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Fun Facts Best Places U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list. They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market. Here are the top 5: 1.  Huntsville, AL 2.  Colorado Springs, […]
Fun Facts New Rankings The latest Home Price Index report has just been released by the Federal Housing Finance Authority. They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation. Here is the ranking of the top three states for price growth over the last twelve months: 1.  Florida = 29% […]
New Listing New Listings August 2022 Beautiful country views at 3660 Cheetah Drive! Warm and welcoming open floor plan in the established Blackbird Knolls neighborhood. 2 year old hardwood floors throughout the first floor and stairs and 2 year old carpet and tile on the upper floor. Enjoy your view from the back of the house of conservation land and pasture. […]
Fun Facts Like 1993 Here’s a trivia question… The number of new, single-family homes completed in 2022 will most closely resemble which prior year? If you guessed 1993, you are correct. Yes, the number of homes built and completed this year is no more than the number from 30 years ago. In 2022, there will be just over 1 […]
Fun Facts Under 100 For the first time in a long time, the sale to list price ratio is below 100%. This statistic measures the final sales price versus the listing price. During the super-active market of the last 24 months, this number averaged over 100%. This was a result of multiple offers and bidding wars which caused buyers […]
Fun Facts What Gives? “I thought the market was cooling off, so why are prices still going up?” This is a frequent question we hear from our clients. They are understandably confused by the fact that average prices have continued to rise at a rapid pace even though sales activity is slower than what it was 6 months ago. […]
Fun Facts The “R” Word Our clients wonder what a recession would mean for the real estate market. Many assume it would translate into a downturn in prices. Some even worry that it would cause values to come crashing down. We looked back in history, at past recessions, to gain an understanding of what recessions mean for the Front Range market. […]
New Listing New Listings July 2022 2309 Flagstaff Place is a beautiful home with fabulous curb appeal in North Fort Collins! Close access to I-25 and old town Fort Collins. Vaulted ceilings, wood floors, newer AC and brand new interior and exterior paint (which has a 9-year transferrable warranty). Options to use the 3rd non-conforming bedroom as an office, playroom, or […]
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Fun Facts Asking Price Drop Data just released by Altos Research shows that 35% of all homes on the market have had to reduce their asking price. This is the highest this number has been since December of 2019. This is also an indicator of sellers adjusting to the reality of the new market where overly aggressive pricing is not […]
Fun Facts More Days A stat that we have expected to change is finally changing. “Days on Market” measures how long it takes for new listings to sell. Over the last two years this stat plummeted to levels we have never seen before. In the height of the market frenzy a year ago, properties were taking 7 days or […]
Fun Facts Two Week Snapshot Here is a quick snapshot of our markets two weeks into July versus the same time last year… Larimer & Weld Counties: Inventory up 61% Transaction count down 44% Prices up 17% Metro Denver: Inventory up 62% Transaction count down 31% Prices up 12%
Fun Facts Top Three Here are the top three reasons why prices are unlikely to crash even though the market has cooled off: Inventory – Ultimately, prices are driven by supply and demand.  Although supply has increased, it still remains relatively low with less than two months’ supply in most areas. New Homes – New home construction still lags […]
Fun Facts Weeks to Months For the first time in almost two years, there is more than a month’s worth of inventory on the market. This means that at the current pace of sales, it would take more than a month to sell all of the homes currently for sale. This is certainly welcome news for buyers who have been […]
New Listing New Listings June 2022 Welcome home to this charming bungalow in central Greeley!  1315 16th Avenue is the perfect starter home, offering 1 bedroom, 1 bath,  and an open floorplan with flow to the Living Room, Dining area, and Kitchen.  This excellent little home is situated on a large lot with a one car detached garage.  Close to Northern […]
Fun Facts Still Behind Single family new housing starts in 2022 will show an increase versus last year, will be the most since 2007, and will still be well behind the peak of 2006. This year, experts predict that a total of 1.1 million single family homes will be started. In 2021 there were 970 thousand new home starts. The […]
Fun Facts What the Numbers Say During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us: Inventory is up significantly year over year: Larimer County = +48% Weld County = +52% Metro Denver = +74% However, supply is still low as measured by months of inventory: […]
Fun Facts The Best News The best news in a long time has finally arrived for buyers. Inventory is up, frenzy is down. Buyers who were frustrated, confused and disappointed by the market a few months ago are now coming back to find a much more reasonable environment. Demand is still high for sure.  However, the intense, frenzied competition has […]
Fun Facts Timber! A positive outcome of the cooling housing market is lower lumber prices. Lumber is now priced at $605 per thousand board feet.  This is a new low for 2022. Prices for lumber are now down 47% for the year and are well below the 2021 peak of $1,733 per thousand board feet. What’s causing this?  […]
New Listing New Listings May 2022 2714 Sage Creek Road is a fabulous 5-bedroom home on a large corner lot in coveted Sage Creek! Featuring an open floor plan, your new home boasts a recently updated kitchen with wood floors, granite, stainless steel appliances, updated lighting, and tons of cabinet space. Large family room with gas fireplace. Grand living room with […]
Fun Facts What We Notice Here is what we notice about the market right now: Listings are receiving fewer offers compared to 60 days ago – instead of 10 offers, a listing might have 2. There are now several instances of a listing only having one offer. Sellers who were overly-aggressive with their list price have to quickly reduce in […]
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