How’s the Market in NOCO?

Here are some observations we have about the market right now:

  • Inventory is up, price reductions are up, the length of time to sell a home is up
  • Seller concessions are more prevalent
  • Sellers are more willing to accept contingent offers (especially in higher price ranges)
  • If a home doesn’t sell within a week, it often becomes stigmatized by the market and potential buyers assume there must be something wrong with it
  • Homes that likely would have sold within hours a year ago, are now sitting on the market
  • Condition is super-important as buyers become even more picky
  • Pricing a property correctly on day one is paramount
  • Sellers who over-price their property are finding themselves chasing the market

 

Posted on August 5, 2019 at 4:22 pm
Meagan Griesel | Category: Colorado Real Estate, Colorado Real Estate Market Update, Fun Facts, Northern Colorado Real Estate | Tagged , ,

How’s the Colorado Real Estate Market?

What’s Starting?

Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range.

  • New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory
  • Every product type saw an increase in starts compared to last year (single family, townhome and condominium)
  • Condominiums saw the largest increase in starts by a long shot, up 112% over last year- this is excellent news for first time buyers and those looking for product in lower price ranges.

If you want to be totally clear on all the stats, facts and trends in Colorado real estate so that you know what the future value of your home looks like, watch this video.

This is a complimentary service for our clients and friends.

See all the latest facts, stats and trends of the Colorado market from the comfort of your own laptop.

Watch the Windermere Workshop video for a mid-year market update.

WATCH HERE

Posted on September 28, 2018 at 2:43 pm
Meagan Griesel | Category: Blog, Colorado Real Estate, Fun Facts | Tagged