Why You Should Buy a Home at the End of the Year

If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen.

Here’s Why…

Many builders have year-end goals and sales quotas to hit. If they have a “standing inventory” of homes that are completed but not sold, they are typically motivated to sell these homes by the end of the year.

This dynamic can be especially true for publicly-traded builders who are even more motivated to hit year-end sales numbers.

Up and down the Front Range there are beautiful new homes in fantastic neighborhoods. The builders of these homes may be happy to make concessions and provide incentives as long as you close by year-end.

We just recently helped a buyer with a very compelling incentive package from a builder which included a lower price, additional landscaping and window coverings.


Posted on November 27, 2019 at 8:41 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , , ,

Two Tales

This is a Tale of Two Counties.

When it comes to new home activity, there is a big difference between Larimer and Weld Counties.

Larimer County’s new home starts are down 10% and new home closings are down 15% compared to last year.

Weld County’s new home starts are up 18% and new home closings are up 8% compared to last year.

This is all according to the new home research experts and Metrostudy.

So why the difference?  It comes down to price and availability.

There is more land available for new home development in Weld County.

Plus, the land tends to be less-expensive than Larimer which means that builders can deliver a lower-priced product and reach a larger pool of buyers.

The average price of a new home in Larimer County is $507,105 while the average new home price in Weld is $411,269.


Posted on November 18, 2019 at 9:06 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , ,

Reduced

Some fascinating research from the Denver Metro Association of Realtors…

37% of properties that sold last month along the Front Range had a price reduction at some point during the listing period.

Property owners who have to reduce their price take an average of 58 days to receive an offer.

Those who don’t have to reduce their price only take 13 days.

This stat obviously speaks to the importance of pricing your property right on day one.


Posted on October 4, 2019 at 6:06 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , , ,

Where Are The Sales?

A high-level look at the Northern Colorado region shows that the number of residential sales is down 5.4% in Larimer County and up 4.7% in Weld County. This is simply comparing the number of closings from June 2018 to June 2019 versus June 2017 to June 2018.

The high-level look doesn’t tell the whole story. It get’s more interesting when we look at individual Northern Colorado cities and towns:

• Fort Collins = -8.8%
• Loveland = -5.7%
• Greeley = +11.7%
• Windsor = +16%
• Wellington = -16.9%
• Timnath = +44.1%
• Severance = +20.4%
• Johnstown = -18.7%
• Berthoud = +18.1%
• Evans = -14.7%

So, what can we learn from this? The areas with increased sales are where there is an abundance of new construction (Timnath and Severance for example).

The areas with decreased sales don’t have an abundance of new construction (Fort Collins for example).

The exceptions to this would be Wellington and Johnstown. It appears that there is price sensitivity to the new construction product now being built in these areas. Given rising costs, builders are challenged to deliver a product under $350,000 in these places.

For instance, in Wellington, between June 2017 and June 2018 there were 137 sales of new homes priced under $350,000. Today there are only 6 new homes on the market at that price point.


Posted on June 14, 2019 at 9:17 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , , , , , , , , , ,

Spacious Cottage With Vintage Charm

Featuring 3 Bedrooms, 2 Bathrooms And A Finished Basement!

1301 Washington Ave. | Loveland | CO | 80537

Your chance to own a home that sits on 3 lots in the heart of downtown Loveland! This home has vintage charm and character with a finished lower level complete with kitchenette. Hardwood floors under carpet on main level. Basement bedrooms nonconforming. Fully fenced lot with detached 2-car garage, separate shop and two additional storage sheds. Zoned R3E-High Density. Newer roof, A/C and furnace. No HOA. Just minutes from downtown Loveland restaurants, shops and Chilson Center.

For more information, please visit: http://kellyswifthomes.com/listing/71712340 or call Kelly Swift at (970) 460-3033.

 


Posted on November 22, 2017 at 5:50 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , , , , , , ,

Turn-Key Home In Southeast Fort Collins

Featuring 3 Bedrooms, 3 Bathrooms And Vaulted Ceilings!

Move-in ready 2-story with large corner lot in Sunstone! Large open family room with gas fireplace opens to bright eat-in kitchen with island and freshly refinished wood floors. Main floor laundry. Enjoy the large fully fenced backyard with patio, fruit trees and garden boxes. Master upstairs has vaulted ceiling with walk-in closet and master bath. Two additional bedrooms complete the upstairs, all with newly installed carpet. Full unfinished basement. Great location with easy access to shoppingschools and I-25.

For more information, please visit: http://kellyswifthomes.com/listing/69215992 or call Kelly Swift at (970) 460-3033.


Posted on October 25, 2017 at 10:43 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , , , , , , , , , , ,

Greeley’s Major Milestone

The Greeley market is about to hit a major milestone.

We project that in the first quarter of 2018, the average price for a single family home in Greeley will surpass $300,000.

Today the average price sits at $289,870.

Just a year ago it was $262,828.

Guess when Greeley broke the $200,000 barrier? It was only about 3 years ago in June 2014.

So what ‘s going on?

Double-digit price appreciation is being fueled by a healthy Northern Colorado economy, low interest rates and local affordability. Greeley prices can look really attractive compared to Fort Collins.

We don’t see anything on the horizon that will significantly change the trajectory of the Greeley market. It is a fundamentally a very strong place to own real estate.

For a detailed look at what ‘s happening across Colorado, request our quarterly market report called “The Gardner Report“, written by Windermere Real Estate’s Chief Economist, Matthew Gardner. You can download it HERE.


Posted on September 21, 2017 at 8:00 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , ,