The Alta plan is a beautiful 3 bedroom, 2 bathroom home at 7125 Silver Ct with high end finishes backing to the greenbelt. Entertain in a gourmet kitchen featuring 9′ cabinets with full height back-splash below, quartz counter tops, wall oven/microwave, SS appliances, 5 burner gas cook top, SS hood, and fire clay farm sink. Opening up to a vaulted 10′ great room with hardwood floors throughout and a cozy fireplace. Your mud room allows for extra storage and access to the 3 car garage. Photos are of a previously built home and are used as example. Buyer can make selections. Call for your private showing at 970-402-7509 for more information or click the link below for more details.
This stunning home located in the desirable Wild Wing area at 2648 Majestic Views Dr with a fresh and modern design includes an open ﬂoor plan and large kitchen with stainless steel appliances, over-sized island and 10′ cabinets all opening up to a 13′ great room which showcases space for entertaining, including a large 10′ basement complete with full wet bar and daylight windows giving you extra light! Enjoy the fantastic deck and backyard that opens to a beautiful green belt for extra breathing room. Call for your private showing at 970-402-7509 for more information or click the link below for more details.
The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park Counties) is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.
Colorado continues to see very strong job growth, adding 72,800 non-agricultural jobs over the past 12 months—an impressive increase of 2.7%. Through the first five months of 2018, the state added an average of 7,300 new jobs per month. I expect this growth to continue through the remainder of the year, resulting in about 80,000 new jobs in 2018.
In May, the state unemployment rate was 2.8%. This is slightly above the 2.6% we saw a year ago but still represents a remarkably low level. Unemployment remains either stable or is dropping in all the markets contained in this report, with the lowest reported rates in Fort Collins and Boulder, where just 2.2% of the labor force was actively looking for work. The highest unemployment rate was in Grand Junction, which came in at 3.1%.
HOME SALES ACTIVITY
- In the second quarter of 2018, 17,769 homes sold—a drop of 2.4% compared to the second quarter of 2017.
- Sales rose in 5 of the 11 counties contained in this report, with Gilpin County sales rising by an impressive 10.7% compared to second quarter of last year. There were also noticeable increases in Clear Creek and Weld Counties. Sales fell the most in Park County but, as this is a relatively small area, I see no great cause for concern at this time.
- Slowing sales activity is to be expected given the low levels of available homes for sale in many of the counties contained in this report. That said, we did see some significant increases in listing activity in Denver and Larimer Counties. This should translate into increasing sales through the summer months.
- The takeaway here is that sales growth is being hobbled by a general lack of homes for sale, and due to a drop in housing demand.
- With strong economic growth and a persistent lack of inventory, prices continue to trend higher. The average home price in the region rose
9.8% year-over-year to $479,943.
- The smallest price gains in the region were in Park County, though the increase there was still a respectable 7%.
- Appreciation was strongest in Clear Creek and Gilpin Counties, where prices rose by 28.9% and 26%, respectively. All other counties in this report saw gains above the long-term average.
- Although there was some growth in listings, the ongoing imbalance between supply and demand persists, driving home prices higher.
DAYS ON MARKET
- The average number of days it took to sell a home remained at the same level as a year ago.
- The length of time it took to sell a home dropped in most markets contained in this report. Gilpin County saw a very significant jump in days on market, but this can be attributed to the fact that it is a very small area which makes it prone to severe swings.
- In the second quarter of 2018, it took an average of 24 days to sell a home. Of note is Adams County, where it took an average of only 10 days to sell a home.
- Housing demand remains very strong and all the markets in this report continue to be in dire need of additional inventory to satisfy demand.
This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.
For the second quarter of 2018, I have moved the needle very slightly towards buyers as a few counties actually saw inventories rise. However, while I expect to see listings increase in the coming months, for now, the housing market continues to heavily favor sellers.
Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.
Don’t miss this fantastic ranch home at 7404 Thistledown Dr featuring a brand new kitchen with Kitchen Aid appliances, extra cabinet & counter top space, under cabinet lighting, soft close hardware, double oven & more. Open floor plan with living room surround sound, main floor master & separate formal dining space/office. Large basement rec space & fantastic 8 chair theater room, perfect for entertaining. With one of the largest lots in the area and a beautiful deck, this home has it all! Call for your private showing at 970-402-7509 for more information or click the link below for more details.
This beautifully updated home at 807 Table Mountain Ct located in central Windsor boasts new paint, new carpet, and new windows with updated flooring in the kitchen and bathroom. Move in ready, this home has a large and bright living space connecting to the kitchen with an eat in dining space. The lower level has a large master suite with walk-in closet, custom shelving and remodeled master bath. Enjoy the lower level room for additional living space, ofﬁce or workout room. Call for your private showing at 970-402-7509 or click the link below for more details.
Featuring 5 Bedrooms, 5 Bathrooms And A 3-Car Garage!
An ideal location, south of Scheels, near the I-25 / 34 interchange and Loveland Centerra. Enjoy an expansive west facing deck on a large lot, boasting beautiful views of the Front Range, with open space behind. This gorgeous home features: a gourmet kitchen, custom handrail, hardwood floors, high-end appliances, 13′ great room and a finished 10′ basement with wet bar and a large rec room. The energy efficient design includes 2 x 6 construction, upgraded insulation and dual zone high efficiency furnace.