$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 year ago.

In total, liabilities on residential properties (mortgages, equity loans, etc.) is $12.9 trillion.

So, collectively, residential property owners in the U.S. have a 71% equity share and owe 29% of the value.

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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, and activities for kids including bouncy houses and a face painter.

We will have a raffle of amazing gifts with all proceeds going to our very own Windermere Foundation.

This party is a Fall tradition for us and we love the chance to connect with our clients while benefiting a worthy cause.

You can see all the details plus RSVP HERE.

The post Tailgate Time! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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, and activities for kids including bouncy houses and a face painter.

We will have a raffle of amazing gifts with all proceeds going to our very own Windermere Foundation.

This party is a Fall tradition for us and we love the chance to connect with our clients while benefiting a worthy cause.

You can see all the details plus RSVP HERE.

The post Tailgate Time! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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 4%

The post Ups and Downs appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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 back deck with great views, front porch is covered, well maintained yard with full sprinkler and drip system, and (best of all!) only 3 houses down from the community pool and park. Blocks from new Berthoud Rec Center, downtown shopping and restaurants. Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 993387

Welcoming & warm, this charming Storybrook home at 2220 Friar Tuck Court has been meticulously maintained. Come see the gorgeous and well-equipped kitchen featuring a large granite island that opens to the Living Room with gas fireplace. The main floor boasts 9′ ceilings and a dedicated office. Upstairs you’ll find a large bonus loft along with 3 spacious bedrooms and the laundry room. The primary suite features an over-sized walk-in closet and 5 piece bathroom. The backyard is spacious and features a large patio and privacy fencing. The south facing driveway leads to an epoxy finished 2 car garage (420 sq ft) and the basement offers 964 square feet of unfinished space for you imagination to fill. Location is stellar! Only 2 miles from Old Town Fort Collins and minutes to I-25, close to all that good stuff that Northern Colorado offers. Pre-Inspected for your convenience. Call (970) 215-6768 to schedule a private tour or click here for more information. 

Reba Tipton | MLS# 993655

This immaculate 4 bedroom, 3 bathroom 2 story home showcases a harmonious blend of timeless elegance and modern updates. At 6507 Westbourn Circle, you can step inside to the open floor plan, which is perfect for entertaining. The remodeled kitchen is sure to impress any chef with the extended island, ample cabinets and functional layout. Situated on the main level, the primary bedroom ensures easy accessibility and flows into the beautifully refinished primary bathroom with freestanding tub and gas fireplace. The sunroom off of the kitchen provides a perfect spot to relax, entertain, or indulge in your hobbies year-round while basking in the natural light. Pride of ownership definitely shows throughout this home. The Seller has meticulously updated multiple features of this home. Be sure to download the additional features page on the MLS to see all the details. This charming home promises a lifestyle of comfort and convenience. Don’t miss out! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 993676

Come see 206 Homestead Way, a beautiful ranch in Brighton Farms East! Enjoy a spacious kitchen and living area – perfect for entertaining! Granite Counter tops in kitchen and bathrooms! New Carpet and flooring throughout! Furnace, AC, Water Heater, and Roof replaced in recent years! Call (970) 775-8483 to schedule a private tour or click here for more information.

Kyle Doerfler | MLS# 993960

Welcome to one of the most magnificently maintained and finished homes you will see at this price point! 6910 Peace Street has been extensively updated, with a kitchen that looks out onto an inviting living room with massively vaulted ceilings and a fireplace. The primary suite is on the main floor, along with an office for those that work at home. The basement was professionally finished to provide more space with a wine room, wet bar, 2 more bedrooms, a bathroom, and gym space. The exterior features beautiful landscaping, and a custom patio with a built-in grill. Three-car attached garage along with a detached shop/garage for all of your toys! Not often do you find a home with amazing outdoor spaces and perfect condition and layout inside, come see this home today! Call x to schedule a private tour or click here for more information.

Paul Hunter | MLS# 994494

Indulge in the epitome of serene living at 12245 County Road 17 – a resplendent rural escape meticulously reconstructed in 2016 with Mountain Views and Water Ditch Rights. Boasting 5 bedrooms and 3 bathrooms, this home is a blend of modern luxury and rustic charm. The residence features an open-concept design, bathed in natural light, adorned with an exquisite gourmet kitchen complemented by granite countertops and professional grade stainless steel appliances. Step outdoors to discover a sprawling 8.37-acre haven, perfect for gatherings or moments of introspection. The property also encompasses a custom 4-stall equestrian barn with all the bells and whistles! The owner thought of everything to make caring for the horses a breeze. The barn includes a heated wash rack, a tack room with saddle and bridle hooks, hay storage with ventilated flooring and garage door for easy loading, and even tractor storage with an additional garage door. As you enter the 2-car garage from the barn, you will find a powder bathroom with laundry hook ups for a full-size washer and dryer. Above the garage lies a rec room, perfect to take a quick break or make your private get away. Further enhancing the property’s allure are two riding arenas including a round pen and two pastures with gates, allowing for thoughtful movement between all the areas including the barn. The property also has valuable WATER DITCH RIGHTS, and an easement behind the property to limit building. Don’t forget about the chicken coop built to match the house and barn! If you’re in search of a haven where luxury meets the charm of rural living, look no further than 12245 County Road 17. Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 994412

