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    Friday Fun Facts – The 12 Facts of Real Estate

    While your true love may be getting you a partridge in a pear tree in the near future, we decided to give you the 12 facts of Colorado real estate:

    • 1 is the ranking Colorado owns for long-term home price appreciation versus all other states
    • 2.6% unemployment rate in Colorado right now
    • 3.73% mortgage rate for a 30-year mortgage which is about half of the long term average
    • 4.7% apartment vacancy rate in Metro Denver, the lowest since 2015
    • 5.5% is the long-term average for yearly home price appreciation along the Front Range
    • 6,000,000 live in Colorado
    • 7,000 residential properties are for sale in Metro Denver right now and the average for this time of year is 14,700
    • 80,000 is the number of people that is added to our state’s population each year
    • 9 homes are for sale in Larimer and Weld County priced over $2,500,000
    • -10% is the decrease in new home construction in Larimer County compared to last year while Weld County grew by 17%
    • 11 times in the last 40 years home prices have gone up at least 8% along the Front Range
    • $1,202,488 is the average price for a single-family home in the City of Boulder

     

    It’s time to register for our annual Market Forecast event.  We will be live at 5:30 on January 16th at the Marriott in Fort Collins.  Back by popular demand is our Chief Economist Matthew Gardner.  Save your seat HERE.


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