Better-than-new! Wood floors have been added, granite countertops, built-in desk added, full unfinished WALK-OUT basement for future expansion. Three season covered deck features indoor/outdoor fireplace. Energystar 3.0 construction. Easy/quick commute to I-25. All kitchen appliances stay. Windermere Certified Listing!
Featuring 3 Bedrooms, 3 Bathrooms And An Indoor/Outdoor Fireplace!
Is the same thing happening in Northern Colorado?
Are the Larimer and Weld County markets showing signs of slowing?
Here’s the deal…
The Denver Post article points to the difference in number of transactions between June and July of this year. It’s no surprise to us that July had fewer closings.
What’s true in Metro Denver is also true in Northern Colorado – June tends to have more closings than any other month during the year so of course July will be slower.
What we do notice when we look at the numbers is that the difference between June and July is significant.
In all major markets in Northern Colorado, the difference between June and July is the greatest it has ever been in the last four years.
For example, in Fort Collins, July had 18% fewer closings than June, whereas last year the difference was 9%. In Greeley the difference this year was 16% while last year was only 5%.
A month over month difference does not necessarily indicate a long-term trend. However, there is a difference compared to last year which should be welcome news to buyers who have been waiting for a slow down.
We have just completed a comprehensive report for anyone thinking about selling their home.
The Insider’s Guide to Selling Your Home (without any stress or surprises) is now available for you.
It is hot off the press and you can request a copy by emailing firstname.lastname@example.org
Contact me to get your copy immediately so you can see everything you need to know to sell your home in today’s market.
The kitchen is one area of the home that sees the most wear and tear. All the water, heat, and food spills add up quickly so it’s important to focus on quality and lasting appeal when you’re choosing materials for a kitchen remodel. Here are a few things you should avoid:
Cheap Laminate Countertops: The bottom rung of laminate is extremely susceptible to wear and tear. It can melt if you forget to place a hot pad under a pan that’s fresh out of the oven and the edges can chip off from repeated exposure to moisture and heat.
Flat Paint: A flat or matte finish is great in rooms with lower traffic, but it’s a bad idea in the kitchen where the walls are regularly exposed to splatters and spills. You need paint that can withstand an occasional heavy scrubbing, so opt for gloss or semi-gloss finishes.
Trendy Backsplash: If you watch any home remodeling show, you’ll certainly see kitchens with expensive, elaborate backsplash designs and materials. Those trends can be pricey to pursue and can look dated in a hurry. Subway tile is a cheaper, classic option that you’ll never regret, plus you’ll have more room in your budget to purchase quality materials to be used elsewhere.
Cheap Flooring: Just like the countertops, your kitchen floor needs to be strong enough to take some abuse. Cheap flooring easily scuffs and peels (especially from moisture). Quality flooring is worth the investment.
What if we told you there is a real estate market that has seen a 300% increase in sales volume in only 5 years?
What if we told you that market was right in our back yard?
The market is Wellington and what is happening there is extraordinary.
Because price increases in Fort Collins have eliminated virtually all options for the sub $300,000 buyer, Wellington has become a very popular place to buy a home.
In June of 2012, the average price there was $185,000. Today it is $300,500!
In 2012 there were 222 residential sales in Wellington. This year is on pace to ecliplse 500.
Yes, Wellington has exploded and we don’t see it slowing down any time soon!
To see homes that are for sale in Wellington, just click here: www.WindermereNoco.com/WellingtonHomesForSale
Fun fact about Wellington:
The Town of Wellington was an oil, coal and agricultural hub throughout the 1800s and became a stopping location for wagon trains, travelers, and military movement between Cheyenne, Wyoming and Fort Collins, Colorado. The town was founded in 1902, incorporated in 1905 and named after C.L. Wellington, an employee of the Colorado and Southern Railroad.
Around the same time the population began to grow in Wellington, woolly mammoth remains were discovered by a construction crew while digging foundations for new homes. The remains were carefully excavated by a University of Colorado team while residents watched with excitement. Unfortunately, after being taken back to the University for further examination, the tusks were dropped and shattered on a floor. In recognition and remembrance of this event, the subdivision where they were found named a street Mammoth Circle.
Wellington maintained a population around 500 throughout the 20th century and grew to about 1,000 until the early 2000s. Today, Wellington is home to a population of nearly 8,300 residents.
Fun Facts & Image Source: www.townofwellington.com
|Thanks to Gateway Mortgage Group: http://www.gatewayloan.com/
As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that:
“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”
Though that statement is correct, we must realize that just catching prices of a decade ago does not mean we are at bubble numbers. Here is a graph of median prices as reported by theNational Association of Realtors (NAR).
We can see that prices rose during the early 2000s, fell during the crash and have risen since 2013.
However, let’s assume there was no housing bubble and crash and that home prices appreciated at normal historic levels (3.6% annually) over the last ten years.
Here is a graph comparing actual price appreciation (tan bars) with what prices would have been with normal appreciation (blue bars).
As we can see, had there not been a boom and bust, home values would essentially be where they are right now.
Featuring 4 Bedrooms, 3 Bathrooms, A Spacious Floor Plan And A Finished Basement!
Windermere Certified Listing! This beautiful ranch style home is close to trails and parks. Boasting plenty of room to entertain with the bright open floor plan and awesome outdoor living area. Bring your projects and let your creativity flourish in the large finished basement craft room. New carpet and new radon mitigation system. Pre-inspection will be provided upon request.
For more information, please visit: http://meagan-griesel.com/listing/59764574 or call Meagan Griesel at (970) 460-3033.
The 1% and the 10%
Did you know that in most Northern Colorado communities, $1,000,000-plus sales make up about 1% of all transactions?
For example, so far this year in Fort Collins, 897 homes have sold and 9 of those were for at least $1,000,000. In Windsor, there have been 274 total sales and 2 over $1,000,000.
But, there is one place that drastically bucks this 1% trend. Can you guess where it is?
In Timnath, roughly 10% of all sales pass the $1,000,000 mark.
Maybe not surprising given that the beautiful Harmony Club community is located there.
To receive a detailed look at the $1 million-plus market, contact me at MeaganG@Windermere.com and I will send you a market report.
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Featuring 2 Bedrooms, 2 Bathrooms, A Spacious Floor Plan, And A Fireplace!
Third floor condo with detached garage features a spacious floor plan. Living room features fireplace and large balcony. A detached garage and assigned parking spot included! Great location, great community, walk to Lanyon Park, biking distance to downtown. HOA includes water, sewer, trash, landscaping, and snow removal. Currently rented out until Dec 1, 2017 for $1150.
For more information, please visit http://meagan-griesel.com/listing/57618441 or call Meagan Griesel at (970) 460-3033.