Page not found – Windermere Real Estate https://windermereevergreen.com Windermere Real Estate Fri, 22 Mar 2024 02:06:09 +0000 en-US hourly 1 Five by Five https://windermereevergreen.com/2024/03/22/five-by-five https://windermereevergreen.com/2024/03/22/five-by-five#respond Fri, 22 Mar 2024 13:00:27 +0000 https://windermereevergreen.com/?p=4099 Here’s a fun fact about the current inventory along the Front Range. The number of properties for sale is five times as many versus the all-time low in 2022. And, it is one-fifth as many compared to the all-time high in 2006. Also, it is half of the long-term average. So, selection is much higher […]

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Here’s a fun fact about the current inventory along the Front Range.

The number of properties for sale is five times as many versus the all-time low in 2022.

And, it is one-fifth as many compared to the all-time high in 2006.

Also, it is half of the long-term average.

So, selection is much higher than the frenzied 2021/2022 market.

However, inventory is still very low relatively speaking.

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No Omens https://windermereevergreen.com/2024/03/15/no-omens https://windermereevergreen.com/2024/03/15/no-omens#respond Fri, 15 Mar 2024 13:00:43 +0000 https://windermereevergreen.com/?p=4093 Shakespeare famously wrote, “beware the Ides of March” in reference to March 15th. However, when it comes to luxury real estate, there doesn’t seem to be any bad news on the horizon. Instead, properties priced over $1 million are certainly on the upswing. So far this year, there have been 26% more sales of luxury […]

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Shakespeare famously wrote, “beware the Ides of March” in reference to March 15th.

However, when it comes to luxury real estate, there doesn’t seem to be any bad news on the horizon.

Instead, properties priced over $1 million are certainly on the upswing.

So far this year, there have been 26% more sales of luxury properties in Larimer County compared to early 2023.

And in Weld County, luxury property sales are up 36%.

Strength in the luxury market is certainly an indicator of the overall confidence in Northern Colorado real estate.

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Seller Beware https://windermereevergreen.com/2024/03/08/seller-beware https://windermereevergreen.com/2024/03/08/seller-beware#respond Fri, 08 Mar 2024 15:00:52 +0000 https://windermereevergreen.com/?p=4087 As interest rates have gone up, buyers’ tolerance has gone down. Generally speaking, the mindset of buyers now is dramatically different from two to three years ago. Buyers used to be more open-minded and flexible and now that has changed. Higher rates have caused them to be far less tolerant of: Aggressive pricing Wear and […]

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As interest rates have gone up, buyers’ tolerance has gone down.

Generally speaking, the mindset of buyers now is dramatically different from two to three years ago.

Buyers used to be more open-minded and flexible and now that has changed.

Higher rates have caused them to be far less tolerant of:

  • Aggressive pricing
  • Wear and tear
  • Properties in need of updates
  • Properties not staged
  • Defects and bad odors
  • Unsightly neighboring properties

Essentially, buyers are saying “If I am going to pay a higher interest rate, the property needs to be fairly priced and in very good condition.”

Sellers who are not aware of this dynamic, are the ones who have properties sitting on the market for excessive time.

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Leap Year https://windermereevergreen.com/2024/03/01/leap-year https://windermereevergreen.com/2024/03/01/leap-year#respond Fri, 01 Mar 2024 17:53:04 +0000 https://windermereevergreen.com/?p=4081 The statistic that is leaping so far in 2024 is inventory. Northern Colorado is seeing a big uptick in number of homes for sale. However, it is not an alarming amount and is still a ‘Seller’s Market’ by definition. Larimer County inventory is up 39% and Weld County is up 48%. Months of inventory is […]

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The statistic that is leaping so far in 2024 is inventory.

Northern Colorado is seeing a big uptick in number of homes for sale.

However, it is not an alarming amount and is still a ‘Seller’s Market’ by definition.

Larimer County inventory is up 39% and Weld County is up 48%.

Months of inventory is up to 2.3 in Larimer County from 1.7 months a year ago.

Weld County is also at 2.3 months today and was only 1.2 months a year ago.

With higher inventory comes more selection for buyers and more importance for sellers to price right.

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Normal Timing https://windermereevergreen.com/2024/02/23/normal-timing https://windermereevergreen.com/2024/02/23/normal-timing#respond Fri, 23 Feb 2024 15:00:07 +0000 https://windermereevergreen.com/?p=4075 After three years of abnormally low Days on Market, properties today are settling into a more normal and more reasonable length of time on the market. Days on Market today stands at: 53 Days in Larimer County 66 Days in Weld County Back in 2021, for example, Days on Market was roughly half of today’s […]

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After three years of abnormally low Days on Market, properties today are settling into a more normal and more reasonable length of time on the market.

Days on Market today stands at:

53 Days in Larimer County

66 Days in Weld County

Back in 2021, for example, Days on Market was roughly half of today’s number.

