Fun Facts February 9, 2024

Above Water

A dynamic that gives us even more confidence about the housing market is the amount of equity that homeowners have in their property.

Equity is of course the difference between the value of the property and the amount that is owed against it.

In Larimer County, 53% of homeowners have at least 50% equity in their homes. In Weld County, the number is 38%.

It is interesting to note that Nationally, only 1.8% of homeowners are ‘underwater,’ meaning that the value is lower than what is owed against the property.

In 2009, 26% of homeowners were underwater.

Fun Facts February 2, 2024

Forecast Takeaways

Here are some of the big takeaways from our annual Market Forecast with Economist Matthew Gardner:

  • Interest rates will continue to trend down during the year and reach 6.08% by the end of 2024.
  • Home prices will have another year of modest gains increasing 2.0% to 2.5% in Northern Colorado
  • 53% of homeowners in Larimer County and 38% of homeowners in Weld County are “Equity Rich” meaning that they have at least 50% equity in their homes.
  • Inventory levels will increase in 2024 but will remain below normal which protects prices from any sort of major decline

To receive a copy of the full slide deck from the Forecast, feel free to reach out to us!

New Listing January 31, 2024

New Listings January 2024

1883 Vista Plaza Street is a move-in ready ranch-style home that boasts a spacious layout with 5 generously-sized bedrooms, 4 bathrooms plus office/flex room. The master suite includes a 5-piece bathroom and is conveniently located by the laundry room, and a mudroom enhances practicality. The gourmet kitchen is a highlight, featuring double ovens, a gas range with hood, 42-inch cabinets, a walk-in pantry, and granite countertops. For entertaining, the home offers an extended covered patio and a basement with 9ft ceilings, large family room, a full wet bar, and a mini fridge. An in-law suite in the basement provides additional accommodation options. Outdoors, the property features a mature backyard, wired for hot tub, a gas line for grilling, a sunshade, and a fenced yard with a sprinkler system. The oversized heated 3-car garage with a 12 ft ceiling ensures ample storage space. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 1001198

Welcome to 1450 Cattail Drive, your dream home in the perfect location! This charming 1 level ranch is situated in a neighborhood that you will absolutely love, with open space and the picturesque Cattail Pond as your very own backyard. Just imagine waking up every morning to the serene sights and sounds of nature right outside your window. Step inside & be greeted by a thoughtfully designed layout that offers both comfort & functionality. With 3 bedrooms and 2 baths, this home has all the space you need for you and your family. The living room is spacious yet cozy, perfect for relaxing after a long day or entertaining friends & loved ones. The kitchen is a true highlight of the home, with an open & bright layout that invites you to create culinary masterpieces. Not only does it boast ample storage space, but it also features a large pantry with plenty of shelves to neatly organize all your essentials. Plus, with the laundry conveniently located off the kitchen, multitasking has never been easier! The primary bedroom is a true sanctuary, complete with a walk-in closet. Say goodbye to clutter and hello to a beautifully organized space. Additionally, the crawl space with a cement floor provides even more storage options for those items you don’t use on a daily basis. Prepare to be amazed by the new and lush landscaping surrounding this wonderful abode. To give you a taste of what awaits you in the warmer months, we have even included a captivating YouTube video showcasing the beauty of the property. You won’t be able to resist immersing yourself in the sights and sounds of a vibrant summer paradise right in your backyard. This home features newer fencing, ensuring that your outdoor oasis remains your very own private retreat. Don’t miss out on this amazing opportunity to make this house your home. Call now to schedule a viewing and take the first step towards a life of tranquility and bliss. Your dream home is waiting for you! Call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 1001182

Location, location, location! 8015 N Louden Crossing Court has it all: gorgeous, updated home in a cul-de-sac on over half an acre, close to Windsor, Fort Collins, and Loveland. You will have to see this 6-bedroom, 5-bath home to believe it. Charm, sophistication, a very private setting, and an open floor plan make this a perfect choice! Main level office, eat-in kitchen, garden-level basement, wet bar. Other features include – leathered granite countertops, newly updated primary bathroom, mudroom, spacious rec room, and large deck. Not in a Metro District! To schedule a private tour, call (970) 430-9630 or click here for more information.

Katie Robinson | MLS# 1001152

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473 Mariana Pointe Drive has stunning  Mountain Views! Welcome to your new, move-in ready Mariana Butte patio home! Situated on a corner lot and just a short walk to the Mariana Butte golf course and hiking trails, this is the place you want to call home. The expansive deck has beautiful views of the mountains. This ranch style home has a main floor primary bedroom with a large ensuite bathroom featuring a soaking tub and a spacious walk-in closet. The functional kitchen features skylights and opens up to the living room with a gas fireplace and a beautiful, large picture window. Included on the main level is a study/office, and a laundry room making this the perfect home for main floor living. The finished basement includes a family room, 2 additional bedrooms and a bathroom. There is an unfinished storage room to finish off your basement space. Call (970) 703-4112 to schedule a private tour or click here for more information.

