News to Know This Month

As forecasted, January has had a slow start to the housing market. With interest rates not predicted to decrease until later this year, many perspective home buyers and sellers are bidding their time. Sellers find it hard to justify moving when their current interest rate is so much lower than the market rate, and buyers are hoping to increase their budget when the rates come down.

However, if you need to buy or sell, now is actually a perfect time to do so. With less competition in the market, homes are selling on average in about two months (see stats below) and buyers have a chance to shop and negotiate. It’s a good time to be a buyer OR seller.

If you want to discuss your real estate plans for 2024, I’m always available. I’m also a great resource if you need reliable contractors or advice on home improvement ROI.

~Andria Allen

303-810-8375

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Real Estate Predictions for 2024

Whether you’re a prospective homebuyer, seller, or investor, understanding the potential trends and shifts in the real estate landscape is key to making informed decisions…Read More

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Navigating Mortgage Options

When it comes to financing a home, there are an array of mortgage options. Here are some common terms to know in this market…Read More

News to Know This Month: Real Estate Update

News to Know This Month

A picture is worth a thousand words. We’ve all heard this saying many times over, but I was recently thinking about this quote while flipping through photos for a property a buyer was interested in seeing.

Photography really does make a difference in someone’s interest to see a house. It’s the first visual clue as to how new memories might be made, how your next big get together might feel, or how cozy nights might be spent. It’s the hook that starts the next steps in the journey.

Sometimes it’s the little details that end up being the really big details when it comes to buying or selling a property. From the photographer selected, to the fine print in the contracts, to how easy it is to set up a showing and view the property.

The transaction is more than just signing an offer and exchanging money at the end. These little details are the parts I love fine tuning to make an experience truly exceptional from start to finish. I’m thankful that I get so many opportunities throughout the year to refine these details while doing what I love.

As the holiday season is right around the corner, I’d love to hear some things you’re especially thankful for this year!

~Andria Allen

303-810-8375

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Pros and Cons of Buying New Construction

With limited inventory, many buyers are looking at new construction. Is this the right choice for you? Read More

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What to Look for in Home Owners Insurance

Whether you own a property or in the process of buying, it’s important to understand the finer details of your home owners insurance before a disaster happens…Read More

News to Know This Month: Real Estate Update

News to Know This Month

Where are all the showings? This is the most common question I’m hearing from sellers right now. The home is priced well, the condition is great, but the total number of showings are lacking that frenzied back-to-back showing schedule we saw previously.

And that’s okay.

It only takes one serious buyer and showing to sell a house, and I can assure you buyers are still out there. However, we are in a market where we need to be patient and confident that a home will sell, it just may take longer overall with showings spread out over a period of time.

Buyers, this doesn’t mean you can necessary get a home for significantly under asking price, as many sellers know the worth of their home and aren’t willing to take a low offer. However, this does mean there is typically room for more negotiation. The most common trend I’m seeing is sellers offering concessions that can be used to buy down an interest rate or be used toward closing costs. This can lessen the total amount of cash you’ll need to bring to the closing table.

As always, let me know if I can offer any assistance with your real estate needs!

~Andria Allen

303-810-8375

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Corn Mazes and Pumpkin Patches

Your guide to corn mazes and pumpkin patches along the Front Range is here, complete with an interactive map…Read More

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20 Questions to Ask When Selling a House

Thinking about selling soon? Here are 20 questions to ask your real estate agent as you prepare to sell your home…Read More

News to Know This Month: Real Estate Update

We know it’s been a scorching summer in some parts of the country, while Colorado has remained relatively cool. But what about the temperature of Colorado’s real estate markets? The Realtor.com Market Hotness Index indicates the degree to which a given area experiences fast moving supply and high demand. Here are how Colorado’s major cities land on the hotness gauge this month:

While the nation’s median list price declined compared to the same time last year for the second month in a row, things looked slightly better in the greater Denver metro area. Median price in July 2023 came in at $675,000, a respectable 3.8% increase year over year, thanks in part to the classic effects of supply and demand. Read Full Article

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Local Snapshot

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Insurance Tips for Wild Weather

Virtually every rooftop on the Front Range has been hit by hail. It’s not a question of “if” but when, how often and how big…Read More

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The Math on Solar

Chances are, you’ve seen rooftop solar panels in your neighborhood and might be wondering if solar makes financial sense for you. Here are some considerations…Read More

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Gas Mandates on Horizon

Boulder’s 2023 energy code will likely include an update that bans gas hookups in new construction. Find out why! Read More

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Decoding the Housing Market

Is another correction coming to the housing market? Even the most reliable source can’t agree. See how predications have changed since the beginning of the year…Read More

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Rhythm at Roosevelt

For the past several years, WK Real Estate has been a proud sponsor of Rhythm on the River. This year we’re continuing the tradition as the event transforms into Rhythm at Roosevelt and moves to the cooler month of September. This one-of-a-kind music festival features live music, food trucks, beverages, and fun for all ages. Join us September 16 from 2:00 p.m. to 10:00 p.m. at Roosevelt Park in Longmont. Be sure to stop by our booth for some fun giveaways!

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News to Know This Month: Real Estate Update

News to Know This Month

I recently read a headline reading “buyers think it’s 2008 and sellers think it’s 2022”, and that perfectly sums up our current market. Buyers are looking for a deal, thinking higher interest rates and the country’s economics are keeping home prices down, similar to when the market crashed in 2008. Sellers, on the other hand are feeling like houses are selling quickly due to inventory shortages, thus making it a strong seller’s market similar to 2022.

