Tag Archives: 2016

Colorado Real Estate Update 10-24-16

Redefy Real Estate Colorado market update Sept 2016September 2016 housing market statistics

SEPTEMBER 2016: The median sold price for Colorado took a slight dip from August to September. Median sold prices for all Front Range markets went up in September, with Greeley seeing the biggest increase. Data: RE Colorado.


Redefy Real Estate holiday give backHow will you #GiveBack? Read 36 Easy ways to give back this holiday season #RedefyCares


Term of the week:

Adjustable-Rate Mortgage (ARM): A mortgage loan with an interest rate subject to change over the term of the loan. The interest rate is tied to the performance of a specified market rate. Source: realtor.com

Neighborhood spotlight: Parker

Redefy Real Estate Colorado 10-24-2016 parker field house via tripadvisor

It’s estimated that almost 50,000 people call Parker home. Evidence of the first settlement dates back to the establishment of the Pine Grove Post Office in 1862. Famous pathways to the west (and gold country) such as Cherokee Trail and Smoky Hill Trails ran through Pine Grove, which became a rest spot for travelers.


See our Parker listings
Redefy Real Estate 21975 E Tallkid Ave Parker
21975 E Tallkid Avenue, Parker

The post office was relocated 20 miles south of Denver and became known as the 20 Mile House, which is still standing on Mainstreet between Twenty Mile Road and Parker Road. Since another Colorado city already owned the name Pine Grove, the town took on its nickname “Parker’s” (the name of major landowner). Parker was officially incorporated in 1981.

Parker still has a quaint historic downtown that hosts many community events, in addition to modern shopping centers. The parks and rec department boasts the state-of-the-art Parker Field House, miles of trails, sports fields and leisure parks. The arts have also found a modern home at the Parker Arts, Culture & Events (PACE) Center.

Parker has a variety of properties, from condos and townhomes to single-family homes and sprawling horse properties. There is still land available for custom builds. Trulia lists the October 2016 median sales price at $400,000 (up from $376,500 last year).

Redefy Real Estate. For the Important Things (not real estate commissions)

Local news

Redefy Real Estate Colorado update image by Citycommunications at English Wikipedia

Two Colorado zip codes make the US top five hottest markets list (7News Denver)

Biotech boom’s effect on Colorado real estate (Bisnow)

Appraiser shortage frustrates buyers and sellers (Denver Post)

Three Colorado cities predicted to top the nation in housing appreciation (BizWest)


Redefy Real Estate logoRedefy Real Estate is a full service residential brokerage serving buyers and sellers. We’ll save you thousands vs. commission when you list for a just $2,500*! #flatfeefullservice works!

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Colorado housing market update July 2016

Redefy Real Estate Colorado market update September 2016

July 2016 was strong for housing along the Front Range. Most markets continued to see an increase in median sold prices for single-family homes (detached and attached). The Fort Collins-Loveland dropped 14.8 percent, which could be viewed as simply a “settling” into a more realistic and sustainable price point.

The average Days on Market (DOM) held at 20 for the Front Range, while the overall median sold price dropped from $360K to $350K due to the FOCO/Loveland decrease.


Redefy Real Estate is a full service brokerage for buyers and sellers, offering savings through flat-fee listings.

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Top 25 Cities to Invest in a Rental Property

Redefy Real Estate Top 25 Cities Rental Property
Lexington, Kentucky, makes the list with affordable properties that generated increased rental income in Q1 2016. Photo: Zillow.

Real estate prices are rising across the country. Finding that home to turn into a rental property may have you looking outside your city. RentRange®, a single-family rental market data company, released a study identifying the top 25 cities in America to invest in rental homes.

The study analyzed the average rental rate increase and average gross yield (income return from an investment prior to operating costs) for single-family homes for the first quarter of 2016 (compared to Q1 of 2015). Data was collected on approximately 250,000 homes; sources include multiple listing services, property managers, landlords and listing web sites.

Continue reading Top 25 Cities to Invest in a Rental Property

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2016 Housing Market Springs Forward

Redefy 2016 Housing Market Springs Forward
SOURCE: National Association of Realtors

Strong Spring sales for existing and new construction bolstered optimism for the 2016 housing market. Continued low interest rates and increased inventory combined to provide more opportunities for first-time and repeat home buyers.

According to the National Association of Realtors, total existing home sales for the US went up 5.1 percent. This boost in the housing market reflects completed transactions for single family homes, townhomes, condominiums and co-ops. After a decline in February that concerned market-watchers, sales rose in all four US markets – the Northeast, Midwest, South and West.

“With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now.” — Lawrence Yun, NAR Chief Economist

“Buyer demand remains sturdy in most areas this spring and the mid-priced market is doing quite well. However, sales are softer both at the very low and very high ends of the market because of supply limitations and affordability pressures.” said Lawrence Yun, NAR chief economist.

According to the NAR report, the median existing-home price for all housing types in March was $222,700, up 5.7 percent from March 2015 ($210,700). This is the 49th consecutive month of year-over-year gains in the housing market. Total housing inventory increased 5.9 percent to 1.98 million existing homes available for sale (1.5 percent lower than a year ago).

Redefy 2016 Housing Market Springs Forward

The National Association of Home Builders (NHB) also reported confidence for new home construction. The NAHB/Wells Fargo Housing Market Index (HMI) reported that although single-family starts were down 9.2 percent from February 2016, the industry posted an overall 22.6 percent increase of single-family starts from March 2015.


Thinking about new construction? Read why You Need an Agent for New Home Construction.


As rents increase, Yun advises the housing market is poised for first-time buyers to aggressively seek out homes to buy: “With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now.”

#flatfeefullservice means you get everything you’ve come to expect when you buy and sell, plus you save thousands over traditional real estate commissions when you list with Redefy Real Estate.

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Fed Rates Hold for Spring 2016

Redefy Real Estate. Fed holds rates for spring but 2 hikes forecasted for 2016. Graph Bill Conerly.
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (graph by Bill Conerly for Forbes)

The Federal Open Market Committee (FOMC) led by Federal Reserve chairwoman Janet Yellen met Tuesday and Wednesday, March 15-16, to make its recommendation on fund rates.

After looking at the economy (and jobs in particular) in US and global markets, the board determined to “maintain the target range for the federal funds rate at 1/4 to 1/2 percent.” What does that mean for home buyers?

Continue reading Fed Rates Hold for Spring 2016

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