Fun Facts

Fun Facts Not Delinquent As a sign of the overall health of the U.S. real estate market, single-family mortgages that are ‘seriously delinquent’ only represent 0.51% of all single-family mortgages. This percentage is lower than last month and lower than last year. A mortgage is considered ‘seriously delinquent’ if it is more than 90 days past due. To put […]
Fun Facts Been a Long Time Highlighting that inventory has been very low for a very long time is the fact that the number of homes available in Northern Colorado today most closely resembles 2015. It has been almost 10 years since buyers have had the selection that they have now. Even though inventory is up over last year, and way […]
Fun Facts Midway Check-In We are halfway through May. This is how the numbers stack up versus the exact time last year. Larimer County: Inventory up 26% Closings down 4% Average Prices up 13% Weld County: Inventory up 18% Closings up 6% Average Prices down 5%
Fun Facts More Powerful As the saying goes, Superman is more powerful than a steaming locomotive (and able to leap tall buildings in a single bound)! In real estate, supply and demand is more powerful than interest rates (and able to push price appreciation year after year)! The fact that prices keep rising in Northern Colorado, even though interest […]
Fun Facts $700-Plus The average price in Larimer County is well over $700,000. For all closings in April, the numbers came in at $721,000. People who have lived in Northern Colorado may have a hard time believing that. The market here has certainly seen significant growth in the last 20 years. Here is something remarkable about the April […]
Fun Facts The Last Decade Did you know home values in Larimer County have more than doubled in the last ten years? Larimer County average prices are up 125% compared to 2014.  Weld County’s are up 134% Here’s where it gets interesting… Many people would guess that a significant portion of those gains occurred in the last five years. However, […]
Fun Facts Strong Start April real estate is off to a strong start in Northern Colorado. Larimer County sales are up 20% compared to last April. Pending sales are 7% higher. Weld County sales are up 16% and pendings are up 30%. This is despite the fact that rates are slightly higher than one year ago. It looks like […]
Fun Facts Flipping Out Here are some interesting facts from Attom Data’s report on House Flipping. Last year there were just under 309,000 flips of homes or condominiums which represents 8% of all transactions across the U.S. 37% of those were financed transactions and 63% were all cash The average gross profit for a house flip is $63,000
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Fun Facts Staying Steady Because mortgage rates have not decreased yet this year, many are wondering what that means for Northern Colorado home sales. Transaction count is staying relatively steady compared to 2023. Total sales year to date are down slightly (6%) versus last year. At this point in 2023, there were a total of 1434 closings in Northern […]
Fun Facts Five by Five Here’s a fun fact about the current inventory along the Front Range. The number of properties for sale is five times as many versus the all-time low in 2022. And, it is one-fifth as many compared to the all-time high in 2006. Also, it is half of the long-term average. So, selection is much higher […]
Fun Facts No Omens Shakespeare famously wrote, “beware the Ides of March” in reference to March 15th. However, when it comes to luxury real estate, there doesn’t seem to be any bad news on the horizon. Instead, properties priced over $1 million are certainly on the upswing. So far this year, there have been 26% more sales of luxury […]
Fun Facts Leap Year The statistic that is leaping so far in 2024 is inventory. Northern Colorado is seeing a big uptick in number of homes for sale. However, it is not an alarming amount and is still a ‘Seller’s Market’ by definition. Larimer County inventory is up 39% and Weld County is up 48%. Months of inventory is […]
Fun Facts Normal Timing After three years of abnormally low Days on Market, properties today are settling into a more normal and more reasonable length of time on the market. Days on Market today stands at: 53 Days in Larimer County 66 Days in Weld County Back in 2021, for example, Days on Market was roughly half of today’s […]
Fun Facts Inventory Jump The most significant trend we notice 45 days into the new year is the jump in inventory. There are many more properties for sale along the Front Range compared to one year ago. Larimer County is up 40% Weld County is up 39% Metro Denver is up 35% This comes as welcome news for buyers […]
Fun Facts Above Water A dynamic that gives us even more confidence about the housing market is the amount of equity that homeowners have in their property. Equity is of course the difference between the value of the property and the amount that is owed against it. In Larimer County, 53% of homeowners have at least 50% equity in […]
Fun Facts Forecast Takeaways Here are some of the big takeaways from our annual Market Forecast with Economist Matthew Gardner: Interest rates will continue to trend down during the year and reach 6.08% by the end of 2024. Home prices will have another year of modest gains increasing 2.0% to 2.5% in Northern Colorado 53% of homeowners in Larimer […]
Fun Facts More Normal Range The length of time that it takes for a property to sell is settling into a more normal range. “Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold. Today measurement stands at 72 days in Larimer County and 74 […]
Fun Facts Out of the Gates How is the year starting? All of us in the real estate industry are especially curious to see how 2024 is starting off after the first slow real estate year in a long time. Rates have settled down and are trending down. Prices have shown resilience and continue to go up. But, how about transactions? […]
Fun Facts No Drop The numbers are in and it turns out that not even 8% rates could make prices drop in 2023. When mortgage rates jumped this last year, many people believed that home values would fall as a result. The fact that prices stayed flat in 2023 even though interest rates doubled between March 2022 and October […]
Fun Facts Price Plummet For anyone waiting for home prices to drop before making a buying decision, there is good news. The recent plummet in mortgage rates means that home prices, effectively, just took a big dip. Rates have gone down by 1% in the last 45 days which means that a prospective home buyer’s payment is 10% less […]