Fun Facts Archives - Page 29 of 34 - Windermere Certified Listing Program

Two Tales

November 15, 2019/in Closings, Fun Facts, land development, Larimer County, New homes, Weld County, Windermere Real Estate /by Fort Collins

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’s new home starts are down 10% and new home closings are down 15% compared to last year.

Weld County’s 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.

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

All Time High

November 8, 2019/in Blog, Boomers, builders, Friday Fun Facts, Fun Facts, Future Sales, Home Builders, market, real estate, Sales, Windermere Real Estate /by Fort Collins

Home Builder’s confidence in Baby Boomer buyers is at an all time high.

The National Association of Home Builders (NAHB) surveys their members each quarter to discover what they expect of future sales.

The builders base a large part of their answer on how many people are visiting their sales centers and model homes versus the same time last year.

The results in their most recent survey show that builders have never been more confident about buyers who are 55 and older.

The confidence index for this age group is actually double of what it was in 2012. The NAHB sites low interest rates and strong job growth as the reasons for the high confidence.

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

Time for New

November 1, 2019/in Blog, Builder, builders, End of year incentives, Friday Fun Facts, Fun Facts, When to buy, Windermere Real Estate /by Fort Collins

Here is a fact…

If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen.

Here’s why…

Many builders have year-end goals and sales quotas to hit. If they have a “standing inventory” of homes that are completed but not sold, they are typically motivated to sell these homes by the end of the year.

This dynamic can be especially true for publicly-traded builders who are even more motivated to hit year-end sales numbers.

Up and down the Front Range there are beautiful new homes in fantastic neighborhoods. The builders of these homes may be happy to make concessions and provide incentives as long as you close by year-end.

We just recently helped a buyer with a very compelling incentive package from a builder which included a lower price, additional landscaping and window coverings.

If you would like more details about these kinds of opportunities, reach out and we can help.

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

Most Active

October 25, 2019/in active, Blog, Friday Fun Facts, Fun Facts, homes, inventory, Rice Range, Selection, Windermere Real Estate /by Fort Collins

What is the most active price range in Northern Colorado? Take a guess…

$300,000 to $400,000
$400,000 to $500,000
$500,000 to $750,000
$750,000 and above

By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and above.

However, this lower price range does not have the most inventory. The price range with the greatest selection of homes is $500,000 to $750,000.

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

Equity Insights

October 18, 2019/in Blog, equity, Equity Insights, Fun Facts, Homeowner Equity, Mortgage, Negative Equity /by Fort Collins

The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report.

Some interesting tidbits:

· 63% of all properties nationally have a mortgage

· Homeowners with mortgages collective realized a $428 billion rise in equity over last year, an increase of 4.8%

· Only 3.8% of all mortgaged properties have negative equity (where the loan is greater than the value of the home)

· 10 years ago 26% of all mortgaged properties had negative equity

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

Net Worth

October 11, 2019/in Economy, Friday Fun Facts, Fun Facts, Median Net Worth, Net Worth, Windermere Real Estate /by Fort Collins

It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth.

Check out these numbers from the Federal Reserve’s Survey of Consumer Finances:

Median Net Worth in the U.S. = $97,300
Median Net Worth of a Renter = $5,200
Median Net Worth of a Homeowner = $231,400

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

Reduced

October 4, 2019/in Blog, Friday Fun Facts, Fun Facts, Price Reduction, pricing, Pricing Your Home, Research, Windermere Real Estate /by Fort Collins

Some fascinating research from the Denver Metro Association of Realtors…

37% of properties that sold last month along the Front Range had a price reduction at some point during the listing period.

Property owners who have to reduce their price take an average of 58 days to receive an offer.

Those who don’t have to reduce their price only take 13 days.

This stat obviously speaks to the importance of pricing your property right on day one.

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

Big Bounce

September 27, 2019/in 2007, 2008, Blog, Bounce, California, Florida, Friday Fun Facts, Fun Facts, Home Values, HSH, Las Vegas, Metro Denver, Percentage, Saramento, Total Decline, Value, Windermere Real Estate /by Fort Collins

Seventy-five major metro markets have seen home prices bounce back to above their pre-recession peaks.

Metro Denver has seen the biggest bounce with home values 91% above its previous high in 2007 , according to the Home Price Recovery Index from HSH.com.

“Aside from routinely strong home price appreciation, it’s important to know that the Denver metro’s housing ‘bust’ in 2008 was relatively short and shallow,” said Keith Gumbinger, the report’s author.

The peak-to-trough for home values was only three years long and the total decline in value was just under 8 percent in Metro Denver, he said.

By contrast, a half-dozen large metros have seen home prices more than double from their lows and still not reach the old highs. On that list are Las Vegas, Sacramento, Calif, and Cape Coral, Fla.

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

Rate Bounce

September 13, 2019/in 2013, 2016, Blog, Friday Fun Facts, Fun Facts, History, mortgage rates, Numbers, Percentage, Rate Bounce, Rate History, rates, Windermere Real Estate /by Fort Collins

Rates hit near-historic lows this week and are now at 3.49% for a 30-year mortgage.

There have only been two other times in history when rates have been this low- April 2013 and October 2016.

It’s interesting to see what happened soon after bottoming out these last two times.

In April of 2013 rates hit 3.41%. By August 2013 they had jumped to 4.40%.

Rates bottomed again in October 2016 at 3.42%. Just two months later in December 2016 they were 4.32%.

Each time the increase was nearly 1% within just a few months.

So, if history proves itself as a guide, we can’t expect these rates to last for long.

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

Ranked!

September 6, 2019/in Blog, Colorado Economy, Economics 101, Fun Facts, Home Price Appreciation, Housing Affordability, Housing Slow Down, Listing Inventory, Northern Colorado Real Estate, Recession, Stable Economy /by Fort Collins

The latest report from the Federal Housing Finance Authority is hot off the press. They rank 241 major metropolitan areas across the U.S. for yearly home price appreciation.

They show that, nationally, home prices have gone up 4.99% over the last 12 months.

Here’s how the major cities rank in Colorado among the 241:

#22 Greeley = 7.94%

#27 Colorado Springs = 7.64%

#63 Fort Collins = 6.34%

#133 Denver = 4.83%

#188 Boulder = 3.41%

** Interesting fun fact: In the WORST economy of our lifetime (2008 recession), home appreciation in Fort Collins only went down 2.2%. Compare that to places like Las Vegas that went down by over 35%! Now that’s a stable economy.**

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

Keep Updated!

Friday Fun Facts – Thanksgiving Edition! November 22, 2024
Fun and Fascinating Thanksgiving Facts Thanksgiving is a beloved holiday in the United States, celebrated with family gatherings, festive meals, and a spirit of gratitude. While many know the basics of the tradition, there are some lesser-known facts about this cherished day that might surprise you. 1. The First Thanksgiving Wasn’t Just One Day […]
Friday Fun Facts – What Home Renovations Aren’t Worth The Price Tag November 8, 2024
If you’ve ever wondered how much it would cost to renovate your home and if it’s worth it… you are not alone. According to data from Forbes, the average home renovation costs $41,600, with projects ranging from $1,200 to $82,000, depending on the size of your home and the scope of the work involved. While […]
Friday Fun Facts – The Average American Moves 12 Times in Their Life November 1, 2024
According to the U.S. Census Bureau, the average American moves approximately 11.7 times throughout their lifetime. However, this number varies widely depending on factors such as age, income, and marital status. Young adults between the ages of 18 and 34 move much more frequently than older adults. Folks between 18 and 34 have an average […]