The Billy Miles Real Estate Page

01/25/2024

12/03/2021

My gym today.

06/05/2021

WOW!

600 Dragon Canyon Road | Fully Custom Modern Mountain Home is truly breathtaking! Sitting on 3.25 acres at the end of private cul-de-sac you...

01/03/2021

“The best time to plant a tree was 20 years ago. The second best time is NOW.” If 2021 is the year you plan to lay some roots in Northern Colorado the time is now. Link in bio for full report.

10/21/2020

https://www.reuters.com/article/us-usa-economy/u-s-single-family-homebuilding-permits-surge-to-more-than-13-year-high-idUSKBN2751U2?utm_source=morning_brew

U.S. single-family homebuilding raced to a more than 13-year high in September, cementing the housing market's status as the star of the economic recovery amid record-low mortgage rates and a migration to the suburbs and low-density areas in search of more room for home...

10/20/2020

Solving a September Puzzle

Perhaps the safer-at-home lifestyle has meant more time on your hands – an extra half hour here or there to fiddle with the crossword or the brain teaser in the back of the morning newspaper.

Well here’s a puzzle for you. Better yet, let’s call it a story problem.

Demand and supply going different directions

Demand for housing in Northern Colorado is rampant. In September, home sales increased in nearly every local city and town by double-digit percentages over September 2019, ranging from 15 percent growth in Greeley to 112 percent in Berthoud. That’s right: 1-1-2.

At the same time, the supply of houses for sale keeps sinking, particularly in the larger communities. Inventory in Fort Collins is down 43 percent from September 2019, Greeley 47 percent and Loveland 54 percent.
Can you figure out what that means for Northern Colorado’s real estate market?

It’s competitive … and it’s complicated

With these two market forces at odds, homebuyers have to hustle. Homes that are available aren’t available for long. And more competition for fewer opportunities means multiple offers on each house, and more scenarios with cash offers.

But wait. If I can’t buy the existing house I want, what about just building new? After all, aren’t interest rates at record lows for home loans? Maybe that’s my answer to the puzzle?

Yes. And no.

Indeed, mortgage rates are ripe for the picking and today’s buying power is extra sweet. But at the same time, there are challenges. The cost of building materials (lumber, etc.) keeps going up, water prices are increasing, and the fallout from the Covid-19 pandemic is making it challenging to get supplies on time.

That said, there are some fantastic builders in our region who are building in some choice locations. So, the answer to Northern Colorado’s real estate puzzle?

It’s complicated.

We put together some of the pieces of the puzzle
in our Monthly Market Report.

09/14/2020

Available Now with Price Improvement!! $425,000! This wonderful ranch-style home in Johnstown comes with many upgrades!! Link in bio for more info and pictures. Message me to set up a private showing!

09/10/2020

NEW LISTING! Charming ranch-style home in Johnstown listed at $439,000. Updated kitchen with Carrara marble countertops, subway tile backsplash, painted cabinets, new appliances & ship-lap! Other updates include new limewash exterior paint, hardwood floors, new roof in 2019, hot water heater, interior trim and a new 1/2 bath! Covered back patio with fenced in yard. No HOA. Message me for a private showing! Link in bio for more details!

09/03/2020

NEW LISTING! Awesome 2 story townhome-style-condo in the great Landings neighborhood! Kitchen includes all appliances and has a spacious pantry. The quiet patio backs to open space with a pond! Unfinished basement for future expansion or storage and a detached 1-car garage. Contact me to set up a private showing! Link in bio!

08/27/2020

NEW LISTING! Well taken care of end-unit townhome with 3 beds, 2.5 baths and 1-car garage! Open floor plan with a big kitchen and all kitchen appliances are included. Master bedroom has a walk-in closet and master bathroom. Full unfinished basement for future expansion or storage. Low-maintenance living. Message me for a private showing. Link in bio!

@ Wellington, Colorado