New Listing April 30, 2023

New Listings April 2023

2608 Kansas Drive #I-159 is a very well kept 2 bed/3 bath townhome close to shopping, restaurants, schools, and I-25. Perfect for a first time buyer or investment property. Open floor plan on the main floor with stainless steel appliances, nice cabinets, and solid surface counters. Great private patio space for enjoying the warm Colorado summers. Upstairs features two large bedrooms and two bathrooms. Plenty of space for expansion in the full unfinished basement. This one is a must see! Call (970) 682-3050 for a private tour or click here for more information.

Greg Rittner | MLS# 984608

319 Tynan Drive is an incredibly cute and livable ranch style home in Erie close to several parks! Wood floors on both main level AND the basement give this home a quality feel. Gas fireplace in the living room gives you a cozy feel, along with a great office/bedroom off the main living area that provides a wonderful work from home option. The backyard is a private oasis to enjoy that Colorado sun on your stamped concrete patio along with apple, pear, plum, and peach trees. The basement features another potentially separate living space with high quality finishes, and a built in sauna! High quality 2 stage furnace, active radon system, and a gas line for a bbq on the backyard are even more options that make this home an amazing value! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 984896

Welcome to 6603 W 3rd Street #1820, a beautifully maintained two-bedroom, two-bathroom West Greeley condo. This home boasts an attached one-car garage, providing convenient/secure parking and storage. Upon entry, you will be greeted by an open and inviting living space. The living room is spacious and comfortable, perfect for relaxing after a long day or entertaining guests. Enjoy the outdoors on your balcony off of the living room, and extra heated storage space. The kitchen features modern appliances and plenty of counter space, making meal prep a breeze. The two bedrooms are well-appointed and offer ample closet space. The primary bedroom features an en-suite bathroom, providing optimal privacy and convenience. The second bathroom is located adjacent to the second bedroom and is easily accessible for guests. As a resident of Summerpark, you will have access to a variety of amenities, including a fitness center, pool, and clubhouse. These amenities provide ample opportunities for recreation and relaxation without ever having to leave the comfort of the neighborhood. Located just minutes away from local shopping and dining options, with its convenient location and modern amenities, this condo is the perfect place to call home. Don’t miss out on the opportunity to make your home here! Call (970) 829-1914 to schedule a private tour or click here for more information.

Jared Sickels | MLS# 985257

Golf Course Community Living Awaits! 142 Beluga Drive is a lovely 2 Story home in Water Valley is located on a large corner lot and is sure to please! The home boasts an open floor plan with vaulted ceilings, quartz counter tops and stainless steel appliances in the kitchen perfect for entertaining. All 4 bedrooms are located on the 2nd floor. The primary bedroom is spacious and prides itself with 2 walk in closets. One of the guest rooms has an ensuite bathroom, ideal for guests wanting a little more privacy. The main floor office is situated at the front of the home and can also double a relaxing reading space. In the summer, enjoy the large fenced back yard with beautiful landscaping complete with irrigation and drip system. The covered front porch is perfect to sit while sipping an after work beverage. On a cold winter day, cozy up next to the fireplace in the living room. The 3 car tandem garage allows for plenty of room for the golf cart and toys along with your cars. The unfinished basement with a rough in for a bathroom leaves additional space for the buyers to customize to their liking. Take advantage of being only one block from Eagle Lake and Park. Bring paddle boards, kayaks and fishing rods to enjoy everything the lake has to offer without paying water front prices! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 985355

