Compound Effect

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If you have driven on I-25 lately you may have noticed that the Front Range is a popular place.

The projections show that it will only get more popular in the future.

Today, 4.8 million people live along the Front Range from Fort Collins down to Pueblo.

In 2030, just 11 short years from now, 5.7 million people will live here. Yes, that’s almost 1 million more than today.

This is all according to the Colorado State Demographers Office.

While this seems like a big increase, keep in mind that this assumes that population growth occurs at a fairly modest 1.7% per year.

It seems that our state will continue to grow and there will continue to be a demand for housing.

 

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Tax Time

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Property owners all over Colorado have a gift waiting for them in their mailbox- their new property tax notifications.

Every two years, each county in Colorado places a new value on property for property tax purposes.

No surprise, values were up along the Front Range.

Here is the percentage of increase for various Colorado counties (keep in mind that this increase is for two years):

  • Adams 24%
  • Arapahoe 22%
  • Larimer 19%
  • Douglas 14%
  • Jefferson 14%
  • Boulder 12%

If you have questions about how to respond to your tax notification, we can help!  We would be happy to provide you with an up-to-date market analysis and walk you through the steps on how to protest your new value if you don’t agree with it.

 

You can also watch this webinar we put together which shows you everything you need to know about your new property valuation and how to respond. 

You can watch it HERE.

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Fantastic Ranch Style Home!

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This ranch style home at 3930 Grouse Drive sits nestled in a cute neighborhood in Evans conveniently located close to HWY 34 and HWY 85. The main level has wood floors, granite counter tops in the kitchen, finished basement, and a deck in the backyard. Fantastic opportunity and phenomenal value with this great home! No HOA for this property! Contact Philip Cooper for your private showing at (970) 232-4844 for more information or click the link below for more details.

http://windermerenoco.com/listing/93233746

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Vegas Baby!

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The results are in from FHFA.gov’s latest ranking of the top performing markets in the U.S.

Each quarter they track 245 cities across the country and rank their real estate markets by home price appreciation.      

 

What’s the highest performing city the the U.S.

Vegas!  Their prices have gone up 17.63% in the last year.

 

How about the worst?

Bloomington, Illinois sits in dead last where prices went down 3.58%

 

Here’s how Colorado cities are ranked:

    • #10 Colo. Springs = 11.41%
• #16 Greeley = 10.68%
• #59 Fort Collins = 8.29%
• #64 Denver = 8.15%
• #97 Boulder = 6.85%

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Wonderful Semi Custom Home in Loveland!

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Wonderful home at 1065 Tupelo Drive in the heart of Northeast Loveland. Semi-custom 3 bed/2 bath w/ partially finished basement on 1/3 acre. Home features a living room w/ gas fireplace and natural stone surround, master bedroom with en-suite 3/4 bath & large eat-in kitchen. Covered back patio is great for relaxing or entertaining. Basement is partially finished with gas fireplace and room for a work shop. Walk to elementary and middle schools & close to everything. Home has only had 1 owner and has been treated with care! Contact Aaron Pearson for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerenoco.com/listing/88718648

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Wonderful Semi Custom Home in Loveland!

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Wonderful home at 1065 Tupelo Drive in the heart of Northeast Loveland. Semi-custom 3 bed/2 bath w/ partially finished basement on 1/3 acre. Home features a living room w/ gas fireplace and natural stone surround, master bedroom with en-suite 3/4 bath & large eat-in kitchen. Covered back patio is great for relaxing or entertaining. Basement is partially finished with gas fireplace and room for a work shop. Walk to elementary and middle schools & close to everything. Home has only had 1 owner and has been treated with care! Contact Aaron Pearson for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerenoco.com/listing/88718648

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HQ3?

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The Front Range may have lost out on Amazon’s HQ2, but that doesn’t mean their company won’t affect our economy.

Denver was in the running for Amazon’s massive new second headquarters that supposedly would bring 50,000 new high-paying jobs and $5 Billion of investment.

In the end Amazon chose to split the headquarters among two East-Coast cities and many in Colorado breathed a sigh of relief.

But they are will continue to be an economic force in our state.

Over the past two years, Amazon has greatly expanded its footprint in Metro Denver, opening up a sorting center in Aurora, fulfillment centers in Aurora and Thornton, a Prime Now center in Denver and a new delivery center in Centennial.

They will soon have 3,000 workers here and that number is expected to grow significantly.

 

 

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FUNdamentals

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In times of change (like now), it’s valuable to look at the fundamentals of our market.

Let’s have some fun with fundamentals…

1.  Our economy is healthy – since 1990, the unemployment rate in Colorado has never been higher than the U.S. unemployment rate.  Ever.  Unemployment in Colorado sits at 2.7% today while the rate across the U.S. is 4.0%.

2.  People keep moving here – since 2005 our population has grown by just over a million people which is roughly 77,000 per year (about the size of Mile High Stadium).

3.  Our real estate outperforms other places – according the Federal Housing Finance Authority, Colorado is the #1 state for home price appreciation since 1990.

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Charming Brick Ranch in Loveland!

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This adorable brick ranch at 906 Heather Dr offers plenty of space and a large yard with mature trees. The main floor has beautiful original hardwood floors, 3 bedrooms, and a large covered deck right off of the dining area. Both the main floor and the basement have wood burning fireplaces and full bathrooms. The basement has 2 bedrooms, one is non-conforming, and a large family room. Newer roof and ready to move into. Contact Meagan Griesel for your private showing at 970-691-0056 for more information or click the link below for more details. 

http://windermerenoco.com/listing/87317866

 

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How We Rank

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Here’s how the largest Colorado cities rank on the most recent Federal Housing Finance Authority’s quarterly report.  They study the appreciation rate in 245 metropolitan areas all over the country.

City                        Rank                Appreciation

Boulder                        65th                   8.76%

Colorado Springs      15th                    11.54%

Denver                        30th                    10.16%

Fort Collins                85th                    7.51%

Grand Junction         58th                   9.01%

Greeley                        45th                    9.51%

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