Uncategorized FUNdamentals   In times of change (like now), it’s valuable to look at the fundamentals of our market. Let’s have some fun with fundamentals… 1.  Our economy is healthy – since 1990, the unemployment rate in Colorado has never been higher than the U.S. unemployment rate.  Ever.  Unemployment in Colorado sits at 2.7% today while the rate across the U.S. […]
Uncategorized A History Lesson One of the most common questions we hear from clients is “Where do you think interest rates are going?” Virtually all of the experts we follow put rates above 5% going into next year and some see rates approaching 5.5% by the middle of 2019. What’s certain is that there are economic forces at work […]
Uncategorized It Starts Here What’s Starting? Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range. • New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory • Every product type saw an […]
Uncategorized The Cost Of Waiting The Cost of Waiting It’s true, certain parts of our market are cooling off. We are seeing fewer multiple offers, fewer bidding wars, and fewer inspection concessions. However, homes that are priced right and in great condition are selling, and in many cases, selling quickly. As buyers feel the market cool a bit, it may […]
Uncategorized At Least List Here’s a stat you’ve heard from us before… It’s called “At Least List” It measures how active the market is by tracking the number of single family homes that sell for at least list price. Because of the demand in our market, many homes sell for list price or higher. So here’s the latest based on closings […]
Virtual Tours Two Story Condo with Outdoor Green Space in Windsor! This well maintained 2 bedroom, 2 bathroom end unit 2-story condo at 221 Chestnut St #D6 is in a great location just minutes from downtown Windsor and just a block from the park. The kitchen and bathrooms have been recently updated. Built in shelving through out the home offers convenient storage space. Outdoor green space and patio […]
Buying Under $300,000? If a real estate buyer walks into one of our offices in Northern Colorado and tells us they are looking for a single-family home under $300,000, unfortunately there will not be many properties to choose from. Depending on where they are looking the choices may be very limited. Here is a list of the number […]
Buying Most Active Here’s a question we sometimes hear… “What is the most active price range in our market?” For most of Northern Colorado, the range of $300,000 to $500,000 is far and away the most active (no surprise there). For example, in Fort Collins there are more than three times as many sales in this price range […]
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Fort Collins Real Estate Great Condo with 2 Patios in Fort Collins! Beautifully maintained, end unit townhome style condo at 705 E Drake Rd N-40 in Scotch Pines. This great condo backs to green space and has 2 patios, one in the front and one in the back, so you can enjoy the outdoors. Just minutes from CSU, shopping, and entertainment, this location cannot get any better. […]
Buying 2/3 Two Thirds Here’s the latest on a stat that we like to watch… The answer is “two thirds.” The question is, how many homes in Northern Colorado sell for at least list price? You read that correctly. 66% of all single family homes in the Northern Colorado market which sold in March had a final sales price of […]
Buying Final Four At the end of this weekend College Basketball’s Final 4 will be established. It might make you wonder, what the top 4 and bottom 4 real estate markets across the country? Here they are, ranked by the last 12 months of appreciation according to fhfa.gov: Top 4: Tacoma, WA 14.6% Seattle, WA 14.3% Port St. Lucie, FL 13.7% […]
Fort Collins Real Estate 10,000 Short Northern Colorado isn’t the only place with limited inventory. Metro Denver is short by 10,000 listings. The average number of homes for sale for this time of year in the Denver area, going all the way back to 1985, is 14,309. Right now there are 4,084 residential properties on the market. This is a difference […]
Fort Collins Real Estate The Antidote The Antidote The stock market is in turmoil this week (I’m guessing that you’ve noticed). Investors feel like they’re strapped into a roller coaster at Coney Island- up and down and all around they go, thrashed around by the whims of the market. These are words currently on financial news websites: Whiplash, Volatile, Wild Ride, […]
Uncategorized 2018 Market Forecast Our Forecast Last night was our annual Market Forecast event. Thank you to the 400 clients and friends who joined us at the Marriott. Here are our predictions for where prices are going in 2018: Fort Collins 8% Loveland 7% Greeley 9% Last year’s average price increases looked like this: Fort Collins 7% Loveland 8% Greeley 11% […]
Fort Collins Real Estate Luxury Leaps One of our favorite sources of data is the Fort Collins Board of Realtors monthly market report. Their newest release of information showed some interesting numbers on the luxury market and a confirmation of other statistics we are tracking. The Luxury market is way up over last year. In the greater Fort Collins area over the […]
Uncategorized Music City Hot Chicken A couple weeks ago I had a quick layover in Nashville, which I know hardly counts as a visit, but it left me craving one of the things Nashville is famous for. And no, it wasn’t country music. Fried chicken. Specifically Nashville hot chicken. I don’t even know what that means or how it was […]
Buying Friday Fun Facts – Inventory is up! Inventory Is Up For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory. Based on our current research, it looks like this trend is reversing. Let’s look at the increase in inventory in our major markets versus a year ago… Fort Collins up 28% Loveland up […]
Buying Friday Fun Facts – Let’s take a trip down memory lane… Today we will take a fun trip down memory lane. Did you know that it was the fall of 1981 when mortgage interest rates hit their all time peak? Yes, it was this time 36 years ago when 30-year mortgage rates hit 18.39%. Yikes! It’s important to note that in those days, not many home […]
Uncategorized Friday Fun Facts – Greeley’s Milestone The Greeley market is about to hit a major milestone. We project that in the first quarter of 2018, the average price for a single family home in Greeley will surpass $300,000. Today the average price sits at $289,870. Just a year ago it was $262,828. Guess when Greeley broke the $200,000 barrier? It was […]
Uncategorized Home Inspection: a Reality Check from a Pro   For many people, a home inspection is a hurdle that has to be overcome during the process of buying or selling a home. But, in fact, it can be a useful tool for buyers, sellers or anyone who plans to get the greatest possible value from their home. Find out if the house you […]