Adorable Home with a Great Backyard!

Adorable home at 941 Columbine on large lot comes with new Champion siding & windows, heated/insulated garage with new garage door, new furnace/air conditioning, new gas range and dishwasher, fresh paint, 2 sheds – one is a workshop! Off-street RV parking, established landscaping, no HOA. Enjoy an easy walk to the library, Tozer Elementary School, and neighborhood park. Outdoor deck is wired for a hot tub! The backyard has a large deck, fire pit, and a fenced in garden! Call for your private showing or click the link below for more details.

http://meagan-griesel.com/listing/77261011

Posted on April 9, 2018 at 9:35 pm
Meagan Griesel | Category: Virtual Tours, Windsor Real Estate | Tagged , , , , , , , , , , , , , ,

Colorado Real Estate Market Update

This analysis of the Metro Denver and Northern Colorado real estate markets 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 us.

ECONOMIC OVERVIEW

Colorado added 45,300 non-agricultural jobs over the past 12 months, a growth rate of 1.7%. Although that is a respectable number, employment growth has been trending lower in 2017 as the state reaches full employment. Within the metropolitan market areas included in this report, there was annual employment growth in all areas other than Grand Junction, where employment was modestly lower. There was solid growth in Greeley and Fort Collins, where annual job growth was measured at 4% and 2.7%, respectively.

In November, the unemployment rate in the state was a remarkably low 2.9%, down from 3% a year ago. The lowest reported unemployment rates were seen in Fort Collins and Boulder, where only 2.5% of the labor force was actively looking for work. The highest unemployment rate (3.7%) was in Grand Junction.

The state economy has been performing very well, which is why the wage growth over the past year has averaged a very solid 3.3%. I expect the labor market to remain tight and this will lead to wages rising at above-average rates through 2018.

HOME SALES ACTIVITY

  • In the fourth quarter of 2017, there were 14,534 home sales—a drop of 2.0% compared to a year ago.
  • Sales again rose the fastest in Boulder County, which saw sales grow 17.9% versus the third quarter of 2016. There were also reasonable increases in Weld and Larimer Counties. Sales fell in all other counties contained within this report because there is such a shortage of available homes for sale.
  • As I discussed in my third quarter report, sales slowed due to the lack of homes for sale. The average number of homes for sale in the markets in this report is down by 8.2% from the fourth quarter of 2016.
  • The takeaway is that sales growth has moderated due to the lack of homes for sale.

HOME PRICES

  • With continued competition for the limited number of available homes, prices continued their upward trend. Average prices were up 9.8% year-over-year to a regional average of $431,403, which was slightly higher than the third quarter of 2017.
  • There was slower appreciation in home values in Boulder County, but the trend is still positive.
  • Appreciation was strongest in Weld County, which saw prices rise 14.3%. There were also solid gains in almost all other counties considered in this report.
  • The ongoing imbalance between supply and demand persists, which means we can expect home prices to continue appreciating at above-average rates for the foreseeable future.

 

DAYS ON MARKET

  • The average number of days it took to sell a home rose by two days when compared to the fourth quarter of 2016.
  • Homes in all but three counties contained in this report took less than a month to sell. Adams County continues to stand out, where it took an average of just 21 days for homes to sell.
  • It took an average of 29 days to sell a home last quarter. This is up nine days over the third quarter of 2017.
  • Housing demand remains strong in Colorado and this will continue with well-positioned, well-priced homes continuing to sell very quickly.

CONCLUSIONS

This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

For the fourth quarter of 2017, I have chosen to leave the needle where it was in the previous quarter. Listings remain scarce, but this did not deter buyers who are still active in the market. As much as I want to see more balance between supply and demand, I believe the market will remain supply-constrained as we move toward the spring, which will continue to heavily favor sellers.

Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.

Posted on February 1, 2018 at 9:20 pm
Meagan Griesel | Category: Colorado Real Estate, Fort Collins Real Estate, Loveland Real Estate, Northern Colorado Real Estate, Windsor Real Estate | Tagged , , , , , , , , , ,

Signs of Slowing?

Is the same thing happening in Northern Colorado?Road, Sign, Asphalt, Road Sign, Roadsign

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 meagangriesel@gmail.com

Contact me to get your copy immediately so you can see everything you need to know to sell your home in today’s market.

Posted on August 15, 2017 at 6:41 pm
Meagan Griesel | Category: Fort Collins Real Estate, Longmont Real Estate, Loveland Real Estate, Northern Colorado Real Estate, Windsor 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 | Category: 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 | Category: Windsor Real Estate | Tagged , , , , , , , ,