Friday Fun Facts – What Home Renovations Aren’t Worth the Price Tag

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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 the goal of investing in a home renovation project is often to increase the value of your property, there are some features that may not be worth the upfront cost when it comes time to sell your property in the future. Here are six house features that buyers aren’t interested in:

  1. Turning Your Garage Into Living Space
    Prospective buyers typically prefer a functional garage for parking rather than a specialized living space. Before selling, consider returning the garage to its original function.
  2. Adding an ADU to Your Property
    The installation of an alternative dwelling unit (ADU) can significantly alter vehicle and storage space, potentially raising concerns for potential buyers.
  3. High-End Kitchen Appliances
    While high-end appliances and renovations may seem desirable, they may not significantly increase the home’s resale value.
  4. Built-In Shelving
    Built-in shelving and entertainment systems could restrict furniture configuration options, potentially causing inconvenience for buyers.
  5. Niche Additions
    Specialty additions like gyms, wine rooms, and movie-screening rooms may make it difficult to sell your home and may not necessarily increase its value.
  6. Swimming Pool
    Installing a pool can be costly and may deter potential buyers due to maintenance demands and safety concerns, particularly for families with small children.

It’s important to carefully consider these factors when planning home renovation projects, especially if the goal is to increase the property’s resale value.

The post Friday Fun Facts – What Home Renovations Aren’t Worth the Price Tag appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

New Listings – October 2024

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1906 Spring Bloom Drive | Windsor

Welcome to an unparalleled luxury retreat, nestled on a sprawling one-acre lot in the exclusive, Acadia at RainDance. This exquisite six-bedroom, five-bathroom estate redefines opulence with its meticulously crafted features and tailored finishes. Step into the magnificent great room, where a soaring 12-foot ceiling with beams creates an expansive atmosphere, centered around a custom-designed soft-lit fireplace that serves as both a visual masterpiece and a cozy gathering spot. The adjacent gourmet kitchen is equipped with state-of-the-art Dacor appliances, walnut and white oak cabinetry with quartz slab backsplash, 11-foot island adorned with quartz slab waterfall countertop, and stand-alone column refrigerator and freezer for a total of 48 of storage. The beverage counter and separate butler’s pantry, complete with a prep sink and drawer microwave, ensures effortless entertaining. The primary suite is a sanctuary of luxury, featuring a lavish eight foot walk-through shower, a striking 60-inch freestanding tub, and an artfully crafted custom tile wall connected to an extensive master closet. The impeccably designed mudroom features two expansive white oak lockers with a black leathered granite seat, and the custom cabinetry above offers additional storage. Descend to the finished basement, an entertainer’s paradise. The bar area features two stone wall wine racks and a custom-built wood waterfall bar table, perfect for hosting gatherings. RainDance offers several orchards, pumpkins patches and a real farm-table experience all while including a stunning golf course, pool, clubhouse, and several trails.

Jacqueline Feil | MLS#1020097

 

33250 County Road 53 | Gill

Welcome to 33250 County Road 53 which sits in the country on 3.66 acres. This 5-bedroom, 3-bathroom homestead has so much to offer. The main floor has an open-floor plan, updated kitchen with quartz countertops, new carpet on the main level, the master bathroom has been upgraded with new finishes and a luxury shower, custom blinds throughout the entire home, fresh paint throughout, and a new storm door. The basement includes a 2nd kitchen, all new carpet and luxury plank flooring, renovated laundry room and 4 new windows. Let’s talk about the amazing views of the Rocky Mountains, lots of room for your livestock, lean-tos and a large shop ( 55X30 ) for your big toys. The property has pipe fencing all around it and as well has a fenced yard. You will not want to miss out on this gem.

Suzanne Ekeler | MLS#1021189

 

6355 Ozark Ave | Loveland

This meticulously maintained 2 story home features a main level primary with 2 additional bedrooms on the upper level and another 2 in the basement. There are new countertops, hardwood floors and carpeting as well as light fixtures and ceiling fans. Vaulted ceilings, big windows and a view of the foothills make this home shine. Enjoy hosting family and friends in the open concept main level or head downstairs to take advantage of a spacious recreation room. Take advantage of the fully fenced back yard, elevated garden beds and patio. Conveniently located in north Loveland this is the right place to call home.

