Our Forecast

This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins.

Thank you to the 700 people who attended. We appreciate your support!

In case you missed the events, here are some highlights including our forecast for price appreciation in 2019:
• In 2018 Prices went up:
o 8% in Fort Collins
o 8% in Loveland
o 8.5% in Greeley
o 8% in Metro Denver

Inventory is (finally) showing signs of increasing:
o Up 25% in Northern Colorado
o Up 45% in Metro Denver

• There are distinct differences in months of inventory across different price ranges = opportunity for the move up buyer.

• There are several reasons why we don’t see a housing bubble forming:
o New home starts along the Front Range are roughly 60% of pre-bubble highs 14 years ago.
o Americans have more equity in their homes than ever, $6 Trillion!
o The average FICO score of home buyers is significantly higher than the long-term average.
o The home ownership rate is back to the long-term average.

• Our 2019 Price Appreciation Forecast:
o 6% in Fort Collins
o 6% in Loveland
o 7% in Greeley
o 6% in Metro Denver

If you would like a copy of the presentation, go ahead and reach out to us. We would be happy to put it in your hands!

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Beautiful Ranch Style Home Located in desirable Governors Ranch!

This beautiful ranch style home at 1390 Settlers Dr has a spacious and open floor plan with enough bedrooms and bonus space for all of your needs. A large flagstone patio in the front and concrete patio in the back offer lots of options for spending time outdoors. The enclosed sun-room allows you to enjoy all 300+ days of sunshine Colorado has to offer. The front bonus room could be used as a study or formal dining room, which ever works best for your lifestyle. Contact Anali Siegle for your private showing at (970) 829-8818 for more information or click the link below for more details.

http://windermerenoco.com/listing/90034795

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Upscale Two Story Home in Hunters Run!

This high end “Smart Home” at 3389 New Castle Dr comes with open floor plan nestled by the foothills. Complete with 4 bedrooms each with their own bathroom, a loft, mountain views & over 5,000 Sq ft of living space. High end finishes include granite counter-tops, hardwood floors, stainless steel appliances and a large master suite with 2 walk-in closets. The exterior boasts a large lot that backs to the neighborhood trail. Down the street you’ll find the community pool, playground and easy access to Mehaffey ParkContact Natalie Abraham for your private showing at (970) 815-1347 for more information or click the link below for more details.

http://windermerenoco.com/listing/90029957

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More Choices

Great news for buyers! There are more homes to choose from. It seems there is relief from the days of drastically low inventory levels.

Compared to a year ago, residential inventory levels are up:
• 9% in Northern Colorado (Larimer & Weld Counties)
• 45% in Metro Denver (wow!)

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You can get many more fun facts like these plus get our predictions on the 2019 market by joining our annual Market Forecast. Just click the link below!

https://www.eventbrite.com/o/windermere-real-estate-12011801121

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Fantastic Ranch Style Town-home in Fort Collins!

This fantastic end unit town-home at 3549 Red Mountain Dr features an open floor plan, a spacious kitchen, vaulted ceilings, a main level master, and a second bedroom or office. Fully finished basement with three additional bedrooms, bath, and sprawling recreation room. One car detached garage, carport and additional parking. Newer furnace, AC, paint and flooring. Super close to schools, shopping, and public transportation. Contact Jon Holsten for your private showing at (970) 237-2752 for more information or click the link below for more details.

http://windermerenoco.com/listing/89765933

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Waiting and Waiting

Anytime the market cools off we sometimes hear prospective buyers say “I think I’ll wait for the market to correct, then I’ll buy after prices come way down.”

The reality is this… History shows that this wouldn’t be a good strategy.

Our go-to source on price appreciation is the Federal Housing Finance Authority who produces a quarterly home price index.  They have been tracking Larimer County for 41 years.

Their numbers show:

  • Yearly prices have decreased only 6 times in history
  • The average amount of that decrease is only 1.7%

So, someone who is waiting for prices to drop:

  • Might be waiting a long time
  • Might be disappointed that prices didn’t drop by all that much

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Fantastic Move in Ready Ranch Style Home in Loveland!

This fantastic ranch-style home on a cul-de-sac at 2650 W 44th St in Loveland’s popular Mountain Vista neighborhood comes with an open floor plan, updated kitchen, and an updated main level bathroom. Two bedrooms on the main level and a third with a rec room and full bath in the basement. Enjoy entertaining and relaxing in the low-maintenance, fully-fenced back yard. Contact Jon Holsten for your private showing at (970) 237-2752 for more information or click the link below for more details.

http://windermerenoco.com/listing/89102458

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Good Loan News

 

Here are two recently-announced pieces of really good news for home buyers.

• The Colorado Housing and Finance Authority recently raised the income limit for their down payment assistance program to $115,600.

Now more people can get help with a down payment.

• Fannie Mae and Freddie Mac raised their conforming loan limits so that more people can use a conforming loan and not be forced to use a ‘jumbo’ loan.

Contact us if you would like to hear how these pieces of news could help you.

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Beautiful Main Floor Condo in Fort Collins!

2133 Krisron Rd #E101 presenting a rare main floor condo, centrally located in Sidehill. This well-kept unit offers numerous upgrades; hardwood floors, granite counters, upgraded maple cabinets, Tile back splash, stainless steel appliances, 2 bedrooms, 2 baths, full size washer & dryer, custom paint, a cozy tiled fireplace and central AC, all overlooking open space and the pool. There is one covered parking space. Incredible location close to shops, entertainment and recreation. This is a truly special place. Contact Will Flowers for your private showing at (970) 227-0640 for more information or click the link below for more details.

http://windermerenoco.com/listing/88768837

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Well Maintained Ranch Style Home in Evans!

The bones of this ranch home in Evans at 3834 Belmont Ave is well maintained with only one neighbor with vacant land to the south. Very large kitchen with tile floors, and two living rooms! Great big backyard. Home is close to shopping, with easy access to Highways 85 and 34. Roof will be new before closing. Seller has loved living in this home for a long time, and it’s ready for your vision to make it your own. Come see it today! Contact Paul Hunter for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/88746714

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