January 2017

Tips to declutter and reduce stress in your home
It's the new year, so maybe it's your resolution this year to finally get a grip on the daily, never-ending home upkeep. As you wrap away the holiday decorations for yet another year, you're finally breathing a sigh of relief as the season of "get togethers" (and all the cleaning stress that they bring) is finally coming to an end. The holiday season is always a great reminder to us that keeping everything neat and organized in your home isn't always the easiest task. You may find that your house is not only due for a post-holiday cleaning, but it's also a good time to think of ways to avoid an annual massive clean-up next year. If this sounds like your household, then this article will give you lots of great tips on tackling household clutter head on.

Why this should be your 6th New Year Resolution
He who hesitates is lost, and the beginning of our shiny new 2017 is not the time to be lost. Let’s agree not to hesitate with our plans to move on, move up and move forward because this is a terrific time to make all your resolutions for change including your real estate resolutions!

Speaking of resolve, while most of us are pretty familiar with the top 5 reasons we resolve to hire ourselves agents to represent us in our sale or purchase of real estate, such as these:
  1. Agent understanding of market values in order to assist with list or offer price
  2. Agent experience with the process
  3. Agent ability to negotiate on our behalf
  4. Agent knowledge of the current marketplace
  5. Agent skill to do the paperwork for us
Would you be surprised to learn there is one more important reason to resolve to hire an agent to represent you when you purchase or sell a home this coming year?

Adams County Market Insight
November 2016 Snapshot
  2016 2015 % Change
Active Units 86 75 14.7%
Units Sold 91 45 102.2%
Average Days on Market 53 42 26.2%
Median Sales Price $322,500 $263,300 22.5%
Source: REColorado | Information deemed reliable but not guaranteed
While the icy finger of winter finally engulfs our ‘burbs and blankets the mountain tops with promises of H2o run-off come spring, we look back at 2016 and all we can think about is “What will 2017 bring to the real estate market in Colorado?!?”

At least, if the industry happenings are of interest to you, this may be what you are focused on as you read this and the year comes to a close.

Final statistics nationally for November aren’t available yet, but we can get a glimpse into what we might expect for year-end as we look at October. And we find that October housing starts surged. That’s the report by the Commerce Department, climbing up 25.5% from September.

This is the highest level we’ve seen since September 2007. Single-family starts, which make up the largest share of the market, jumped nearly 11%, while multi-dwelling starts skyrocketed by 68%. Year over year housing starts were up 23.3% with October building permits rising 0.3%.

Autumn may typically be the time of year when home sales start to slow down but new numbers show sales of previously owned homes up for the second straight month and at their highest annual pace since February 2007.

The data, from the National Association of Realtors, shows October sales up 2 percent over the month before and 5.9% above last year’s estimate. Lawrence Yun, NAR’s chief economist, says the past two months have been an autumn revival for the housing market.

“October’s strong sales gain was widespread throughout the country and can be attributed to the release of the unrealized pent-up demand that held back many would-be buyers over the summer because of tight supply,” Yun said. “The good news is that the tightening labor market is beginning to push up wages and the economy has lately shown signs of greater expansion. These two factors and low mortgage rates have kept buyer interest at an elevated level so far this fall.” Sales were up in all regions.