Maria Delotta | MLS#1021095

 

3107 Deering Lake Drive | Loveland

Welcome to your new home in the beautiful Lakes at Centerra neighborhood!! This beautifully maintained 3-bedroom, 2-bathroom home is better than new and move-in ready. This spacious residence offers a bright and open floor plan, perfect for comfortable living and entertaining. The living room is filled with natural light, showcasing vaulted ceilings and large windows that create a warm and welcoming atmosphere. The updated kitchen features quartz countertops, stainless steel appliances, and ample cabinet space, making it a chef’s dream for everyday meals and special gatherings. The primary suite is a peaceful retreat, complete with a walk-in closet and an en-suite bathroom with dual vanities, and a large walk-in shower. The 2 additional bedrooms provide versatility for family, guests, or a home office. The outdoor space is equally inviting, with a professionally xeriscaped back yard and a large patio perfect for outdoor dining, relaxation, gardening, entertaining and enjoying Colorado’s sunny days. Don’t miss the unfinished basement! It has an additional almost 1000 square feet and is roughed for another bathroom. The home is just a short walk to one of the 2 neighborhood parks and the dog park. With a neighborhood garden, fishing at the lake, the high plains environmental center, plenty of walking trails and conveniently located to I25, and shopping at Centerra this neighborhood has something for everyone! Don’t miss out on this one!!

Karla Laferriere  |  MLS#1020628

 

621 Wind River Court | Windsor

Welcome to 621 Wind River Court, a ranch-style home located on a Cul-de-sac, offering main floor living with 4 bedrooms, 3 full baths, and a 3-car garage. The open floor plan features vaulted ceilings, natural light, and a kitchen with granite countertops, wood floors, an island, eating area and pantry. The basement includes a large family room and storage. The backyard boasts beautiful landscaping, garden boxes, and an extended patio. Solar panels are paid off, lowering utility costs. Walking distance to Hollister Lake Elementary, Windsor Lake, and downtown. Call today for your private showing.

Suzanne Ekeler | MLS#1020369

 

1904 Winterberry Way | Fort Collins

Nestled in the vibrant heart of mid-town, this 3-bedroom, 2-bathroom townhome offers a perfect blend of convenience and charm. Just a stone’s throw from Rolland Moore Park and a short bike ride to CSU and Old Town via the scenic Spring Creek Trail, the location is unbeatable. Surrounded by mature trees and expansive green spaces, it provides a serene setting for residents. Step inside to a newly transformed interior that enhances its original charm, featuring new carpet and fresh paint throughout. The Dining Room can be transformed to a MAIN LEVEL OFFICE or a 4th BEDROOM depending on needs. The updated kitchen boasts stainless steel appliances and solid surface countertops, making it ideal for any home chef. Enjoy the outdoors with a fenced front courtyard and a cozy back deck accessible through sliding glass doors. The two-car garage offers ample storage. With a new water heater and AC system, this townhome is ready for you to move in and make it your own.

Alexis Foster | MLS#1020178

 

2233 Ridgecrest Road | Fort Collins

Nestled on a serene .68-acre lot, the home offers the ease of one-level living in a beautifully designed ranch-style home. This tranquil retreat features lush gardens, a small greenhouse for gardening enthusiasts, and thoughtfully designed outdoor living spaces. Imagine mornings on the newly laid paver patio listening to the sounds of a flowing fountain, evenings gathered around the designated firepit area, and afternoons unwinding in the relaxing sunroom that brings the beauty of the outdoors in. Inside, the updated kitchen invites culinary creativity, while the family room and living room each boasts a cozy fireplace, with a smaller wall fireplace adding a touch of warmth to the primary bedroom. With four bedrooms and no HOA restrictions, this property is truly a private haven where nature and modern living harmoniously blend. Seller is also offering a One Year Home Warranty.

