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 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 , , , ,

Remodeled Ranch With Beautiful Landscaping

Featuring 3 Bedrooms, 2 Bathrooms And A Heated Garage!

Broomfield Heights 3 bed / 2 bath ranch with remodeled kitchen and baths. Wheelchair accessible home with tile and hardwoods throughout. Granite counters, SS appliances and gorgeous maple cabinetry. Tinker in the garage all winter with radiant-heated slab and rear driveway; no shoveling! Peaceful backyard setting with deck and great landscaping. Feels like custom home with designer touches, soffit ceilings, art niches, built-in bookshelves and much more! New roof/gutters to be installed before closing!

For more information, please visit http://aaronpearson.com/listing/67473494 or call Aaron Pearson at (970) 460-3033.


Posted on September 29, 2017 at 4:20 pm
Aaron Pearson | Posted in Uncategorized | Tagged , , , , , , , , ,

The Wellington Explosion

What if we told you there is a real estate market that has seen a 300% increase in sales volume in only 5 years?

What if we told you that market was right in our back yard?

The market is Wellington and what is happening there is extraordinary.

Because price increases in Fort Collins have eliminated virtually all options for the sub $300,000 buyer, Wellington has become a very popular place to buy a home.

In June of 2012, the average price there was $185,000. Today it is $300,500!

In 2012 there were 222 residential sales in Wellington. This year is on pace to ecliplse 500.

Yes, Wellington has exploded and we don’t see it slowing down any time soon!

To see homes that are for sale in Wellington, just click here: www.WindermereNoco.com/WellingtonHomesForSale

Fun fact about Wellington:

The Town of Wellington was an oil, coal and agricultural hub throughout the 1800s and became a stopping location for wagon trains, travelers, and military movement between Cheyenne, Wyoming and Fort Collins, Colorado. The town was founded in 1902, incorporated in 1905 and named after C.L. Wellington, an employee of the Colorado and Southern Railroad. 

Around the same time the population began to grow in Wellington, woolly mammoth remains were discovered by a construction crew while digging foundations for new homes. The remains were carefully excavated by a University of Colorado team while residents watched with excitement. Unfortunately, after being taken back to the University for further examination, the tusks were dropped and shattered on a floor. In recognition and remembrance of this event, the subdivision where they were found named a street Mammoth Circle.

Wellington maintained a population around 500 throughout the 20th century and grew to about 1,000 until the early 2000s. Today, Wellington is home to a population of nearly 8,300 residents.

Fun Facts & Image Source: www.townofwellington.com


Posted on July 8, 2017 at 1:33 am
Aaron Pearson | Posted in Uncategorized |