Welcome to 5314 Copernicus Drive, a beautiful 3 bed, 4 bath patio home with large loft in the highly desirable Observatory Village neighborhood. The home is move in ready with updated paint, countertops, wood flooring on the main level and newer stainless-steel appliances. The new furnace, A/C, garage door and water heater will give you peace of mind as well as the roof which was replaced in 2019. Enjoy main floor living with an open floorplan featuring a comfortable kitchen, vaulted family room with fireplace, laundry and the master bedroom with ensuite bathroom and walk-in closet. The upstairs has a spacious second bedroom with full bath and a large loft perfect for your office or workout room. The permitted, professionally finished basement adds another living area, bedroom and 3/4 bath. You can relax on the front porch and enjoy the beautiful front yard or entertain with friends on the huge back patio in the summer shade. The HOA takes care of lawn maintenance, front landscaping and snow removal which allows you more time to appreciate all the area has to offer, including a walking trail, parks, and playground. There is also a community pool, and a real working Observatory/clubhouse. Walking distance to Twin Silo park, dog park, pickle ball court, restaurants and shopping. You’ll want to see this one! Call (970) 646-3035 to schedule to a private tour or click here for more information.

Aaron Pearson | MLS# 985260

1988 Cataluna Drive is an entertainer’s dream home! It has so many wonderful features, you have to see it to believe it! As you enter the home, you are greeted by a grand spiral staircase and a formal sitting room. Move through the main level to the gourmet kitchen which is a chef’s desire. The large island is perfect for prepping appetizers and meals. It boasts granite countertops, stainless steel appliance and double ovens. The kitchen opens into a large family room so you can still be a part of any social gathering. For the special occasions, enjoy your dinners in the separate dining room. For additional entertaining, move into the artfully finished basement. At the base of the stairs, discover the uniquely displayed wine niche sure to be a topic of discussion. The basement has a strikingly finished living space, rec room and bar area with appliances. The flex room in the basement can be a second office, bonus room or 6th bedroom. The home has 4 fireplaces throughout that are sure to be inviting on a chilly evening. On summer days, enjoy the Colorado weather under the covered patio and beautifully landscaped backyard. The 3-car garage is extremely spacious to fit cars and a golf cart. Don’t forget all the additional features of living in Water Valley. Lakes, golf courses, walking trail etc. Resort living at its best! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 985188

Welcome home to 5437 Hilldale Court, a beautifully updated 6-bedroom (7th room that’s used as an office is also a conforming bedroom), 5-bathroom home in Clarendon Hills. Situated on a 0.46-acre lot, this two-story home has a main floor office/study & built-in cabinetry, along with 9-foot ceilings on the main floor for a more open feel and vaulted ceilings in the family room. The kitchen features a gas stove, microwave/oven combo, wine bar, and beverage refrigerator. The fully updated basement was redone in 2021 & includes 2 bedrooms, 2 bathrooms, a wet bar, and a fabulous rec room designed for entertaining. Outdoors is another entertainment-ready space, with mature trees and landscaping, a covered patio, a stunning brick fireplace, a pond, and a hot tub. All these special details are sure to take your entertaining to the next level! Located on a quiet cul-de-sac, this property has easy walking access to Cathy Fromme Park, serene natural areas, and nature trails. Additionally, this home is close to McGraw Elementary and is minutes away from CSU. Seller is offering a 10k concession to choose your new exterior paint color. With a strong offer the exterior paint will be completed before closing. Call (970) 232-4844 to schedule a private tour or click here for more information.

Philip Cooper | MLS# 985135

Welcome home to 1491 Lanterns Lane, a beautiful low-maintenance patio home! What makes this home Better than New? It is the upgraded Solstice model with included window treatments, custom-built privacy shade added to the wrap-around private patio and upgraded floors throughout both levels of the home. No need to worry about extensive lawncare, just relax and enjoy your leisure time. From the gorgeous hard surfaces throughout, you’ll find it easy to keep your home looking its best. With 3 bedrooms and 3 bathrooms, there’s plenty of room to spread out. The main floor features 10-foot ceilings, plenty of natural light, and a beautiful fireplace – perfect for cozy evenings in. The spacious quartz countertops make preparing meals a pleasure, while the main floor laundry room offers added convenience. The finished basement is an added bonus. Enjoy the efficiency of the Tesla Solar & vehicle hookup available in the garage. Come by today and see why this is the perfect home for you! Call (970) 690-5707 to schedule a private tour or click here for more information. 

