I'm not a party bus kind of gal. But I saw the bus tour of the Parade of Homes on Facebook, sponsored by the northern Colorado Women's Council of Realtors and I thought, why not? I signed up and hopped on board at noon on a very hot day last week and headed off to Berthoud, CO. The bus was loud and I was definitely the oldest real estate agent on board but the A/C was working and there was plenty of water along with other offerings. But day drinking is not a skill I possess. Regardless, …
Springtime in the Rockies Real Estate Market
We all know that May and June are the two best months to sell your home. Now we have data to prove it. ATTOM Data Solutions, a real estate data firm, evaluated the sales of 14 million homes over the last 7 years. Geography plays a role in determining popularity—the best time to buy in Florida is January and February. But how do you explain the popularity of home sales in Greeley in February? I can’t. May and June Best Time to Sell When It’s Springtime in the Rockies… The best time to …
Spring Real Estate Market in Northern Colorado
“What do you think the market will do this spring?” I’m asked that every day. The only thing I can do is to point out the facts. Inventory is down. Prices are up. And the supply of homes has dropped to one month and three days. Just as a reference, in 2010, the supply of homes on the market was six months which is a balanced market--sellers and buyers have equal standing. When you have our market, houses go quickly. People keep telling me it’s gonna change—that it must. No, it doesn’t At …
What a Cool Million Will Buy in Old Town FoCo
Everyone has their story of owning a home thirty-years ago in Old Town Fort Collins and selling it before we hit the big time. At least I do. My former home on Mountain Ave., which my ex and I could barely sell for $130k in the 80's, sold last month for just over a million dollars. I also owned a home on McKinley, Mathews, Eastwood Dr. and a gorgeous Victorian in Natick, MA--all sold for many times what I had paid for them. If only I had still owned them! But that was then and this is now I …
Northern Colorado RE Stays Strong–for How Long?
The northern Colorado real estate market continues to be one of the strongest in the country. Demand for homes, fueled by job growth, continues to outpace supply. Regional job growth in 2017, a leading indicator of the real estate market, was one of the strongest in the last 10 years. Despite more construction, supply has not kept up with demand. The northern Colorado market continues to have less than 3 months of housing supply when 6 months is considered a balanced market. Some thoughts about …
Getting It Right–Zillow vs. Agent
We all use Zillow and, depending on what it says, we either love it or hate it. ‘Zestimates’ are based on an algorithm that identifies a home’s unique value by comparing it to other homes that may or may not be similar. The critical component missing is “boots on the ground,” a live human being who has been in that home, and has been in other homes that would be comparable. Computer codes aren’t people. Humans VS. Technology Zillow gets market data from the same resources as real estate …
