Facebook
X
Pinterest
Copy Link
The southern exposure sun room is just one of the highlights of this 2 story home at 707 McGraw Dr in the Coventry subdivision. Walking distance to McGraw Elementary School & Front Range Community College. Lots of room to spread out – 4 bedrooms & a large loft upstairs. Nonconforming 5th bedroom on the main level. Master suite features radiant floor heating in the 5-piece bath, large walk-in closet & fireplace. Great landscaping with HOA maintained greenspace to the east which makes property look even bigger. Contact me for your private showing at 970-215-1013 or click the link below for more details.
Fort Collins Real Estate • Virtual Tour •
April 20, 2018
Stunning 2 Story Home with Sun-room in Fort Collins!
Uncategorized •
March 23, 2018
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:
Bottom 4:
If you’d like to receive our monthly newsletter with local Northern Colorado real estate updates, just contact us at noco@windermere.com or simply call (970) 460-3033. You can also receive a neighborhood news update and see all the sales in your neighborhood by clicking HERE.
Northern Colorado Real Estate •
March 12, 2018
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 of 10,225 listings compared to the long-term average.
The peak was 2008 when there were 25,037 listings. The lowest year was last year with 3,878 (a drop of 21,159 in 9 years?!).
The good news for buyers is that inventory is up 5% compared to last year. Another piece of good news is that the Spring tends to produce the highest amount of inventory for buyers to pick from.
Uncategorized •
November 17, 2017
Luxury Leaps in sales in 2017
|
|
|
Posted on November 17, 2017 at 10:00 am
Fort Collins Posted in Economy, Fort Collins Real Estate Tagged Fort Collins real estate, Get Realtor, Home Buying, homes for sale, Luxury Homes, Luxury Real Estate, Market Statistics, realtor
Fort Collins Posted in Economy, Fort Collins Real Estate Tagged Fort Collins real estate, Get Realtor, Home Buying, homes for sale, Luxury Homes, Luxury Real Estate, Market Statistics, realtor
Economics • Northern Colorado Real Estate •
November 14, 2017
Colorado Real Estate Market Update
ECONOMIC OVERVIEW
Colorado added 45,800 non-agricultural jobs over the past 12 months, a growth rate of 1.8%. Within the metropolitan market areas included in this report, annual employment growth was seen in all areas other than Grand Junction (where employment was stable) with substantial growth seen in Fort Collins (4.6%) and Greeley (3.5%).
In August, the unemployment rate in the state was 2.2%, down from 3.1% a year ago. The lowest reported unemployment rates were again seen in Fort Collins at just 1.8%. The highest rate was in Grand Junction, at a very respectable 3.0%. It is still reasonable to assume that all the markets contained within this report will see above-average wage growth given the very tight labor market.
HOME SALES ACTIVITY
- There were 17,140 home sales during the third quarter of 2017, which was a drop of 3.3% from the same period in 2016.
- Sales rose the fastest in Boulder County, which saw sales grow 4% more than the third quarter of 2016. There were marginal increases in Weld and Larimer Counties. Sales fell in all the other counties contained within this report.
- Home sales slowed due to very low levels of available inventory. Listing activity continues to trend at well below historic averages, with the total number of homes for sale in the third quarter 5.5% below the level seen a year ago.
- The takeaway here is that sales growth has stalled due to the lack of homes for sale.
HOME PRICES
- With substantial competition for the few available homes, prices continue to rise. Average prices were up 7.5% year-over-year to a regional average of $428,602.
- Slower appreciation in home values was again seen in Boulder County, but the trend is still positive.
- Appreciation was strongest in Weld County, which saw prices rise 12%.
- Due to an ongoing imbalance between supply and demand, home prices will continue to appreciate at above-average rates for the foreseeable future.
DAYS ON MARKET
- The average number of days it took to sell a home dropped by one day when compared to the third quarter of 2016.
- Homes in all counties contained in this report took less than a month to sell. Adams County continues to stand out as it took an average of just two weeks to sell a home there.
- During the third quarter, it took an average of 20 days to sell a home. This is up by 3 days compared to the second quarter of this year.
- Demand remains strong, and well-positioned, well-priced homes continue to sell very quickly.
CONCLUSIONS
This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors.
