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 vaulted ceilings and lots of windows that flood the space with natural light. Four bedrooms upstairs, including the primary suite with vaulted ceiling and luxury bath. In the finished basement, you’ll find a large rec room along with another bedroom, full bath, and unfinished storage. Three-car garage with one bay and a walled-off heated workshop. Relax or entertain on the covered front porch or huge back patio overlooking the sprawling back yard with mature trees and shrubs. Close to community parks, schools, and everything this great community has to offer! A beautiful home and great value! Call (970) 237-2752 to schedule your private tour or click here for more information. 

Jon Holsten | MLS# 964811

At 1019 Ogden Court, it’s all about the VIEW! Welcome home – This well-maintained Clarendon Hills home located in a cul-de-sac sits on .6 acres and features a serene backyard perfect for relaxing and outdoor entertaining with wonderful views of the foothills. Enjoy main floor living with the large primary bedroom and laundry on this level. The primary bath has been updated with heated flooring, new vanities and a zero-entry shower. Real hardwood floors throughout create continuity on the main level. Vaulted ceilings in your living room that boasts a 2-sided gas fireplace that separates it from the eat in kitchen as well as a command station and formal dining room. Head upstairs to find 3 more bedrooms and a full bathroom. Don’t forget to check out the views from the two south rooms! Icing on the cake is the finished walkout basement with a bar, workshop, bathroom and room to grow as well as the 3 car garage perfect for all your vehicles and toys. If you’re looking for that special home, search no more!

Maria Dellota & Heather Patel | MLS# 964489

With new renovations from the last few years, 841 Jutland Lane has some amazing features that you will love. This stunning ranch home has an open floorplan with a double sided fireplace in the living room and dining area. The kitchen features stainless steel appliances and recently refinished cabinets with new hardware. New hickory floors on the main floor are stunning and make the home feel warm and inviting. In the basement, new carpet and new luxury vinyl plank finish out the spaces. On the main floor you’ll find the primary bedroom and 2 additional bedrooms. In the basement, make sure you check out entertaining area, with projector, projector screen and pool table all included. The wet bar is ready for you to take your entertaining to the next level. In the primary bedroom, you’ll find your oasis in the recently remodeled bathroom with a soaking tub and beautiful tile accents. Enjoy all the sunshine Colorado has to offer in the backyard under the beautiful pergola! Call (719) 310-9336 to schedule your private tour or click here for more information.

Anali Roath | MLS# 965242

Welcome to 2842 Blackstone Dr. This well maintained home shows pride of ownership. Hardwood floors throughout, private office with French doors, separate formal dining room, eat-in kitchen and vaulted ceilings are a few of the features of the main level. Upstairs you will find a loft, and all 3 bedrooms. The primary bathroom has been recently updated and dual walk-in closets are a bonus feature of the primary bedroom. The mature landscaping of the Stone Ridge subdivision and central location of this beautiful home will make this one easy to show and fall in love with. Call (970) 215-1013 to schedule your private tour or click here for more information.

Maria Dellota | MLS# 965040

6580 Tombstone Ridge Road is a stunning four-bedroom retreat backing to a greenbelt in coveted Timnath Ranch! Boasting an open floor and fabulous layout, including a main level bedroom or office, your new home further features a gourmet kitchen with wood floors, granite countertops, stainless steel appliances and tons of storage. Step into the sprawling family room with high ceilings and generous natural light, all accented by the gas fireplace with a restored mantle moved from a historic Denver home built in 1906. On the upper level, you’ll find a huge loft and three additional bedrooms, including the primary suite with classy five-piece bath and walk-in closet. Unfinished basement future expansion! Outside, you’ll enjoy relaxing on the covered front porch or entertaining on the back deck! Three-car tandem garage. Close to the neighborhood pool, town park, and Bethke Elementary. A beautiful home and amazing value with all the current and future perks of a vibrant up-and-coming community! Call (970) 237-2752 to schedule your private tour or click here for more information.

Jon Holsten | MLS# 965225

Incredible opportunity to purchase this immaculate 2 story, four bedroom, three bath home in the highly coveted, peaceful Westchase subdivision. 2251 Dolan Street is close to schools, parks, trails, and shopping. Walk to Bacon Elementary! This home features an open floor plan, with vaulted ceilings in the living room, a formal dining room and large eat-in tiled kitchen. The main floor also has a bedroom with 3/4 bath for guests or an office. Upstairs you’ll find 3 more bedrooms, laundry room and a large loft. Work on your projects in the roomy 3 car garage or relax on the front covered patio. The backyard is nicely landscaped with a huge paver patio with built-in firepit. Call (970) 646-3035 to schedule your private tour or click here for more information. 