Rondi duPont | MLS#1019715

 

2502 Owens Ave 102 | Fort Collins

Welcome to this beautifully maintained main floor 2 bed, 2 bath condo in the highly sought-after Timbers subdivision! Featuring a bright open floor plan, a cozy fireplace, new flooring, fresh paint throughout, and a new furnace installed in 2023, this home is move-in ready. Enjoy your own private patio, perfect for relaxing or entertaining. You’ll appreciate the convenience of a detached 1-car garage and easy access to local shops, dining, and more. Located in an excellent school district, this community also offers fantastic amenities, including a clubhouse, pool, and fitness center. Don’t miss out on this gem!

Philip Cooper | MLS#1019911

 

8012 N Louden Crossing Court | Windsor

Gorgeous 1/2 acre oasis with amazing outdoor features and indoor tranquility. Don’t miss the 16 x 9 gazebo, fire pit, mature trees and a lovely patio area. Enjoy this expansive ranch-style home with an open floor plan, main level office, huge eat-in kitchen, formal dining room, large laundry room, soaring ceilings & a beautiful fireplace in the family room. But wait, there’s more! The finished basement has a wet bar, rec room to entertain in, 2 more bedrooms and a beautiful bathroom. This entire package is on a Cul-de-sac in a great location, close to Windsor, Fort Collins, Timnath & Loveland. This great opportunity won’t last & has NO Metro Tax!

Katie Robinson | MLS#1019873

 

5145 Corbett Dr | Fort Collins

This beautiful south Fort Collins Townhome located in the highly coveted Harvest Park Community is a prime location with lots of amenities. Close to Twin Silo Park, this 2 bedroom 3 bath with an unfinished basement allows for room to grow. All kitchen appliances new as of 2020 including refrigerator, electric range/oven ( convection capable) , microwave and dishwasher. New roof, exterior paint and AC 2020. HOA fee covers access to the pool, clubhouse, weight room, water and sewer.

Lindsey Crisanti | MLS#1020283

 

311 E. Chestnut Street | Windsor

RARE opportunity to own this charming brick duplex located in the heart of Windsor. This nicely renovated property features two spacious units, each offering a comfortable living space with an open floor plan. The exterior has classic brick detailing, providing both durability and timeless appeal. Inside, each unit boasts ample windows that fill the living areas with natural light, creating a warm and inviting atmosphere. The kitchens are equipped with modern appliances, ample cabinetry, and convenient dining spaces, perfect for entertaining family and friends. Each unit includes two generously sized bedrooms, one with a full ensuite and a second full bathroom, ensuring plenty of privacy and space for residents. Each unit also has a full unfinished basement with bathroom rough in for future expansion. The duplex is situated on a well-sized lot, each unit offering a private fenced backyard that is ideal for outdoor gatherings or peaceful relaxation. Its prime location allows for easy access to local amenities, parks, and schools, making it an excellent choice for families or investors. With its blend of classic charm and modern convenience, this brick duplex in Windsor is a fantastic opportunity for anyone looking to invest in a thriving community.

Shari Moran | MLS#1021221

 

3912 Alcazar Drive | Castle Rock

This charming three-bedroom, three-bathroom home is nestled in the highly sought-after Meadows neighborhood, offering both comfort and convenience. It features an updated kitchen with a newer electric range and all appliances included, making it move-in ready. Inside, you’ll find brand new luxury vinyl tile (LVT) flooring throughout, adding a modern touch that’s easy to maintain. With two spacious living rooms, there’s ample space for relaxation and entertaining, accommodating a variety of needs. The Grange an expansive clubhouse just few minutes away, offers a wide array of amenities for all ages including a pool with a slide and indoor activities. Enjoy one of several parks and play areas in neighborhood only a few short blocks away. Visit www.meadowscastlerock.com to see all that the clubhouse offers.

