Turnover Rate

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Turnover Rate?

A key statistic in residential real estate is the turnover rate. In a neighborhood of 100 homes, how many are likely to sell in the next year?

We’ve just done the research for both Larimer and Weld County. The turnover rate for both of these locations is roughly 8.5%.

In Larimer County there are approximately 80,000 owner occupied households and in the last year there have been approximately 7,000 sales of those homes. In Weld County the numbers are 67,000 households and 5,500 sales.

So, in that hypothetical Northern Colorado neighborhood of 100 homes, 8 to 9 of them will sell in the next year.

A couple interesting points about this turnover rate…

  • It has dropped from a few years ago when it was closer to 10% which means that people in Northern Colorado are staying in their homes a bit longer
  • It is slightly lower than the national average of 10% according to the National Association of Realtors

Save the date for our live Market Forecast event on January 18th at the Marriott in Fort Collins. Back by popular demand is Windermere’s Cheif Economist Matthew Gardner who will give you valuable and interesting insights into the real estate market. Reserve your spot at www.windermereforecast.com


We have big news. Windermere is coming to Windsor!. Our newest branch office is right in the heart of downtown next door to The Hearth Restaurant and Toast Coffee. Watch for a grand opening in mid-January.

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Posted on December 1, 2017 at 8:38 pm
Julie Maxwell | Category: Uncategorized | Tagged , , , , , , , , , , , ,

Homecoming

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It’s homecoming weekend at CSU which means that alums from all over the Country will be back to visit Northern Colorado.

So how does their real estate market stack up versus the place where they went to college?

Odds are, it’s not as good!

It turns out that there are only 9 metropolitan areas out of about 270 that have higher appreciation than Larimer County.

Interestingly, 3 of the 9 are in Washington and 2 of the 9 are in Oregon. So if they are visiting from the Pacific Northwest they probably have an even stronger market than here.

But pretty much everywhere else is below our market.

This is all according to the Federal Housing Finance Authority who tracks the nation’s real estate markets. They show that Larimer County has appreciated 12.08% in the last year which ranks 9th in the nation.

First place belongs to Mount Vernon, Washington at 15.14%. Last place is Atlantic City, N.J. which had a decrease of 0.77%.

So best of luck to CSU in their homecoming game and cheers to a healthy real estate market!

Today is our annual Homecoming weekend Tailgate Party. You are invited to attend. Click HERE for more info. You can bring family and friends to our office at 400 E. Horsetooth in Fort Collins. We’ll have taco trucks, beer, wine, margaritas, bouncy houses, pony rides and a live band! See you there!


We have jusimaget completed a comprehensive report for anyone thinking about selling their home. The Insider’s Guide to Selling Your Home (without any stress or surprises) is now available for you.

It is hot off the press and you can grab a copy by clicking HERE .

Claim your copy immediately so you can see everything you need to know to sell your home in today’s market.


Posted on October 13, 2017 at 6:50 pm
Julie Maxwell | Category: Fun Facts, Real Estate, Uncategorized | Tagged , , , , , , ,