Fort Collins Real Estate • Virtual Tours • August 31, 2018

Updated Condo in Fort Collins

by Fort Collins

Attention first time homeowners and investors! Don’t miss out on this opportunity to own this recently updated 2 bed, 1 bath, second level condo at 705 E Drake Rd. This unit features brand new floors throughout, fresh coat of paint, new front door, newer windows and sliding door, updated light fixtures, and new appliances. Don’t forget the little library and fruit trees out front! HOA includes heat, water/sewer, pool with freshly remodeled clubhouse & tennis courts. This one won’t last, schedule your showing today! Contact Greg Rittner for more information or click below to view the photos and details, including price.

https://windermerenoco.com/listing/83381821

Blog • For Buyers • March 17, 2018

Real Estate Buyer Tip: How to Find a Deal

by Fort Collins

If you are ready to buy a home in a seller’s market, don’t despair. Windermere Real Estate agent, Michael Doyle, shares how you can find a good deal on a great home, even in the hottest housing market.

Blog • For Buyers • March 10, 2018

How to Get Started on Your Home Search

by Fort Collins

Whatever your reasons for buying, finding the right home in the perfect neighborhood, and at a cost that is within your budget, is no small task. But if you do your research and approach the process with confidence, you are much more likely to emerge at the end of the day with a house you’ll be proud to call home.

Press Release • February 15, 2017

Prices Continue to Pop in 2017

by Fort Collins

PRESS RELEASE

FOR IMMEDIATE RELEASE

Prices Continue to Pop in 2017

Real Estate Prices in Larimer and Weld Counties Are Up Double-Digits

Fort Collins, Colo. (Feb. 15, 2017) – Continuing a trend that started four years ago, average residential real estate prices in January 2017 increased by double-digits compared to one year ago. Larimer County’s prices are 10.5% higher than last January and Weld County’s are up even more at 12.8%.

The average price of a property in Larimer County so far this year is $378,253 and in Weld County it is $310,948. Both Counties have seen their residential average prices go up by almost $100,000 in just three years.

“For three years now we have had the perfect storm to cause prices to increase at a rate that is double the long-term average. Northern Colorado is in the top-10 nationally for fastest growing communities, we have an incredibly healthy economy with high employment, interest rates that are roughly half of the long term average, and very few homes to pick from,” said Eric Thompson president of Windermere Real Estate in Colorado.

“The inventory of listings is especially low in the lower price points. For example, if someone wanted to buy a single-family home in Fort Collins under $300,000 they would have five listings to choose from today. Greeley has 33 homes at that price point,” Thompson said. “These dynamics create a unique opportunity for move up buyers to capture the appreciation in their home and leverage the low interest rates to buy the home of their dreams.”

Even though the number of homes available for sale across Larimer and Weld Counties may be down, Windermere Real Estate in Northern Colorado saw their January closed transactions increased 48% compared to last year. Their new written contracts are up even more at 110% compared to 2016.

About Windermere Colorado:

Since its inception in 1972, Windermere Real Estate has grown to be a network of 300 offices with more than 7,000 agents by focusing on three basic principles: hire the best people, give them the best tools and create thriving communities. Windermere’s growth has allowed them to expand into the Colorado market led by Eric Thompson, President of Windermere Colorado. For more information, visit www.windermerecolorado.com.

About Windermere Real Estate

Windermere Real Estate is ranked the largest regional real estate company in the Western U.S. serving communities in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Mexico. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation, which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than 28 million dollars towards improving lives in the communities where we live and work. For more information, visit www.windermere.com.

Blog • Fun Facts • February 3, 2017

Limited Choices

by Fort Collins

Pretend that customer walks into our office and tells us they are looking for a single family home in Fort Collins. We would tell them that there are 314 to choose from. But if they told us their price range is up to $300,000, their choices would be limited to just 10 homes.

Single family homes priced under $300,000 only represent 3.18% of the total inventory in Fort Collins. This is a big reason why buyers are opening up their search to communities that surround Fort Collins.

