In a real estate environment that’s seen increasing prices for years now, we are keen on noting barriers when they are broken. Most recently, in 2020, the yearly average sales price in Longmont finally blew past $500,000. That same year the Carbon Valley surpassed $400,000 in average price. Sellers love this kind of news. Buyers…not [...]
Another great article from First American Title's own Odeta Kush. Where Can Potential First-Time Home Buyers Find the Largest Supply of Affordable Homes? Written by Odeta Kushi, Mar 23, 2021 6:30:00 AM In 2020, a combination of record low mortgage rates and millennials aging into homeownership boosted demand against a very limited supply of homes [...]
The new look stats are finally here! They aren’t any easier to create, but there is more consistency from month to month in the size and shape of the boxes and graphs. The best part is that giant head in the top right corner was shrunk to an acceptable size. Overall, the goal of [...]
Please join us in congratulating our very own Pam Brownhill for her promotion to an Escrow Officer in our Fort Collins office! Pam joined First American in 2017 and has held various positions such as receptionist, processor, escrow assistant and is now closing transactions! Congratulations Pam…we know your career as an Escrow Officer is BRIGHT! [...]
We’ve never seen a report quite like this one before. When you think about what we are looking at, it makes sense, logically. There are a couple things I’ve not seen in 15 years of reporting on real estate sales in the Greater Longmont Area. What these results mean for the near future of real [...]
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 [...]