Blog River West Jewel Welcome home! 637 Trappers Place, Windsor is located in the coveted River West subdivision, this spacious home truly doesn’t disappoint. With 4 bedrooms, 5 baths, a study, and a large bonus room, you’ll have plenty of room to spread out. Soak in the CO evenings from your spacious back yard featuring gorgeous, mature vegetation. The […]
Uncategorized New Rate Prediction New Rate Prediction by Windermere Windsor Windermere’s Chief Economist, Matthew Gardner has made his new mortgage interest rate prediction for 2021.   You can see his breakdown of interest rates and other economic factors by clicking on the image below and watching his newest video.   By the end of the year he predicts rates […]
Blog Governor’s Ranch Beauty! WELCOME HOME! This gorgeous ranch truly does not disappoint. 1568 Sage Dr Eaton, CO is located in the coveted Governor’s Ranch subdivision, you will find many luxurious, custom touches throughout this immaculately kept home. Make your favorite meal in the gourmet kitchen and enjoy it on the large back patio while soaking in the sunset […]
Uncategorized New Construction Headaches Homebuilder Headaches by Windermere Windsor The National Association of Home Builders recently surveyed their members to ask them about the challenges they currently face and the challenges they expect to face.   Far and away, the biggest headache for homebuilders right now is the rising cost of building materials.   96% of the survey respondents […]
Uncategorized Days of Inventory Days of Inventory by Windermere Windsor In the residential real estate industry, inventory is typically measured in months.   For example, the definition of a “sellers’ market” is when there is less than 4 months of inventory on the market.  Meaning, at the current pace of sales, it would take less than four months to […]
Uncategorized Unemployment Is Bouncing Back Job Bounce by Windermere Windsor “How could the real estate market be so strong in the middle of a pandemic?” That is a fair question and one we hear frequently from our clients. There are several reasons for this but two stand out. Interest rates Jobs Employment has bounced back much quicker than most people […]
Uncategorized Where are Interest Rates heading? Rate Heading Rate Heading Where are interest rates headed? This question was one of many which were addressed during our annual Market Forecast yesterday. Our Chief Economist, Matthew Gardner, provided insight on rates, prices, inventory and many other fascinating topics. Matthew’s prediction is for rates to creep up to 3.07% by the end of 2021.  […]
Uncategorized Inverted- Closings Are Exceeding New Listings Typically, in the Front Range Market, the number of new listings will exceed the number of closings on a monthly basis. Meaning, the amount of properties that hit the market in a given month will be higher than the amount of properties that sell in that month. It is normal to have the ‘inflow’ exceed the […]
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Uncategorized Interest Rates Drop Again 14 Times For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low. Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971. Just one year ago rates were at 3.68%. So, what does […]
Uncategorized A Little Perspective Regarding Inventory A Little Perspective Here’s a little perspective on the inventory of homes for sale in today’s market… First we’ll look at Metro Denver: The average number of residential listings for sale at this time of year is 15,577 The highest-ever for this time of year is 29,722 which occurred in 2006 The number of listings […]
Uncategorized Activity Increases In Higher Price Ranges The Votes Are In   Real estate buyers made their voices heard last month and made a clear choice for…  higher-end properties! One of the interesting dynamics of our current market is the significantly- increased activity in higher price ranges. The combination of high equity and low-interest rates is clearly causing people to move up.  They […]
Uncategorized New Market Report Brand New Market Report                       The latest quarterly report from our Chief Economist Matthew Gardner is now available.  Here is a quote from the report with his take on the Front Range economy: What a difference a quarter makes! Following the massive job losses Colorado […]
Uncategorized Luxury Market Activity Increases Million Plussing The luxury market is very active right now.  Buyers in the high-end are taking advantage of low interest rates and the equity they have built in their prior homes. Closings of million-plus single family homes are up significantly along the Front Range. When compared to this same time last year, sales of properties […]
Uncategorized “Housing Bubble”- Are We In One? The activity in the Front Range market is causing us to hear the bubble question again. People are curious to know, based on recent growth in price appreciation, if we are in a housing bubble. This question seems to crop up when prices go up. While we do not believe that the current double-digit price […]
Uncategorized Curious about Average Price? Stat of the Month We just completed a review of the September numbers in our market. Here is the one number that is standing out to us – average price. Prices are way up over last year.  Here are the specific average price increases in each of our markets compared to September 2019: Metro Denver = […]