Equity Insights

The real estate research firm Core Logic just produced their latest Homeowner Equity Insights report.

Some interesting tidbits:

· 63% of all properties nationally have a mortgage

· Homeowners with mortgages collectively realized a $428 billion rise in equity over last year, an increase of 4.8%

· Only 3.8% of all mortgaged properties have negative equity (where the loan is greater than the value of the home)

· 10 years ago 26% of all mortgaged properties had negative equity


Posted on October 21, 2019 at 9:18 am
Aaron Pearson | Posted in Uncategorized | Tagged , , , ,

Fantastic Ranch Style Home in Fort Collins!

Wonderful home with a permanent foundation in the Sunflower active adult community at 4385 Espirit Drive in Fort Collins. This 2-bedroom home with den/study features a lot of natural light and a built-in gas fireplace. Pride of ownership abounds with newer paint, flooring, water heater, and furnace with central air. The dining area flows into a spacious kitchen floor plan w/ breakfast bar & double ovens. Large master suite w/ sliding door to 2nd patio, double sink vanity & his/her closets. Beautiful, pet-friendly, fenced-in yard with 2 patios & a lovely gazebo.  Enjoy the insulated, over-sized garage for your winter projects. Conveniently located right across from off-street guest parking. Sunflower has a clubhouse, hot tub, pickleball courts, putting green & more. Enjoy the active lifestyle with weekly community activities! Play cards, game night, dance lessons, art classes, and an exercise room. RV parking may be available, subject to availability. Call for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerewindsor.com/listing/111476651


Posted on July 13, 2020 at 6:46 pm
Aaron Pearson | Posted in Blog, Virtual Tours | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More Homes Needed

The market is in short supply.

 

More homes are needed to fulfill the need to buyer demand.

 

Compared to exactly one year ago, the supply of homes is down:

  • 32.6% in Metro Denver
  • 25.1% in Northern Colorado

An interesting and useful measurement we track is months of inventory.  This stat tells how long it would take to sell all of the homes currently for sale at the current pace of sales.

Of course, months of supply can vary greatly by price range and location.  However, this stat does a good job of explaining the overall state of the market.

Specifically, months of supply tells us if the market is in balance.

A ‘balanced’ market is when there is 4 to 6 months of supply.  A buyers market occurs when the stat is higher than this range.  A sellers market occurs when it is lower.

The months of supply looks like this in our market:

  • 1.0 months in Metro Denver
  • 1.3 months in Northern Colorado

So, the market overall is significantly under-supplied and more homes are needed to meet demand.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.


Posted on July 12, 2020 at 9:41 pm
Aaron Pearson | Posted in Uncategorized |

Luxury Home in Timnath Ranch Preserve!

Former Sage Homes model home at 5702 Shepherd Street at The Preserve in Timnath Ranch  in Timnath now for sale. Dramatic floor plan with main floor master and superb craftsman styling. Loaded with luxury finishes & upgrades throughout. Open floorplan with huge vaulted ceilings, built-in cabinetry & hickory floors. Gourmet kitchen and formal dining room with ceiling beams. Study with built-in desk and fireplace right off the entry. Luxury master bath with a phenomenal shower, heated floors & jetted tub. Upstairs you’ll find 3 bedrooms, 2 full baths & a large loft. The finished basement features another bedroom, bathroom with heated floor, kitchenette, spacious rec room and a large workout/flex room. There’s even a cool secret hideout for the kids! Enjoy the over sized 3 car heated garage with built-in storage. The home sits on .31 acres and has a fantastic backyard patio with outdoor cooking area, pergola & fireplace. Wonderful neighborhood with Bethke Elementary, parks, pool, clubhouse & trails. Don’t miss this one! Call for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerewindsor.com/listing/106931132


Posted on March 16, 2020 at 10:57 pm
Aaron Pearson | Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Better Than Brand New in Windsor!

Welcome home to 1520 Morning Glow Drive in Windsor! The large kitchen comes with all new upgraded appliances and an eating area which opens into the great room on the lower level. A separate living room/office in the front of the house gives you flexibility for your lifestyle. Upstairs you will find the master bedroom with a large walk in closet and 5-piece bath. There are also 2 additional roomy bedrooms upstairs along with a full bathroom. The lower level features a 4th bedroom that is perfect for guests or private study. The landscaping is in and the owners have added central air conditioning, so you’ll be ready for summer. The community pool is scheduled to be open this summer and many of the other amenities are already in. Don’t miss out on this fantastic home – It won’t last long! Call for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerewindsor.com/listing/104034123

 


Posted on December 27, 2019 at 5:22 pm
Aaron Pearson | Posted in Virtual Tours, Windsor Real Estate | Tagged , , , , , , , , , , , ,

Updated Town Home in Thornton!

This beautifully updated town home is located at 2022 W 101st Avenue in Thronton in the desirable Parkside community close to shopping, restaurants, I-25 and Highway 36. This end unit has freshly finished hardwood floors, newer paint, furnace, roof and water heater. All appliances stay including the washer and dryer! This home features a great floor plan with a remodeled kitchen, dining area and ½ bath on the main level. The living room has patio doors that lead you out to a peaceful, fenced patio where a mature tree provides shade on those hot summer nights. Upstairs you will find 2 spacious bedrooms and a full bath. In addition to the attached garage, this town home has a dedicated off-street parking space right next to the garage. HOA includes clubhouse and pool. Make this your home today! Call for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://aaronpearson.com/listing/102417143


Posted on November 20, 2019 at 8:30 pm
Aaron Pearson | Posted in Thornton Real Estate, Virtual Tours | Tagged , , , , , , , , , , , , , , , , , , ,

Prepare Your Home for Winter

As the days shorten, you can mitigate many mid-winter headaches with some preemptive prep. Proper weatherizing can help protect your home from preventable damage, save money on energy costs, and, most importantly, keep you and your loved ones safe and warm throughout the winter season. Here is a useful checklist to manage your weatherization project. Setting aside some time on a couple of weekend days should be more than enough to knock this out:

 

Cracks & Leaks

Examine your entire house for any cracks and leaks, from your roof to your baseboards, to your basement and foundation. With unpredictable winter weather, these cracks and leaks are how the outside gets in, causing cold drafts and water damage.

