Save Your Spot

A quick, simple Fun Fact for you this week…

It’s time to sign up and register for our annual Market Forecast event.

We will be live in Denver on January 15th at the Wellshire Events Center.

And In Fort Collins on January 16th at the Marriott.

Both events start at 5:30.  Choose which location works best for you.

Matthew Gardner, our Chief Economist, is the Keynote speaker.

Click the links above to RSVP.

 

It’s time to register for our annual Market Forecast event.  We will be live at 5:30 on January 16th at the Marriott in Fort Collins.  Back by popular demand is our Chief Economist Matthew Gardner.  Save your seat HERE.

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Posted on January 13, 2020 at 12:00 pm
Meaghan Nicholl | Category: Economics 101, Northern Colorado Real Estate, Real Estate Market Update, Windermere Real Estate | Tagged , , , , , , , , , , , , ,

Compound Effect

If you have driven on I-25 lately you may have noticed that the Front Range is a popular place.

The projections show that it will only get more popular in the future.

Today, 4.8 million people live along the Front Range from Fort Collins down to Pueblo.

In 2030, just 11 short years from now, 5.7 million people will live here.

Yes, that’s almost 1 million more than today.

This is all according to the Colorado State Demographers Office.

While this seems like a big increase, keep in mind that this assumes that population growth occurs at a fairly modest 1.7% per year.

It seems that our state will continue to grow and there will continue to be a demand for housing.

Posted on July 19, 2019 at 4:27 pm
Meaghan Nicholl | Category: Blog, Fun Facts | Tagged , , , , , , , , , , ,

Sign Suprise

Given how active our market is today and has been over the last few years, many people assume that virtually every home with a “For Sale” sign in the front yard is already under contract.

 

They are surprised to learn that, in most cases, the “For Sale” sign does indeed represent a home that is actively for sale.

 

For example, today in Fort Collins there are 655 single-family homes on the market. 290 of these are under contract and will be closing soon. 365 of these are still active. So, 56% of the signs in Fort Collins are in front of homes that are still available.

 


Here are the specific numbers for each of our Northern Colorado markets:
• Fort Collins = 56%
• Loveland = 57%
• Windsor = 58%
• Greeley = 41%

Posted on July 12, 2019 at 9:20 pm
Meaghan Nicholl | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , , , , ,

Over List

A statistic we keep our eye on is the percentage of homes which sell for at least list price.

In a robust, healthy, market with lower inventory, we will frequently see homes selling for their asking price or even higher.

 

Here are the number of sales that occur for list price or higher in each of our major markets:

• Fort Collins = 60%
• Loveland = 60%
• Greeley = 71%
• Windsor = 56%

There are a couple of things we notice about these numbers. First, well over half of all sales are for at least list price. This means that a buyer needs to be prepared to make a full price offer (or higher) in most cases. This also means that if a seller is priced right and marketed effectively, they should achieve their asking price.

We also notice that these percentages are lower than one year ago. In 2018 these numbers were 5% to 10% higher in each market. This is good news for buyers of course because the bidding wars are not as intense as last year.

Posted on June 28, 2019 at 4:02 pm
Meaghan Nicholl | Category: Blog, Fun Facts, Northern Colorado Real Estate | Tagged , , , , , , , , , , , , , , ,

Welcome Home to Eagles Nest Ranch with Beautiful Views!

This private Colorado trophy ranch at 2290 North Greyrock Road in Laporte has 560 acres of unspoiled rolling hills, meadows, and rock cliffs with views of the Roosevelt National ForestGreyrock Mt, and Mummy Range. Only 20 minutes to Fort Collins or 1.5 hours to DIA. This exclusive offering has 3 well appointed residences sleeping up to 32 guests and has hosted hunting camps and private weddings. Enjoy hunting, clay shooting, hiking, horses, and ATV trails on this gated and fully fenced private Colorado Oasis. Contact me at (970) 497-9045 for your private showing for more information or click the link below for more details.

https://www.windermere.com/listing/CO/Laporte/2290-N-Greyrock-Rd-80535/96760876

Posted on June 20, 2019 at 12:00 pm
Meaghan Nicholl | Category: Colorado Real Estate, Fun Facts, Luxury Real Estate, Northern Colorado Real Estate, Windermere Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Our 2019 Market Forecast

This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins.

