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Fun Facts Record Highs 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 […]
Blog Days of Inventory 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 […]
Blog Q4 2020 Colorado Real Estate Market Update 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 […]
Blog Bubble Talk 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 […]
Blog Our Commitment to Change: A Message to Our Community 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 […]
Blog Windermere is Now on 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 […]
Blog Economic Update with Matthew Gardner Exclusive Invitation!!! Tune in on Tuesday, October 6, 2020 at 9:00am to meet with Matthew Gardner, Windermere Real Estate’s Chief Economist LIVE and get your chance to ask him questions. He’ll be discussing the housing market, employment and the effects of COVID-19 on the local and national economy. As one of the only real estate […]
Blog 6 Million The National real estate market just hit a massive milestone.   Based on the numbers through August, we are now on pace to sell 6 million homes.  This is the highest pace we have seen in 14 years.   The 6 million threshold is a big deal in the real estate brokerage world.   Each […]
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Blog Pendings are Popping Temperatures may be cooling off but the Front Range real estate market is not.   Typically the market starts to slow down a bit in the Fall after a hot Spring and Summer.   Not this year.   The indicator we use to measure future closed sales is current pending sales.   Simply, we look at […]
Blog Forbearance Falls The number of loans in forbearance just fell to their lowest level since mid-April.   This is good news for the real estate market.   Less and less people are seeking payment relief on their mortgages.   The number of loans currently in forbearance stands at 7.16%.   This news coincides with the U.S. Unemployment […]
Blog New Home Surge Sales of new homes have jumped to their highest levels in 14 years.   The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report.   This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and […]
Blog Price Report The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states.   Some significant findings from the report:   House prices have risen for 36 consecutive quarters, or since September 2011.   House prices rose […]
Blog At Least List 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 […]
Blog Rebound The Case-Shiller Home Price Index tracks appreciation in the 20 largest real estate markets across the U.S.   Their most recent quarterly report was just released this week.   Metro Denver prices are up over last year by 3.89% which is just slightly higher than the average of the 20 markets.   It is interesting […]
Blog Spring in Summer This year the Spring market is occurring in the Summer.   Typically the busiest months for real estate along the Front Range are April, May and June.   This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer.   Here’s an indicator.  Sales through July 2020 versus […]
Blog Buyer Contemplation New research from the National Association of Home Builders:   The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report.   At this time last year, 12% of Americans considered buying a home. Today the number stands […]
Blog Housing Math It’s interesting to look at what population growth means for housing.   On average, along the Front Range, 2.5 people live in each housing unit.   What that means is 4 housing units are needed for every 10 people who live here.   So, for every 1000 new people moving to our area, 400 new housing units […]
Blog More Homes Needed The market is in short supply.   More homes are needed to fulfill the need to buyer demand.   Compared to exactly one year ago, the supply of homes is down: 32.6% in Metro Denver 25.1% in Northern Colorado An interesting and useful measurement we track is months of inventory.  This stat tells how long […]
Blog Caught Up We’ve been waiting for June to catch up.  It finally happened (almost).   Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year.   Bottom line, fewer properties going under […]
Blog Rate Meaning Mortgage interest rates have hit another record low this week.   Mortgage applications for purchases just hit an 11-year high.   Rates are at a level that many people could never have imagined.   Here’s something that is surprising to many people…   Rates are 1.5% lower than they were just two years ago.   Here’s […]
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