Jacqueline Feil | MLS#1021336

 

925 Dove Hill Road | La Salle

Welcome to 925 Dove Hill Rd, a remarkable 3 bed, 3 bath home with 3,454 sq. ft. of spacious, elegant living. This home features an open floor plan, ideal for entertaining and everyday living, with a cozy fireplace adding warmth and ambiance. The main floor master suite offers a private, convenient retreat. Step outside to a beautiful deck where you can sit back and enjoy the breathtaking views and peace and quiet. With a 65% finished walkout basement that opens to serene open space, this home provides both tranquility and additional living potential. Don’t miss your chance to make it yours!

Philip Cooper | MLS#1021465

 

2456 Crown View Drive | Fort Collins

Welcome to this beautifully maintained 3-bedroom, 3-bath home that blends modern amenities with classic charm. It is located in a serene and well-established neighborhood with amazing foothills views and NO METRO TAX. Step inside to discover a bright and inviting living area, with large windows that flood the home with natural light and cozy up to the warm and inviting fireplace. The gourmet kitchen features granite countertops, stainless steel appliances, and ample cabinet space, making it perfect for cooking and entertaining. The primary suite provides a private retreat and a walk-in closet with ensuite bathroom featuring a luxurious soaking tub and separate shower. The bedrooms are generously sized and versatile, offering plenty of space. The upstairs also provides a spacious loft that has multiple uses. Enjoy outdoor living on the back patio, perfect for dining and relaxation. All your toys will fit in the 3-car tandem garage. You’ll enjoy easy access to nearby parks, walking trails, shopping, and nearby attractions including Horsetooth Reservoir, Spring Canyon Park, and CSU.

Angie Clauser | MLS#1021544

The post New Listings – October 2024 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Q4 2021 Colorado Real Estate Market Update

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The following analysis of the Metro Denver & Northern Colorado real estate market 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 Real Estate agent.

 

Regional Economic Overview

Following a decent summer when Colorado added around 14,000 jobs each month, the pace of recovery has slowed. That said, the latest data shows that more than 320,000 of the 376,000 jobs shed due to the pandemic have now returned. The state still needs to add a little more than 54,000 jobs in order to get back to pre-pandemic employment levels. Even though there has been a slowdown in the job recovery, which is likely due to the rise of new COVID-19 variants, I am still forecasting the state will return to its prior employment peak by the end of the summer. As jobs return, the employment rate continues to drop; it was 5.1% in November, well below the pandemic peak of 12.1%. Although it would be nice to see a lower rate, more people have returned to the workforce and are actively looking for work, which can stall job growth rates. From a regional perspective, unemployment levels range from a low of 3.8% in Boulder, to a high of 5.2% in Grand Junction.

 

Colorado Home Sales

❱ In the final quarter of the year, 11,714 homes sold, representing a drop of 5.3% compared to the fourth quarter of 2020 and a drop of 17.6% compared to the third quarter of the year.

❱ While sales slowed region-wide, 4 of the 12 counties included in this report actually experienced significant sales increases.

❱ I’m not concerned that sales slowed compared to third quarter, as seasonal factors were likely the cause. It’s also likely that the year-over-year decline was due to the fact that there were 30% fewer homes for sale in the fourth quarter of 2021 than there were the previous year.

❱ Pending sales, which are an indicator of future closings, fell 29% compared to the third quarter, suggesting that closings in the first quarter of 2022 may also be light.

 

 

A bar graph showing the annual change in home sales for various counties in Colorado during the fourth quarter of 2021.

 

Colorado Home Prices

A map showing the real estate market percentage changes in various counties in Colorado during the fourth quarter of 2021.

 

❱ The pace of home-price growth continued to slow, albeit modestly. The average sale price rose 14.8% year over year, to an average of $610,275. Prices also rose .8% from the previous quarter.

❱ Boulder County’s price growth was noteworthy, but of even greater interest was that average sale prices are holding above the $1 million ceiling.

❱ Year-over-year, prices rose across all markets covered by this report, with double-digit gains in all but three counties.

❱ The number of homes for sale remains woefully low in most areas, which continues to put upward pressure on home prices. That said, the pace of appreciation slowed through most of 2021. This trend is likely to continue in 2022.

 

A bar graph showing the annual change in home sale prices for various counties in Colorado during the fourth quarter of 2021.

