Who says you can’t have it all? This end unit townhome at 3100 Swallow Bend in Fort Collins is located less than 10 minutes from Downtown and CSU, and less than a 10 minute walk to the Foothills Mall. There isn’t an inch of this home that hasn’t been tastefully updated. Hardwood floors, custom cabinets, granite counters all done by qualified contractors. No DIY workmanship here! A/C and Furnace are only 1 1/2 years old. Enjoy the perks of this low-maintenance home like swimming and tennis just footsteps away. Don’t wait for this one to slip away! Contact Jared Foster at (970) 690-5707 for your private showing for more information or click the link below for more details.
Beautiful custom home at 1613 Cottonwood Point Dr. in Fort Collins on Long Pond in Fort Collins. Walkout basement, two-story home with lake access and a dock. Across the street from the Fort Collins Country Club golf course, with over 6,000 square feet of living space. Attached bathrooms to bedrooms offer luxury throughout the home. Some of the most amazing lake views in Northern Colorado! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
New research from the National Association of Home Builders:
The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report.
At this time last year, 12% of Americans considered buying a home. Today the number stands at 11%.
The same goes for first-time prospective buyers, where 58% considered buying a home in the second quarter of 2019 and 59% are considering it in 2020’s second quarter.
In the second quarter of 2020, Millennials are the generation most likely to want to buy a home (19%), even slightly higher than a year earlier (17%).
Boomers, on the other hand, are the least likely, with the share planning a home purchase falling from 7% to 5%.
Across regions, the share of respondents who are prospective home buyers is unchanged in the Northeast (10%) and South (12%), essentially flat in the West (13%), and just slightly lower in the Midwest (down from 11% to 9%
If you are looking for your dream home you have found it at 10588 Echo Street in Firestone. This immaculate ranch style home is situated at the end of a private cul-de-sac on over a 1/4 acre. The backyard abuts open space and lush landscaping. The front yard opens up to a park directly across the street. All appliances are brand new and included. The open floor plan boasts hardwood floors throughout and an ideal floor plan for entertaining. A one year First American Home Warranty is included. Must see in person! Contact Alexis Foster at (970) 310-6999 for your private showing for more information or click the link below for more details.
Large corner lot at 3803 Cardiff Court in Loveland, with mature landscaping. Oversized 2 car garage, vaulted ceilings, new appliances, new fixtures, and new furnace. Great location, close to Benson Sculpture Park, and Lake Loveland. 5 piece master bath with jacuzzi tub, lots of storage throughout with an unfinished basement for future expansion. Lots of privacy, no HOA with pride of ownership throughout. Contact Jennifer Cuningham at (970) 646-1921 for your private showing for more information or click the link below for more details.
Beautiful townhome at 4500 Seneca St #36 in west Fort Collins! Open main level with 2 story ceilings in the living room opens to your updated kitchen with plenty of space. 2 bedrooms upstairs, along with a finished basement offering even more living space. Relax by your fireplace in the living room or spend time on your private front porch. Come take a look today! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.
Location, Location, Location! This home at 631 Marigold Lane is ideally located in North West Fort Collins close to shopping, restaurants, and Front Range Community College. Upgrades abound throughout this completely remodeled home! The kitchen boasts brand new Cabinets, Quartz Countertops, and brand new high-end appliances. Solid wood flooring throughout the main level. The Master Bedroom has brand new carpeting and has been completely renovated from floor to ceiling. Some of those upgrades are custom tile work, cabinets, heated floors, and Quartz countertops. There are too many upgrades to mention. All appliances are included as well. Must see in person! Contact Alexis Foster at (970) 310-6999 for your private showing for more information or click the link below for more details.
It’s interesting to look at what population growth means for housing.
On average, along the Front Range, 2.5 people live in each housing unit.
What that means is 4 housing units are needed for every 10 people who live here.
So, for every 1000 new people moving to our area, 400 new housing units are required.
The population of Metro Denver is just under 3,000,000 and the population of Northern Colorado is just over 650,000.
Assuming the Front Range grows in population at 2% per year, that means 60,000 new people in Metro Denver and 13,000 new people in Northern Colorado each year.
To house those people, 24,000 new housing units need to be built per year in Metro Denver and 5,200 in Northern Colorado.
Qualifies for USDA loan! Desirable brick ranch with 3 bedrooms / 2 baths. Located at 1207 Cedar Drive, in Berthoud on a very low traffic/quiet street with a huge center grass median and mature landscaping. Feels super fresh inside with the newer laminate floors, carpet, and interior paint. Half a block walk to Berthoud Elementary and very close to downtown Berthoud. Inviting sunroom with built-in storage leads to backyard with a dog run. No HOA with room to park the RV or trailer, 3 off-street parking spaces. 15 min to Downtown Loveland – great location. Contact Meagan Griesel at (970) 691-0056 for your private showing for more information or click the link below for more details.
The market is in short supply.
More homes are needed to fulfill the need to buyer demand.
Compared to exactly one year ago, the supply of homes is down:
- 32.6% in Metro Denver
- 25.1% in Northern Colorado
An interesting and useful measurement we track is months of inventory. This stat tells how long it would take to sell all of the homes currently for sale at the current pace of sales.
Of course, months of supply can vary greatly by price range and location. However, this stat does a good job of explaining the overall state of the market.
Specifically, months of supply tells us if the market is in balance.
A ‘balanced’ market is when there is 4 to 6 months of supply. A buyers market occurs when the stat is higher than this range. A sellers market occurs when it is lower.
The months of supply looks like this in our market:
- 1.0 months in Metro Denver
- 1.3 months in Northern Colorado
So, the market overall is significantly under-supplied and more homes are needed to meet demand.