Blog • Fun Facts • Windermere Real Estate • August 14, 2020

At Least List

by Windermere Windsor

Periodically we track a stat which we find to be quite interesting.

It answers this question – how many properties are selling for at least list price (asking price or higher)?

This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a competitive situation.

When we look at single-family home sales so far this month, this is what we find:

57% of properties in Larimer County sell for at least list price
62% of properties in Weld County sell for at least list price

So, in well over half of the transactions, buyers need to offer list price or higher to acquire the property.

The data gets even more interesting when this information is broken out by price range.

To no one’s surprise, the percentage increases for properties priced under $400,000:

81% in Larimer County
70% in Weld County

We find that for properties over $400,000 the percentages still tell a story of a very active market:

47% in Larimer County
56% in Weld County

Bottom line, in most locations and price ranges we see a strong sellers’ market where buyers need to be prepared to make a strong offer and to also compete.

Continue reading →

For Buyers & Sellers • Home Owners • Northern Colorado Real Estate • Windermere Real Estate • May 2, 2018

10 Key Qualities to Look for When Selecting an Agent

by Windermere Windsor

Buying a home is one of the most significant financial and emotional purchases of a person’s life. That’s why it is so important to find an agent that can not only help you navigate the home search process but one who can also answer your questions and represent your needs from start to finish. Most importantly, your agent should care about your happiness and ensuring that you find the home that best fits your needs.

Here are some qualities to consider when selecting a real estate agent:

Likable. More than likely, you will be spending a lot of time with your agent, so look for someone that you enjoy interacting with.
Trustworthy. One of the best ways to find an agent who you feel you can trust is to ask friends and family for a referral. Another way to do this is to interview different agents and ask for client references.
Effective listener. While your agent can’t read your mind, they should be able to make educated recommendations and offer advice by listening closely to your needs. Make sure you talk to your agent about your priorities, what types of features appeal to you, as well as any factors that could be deal breakers. This will arm your agent with everything they need to help find you the perfect home.
Qualified and experienced. Make sure your agent has the qualifications and experience to meet your specific needs. For example, some agents have more experience with short sales, while others might be experts on certain neighborhoods or types of housing. Your agent should also be fully trained in contract law and negotiations.
Knowledgeable. A great agent is someone who is out in the neighborhoods, exploring communities, visiting listings, performing marketing analyses, and collecting all the information that you need to make an informed, confident decision about your real estate needs.
Honest. Your agent should be upfront and honest with you about every aspect of your home search process – even if it involves delivering bad news. The best real estate agents are more concerned about finding the right home for their clients, not just the home that brings in the fastest commission check.
Local. Every community is different and all real estate is local, so it’s important to find someone who really knows the local market and can provide you with whatever information you need to familiarize yourself with a particular area.
Connected. A well-connected agent will have relationships with lenders, inspectors, appraisers, contractors, and any other service provider you might need during your home search.
Straightforward. You want an agent who will work hard to help you find the best home, but you also want someone who will be straightforward with you about the process, the market reality, and what is realistic for you.
Committed. Your agent should be in it for the long haul, meaning that they’re looking out for your best interests every step of the way, no matter how long the process takes. The best way to find an agent with these qualities is by asking around. In all likelihood, someone within your circle of friends or family will have experiences to share and professionals to recommend. You can also search for agents based on area, so you know you’re getting someone who is knowledgeable about the neighborhood(s) you’re interested in.

Northern Colorado Real Estate • April 24, 2018

Most Active

by Windermere Windsor

Here’s a question we sometimes hear…

“What is the most active price range in our market?”

For most of Northern Colorado, the range of $300,000 to $500,000 is far and away the most active (no surprise there). For example, in Fort Collins there are more than three times as many sales in this price range compared to the range of $500,000 to $700,000.

The one exception is Greeley. In Greeley the most active price range is under $300,000. This price range has twice as many sales as the $300,000 to $500,000 range. Why is this true for Greeley and not other places? You guessed it – it’s because the other locations don’t have much inventory under $300,000.

It’s interesting to note that in Fort Collins there are more sales in the $500,000 to $700,000 range than the under $300,000 range. This was not the case even one year ago.

The market is changing right before our eyes.

Northern Colorado Real Estate • April 20, 2018

Most Active

by Windermere Windsor

Here’s a question we sometimes hear…

“What is the most active price range in our market?”

It’s interesting to note that in Fort Collins there are more sales in the $500,000 to $700,000 range than the under $300,000 range. This was not the case even one year ago.

The market is changing right before our eyes.