This 3 bedroom, 2 bathroom at 4381 Suncreek Dr in Loveland offers a ranch floor plan with a large backyard has new carpet, a spacious basement, and lots of light which makes this home a delight to live in! 2 car garage, and easy access to 287 make this centrally located home convenient no matter where you need to get in Northern Colorado. Take a look at this fantastic property today! Contact Paul Hunter for your private showing at 970-673-7285 for more information or click the link below for more details.
An article in today’s Denver Post about the Metro Denver real estate market cooling off has prompted questions from our clients.
Is the same thing happening in Northern Colorado?
Are the Larimer and Weld County real estate markets showing signs of slowing?
Here’s the deal…
The Denver Post article points to the difference in number of transactions between June and July of this year. It’s no surprise to us that July had fewer closings.
What’s true in Metro Denver is also true in Northern Colorado – June tends to have more closings than any other month during the year so of course July will be slower.
In all major markets in Northern Colorado, the difference between June and July is the greatest it has ever been in the last four years.
For example, in Fort Collins, July had 18% fewer closings than June. Whereas last year the difference was 9%. In Greeley, the difference this year was 16% while last year was only 5%.
A month over month difference does not necessarily indicate a long-term trend. However, there is a difference compared to last year which should be welcome news to buyers who have been waiting for a slowdown.
The second quarter Gardner Report states that due to solid demand, home prices continue to rise with average prices up by 8.5% year-over-year to an average across the region of $438,980.
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 firstname.lastname@example.org
Contact us to get your copy immediately so you can see everything you need to know to sell your home in today’s market.
As you drive around Northern Colorado and see homes with “For Sale” signs in the front yard, there is a simple rule of thumb.
If the home is priced under $400,000, the odds are that home is under contract on its way to closing.
If the home is priced over $400,000, the odds are it is still available.
In Fort Collins there are 275 homes priced under $400,000 on the market (with signs in the front yard). 168 of those are already have a buyer and 107 are still for sale. So, 38% of the homes priced under $400,000 are available to purchase. (Check out the live feed of the homes for sale in Fort Collins under $400,000 HERE.)
For homes priced over $400,000 there is a different story. 454 are on the market in Fort Collins. 171 of those are spoken for which means 62% are still available. (Check out the live feed of the homes for sale in Fort Collins over $400,000 HERE.)
For the rest of Northern Colorado the numbers are very similar. Roughly a third of the homes priced under $400,000 are still available for sale and about two thirds of homes priced over $400,000 are available.