Search for Homes in Colorado
Thank you for visiting my website! I am ready to assist you with any of your real estate needs. My approach is customized for each client…..my solutions are never “one-size-fits-all”.
Please take some time to look at the information I’ve provided for you as well as view listings and market statistics. Then…give me a call or send me an email if you have any questions, if you need more information about purchasing a home, are ready to visit some homes or to schedule a free home selling consultation.
I look forward to working with you!!
In This Issue:
Want to remodel? Check out these ideas!
Do you ever visit a friend's house and think to yourself, "wouldn't that be such a neat idea to do in my house?" Or see a picture on Pinterest and think, "man, that is a really good way to organize that!". Don't worry, we do too. That's why we just had to share this article
this month when we came across it online. Here, ZDouf found 31 "insanely clever" ideas for remodeling
. And now is the perfect time to start planning remodeling projects. Whether you just bought a new home, or are itching to put that tax refund money to good use, be sure to check out all of the ideas in the article here
Spring into home maintenance
Now that most of the country is thawing out and the dark days of winter are giving way to bright sunshine, we can once again look to our never-ending list of home improvement projects. The easy tips below, if executed on a regular basis, will help prevent huge problems from arising over time. Simple fixes and easy repairs that are done regularly will extend the life of your homes charm and integrity for years to come. So, it's time to roll up your sleeves and spring into action with these home maintenance tips.
1. Inspect the home’s exterior for damage to the gutter and drainage systems.First, get up on a ladder and clean everything out. A power washer works great, is quick and will get the job done with ease...
Northern Colorado Economic Snapshot
Units Listed - Single Family & Attached Dwelling
YTD* Units Sold - Single Family & Attached Dwelling
Source: Ires, LLC | *YTD represents through the month of February
The Northern Colorado real estate market has started the year a little slower than 2013 did. Through February 2014, residential sales are down 2.4% (828 vs. 848) compared to the same time period for 2013.
Available inventory for residential properties was down 29.6% at the end of February 2014 compared to the end of February 2013 (1,503 vs. 1,948); fewer active listings would lead one to believe there would be fewer sales (Columbo 101).
The Absorption Rate for single family homes at the end of February 2013 stood at 140 days. At the end of February 2014 that number was 120 days; residential properties are selling faster these days than they did at this time last year.
What’s happened since January 2013 to have an impact on the Northern Colorado real estate market, and on a regional, state and national level?
1. Unemployment Rate: According to the United States Department of Labor – Bureau of Labor Statistics things have improved. In January 2014 the Colorado unemployment rate was 6.2% (nationally 7.3%; Metro Denver, Broomfield, Northern Colorado, Aurora 5.8%). In January 2013 the Colorado unemployment rate was 6.6% (nationally 7.9%; Metro Denver, Broomfield, Northern Colorado, Aurora 7.4%).
2. Mortgage Interest Rates: The traditional thirty year fixed rate loan has increased from 3.51% at the end of February 2013 to 4.37% at the end of February 2014. Still a very reasonable rate when compared to double digit rates in the not too distant past.
3. Home Values: Scarcity creates demand and home values have improved over the past twelve months. For the Northern Colorado real estate market, single family homes increased in value on average 7.12% in 2013 compared to 2012 ($267,799 vs. $249,976). Historically, the trend is for homes at the entry level to appreciate at a higher percentage rate as first time buyers and investors see an opportunity when the market rebounds.
4. Foreclosures: According to the Colorado Division of Housing, statewide foreclosure filings were down 34.3% from January 2013 to January 2014, with foreclosure sales down by 37.1%. Once the happy hunting ground of savvy investors looking to either fix and flip or hold and rent, foreclosures are no longer as easy to come by.
5. New Construction: New home construction continues to be a viable part of the overall real estate market, adding inventory to a depleted resale market. Available building sites have been swallowed up over the course of the past few years as production builders saw an opportunity to benefit from bank owned properties. The focus now is on creating new subdivisions, with the infrastructure (roads, utilities, flat work, landscaping, etc.) being the priority.
Start your property search
with REMAX Alliance.
Search by map
Visit some homes, or schedule a free home selling consultation.