Buyers today are discerning, and proper pricing is more important than ever in order to meet a Seller’s timing goals.

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Inventory Jump https://windermereevergreen.com/2024/02/16/inventory-jump https://windermereevergreen.com/2024/02/16/inventory-jump#respond Fri, 16 Feb 2024 15:00:04 +0000 https://windermereevergreen.com/?p=4069 The most significant trend we notice 45 days into the new year is the jump in inventory. There are many more properties for sale along the Front Range compared to one year ago. Larimer County is up 40% Weld County is up 39% Metro Denver is up 35% This comes as welcome news for buyers […]

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The most significant trend we notice 45 days into the new year is the jump in inventory.

There are many more properties for sale along the Front Range compared to one year ago.

  • Larimer County is up 40%
  • Weld County is up 39%
  • Metro Denver is up 35%

This comes as welcome news for buyers as we near the Spring buying season.

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Above Water https://windermereevergreen.com/2024/02/09/above-water https://windermereevergreen.com/2024/02/09/above-water#respond Fri, 09 Feb 2024 15:38:34 +0000 https://windermereevergreen.com/?p=4063 A dynamic that gives us even more confidence about the housing market is the amount of equity that homeowners have in their property. Equity is of course the difference between the value of the property and the amount that is owed against it. In Larimer County, 53% of homeowners have at least 50% equity in […]

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A dynamic that gives us even more confidence about the housing market is the amount of equity that homeowners have in their property.

Equity is of course the difference between the value of the property and the amount that is owed against it.

In Larimer County, 53% of homeowners have at least 50% equity in their homes. In Weld County, the number is 38%.

It is interesting to note that Nationally, only 1.8% of homeowners are ‘underwater,’ meaning that the value is lower than what is owed against the property.

In 2009, 26% of homeowners were underwater.

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Forecast Takeaways https://windermereevergreen.com/2024/02/02/forecast-takeaways https://windermereevergreen.com/2024/02/02/forecast-takeaways#respond Fri, 02 Feb 2024 15:48:47 +0000 https://windermereevergreen.com/?p=4057 Here are some of the big takeaways from our annual Market Forecast with Economist Matthew Gardner: Interest rates will continue to trend down during the year and reach 6.08% by the end of 2024. Home prices will have another year of modest gains increasing 2.0% to 2.5% in Northern Colorado 53% of homeowners in Larimer […]

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Here are some of the big takeaways from our annual Market Forecast with Economist Matthew Gardner:

  • Interest rates will continue to trend down during the year and reach 6.08% by the end of 2024.
  • Home prices will have another year of modest gains increasing 2.0% to 2.5% in Northern Colorado
  • 53% of homeowners in Larimer County and 38% of homeowners in Weld County are “Equity Rich” meaning that they have at least 50% equity in their homes.
  • Inventory levels will increase in 2024 but will remain below normal which protects prices from any sort of major decline

To receive a copy of the full slide deck from the Forecast, feel free to reach out to us!

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Last Chance to Register https://windermereevergreen.com/2024/01/26/last-chance-to-register https://windermereevergreen.com/2024/01/26/last-chance-to-register#respond Fri, 26 Jan 2024 15:00:43 +0000 https://windermereevergreen.com/?p=4051 The 10th Annual Windermere Real Estate Market Forecast is coming up next week. Go ahead and register now to save your seat. Back by popular demand as our Keynote Speaker is Economist Matthew Gardner. He will answer the big questions on your mind about interest rates and price appreciation. He will also talk about the […]

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The 10th Annual Windermere Real Estate Market Forecast is coming up next week. Go ahead and register now to save your seat.

Back by popular demand as our Keynote Speaker is Economist Matthew Gardner. He will answer the big questions on your mind about interest rates and price appreciation. He will also talk about the impacts of the upcoming election on real estate. The presentation is sure to be interesting and entertaining like it always is.

We will be live on Tuesday, January 30th at the Marriott in Fort Collins from 5:30 pm to 7:00 pm. Register at www.ColoradoForecast.com.

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More Normal Range https://windermereevergreen.com/2024/01/19/more-normal-range https://windermereevergreen.com/2024/01/19/more-normal-range#respond Fri, 19 Jan 2024 15:45:28 +0000 https://windermereevergreen.com/?p=4045 The length of time that it takes for a property to sell is settling into a more normal range. “Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold. Today measurement stands at 72 days in Larimer County and 74 […]

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The length of time that it takes for a property to sell is settling into a more normal range.

“Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold.

Today measurement stands at 72 days in Larimer County and 74 days in Weld County.

From January 2021 to November 2022, Days on Market never went above 60. This time period was defined by incredibly high demand and drastically low supply.

The time frame of January 2018 to December 2020, which was more ‘normal,’ had Days on Market between 60 and 90 days.

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