Versus Boulder

When it comes to real estate, many say that Fort Collins is the “next Boulder.”

spring-342610Let’s look at the 2016 numbers* and do a little side-by-side of Fort Collins versus Boulder.

The Fort Collins average price is less than half of Boulder’s ($355,000 versus $890,000)

Fort Collins has 4 times as many transactions (1,108 versus 251)

Fort Collins has 4 times as many homes for sale (715 versus 175)

Homes in Boulder sell 25% faster (62 days versus 82 days)

*These numbers come from IRES and are through May 2016.

Posted on July 8, 2016 at 9:14 am
Fort Collins | Category: Blog, Fun Facts | Tagged , , , , , , , , , ,

An Unbalanced Market

When was the last time you rode a see-saw?? (some people call it a teeter-totter.) Our market right now reminds me of when my little sister and I would try to ride one. There she was stuck up in the air and there I was stuck on the ground (I was a big kid!)

Here’s the deal- a market is “balanced” when there is 6 months of inventory for sale. Meaning it would take 6 months to sell out everything on the market assuming nothing new came on the market.

Over 6 months = buyer’s market. Under 6 months = seller’s market.

Check it out: Today, in Northern Colorado, there is only a 1.5 month supply. Yep, a seller’s market. There’s my sister stuck up in the air.

But wait! There’s more to the story! Taking a closer look at specific price ranges reveals that under $250,000 there is a two-week supply! And over $700,000 there is a 6.5 month supply.

So, we have both buyer’s markets and seller’s markets right here in our Northern Colorado market.

The big takeaway is this – for some people. This is an ideal time to move up. Depending on your home’s price and location you could sell in a seller’s market and potentially buy in a buyer’s market.

If you want to see how to do this, give us a call!

Posted on April 29, 2016 at 8:49 am
Fort Collins | Category: Blog | Tagged , , , , , , ,