Aaron Pearson | MLS# 965406

Are you ready for an exquisite custom home on almost an acre in Berthoud? Come see 3401 Memory Place, an inviting home with so many unique features including an expansive living room and kitchen area with a double sided fireplace, 8 foot doors, wood tile floors, 4 car oversized garage (heated and insulated too!), and 2 laundry areas! There is a huge bonus room over the garage with an attached bath that could be a great play area, office, or rec room. The ENORMOUS backyard features expanses of grass, a private hot tub area, large covered patio, and playground. The finishes are modern and expertly chosen, with an open layout for the discerning buyer. The best that Serenity Ridge has to offer! This home will not disappoint! Call (970) 673-7285 to schedule your private tour or click here for more information.

Paul Hunter | MLS# 965898

Welcome 1900 Pawnee Drive, a one of a kind ranch style home on a lot and a half in Indian Hills neighborhood! The main level features multiple living rooms, 3 fireplaces, and a master retreat with radiant floor heat and access to an outdoor patio space. Wood floors greet you in to the kitchen that showcases the size of this home. Over 5,000 square feet of finished area to live in! The basement has a grand rec room, and another suite/bedroom area in addition to two more bedrooms. All HVAC new in the last 4 years and new light fixtures throughout the home. The professionally landscaped backyard is private and has a covered gazebo with yet another built in fireplace. This is a special home, come see if it should be yours! This home will not disappoint! Call (970) 673-7285 to schedule your private tour or click here for more information.

Paul Hunter | MLS# 965894

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832 Wisteria Drive is a warm and inviting 3 bed 2 bath ranch home in Horseshoe View Estates has so much to offer you will need to see it in person to get the full picture! The home is situated on a 1/4 acre corner lot in a cul de sac. The kitchen is beautifully updated with granite and stainless steel appliances, center prep island and newly refinished wood floors. Enjoy relaxing in your large fenced backyard under the meticulously built covered patio. The patio boasts beetle kill tongue and grove ceiling with lights, fan, sound and cable overlooking a firepit. Backyard also has an RV pad and 10×10 shed for extra storage. The 3 bay garage is a handyman’s dream with heat, hot and cold water sink, sound, and ceiling fan! The basement finish has been started and is ready for tape and texture from the new owner. Don’t miss out on this home! Call (970) 401-0123 to schedule your private tour or click here for more information.

Rondi duPont | MLS# 965717

Own a special piece of Fort Collins history in this four bedroom home set in North Fort Collins’ Alta Vista neighborhood. Built in 1910 and expanded in later years – 745 Alta Vista Street boasts a classic vintage flair while presenting a great opportunity to make this home one’s own. From the large eat-in kitchen to the cozy living room, generations of the same family loved this space. Surrounded by a white picket fence with alley access, there’s plenty of room for gardening, relaxing and all types of hobbies. Close to downtown Fort Collins and all the services this great community has to offer, this home waits to be loved by the new owner for years to come. This home will not disappoint! Call (970) 237-2752 to schedule your private tour or click here for more information.

Jon Holsten | MLS# 965769

915 N. Jefferson Avenue is a meticulously remodeled bungalow is located on one of the best streets in desirable downtown Loveland. The colorful and intricately designed front landscaping leads up to the welcoming remodeled front porch next to the recently redone concrete driveway. Beautiful upgrades were done that keep the historic feeling and character – but added more modern comfort. Original 3/4 inch refinished solid oak floors All window panes and trim are original and are beautiful clear Spruce. Kitchen is updated with granite countertops, cabinets, oversized gas cooktop and is open to the dining area. The updated full bath on the main floor has repurposed many of the original items then made the new items match . Large fenced backyard with new oversized concrete pad, pergola and raised garden beds. Access to alley with room for the RV. Just a few blocks to the rec center, library, downtown, restaurants, and breweries. Call (970) 237-2752 to schedule your private tour or click here for more information.

Meagan Griesel | MLS# 965735

Don’t miss this charming well cared for Ranch home on a 1/2 acre lot! 3110 Empire Street has it all, including an over sized 2 car detached garage with a root cellar and attached storage shed. Bring your chickens and other small animals to the animal ready fenced area along with plenty of extra storage! Inside you will find plenty of character with the beautiful original fireplace and hard wood floors. Upstairs are 2 bedrooms and a full bathroom. The basement is complete with 2 additional bedrooms one of which is non-conforming. A creative/handy person could add a bathroom in the basement if they were up to the task! Call (970) 980-8349 to schedule your private tour or click here for more information.

