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In This Issue:
Tips for making good real estate investments
In this crazy, busy real estate market we've been witnessing over the past few months, it brings into question for many people - what's a good real estate investment? Those of us watching what's been happening in the market recently have seen dramatically low days on market stats, with over asking price offers becoming the norm for potential buyers and sellers. As the market continues to heat up, we'll start to see more activity - especially in the form of real estate investments. Here are links to a couple of great articles to read on real estate investments. Zillow's blog outlines 6 of the worst types of real estate investments that you should avoid, and CNN's Money Magazine created this useful online calculator to use as a snapshot of your ROI for real estate investments.
Apps that make moving furniture virtually painless!
Ever walk into a room in your home and think to yourself, "I wonder what it would look like if I moved the bed over here?", or how about "I wonder if a new couch would fit over there?" Sound pretty typical? One benefit to living in this great world of technology that we're (mostly) embracing, is there are tons of low-cost tools to help you plan out some new interior designs for your home. Be sure to check out this article from the New York Times that outlines their top pics for smartphone & tablet apps that allow you to design anything from a new layout for a room to your new dream house! This can come in real handy if you're looking to spruce up some areas in your home - whether it be with a new furniture arrangement, new (and differently sized) furniture, or even if you're planning to put your home on the market soon and need to do a bit of "de-cluttering".
Northern Colorado Economic Snapshot
2012 Units Listed - Single Family & Attached Dwelling
YTD* Units Sold - Single Family & Attached Dwelling
Source: Ires, LLC | *YTD represents through the month of March
As the Colorado real estate market ramped-up in 2012, one of the issues facing the Northern Colorado real estate market as 2013 began was available inventory of homes for sale when compared to previous years. Active listings are down, on average around 16 percent, in March 2013 when compared with March 2012. When comparing March 2013 to March 2012, single family & attached dwelling home sales are up 24 percent for Northern Colorado.
As spring deals with winter’s last feeble efforts to hang on, this is the scenario that exists across Northern Colorado, the Boulder Valley, and Metro Denver – fewer listings and more sales. Combined with low mortgage interest rates the result is a perfect storm, if you’re a seller.
Normally, scarcity creates demand, which in turn adds value to whatever is in short supply. Looking at the areas in Northern Colorado for the average sales value, here is what has happened to the average sales value for single family homes when comparing March 2012 to March 2013: Fort Collins (+3.9%): Greeley/Weld County (+18.3%); Loveland (+8.8%); and Windsor
Look for the Northern Colorado spring real estate market to continue to flourish. Available inventory will creep-up, but will continue to be swept-up by prospective buyers waiting in the wings. Mortgage interest rates have trickled-up over the past few weeks, but there are no signs on the horizon they will shift noticeably either up or down for the balance of 2013.
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