Jared Foster | MLS# 4167226

Welcome to 2037 Bayfront Drive, your dream home in Water Valley! This stunning property boasts a spacious layout, modern finishes, and luxurious amenities that will exceed your expectations. With 5 bedrooms, 3 bathrooms and wide living space with freshly refinished wood floors, this home is has exceptional space. You can enjoy an open floor plan that seamlessly connects the living room, dining room, and kitchen. The gourmet kitchen is a chef’s dream, featuring newer stainless steel appliances, granite countertops, and plenty of cabinet space. The living room is perfect for cozy nights in with a gas fireplace and large windows that provide an abundance of natural light. The primary bedroom suite is complete with a large walk-in closet and a spa-like bathroom. The additional bedrooms are equally spacious and feature ample closet space. Located in the heart of Windsor, this home is just minutes away from local attractions such as the Pelican Lakes Golf Course, Windsor Lake, and the Windsor Community Recreation Center. You’ll also find plenty of shopping and dining options nearby. Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 985534

Country living , close to town! 1905 Riverview Drive is a beautiful 4 bedroom, 3 bath home that has been stylishly updated throughout with new plush carpet and stunning quartz kitchen counters and a tastefully updated primary bath. Beautiful hardwood floors in the dining and kitchen areas as well as a fireplace perfectly placed in the basement family room with wood stove insert for those chilly nights. All of this sits on a sprawling 2.35 acre lot surrounded by mountain views, lush trees and vegetation. The perfect haven for animal lovers and gardeners alike, with space for horses, chickens, llamas, vegetables, herbs, etc. Nestled within a tranquil community, this charming home truly offers the best of both worlds , a serene retreat and a prime location just minutes away from Longmont and Berthoud. Offering the perfect blend of comfort, convenience, and community. Free HOA provided irrigation water keeps your outdoor oasis green and lush all season long. An outbuilding with 2 entrances to store all your tools and toys while the back deck and patio are the ideal spots for hosting summer barbecues and gatherings. This home is not to be missed. Call (970) 690-5707 to schedule your private tour or click here for more information.

Jared Foster | MLS# 985599

Looking for a charming and spacious home in Ft. Collins, CO? Look no further than 1624 Adriel Circle. This beautiful property boasts an array of amenities and luxurious features that are sure to impress.With 4 bedrooms and 3 bathrooms, this home has plenty of space for friends and family. The open concept living area is flooded with natural light and features hardwood floors, a cozy fireplace, and soaring, beamed ceilings. The gourmet kitchen is equipped with stainless steel appliances, granite countertops, and plenty of storage space. But the amenities don’t stop there. Step outside and enjoy the beautiful Colorado weather from your very own backyard oasis with a spacious yard and professional landscaping. Don’t miss your chance to make this dream home yours. Contact us today to schedule a showing! Great ranch home in the highly desirable Adriel Hills subdivision. Mature landscape and well kept green space surround this large end unit . There are 3 outdoor spaces to enjoy – an enclosed courtyard greets you, a deck off the main living area and a patio off the walk out basement. The open concept living area is flooded with natural light and features hardwood floors, a cozy fireplace, and soaring and beamed ceilings. The kitchen is equipped with stainless steel appliances, granite countertops, a floating island and plenty of storage space. The lower level bathroom has been updated and an egress window added to one of the basement bedrooms makes it a conforming space. Take advantage of all that the Adriel community offers – indoor/outdoor pool, clubhouse, 6- hole golf course, and tennis courts. This secluded neighborhood is close to Old Town and has easy access to I-25. Call (970) 215-1013 to schedule a private tour or click here for more information.