Karla Laferriere | MLS#1001094

Come check out 805 Summer Hawk Dr J59! Conveniently located near shopping and recreation areas and minutes from I-25, you have everything you need nearby! On the main floor you’ll find a spacious living area with a gas fireplace and large window to let in all the Colorado sunshine. The dining area is located next to the kitchen which has ample cabinet space for storage. Upstairs both bedrooms have their own private bathrooms and the primary bedroom features a walk-in closet. The unfinished basement offers lots of opportunity to expand with an additional bedroom or rec room. The community features walking paths, a playground area, and green spaces. Call (719) 310-9336 to schedule a private tour or click here for more information.

Anali Roath | MLS# 1001457

Welcome to 8093 E 134th Place, a very desirable 2 story home with 6 bedrooms, 5 bathrooms, and 4,403 SQFT of finished living space. As one of the largest models in the Villages of Riverdale, you’ll find the home features a large kitchen that opens to the vaulted living room, formal dining room and an office right off the front entrance of the home. The main level has beautiful walnut hardwood flooring. The gourmet kitchen includes a gas stove, dual ovens, a large granite island and an additional area for informal dining. Upstairs, you will find the primary bedroom with 5-piece bath, a loft area and 3 additional bedrooms, one with its own en-suite full bathroom. The home also has a newly finished basement with 2 bedrooms, a beautiful three-quarter bathroom, and an additional family room. The basement also has an abundance of storage space bringing the total square footage of the home to just over 5,000 SF. The backyard has lots of space and a patio for entertaining friends and family. There is a storage shed in the backyard for storing your lawn and gardening gear, so they don’t take up space in the 3-car garage. The large 665 SF garage has built-in shelving and a 220V outlet to plug in an electric car. There are 2 HVAC units in the home. The main units were replaced in 2023. The roof is 5 years old, and the exterior was painted in 2020. This house also enjoys a very low monthly HOA, a south-facing driveway for low shoveling maintenance in the winter months, and an elementary school within walking distance. This property is ideally located within a mile of a police/fire station and a King Soopers Marketplace, quick access to E470 and a mere 20 minutes to the airport without tolls. This home has it all and is ready for you to move right in! Call (970) 646-3035 to schedule a private tour or click here for more information.

Aaron Pearson | MLS# 1002029

If you are seeking tranquil living minutes from town, 5164 Single Tree Drive is a must see property. From the abundant natural light, to the open floor plan, living flows seamlessly. The primary suite features dual walk in closets, a newly remodeled bathroom, and opens up to a gorgeous patio. The two additional main floor bedrooms offer privacy and comfort. Located on a 1/2 acre with beautiful landscaping and a large patio, there is ample room for outdoor activities and entertaining. The unfinished basement offers room for storage or a fresh canvas to design the space of your dreams. In addition, there is RV/boat storage complete with a dump station! Located in the the coveted Prairie Trails, you are minutes away from Loveland, Bodecker and Lon Hagler Reservoirs, hiking trails, and TPC Golf Course. When people think of living the Colorado Dream, this is the property! Call (970) 581-5358 to schedule a private tour or click here for more information!

Tiffany Burns | MLS# 1001961

Fun Facts January 26, 2024

Last Chance to Register

The 10th Annual Windermere Real Estate Market Forecast is coming up next week. Go ahead and register now to save your seat.

Back by popular demand as our Keynote Speaker is Economist Matthew Gardner. He will answer the big questions on your mind about interest rates and price appreciation. He will also talk about the impacts of the upcoming election on real estate. The presentation is sure to be interesting and entertaining like it always is.

We will be live on Tuesday, January 30th at the Marriott in Fort Collins from 5:30 pm to 7:00 pm. Register at www.ColoradoForecast.com.

Fun Facts January 19, 2024

More Normal Range

The length of time that it takes for a property to sell is settling into a more normal range.

“Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold.

Today measurement stands at 72 days in Larimer County and 74 days in Weld County.

From January 2021 to November 2022, Days on Market never went above 60. This time period was defined by incredibly high demand and drastically low supply.

The time frame of January 2018 to December 2020, which was more ‘normal,’ had Days on Market between 60 and 90 days.

Fun Facts January 12, 2024

Out of the Gates

How is the year starting? All of us in the real estate industry are especially curious to see how 2024 is starting off after the first slow real estate year in a long time.

Rates have settled down and are trending down.

Prices have shown resilience and continue to go up.

