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All posts tagged Home Trends

The following is highlights from a report Heritage Title recently put out.
*Heritage Title- 970-241-8555

Keep in mind that winter is a slow sales time regardless of activity.  In my opinion, spring/summer are the telltale times of how the market is progressing.

1st Quarter Real Estate Highlights:
*10% fewer sales in 1st quarter 2014 vs 1st quarter 2013
*$133 million in real estate sales in 1st quarter 2014, down 8% from 2013
*median home pricing was for January: $167,400, Feb: $181,950, & March: 159,450
The market peaked in 2008 with a median sales price of $222,000
*Days on Market average was 131 days (2014) vs 153 days (2013).  Keep in mind that days on market for our area include the days that the property is under contract all the way up until the day of sale.
*Home Building: 97 permits issued vs 90 for the same time period last year
*Foreclosure filing dropped from 182 in 2013 to 148 in 1st quarter 2014.  The peak was in 2010 when there was 397 filings.
*resale of foreclosed homes composed 14% of the sales in 2014 (91 of them)  vs 25% in 2013 when there was 181

If you have any questions on market conditions or would like a free evaluation of your home’s value, please let me know.
Great service with equally great listing rates.

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In the exploding world of innovation, what is just around the corner for homes?

*Energy & Water Efficient
Homes that will save the homeowner money through energy & water efficiency will continue.
A long time ago, toilets used to use 5 gallons of water per flush.  Today, you can find new toilets that are using 1-1.5 gallons per flush.
Energy efficiency through better technology in furnaces as well as solar panels.  While rooftop solar continues to grow rapidly, a company this year might be introducing a “solar canopy”.  This solar canopy is gazebo like and is a modular kit.  It would enable homes to go off the grid or provide back-up energy if the grid goes down.

*Home Automation
With the leap in hand held devices and apps, more homes will start to be programmable through a touch of a button on your phone.
From using your phone to change the home’s temperature, to starting a lode of laundry, to turning lights on everything is just a click away.
Taking the thermostat as an example.  Left home for a few days on a family trip but left the temperature at 70?  Jump online and quickly change your temperature and then shortly before you arrive back home, change it again before you arrive back home.  Teach a thermostat your routine and it will program itself.  Check out www.nest.com for an example.

In ~5 years, fridges and air conditioners could be revolutionized by replacing the decades old use of refrigerants by using a new material that cools when demagnetized.  This new technology has the potential to be 25-30% more efficient.

*Smart Windows
The US Department of Energy just recently announced that it designed a new material.   This new material is a thin coating of nanocrystals embedded in glass that can alter sunlight as it passes through the glass.  When used as a window coating, it can control both the visible and heat-producing infrared light so those inside the home/office/building can enjoy the natural light without the unwanted heat.

*Bio-Walls/Living Walls
Actually bring the outdoors into your home through wall and shelving products for growing plants.
More and more living walls and bio-walls (between 200-500sq.ft)  could begin to inch it’s way into the home market.  Check out what  a bio-wall is at http://www.youtube.com/watch?v=DP8130SQw_8




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