Brooke Kern | MLS# 966046

4355 24th Street Road Unit 2303 is a fabulous four-bedroom townhome with attached two-car garage in west Greeley! Built in 2021, your new home or investment property boasts an open floor plan with fantastic kitchen featuring knotty alder soft-close cabinets, granite countertops, large island, stainless appliances and large pantry. Upstairs, you’ll find three bedrooms, including the large primary suite with luxury bath and walk-in closet. The finished basement includes a family/rec room, fourth bedroom, full bath and storage. The new owner can rest easy with the transferrable builder’s warranty still in effect. HOA covers trash, water, sewer, lawn care, snow removal — and nearby pool and tennis access. Excellent location close to hospitals, UNC, shopping and restaurants. It’s the hassle-free living you’ve been looking for! No Metro District! Call (970) 441-0645 to schedule your private tour or click here for more information.

Alisha Reynolds | MLS# 966140

4760 W 9th Street Road is in an awesome West Greeley location and setting with front views of the pond and community park. Great character with vaulted ceilings with exposed wood beams and a bonus loft area in the main living area – great little yoga or reading spot. Working wood burning fireplace with a quarter cord of wood included. Main floor living with walk-in shower and laundry off of main bedroom. Easy access to 34, walking trails, and 10 minute bike ride to the Poudre trail. Beautiful private yard comes with a calming water feature and includes 2 storage sheds and gas grill. Home should be fairly simple to add second bathroom in if someone wanted that instead of the upstairs laundry room. NO HOA. Call (970) 691-0056 to schedule your private tour or click here for more information.

Meagan Griesel | MLS# 966262

At 705 Collingswood Drive, your day begins and ends with relaxation in the desired Dellwood Heights neighborhood. Your house guests will marvel at the gorgeous ranch style home located outside of city limits and will be sure to notice the beautiful yard and garden boxes. The newer kitchen appliances and solid wood floors throughout are appreciated by all, while those with a more discerning eye will notice that the roof, furnace, A/C, and water heater have been recently replaced as well giving you added peace of mind. The large Trex deck out back is perfect for entertaining, while the well-established, third acre lot allows plenty of space for the shed and RV/boat parking area. Your out-of-town guests will appreciate the basement guest room, with its own bathroom for added privacy and convenience. Don’t let this desirable Fort Collins home pass you by! Call (970) 310-6999 to schedule your private tour or click here for more information.

Alexis Foster | MLS# 966377

This Charming Home is a short walk to the park! Better than new! Come see this beautiful ranch backing to subdivision open space and a large corner lot. With tall ceilings, open concept floor plan, a large kitchen island, 1736 Bright Shore Way offers a great area for entertaining and family gatherings. The sliding door opens into a screened patio, and a large extended stamped patio in the backyard, to enjoy the morning sunrise or quiet evenings. A finished yard, sprinkler system, fence, central A/C, self-cleaning blinds and hardwood floors. This home offers a Kitchen complete with pantry, plenty of cabinetry and barstool seating. A large, private, main level primary bedroom with a walk in closet, is seperated from the other 2 bedrooms and main bath. A large unfinished basement for the buyer’s expansion needs. Walking Paths & Lake Nearby! This home will not last! Call (970) 218-3383 to schedule your private tour or click here for more information.

Tammy Fisher | MLS# 966635

Enjoy your summer in luxury at Harmony Club, in this stunning and beautiful custom Tuscan Villa! 6926 Ridgeline Drive is located on a large premier lot on the 5th fairway, this home boasts lots of privacy in the stamped concrete gated front courtyards and back patio with expansive views of the course, mountains, and reservoir. Ready for entertaining villa style, with built in hot tub, sound system, fireplace, and professional outdoor kitchen. Enjoy as you watch the sunrise or sunset with great views all surrounded by professionally manicured landscape. Bring the entertaining indoors and enjoy the same great views and light in this open floor plan. The great room opens up to the patio and bodes all the amenities of elegant ambiance connecting to the formal dining room, bar, and chef style gourmet kitchen. The hearth room and music room are for those more intimate and cozy times. Downstairs has more entertaining options including a beautiful wine cellar and cozy bar area! Your villa awaits, come enjoy! This home will not last! Click here for more information.

