Spring in Summer

This year the Spring market is occurring in the Summer.

 

Typically the busiest months for real estate along the Front Range are April, May and June.

 

This year, because showing activity was restricted in the Spring months, we are seeing robust activity this Summer.

 

Here’s an indicator.  Sales through July 2020 versus July 2019 are up:

  • 12.6% in Metro Denver
  • 17% in Northern Colorado

To see double-digit increases in sales despite was is occurring in the National economy, is nothing short of remarkable.

Posted on July 31, 2020 at 6:49 pm
Tammy Fisher | Category: Dog Rescue, Housing Market, Larimer County Real Estate, Loveland Real Estate, Real Estate Market | Tagged , , , , ,

What the Numbers Say

April represents the first time we can look at the impact of COVID-19 on a full month of real estate activity.

To no one’s surprise, activity in April in terms of closings and new contracts did slow significantly.

Much of this slowing was caused by in person showings not being allowed for most of the month.

(showings are now allowed again by following Safe Showings protocols)

Here’s what the numbers say…

Closed transactions were down compared to April 2019

  • 26% in Northern Colorado (Larimer & Weld)
  • 27% in Metro Denver

New written purchase agreements were down compared to April 2020

  • 48% in Northern Colorado
  • 44% in Metro Denver

So, while activity did slow, there was nothing resembling a “screeching halt” that took place.

While the way property is shown has certainly changed, the market is still very active and we expect activity to increase even more with showings now being allowed again.

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 May 9, 2020 at 7:00 am
Tammy Fisher | Category: Ecomony, Housing Market, Loveland Real Estate Agent, Northern Colorado Real Estate, Real Estate Market | Tagged , , , ,

Lovely Stats

In honor of Valentine’s Day, here are some Northern Colorado stats we think you will love:

  • Prices are up 3.5% compared to last year
  • Inventory is up 10% which means there is more selection for buyers
  • We just had the most active January in terms of closings in over 10 years
  • Well over 13,000 residential properties representing $5.4 Billion of volume has sold in the last 12 months

If you would like to see a video recap of our annual Market Forecast you can watch that HERE.

Posted on February 14, 2020 at 5:06 pm
Tammy Fisher | Category: Loveland, Loveland Real Estate, Loveland Real Estate Agent, Northern Colorado Real Estate | Tagged , , , , , ,

Supply and Demand

Northern Colorado gave us a real-life economics lesson in January 2020.Compared to one year ago…

  • Inventory was down 10% (Supply)
  • Homes under contract went up 31% (Demand)
  • Prices were up 5% (Result)

 

If you would like to see a video recap of our annual Market Forecast you can watch that HERE.

Posted on February 7, 2020 at 5:56 pm
Tammy Fisher | Category: Larimer County Real Estate, Loveland Real Estate, Real Estate Market | Tagged , , , ,