Blog • Buyers • Fun Facts • Housing Inventory • Rental • September 23, 2022

Most Multi

by Fort Collins

There are more multi-family residential properties under construction than at any time since 1974.

890,000 properties with 2+ units are currently being built across the United States. This includes both for-sale product, and for-rent product.

Additional supply is clearly beneficial for both buyers and renters and will hopefully relieve some of the housing affordability issues.

So, why are there so many multi-family units under construction? There seem to be three key reasons.

1. The rental market is especially undersupplied with product and developers see this opportunity.

2. With the increase in residential prices, multi-family becomes the only option for many first-time buyers.

3. Supply chain constraints are causing extended construction timelines.

Housing Trends • March 4, 2022

Townhome Surge

by Fort Collins

Townhome construction has surged in the last 12 months. This is welcome news for first-time buyers who benefit from the lower prices that multi-family product tends to provide.

According to the National Association of Home Builders, townhome construction has jumped up 28% compared to the previous year.

Townhomes now represent 13% of all new residential construction starts.

Blog • Fort Collins Real Estate • Virtual Tours • September 15, 2020

Multi-Unit Property!!!

by Fort Collins

Have you been waiting for a multifamily opportunity? Well here is one close to CSU, a zero vacancy history, and numbers that make this a unique investment in west Fort Collins. 1113 – 1115 Cypress Dr, is a duplex that features a newer roof, updates in both units, and a location that can’t be beat. Gross rents of $2895 (plus chargebacks for utilities) deliver a cap rate of just above 6% based on real maintenance and upkeep costs. Remodeled bathroom in one unit, as well as some new flooring, this property has been well maintained and is ready for your investment portfolio! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.

https://windermerenoco.com/listing/114194371

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.