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 …
Fort Collins
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 …
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 …
Selling and Buying a Home Calls For Respect — and a Little Paint
‘Tis the season. Sellers and buyers are prowling the streets of northern Colorado—sellers are (hopefully) putting their best foot forward to get the best offers and buyers are making a series of offers, optimistic that one of them will be accepted. Some sellers think slapping a price on a house and putting a sign in front will do the trick. It could, but why not guarantee you’ll get a couple of great offers based on how you took the time and a little bit of effort and money to make your home …
Envisioning a Different Housing Market
“Weld County is the fourth most unaffordable county in the U.S. when taking into account median home prices and the average earning of wages, according to a new report by ATTOM Data Solutions.” http://www.greeleytribune.com/news/business/report-four-counties-in-colorado-including-weld-top-the-list-of-home-unaffordability/ Yikes! Weld County’s median price for a home, $280,000 as of today, may be almost $100,000 cheaper than Larimer County’s, but it’s a median price increase of 12% from last …
