Fun Facts • April 14, 2023

More Buyers Than Sellers

by Fort Collins

The real estate market today, quite simply, has more buyers than sellers.

Let’s be clear, this is not the heated market of 2021 and 2022.

However, the market is undersupplied in most price ranges and most locations.

The National Association of Realtors just reported that the number of new listings hitting the market each week has been lower than the same time the previous year for 40 weeks in a row.

There are roughly 20% fewer new listings hitting the market each week versus last year.

The result of low inventory is homes selling quickly in many cases.

Altos Research reports that of the 73,000 listings that have come on the market so far this week Nationally, 25% of those are already under contract- selling within days, if not hours.

Bottom line, the market needs more listings.

Economy • Fort Collins Real Estate • November 17, 2017

Luxury Leaps

by Fort Collins

One of our favorite sources of data is the Fort Collins Board of Realtors monthly market report. Their newest release of information showed some interesting numbers on the luxury market and a confirmation of other statistics we are tracking.

The Luxury market is way up over last year.

In the greater Fort Collins area over the last 12 months, sales of single family homes priced between $1 million and $2 million, have leaped up 79% over last year. 24 total sales last year compared to 43 this year.

We included a screen shot from the report below…

We will take a deeper dive and closer look at the luxury market across all of Northern Colorado in our upcoming December Windermere Report (if you don’t already receive this monthly printed newsletter in your mailbox, let us know and we will add you to the list. Just contact us HERE.)

Northern Colorado Real Estate • August 18, 2017

No Two Alike

by Fort Collins

Anyone who has more than one child is frequently amazed by the difference between the children. How is it that two kids from the same parents are so different from each other?

Same goes in our Northern Colorado market. We see a major difference between certain price ranges and certain locations right here in our little neck of the woods.

Clients are constantly reading about and hearing about the “hot” market. They make assumptions that every price range and every location in Larimer and Weld Counties are on fire. Not true!

Just like two kids from the same parents are different, two price ranges in the same place are very different.

To make this point, let’s look at months of inventory. This statistic simply measures how long it would take to sell the current inventory of homes at the current pace of sales.

Across all price ranges, months of inventory in Larimer County = 2.0. Meaning it would take two months to sell all the homes currently for sale. But this is misleading, because months of inventory…

Under $500,000 is 1.2
Between $500,000 and $1,000,000 is 4.2
Over $1,000,000 is 11.7

So, the $1,000,000 seller who hears that the market is “hot” is actually faced with a year’s inventory currently on the market!

This is a very high-level look at the differences in our market. We are happy to give you a detailed look at your exact neighborhood in your exact price range. Let us know if we can help!

We have just completed a comprehensive report for anyone thinking about selling their home. The Insider’s Guide to Selling Your Home (without any stress or surprises!) is now available for you.

It is hot off the press and you can request a copy by emailing colorado@windermere.com.