Maria Dellota | MLS# 985867

Welcome home to 556 E 29th Street Drive! This spacious 4 bed, 3 bath home features new flooring on the main level and new carpet in the basement. Located conveniently near both Hwy 34 and 85, you can get where you need to go quickly. The home features an open floor plan with lots of natural light, and backs to open space. This one won’t last long! Call (970) 573-2620 to schedule a private tour or click here for more information. 

Kelsey Vandemark | MLS# 985884

Come and see this beautifully updated and maintained 2 bed, 2 full bath Deer Run home! 12589 Eudora Street is turn-key ready for you with all new windows and LVP flooring throughout, dimmable recessed lighting and attached 2-car garage. Enjoy an updated, open kitchen with modern floating shelves and a second full bath on the main level. The living room features large doors and included a TV mount and Klipsch Soundbar. Walk out to your private, fully fenced backyard with putting green and patio! Upstairs features the primary bedroom with a custom barn door and shared on-suite remodeled bathroom, additional bedroom with built-in work space, and laundry. Kitchen appliances, clothes washer and dryer, and new windows with blinds were installed in 2022. This home has been pre-inspected and is ready for you! Call (970) 541-4802 to schedule a private tour or click here for more information.

Natalie Parsons | MLS# 986302

Opportunity in the heart of Old Town awaits. 830 and 834 E Myrtle Street offers homeowners the unique opportunity to build their dream home, with ample room for a beautifully designed home and spacious outdoor living. Live the true Colorado dream as you settle in the Ft. Collins community, within walking distance to restaurants, breweries, and multiple trails. Investors don’t miss out! These lots are the ideal location for a multiplex or townhome development. Market analysis available for investors seeking to appeal to buyers seeking turnkey units, in a fabulous location. These units are not Historically Designated. Please note this is one of two properties being sold. The seller prefers to sell 830/834 E Myrtle together, but open to selling individually. The seller had completed the time-consuming and costly asbestos removal. The lots have power, water, sewer, and natural gas. Call (970) 581-5358 to schedule a private tour or click here for more information.

Tiffany Burns | MLS# 986425 & 986424

Welcome to 3433 Bent Drive, A.K.A. a fabulous retreat in Country Club Estates. Backing to the golf course with mountain views, and a pool make this property perfect for relaxing and entertaining. Recently remodeled eat in kitchen with ss appliances & quartz countertops. This home has two primary suites-one on the main level with TWO baths and TWO walk in closets. Upstairs are another primary ensuite and 3 more bedrooms. Mature landscaping, peaceful cul de sac, fully fenced backyard on .44 acre lot and a finished basement . Main level bedroom and laundry are a bonus. A large front patio and covered back patio provide great outdoor possibilities to enjoy beautiful Colorado living. Call x to schedule a private tour or click here for more information.

Nancy Harwood | MLS# 986513

Fun Facts April 28, 2023

In Demand

For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate.

According to the National Association of Realtors, the average price of a home in the United States is $486,000.

Compare that to the average price in our major markets:

  • Larimer County = $662,000
  • Weld County = $535,000
  • Metro Denver = $670,000

This means prices along the Front Range are 10% to 38% higher than the National Average.

While interesting, this is not surprising given our employment growth, economic health, and quality of life in our markets versus the Nation as a whole.

Fun Facts April 21, 2023

Not As Different

Real Estate in the first part of 2023 along the Front Range is certainly different than the first part of 2022.  But, in terms of number of transactions, it is not as different as one might guess.

Yes, higher interest rates and lower inventory has caused the number of transactions to be less than last year.

Generally speaking, the number of homes that have sold so far in 2023 is 20% lower than the same time period last year.

This does vary by region.  Larimer County is down 15%, Weld County 29% and Metro Denver 21%.

It is important to keep in mind that the first 110 days of 2022 were unprecedented in terms of activity.

Some of the sensationalized media attention on real estate may imply that activity has come to a screeching halt, but that is simply not true.

There is still plenty of demand in the market for real estate on the Front Range.

