2. 2017 Economic Summit & Real Estate Forecast
Kevin Risen, Moderator

3. Thank You Partners

4. The Presenters…

5. The Red Hot Rental Market, Is it Sustainable and Healthy?
Jeff Bacheller, President/Owner, Real Property Management Colorado

6. Colorado’s Real Estate Market Leads the Nation, How So and Why?
Chris Mygatt, President & COO of Colorado’s Top Real Estate Source – Coldwell Banker Real Estate

7. The Metro Denver Economic Outlook
Pam Reichert, VP Metro Denver Economic Development Corp.

8. Is the Global and National Economy Really This Good and For How Long?
Elliot Eisenberg, Ph.D., Chief Economist and Global Business Consultant

9. The Rental Market Update

10. The Red Hot Rental Market, Is it Sustainable and Healthy?
Jeff Bacheller, President/Owner, Real Property Management Colorado

11. The Red Hot Rental Market, Is It Sustainable and Healthy?
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

12. Jeff Bacheller, Co/Owner of Real Property Management Colorado
Servicing the Denver and Colorado Springs Rental Market for 10 years
Currently Manage 1,255 Individually Owned Properties
These include Single-Family Homes, Townhomes, Condos, and Small Apartment Buildings
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

13. Trending Topics
JOBS
CU Leeds School of Business predicts 63,000 new jobs in 2017 in the Metro Area
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

14. Trending Topics Single Family REITS Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

15. Multi-Family Building Continues
Trending Topics
Multi-Family Building Continues
RealPage estimated 11,000 new doors came online in 2016 and estimates an additional 13,000 new apartment doors in 2017
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

16. So Much Data… What to Believe
Zillow is predicting rental rates to rise in 2017 by 2.5%
RealPage is anticipating 4.4%
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

17. So Much Data… Where are we now?
Colorado Division of Housing Q4 Report 2016
Overall Vacancy Rate is 3.2%
4 Bedroom Properties have the highest vacancy rate and 2 bedroom properties have the lowest
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company
Highest Vacancy Rate is in Denver at 5.2% and the lowest is Boulder/Broomfield at 0%

18. So Much Data… Average Rents Were $1,338 1 bedroom: $920
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company
Average Rent = $1.08 sq/ft

19. What’s An Investor To Do?
Single-family rentals will remain strong
Keep your tenants if you can
Renewal rent increases are currently averaging 4.2%
Downtown market is saturated
Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company
New lease rent increases are currently averaging 3.05%
Choose micro-markets such as Arvada, Aurora (new R-Line is open), and Littleton

20. Happy Investing in 2017! Talking Points:
Thank you for being at the meeting today.
It’s an important one
Not your “usual” sales meeting or annual kick off.
Today’s meeting is the result of months of gathering YOUR feedback and listening to what YOU need to grow your business and create more pride in YOUR company

21. The Residential Market Update

22. Colorado’s Real Estate Market Leads the Nation, How So and Why?
Chris Mygatt, President & COO of Colorado’s Top Real Estate Source – Coldwell Banker Real Estate

23. What’s the Housing Market up to??
National Outlook
Regional Outlook
Local Outlook

24. What’s the Housing Market up to??

26. What’s the Housing Market up to??
Nationally….

27. Up 6.2%

28. Up 10.6%

29. Total Existing Home Sales, SA Annual Rate
5.79 Million Homes Sold (highest since Feb. 2007)

30. Median Price of Existing Home Sales
Avg. Sales Price: $228,900

31. Where are sales happening
Data from the Realtors® Confidence Index

32. Sales by Price Range

34. What’s the Housing Market up to??
Regional….

36. This Time Last Year…

37. This Year…

38. Bottom of The Market…

39. Palm Bay/Melbor +13.18% 1 Bismarck, ND 0.0% 258
Market Inc/Decr Ranking
Palm Bay/Melbor % 1
Fort Collins-Lov % 10
Greeley % 12
Den-Aurora-Lakewood % 14
Boulder % 15
Colorado Springs % 51
Pueblo % 81
Grand Junction % 132
Bismarck, ND 0.0% 258

40. What’s the Housing Market up to??
Front Range Local….

42. 2016 Up .3% Units Sold 49,940 51,551 51,230 Avg. Sales Price $340,000
$360,000
$401,000
DOM 40 33 35
Year
2014
2015
2016
Updated -sc

43. 2016 Up 9.5%
Updated -sc

44. 2016 Down 18.6%
YOY
2015 Down 31.9%

45. Updated -sc

46. Northern Colorado Snapshot
Weld County
Median Sales Price : Up 10.1%
Average Sales Price : $312,634 (up 6.6%)
Homes for Sale: Down 26.8%
Larimer County
Median Sales Price: Up 10.2%,
Average Sales Price: $394,952 (up 9.8%)
Homes for Sale: Down 20.9%
Lack of re-sale inventory. New construction is helping to meet consumer demands.    
Multiple offers on nearly every listing
Source: IRES
Updated-sc

47. Southern Colorado Snapshot
Colorado Springs
Top Ranked best place to live in America
Downward pressures on market by low inventory
Multiple offers priced under $300k
All-Time High Average Sales Price Hit in January at $302,000
North Colorado Springs still very active due to Denver/Split Commuter Households
Updated-sc

48. What’s the Housing Market up to??
Luxury…

50. Highest Priced Sold in Colorado …

51. Asking Price: $24.5 Million
Highest Priced Sold in Colorado
Asking Price: $24.5 Million
Sold Price: $24.0 Million
6 Beds
6 Baths
8,710 sq. ft.
Taxes: $32,979
720 WILLOUGHBY WAY, ASPEN

52. Asking Price: $7.0 Million
Highest Priced Sold in Metro Denver
Asking Price: $7.0 Million
Sold Price: $7.0 Million
5 Beds
6 Baths
7,751 sq. ft.
Taxes: $8,561
333 Milwaukee street, DENVER

53. Lowest Priced Sold (for fun)…

54. Lowest Priced Sold… Asking Price: $104,888 Sold Price: $92,777 2 Beds
1 Baths
1180 Yosemite St., DENVER

55. Real Estate is a Local
Phenomenon…

56. Market report

57. Ask: Your Coldwell Banker Realtor
Market & Area Report
Ask: Your Coldwell Banker Realtor OR

58. 2017 Forecast…

59. 2017 Forecast…
Number of Homes Sold will increase slightly, unlike 2016
Prices will move UP, but modest!
Standing Inventory will remain low
Luxury Home Market will continue to strengthen
First-Time Buyer will continue to feel the squeeze – But there is good news!

60. Driving the Market...
First Time Buyer Demand improving – Millennials Weakness in the Investment Buyer Demand
`````````````````````````````````````````
100,000 Net Increase in Population – Relocation
Unemployment Forecast to Remain at Historic Lows
````````````````````````````````
If Owners Don’t Have a Place to Go. They Won’t List
``````````````````````````````
Builder’s are Creating Added Inventory, but not fast

61. Strategies for 2017 - 2018 If Buying… If Selling…. Ned a Loan
Pick an agent that knows the Neighborhood
Waiting is NOT a good strategy
If Selling….
Happy
Pricing Matters
Staging Matters
Moving up?
Moving down?

63. The Metro Denver Economic Outlook…

64. The Metro Denver Economic Outlook
Pam Reichert, VP Metro Denver Economic Development Corp.

65. Is the Global and National Economy Really This Good and For How Long?
Elliot Eisenberg, Ph.D., Chief Economist and Global Business Consultant