Here’s a snapshot of the major Northern Colorado markets:

Loveland: 176 Homes For Sale/15 Priced Under $300,000
Windsor: 151 Homes For Sale/6 Priced Under $300,000
Greeley: 98 Homes For Sale/33 Priced Under $300,000
Fort Collins: 314 Homes For Sale/10 Priced Under $300,000

What’s important to know is today’s market dynamics create an ideal scenario for the move up buyer to use the equity in their home, leverage the low interest rates, and buy the home of their dreams.

Blog • Economy • January 27, 2017

Our Crystal Ball

by Fort Collins

Last week Windermere’s Chief Economist Matthew Gardner joined us for our annual Market Forecast events in Colorado. We were pleased to host over 500 customers at two events in Denver and Fort Collins.

Here are some of the big takeaways that we shared:

Interest rates will increase to 4.6% by the end of the year
First-time buyers are back and will make up 47% of all buyers in 2017
Inventory will remain at record lows and will continue to drive up prices
Appreciation is expected to be between 9% and 7% across our Front Range markets
Home builders will get creative in order to hit lower price points – we will see more “tiny homes” and more homes without basements

Click HERE to see Matthew Gardner’s infographic on the 2017 Forecast.

Blog • Colorado Real Estate • Fort Collins Real Estate • Fun Facts • Mortgage • December 30, 2016

Did You Know?

by Fort Collins

Here are some fun “Did You Know?” stats as we wrap up 2016 (arguably one of the most fascinating years in the history of Northern Colorado Real Estate)

This year the median price of a home surpassed…
$350,000 in Fort Collins
$300,000 in Loveland
$250,000 in Greeley

2,281 homes were sold in Fort Collins this year
That’s 133 fewer than last year

Windsor had 197 more home sales than last year
The only major market with considerably more sales than 2015

Today, as we finish 2016, there are only 10 single family homes on the market in Fort Collins priced under $300,000.

Blog • Colorado Real Estate • Fun Facts • December 12, 2016

Multi-Wow

by Fort Collins

Check out what’s happening in the multi-family market in Fort Collins.

The number of condos and townhomes for sale is way down compared to last year. 35% fewer new listings hit the market in November 2016 versus November 2015.

Of course that means prices are up, 15% to be exact. The average price for multi-family in Fort Collins is now at $282,000.

Who would have thought that one day the average price for a condominium or townhome in Fort Collins would be $300,000? Well, that’s close to being a reality.

Blog • Fun Facts • December 2, 2016

100K

by Fort Collins

The City Manager for Fort Collins, Darin Atteberry, recently visited our weekly sales meeting. He had several interesting and valuable facts to share, including this…

Based on the City’s research, Fort Collins will grow by 100,000 people over the next 25 to 32 years. That will bring the population to approximately 255,000 people. It means Fort Collins will essentially add the equivalent of Boulder’s population over the next two and a half decades.

100,000 people will require 40,000 housing units. That equates to 1,600 new homes/apartments/condominiums/etc. per year for the next 25 years.

Wow!

If you are curious where all of these people with live and how Fort Collins will accommodate them, join us at our Third Annual Market Forecast event on January 19th! Windermere’s Chief Economist, Matthew Gardner, is flying here all the way from Seattle to present to us along with Eric Thompson, president of Windermere Colorado. Just visit www.WindermereForecast.com to reserve your seat.

Blog • Fun Facts • Mortgage • November 18, 2016

The Trump Tantrum

by Fort Collins

Since the election interest rates have jumped from 3.77% to 3.95% according to the Mortgage Bankers Association.

“This week’s increase in mortgage rates, being dubbed the ‘Trump Tantrum,’ is the biggest one week increase since the ‘Taper Tantrum‘ in June 2013,” said Bankrate’s chief financial analyst Greg McBride.

Economists say the anticipation of Trump’s pledged spending plans and tax cuts have investors anticipating some inflation and a dose of adrenaline to the economy which have caused a great deal of volatility in the market.

A little perspective is in order- rates today are still lower than the 3.97% recorded last year at this time. And, rates today are still essentially half of their long-term average.

Using a $400,000 home as an example with a 20% down payment, this interest rate increase translates to an additional $34 per month.

Many economists believe that we are now seeing the beginning of a long-term rise in interest rates.

source: Inman News