The Wellington Explosion

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


Posted on July 7, 2017 at 8:55 pm
Meagan Griesel | Posted in Blog, Colorado Real Estate, Fun Facts, Northern Colorado Real Estate | Tagged , , ,

Are Home Prices Approaching Bubble Territory?

Thanks to Gateway Mortgage Group: http://www.gatewayloan.com/
Are Home Prices Approaching Bubble Territory? | Simplifying The Market

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).

Are Home Prices Approaching Bubble Territory? | Simplifying The Market

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).

Bottom Line

As we can see, had there not been a boom and bust, home values would essentially be where they are right now.


Posted on June 26, 2017 at 7:36 pm
Meagan Griesel | Posted in Blog, Colorado Real Estate, Fort Collins Real Estate, Loveland Real Estate, Northern Colorado Real Estate | Tagged , , , , ,

Beautiful Ranch With Lots Of Natural Light

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.


Posted on June 21, 2017 at 8:03 pm
Meagan Griesel | Posted in Loveland Real Estate | Tagged , , , , , , , , , , , ,

All About Rates

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All About Rates

Most likely you read the news that the Federal Reserve raised their discount rate by 0.25% this week.

You may not have read the news that average 30-year mortgage rates went down this week.

What gives?! How could this be?!

What you need to know is that 30-year mortgage rates are not directly tied to the Federal Funds rate. Mortgage rates follow the 10-year treasury rate

You also need to know that rates today are essentially half of thier long-term avereage.

The average rate on a 30-year loan today is 3.91%. The 40-year long term average is a little above 7%.

Even though rates are higher than one year ago, they are incredibly low when looking at the long term.

We frequently are asked “when do you think rates will go up?” We made a short video which shows you our answer.

To watch the video, click HERE

Welcome to Friday Fun Facts!

Thanks for checking out this week’s Friday Fun Facts!

These little nuggets of information are designed to inform, education and entertain you. I promise to give you some solid takeaways, based on real life with information that will keep you up-to-date.

You can expect an entertaining short video or article once a week.. If you really like it, share it with your friends!

*If this isn’t your thing, no worries – just click the unsubscribe link below.*

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Free Investor Resource

Learn the 5 essential steps to real estate investing in Northern Colorado. See how to create monthly residual income. Gain clarity and confidence in the Northern Colorado investment market. Avoid common investing pitfalls.

Click below for your free access to the one hour online lesson; plus enjoy additional resources.

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Windermere Real Estate 400 E Horsetooth Rd., Suite 100 Fort Collins, Colorado 80525 United States (970) 232-4364


Posted on June 16, 2017 at 9:47 pm
Meagan Griesel | Posted in Blog, Colorado Real Estate, Fun Facts, Uncategorized | Tagged ,

The 1% and the 10%

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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?

Timnath!

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.



Welcome to Friday Fun Facts!

Thanks for checking out this week’s Friday Fun Facts!

These little nuggets of information are designed to inform, education and entertain you. I promise to give you some solid takeaways, based on real life with information that will keep you up-to-date.

You can expect an entertaining short video or article once a week.. If you really like it, share it with your friends!

*If this isn’t your thing, no worries – just click the unsubscribe link below.*

image

Free Investor Resource

Learn the 5 essential steps to real estate investing in Northern Colorado. See how to create monthly residual income. Gain clarity and confidence in the Northern Colorado investment market. Avoid common investing pitfalls.

Click below for your free access to the one hour online lesson; plus enjoy additional resources.

 

Unsubscribe

Windermere Professional Development – 5424 Sand Point Way, Seattle, Washington 98105 United States (800) 381-3850


Posted on June 12, 2017 at 6:57 pm
Meagan Griesel | Posted in Uncategorized |

Spacious Home In A Great Location

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.


Posted on June 7, 2017 at 8:37 pm
Meagan Griesel | Posted in Longmont Real Estate | Tagged , , , , , ,

Brick Cape Cod Home In A Great Location

Featuring 3 Bedrooms, 2 Bathrooms, And 2 Master Suites!

Brick Cape Cod home located 1 block from Mehaffey Park. The kitchen is updated with slab granite counters, subway tile and a large island with seating. Upstairs are 2 adorable bedroom suites and the master bedroom features mountain views. The east wing of the home has a separate entrance and garden level basement. Great for an in-home business or even an in-law suite. The back yard is made for the urban farmer with the raised garden beds, greenhouse, and shed. No HOA. WIndermere Certified Listing.