Fun Facts April 14, 2023

More Buyers Than Sellers

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.

Fun Facts April 7, 2023

Dropping Inventory

Breaking News – months of inventory has dropped significantly signifying an uptick in real estate activity along the Front Range.‘Months of inventory’ is an important statistic and something we commonly talk about in this blog. It simply measures how long it would take to sell all of the homes currently for sale at the current pace of sales.As a reminder, a market is ‘balanced’ when there is four to six months of inventory on the market.During the fast-paced market of June 2020 to June 2022, this statistic dropped to less than one month.During the market cooling of last Winter, it increased to over two months.Now, it is back to nearly one month of supply signaling a clear seller’s market.Of course, all markets are hyper-local and this number can vary based on specific price point and specific location.However, looking at ‘months of inventory’ from a big picture view, offers a good understanding of overall market conditions.Here is what months of inventory is for each Front Range market:Larimer County = 1.3 MonthsWeld County = 1.2 Months Metro Denver = 1.1 Months

New Listing March 31, 2023

New Listings March 2023

Introducing 2186 Buena Vista Drive, a fantastic home in Greeley. This beautiful home features 4 bedrooms and 2 bathrooms, with a spacious and bright open-concept living, dining, and kitchen area. The cozy bedrooms provide enough space for everyone. The home also features updated bathrooms with new flooring and fixtures. The property sits on a large, landscaped lot with plenty of room to garden in the raised garden beds and relax in the fresh Colorado air. Off the sunroom/enclosed patio, you’ll find a built-in grill and bar area that is perfect for entertaining. This home also offers a two-car garage. Enjoy the many amenities nearby such as parks, schools, shopping, and dining. You’ll be in the perfect spot to explore the attractions and activities in Greeley, such as the Union Pacific Railroad Museum, the Greeley Creative District, and the Historic Downtown Greeley area. Conveniently located minutes from Highway 34, grocery shopping, schools, libraries, gyms, and parks, this location is hard to beat! Call (719) 310-9336 to schedule a private tour or click here for more information.

Anali Roath | MLS# 982832

Welcome home to 5842 Calgary Street! You don’t want to miss out on this Prairie model home in the desirable Summerfields neighborhood of Timnath Ranch. This spectacular open floor plan features 2 beds PLUS a dedicated office/study (or potential 3rd bedroom) on the main with a large master suite. The professionally finished, permitted basement has 9 foot ceilings and boasts 2 more large bedrooms, a beautiful bathroom, generous rec room with built-ins and a wet bar. This home is lush with upgrades including 42 inch cabinets, REAL hard wood floors, a great butler’s pantry/coffee bar with tons of cabinets and a large eat-in kitchen/dining room. The kitchen features double ovens, solid surface countertops, some newer appliances and a gas line if you wish to switch out the electric cooktop. The soaring ceilings accentuate the spacious 1,800 SF main level. Enjoy a morning cup of coffee on the southeast facing covered patio next to a community greenbelt. The home also has an active radon system, security system pre-wire, high end Hunter Douglas blinds, a whole house fan and a spacious 3 car garage for your toys. This home has been impeccably maintained! Of course, the neighborhood is loaded with amenities with a top-rated school right in the community, a fantastic pool w/ big water slide, clubhouse with gym, walking trails and so much more – you don’t want to miss it! Call (970) 646-3035 to schedule a private tour or click here for more information.

