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Ault Real Estate Ninety Eight Percent Properties in Northern Colorado sell for 98% of their list price on average. This single statistic communicates two interesting facts about the market. First, this is not a market full of desperate sellers who are willing to accept low ball offers. Second, properties that are priced right are the ones that are selling. So, if […]
Blog No Omens 3/15/24 Shakespeare famously wrote, “beware the Ides of March” in reference to March 15th. However, when it comes to luxury real estate, there doesn’t seem to be any bad news on the horizon. Instead, properties priced over $1 million are certainly on the upswing. So far this year, there have been 26% more sales of […]
Blog In Demand For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate. According to the National Association of Realtors, the average price of a home in the United States is $486,000. Compare that to the average price in our major […]
Blog Small is the New Big The average size of new homes is dropping.  This is after a two-year period that saw size increase significantly.  This is according to the National Association of Home Builders’ Eye on Housing.The COVID-19 pandemic changed how much time people spent in their homes and also how they used their homes. Homeowners discovered a need for […]
Economics 101 Rate Prediction FEBRUARY 17, 2023 Our Chief Economist, Matthew Gardner predicts that interest rates will hit 5.4% by the end of 2023. His prediction is aligned with most expert real estate economists. While rates will continue to bounce up and down as the year goes on, the general trend will be lower rates. This prediction is mainly […]
Blog New Rankings The latest Home Price Index report has just been released by the Federal Housing Finance Authority. They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation. Here is the ranking of the top three states for price growth over the last twelve months: 1.  Florida = 29% […]
Blog What Gives?   “I thought the market was cooling off, so why are prices still going up?” This is a frequent question we hear from our clients. They are understandably confused by the fact that average prices have continued to rise at a rapid pace even though sales activity is slower than what it was 6 months […]
Blog Asking Price Drop Data just released by Altos Research shows that 35% of all homes on the market have had to reduce their asking price. This is the highest this number has been since December of 2019. This is also an indicator of sellers adjusting to the reality of the new market where overly aggressive pricing is not […]
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Blog Two Week Snapshot Here is a quick snapshot of our markets two weeks into July versus the same time last year… Larimer & Weld Counties: Inventory up 61% Transaction count down 44% Prices up 17% Metro Denver: Inventory up 62% Transaction count down 31% Prices up 12%
Blog Weeks to Months For the first time in almost two years, there is more than a month’s worth of inventory on the market. This means that at the current pace of sales, it would take more than a month to sell all of the homes currently for sale. This is certainly welcome news for buyers who have been […]
Blog The Best News The best news in a long time has finally arrived for buyers. Inventory is up, frenzy is down. Buyers who were frustrated, confused and disappointed by the market a few months ago are now coming back to find a much more reasonable environment. Demand is still high for sure.  However, the intense, frenzied competition has […]
Blog Delinquent Indicator A leading indicator of the health of any real estate market is Mortgage Delinquencies. Specifically, the percentage of mortgages which are at least 30 days delinquent can foretell the amount of distressed properties that may hit the market in the future. The most recent research shows that only 4.11% of all loans are delinquent. This […]
Blog Active Average While we frequently research and discuss average prices for properties that sell, it is also interesting to look at the average prices for properties that are active on the market but not sold yet. These are the average prices, by area, for properties currently listed for sale and not sold yet: Metro Denver = $954,000 […]
Blog Rate Perspective MARCH 25, 2022 Given the recent increase in mortgage interest rates, we think a little perspective is in order. The average 30-year rate for the last 40+ years is 7.5% Rates are now back within the range where they were between April 2018 and February 2019 Between January 2000 and December 2009, the high was […]
Blog Buy Before 5 30-year mortgage rates just exceeded 4% for the first time in three years according to Freddie Mac. We have new advice for anyone considering a home purchase in the next couple of years. Buy before 5.  This means buy before rates go to 5%. Even though rates have been ticking up over the last several […]
Blog 3.2 Trillion March 17, 2022 The new CoreLogic Homeowner Equity Insights report shows that homeowners in the U.S. have seen their equity increase by a total of $3.2 trillion over the last 12 months. Their data shows that 63% of all homes have a mortgage. On average, U.S. homeowners gained $55,000 while the average increase in Colorado […]
Blog Townhome Surge Townhome construction has surged in the last 12 months.  This is welcome news for first-time buyers who benefit from the lower prices that multi-family product tends to provide. According to the National Association of Home Builders, townhome construction has jumped up 28% compared to the previous year. Townhomes now represent 13% of all new residential […]
Blog War and Interest Rates Our clients are curious to know what the conflict in the Ukraine will mean for mortgage rates. The short answer is down in the near term and up in the long term. Generally speaking, economic and political uncertainty drive people to invest in bonds rather than stocks, which puts downward pressure on interest rates. So, […]
Blog Money at a Discount This week, for the first time in 32 months, mortgage rates hit 4%. While this increase may feel painful for buyers currently looking at property, it is important to put today’s rates in perspective. We believe we will look back a few years from now and see that a 4% rate was like buying money […]
Blog Rent Record Records continue to be broken in real estate, including the rental market. Rents just rose another $2 per month to $1,594, a new record. The annual rent growth of 13.5% nationally in 2021 was more than double any previous year, and apartment absorption counted nearly 600,000 units, which is roughly 50 percent more than the […]
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