But, how about transactions? Are they picking up after a year that saw an 18% decline in the number of closed residential properties?

It turns out the year is starting off strong but not unusually strong.

Pending transactions are up in Larimer County 7% year over year and up 3% in Weld County.

So, we are already seeing signs that 2024 will be a year of growth compared to last year.

Fun Facts January 5, 2024

No Drop

The numbers are in and it turns out that not even 8% rates could make prices drop in 2023.

When mortgage rates jumped this last year, many people believed that home values would fall as a result.

The fact that prices stayed flat in 2023 even though interest rates doubled between March 2022 and October 2023, shows that values along the Front Range are incredibly resilient.

Here are the 2023 average prices along the Front Range and their change compared to 2022:

Larimer County:  $621,538 / 1%

Weld County:  $527,600 / 1%

Metro Denver:  $679,710 / 0%

New Listing December 31, 2023

New Listings December 2023

Welcome to 3348 Green Lake Dr #2! This 2-story townhome is situated on the north east side of Fort Collins, conveniently located near I-25 and less than 15 minutes to Old Town, grocery shopping, and entertainment. Built in 2019, this home still feels new! Large south facing windows in the living room allow the Colorado sunshine to brighten your home all day. On the main floor you’ll find an open concept with a living room, dining area, and kitchen that features stainless steel appliances, grey granite counters, grey tile backsplash, and white cabinets. A powder bath and closet for storage finish out the space. Upstairs are the 3 bedrooms, 2 spare and one primary. One of the spare bedrooms features luxury vinyl plank flooring and the other two are carpeted. There is a 3/4 bathroom in the primary bedroom which features a large walk-in shower and dual vanity with lots of cabinet space for storage. A walk-in closet in the primary bedroom offers lots of space for storage and clothes. The community includes a playground and small bike track and isn’t far from the Poudre Trail or the Poudre Whitewater Park. The seller is offering $7,500 for a buyer to use for a rate buy-down or help with closing costs. Call (719) 310-9336 to schedule a private tour or click here for more information.

Anali Roath | MLS# 1000205

Welcome home for the holidays! Nestled in the heart of festive cheer, 7072 Sumner Street is an enchanting residence ready to make your Christmas dreams come true. Step into a winter wonderland where chestnuts roasting on an open fire evoke warmth & comfort in the cozy living room, complete with custom built-ins surrounding the gas fireplace. As you explore the home, you’ll discover a kitchen that’s decked with boughs of holly with it’s elegant alder cabinetry, gas range, granite countertops throughout & spacious corner pantry; perfect for creating holiday feasts & sweet memories. The dining area beckons with a promise of visions of sugarplums dancing as you enjoy meals with loved ones. The bedrooms are adorned with silver bells of sophistication & comfort, providing a serene retreat for a good night’s rest. A primary suite that whispers let it snow awaits, featuring a luxurious bath, walk-in closet & ample space to unwind after a day of holiday merriment. Baby it’s cold outside, but your guests can stay over & enjoy the magic of the season with a private ensuite bathroom; a sanctuary that ensures comfort & privacy. Santa’s welcome here too, with a HUGE 758 sq ft garage, long enough (29.8 ft) to accommodate his sleigh & the reindeer! Or, he could take advantage of the enclosed pet run on the south side of the spacious 0.26 acre lot! Up on the rooftop you’ll find high impact Cat 4 shingles & energy efficient solar panels allowing you to harness the power of the sun to illuminate your holiday festivities & enjoy the spirit of sustainable living throughout the year. This home is not just a dwelling; it’s a haven where joy to the world echoes through every room. Don’t miss the chance to make this holiday retreat your very own. Schedule a visit and experience the magic of Christmas every day in your new home! Call (970) 215-6768 to schedule a private tour or click here for more information.

Reba Tipton | MLS# 1000795

Fun Facts December 15, 2023

Price Plummet

For anyone waiting for home prices to drop before making a buying decision, there is good news.

The recent plummet in mortgage rates means that home prices, effectively, just took a big dip.

Rates have gone down by 1% in the last 45 days which means that a prospective home buyer’s payment is 10% less today than what it would have been at the end of October.

For example, the Principal and Interest payment for a $500,000 loan is $341 less today than what it was 45 days ago.

So, from a buyer’s perspective, prices have gone down by 10% in a very short time.

Fun Facts December 8, 2023

Inventory in Perspective

A significant dynamic in the Front Range market is the relatively low inventory. This is the main reason why prices are stable despite higher rates.

Here is some perspective on the inventory of homes for sale to help give some context.

Today’s inventory is:

  • Half of the long-term average going back 30 years
  • ¼ of the all-time high in 2006
  • 3 times the all-time low of 2021