Aaron Pearson | MLS# 983625

475 Mount Belford Drive is a beautifully updated home with a fantastic layout. Large kitchen, lots of light, and wood floors. Open floor plan allows a great interaction of space between the kitchen and living room, with tall ceilings and open feel. Covered patio provides a great space to enjoy the backyard. Partially finished basement with a bonus room! Easy access to all of northern Colorado and amazing finishes that make this THE home for you! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 983495

Welcome to 3773 Mount Flora St. in the charming town of Wellington. Almost everything is new in this 3 bed, 2 bath ranch floorplan. New flooring, new paint, new appliances, new countertops, new windows, remodeled bathrooms, and a new roof. Enjoy the Colorado lifestyle with the property’s outdoor amenities. The large backyard offers plenty of room for outdoor activities and relaxation, including a patio perfect for summer barbecues. With easy access to nearby parks and trails, you’ll be able to take in the area’s natural beauty. All lawn irrigation water provided by HOA. Irrigation water fees included in the HOA dues are low at $30 a month and No Metro District. Call (970) 232-4844 to schedule a private tour or click here for more information.

Phil Cooper | MLS# 983659

8456 W Quarles Place is a pristine paired patio home in the coveted Ridge at Stony Brook- a quiet, low traffic 55+ community. Inviting wide entry and hall lead into gourmet kitchen featuring high end cabinets with slide out drawers, gas stove, spacious pantry and granite countertops with breakfast bar. Open dining and living area with cozy gas fireplace offer a place to gather. Large primary suite with coffered ceiling, walk in closet, and spa like tub. Custom plantation shutters throughout, gorgeous hardwood floors, study with french doors, ceiling fans and new carpet all contribute to the beauty and comfort of this home. Outside the front covered patio looks out over the courtyard, and in the back there is an enclosed patio perfect for relaxing on summer days Located in a highly desirable Littleton neighborhood, this home is just a short drive away from local attractions such as Chatfield State Park, Red Rocks Amphitheater, and the convenience of C470. Enjoy a wide variety of restaurants, shops, and parks, and take in the stunning mountain views that surround the area. Call (970) 449-2652 to schedule a private tour or click here for more information.

Nancy Harwood | MLS# 984077

0 Sunrise View Place has spectacular lake, foothills and city views! This east facing lot, just up the hill from Soderberg Trailhead, looks out over Inlet Bay and the marina at Horsetooth Reservoir. Great access to boating, fishing, and trail recreation. Close to electric, buyer to look into well and septic. Pending ILC report. Steep sloping lot, no driveway so please park on street. Road is steep, drive slowly up the road, and only all-wheel or 4 wheel drive vehicles. Call (970) 541-4802 to schedule a private tour or click here for more information!

Natalie Parsons | MLS# 984175

Welcome to your dream home at 5517 Bexley Drive in beautiful Windsor, CO! Featuring 3 bedrooms and 3 bathrooms, this spacious home provides a really great space. The open-concept living area is perfect for entertaining, while the modern kitchen boasts high-end appliances and plenty of counter space. Step outside to your own private oasis, complete with a beautiful patio and a lush green lawn – perfect for summer barbecues and family gatherings. The unfinished basement provides additional space that could be used as a game room or home theater. This home is just minutes away from shopping and restaurants. Windsor is a thriving community that offers a high quality of life for its residents. From its excellent schools to its world-class parks and recreation facilities, there is something for everyone in this vibrant city. Don’t miss out on the opportunity to own this stunning home in one of Windsor’s most attractive neighborhoods. Schedule your showing today and see for yourself what makes this property so special! Call (970) 673-7285 to schedule a private tour or click here for more information!

Paul Hunter | MLS# 984324

Welcome to 5551 29th St. #3521, a beautiful and well-maintained condo located in the thriving city of Greeley, CO. This stunning property boasts two bedrooms and two bathrooms, offering a comfortable and low-maintenance living space. As you step inside, you’ll be greeted by a light-filled and open living area featuring modern finishes and neutral tones and brand new carpet throughout. The kitchen is well-equipped with stainless steel appliances and plenty of storage space, making it perfect for preparing meals at home. The adjacent dining area is perfect for enjoying a cozy meal with loved ones. The primary bedroom features an en suite bathroom, while the second bedroom is spacious. There is also a second bathroom, providing plenty of space and privacy for all residents. This condo offers many amenities, including a laundry room, a balcony, and access to a community pool and fitness center. The building is secure and well-maintained, providing peace of mind to residents. Greeley is a vibrant city with plenty of local attractions, including the Greeley Stampede, the University of Northern Colorado, and the beautiful Poudre River Trail. You’ll also love the city’s excellent dining and shopping options, as well as its vibrant cultural scene. Located in West Greeley, this condo is ideal for those looking for a low-maintenance lifestyle and easy access to local amenities. Don’t miss your chance to make 5551 29th St. #3521 your new home! Call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 984391