Aaron Pearson & Jill Grossman-Belisle | MLS# 966562

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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 order to generate activity.
  • Inventory is up and in some areas significantly, giving buyers more options and flexibility.
  • Home buyers who are under contract with a new home waiting for that new home to be built have been negatively impacted by rising rates.
  • More buyers are considering 7 and 10-year mortgage products in order to have a lower interest rate.
  • The pendulum is swinging away from the drastic seller’s market we have seen for the last 18 months.

The post What We Notice appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

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 order to generate activity.
  • Inventory is up and in some areas significantly, giving buyers more options and flexibility.
  • Home buyers who are under contract with a new home waiting for that new home to be built have been negatively impacted by rising rates.
  • More buyers are considering 7 and 10-year mortgage products in order to have a lower interest rate.
  • The pendulum is swinging away from the drastic seller’s market we have seen for the last 18 months.

The post What We Notice appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Inventory Bottom

In Front Range markets, the number of homes for sale has just hit bottom or is about to hit bottom.

This is terrific news for home buyers who have been waiting for more homes to choose from.

The market is shifting, there is no doubt about that.

Prices are still increasing and we expect them to increase, just not at the pace they have been.

The inventory of homes for sale, which has been significantly down for two years, is finally starting to show signs of change.

We have been accustomed to inventory levels being down 30% to 50% compared to the prior year.

That is not the case anymore.

Inventory in Larimer and Weld County is now only down roughly 5% year over year.

Inventory in Metro Denver is now up 13.5% compared to this time in 2021.

We believe this is a legitimate shift in the market, not just a short-term anomaly.

No need to worry about prices crashing or a housing bubble.  There is still too little supply and too much demand for that to happen.

However, the pace of price of appreciation will certainly get back to more normal levels of 5% to 6% per year instead of 20% to 25% per year.

Bottom line, this market shift has been a long time coming and is very good news for buyers.​​​​​​​ 

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Before You Sell: Affordable Curb Appeal Tips

You know that saying, “don’t judge a book by its cover?” Unfortunately for home sellers, most home buyers are quick to judge a house by its exterior. It’s can be one of the quickest ways to weed out homes that are less desirable in the sea of for-sale signs. We don’t want your home to end up on that list, so we have come up with the top tips for upping your curb appeal game, on a budget!

Keep a Well-Maintained Yard

  • Mowing: the first step to a well-manicured lawn is to mow it regularly. Make sure to not cut it too short, and keep your blade sharp to give it the healthiest appearance.
  • Weeds: always pull weeds from their roots. After that, mulch over where they used to be to prevent light from getting to the seeds.
  • Feeding: Without extra nutrients, grass turns pale and thin. Weed seeds and moss thrive in these low nutrient conditions.
  • Watering: Be careful not to overwater! Most lawns need to be watered once a week.
  • Flowers: You can quickly and affordably dress up your yard with colorful pre-made flower pots and containers.

Dress Up the Front Porch

  • Paint: A fresh coat of paint can give your home a well-deserved facelift. Try a bold color to really make it stand out!
  • House Number: Update your number(s) to something bigger and more creative. Explore options or mix-and-match.
  • Decor: Windchimes and/or market lights across your front porch give the front of your home an inviting and warm look.
  • Hardware: Replace any hardware that is outdated or remove rust with a polisher.
  • Plants: Hanging plants in planters or having them stagger your front steps will make your porch look and feel lively and well-maintained.

Make sprucing up the front of your home a weekend project right before you sell. With a few of these quick and inexpensive changes, the exterior of your home will stand out among the rest.

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Delinquent Indicator

A leading indicator of the health of any real estate market is Mortgage Delinquencies.

Specifically, the percentage of mortgages which are at least 30 days delinquent can foretell the amount of distressed properties that may hit the market in the future.

The most recent research shows that only 4.11% of all loans are delinquent.

This number has dropped for seven quarters in a row and is now at its lowest level since the fourth quarter of 2019 (which was the lowest ever in 20 years).

It is worth noting that the delinquency rate in the years leading up to the housing bubble hovered between 5.5% to 6.0%.

Based on this data, the likelihood of a foreclosure surge or a glut of distressed properties hitting the market is minimal.

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

Delinquent Indicator

A leading indicator of the health of any real estate market is Mortgage Delinquencies.

Specifically, the percentage of mortgages which are at least 30 days delinquent can foretell the amount of distressed properties that may hit the market in the future.

The most recent research shows that only 4.11% of all loans are delinquent.

This number has dropped for seven quarters in a row and is now at its lowest level since the fourth quarter of 2019 (which was the lowest ever in 20 years).

It is worth noting that the delinquency rate in the years leading up to the housing bubble hovered between 5.5% to 6.0%.