Thank you to the 700 people who attended. We appreciate your support!

In case you missed the events, here are some highlights including our forecast for price appreciation in 2019:
• In 2018 Prices went up:
o 8% in Fort Collins
o 8% in Loveland
o 8.5% in Greeley
o 8% in Metro Denver

 Inventory is (finally) showing signs of increasing:
o Up 25% in Northern Colorado
o Up 45% in Metro Denver

• There are distinct differences in months of inventory across different price ranges = opportunity for the move up buyer.

• There are several reasons why we don’t see a housing bubble forming:
o New home starts along the Front Range are roughly 60% of pre-bubble highs 14 years ago.
o Americans have more equity in their homes than ever, $6 Trillion!
o The average FICO score of home buyers is significantly higher than the long-term average.
o The home ownership rate is back to the long-term average.

• Our 2019 Price Appreciation Forecast:
o 6% in Fort Collins
o 6% in Loveland
o 7% in Greeley
o 6% in Metro Denver

If you would like a copy of the presentation, go ahead and reach out to us. We would be happy to put it in your hands!

Posted on January 18, 2019 at 11:03 pm
Meaghan Nicholl | Category: Blog, Economy, Fun Facts, Market News | Tagged , , , , , , , , ,

Still Up

All the talk of the market cooling off might make someone think that prices must be going down.

The truth is prices are still going up.

Here are the latest year-over-year appreciation numbers from the Federal Housing Finance Authority (they track 243 markets all across the Country):

Colorado Springs 11.44%

Greeley 10.53%

Denver 9.97%

Boulder 9.89%

Fort Collins/Loveland 8.64%

Posted on December 22, 2018 at 7:25 pm
Meaghan Nicholl | Category: Blog, For Buyers, Fun Facts, Housing Trends | Tagged , , , , , , , , , , ,

Charming Home in the Heart of Fort Collins

 This beautifully remodeled home at 515 10th Street is located in the heart of Fort Collins provides easy access to Old Town Fort Collins, breweries, CSU, I-25 and the Poudre Trail! This home sits on a spacious lot with a recently finished privacy fence, storage shed and beautiful landscaping in the back yard. Featuring stainless steel kitchen appliances, granite counter tops, sliding barn door, private driveway, as well as mature trees and landscaping. This home surely won’t last long! Call for your private showing at 970-497-9045 for more information or click the link below for more details.
Posted on October 8, 2018 at 7:46 pm
Meaghan Nicholl | Category: Fort Collins Real Estate, Uncategorized | Tagged , , , , , , , , , , , , ,

66% Off!

This just in…

For the month of April, the average price of a home in the city of Boulder was $1,247,000. This is according to the latest from our IRES MLS system.

If you want to own a home about an hour down the road in another really nice college town and get a 66% discount, you may want to check out Fort Collins 🙂

Yes, despite the recent uptick in prices here locally, we are still a bargain compared to Boulder. Here are median single-family prices for our markets and their relative price to Boulder:

  • Fort Collins = $414,237 (66.8% off)
  • Loveland = $360,150 (71.1% off)
  • Greeley = $290,000 (76.7% off)
  • Windsor = $306,450 (75.4% off)

Grab a copy of our Investment Kit so you can see the simple steps to get started without stress or complication. Email us atcolorado@windermere.com and we will send you a video which clarifies the process and our Investment Checklist so you can see what to do first.

Posted on May 21, 2018 at 8:41 pm
Meaghan Nicholl | Category: Northern Colorado Real Estate | Tagged , , ,