If you want to build equity in a house, buy a home in Longmont. Better yet, buy a condo or townhome in Longmont. If you would have bought either one in 2014, you would now have an equity gain of over 60%. Many people couldn’t buy seven years ago and at this time last year, [...]
Last month we talked about the record prices seen in Longmont this year. A quick review for those who didn’t see the report – in 2020 we’ve experienced the 5 highest ever monthly average prices (make it 6 with this month’s results) and each of them was over $500k. Price is just one component [...]
There is a lot of news in this report, so let’s start with big news for us here at First American Title. We are proud to announce that Mark Miller has joined our team in the Longmont office as Branch Manager. He will continue closing for his clients and we will look to expand his [...]
Break out the thesaurus kids because I've run out of words to describe this market. With no further introduction, let's see what the charts and data say. They say Longmont is now Crazy Town. And, it's not just Longmont. The Carbon Valley just put a stranglehold on their Market of the Year Award that was [...]
Local real estate sales in August 2020 just blew my mind! We are clear on what is happening around us economically due to the lock down restrictions. Retailers, restaurants and businesses, big and small are struggling. People are out of work and many have died, so why is real estate doing so darn well? There [...]
We've been living in a record setting real estate market for several years. Every time we set a record, we break it. Even amidst a global pandemic, we set records to the downside, only to set new ones on the recovery. I think I'm getting whiplash. Let's see what surprises are in this month's report. [...]
Maybe I should set my expectations a little higher. When I sent stats out a month ago, I was hoping we'd reach 105 single family sales in June. My prediction was that if we did, the rest of the summer would show normal sales activity. The thought process behind this was all about the gradual [...]
I'm going to begin this stats report with a quote from First American Chief Economist Mark Fleming. "Monthly data that looks back 3-4 weeks is old news. We know from the faster moving data - mortgage applications, showings, bidding wars - that April really was the trough, I think, for the housing market. The existing-home [...]
I've been anxiously awaiting these end-of-month stats from April. From all the calls and emails I've received in the past week or two, I can tell many of you have been as well. I'm sure for you Realtors out there it was in preparation for last Monday when y'all could start listing and showing homes [...]
Well, amid a global pandemic, real estate sales are booming... for now. We saw a very high number of closings in March, but those were mostly contracts written in February. What we have seen in our offices is a record number of orders in March, which should lead to some fairly solid closing numbers for [...]