For more information, please visit: http://meagan-griesel.com/listing/55592283 or call (970) 460-3033.


Posted on April 10, 2017 at 9:14 pm
Meagan Griesel | Posted in Loveland Real Estate | Tagged , , , , , , , , ,

Downtown Loveland Bungalo With Vintage Charm

This Open Floor Plan Features 2 Bedrooms, 1 Bathroom And A Lot of Natural Light!

Downtown Loveland bungalow and quiet, tree lined street. Very welcoming and spacious open floor plan features lots of natural light. Vintage charm with beautiful wood trim, hardwood floors, clawfoot bathtub, original built-ins. The basement has a lot of potential and tons of storage, walls are up and have been used for (2) bedrooms. Roof is only 2 years old. Windermere Certified Listing!

For more information, please visit: http://meagan-griesel.com/listing/54846241 or call Meagan at: #970-460-3033.


Posted on March 20, 2017 at 3:01 pm
Meagan Griesel | Posted in Windsor Real Estate | Tagged , , , , , , ,

Great, Brick Ranch Home In Greeley

Single Family Home, Featuring 3 Bedrooms/1.5 Bathrooms, and Beautiful Oak Hardwood Floors!

Great brick ranch home ready to add your personal style and create equity with cosmetic updating. Nice solid home with newer roof (2 years), brand new hot water heater and furnace. Beautiful Oak Wood floors, preserved by covering with carpet 40 years ago. Basement has a second kitchen, storage, living or entertainment room, and non-conforming (4th) bedroom. Mineral rights are included. Pre-inspected, Windermere Certified Listing.

To learn more, please visit: http://windermerenoco.com/listing/54450866 or call Meagan at: (970) 460-3033.


Posted on March 16, 2017 at 5:37 pm
Meagan Griesel | Posted in Windsor Real Estate | Tagged , , , , , , , ,

Luxury Spotlight

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Luxury Spotlight

So how’s the luxury market? Let’s look…

Today there are 88 single family homes for sale in Larimer and Weld County priced at $1 Million and above.

Over the last year, 63 of these properties have sold.

This means it would take 17 months to sell all of these luxury properties at the current pace of sales.

Where do most of these sales occur? The most active city is Fort Collins with 18 luxury sales followed by Loveland with 13.

The most active neighborhood in all of Northern Colorado for luxury properties is the Harmony Club in Timnath with 8 sales.

Windermere Real Estate is proud to have represented the most expensive home to sell in Northern Colorado in the last two years – a $2,800,000 property in the Harmony Club which featured a gourmet French Kitchen, reclaimed barnwood floors and handmade peg wood beams.

Contact us to learn more about our Premier Properties program which is custom designed to sell luxury homes.


Welcome to Friday Fun Facts!

Thanks for checking out this week’s Friday Fun Facts!

These little nuggets of information are designed to inform, education and entertain you. I promise to give you some solid takeaways, based on real life with information that will keep you up-to-date.

You can expect an entertaining short video or article once a week.. If you really like it, share it with your friends!

*If this isn’t your thing, no worries – just click the unsubscribe link below.*


image

Free Investor Resource

Learn the 5 essential steps to real estate investing in Northern Colorado. See how to create monthly residual income. Gain clarity and confidence in the Northern Colorado investment market. Avoid common investing pitfalls.

Click below for your free access to the one hour online lesson; plus enjoy additional resources.

Unsubscribe

Windermere Professional Development – 5424 Sand Point Way, Seattle, Washington 98105 United States (800) 381-3850


In our March issue of the Windermere Report, we will take a close look at what’s happening in Larimer and Weld County real estate.

If you’re not already receiving this monthly printed newsletter designed to keep you informed, educated and entertained on real estate, I will put you on our list!

Simply Email me and I will get one in your hands right away. Meagang@windermere.com


Posted on March 8, 2017 at 5:46 am
Meagan Griesel | Posted in Colorado Real Estate, Fort Collins Real Estate, Fun Facts, Northern Colorado Real Estate, Uncategorized | Tagged , , , , , ,