Billie Jo Downing
REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year
970.481.4150
Each Office Independently Owned and Operated.
RE/MAX Alliance Loveland 750 W Eisenhower Boulevard Loveland, CO 80537 (970) 669-1234
PRESORTED STANDARD US POSTAGE PAID REAL MARKETING
BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com
GOVERNOR’S RANCH October 2020 Real Estate Market Report
Kathy Scribner REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR
970.669.4175
Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020
Presented by BILLIE JO DOWNING & KATHY SCRIBNER Your Governor’s Ranch Real Estate Specialists
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams
Billie Jo Downing
No One in the World Sells More Real Estate than RE/MAX!
REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year
970.481.4150
BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com
GOVERNOR’S RANCH MARKET REPORT Johnathan and Angela-Marie, This is the perfect time of year to take advantage of seasonal momentum and improved market conditions. We are real estate professionals that excel in your neighborhood—We We have helped 32 buyers and sellers purchase or sell their homes in Governor’s Ranch! Please call us today at 970.481.4150 or 970.669.4175 to discuss how we can help you maximize the selling potential of your home.
Kathy Scribner REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR
970.669.4175
Living, Loving, and Promoting Our Community's Value for Over 14 Years!
Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com
REAL ESTATE RECORDS SHATTERED
Ho m e s C u r r e n tly L i s te d i n G ove r n o r ’s R a n c h
The U.S. Median Home Price Jumped 8.5%, Breaking $300,000 for the First Time
8.5% Median Price Increase
$304,100, the first time breaking the $300,000 threshold.
NEW RECORD!
NEW RECORD!
NEW RECORD!
2.88% Interest
3.1 Months of
Rate
22 Days on
Inventory
The eighth drop in 2020 and the lowest in 5 decades.
Unsold inventory was 4.2 months in July 2019.
Market
29 days in July 2019. 68% were sold in less than 30 days.
NEW RECORD!
34% First-Time Buyers
First-Time home buyers made up 32% a year ago.
“The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days. With the sizable shift in remote work, current homeowners are looking for larger homes, and this will lead to a secondary level of demand even into 2021.”
—Lawrence Yun, Chief Economist, NAR
Johnathan and Angela-Marie,
This is the perfect time to take advantage of improved market conditions and upgrade to your next dream home. Call us today to discuss the value of your home and your options at 970.481.4150 or 970.669.4175. www.housingwire.com | www.vecteezy.com
Status
Street Name
Beds
Baths
Est. Square Feet
Year Built
List Price
List Date
Active
Plains Drive
5
3
3,448
2014
$485,000
08/28/20
Ho m e s C u r r e n t ly Un d e r C o n t r a c t o r Pe n d i n g i n G ove r n o r ’s R a n c h
NOW IS THE TIME TO SELL!
NEW RECORD!
*Listed and/or Sold by Own This Home Team
Status
Street Name
Beds
Baths
Est. Square Feet
Year Built
List Price
List Date
Backup
Settlers Drive
5
4
3,561
2002
$465,000
07/13/20
Backup
Ridge Road
5
3
3,347
2017
$475,000
08/06/20
Pending
Surrey Ridge
4
2
3,826
2017
$478,623
08/25/20
3
2
3,682
2018
$520,882
10/29/18
Pending* Plains Drive
Ho m e s S o ld S in c e Ja n u a r y 1 s t, 2 0 2 0 in G ove r n o r ’s R a n c h Status
Address
Beds
Baths
Est. Square Feet
Year Built
List Price
Sold Price
Sold Date
Sold Sold
1553 Sage Drive
5
3
3,355
2017
$499,999
$495,000
08/28/20
1722 Pioneer Place
3
2
3,460
2015
$420,000
$420,000
07/30/20
Sold
252 Settlers Drive
4
4
4,210
2001
$410,000
$410,000
07/22/20
Sold
1372 Ridge Court
6
3
3,648
2004
$450,000
$450,000
07/20/20
Sold
1366 Plains Court
5
4
3,754
2004
$490,000
$460,000
07/17/20
Sold
261 Settlers Cove
3
2
3,027
2019
$374,900
$369,900
07/10/20
Sold
201 Settlers Cove
4
3
2,998
2002
$386,000
$380,000
06/26/20
Sold
1400 Colorado Parkway
5
3
3,467
2002
$430,000
$430,000
06/23/20
Sold
16 S Mountain View Drive
4
3
3,818
2006
$459,900
$457,400
06/19/20
Sold
210 Settlers Cove
3
2
2,926
2020
$425,233
$462,733
05/26/20
Sold
361 Surrey Ridge
3
2
3,642
2016
$464,891
$460,000
05/22/20
Sold
1396 Plains Court
3
2
3,400
2019
$445,900
$437,400
03/20/20
Sold
1613 Carriage Drive
5
4
4,084
2013
$537,000
$525,000
03/16/20
Sold
1386 Plains Court
4
3
3,630
2003
$420,000
$410,000
02/24/20
Sold
71 Settlers Drive
3
2
3,690
2017
$399,999
$395,000
01/07/20
Billie Jo Downing, Kathy Scribner, and RE/MAX Alliance are not in any way affiliated with Governor’s Ranch Owners Association, nor is this in any way an official advertisement or publication of Governor’s Ranch. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the IRES MLS between January 1st, 2020 and September 10th, 2020. Listings and sales may not be those of RE/MAX Alliance. The IRES MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.