How to Get Started on Your Home Search

Whatever your reasons for buying, finding the right home in the perfect neighborhood, and at a cost that is within your budget, is no small task. But if you do your research and approach the process with confidence, you are much more likely to emerge at the end of the day with a house you’ll be proud to call home.

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Luxury Leaps

One of our favorite sources of data is the Fort Collins Board of Realtors monthly market report. Their newest release of information showed some interesting numbers on the luxury market and a confirmation of other statistics we are tracking.

The Luxury market is way up over last year.

In the greater Fort Collins area over the last 12 months, sales of single family homes priced between $1 million and $2 million, have leaped up 79% over last year. 24 total sales last year compared to 43 this year.

We included a screen shot from the report below…

We will take a deeper dive and closer look at the luxury market across all of Northern Colorado in our upcoming December Windermere Report (if you don’t already receive this monthly printed newsletter in your mailbox, let us know and we will add you to the list. Just contact us HERE.) 

Quarterly Market Report

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Short vs. Long

There are short-term questions about real estate and there are long term questions about real estate.

Clients often have short-term questions like…

How much will prices go up next year? Should I sell my house this Fall or next Spring? Will interest rates go up next week?

We encourage our clients to evaluate those questions in the context of the long-term. There are decades of data on the Northern Colorado market which reveal certain patterns.

When we show our clients these patterns they feel confident and secure in the investment they have made into their home and their rental properties.

For example, the long-term appreciation rates based on up to 41 years of research are as follows:

  • Larimer County = 5.36%
  • Weld County = 4.25%
  • Metro Denver = 5.56%

So over the course of a year prices may go up a lot or go up a little, but in the long term they will stay true to these long term averages.

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