Real Estate

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February 2022 Market Report

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With January 2022 tucked securely up under our belts, the new year is in full swing, and everyone is wondering what we can expect across our Front Range from the 2022 housing markets moving forward. Is this the best time to buy? The best time to sell?

Year over year stats shows only slight changes because one area, purchase options, continues to stagnate. Lack of inventory skews sales numbers as well as price information. Would sales be higher if more homes were available? Would prices change accordingly? A Realtor friend in Toledo, Ohio, expressed it well: “In a market that usually has 2-3000 homes available for sale, it’s impossible to make predictions based on the only 800 or so currently on the market.”

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January 2022 Market Report

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Join us as we take a quick look back before moving into what’s to come in 2022. Throughout the year, we experienced incredibly fast turn-around times from market to sold status. In fact, on average, over 80% of homes were selling in less than 30 days. Starter homes became as much a challenge to find as getting an offer to purchase accepted was! Buyers wrote love letters to accompany their purchase offers, offered higher price levels, hoping to sway sellers to accept their bid over the competition.

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Your 2022 Homebuying Game Plan

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Over the past year, the real estate market has been marked by unpredictability and, at times, overheated competition. This has resulted in some buyers bowing out after one too many disappointments while other potential buyers put off their home-buying plans, hoping that things would settle down.

Whichever type of buyer you are, you may be thinking ahead to the new year and planning to begin a search for a new home. If so, it’s vital to prepare yourself for the challenges—and opportunities—that lie ahead.

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Will Housing Inventory Increase in 2022?

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If you’ve been following the real estate market, you probably know that it has been many months since buyers and sellers enjoyed anything like business as usual, with record-low interest rates and inventory in markets both large and small. But now we may be able to envision a return to a real estate market that’s a little more like normal.

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December Residential Market Report

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Ho Ho Ho Housing is on our minds this holiday season, and the number 1 priority on people’s Wish List right now is the desire to have MORE SPACE!

For a lot of us, it's still hard to believe summer is over and the clocks have already rolled back. But it is December and the holiday season is well underway. Seeking to fulfill that hope of more living space in the Colorado front range this November 6069 people were thankful to purchase and close the sale on their new home from among the 4381 being offered. Crossing this one BIG ITEM off their To-Do list took place with an average 23 Days on Market. If you want to call the Colorado front range your home, don’t waste any time. Contact your local RE/MAX Alliance office and get started by checking out some of the homes available for sale with one of our leading Broker Associates right away!

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Home Purchase Costs You May Have Forgotten

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When you’re purchasing a home, most of your budgeting is built around the costs directly associated with your purchase. You’re probably planning for your EMD, home inspection, some repairs, your down payment, and closing costs. However, it’s also important to think through the way your budget will change once you’ve signed on the dotted line and bought your first home or upgraded to a new one. Here’s a list of expenses to take into consideration as you prepare for the months and years following closing.

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October Residential Market Report

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As colder winds have begun to blow down from the Front Range foothills, some even treating us to small flakes of unique shapes, we have proof that summer is good and truly over. With it, the real estate market moves swiftly into the last quarter of the year. Taking a quick look backward can set our sights on the most likely direction going forward.

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August 2021 Residential Market Report

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“If 2020 was a comp property, it would be the house in your neighborhood that caught fire and almost burned to the ground. But then a GoFundMe campaign caught the attention of a YouTube influencer who rehabbed it into the next location for The Bachelorette.” So said Sarah Wheeler, HousingWire Editor in Chief in a recent edition.

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5 Summer Staging Tips

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Summer is the season when home selling really starts to heat up. According to a study by ATTOM Data Solutions, the months of June, July, and August are some of most seller-friendly months of the housing market.

But, despite the summer being a popular time for real estate, it doesn’t mean you shouldn’t put some work in when trying to sell your home. By using some of these staging tips, you’ll make your home more welcoming to potential buyers.

Here’s What to Expect During the Appraisal Process

While many home buyers and sellers are familiar with the home inspection that occurs at the beginning of the contract period, they may be less familiar with another inspection that can have an even greater impact on the home sale: the appraisal. The home appraisal looks at the property, both individually and within the context of its market, to determine whether it is being sold at fair market value.

If you or someone you know is in the market to buy or sell real estate, I would appreciate the opportunity to earn the business. Thank you!