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Versus 2019
Because 2021 and 2020 were such unique years in real estate because of the considerably low interest rates, many people in our industry believe it makes sense to compare 2022 to 2019 when looking at the key statistics.
Here’s how 2022 looked along the Front Range compared to 2019:
Prices Number of Transactions Properties for Sale
Larimer County +41% -6% -37%
Weld County +39% +2% -16%
Metro Denver +40% -14% -6%
Generally, what we notice is that:
- Prices are up significantly
- The number of transactions is similar
- Inventory is down compared to 2019 even though it is more than double 2021’s inventory
The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm. To see the details and to RSVP, visit www.ColoradoForecast.com
Active Average
While we frequently research and discuss average prices for properties that sell, it is also interesting to look at the average prices for properties that are active on the market but not sold yet.
These are the average prices, by area, for properties currently listed for sale and not sold yet:
- Metro Denver = $954,000
- Larimer County = $878,000
- Weld County = $880,000
If you are surprised that Weld County is higher than Larimer County, it’s important to note that there are several large acreage properties listed for sale in Weld County which are skewing the average.
These average active prices are all roughly 30% higher compared to a year ago and further emphasize the strong activity in the Front Range market.
New Listings January 2022
3015 Hudson Drive, Loveland, Co 80538
Listing Agent: Jon Holsten
MLS 956876
Fantastic 4 bedroom home on a corner lot in popular west Loveland! Your new home features a main-level 5 piece primary suite and wide-open floor plan with great room concept. High vaulted ceilings let the natural light flow in — with the beautiful wood floors and gas fireplace accentuating a place you can truly relax. The large kitchen with tons of counter space and storage, along with the nearby separate dining room is a chef’s delight! Upstairs, you’ll find more hardwood floors and three additional bedrooms. The large unfinished basement is perfect for future expansion. Relax or entertain on the back deck overlooking the fully fenced and landscaped back yard. Oversized two car garage. Close to the foothills, great outdoor recreation, schools, and all this great community has to offer! An excellent home and awesome value! Call (970) 237-2752 to schedule your private tour or click here for more information.
1600 W Mountain Avenue, Fort Collins, CO 80521
Listing Agent: Jon Holsten
MLS 956986
Fantastic three bedroom home on beautiful W. Mountain Avenue in Fort Collins! Set on a corner lot just steps from City Park and the trolly line, your new home boasts an updated kitchen with new countertops, upgraded cabinets, large pantry and dual pull-out dishwashers! Separate living and dining areas. Relax or entertain on the covered back porch, accentuated by the sprawling deck and low-maintenance back yard. Large shade trees! Newer roof and fully-automated sprinkler system. Oversized detached two car garage with covered exterior storage on one side. Close to Old Town Fort Collins, CSU and everything else this great community has to offer. A terrific home and great value! Call (970) 237-2752 to schedule your private tour or click here for more information.
614 Prichett Court, Fort Collins, CO 80525
Listing Agent: Brandon Bidwell
MLS 957032
Well maintained and updated home nicely situated on a cul-de-sac near the neighborhood park, swimming pool and Coyote Ridge Elementary School. The kitchen features Quartz Countertops, Tharp Cabinets and recessed lighting. The primary 5 piece bathroom and the secondary full bathroom have both been tastefully remodeled. Other features include newer paint (exterior & interior), newer furnace & A/C (with humidifier), whole house fan, radon mitigation, Finished Garage plumbed with gas for heating. Call (970) 215-1573 to schedule your private tour or click here for more information.
42260 Waterford Hill Way, Fort Collins, CO 80524
Listing Agent: Paul Hunter & Pete Jordan
MLS 957115
Two and a half acre lot in a gated subdivision 8 minutes to I-25 and only 15 minutes to Old Town Fort Collins! AMAZING mountain and foothills views. Come build your custom dream home, seller has info on a home that could be built there, but bring your own builder or plans to enjoy the space and privacy of a neighborhood with only 8 homes with the convenience of a location near Fort Collins. Call (970) 673-7285 to schedule your private tour or click here for more information.
4339 Shepardscress Drive, Johnstown, CO 80534
Listing Agent: Reba Tipton
MLS 957350
4339 Shepardscress Drive is an immaculate Johnstown ranch-style home in conveniently located Thompson Crossing II that has all the things! The cheery front entry is a welcoming prelude to the gorgeous interior. Spacious and refined, this home boasts a split floorplan and retreat-like primary suite. The kitchen is a chef’s delight with elegant knotty alder cabinets, corner pantry, and center island. The light, bright garden level basement has 2 more bedrooms, a bathroom, a massive recreation/ family room and generous storage. The 746 sq ft 3-car garage is a welcome bonus, along with the spacious and manicured lot; 0.21 acres, backing to private farm land. Get in line to see this beauty nestled near tons of shops, restaurants w/ paved trails right behind the I-25/ Hwy. 34 corridor. Call (970) 215-6768 to schedule your private tour or click here to view the virtual tour.
