On January 17th we hosted our annual Market Forecast. Our chief economist flew in from Seattle to give us an educational and entertaining summary of where the market has been and where it is going.
If you missed it, don’t worry, you can find a recap video below!
From the Fort Collins Board of Realtors “New Listings were down 11.9% for single family homes but increased 25.0% for townhouse-condo properties. Pending Sales landed at 285 for single family homes and 80 for townhouse-condo properties.The Median Sales Price was up 10.0% to $415,955 for single family homes and 11.2% to $308,406 for townhouse-condo properties. Days on Market decreased 12.1% for single family homes but increased 37.8% for townhouse-condo properties.”
Visit the Fort Collins Board of Realtors website to download the full report: https://fcbr.org/document/july-2018-monthly-housing-report/
Thanks to the generosity of Windermere agents and the community, the Windermere Foundation collected over $330,000 in donations during the first quarter of 2018. Individual contributions and fundraisers accounted for 58 percent of the donations, while 42 percent came from donations through Windermere agent commissions. So far, we have raised a total of $35,869,961 in donations since 1989 when the Windermere Foundation was started.
Each Windermere office has its own Windermere Foundation fund account that they use to make donations to organizations in their local communities. In the first quarter of 2018, a total of $521,916 was disbursed to non-profit organizations dedicated to providing services to low-income and homeless families throughout the Western U.S.
One organization that has been the recipient of Windermere Foundation funds is Youthnet, serving Skagit, Whatcom, Snohomish, Island, and San Juan Counties in Washington State. Youthnet provides caring and supportive educational and social services to youth and families to help them attain a productive and successful life.
The Windermere Real Estate/Skagit Valley office in Mount Vernon, Washington has donated a total of $1,500 to Youthnet since 2015. Their support has continued to make a difference to the children, youth, and families served.
Donations have helped Youthnet support clients like Tracey and Tom, who are struggling to care for their three young children because of their inability to find and keep jobs due to mental health issues. Support from donors such as Windermere allows Tracey and Tom to receive resources, parenting support, and guidance to keep Sarah, Suzie and Jimmy well-cared-for. Funding also helps clients like Jennifer, who is finishing high school this year and thinking about going to college. She would be the first one in her family to achieve this goal.
Generous donations to the Windermere Foundation over the years have enabled Windermere offices to continue to support local non-profits like Youthnet. If you’d like to help support programs in your community, please click on the Donate button.
To learn more about the Windermere Foundation, visit http://www.windermere.com/foundation.
Let's have some fun with 5 Fascinating Facts about the Luxury Market in Northern Colorado (homes priced over $700,000):
- Luxury homes represent 19% of all available inventory
- Luxury homes represent 3% of all closed sales
- The luxury market has 11 months of inventory
- The average sales to list price for a luxury home is 97%
- The average days on market for a luxury home is 132 days
Hot off the press is our brand new Luxury Market Report. It's 12 pages of fun facts, charts, graphs and insights into the $700,000-plus market in Northern Colorado. This is a must-have resource.
Simply email me at firstname.lastname@example.org and we will get one in your hands right away.
Put these four tasks on your to-do list for a quick and painless sale.
BY BRENDON DESIMONE
Selling a home doesn’t happen overnight. To maximize your sale price, stand out from the competition and sell quickly, your home needs to go on the market in tip-top condition.
You only get one chance to make a good first impression in real estate. Once your home’s listing goes live, the days on market start ticking. In the Internet age, with access to so much information, buyers will punish a seller whose home has been on the market for many months. If you can’t make the effort to get your home in it’s best condition, hold off on listing it.
Prepping the home rarely happens in one weekend. It takes time and thoughtful planning. If you intend to sell your home this spring, here are a few steps you need to take now.
It may seem counterintuitive to spend money on a property inspection, but you need to know about your home’s condition. If there are issues — big or small — you need to address, it is better to know about them early so you can either remedy them prior to going to market or account for them with a lower listing price.
The last thing you want is for the buyer to uncover flaws once they are under contract. You will get stuck paying more under those circumstances than it would cost you to address the issues now.
As you prepare to sell, think of your home as an investment and start to see it through the eyes of potential buyers and the market. When you’re trying to sell your home, the less-is-more approach applies.
Put away big furniture and personal items. Store or put away all the things you won’t be using until you move into your new home. In the kitchen, make space in the cabinets for items you will need to use daily, but will want to put away for showings.
It’s common for sellers to make cosmetic improvements before they list. Kitchens and bathrooms sell your home. Plan to have the bathroom grout cleaned and have some parts of the house painted to give it a fresh look.
Consider cleaning rugs, refinishing hardwood floors or painting kitchen cabinets. If you plan to list in the spring, you likely have a good local real estate agent on your side by now. Get their advice and ask for referrals to do the work. There are lots of inexpensive contractors who can help spruce up your home quickly.
Today’s buyers have research in their DNA and will investigate all they can. Check with your local building department and ensure there are no outstanding issues with your home.
Verify that property records reflect your home accurately, and prepare to remedy any discrepancy. Make sure your title report is clean, and talk about potential disclosure items with your agent. Banks won’t lend if there are outstanding issues, and you don’t want to jump through hoops at the eleventh hour. Researching now will keep you one step ahead of the buyers.
The sale of your home is likely one of your biggest financial transactions. Get a real estate agent on your team early, and make a list of all the tasks you need to complete before listing this spring. Now is the time to have those discussions. Smart planning and a good strategy will ensure a quick, painless and profitable home sale.
- Listing Photos: Your Home’s First Showing
- 5 Tips for First-Time Home Sellers
- 15 Words That Could Add Value to Your Listing
During the holidays it's nice to do a little to help a lot. I'm collecting personal care items to help the homeless. Give me a ring or drop me a line if you'd like to help out or if you'd like more info. Thanks everyone!
I do prefer to celebrate Thanksgiving and then Christmas but this video is too good not to share. During the holidays it is so important to share our wealth with others and when I say wealth I mean, our family, our friendships, our time and tallent. Sometimes wealth can mean so much more than money and it can go so much further.