6 Million

Based on the numbers through August, we are now on pace to sell 6 million homes.  This is the highest pace we have seen in 14 years.

The 6 million threshold is a big deal in the real estate brokerage world.

Each month, as they have for a long time, the National Association of Realtors tracks the sales and then calculates the annualized rate of residential closings.

For many, many years this number has bounced around 5.5 million.  The fact that it just jumped to 6 million speaks to many factors especially the effect of today’s interest rates.

running

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 September 24, 2020 at 12:00 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , , , ,

Pendings are Popping

Typically the market starts to slow down a bit in the Fall after a hot Spring and Summer.

Not this year.

The indicator we use to measure future closed sales is current pending sales.

Simply, we look at the number of properties under contract and scheduled to close versus the same time last year.

Current pending sales are way up along the Front Range when measured against 2019:

 

Metro Denver up 34.1%

Larimer County up 48.6%

Weld County up 50.2%

Based on these numbers, closed sales numbers over the next 60 days will be very strong.

bubbles

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 September 19, 2020 at 12:00 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , , , , , , , ,

New Home Surge

The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report.

This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and sold over the next 12 months.

This pace is 36% higher than one year ago and the highest it has been since the end of 2006.

Given the low inventory levels of previously-owned homes that most of the Country is experiencing, this uptick in new home activity is welcome news.

new home

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 SEPTEMBER 4, 2020 AT 6:37 PM
WINDERMERE WINDSOR | CATEGORY: BLOGFUN FACTSWINDERMERE REAL ESTATE 

Posted on September 18, 2020 at 12:00 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , ,

New Home Surge

The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report.

This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and sold over the next 12 months.

This pace is 36% higher than one year ago and the highest it has been since the end of 2006.

Given the low inventory levels of previously-owned homes that most of the Country is experiencing, this uptick in new home activity is welcome news.

new home

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 September 8, 2020 at 4:38 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , ,

Beautiful Home in the Heart of Windsor!

Welcome home to this wonderful tri-level house in the heart of Windsor! This 3 bedroom, 2 bathroom home sits on a large lot with NO HOA, no metro district, and is within walking distance of Windsor Lake, schools, local restaurants, parks, the library and so much more. Enjoy the open floor plan highlighted by the natural light, vaulted ceilings, and a beautiful brick wood-burning fireplace! Brand new stainless steel dishwasher just installed in July 2020. A two-car garage, additional space on the side of the driveway with fresh gravel, an expansive backyard with endless opportunity and a large deck, can guarantee you will have plenty of space! Providing charming curb appeal, a welcoming front porch, and easy access to major highways. Call (970) 497-9045 for your private showing or click the link below for more details!

CLICK HERE FOR PROPERTY DETAILS


Posted on August 4, 2020 at 5:08 pm
Meaghan Nicholl | Posted in Blog, Virtual Tours, Windermere Real Estate | Tagged , , , , , , , , , , , , , , , , , , ,

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.

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 31, 2020 at 8:33 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , ,

Buyer Contemplation

 

The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report.

 

At this time last year, 12% of Americans considered buying a home. Today the number stands at 11%.

 

The same goes for first-time prospective buyers, where 58% considered buying a home in the second quarter of 2019 and 59% are considering it in 2020’s second quarter.

 

In the second quarter of 2020, Millennials are the generation most likely to want to buy a home (19%), even slightly higher than a year earlier (17%).

 

Boomers, on the other hand, are the least likely, with the share planning a home purchase falling from 7% to 5%.

 

Across regions, the share of respondents who are prospective home buyers is unchanged in the Northeast (10%) and South (12%), essentially flat in the West (13%), and just slightly lower in the Midwest (down from 11% to 9%

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 24, 2020 at 9:51 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , ,

Caught Up

Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year.

Bottom line, fewer properties going under contract in April caused fewer closings 30 to 45 days later.

Closed properties in May were down compared to 2019 by 44% in Northern Colorado and 43% in Metro Denver.

Then activity jumped significantly in May.  The number of properties going under contract was way up compared to last year.

We’ve been wondering when we would see this sales activity reflected in the number of closed properties.

Well, it finally happened (almost).

The number of closings so far in June compared to the same time period through June of 2019 is only down 1.8% in Northern Colorado and 1.6% in Metro Denver.

In both markets, there are only a handful of closings separating activity in June 2020 versus June 2019.

By the end of the month, when all the transactions are tallied up, we expect that June of this year will out pace June of last year in terms of number of transactions.

This is significant not only because of COVID-19, but also because of the reduced inventory compared to last year.  Quite simply, there are fewer homes to buy.

All of this speaks to the health and resiliency of the Front Range market.

iStock-843435204.jpg

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 June 26, 2020 at 5:02 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , , , , , , , ,

Rate Meaning

Mortgage applications for purchases just hit an 11-year high.

Rates are at a level that many people could never have imagined.

Here’s something that is surprising to many people…

Rates are 1.5% lower than they were just two years ago.

Here’s what that means for buyers…

Pretend someone is looking at a $500,000 home and they will have a 20% down payment.

The difference in monthly payment is $320 between two years ago and today.

Obviously that is a significant amount of money.

Imagine what a person could do with $320 per month.

 

The fact that rates are at record lows is one of many reasons that the market is so strong right now and prices continue to appreciate at healthy levels.

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 June 19, 2020 at 4:14 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , ,

Tight Inventory

Long story short, inventory is tight. It was already tight pre-coronavirus and now it’s even tighter.

Here are the numbers.

Active properties for sale versus one year ago are down:

  • 11% in Larimer County
  • 20% in Weld County
  • 26% in Metro Denver

This low inventory is one of several reasons that prices are generally still up across the Front Range.

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 June 12, 2020 at 5:29 pm
Meaghan Nicholl | Posted in Blog, Fun Facts, Windermere Real Estate | Tagged , , , , , , ,