 

Days on Market

❱ The average number of days it took to sell a home in the markets contained in this report fell five days compared to the final quarter of 2020.

❱ The length of time it took to sell a home dropped in every county other than Clear Creek County compared to the same quarter a year ago.

❱ It took an average of only 21 days to sell a home in the region. Although the pace dropped year over year, it rose 9 days compared to the previous quarter.

❱ Ongoing supply limitations and strong demand have caused the pace of sales to remain brisk. That said, the length of time it took to sell a home rose compared to the third quarter. I don’t think this is a major concern and can likely be attributed to seasonal factors.

 

A bar graph showing the average days on market for homes in various counties in Colorado during the fourth quarter of 2021.

Conclusions

A speedometer graph indicating a seller's market in Colorado during the fourth quarter of 2021.

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.

Inventory is still lacking, which is causing prices to rise at well-above-average rates. That said, despite how few homes are for sale, the pace of appreciation has been slowing and will likely continue to do so as mortgage rates climb.

My current forecast is for 30-year rates to stairstep higher as we move through the year, which will act as a headwind to price growth. Although I do not see rates getting above 4% until 2023, the increase in borrowing costs will start to have a greater impact on home prices.

In addition to rising mortgage rates, the significant growth in prices over the past year has started to impact housing affordability. Although the market will continue to perform well, rising financing costs and lower affordability may slowly move the market back toward some sort of balance.

All things considered, I am moving the needle a little toward buyers, but it still heavily favors home sellers.

 

About Matthew Gardner

Matthew Gardner - Chief Economist for Windermere Real Estate

 

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.

The post Q4 2021 Colorado Real Estate Market Update appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Record Highs

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While our temperatures felt like record lows this week, real estate prices have been hitting record highs along the Front Range.

 

Here is the average price for residential sales so far this year in each of our Front Range markets (includes both single-family and multi-family):

 

  • Fort Collins = $567,000
  • Loveland = $449,000
  • Windsor = $537,000
  • Greeley = $376,000
  • Metro Denver = $544,000

 

These prices are generally up 10% or more compared to last year.

 

If you are curious to know what your personal property is worth today, even if you aren’t considering moving any time soon, we are happy to do the research for you.  Just let us know!

hot

At Windermere Real Estate we are taking Social Distancing very seriously and are following our Safe Showings protocol.

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

Days of Inventory

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In the residential real estate industry, inventory is typically measured in months.

 

For example, the definition of a “sellers’ market” is when there is less than 4 months of inventory on the market.  Meaning, at the current pace of sales, it would take less than four months to sell all the homes currently for sale.

 

Today it makes more sense to measure inventory in days instead of months.

 

Here is the number of residential properties currently listed for sale in each market:

 

  • Larimer County = 255
  • Weld County = 261
  • Metro Denver = 1,645

 

Here is the current pace of sales in each market:

  • Larimer County = 10/day
  • Weld County = 10/day
  • Metro Denver = 112/day

 

So, at the current pace of sales, this is how long it would take to sell all the residential properties currently for sale in each market:

  • Larimer County = 26 days
  • Weld County = 27 days

Metro Denver = 15 days

measuring

 

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

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

Q4 2020 Colorado Real Estate Market Update

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Economic Report
by Matthew Gardner

The following analysis of the Metro Denver & Northern Colorado real estate market 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.

 

REGIONAL ECONOMIC OVERVIEW

The job recovery that appeared to be firmly in place in the summer has started to wane. Though Colorado has recovered more than 209,000 of the jobs lost due to COVID-19, employment levels remain almost 210,000 below the level seen last February. Even with employment growth stalling, the unemployment rate stands at a relatively respectable 6.4%, down from a peak of 12.2%. Regionally, unemployment levels range from a low of 5.4% in Boulder to a high of 6.9% in Greeley. Rising COVID-19 infection rates continue to impact the job recovery, and I do not see much in the way of palpable improvement until a vaccine becomes freely available, likely in the second half of this year.

