Buyers Double, Half, Fifth Today’s inventory of residential properties along the Front Range is… Double what it was in 2021 (the all-time low) Half of the long-term average (going back to 1985) One-fifth of what it was in 2006 (the all-time high)
Fun Facts $44 Trillion Have you ever wondered how much all of the residential real estate in the U.S. is worth? It’s $44.5 trillion. That’s 44 with 12 zeroes after it. This data comes from the Federal Reserve’s Quarterly “Z.1” report. The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one […]
Fun Facts Tailgate Time! Today’s fun fact is that today is our annual Tailgate Party to benefit the Windermere Foundation. You are invited!  Feel free to stop by our Fort Collins office located at 255 E. Monroe Drive right by Trader Joe’s. All of the fun will be set up outside of our office. We have food, drinks, music, […]
Fun Facts Ups and Downs Here is a look at how the market performed in August versus August 2022   Prices: Larimer County Up 4% Weld County Up 8% Metro Denver Up 6%   Transactions: Larimer County Down 18% Weld County Down 31% Metro Denver Down 15%   Inventory: Larimer County Up 18% Weld County No Change Metro Denver Down […]
New Listing New Listings August 2023 636 Lene Lane is a beautiful Ranch in the sought after Heritage Ridge!!! 4-bedroom 3-bath home (with large walk-in closets in most of the rooms), an open floor plan, fresh paint, upgraded lighting, new stainless steel appliances, and granite countertops! Basement has ample space with a large rec//family room and lots of storage. Outside, the […]
Fun Facts Where It’s At New Homes are where it’s at. By ‘it,’ we mean inventory. Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale. Here are the stats… Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low. […]
Fun Facts Protesting! The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles. Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment […]
Fun Facts Showings to Sell How many showings will a property have before it sells? In Northern Colorado, the answer is eight. This is according to our local MLS system called IRES which tracks the median number of showings a property has before going under contract. This information is valuable to sellers so they can have realistic expectations while starting […]
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Fun Facts Larimer Resilience To see the resilience of the Front Range market, look no further than Larimer County. The average price for closed single-family homes in the month of July was $724,000. This is only the third time in history Larimer County has exceeded $700,000 for average price in a month. July’s average price is a whopping 12% […]
New Listing New Listings July 2023 8300 White Owl Court is a wonderful ranch home in Highpointe Estates offers the perfect blend of comfort and functionality. With two spacious bedrooms, each having their own bathrooms on the main level, privacy is guaranteed for everyone in the household. With an additional office in the basement, this home provides flexibility for those who […]
Fun Facts Higher Better The higher-end market in Northern Colorado, in terms of number of closings, is faring better than the overall market. When we look at the number of homes selling today and the price point of those homes, properties priced above $1,000,000 are performing better than the market as a whole. The number of closings occurring now […]
Fun Facts Year to Date Here is an interesting look at the market year to date versus the same time period in 2022. Bottom line, the number of transactions is down considerably, and prices are flat to slightly down. Larimer County = Sales down 17.5%, prices up 0.7% Weld County = Sales down 29.6%, prices down 2.2% Metro Denver = […]
Fun Facts New Opportunity One of the many opportunities for buyers today is new construction. In Northern Colorado, just under 25% of all available homes for sale are brand new homes. That percentage is roughly 50% more than normal. Buyers who are looking for a greater selection can consider new homes. New homes offer obvious advantages like trendy finishes […]
New Listing New Listings June 2023 Don’t miss this opportunity in a great location in Longmont. 1177 Hummingbird Circle is an almost new home that boasts nice finishes and open floor plan including granite countertops and maple cabinets. This home is located 5 minutes from the new Costco, easy access to Boulder and I-25. Enjoy the community feel with the park […]
Fun Facts Who Would Have Guessed? Pretend it is 2013. The real estate market is clearly recovering from the Great Recession. The Broncos are having a great year and will eventually make it to the Super Bowl. Now, imagine someone makes a prediction that 10 years in the future mortgage interest rates would double over the course of 12 months. If […]
Fun Facts The Listing Solstice Wednesday marked the first official day of summer and the longest day of the year. Coincidentally, the research shows us that listings are taking far longer to sell than one year ago. Specifically, days on market has increased by the following amounts in our market versus exactly one year ago:   Larimer County: 210% Weld […]
Fun Facts High Active The average price of all active listings is likely much higher than you think. For example, the average listing price of the nearly 5000 properties for sale in Metro Denver is nearly $1,000,000. Here is the average price of all active listings along the Front Range: Larimer County: $886,000 Weld County: $736,000 Metro Denver: $939,000
Fun Facts A New Change There is a new type of change to be prepared for. One interesting way to track the market is to measure the year-over-year difference in inventory. Quite simply, this looks at how many homes are available today versus the same time one year ago. For the past several months in a row, the difference as […]
Fun Facts Not What Many Thought Despite higher interest rates, prices did not decrease like many people thought. They certainly have not crashed like many thought. Average prices along the Front Range have seen only a slight decrease versus last year. The average price in May this year has decreased versus May of last year by:   2.5% in Larimer County […]
New Listing New Listings May 2023 Holy Garage Batman!! Seriously, if you have enough cars, trucks, boats, trailers, bikes, & gear to fill THIS garage, I wanna be friends. And yes, there’s even a Tesla charging station! The charging station can be fitted to other electric vehicles with simple adaptation. The garage height w/ storage loft will dazzle you as well. […]