle a little more in favor of buyers. I am watching listing activity closely to see if we get any major bumps above the traditional increase because that may further slow home price growth; however, the trend for 2019 will continue towards a more balanced market.

 

 

As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.

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Spacious Home in Fort Collins!

This spacious home at 1613 Waterford Lane in Fort Collins features main floor living with a fully finished basement. Eat-in kitchen offers plenty of space for everyone. Take advantage of the wet bar while entertaining family and friends or curl up with a book by the fireplace on cold winter nights. Bright, sunny backyard offers privacy and space for all your outdoor fancies. Take a dip in the neighborhood pool or enjoy a game of tennis in the community courts. Easy walk to College for dinner or groceries. Contact Sarah Schilz at (970) 817-0906 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/96255685

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Caring for our Communities through the Windermere Foundation

Posted in Community and Windermere Foundation by Marilou Ubungen 

 

Windermere offices have been busy this year raising money for the Windermere Foundation which provides funding to support low-income and homeless families throughout the Western U.S. Last quarter alone, the Windermere Foundation collected over $308,236 in donations, bringing our total to $38,314,364 raised since 1989 when the Windermere Foundation first started.

 

Each Windermere office has its own Windermere Foundation fund account that they use to make donations to organizations in their local communities. These accounts are funded by donations from owners, agents, staff, and the community, and from donations through Windermere agent commissions. The Windermere Hillsboro office in Oregon, and Windermere Coeur d’Alene Realty in Idaho, are two great examples of how our offices go above and beyond to support their local communities.

 

Windermere Hillsboro

Earlier this year, the Windermere Hillsboro office donated $1,500 to the Hillsboro School District’s McKinney-Vento program, a program which ensures that students who face housing instability and hardship have access to public education, despite the lack of a fixed living environment or a supervising parent or guardian. There are 20,000 students in the district and more than 400 of those students face housing instability. Every school district in Oregon has at least one designated McKinney-Vento Liaison. The Hillsboro School District has a team of three that works tirelessly to support each student and their families with rental and utilities assistance. If there is housing stability at home, then those students are more likely to stay in school.

 

The Windermere Hillsboro office also made a $5,000 donation to Community Action, whose mission is to lead the way to eliminate conditions of poverty and create opportunities for people and communities to thrive. The donation will go towards programs that help approximately 26,000 individuals and families: Energy Assistance, Early Childhood Development, Family Development, and Housing Stability.

 

Windermere/Coeur d’Alene Realty

In March, Windermere/Coeur d’Alene Realty, which has offices in Coeur d’Alene, Post Falls, and Hayden, was recognized as the Best Real Estate Office by The Business Journal of North Idaho in their “Best of 2019” awards. This is the ninth year-in-a-row that they have received this honor. The brokerage was also named Idaho’s Brightest Star for their philanthropy and community involvement. Through the Windermere Foundation, they have given back nearly one million dollars to local charities and humanitarian agencies in Kootenai County, and more than 11,000 warm winter boots to local children in need.

 

Thanks to our agents, offices, and everyone who supports the Windermere Foundation, we have been able to make a difference in the lives of many families in our local communities. This year we celebrate the Windermere Foundation’s 30th anniversary with a renewed year-long focus on giving back, doing more, and providing service to the communities that have made us who we are.

 

Our goal for 2019 is to raise over $40 million in total donations. If you’d like to help us reach this goal, or learn more about the Windermere Foundation, please visit WindermereFoundation.com.

 

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Spectacular Home in Highland Meadows!

This spectacular home at 5802 Bromborough Drive with an open floor plan works with the way you live with two bedrooms, a dining room and office all on the main floor surrounding the kitchen and great room. The finished walkout basement backs to Hole 11 and offers amazing views of the green. Complete with a wet bar, rec room and 2 bedrooms, one of which has been converted to the perfect workout space! Contact Anali Roath at (970) 829-8818 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/96043040

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Wonderful Cul-de-sac Home!

Terrific home in the popular Windsor Village neighborhood! 140 Ivy Court is located on a quite cul-de-sac, this home features an updated kitchen and functional floor plan. Relax in the large, private back yard with mature trees and landscaping. Extra space for parking a camper or your toys. Close to shopping and schools. New roof and furnace to be installed prior to closing. No HOA! Contact Jon Holsten at (970) 237-2745 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/96044003

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Beautiful Two-Story Home!

This two story home at 821 Snowy Plain boasts beautiful hardwood floors and soaring ceilings allowing for tons of natural light. Upstairs is complete with 2 spacious bedrooms and a large master retreat. The finished basement features a large rec room with surround sound, 1 additional bedroom and a 3/4 bath. Fully fenced yard and a large trex deck with remote control for season shade!  Contact Kyle Basnar at (970) 481-5689 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/96035423

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Luxurious Living in Old Town!

The Brownes on Howes provides luxurious living with lock and leave convenience. 319 N Howes Street offers main floor living with open yet integrated living spaces and a spacious master suite with large bay window, 5 piece bath, and a walk-in-closet. Entertain with a second level family room with a fireplace and 2 guest suites. Enjoy sunsets from the private rooftop terrace over looking the city. The Brownes delivers livability and flexibility! Contact Kyle Basnar at (970) 481-5689 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/96030999

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Beautiful Home in Rigden Farm!

This 5 bedroom + office home at 2903 Shaylah Court offers plenty of indoor and outdoor living. Sit under the pergola in the huge well landscaped backyard by the fire pit. Open the custom glass garage door to the back patio and have a BBQ or enjoy beers on tap in the “Garage Brewery”. Enjoy movies in the finished basement theater room. This home has 2 tank less on demand water heaters, new granite counter tops in the kitchen, top of the line GE Monogram appliances and many more things to enjoy! Contact Lindsey Crisanti at (970) 420-4498 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/95984251

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New Home News!

 

 

Nationally, sales of new homes are stronger than they have been in a long time. March was the best month since 2007 and April was the third-best month in that same time period.

 

This research comes from the National Association of Home Builders who show that we are on pace to sell 673,000 new homes this year across the Country.  5 years ago there were roughly 450,000 sales of new homes.

 

For the first four months of 2019, new home sales are 6.7% ahead of the sales pace of the initial four months of 2018.

 

What is interesting is that those gains have distinct regional clustering. Year-to-date sales are up 10.3% in the South, 6.7% in the West (concentrated in the Mountain states), and 1.3% in the Midwest, while recording a 17.6% decline in the Northeast.

 

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