Based on this data, the likelihood of a foreclosure surge or a glut of distressed properties hitting the market is minimal.

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Q1 2022 Colorado Real Estate Market Update

The following analysis of select counties of the Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.

 

Regional Economic Overview

The most recent jobs data showed that by February of this year Colorado had recouped all of the more than 375,000 jobs that were shed due to the pandemic and had added an additional 6,000 positions. The recovery in employment was faster than I had expected, which has led me to revise my 2022 forecast: I now predict that the Colorado job market will increase by 4% this year and will add more than 112,000 new jobs. The state unemployment rate in February was 4%, which is well below the pandemic peak of 11.8% but still above the 2.6% average in 2019. Regionally, unemployment rates ranged from a low of 3.1% in Boulder to a high of 4% in the Colorado Springs and Greeley metropolitan areas.

Colorado Home Sales

❱ In the first quarter of the year, 8,178 homes sold, representing a drop of 6.3% compared to the same period a year ago and 30% lower than in the fourth quarter of 2021.

❱ Sales increased in 4 of the 12 counties covered by this report but fell in the balance of the market areas.

❱ Similar to last quarter, low inventory levels continue to constrict sales. Listing activity was 17.3% lower than the same period in 2021 and 29.5% lower than in the fourth quarter of 2021.

❱ Pending sales, which are an indicator of future closings, also declined, though the drop of 4.3% is not that significant. That said, unless we see a surge in inventory levels in the spring, second quarter sales may also be light.

A bar graph showing the annual change in home sales for various counties in Colorado between Q1 2021 and Q1 2022.

Colorado Home Prices

❱ With limited inventory and rising mortgage rates, buyers were motivated, as demonstrated by the 14.9% increase in average prices compared to a year ago. Home prices in first quarter averaged $637,963, which is 4.5% higher than last quarter.

❱ Boulder County continues to see average sale prices holding above $1 million. Although we have seen some softening in list prices, I expect this market to remain above the $1 million mark as we move through the year.

❱ Year over year, prices rose by double-digits across all markets covered by this report, with a huge jump in the small Gilpin market.

❱ With little in the way of choice for buyers—as well as a “fear of missing out” given rising mortgage rates—it’s no surprise there was such solid price appreciation. That said, there is normally a lag between rising rates and any impact on home prices. The second quarter should indicate if the jump in rates has had a softening effect on price growth.

A map showing the year-over-year real estate market percentage changes in various counties in Colorado for Q1 2022.

A bar graph showing the annual change in home sale prices for various counties in Colorado from Q1 2021 to Q1 2022.

Mortgage Rates

Average rates for a 30-year conforming mortgage were 3.11% at the end of 2021, but since then have jumped over 1.5%—the largest increase since 1987. The surge in rates is because the market is anticipating a seven- to eight-point increase from the Federal Reserve later this year.

Because the mortgage market has priced this into the rates they are offering today, my forecast suggests that we are getting close to a ceiling in rates, and it is my belief that they will rise modestly in the second quarter before stabilizing for the balance of the year.

A bar graph showing the average rates for a 30-year conforming mortgage, plus Matthew Gardner's mortgage rate forecasts for Q2 2022 through Q1 2023.

Colorado Days on Market

❱ The average number of days it took to sell a home in the markets contained in this report fell four days compared to the first quarter of 2021.

❱ The length of time it took to sell a home dropped in every county other than Gilpin compared to the same quarter a year ago.

❱ It took an average of only 21 days to sell a home in the region, matching the previous quarter.

❱ Compared to the final quarter of 2021, average market time fell in Clear Creek, Adams, Denver, Jefferson, and Arapahoe counties, but rose in the balance of the markets contained in this report.

A bar graph showing the average days on market for homes in various counties in Colorado during Q1 2022.

Conclusions

This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

With Colorado on solid economic footing, I expect housing demand to remain strong even in the face of rising financing costs. Inventory levels remain very low, and new home construction has not expanded enough to meet demand, which continues to put upward price pressure on resale homes. The market appears to have shrugged off the jump in mortgage rates in the first quarter, but the full effects won’t be felt until later this spring. We’ll have to wait and see what impact, if any, there will be, but data on listing prices shows that home sellers remain bullish.

A speedometer graph indicating a seller's market in Colorado during Q1 2022.

Given all these factors, I am leaving the needle in the same position as last quarter. The market clearly still favors sellers, but we need a few more months of information to determine how rising mortgage rates may impact home sales and/ or prices.

About Matthew Gardner

Matthew Gardner - Chief Economist for Windermere Real Estate

As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.

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