A History Lesson

 

With the stock market on a wild ride and the Dow Jones dropping nearly 1,000 points last week, it makes some people wonder if the local real estate market might also crash or at least “correct.”

A little history lesson on the Front Range real estate market is in order. 

 

  • In the last 40 years average appreciation per year has been 5.5% 
  • Highest appreciation in a single year was 15.9% in 1994
  • Lowest appreciation rate in a single year was -4.0% in 1982
  • In 2008 Wall Street was in turmoil, the stock market plummeted and the Dow Jones dropped 33.8%. Meanwhile real estate along the Front Range dropped only 2.2%.

 

Bottom line, the Front Range market has no history of crashing or even experiencing a major correction.

Why is that?

The answer is fundamentals.

Our local economy has inherent fundamentals that insulate it from big downturns. 

We have an incredibly diverse economy which is not reliant upon a single industry.  We have all the way from health care, to technology, agriculture, oil and gas, major universities, and financial services (just to name a few).

We are a global destination with a major international airport.

Oh, and the quality of life here isn’t too shabby.

Prices of real estate, just like prices of anything, come down to basic economic principles of supply and demand.

Because of our diverse economy and desirable quality of life, there has been strong, consistent demand for housing along the Front Range.

While there may be little bumps along the way, over the long term our market has proven that it performs.

Posted on March 11, 2020 at 3:19 pm
Justine Marx | Category: Economics, Sellers, WHO LOVES STATS | Tagged , , , ,

March 2020 Market Update

 

Okay, Northern Colorado its time for your monthly March Market Update! There is a HUGE benefit for buyers in today’s market with interest rates being below 4% or even lower in some cases. Take advantage of this insanely low interest rate so you can start taking advantage of this appreciating market.

Average Single Family Home January 2020 Price Breakdown:

Larimer County:

  • Fort Collins: $479,292 +4.6
  • Loveland: $459,397 +11%

Weld Country:

  • Windsor: $438,102 +0.9%
  • Severance: $384,344 +2.4%
  • Greeley: $334,754 +5.7%

Call me today to get updates on your specific neighborhood or city.

Posted on March 4, 2020 at 9:44 pm
Justine Marx | Category: Buyers & Sellers, Colorado Real Estate Market, WHO LOVES STATS | Tagged , , , , , ,

How We Rank

 

 

 

 

 

 

 

 

 

 

 

 

City                        Rank                Appreciation

Boulder                        65th                   8.76%

Colorado Springs      15th                    11.54%

Denver                        30th                    10.16%

Fort Collins                85th                    7.51%

Grand Junction         58th                   9.01%

Greeley                        45th                    9.51%

 

Posted on September 24, 2018 at 8:24 pm
Justine Marx | Category: Housing Trends | Tagged , , , ,