Sellers

Here are some interesting facts from Attom Data’s report on House Flipping. Last year there were just under 309,000 flips of homes or condominiums which represents 8% of all transactions across the U.S. 37% of those were financed transactions and 63% were all cash The average gross profit for a house flip is $63,000  

A significant dynamic in the Front Range market is the relatively low inventory. This is the main reason why prices are stable despite higher rates. Here is some perspective on the inventory of homes for sale to help give some context. Recent inventory is: Half of the long-term average going back 30 years ¼ of […]

In addition to tracking the average price for sold properties, it is also interesting to track the average price for active properties. Asking prices are up across all markets when compared to the same time last year. Here are the average list prices for residential properties along the Front Range: Larimer County = $893,000 (8% […]

Net worth surged for American families during the pandemic era, largely because of increased home values based on the Federal Reserve’s Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. […]