Luckily, most cracks don’t require a professional to handle it. Depending on your house type and age, it’s likely you’ll be able to do it yourself with supplies from your local hardware store.

 

Windows & Doors:

Gaps and breaks in windows and doors is another way to let the winter in your home, and they can let heat escape, raising your heat bill throughout the season.

Make sure seals are tight and no leaks exist. If you have storm windows, make sure you put them on before the cold season begins. Additionally, add weather-strips and or a door sweep to prevent drafts and keep the heat in.

 

Rain Gutters: 

Clean your rain gutters of any debris. In colder climates, the buildup will cause gutters to freeze with ice, crack and then leak.

Once you have removed the residue from the drains, test them by running hose water to make sure cracks and leaks have not already formed. Even in warmer locales, the buildup can put undue stress on your roof and home.

 

Pipes: 

Protecting your pipes from freezing should be your number one priority this winter. A burst pipe can quickly become a disaster in any home.

Remember to turn off your exterior water source and take in your hose. Internally, wrapping your pipes is a recommended precaution to take.

 

Heating System:

Annual checks are vital in avoiding dangers such as house fires. Replace filters if you use a furnace and clear out any vents and ducts that carry heat through them. If you have baseboard heat, wipe them of dust and remove any debris that might catch fire.

 

Fireplace & Wood Burning Stoves:

Make sure to have chimneys and air vents cleaned early in the season if you are planning on warming your home with a wood-burning source. When your fireplace is not in use make sure to close the damper, some resources estimate an open damper can increase energy consumption by as much as 30%, increasing your bill about $200.

 

Outside: 

Bring your patio furniture inside or cover it for the winter. Don’t forget other, smaller items such as your tools, including the hose and planting pots. Clear out any piles around the side of your house, checking for cracks and holes in your home and foundation as you go so to avoid providing shelter for unwelcome guests over the cold season.

If your property has large trees check for loose branches and call someone to trim back any limbs that may fall in your yard, on your roof or even damage a window.

 

Emergency Kit: 

Lastly, make sure your emergency kit is up to date with provisions, batteries, fresh water, food for animals, entertainment for kids – especially if you live in an area prone to power outages.

For a more complete emergency preparedness guide, visit https://www.ready.gov/winter-weather.


Posted on October 23, 2019 at 10:29 am
Aaron Pearson | Posted in Fort Collins Real Estate, Northern Colorado Real Estate, Windsor Real Estate | Tagged , , , , , , , , , , , , , ,

Net Worth

It’s no surprise that for just about every homeowner, their real estate represents the largest portion of their net worth.

Check out these numbers from the Federal Reserve’s Survey of Consumer Finances:

  • Median Net Worth in the U.S. = $97,300
  • Median Net Worth of a Renter = $5,200
  • Median Net Worth of a Homeowner = $231,400

Posted on October 14, 2019 at 8:10 am
Aaron Pearson | Posted in Economics 101 | Tagged , , , , , , , ,

Beautiful Brick Home in Sunnyside Neighborhood!

Want old world charm combined with the worry-free simplicity of a modern home that has been fully updated? Check out this sun-drenched turn of the Century brick home at 4211 Alcott Street in Denver nestled on a beautifully landscaped yard on a great block in popular Sunnyside neighborhood. The main floor boasts a stylish gourmet kitchen with granite counters, cherry cabinets & stainless appliances. The living room has the original craftsman fireplace, exposed brick and the dining room has a bay window. The 2nd floor is a private master suite with walk-in closet, custom tile shower with European glass doors, dual sinks, toilet closet, skylight and gigantic soaker tub. New Hickory wood floors can be found throughout the house including all 3 bedrooms. The basement is finished with a bonus room for movies or an office. Enjoy the private backyard on the deck with French doors to the mud room. Parking is not a problem with an over-sized two car garage. Newer roof, plumbing, electrical wiring, furnace and A/C. Just a block and a half to the restaurants & shops at Cobbler Corner. Call for your private showing at (970) 646-3035 for more information or click the link below for more details.

https://www.windermere.com/listing/CO/Denver/4211-Alcott-Street-80211/99827566


Posted on September 6, 2019 at 8:30 pm
Aaron Pearson | Posted in Denver Real Estate, Virtual Tours | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gorgeous Home in Water Valley in Windsor!

Over 6,500 square feet in this luxury 2-story home located at 1508 Pintail Bay in desirable Water Valley. This floor plan works! Kitchen features granite counter tops, and custom alder wood cabinets. Formal dining room with tray ceilings. Gorgeous main floor master retreat, main floor features great room that opens to above. 2nd floor features bonus room, 3 bedrooms, 2 bathrooms (1 jack and jill), loft and laundry. Basement has theater room and framed for additional rooms. Outdoor living with water feature and large pergola is an entertainer’s dream! Call for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerewindsor.com/listing/98654966


Posted on August 8, 2019 at 7:35 pm
Aaron Pearson | Posted in Virtual Tours, Windsor Real Estate | Tagged , , , , , , , , , , , , , ,