At Least List

Periodically we track a stat which we find to be quite interesting.

It answers this question – how many properties are selling for at least list price (asking price or higher)?

This stat tells us how active the market is and helps our buyers to realize that, in some cases, they will be in a competitive situation.

When we look at single-family home sales so far this month, this is what we find:

57% of properties in Larimer County sell for at least list price
62% of properties in Weld County sell for at least list price
So, in well over half of the transactions, buyers need to offer list price or higher to acquire the property.

The data gets even more interesting when this information is broken out by price range.

To no one’s surprise, the percentage increases for properties priced under $400,000:

81% in Larimer County
70% in Weld County
We find that for properties over $400,000 the percentages still tell a story of a very active market:

47% in Larimer County
56% in Weld County
Bottom line, in most locations and price ranges we see a strong sellers’ market where buyers need to be prepared to make a strong offer and to also compete.

tug of war

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 August 14, 2020 at 11:18 am
Anali Roath | Posted in Uncategorized |

I hate to burst your bubble…

Every so often we will hear a concern that another housing bubble is forming.

To help answer that question it’s valuable to look at the reasons that caused the last one.

There were three main drivers of the bubble that burst in 2008:

  1. Easy Credit – loans were very easy to attain
  2. Over-Leverage – people were using their homes at ATM’s
  3. Over-Supply – too many new homes were being built

Now, let’s compare that to today:

  1. Stricter Credit – the average home buyer today has a FICO score of 755
  2. High Equity – collectively, U.S. homeowners have $19 Trillion of equity in their homes and collective mortgage debt has not increased for 13 years
  3. Under-Supply – today we are building only two-thirds of the new homes being built in 2004 yet the population is much higher

Given this healthy information, we don’t see another housing bubble forming today.

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


Posted on February 24, 2020 at 4:33 pm
Anali Roath | Posted in Uncategorized |

Affordability

Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years.

Here’s some interesting research on affordability…

Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country.

Their method is to count the number of homes in a market that could be purchased with that particular market’s median income.

For example, San Francisco is the least-affordable market where only 8.4% of the homes could be purchased with their median income.

The most-affordable is Monroe, Michigan where 95.3% of the homes could be purchased with their median income.

Guess where all of the 10 least-affordable markets are.  California!

Guess where almost all of the 10 most-affordable markets are.  The rust belt (cities in Michigan, Ohio, upstate New York, etc.)

The U.S. average is 63.6%.

Metro Denver comes in at 55.3% and Northern Colorado at 54.5%.

So, roughly half of the homes in our market could be purchased with our local median income.


Posted on January 31, 2020 at 11:14 am
Anali Roath | Posted in Uncategorized |

Rate Forecast

Here is our interest rate Forecast for the next year.

Our Chief Economist, Matthew Gardner, predicts that rates for a 30-year fixed mortgage will stay between 3.8% and 3.9% for 2020.

He doesn’t see rates going above 4.0% until at least the first quarter of 2021.

This is obviously great news for buyers as their payments will stay much lower as compared to having a rate at the long-term average of 7.5%.

If you would like to see the slides from Matthew Gardner’s Forecast presentation, we would be happy to get those in your hands.  Just let us know if we can help!


Posted on January 24, 2020 at 2:20 pm
Anali Roath | Posted in Uncategorized |

Setting intentions in 2020

January is heaven for me. I’m a goal-setter, a journal-writer, a vision board-er. I love my life but I can always think of a dozen adjustments I’d like to make, and I live for that “fresh start” feeling that the new year brings.

This year, my biggest goal (I prefer “goal” to “resolution”) is all about intention. Like so many other women I know, I live that hectic mom life. It can be easy to trade convenience for quality, or to get so caught up in the hustle and bustle that I lose track of what’s truly meaningful. Here are a few of the ways that I’d like to bring more intention into my life in 2020:

Intentional time with my tiny human. One huge and happy shake-up I have planned for 2020: I’m expecting another baby! While my sweet family of 3 is definitely looking forward to expanding, I want to be sure the big-brother-to-be gets as much of my time and attention as he deserves.

Intentional time with my husband. My husband is a fantastic father — but he’s also more than that. It’s time to carve out date nights again, remember how we make one another laugh, and reconnect as the unique people who first fell for one another.