In the third quarter of 2017, I have chosen to leave the needle where it was in the second quarter. Homes are still scarce; however, there is a small slowdown in price growth and a decline in both closed and pending sales. This may suggest the market is either getting weary of all the competition or that would-be buyers are possibly putting off buying until they see more choices in the number of homes for sale.
Matthew Gardner is the Chief Economist for Windermere Real Estate, specializing in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has more than 30 years of professional experience both in the U.S. and U.K.
If you are in the market to buy or sell, we can connect you with an experienced agent here.
Booming Real Estate • Colorado • Fun Facts • Northern Colorado Real Estate •
September 25, 2017
Greeley is looking really good!
The Greeley market is about to hit a major milestone.
Today the average price sits at $289,870.
Northern Colorado Real Estate •
September 11, 2017
Windshire Home With A Bi-Level Deck
Featuring 4 Bedrooms, 4 Bathrooms And And Beautiful Curb Appeal!
Beautiful home on large fenced lot in the popular Windshire neighborhood. Lots of space to entertain, inside and out. The bedrooms are large and the closet/storage space abounds. Owner’s suite boasts a soaking tub and walk-in closet. 2nd bedroom has attached bath and large walk-in closet. 2-level deck built to enjoy the outdoors and large fenced yard. 1 year home warranty provided!
For more information, please visit: http://housetohomemd.com/listing/66503986 or call Maria Dellota at (970) 460-3033.
Northern Colorado Real Estate •
August 28, 2017
Time to Huddle Up
Because football season is upon us and the Rocky Mountain Showdown is right around the corner we thought we would re-visit one of our favorite topics…
Fort Collins vs. Boulder
We frequently are asked from our clients “Do you think Fort Collins is the next Boulder?” Let’s look at the numbers to gain some insight.
Specifically, we will simply show you a snapshot of activity in each market so far this year.
- Boulder = $962,250 (up 7% over last year)
- Fort Collins = $379,000 (up 5 % over last year)
Number of Transactions:
- Boulder = 389 (flat compared to last year)
- Fort Collins = 1745 (flat compared to last year)
Current Inventory of Homes
- Boulder = 210 (up 23% over last year)
- Fort Collins = 993 (up 33% over last year)
The two markets are both experiencing higher prices as well as much higher inventory. Also, both markets have roughly the same amount of sales as last year.
The biggest difference, and the reason Boulder prices have gone to stratospheric levels, is the fact that Boulder’s market is severely supply constrained. They have triple the amount of open space in and around the City compared to Fort Collinswhich limits home building and pushes prices up towards 7-figures.
No matter which team you root for, we hope you enjoy the kickoff to football season!
** Keep an eye out for details on our upcoming annual event, the Windermere Tailgate Party! Hosted on Friday, October 13th, 2017, we will celebrate CSU homecoming with food trucks, face painting, music and tons of fun! **
Wellington Real Estate •
July 10, 2017
The Wellington Explosion
What if we told you there is a real estate market that has seen a 300% increase in sales volume in only 5 years?
What if we told you that market was right in our back yard?
The market is Wellington and what is happening there is extraordinary.
Because price increases in Fort Collins have eliminated virtually all options for the sub $300,000 buyer, Wellington has become a very popular place to buy a home.
In June of 2012, the average price there was $185,000. Today it is $300,500!
In 2012 there were 222 residential sales in Wellington. This year is on pace to ecliplse 500.
Yes, Wellington has exploded and we don’t see it slowing down any time soon!
To see homes that are for sale in Wellington, just click here: www.HouseToHomeMD.com/WellingtonHomesForSale
Fun fact about Wellington:
The Town of Wellington was an oil, coal and agricultural hub throughout the 1800s and became a stopping location for wagon trains, travelers, and military movement between Cheyenne, Wyoming and Fort Collins, Colorado. The town was founded in 1902, incorporated in 1905 and named after C.L. Wellington, an employee of the Colorado and Southern Railroad.
Around the same time the population began to grow in Wellington, woolly mammoth remains were discovered by a construction crew while digging foundations for new homes. The remains were carefully excavated by a University of Colorado team while residents watched with excitement. Unfortunately, after being taken back to the University for further examination, the tusks were dropped and shattered on a floor. In recognition and remembrance of this event, the subdivision where they were found named a street Mammoth Circle.
Wellington maintained a population around 500 throughout the 20th century and grew to about 1,000 until the early 2000s. Today, Wellington is home to a population of nearly 8,300 residents.
Fun Facts & Image Source: www.townofwellington.com
