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

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

News to Know This Month: Real Estate Update

With the recent dramatic changes in interest rates, people are asking, “How is the real estate market?”  I thought you might enjoy more information about this topic and some statistics to support this information. I’ve included some holiday giving ideas as well.

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Forecast Cooler

Winter is coming, and the housing market is slowly freezing over. Since late last winter, mortgage rates have risen more and faster than at any time on record going back to 1971. So what does that mean for your real estate market? Read More

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Share-a-Gift 2022

Words cannot express how grateful we are for the generosity of those who have donated to Share-a-Gift. The money and toys will be going directly to kids in low-income families…Read More

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Boulder Single Family Homes – Monthly Market Statistics

Here is the latest overview of our local market stats comparing the market from October 2022 to October 2021…Read More

News to Know This Month: Real Estate Update

It’s always a challenge to get good information when markets are volatile. It’s especially true in today’s real estate market, where headlines and industry analysts are painting contradictory pictures.

To try to get some clarity on the national real estate market, Keeping Current Matters (KCM) collected the most up-to-date forecasts from five of the most respected, research-intensive sources in the real estate industry. Three of the experts forecasted that homes will continue to appreciate in 2023, although at significantly slower rates than the past few years. Two of the sources calculated that home values will depreciate from 1.5 to 4 percent in 2023. Read More

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Forecast: Cooler

Since late last winter, mortgage rates have risen more and faster than at any time on record going back to 1971. Read More

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Veterans Helping Veterans

Longmont’s Veteran Community Project Village is a two-acre site featuring 26 tiny houses plus a 3,000-square foot Community Center. Read More

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Crazy Time to Buy?

Inflation is around 8%, impacting the stock market and fueling talk of a recession. Is this a crazy time to buy? Or is buying now a crazy-smart move? Read More

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Lighten Up

As days get shorter, interior lighting plays an even larger role in home life. Here are some suggestions, inspired by Mansion Global, for lighting interior spaces as we approach the winter solstice. Read More

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Closing More Transactions

Many partners refer WK Real Estate to individuals, families, and companies that need our services in the greater Denver Metro and Northern Colorado areas. Year to date, an astounding 90 percent of those referrals have resulted in a successful transaction. Similarly, for our clients who have real estate needs outside of our Colorado service area, we make referrals to our partners around the world with an 85 percent transaction success rate. These results far exceed industry averages and speak to the passion and commitment of our award-winning associates. Our team is here to deliver a great experience and successful outcome, regardless of where your real estate needs take you.

News to Know This Month

Please contact me for any of your real estate needs at: 303.810.8375

Local Nurseries and Springtime Flowers

April showers are right around the corner, meaning that it’s nearly time to start spotting flowers! As soon as nightly temperatures consistently stay above freezing, you can begin…Read More

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Days On Market – Simple number speaks volumes

DOM: Days on Market
The number of Days a property has been On the Market.
This simple number can speak volumes about a property. The longer…Read More

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Medical #MatchDay – New doctors need housing

You are there every day for your patients. We, at WK Real Estate, are there for you! 🩺 It’s Match Day! Were you or someone you know matched with…Read More