Intentional time with my clients. My clients have goals just like I do, and I am going to help them achieve their real estate dreams! That starts with intentional communication and the same kind quality time I’d give to any relationship that mattered to me. I believe that this is already a service that I provide, but to me it’s always worth reflecting and making sure I am living up to my goals. How might I serve you better in 2020?


Posted on January 19, 2020 at 7:00 am
Anali Roath | Posted in Uncategorized | Tagged , , , , , , , , , ,

The Millennial Buyer

Millennials often get a bad rap.  One of the myths about Millennials is that they don’t own homes and will be renters forever.

Not true!  Especially on the Front Range of Colorado.

Based on research by our very own Chief Economist, Matthew Gardner, Millennials make up a significant percentage of all home buyers in Metro Denver and Colorado.

In Metro Denver, 50% of all buyers last year were in the Millennial demographic.

In Northern Colorado, the number is 41%.

It turns out that Millennials, as they move into their mid to late 30’s, see the value of home ownership and are at the point in their lives where it makes sense to own instead of rent.


Posted on January 17, 2020 at 3:19 pm
Anali Roath | Posted in Uncategorized |

Zero Correlation

It’s an election year which means that our clients are asking us if election years impact real estate.

According to research done by Real Trends there is zero correlation between election years and the number of transactions in the market compared to non-election years.

They found that sales were down in 1980, 1988, and 2008 compared to prior years, and sales were up in 1992, 1996, 2000, 2004, 2012, and 2016.

To hear more about what will happen this year in real estate and the factors that really do impact our market, be sure to get registered for our annual Market Forecast event next week.

It’s time to register for our annual Market Forecast event.  We will be live at 5:30 on January 15th at the Wellshire Event Center.  Back by popular demand is our Chief Economist Matthew Gardner.  Save your seat HERE.

7037389_1576607038yQiWINRE_Logo_2020Forecast_201912.jpg


Posted on January 10, 2020 at 11:12 am
Anali Roath | Posted in Uncategorized |

Big Numbers

It turns out a lot of real estate changes hands over the course of a year in our market.

In 2019 Metro Denver had…

  • Over 56,000 residential sales
  • Over $28 Billion of residential sales volume

Overall, 2019 saw a slight increase in the number of transactions compared to 2018 and approximately a 5% increase in sales volume.

For a detailed look at the 2019 numbers plus our forecast for 2020, click the links below…

 

It’s time to register for our annual Market Forecast event.  We will be live at 5:30 on January 15th at the Wellshire Event Center.  Back by popular demand is our Chief Economist Matthew Gardner.  Save your seat HERE.

7037389_1576607038yQiWINRE_Logo_2020Forecast_201912.jpg


Posted on January 3, 2020 at 1:15 pm
Anali Roath | Posted in Uncategorized |

Was your Thanksgiving full of pie and gratitude? (Mine was!)

I hope your Thanksgiving was simply wonderful, full of good food and quality time.

One of my favorite traditions at Windermere is our pre-Thanksgiving pumpkin pie giveaway. I always love having a chance to slow down, reconnect with my clients and friends (and, as is often the case, client-friends!), and show my appreciation for the members of my community who support me through their business and their friendship.

Happy Thanksgiving from me to you! Though of course it already feels as though it’s practically Christmas…!


Posted on December 1, 2019 at 7:00 am
Anali Roath | Posted in Uncategorized | Tagged , , , , ,

Photo time! 3 ways my new headshots represent me

I was overdue for some new professional headshots! I recently had the pleasure of working with Jen at Blue Sage Photography on a new series of photos that I simply love — not only are they professionally shot, but they are so me.

Here are 3 ways that my new photos represent me:

  1. The photographer. When I needed new photos, I knew immediately who to reach out to — Jen also photographed my wedding! The experience I had with Jen on my wedding day made me sure that I would end up with photos that felt authentic to me. (And let’s be honest, it’s easier to smile when there’s a friendly face behind the camera!)
  2. The look. Everything about this look, from the playful pearls to the classic blazer, is straight-up Anali. I love a timeless look, and I try to avoid anything trendy. That said, I still love a bold statement… like those whiter-than-white pants.
  3. The smile. In the end, the most important thing about professional headshots is that they capture your own unique vibe. I can be serious when the moment calls for it, but this photo captured my more natural and joyful side.

Thanks again to Blue Sage Photography for helping me to express myself to future clients and partners.

For bonus photos from my session, visit my Facebook page.

 


Posted on November 17, 2019 at 7:00 am
Anali Roath | Posted in Uncategorized | Tagged , , ,