Labor Day; the unofficial date that is marked as the symbol for the end of summer. By the beginning of September each year, schools are back in session, the weather starts to shift, and pretty soon all of the other fall and winter annual activities are getting marked on the calendar yet again. As with the many other social cues, the real estate market has its own unintentional shift once the Labor Day holiday has passed. As many people looking to buy and sell align their real estate needs with things like school schedules (especially if they have kids), that makes the summer months typically the busiest of the year in the real estate industry. Many folks start home shopping in the late spring so that by the time the school year rolls around at the end of August, they will be fully settled into a new home. Yet, that story isn't true for all home buyers and sellers. There are several other advantages to buying and selling in the fall real estate market - but for different reasons. There's less of a "frenzy" with these slower months, thus lowering the competition factor for both buyers and sellers, which could be beneficial in either case. Be sure to read the full article here, from the Trulia blog about how the market changes during the fall months.
One of the great things about living in Colorado is the plethora of scenic mountain drives that this great state has to offer. No matter where you live in Colorado, much of its beauty can be seen in a day trip or quick weekend getaway.
And there's no doubt that arguably, the most gorgeous time of the year is when the fall leaves start to turn. Across the Colorado Rockies, you'll see spectacular reds, oranges, and yellows littering the mountain sides - but only for such a brief time.
That's the downside to living in Colorado. The weather can be a bit unpredictable at times, so you never know how long the fall beauty will last before that first snowfall hits.
To make the most of this fall season, we've included some local attractions to visit if you want to experience some breath-taking mountain beauty! In no particular order, here are some must-see destinations to put on your bucket list this fall!
Source: REColorado | Information deemed reliable but not guaranteed
Just about every real estate agent has a story about the buyer who was very particular about what they wanted in their new home, then bought almost the exact opposite in the end!
When you walk into the perfect home, you just know it, even if it doesn’t get any check marks on the “must have” worksheet. That’s just one of the quirky truths in the real estate business that has no logical explanation. It simply is what it is.
With the warming weather of July 2016 we happily discover that our real estate market in Broomfield/Westminster, along with the rest of Colorado, is still listed as the hottest market in the country!
Of the 328 homes available for sale, a mere 41 less than 2015 at this time, 358 of them have successfully sold and closed this past month. While July 2015 saw sold homes flying off the market in 17 days, the 2016 July crop took 19 days to attract and close the deal on new owners.
Now that almost 80% of homeowners have regained equity, the median sales price jump to $299,900 over last year’s $336,000 is not that big of a surprise.
We’re still keeping an eye on new home starts, which have just begun to move higher along with the mercury in our thermostats. Sellers that might have taken advantage of the sales opportunity presented in the current market previously appear to be experiencing some frustrations. They may no longer feel stuck by lost equity, but still feel thwarted in their move up efforts by lack of inventory to move up to!