Welcome home to 642 Denali Court, a ranch-style house situated in the desirable Winter Farms neighborhood! This property boasts a bright and open layout, with 3 beds/2 baths, & 2 car garage. A giant unfinished basement offers endless possibilities for a custom remodel or extra storage. Enjoy mature landscaping within the privacy of a fully fenced yard. Looking to get out? Parks, Downtown Windsor, Windsor Lake, Historical Museums, and the Farmers Market are easily accessible by bike and walking paths. You won’t want to miss out on this move-in ready home! Call (970) 396-7233 to schedule a private tour or click here for more information.

Elizabeth Dolton | MLS# 994445

Come enjoy the FREEDOM of the Mountains! If you’re looking for seclusion and privacy, but also quick access to town, this is your opportunity. Ten acres of mountaintop property! Enjoy the AMAZING views including Horsetooth, Fort Collins, and more! The property is at the end of the road, so lots of privacy, and the road is gated only allowing residents. The beginning of the property has been leveled out for a camper/turnaround. One of the sheds on the property has been used as a mini cabin, so start your off-grid camping today! The land does have cell phone service. 4×4 road to the property. Access is only allowed with a licensed agent. Call (970) 889-3796 for a tour or click here for more information.

Caleb Cheshier | MLS# 994227

Check out the wonderful features of this 4-bedroom home on a cul-de-sac! At 419 Amelia Court, enjoy the mature landscaping from the expansive deck. Very open floorplan, along with a second primary suite area in the daylight basement. Updated flooring, kitchen, and baths along with how well it has been maintained make this home about as perfect as you can get for the price point in the neighborhood. Schedule your showing today! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 994944

Bring your Toys! Fantastic Opportunity on one of the nicest yard/garage combinations in Mid Town Ft Collins! 4312 Black Hawk Circle sits on almost 1/3 acre on a cul-de-sac with over 1,000 sq ft of garage space, 2 professionally built storage sheds (1 with electrical power) and even more storage space with the easily accessed attic above the additional garage. Enjoy the outdoor living and entertaining space with the oversized deck covered with 2 separate awnings. Inside you’ll appreciate the abundance of light, vaulted ceilings and open floorplan. Other features include a living room fireplace, A/C, humidifier and plantation shutters. Conveniently located just minutes from Troutman Park and the Mason St bike trail. This home has been pre-inspected (ask listing agent for report). Call (970) 215-1573 to schedule a private tour or click here for more information.

Brandon Bidwell | MLS# 994905

TBD N Cucharas Mountain Court is a nicely planned 5.05 acre parcel with gorgeous views ready for you to improve ! Easy access from CR 74E, with HOA maintained roads. Three small stocked ponds and recreation areas within Glacier View Meadows for your fishing/camping enjoyment. Utilities nearby. This lot will need well and septic. Call (970) 396-6964 or (970) 573-2620 to schedule a showing or click here for more information.

Kelsey Vandemark + Shari Moran | MLS# 995134

The post New Listings August 2023 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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.

Meanwhile, sales of new homes rose 4.4%. This increase was much more than most analysts expected.

New Homes are where it is at.

The post Where It’s At appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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.

Meanwhile, sales of new homes rose 4.4%. This increase was much more than most analysts expected.

New Homes are where it is at.

The post Where It’s At appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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 cycles in 2021, 2019 and 2017.

The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.

The post Protesting! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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 cycles in 2021, 2019 and 2017.

The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.

The post Protesting! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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 the process of selling their home.

It is also a useful guideline to gauge if a property is priced correctly. If a home has had more than eight showings but is not under contract yet, there may be an issue with the price and/or condition.

Counterintuitively, this statistic is lower today than it was in the hot market of 2021. Back then the median was 12 in Larimer County and 10 in Weld County.

The reason why it was higher then, even though the market was stronger, is because there were many more buyers looking at properties. Back then there were so many buyers that many homes only allowed 15-minute showing windows in order to accommodate all of the people who wanted to see homes.

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