Beautiful Condo In Desirable Summer Park

Featuring 1 Bedroom, 1 Bathroom And Vaulted Ceilings!

Amazing condo in Summer Park! Don’t miss this top-notch community with all the best amenities. Featuring a clubhouse, theater room, workout room, pool and hot tub. This 1 bedroom condo has vaulted ceilings, cozy gas fireplace, a bright open floor plan and all the appliances included. Entertain inside or out on the balcony. Double closets, storage room and attached 1-car garage. HOA dues include: clubhouse, pool, trash, snow removal, water/sewer, exterior/main/master and insurance. Easy to show!

For more information, please visit: http://windermerenoco.com/listing/71573293. You may also call either Jennifer Cuningham or Natalie Davis at (970) 460-3033.

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Colorado Real Estate Market Update

ECONOMIC OVERVIEW

Colorado added 45,800 non-agricultural jobs over the past 12 months, a growth rate of 1.8%. Within the metropolitan market areas included in this report, annual employment growth was seen in all areas other than Grand Junction (where employment was stable) with substantial growth seen in Fort Collins (4.6%) and Greeley (3.5%).

In August, the unemployment rate in the state was 2.2%, down from 3.1% a year ago. The lowest reported unemployment rates were again seen in Fort Collins at just 1.8%. The highest rate was in Grand Junction, at a very respectable 3.0%. It is still reasonable to assume that all the markets contained within this report will see above-average wage growth given the very tight labor market.

HOME SALES ACTIVITY

  • There were 17,140 home sales during the third quarter of 2017, which was a drop of 3.3% from the same period in 2016.
  • Sales rose the fastest in Boulder County, which saw sales grow 4% more than the third quarter of 2016. There were marginal increases in Weld and Larimer Counties. Sales fell in all the other counties contained within this report.
  • Home sales slowed due to very low levels of available inventory. Listing activity continues to trend at well below historic averages, with the total number of homes for sale in the third quarter 5.5% below the level seen a year ago.
  • The takeaway here is that sales growth has stalled due to the lack of homes for sale.

HOME PRICES

  • With substantial competition for the few available homes, prices continue to rise. Average prices were up 7.5% year-over-year to a regional average of $428,602.
  • Slower appreciation in home values was again seen in Boulder County, but the trend is still positive.
  • Appreciation was strongest in Weld County, which saw prices rise 12%.
  • Due to an ongoing imbalance between supply and demand, home prices will continue to appreciate at above-average rates for the foreseeable future.

 

DAYS ON MARKET

  • The average number of days it took to sell a home dropped by one day when compared to the third quarter of 2016.
  • Homes in all counties contained in this report took less than a month to sell. Adams County continues to stand out as it took an average of just two weeks to sell a home there.
  • During the third quarter, it took an average of 20 days to sell a home. This is up by 3 days compared to the second quarter of this year.
  • Demand remains strong, and well-positioned, well-priced homes continue to sell very quickly.

CONCLUSIONS

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

In the third quarter of 2017, I have chosen to leave the needle where it was in the second quarter. Homes are still scarce; however, there is a small slowdown in price growth and a decline in both closed and pending sales. This may suggest the market is either getting weary of all the competition or that would-be buyers are possibly putting off buying until they see more choices in the number of homes for sale.

 

Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.

 

 

 

If you are in the market to buy or sell, we can connect you with an experienced agent here.

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Move-In Ready 2-Story With Quality Finishes

Featuring 3 Bedrooms, 3 Bathrooms And Lots Of Natural Light!

Welcome home to 4720 E 125th Avenue. This 2-story Pottery Barn inspired 3 bed /3 bath home, backs to open space and parks. Gourmet kitchen with island and matching stainless steel appliances. Featuring hardwood floors on main floor. Spacious loft perfect for games, theater or 2nd living space. Natural light encompasses the entire home with ample windows. Enjoy the Colorado lifestyle on your covered patio, perfect for entertaining in nature! Mature landscaping and MOVE-IN READY. Easy Access to I-25 and shopping.

For more information, please visit: http://windermerenoco.com/listing/71265829. You may also call either Chris Guillan or Aaron Pearson at (970) 460-3033.

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Short vs. Long

There are short-term questions about real estate and there are long term questions about real estate.

Clients often have short-term questions like…

How much will prices go up next year? Should I sell my house this Fall or next Spring? Will interest rates go up next week?

We encourage our clients to evaluate those questions in the context of the long-term. There are decades of data on the Northern Colorado market which reveal certain patterns.

When we show our clients these patterns they feel confident and secure in the investment they have made into their home and their rental properties.

For example, the long-term appreciation rates based on up to 41 years of research are as follows:

  • Larimer County = 5.36%
  • Weld County = 4.25%
  • Metro Denver = 5.56%

So over the course of a year prices may go up a lot or go up a little, but in the long term they will stay true to these long term averages.

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Beautiful Horse Property With 34.5 Acres

Featuring 3 Bedrooms, 2 Bathrooms And A 1,560 Square Foot Barn!

Amazing horse property! Many outbuildings, horse facilities, views and a cute updated home. Horse features include: 10 stalls, 8 loafing sheds, 15 auto waterers (in pastures and runs), outdoor arena, vet office, foaling stall, 1560 square foot hay barn, turn-out traps and a pasture. Outbuildings – 36×45 greenhouse with lights and hydroponics system, 1500 square foot pole barn/garage with 454 square foot loft/ bunk house. Home has been updated over the years and features an office, patio off of the master and a sunroom.

For more information, please visit: http://windermerenoco.com/listing/69423121 or call Meagan Griesel at (970) 460-3033.

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Inventory Is Up

For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory.

Based on our current research, it looks like this trend is reversing.

Let’s look at the increase in inventory in our major markets versus a year ago…

  • Fort Collins up 28%
  • Loveland up 4%
  • Windsor up 37%
  • Greeley up 5%

This increase in is very good news for prospective buyers as now there are more homes to choose from.

To see an update as to what is happening in the Northern Colorado market, contact us to receive our quarterly “Scoop” report.

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Spacious 2-Story In A Quiet Town

Featuring 3 Bedrooms, 4 Bathrooms And A Finished Basement!

Looking for a quiet, humble town to call home? Check out this beautiful two-story home, located just blocks from the Wellington Community Center and Park. 20 minutes from Old Town Fort Collins. This move-in ready home has new carpet and refinished hardwood floors. Equipped with 3 bedrooms, 4 bathrooms, office space and a completely finished basement. Master bedroom w/ walk-in closet, his and her sinks. Fully fenced spacious backyard with large patio and a 3-car garage! Call for your personal tour today!

For more information, please visit: http://windermerenoco.com/listing/68567707 or call Jennifer Cuningham at (970) 460-3033.

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Gorgeous 2-Story With Main Floor Master

Featuring 4 Bedrooms, 4 Bathrooms And A Beautifully Landscaped Yard!

Gorgeous 2-story brick home with a main floor master awaits. This 5 bedroom home is situated on an expansive corner lot, with a beautifully landscaped fenced yard. The home boasts an open floor plan with vaulted ceilings, 4 additional bedrooms and a loft. Separate dining room can also be utilized as the perfect home office. The extended covered back patio offers mountain views and plenty of room to entertain. All within the proximity to the pool, exercise room and clubhouse make this home a true gem.

For more information, please visit: http://windermerenoco.com/listing/67448430 or call Rondi duPont at (970) 401-0123.

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