Views, location, and enormous potential! Endless opportunity awaits with two separate nearly 1 acre parcels located just minutes from downtown Fort Collins and from the trail head to Claymore lake. The two acres allow you to build a new home on one acre and fix up or start fresh with the existing home on the other parcel. 3720 Michaud Lane is perfect for multigenerational living or just having some extra space. This property is being sold with 0 Michaud Lane see MLS#984532. Call (970) 402-7509 to schedule a private tour or click here for more information.

Jacqueline Feil | MLS# 984533

Fun Facts March 31, 2023

Picking up Steam

In a market that seems abnormal to a lot of people we notice a very normal trend right now.  As we head into Spring, activity is picking up.

This happens pretty much every Spring and it is happening again.

When we measure the number of properties under contract, which are set to close in the next 30 to 45 days, we see that it is significantly higher than just one month ago.

Bottom line, many more properties went under contract in March than in February.  Specifically:

Larimer County is up 27% month over month.

Weld County is up 16%.

Metro Denver is up 18%.

This increase is noteworthy especially considering interest rates dropped only slightly during the month.

We expect this trend of increased sales activity to continue, as it normally does, through the Spring and into the early Summer.

Fun Facts March 24, 2023

No Middle Class

“The middle class is going away” is an often-used adage when talking about society. It is also a good way to describe today’s real estate market.  When it comes to properties for sale, the middle class has gone away.There is a class of listings which are priced to the market, in great condition, with world-class marketing.Then, there are those that are overpriced, not in good condition, with sub-par marketing.Properties in the first class are selling quickly, sometimes with multiple offers and sometimes even over list price.Properties in the second class are sitting on the market.Sellers, who want a successful result, must be in the first class.Buyers, who want a bargain or who want to ‘wheel and deal,’ can typically only find those opportunities in the second class.Here’s the thing.  Rising interest rates have caused buyers to be more picky.  Yet, low inventory has caused competition for the best properties.Both sellers and buyers need to know there is no middle class when it comes to listings.

Fun Facts March 17, 2023

March Madness

When things get crazy on Wall Street, it’s often good for real estate.

Uncertainty in the stock market attracts investors to the stability offered by Treasury Bonds.

Higher demand for bonds means lower interest rates which is obviously good for real estate buyers.

“Turbulence in the financial markets is putting significant downward pressure on rates” said Sam Khater, Freddie Mac’s chief economist.

After peaking at just over 7% at the end of October, rates have been trending down.

The current rate on a 30-year loan is 6.6%.  A year ago it was 4.16%.

Fun Facts March 10, 2023

Equity Cushion

You may remember the term “Home ATM” from the mid 2000’s. This term stemmed from the abundance of homeowners who pulled significant amounts of equity from their homes in the form of Home Equity Loans and Lines of Credit. Home values dropping in 2008, 2009 and 2010 caused many homeowners to be ‘underwater’ meaning that, all at once, their home was worth less than they owed.

Today, there are two big differences compared to the Home ATM years.

First, homeowners today have a lot of equity and very few homeowners are underwater. Of all the properties in the U.S. with mortgages, only 2.1% have negative equity. At the end of 2009, 24% of properties were underwater.

Second, homeowners are not pulling cash out of their homes like they were in the mid 2000’s. Net Equity Extraction is only 1.6% of disposable income compared to 8% during the housing bubble years.