COLORADO HOME SALES

❱ In the final quarter of 2020, 12,207 homes sold. This represents an increase of 21.8% compared to the fourth quarter of 2019, but 19% lower than in the third quarter. I am not concerned, though, because seasonal influences tend to impact sales in the winter.

❱ Sales rose in all markets other than El Paso compared to the fourth quarter of 2019. I believe sales are only limited by the number of homes on the market.

❱ Inventory levels remain well below what I would like to see. The average number of homes on the market in the fourth quarter was down 55% from the same period in 2019.

❱ Pending sales were 34% lower compared to the third quarter. Again, seasonality and a lack of homes to buy impact this figure. Pending sales are still 13% higher than a year ago.

Colorado Counties Graph

COLORADO HOME PRICES

Price appreciation in various Colorado counties.

❱ Home prices rose significantly in the fourth quarter, with the average price increasing 13.7% year-over-year to $532,492. Prices were up 1.8% compared to the third quarter of this year.

❱ Interest rates are unlikely to drop much further and this will lead price growth to slow as we move through 2021.

❱ Year-over-year, prices rose across all markets covered by this report, with significant appreciation in Clear Creek, Gilpin, Park, and El Paso counties. Every county but Arapahoe saw double-digit price gains.

❱ Affordability in many Colorado markets remains a concern as prices continue to rise at well-above-average rates. That said, I anticipate we will see price growth moderate in 2021.

A bar graph showing the annual change in home sale prices in various Colorado counties.

DAYS ON MARKET

❱ The average number of days it took to sell a home in the markets contained in this report dropped 15 days compared to the final quarter of 2019.

❱ The amount of time it took to sell a home dropped in every county contained in this report compared to the fourth quarter of 2019.

❱ It took an average of 26 days to sell a home in the region, down 3 days compared to the third quarter of 2020.

❱ The Colorado housing market continues to demonstrate solid demand, and buyers are clearly competitive as suggested by the short length of time it is taking to sell a home.

A bar graph showing the average days on market for homes in various Colorado counties

CONCLUSIONS

A speedometer graph indicating a seller's market in Colorado.

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.

Home sales and prices are significantly higher than a year ago, and demand for housing is very much in place. Naturally, this favors home sellers who are still in control of the market. I do expect to see some improvement in listing activity this year, which, in concert with modestly rising interest rates, will likely start to take some of the steam out of the market. However, any moderation in the market has yet to appear. Even given the possible headwinds mentioned above, I am moving the needle a little more in favor of sellers, as demand is likely to exceed supply for the time being.

 

ABOUT MATTHEW GARDNER

Matthew Gardner - Chief Economist for Windermere Real Estate

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.

The post Q4 2020 Colorado Real Estate Market Update appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Bubble Talk

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A hot topic of conversation these days is the prospect of another real estate bubble.  People wonder if prices can continue at their current pace and some fear a repeat of 2008.

 

Because we get asked about this topic so often from our clients, we thought it would make sense to ask our in-house expert, Matthew Gardner.

 

Matthew is our Chief Economist and was our Keynote Speaker at the Windermere Annual Market Forecast.

 

During the Forecast presentation, he discussed the bubble concerns and laid out his reasons why he sees no potential of prices bursting along the Front Range.

 

Quite the opposite actually, he sees that prices will continue to go up, but just not as fast as they have been.

 

His reasons for no bubble bursting are as follows:

  • Record-low inventory – prices cannot crash without a glut of supply on the market
  • Highly-qualified buyers – lending guidelines are more stringent today than they have been in our lifetime
  • Growing jobs – job growth in Colorado is projected to far outpace the national average this coming year

So, we project a healthy real estate market in 2021.

To see a replay of the Forecast presentation, simply reach out to us, we would be happy to send you the recording.

blowing bubbles

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

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

Bubble Talk

/in , , , , , , , , , , , , , , , /by

A hot topic of conversation these days is the prospect of another real estate bubble.  People wonder if prices can continue at their current pace and some fear a repeat of 2008.

 

Because we get asked about this topic so often from our clients, we thought it would make sense to ask our in-house expert, Matthew Gardner.

