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Archive for the ‘Market Statistics’ Category

At the Women’s Council Of Realtors meeting, we had the opportunity to hear Jake

At the Women’s Council Of Realtors meeting, we had the opportunity to hear Jake Hallauer, VP of Chrisland Real Estate Companies tell us some facts and predictions of what is happening in NOCO.

Trends in NOCO

Hallauer, VP of Chrisland Real Estate Companies tell us some facts and predictions of what is happening in NOCO.

In Summary:

Current Population:  Larimer and Weld County:   635,000+

Apartment Market – Both Ft. Collins/Loveland and Greeley/Evans have a significant increase in appreciation

Ft. Collins/Loveland
Occupancy Rate: 96.69%
Rental Rate: $1.50 $/SF/Month (Does not include garage, pet deposits etc.)

Greeley/Evans
Rental Rates $1.22 $/SF/Month
Occupancy Rate: 95.27%

Cost to build an apartment: Mid $200/SF
Problem: Shortage of Labor Contractors

East of I-25 the Fastest Growing Cities in NOCO
1. Johnstown
2. Milliken
3. Timnath
4. Windsor

Industrial Market
6.1% Vacancy in NOCO
Rental Rates are up 3.6%
Significant Owner/Users Locally: High Country Beverage, Swine Coca-Cola, Woodward Governor, Canyon Bake House

Retail Market
3.9% Vacancy
Rental Rates up 17%
Global Trends:
1. Increasing online sales
2. Fewer Store Openings
3. Category Killers
4. Discounters
5. Entertainment
6. Fast Casual Restaurants
7. Hotels

Office Market

10.2% Vacancy in NOCO
Rental Rates up 14.5%
Locally: Woodward Governor, Broadcom, Banner, UCH, Eye Center of NOCO, Orthopedic Center of the Rockies (OCR)

NOCO Threats to Economic Growth

-Transportation Infrastructure
-Water (How to Store It)
-Building the Talent Pipeline/Additional Employers
-Lack of Significant Wage Growth
-Affordable Housing & Attainable Housing

Expansion Phases
-Construction is expanding at a  faster rate than balance of the economy
-Prediction that these trends will continue in 2nd half of 2017 and 2018
-NOCO expected to continue to grow

We are in an expansion phase of the Real Estate cycle
– Retail is in the hyper-supply phase
– Apartments are in the furthest along in expansion phase
– Office Retail is just moving into the expansion phase

If you would like more information on this or the Residential Single Family Homes, feel free to contact West Realty  at 970-631-7111

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THINGS YOU’LL WANT TO KNOW ABOUT ST. MICHAELS IN GREELEY, CO

HOME VALUES

Median Estimated Home Value

Median Estimated Home Value: $347K
Estimated Home Value 12-Month Change: +8.9%
Median List Price: $350K
List Price 1-Month Change: +0.9%
List Price 12-Month Change: 18.6%

This chart compares the price trend and sales volume for homes in an area. Home prices typically follow sales volume, with a time lag, since sales activity is the driver behind price movements.

Median Sales Price in St. Michaels

Median Household Income: $69,368
Household Income Brackets
Income Per Capita: $32,558
Median Home Age: 10
Own: 58%
Rent: 42%

WALKABILITY SCORES:

Walkability Scores (out of 5)
Overall Score  0.4
Amenity Score  0.4

This neighborhood or ZIP code is rated for walking access to general points of interest, reflected in the overall score, plus amenities (such as retail stores) and leisure (such as restaurants and parks). Other factors considered in the scores are street types, weather, public transportation and population density

TRAVEL TIME

This chart shows average commute times to work, in minutes, by percentage of an area’s population

Travel Time to Work (in minutes)22
Average Commute Time

POPULATION:

Population: 5.57K
This chart shows the distribution of the population of children by age range — from birth to 17 and the distribution of the population of adults by age range — from 18 to 75-plus

Households With Children
Households with children

Median Age: 33
Population of Adults in St. Michaels
Male / Female Ratio: 52%

OCCUPATIONAL CATEGORIES:

2-Year Degree: 37%
Bachelor Degree: 26%
Post-graduate degree: 11%

This chart shows categories of employment within an area.
Occupational

NEIGBORING AREAS

Orchard Park in Evans, CO

Median Estimate:

Homes:   Pop: 2,012

Ashton Estates in Greeley, CO

Median Estimate: $575,430

Homes: 43  Pop: 5,572

Grapevine Hollow in Evans, CO

Median Estimate:

Homes:   Pop: 2,012

West Fork Village Condominiums in Greeley, CO

Median Estimate: $174,920

Homes: 144  Pop: 5,572

West Ridge in Greeley, CO

Median Estimate: $446,410

Homes: 121  Pop: 2,067

Meadowview at West Bone in Greeley, CO

Median Estimate:

Homes:   Pop: 5,572

Drakes Crossing in Greeley, CO

Median Estimate: $317,060

Homes: 149  Pop: 2,067

Covington Knolls in Greeley, CO

Median Estimate: $769,900

Homes: 56  Pop: 2,067

West Bone Ranch in Greeley, CO

Median Estimate: $315,950

Homes: 203  Pop: 5,572

Considering a move to St. Michaels in Greeley?
Call Bev West at West Realty @970-631-7111
http://www.westrealtynoco.com
Get a Free Market Report Today!

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