We Love Colorado Homes at Coldwell Banker

11/18/2025

What a fabulous night at the Coldwell Banker Zoo Lights event last Saturday! Felt like a kid all night surrounded by radiant color and soul-stimulating lights. Riding the carousel and making and eating my first Smore's increased the joy! 😀 I Invited friends and clients too and to my excitement some showed up! There will be other exciting events and giveaways each month. If you are interested, let me know, and I will sign you up!!

07/11/2025

There has been a huge jump in home seller's delisting their homes because they are deciding to wait to sell instead of continuing to drop the prices on their homes.

Delistings jumped 47% nationally in May from a year earlier, in a sign that sellers would increasingly rather wait than negotiate.

05/23/2025

Did you know Lafayette, CO was rated by Furtune Magazine one of the top 7 towns in the USA for families? It is a great place to live!

Condé Nast Traveler may have deemed Lafayette one of the best small-town day trips from Denver, but it’s also worth a permanent move. It’s blossoming from its rural origins, with scenic views of the Rocky Mountains. Just 35 minutes north of Denver and 25 minutes east of Boulder, it also sits at...

05/10/2025

April sales news for Northern Colorado.

Active listings of single-family homes were up across Northern Colorado and the Boulder Valley in April, according to new data from Loveland-based multiple-listing service Information and Real Estate Services LLC, while median sales prices ticked up as well in most markets.

10/25/2024

This article is spot on. What I am seeing in the metro Denver area is more homes sitting on the market than I've seen in years. It is not uncommon to see homes that have been sitting on the market for over 100 days and this is the case even with price reductions on the home. Buyers are sitting on the sidelines waiting for interest rates to go down. This creates pressure for sellers to sell. Now can be an excellent time to buy. a symptom of this is I am receiving calls daily from investors looking for properties to buy and flip. For sellers, I will add that homes in excellent condition and priced properly are selling quickly. Now is not the time to be greedy but you can still make a good profit on the sale of a home.

Barbara Corcoran warned potential homebuyers Thursday that they have about a month left to find a deal. Here's why the real estate maven says now is the best time to buy a house.

07/31/2024

I am always extremely grateful for homeowners that decide to work with me as their agent. As a result, I will do my utmost to help them achieve their buying or selling goals. Here is what my most recent client, Dennis T., said about me:
"Our agent, Ernie Sica, went above and beyond our expectations of any seller’s agent. He did it all with such a positive attitude, that made us feel he was not only there for the sale, but also TRULY cared for our best interests throughout the entire process. We have never worked with any other agent that had Ernie’s dedication, passion, friendliness and professionalism to help us sell our home!
"We had an offer of $550,000 for our home in a dilapidated condition. Instead of selling, we decided to update the home with Ernie’s expert assistance. Once completed, we sold our home for $690,950—$141,000 over the original offer! After subtracting renovation costs and commissions, we made an additional $61,000 in net profit!
"Whether you want to sell your home as-is or update it for a higher profit, you won't find a realtor who will care more about your needs and do more for you than Ernie Sica."

04/11/2024

Come see this newly listed home in Arvada! It is lovely, remodeled, renovated and updated! Open house this Saturday, April 13th, from 1:00 to 3:00. See what We Love Colorado Homes Realty can do for you too!

See details for 6499 Iris Way, Arvada, CO 80004, 4 Bedrooms, 2 Full/1 Three-Qtr Bathrooms, 2292 Sq Ft., Single Family, MLS #: 6525570, Status: NEW LISTING, Courtesy: We Love Colorado Homes Realty, Provided by: Nestfully

02/08/2024

Here's an excellent article about the real estate market in Colorado and what you can expect in 2024. Colorado is one of the stronger real estate market but the data in the article should be similar to what is happening nationwide.

Get insights into the Colorado housing market trends, prices, and predictions for 2024. Learn about the factors affecting the market and its future.

01/25/2024

What is the state of the real estate market, and what does it mean for you, if you are considering buying or selling a home?

2023 was one of the worst years for home sales in the last 10 years. Boulder county home sales decreased by 33% compared to the high of 2022 - which was the lowest level in the past 10 years. This mirrored home sales for the entire state of Colorado and most likely the nation.

An interesting fact is home prices did not decline. Home prices did level out and remained constant from their highs of 2022. The average price of a home in Boulder county in 2023 was 720K. The state of Colorado and an average price of $576K. Both were similar to the highs of 2022.

So, what are the reasons for this situation and what does it mean for you if you would like to buy or sell a home in 2024?

There were basically two reasons for homes sales to dramatically decline in 2023 and for home prices to remain constant at their historical highs.

I'm sure you are aware that mortgage interest rates increased dramatically recently. It went from a national low of 2.96% in 2021 to a national high of 6.8%. Interest rates have not been this high since 2001! The effect of this increase, combined with the historically high prices of homes, resulted in the inability of many homebuyers to afford home ownership. In addition, many homeowners looking to downsize or upgrade their homes decided to stay put. With high rates, the downsized home was costing as much or more than the owner's current home. And, for those that wanted to upgrade, the larger home with the high interest rate made a new purchase cost prohibitive.

With high interest rates and home prices high, buyers stopped buying and current homeowners decided not to sell. New home listings and resulting sales dramatically decreased. However, due to a shortage of inventory, home prices remained high!

What does this mean for you as a potential home seller and/or home buyer given these facts and the uncertainty in the US and the world right now? What can you expect in 2024 and what should you do?

The Fed stopped raising interest rates at the end of last summer. The expectation of pundits is there will be rate reductions this year, possibly up to four. This is the expectation even though inflation ticked up a bit in December. Given the belief that home prices will continue to increase in 2024, some real estate authorities are even recommending potential home buyers to buy now. If rates go down, you can refinance. If rates don't decrease, you will still be buying at the best rates and home prices possible. This same logic can be applied to home sellers who wish to purchase another home.

Yes, 2024 has the potential to be a volatile year. We are seeing increasing tension and wars between nations. Oil prices have decreased significantly in the last year which has reduced the inflation rate, but Mideast wars can greatly impact oil prices and can cause an increase in oil prices and inflation. December already had an increase in inflation and these things can cause interest rates to increase. Our Congress has been paralyzed and there are unknowns about whether they can agree on a budget. However, there was agreement on the extension of business tax deductions and the market is very optimistic. Another strong stock market year is possible. Historically, the economy and the market improves during election years. Yet, given some market indicators, there are market observers predicting a crash. As you can see, the variables and their possible effects are dizzying.

Can real estate crash? That is always possible, but it is a fact that new home building has significantly lagged the housing needs of new families. This means that demand will continue to outstrip available inventory. This should keep the real estate market buoyant and appreciating according to many real estate experts.

The future is difficult to predict. What we know is what’s happening right now. Given that our economy continues at its current pace, we have an idea of what the near term will bring. With this knowledge, pundits are recommending that you move forward, if you are considering buying or selling a home in 2024.

I hope this helps. Wishing you a safe and successful New Year. Ernie

Home prices continue to rise, according to the National Association of Realtors’ newest numbers. Falling mortgage rates could spur sales.

11/08/2023

The "Ick" factor. This article covers 6 areas that can cause buyers to dislike your home. However, there are others and some even more important. Work with a seller's agent that can identify all of the factors and then help you correct them with minimal or no cost to you!

Does your house give people "the ick"? Your real estate agent can identify problems before your potential buyers swipe left.