REAL ESTATE GOT YOU PUZZLED? YOUR SOLUTION STARTS WITH SOUND ADVICE
In a housing market that seems to shift direction like a wind vane, making predictions about what’s in store in the coming months is a bit like reading the magic 8-ball.
What remains clear is that life events – marriage, children, job changes, etc. – don’t stop, and when trying to make the best possible real estate decision for your future, it’s essential to arm yourself with the latest and most pertinent information about your local housing market.
Your trusted advisors at The Group are equipped to make that possible.
- First, with a 46-year track record in Northern Colorado, The Group provides a rare source of institutional knowledge to help clients make informed decisions about the local market.
- Next, The Group’s Partners are constantly on watch and taking deep dives for the annual, quarterly, monthly, weekly, and even daily, dynamics of the marketplace.
- The Group has access to numerous national, state, and local providers of consequential real estate data. The list of sources includes the Federal Housing and Finance Authority, the Colorado Association of REALTORS®, local boards of REALTORS®, major listing services, and the InfoSparks interactive data tool.
The bottom line is that good decisions come from good data, and The Group is poised to get the information in your hands so you can make informed decisions when needed.
Speaking of good data, here’s a statistical slice of Northern Colorado’s current housing market. As the accompanying charts show, real estate in our area continued to appreciate over the past 18 months, despite the unsettled market conditions.
MARK SMALL BUSINESS SATURDAY ON YOUR SHOPPING CALENDAR
For many Americans, the day after Thanksgiving needs little introduction – underlined on the calendar as Black Friday and renowned for door-busting discounts and waves of shoppers at big box retail outlets.
But don’t forget to save some love – and some of your holiday gift-buying budget – for the day after.
Small Business Saturday is a program launched in 2010 to raise the profile of independently owned and operated stores, restaurants, and entertainment venues. The nationwide initiative is gradually catching on in the consciousness of consumers, and bringing attention to the importance of small businesses in local economies.
According to American Express, a primary sponsor of Small Business Saturday, 67 percent of every dollar spent at a small business stays in the local community. Small businesses also donate 250 percent more to local nonprofits than large businesses donate.
Based on a 2018 study, the City of Fort Collins Economic Health Office reports that businesses with 100 employees or less represented 98 percent of all firms in the city, employed 47 percent of the workforce, and paid 40 percent of all wages.
The Group was founded in Northern Colorado in 1976 and has focused on serving local communities ever since. We see Small Business Saturday as a chance to embrace what sets our towns apart from other parts of the country. We encourage you to get out on November 26, or any time that suits your schedule, to soak up the sights and sounds of the season in your community. If that includes making a cash register ring at a local shop, then all the better.
HOW TO BOOST A LOCAL BUSINESS
Ideas for how you can help support small businesses:
- Post positive online reviews
- Recommend businesses to your friends and family
- Give gift cards as stocking stuffers
- Buy tickets to a local performing arts event or museum
- Order takeout service directly with the restaurant or from a locally based third-party app (such as Nosh, a delivery service collective owned by local independent restaurants) as national chains take a share of the sale price.
Source: Bankrate.com
FACTS ABOUT SMALL BUSINESS SATURDAY
- Occurs the Saturday after Thanksgiving (November 26, 2022)
- Founded in 2010
- U.S. Senate passed a resolution in 2011 that recognized Small Business Saturday
- Consumers have spent an estimated $163 billion since 2010, including $23.3 billion in 2021
- 51 million shoppers participated in SBS 2021
- Shoppers spent an average of $305 on SBS 2021
- A Constant Contact survey reports that 50 percent of Americans plan to “shop small” on November 26
- In 2021, 78 percent of small business owners said holiday sales determined their ability to stay open in 2022
Source: Bankrate.com
‘TIS THE SEASON TO BE TECHIE
Believe it or not, the holiday season is here. Smart home devices can make your home more efficient, safer, and in some cases, even save you money. Here are 3 awesome devices for everyone on your list.
1: SimpliSafe Home Security System
SimpliSafe makes a security system to accommodate homes and apartments of all sizes. The systems arrive ready to work and there is no drilling needed for installation. And best of all, there are no contracts. Learn more by clicking HERE.
2: August Wi-Fi Smart Lock
The August Smart Lock is easy to install and includes built-in Wi-Fi. You can lock and unlock your door using your smartphone or Apple Watch. And best of all, your existing keys still work. That’s peace of mind. Learn more by clicking HERE.
3: Ecobee SmartThermostat
The Ecobee has a large touchscreen and is easy to use. It also features Alexa and has a built-in speaker that plays music. There is even a lite version of the thermostat for under $150. Learn more by clicking HERE.
REAL ESTATE BY NUMBERS
- $11.7 million. Price paid by Fort Collins-based PetDine LLC, a pet-food supplements manufacturer, for a 49,668-square-foot industrial space in Windsor. PetDine’s new facility is located at 1132 Diamond Valley Drive.
- 4.1 percent. Predicted inflation rate for Colorado in 2023, down from 8.2 percent in 2022, according to the University of Colorado’s Leeds Business Confidence Index.
- $73.1 million. Price paid by a North Carolina company for the 252-unit Johnstown Plaza Apartments, located at the 2534 development near the intersection of U.S. Highway 34 and Interstate 25. The property includes a 7,140-square-foot clubhouse and a 38,185-square-foot equipment storage facility.
- 5,517. Number of first-year students enrolled at Colorado State University this fall, CSU’s largest first-year class on record.
- 1.39 percent. Average annual population growth in Colorado between 2010 and 2020, according to analysis by the Pew Charitable Trust.
- 6.3 percent. Projected average increase in the median sales price for homes in the United States between July 2022 and July 2023, according to the Knock Buyer-Seller Market Index.
- 100,117. Square footage for a new industrial building now under construction at The Boyd Lake Commerce Center in east Loveland. The project is part of a larger plan to build about 1 million square feet of commercial space on a 95-acre development site.
- $264,820. Average 10-year price growth between 2011 and 2021 for homes sold in Fort Collins, according to a report by Point2Homes.com. Colorado Springs saw similar price growth of $245,700, the report said.
- $6 million. Tentative price for the sale of the Monroe Elementary School building in Loveland. The Thompson School District authorized sale of the property, located near U.S. Highway 34 in central Loveland, to a Minnesota-based investor. The school is scheduled to be vacated after the current school year.
- 2.2 percent. Share of Colorado home purchases made by small, out-of-state, investors during the first half of 2022, according to an analysis by ATTOM Data Solutions.
- $278 million. Estimated investment that Colorado State University will make to upgrade and expand the school’s College of Veterinary Medicine and Biomedical Sciences, located on CSU’s South Campus in central Fort Collins. Groundbreaking for the multi-phase project is scheduled for 2023; completion is expected in 2028.
- 37.2. Estimated median age of Colorado’s population as of 2020, according to the latest data from the U.S. Census. The figure is up from 36.1 in 2010.
- $8.8 million. Price that Denver-based investors paid for a 33,296-square-foot office-flex building at 6707 Winchester Circle in northeast Boulder
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