So what is the market really doing? In most areas along the Front Range, homes in good condition and priced under $500,000 are selling incredibly quickly with the renewal of the infamous bidding wars.

However, homes at higher price points are taking much longer to sell than the 2022 market. This is evident in the stats chart below, looking at Days on Market. Boulder, with the highest median price point, also has the highest days on market (up 93% compared to the same time last year).

Move-in-ready homes are definitely the most desirable home right now, making renovations prior to selling more important than in past markets. If a home needs work, even if it’s priced well, you can anticipate it taking longer to sell.

As always, let me know if I can offer any assistance with your real estate needs!

~Andria Allen

303-810-8375

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The Value of a Home Inspection

A home inspection is a crucial step in the home buying process because it can reveal potential problems that may not be apparent to the buyer during a showing or walk-through…Read More

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A Star Gazing Guide in Colorado

Colorado offers a remarkable opportunity for star gazing enthusiasts to immerse themselves in the wonders of the universe during these warm summer months…Read More

News to Know This Month: Real Estate Update

News to Know This Month

As summer reaches its peak, the real estate market is ablaze with activity. However, the current state of affairs leans towards a buyer’s market.

With the market down, prices have dipped, resulting in lower price tags, longer days on market, and fewer sales overall. Despite this trend, properties priced under $500,000 continue to fly off the shelves, especially attracting first-time home-buyers.

One significant factor affecting the market is the high interest rates. Many prospective buyers and sellers are adopting a cautious approach, waiting for more favorable conditions before diving into the market.

As always, let me know if I can offer any assistance with your real estate needs!

~Andria Allen

303-810-8375

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How To Win A Real Estate Bidding War

In a hot real estate market, it’s not uncommon for buyers to find themselves in a bidding war for their dream home. Bidding wars can be intimidating, but there are strategies you can use to increase your chances of coming out on top. Read More

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Boulder 4th of July Celebration is Back!

We’re excited to announce a whole new experience for Boulder’s 2023 4th of July celebration! Join us at Folsom Field to experience Boulder’s first night sky drone show in place of traditional fireworks. Read More

News to Know This Month: Real Estate Update

News to Know This Month

A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But the most recent data shows that national home prices appear to have bottomed out. If you’re waiting to buy, now’s the time to do it.

If you’re waiting to sell, a well priced, move-in-ready home will sell quickly in the Front Range market. I’ve heard from several sellers about how the high interest rates on a new loan are deterring them from selling right now.

If that’s the case, you can review your options to see what might make sense, such as leveraging the equity in your current house to reduce the amount of your next mortgage or accepting a higher interest rate now with a plan to refinance if rates drop in the future.

As always, let me know if I can offer any assistance with your real estate needs!

~Andria Allen

303-810-8375

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What Are The Most Common Fair Housing Violations?

April is National Fair Housing Month! Check out the most common fair housing violations landlords make so you can be better prepared…Read More

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Best Hikes In the RMNP

The Rocky Mountain National Park is full of gorgeous hikes, lakes, mountain tops, and wildlife. Here’s a list of some favorites! Read More

News to Know This Month: Real Estate Update

News to Know This Month

Real estate is always a hyper local market, where home prices and strategies can change from street to street. This spring market is proving this concept true to an almost extreme level in our area.

The right house at the right price is receiving multiple offers in some specific pockets along the Front Range. However, it’s more common to see a home close by patiently waiting for the right buyer to come along and submit an offer.

Looking at the stats below, you can see the overall Front Range sales follow suit with national trends. A lower number of sales and decreased median prices are seen overall as the extreme over-asking price offers of last year are no longer prevalent.

~Andria Allen

303-810-8375

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What’s Ahead for Home Prices in 2023

As we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond. Read More

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Front Range Easter Egg Hunts!

Easter egg hunts are returning to the Front Range this year! Here’s an eggstravagent list of some of the top spots for you and the young ones to hop around and hunt for goodies! Read More

Black Diamond Top Producing Real Estate Agent Recognition by 5280 Magazine

I have been selected as a Black Diamond Top Producing Real Estate Agent by 5280 Magazine for 2023. This selection is based on nominations from real estate brokerages in seven metro-area counties and on sales volume for the prior year.  Thank you to all my wonderful clients who trusted me to help with the sale or purchase of a property.  I am honored to be a member of this group.

If I can help you, or someone you know, with a real estate transaction, questions or home valuation, please don’t hesitate to contact me. You can reach me via my website at www.andriaallen.com.

News to Know This Month: Real Estate Update

News to Know This Month

New year – new market! We’re already seeing more listings on the market with the start of the new year. Some early open house traffic and buyer commentary suggests our local markets still have a lot of interested buyers coupled with limited choices.

Interest rates are continuing a downward trend, bringing buyers back to the market who paused their home searches in 2022. As the spring market develops, we should see an increase in properties to help alleviate the pressure.

Overall, it’s an exciting start to 2023 for both buyers and sellers!

~Andria Allen

303-810-8375

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New Year, New Trends

Is a home renovation on your 2023 list of resolutions? Whether you’re hiring a contractor or DIY-ing it, here is some inspiration to upgrade your space. Read More

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Waiting for 3% Rates?

The recent pullback in mortgage rates is great news – but if you’re ready to buy now, holding out for 3% is a mistake. Read More

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Maximize Rental Income

Buying a rental property may be a good addition to your portfolio, and ensuring a good rate of return means getting the most out of your investment. Read More