 

Matthew is our Chief Economist and was our Keynote Speaker at the Windermere Annual Market Forecast.

 

During the Forecast presentation, he discussed the bubble concerns and laid out his reasons why he sees no potential of prices bursting along the Front Range.

 

Quite the opposite actually, he sees that prices will continue to go up, but just not as fast as they have been.

 

His reasons for no bubble bursting are as follows:

  • Record-low inventory – prices cannot crash without a glut of supply on the market
  • Highly-qualified buyers – lending guidelines are more stringent today than they have been in our lifetime
  • Growing jobs – job growth in Colorado is projected to far outpace the national average this coming year

So, we project a healthy real estate market in 2021.

To see a replay of the Forecast presentation, simply reach out to us, we would be happy to send you the recording.

blowing bubbles

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

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

Our Commitment to Change: A Message to Our Community

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For nearly 50 years Windermere has been deeply rooted in the communities where we do business. However, the resurgence of the Black Lives Matter movement has made us realize that our roots don’t extend as deep as we thought. It also made us realize that over the decades, the real estate industry has played a significant role in exacerbating systemic racism through redlining and steering, which has prevented many members of historically marginalized communities from building wealth through homeownership.
This summer, we began a robust diversity, equity, and inclusion journey supported by an organization called Moving Beyond that specializes in helping companies integrate and operationalize DEI. Next, we formed two internal workgroups, with a diverse makeup of Windermere franchise owners, managers, agents, and staff to guide and implement DEI efforts across our 10-state organization.
Following three months of collective conversations, we have identified several short- and long-term initiatives on which to focus – all with the aim of building a diverse organization that fosters a sense of belonging and provides equal opportunity across all aspects of homeownership for people of color. Some of these activities can be acted upon right away, as we develop a long-term strategic direction for our DEI efforts.
We’re committed and in it for the long haul, and believe transparency is a critical part of this journey, so here is an update about our goals and progress thus far:
● In August, we conducted an internal survey among our owners, managers, and staff, to create a benchmark of where we are as a company and help guide the direction that we need to take to advance our DEI initiatives. An agent survey is forthcoming in 2021.
● We are producing informational content related to CC&Rs to educate homeowners on how to remove racially restrictive language from their title reports in the 10 states where Windermere operates.
● We are working with an advertising agency that specializes in inclusive and future-forward marketing to evaluate our digital marketing products through a DEI lens.
● We have designated funds for a scholarship program that invests in people of color who want to work in real estate, and are designing training and mentoring programs to aid in their success.
● We are building internal DEI training and development programs, starting with franchise owners, managers, and staff, with plans to expand to agents in 2021.
● We are analyzing our hiring processes to ensure broader representation by people of color.
● We’re generating insights from all these efforts to help us develop a set of thematic pillars to guide our DEI goals and strategy over the long term.
● We’re planning on listening sessions this fall for the Windermere community to continue to have input in this process.
This is just the beginning of what we know will be a long-term journey of awareness and accountability. We are focused and determined to do our part to address discrimination, racism, and inequity within Windermere and the real estate industry. Our efforts stem from the recognition that there is a long history of housing discrimination in the United States and that the inequality in homeownership has deepened the racial divide. Through our work, we hope to play a role in finding ways to correct these inequalities. We realize we were late to this movement and should’ve spoken up sooner, but our eyes are open, and we are committed to leading the way towards positive change from here on out.

The post Our Commitment to Change: A Message to Our Community appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Windermere is Now on Spotify!

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Spotify

Americans spend about 32 hours a week listening to music, and for Millennials that number is even higher. Since so many activities connected to our homes are enhanced by music, we want to fuel the joy and memories of those experiences through home-inspired playlists on our very own Spotify channel.

Check out Windermere’s new Spotify channel where you can find playlists for every aspect of what it means to be home. Cleaning house? Check. Hosting a dinner party? Check. Chilling on the front porch? We have tunes for that too, and more. We invite you to follow, share, and enjoy!

Start following the Windermere Spotify channel today!

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