Friday Fun Facts – The Holidays are the Best Time to Purchase!

Time for New

Here is a fact…

If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen.

Here’s why…

Many builders have year-end goals and sales quotas to hit.  If they have a “standing inventory” of homes that are completed but not sold, they are typically motivated to sell these homes by the end of the year.

This dynamic can be especially true for publicly-traded builders who are even more motivated to hit year-end sales numbers.

Up and down the Front Range there are beautiful new homes in fantastic neighborhoods.  The builders of these homes may be happy to make concessions and provide incentives as long as you close by year-end.

We just recently helped a buyer with a very compelling incentive package from a builder which included a lower price, additional landscaping and window coverings.

If you would like more details about these kinds of opportunities, reach out and we can help.


If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.


 

Posted on November 1, 2019 at 1:12 pm
John Taylor | Category: For Buyers, fun facts, Housing Trends | Tagged , ,

Current Price Range in Northern Colorado

What is the most active price range in Northern Colorado? 

Take a guess…

  • $300,000 to $400,000
  • $400,000 to $500,000
  • $500,000 to $750,000
  • $750,000 and above

By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and above.

However, this lower price range does not have the most inventory.  The price range with the greatest selection of homes is $500,000 to $750,000.

 

Posted on October 25, 2019 at 5:09 pm
John Taylor | Category: For Buyers, fun facts, Housing Trends, market news, Northern Colorado Real Estate | Tagged , ,

Friday Fun Facts – Net Worth

Check out these numbers from the Federal Reserve’s Survey of Consumer Finances:

  • Median Net Worth in the U.S. = $97,300
  • Median Net Worth of a Renter = $5,200
  • Median Net Worth of a Homeowner = $231,4009W7amgJuvzwLY364mQBpOrwNOX7iAw-zMWpYgLHM8iao8asauzzK5C1JI5hAWEj8FHftjLiRVGa22wB8elNx0kErizB3H7jbnx2xPeD29dBd4hrk-hbCuIgJTO7f4y9bs0-d-e1-ft.png

If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.

Posted on October 11, 2019 at 7:39 pm
John Taylor | Category: For Sellers, fun facts, Housing Trends | Tagged , , , , , , , ,

Big Bounce

Seventy-five major metro markets have seen home prices bounce back to above their pre-recession peaks.


Metro Denver has seen the biggest bounce with home values 91% above its previous high in 2007 , according to the Home Price Recovery Index from HSH.com.

“Aside from routinely strong home price appreciation, it’s important to know that the Denver metro’s housing ‘bust’ in 2008 was relatively short and shallow,” said Keith Gumbinger, the report’s author.

The peak-to-trough for home values was only three years long and the total decline in value was just under 8 percent in Metro Denver, he said.

By contrast, a half-dozen large metros have seen home prices more than double from their lows and still not reach the old highs. On that list are Las Vegas, Sacramento, Calif, and Cape Coral, Fla.

 

Posted on September 27, 2019 at 5:34 pm
John Taylor | Category: Economy, For Sellers, fun facts, Housing Trends | Tagged , , , , , , , , , , ,

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The Windermere Hub App gives you access to the latest and most important news and information about Windermere. No matter where you are, you can stay connected, informed, and keep your pulse on the latest at Windermere whether it be by reading updates about the company or checking out the latest social content.

                      

Posted on August 28, 2019 at 4:47 pm
John Taylor | Category: For Buyers, For Sellers, market news, Northern Colorado Real Estate, Windsor Real Estate | Tagged

See what my clients are saying on Google!

Click the link to access all

25 of my 5-Star Reviews!


Star Carson – August 25, 2019

John was super helpful! We were out-of-state buyers who didn’t know the area very well, so he took his time showing us different areas In good school districts. He made sure the process flowed smoothly, which took the stress off of us. Would definitely work with again!

Cesar Gonzalez – August 25, 2019

John helped us purchase our first home from start to finish and we couldn’t be happier. He even helped us find the perfect mortgage broker for our situation. He went above and beyond to make sure we were satisfied with our new home.


I am passionate about helping my clients realize their dreams, whether you are a first time home buyer, investor, seeking your dream home or a special property in the colorful Colorado countryside. I will meet you wherever you are in the process, and match your sense of urgency with a commensurate level of communication.

– John Taylor, 970-541-1003, jt@realtorjohntaylor.com

Posted on August 26, 2019 at 5:29 pm
John Taylor | Category: For Buyers, For Sellers, fun facts, Northern Colorado Real Estate, Uncategorized | Tagged ,

Home-ownership Rate

An interesting stat which can give some insight to the national market is the Home-ownership Rate.

It simply looks at the percentage of Americans who own their home instead of rent.

The most recent report from the Census Bureau shows the rate at 64.2%.

Most importantly, this number is showing stability after many years of change.

After many years of hovering around 64%, the Home-ownership Rate started increasing in 1996 and reached as high as 69.5% in 2005.

2008 started several years of declining back to the pre-1996 levels of 64%.

So today it’s back to what seems to be “normal” based the long-term average.

Posted on August 1, 2019 at 3:30 pm
John Taylor | Category: fun facts | Tagged , , , , , , , , , ,

Compound Effect

If you have driven on I-25 lately you may have noticed that the Front Range is a popular place.

The projections show that it will only get more popular in the future.

Today, 4.8 million people live along the Front Range from Fort Collins down to Pueblo.

In 2030, just 11 short years from now, 5.7 million people will live here. Yes, that’s almost 1 million more than today.

This is all according to the Colorado State Demographers Office.

While this seems like a big increase, keep in mind that this assumes that population growth occurs at a fairly modest 1.7% per year.

It seems that our state will continue to grow and there will continue to be a demand for housing.

Posted on July 25, 2019 at 3:30 pm
John Taylor | Category: fun facts | Tagged , , , , , , , , , , ,

Sign Surprise

Given how active our market is today and has been over the last few years, many people assume that virtually every home with a “For Sale” sign in the front yard is already under contract.

 

They are surprised to learn that, in most cases, the “For Sale” sign does indeed represent a home that is actively for sale.

 

For example, today in Fort Collins there are 655 single-family homes on the market. 290 of these are under contract and will be closing soon. 365 of these are still active. So, 56% of the signs in Fort Collins are in front of homes that are still available.

 


Here are the specific numbers for each of our Northern Colorado markets:
• Fort Collins = 56%
• Loveland = 57%
• Windsor = 58%
• Greeley = 41%

Posted on July 23, 2019 at 3:30 pm
John Taylor | Category: fun facts | Tagged , , , , , , , , , , , , , , ,

Over List

A statistic we keep our eye on is the percentage of homes which sell for at least list price.

In a robust, healthy, market with lower inventory, we will frequently see homes selling for their asking price or even higher.

 

Here are the number of sales that occur for list price or higher in each of our major markets:

• Fort Collins = 60%
• Loveland = 60%
• Greeley = 71%
• Windsor = 56%

 


There are a couple of things we notice about these numbers. First, well over half of all sales are for at least list price. This means that a buyer needs to be prepared to make a full price offer (or higher) in most cases. This also means that if a seller is priced right and marketed effectively, they should achieve their asking price.

We also notice that these percentages are lower than one year ago. In 2018 these numbers were 5% to 10% higher in each market. This is good news for buyers of course because the bidding wars are not as intense as last year.

Posted on July 1, 2019 at 3:30 pm
John Taylor | Category: fun facts | Tagged , , , , , , , , , , , , , , ,