2333 W 11th Street Road, Greeley, CO 80631
Listing Agent: Ben Barnhart
MLS 957380
Flexible spaces and great location in the heart of Greeley – and NO HOA! Backing up to open space. Near shopping, Banner Health and UNC. You are welcomed by a large, covered entry, which could be easily enclosed. The main level of the home features the recently renovated bathroom, plenty of natural light from the south-facing picture window, and genuine hardwood flooring in the living and bedrooms. A barn door in the master bedroom lets you create one larger bedroom or two smaller rooms. The basement offers a separate entrance from the backyard and into a foyer. The basement is fully finished with updated LVP flooring, a huge living area, bedroom/bath and separate kitchen area. Enjoy the large, private, fenced yard including water feature- perfect for summer barbeques. New roof in 2019, New Furnace 2017 and new interior paint. Call (970) 534-5440 to schedule your private tour or click here for more information.
2617 Mathews Street, Fort Collins, CO 80525
Listing Agent: Brandon Bidwell
MLS 957032
Move-in-ready on 1/3 Acre in Mid-Town Ft Collins. Huge fenced in RV/Boat Parking area fits a 35′ RV AND a 20′ Boat! With the oversized 2 car garage you’ll have room for all your toys. Inside you’ll enjoy the nicely remodeled kitchen, open living room and all the natural light. Other features include a well updated primary bathroom, Sun Room and Fireplace in the lower level family room. New Driveway and Roof with class 4 shingles in 2018. New Furnace and A/C 2017. New Garage Door, Gutters & Fence in 2013. New Carpet, New Toilet, the list goes on! Call (970) 215-1573 to schedule your private tour or click here for more information.
39483 Ridge Park Drive, Severance, CO 80610
MLS 957637
Listing Agent: Paul Hunter
is a beautiful custom ranch home with a walkout basement. This property even offers views from Longs Peak to Pikes Peak! Gated community, and over 4 acres of space to enjoy privacy. Spend time in the large kitchen opening to a big open living room, or downstairs in the enormous family room with wet bar opening out to a walkout patio with amazing views. 3 fireplaces including a double sided one in the master bedroom/bathroom. Professionally landscaped backyard area in addition to the rest of the acreage. This home is ready to be moved in to today! Call (970) 673-7285 to schedule your private tour or click here for more information.
3367 Butternut Lane, Johnstown, CO 80534
MLS 957680
Listing Agent: Brooke Kern
This very well maintained home that has much to offer! Perfect for a growing family in the popular Clearview subdivision. The new elementary school is within walking distance as well as parks and walking trails! Inside you will find an open floor plan great for entertaining! The upper level consists of 3 bedrooms and 2 full bathrooms including the Primary suite! In the basement, you will find a guest suite complete with a private 3/4 bathroom! No Metro taxes and low HOA make this home a must see! Call (970) 980-8349 to schedule your private tour or click here for more information.
594 Boxwood Drive, Windsor, CO 80550
MLS 957806
Listing Agent: Alexis Foster
Incredible WATERFRONT home with Breathtaking Mountain Views. If that doesn’t check off all your boxes you will love that this home also has open space in front of the home as well for even more privacy. This 5 bed 4 bath home features an additional flex space that can be used as an office or dining area. You will love the wood floors that are throughout the entire main level. The kitchen boasts granite countertops with a private butler’s pantry. 3 car front-facing garage. Master suite w/ 5-piece bath & walk-in closet and its own double-sided gas fireplace. Fully finished basement with a large family rec room. Close to Windsor Lake and downtown. You will fall in LOVE with the view from your backyard! This home has it all! Call (970) 310-6999 to schedule a private tour or click here for more information.
2133 Chelsea Drive, Loveland, CO 80538
MLS 957806
Listing Agent: Alexis Foster
Step inside and fall in love. Once you walk in you will see all the work these sellers have put into this home including a complete kitchen remodel with new countertops, SS appliances, a pantry, and a coffee station with additional cabinets. This home also has had all new interior paint, carpet baseboards, doors, and lighting to name a few. Enjoy the large and private backyard with a new concrete patio, sprinkler system, and shed. An additional 3rd parking spot has also been added to the front-drive. Great location close to I-25, walking distance to Boyd Lake, Hospitals, Restaurants & Shopping. This home is a must-see! Call (970) 310-6999 to schedule a private tour or click here for more information.
1809 Orchard Place, Fort Collins, CO 80521
MLS 957635
Listing Agent: Paul Hunter
Don’t miss out on this charming ranch style home close to CSU, with a full basement. This fantastic property has four bedrooms, two bathrooms and a one car attached garage. Currently rented for $2,000 per month through July 2022. Call (970) 673-7285 to schedule your private tour or click here for more information.
615 Oak Street, Windsor, CO 80550
MLS 958047
Listing Agent: Elizabeth Dolton
Welcome home to idyllic Mid-Century Modern living! EXPERTLY RENOVATED with modern lines and historic charm, this turn-key property has it all- Open Floor Plan, Fireplace, and a Gorgeous Kitchen perfect for entertaining. The OVERSIZED LOT and huge yard provides plenty of space to play! Nestled in the heart of Windsor near schools, parks, library and downtown. Alley access/ NO HOA/Approved for an accessory dwelling in backyard. This gem won’t last long! Come check it out! Call (970) 396-7233 to schedule your private tour or click here for more information.
Inventory Uptick
We are noticing a trend that is very good news for buyers.
Inventory has been increasing over the last month which means that buyers now have more properties to consider.
Just in the last week, the number of homes for sale has increased:
13% in Larimer County
12% in Weld County
11% in Metro Denver
If you are a buyer who has been waiting for home properties to look at, now is the time!
The 12 Facts of Real Estate
While your true love may be getting you a partridge in a pear tree in the near future, we decided to give you the 12 facts of Colorado real estate:
- 1 is the ranking Colorado owns for long-term home price appreciation versus all other states
- 2.6% unemployment rate in Colorado right now
- 3.73% mortgage rate for a 30-year mortgage which is about half of the long term average
- 4.7% apartment vacancy rate in Metro Denver, the lowest since 2015
- 5.5% is the long-term average for yearly home price appreciation along the Front Range
- 6,000,000 live in Colorado
- 7,000 residential properties are for sale in Metro Denver right now and the average for this time of year is 14,700
- 80,000 is the number of people that is added to our state’s population each year
- 9 homes are for sale in Larimer and Weld County priced over $2,500,000
- -10% is the decrease in new home construction in Larimer County compared to last year while Weld County grew by 17%
- 11 times in the last 40 years home prices have gone up at least 8% along the Front Range
- $1,202,488 is the average price for a single-family home in the City of Boulder
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.
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 at colorado@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.
18 Days
We now measure inventory levels in terms of days.
Typically we measure in months. For instance, a “balanced market” is when there is 4 to 6 months of inventory currently for sale. Meaning that, in a balanced market, it would take 4 to 6 months to sell every home that is currently on the market.
Anything less than 4 months is a seller’s market. Certainly, when we measure in days, we are in an extreme seller’s market.
Today the Greeley market has 18 days of inventory, Fort Collins has 27 days, Loveland has 30, and Windsor has 51.
These are all lower than a year ago. For example, Greeley at this time last year had 27 days of inventory.
But this statistic can be misleading. Sometimes people assume that the extreme seller’s market applies to all price ranges and all locations.
Not true. When we drill down we find sub-patterns that are revealing. For example, homes in Loveland priced over $500,000 have 3 months of inventory and homes in Fort Collins over $750,000 have 5 months.
Because inventory levels tend to increase as prices increase, there becomes a distinct advantage for the move-up buyer. Today, many people can sell in an extreme seller’s market and move up to a price range with less competition and more selection.
Beautiful Ranch Style Home on .3 Acres
This impeccably cared for home 7407 Rosecroft Dr situated on .3 acres with a fenced yard in Belmont Ridge awaits. The gorgeous 4 bedroom, 3 bathroom ranch home features a Great room with a vaulted ceiling, a formal dining room, breakfast nook and 3 car garage. The master retreat showcases a double sided fireplace, adjoining a 5 piece master bathroom, with a beautifully finished river rock shower. Entertain friends and family in the finished basement which is plumbed for a wet bar. This home is better than NEW! Call Rondi duPont for a private showing or click the link below for more details.
Immaculate 5 Bedroom Home!
Immaculate 5 bdrm home on 3209 Ambush Dr in Wellington’s popular Buffalo Creek neighborhood! This fabulous property features numerous custom upgrades, to include the expanded kitchen with alder-wood cabinets, tile back-splash and large pantry. The open floor plan boasts vaulted ceilings and plenty of bright sunlight! Professionally finished basement. Large front porch, back yard patio and mature landscaping makes relaxing and entertaining a blast! 3 car garage with epoxy finished floor. Simply stunning! Call Jon Holsten for a private showing or click the link below for more details.
https://windermerenoco.com/listing/77266967
Adorable Home with a Great Backyard!
Adorable home at 941 Columbine on large lot comes with new Champion siding & windows, heated/insulated garage with new garage door, new furnace/air conditioning, new gas range and dishwasher, fresh paint, 2 sheds – one is a workshop! Off-street RV parking, established landscaping, no HOA. Enjoy an easy walk to the library, Tozer Elementary School, and neighborhood park. Outdoor deck is wired for a hot tub! The backyard has a large deck, fire pit, and a fenced in garden! Call Meagan Griesel for your private showing at 970-310-9357 or click the link below for more details.
https://windermerenoco.com/listing/77261011
