Most Multi

There are more multi-family residential properties under construction than at any time since 1974.

 

890,000 properties with 2+ units are currently being built across the United States.  This includes both for-sale product, and for-rent product.

 

Additional supply is clearly beneficial for both buyers and renters and will hopefully relieve some of the housing affordability issues.

 

So, why are there so many multi-family units under construction?  There seem to be three key reasons.

 

1.  The rental market is especially undersupplied with product and developers see this opportunity.

 

2.  With the increase in residential prices, multi-family becomes the only option for many first-time buyers. 

 

3.  Supply chain constraints are causing extended construction timelines.

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

Most Multi

There are more multi-family residential properties under construction than at any time since 1974.

 

890,000 properties with 2+ units are currently being built across the United States.  This includes both for-sale product, and for-rent product.

 

Additional supply is clearly beneficial for both buyers and renters and will hopefully relieve some of the housing affordability issues.

 

So, why are there so many multi-family units under construction?  There seem to be three key reasons.

 

1.  The rental market is especially undersupplied with product and developers see this opportunity.

 

2.  With the increase in residential prices, multi-family becomes the only option for many first-time buyers. 

 

3.  Supply chain constraints are causing extended construction timelines.

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

Price Peek

Here is a peek at average residential prices along the Front Range through the first half of September and how they have changed versus one year ago:

  • Larimer County = $663,000 up 11.6%
  • Weld County = $511,000 up 4.5%
  • Boulder County = $1,165,000 up 17%
  • Metro Denver = $668,000 up 9%

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

Best Places

U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list.

They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market.

Here are the top 5:

1.  Huntsville, AL

2.  Colorado Springs, CO

3.  Green Bay, WI

4.  Boulder, CO

5.  San Jose, CA

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

Best Places

U.S. News & World Report just released their ‘Best Places to Live’ rankings and two Colorado cities made the top five list.

They rank the 150 most populated metropolitan areas on criteria such as employment, quality of life, and strength of the housing market.

Here are the top 5:

1.  Huntsville, AL

2.  Colorado Springs, CO

3.  Green Bay, WI

4.  Boulder, CO

5.  San Jose, CA

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

New Rankings

The latest Home Price Index report has just been released by the Federal Housing Finance Authority.

They track home price appreciation for the largest metropolitan areas in the U.S. plus state by state appreciation.

Here is the ranking of the top three states for price growth over the last twelve months:

1.  Florida = 29%

2.  Arizona = 26%

3.  North Carolina = 25%

The bottom three states are:

50.  North Dakota = 10%

49.  Louisiana = 11%

48.  Minnesotta = 11%

Colorado came in at #19 with 18% price growth over the last 12 months.

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

New Listings August 2022

Beautiful country views at 3660 Cheetah Drive! Warm and welcoming open floor plan in the established Blackbird Knolls neighborhood. 2 year old hardwood floors throughout the first floor and stairs and 2 year old carpet and tile on the upper floor. Enjoy your view from the back of the house of conservation land and pasture. No houses will be built directly behind the house! A large kitchen with maple cabinets and large pantry make this a great space to host friends and family. Spacious bedrooms and a loft provide an office space or children’s playroom. Roof installed in June 2020 and AC installed in June 2021. Property has been pre-inspected. PCOA is needed until September 30. Call (970) 480-7471 to schedule a private tour or click here for more information.

Maureen Purcell | MLS# 972574

2636 Blackstone Court is a one of a kind house in Stoneridge. This rare find in SE Fort Collins sits on one of the most desirable lots in the neighborhood, backing to an enormous green belt. Its packed full of custom upgrades from top to bottom. Newly renovated kitchen with gorgeous expansive marble island. The primary bathroom boasts custom built in closets and heated floors.The community pool is just a block away. Updates include Primary bed bath 2021 with heated floors, kitchen remodel 2017, Water heater, AC , furnace and roof 2017. Paint 2019, New windows 2019, New front entry door 2021, sliding door 2021, garage door 2017 and garage door opener 2020. Call (970) 420-4498 to schedule a private tour or click here for more information.

Lindsey Crisanti | MLS# 972456

3811 Jackson Court has a great floor plan with complete main-floor living. Perfect location with easy access to I25. Walking distance to downtown Wellington, breweries, restaurants, and the grocery store. Home features include vaulted ceilings, pantry in the kitchen, full primary bedroom, a large yard with patio, and no HOA. Recent updates include exterior painting and a new roof before closing. Home also comes with a 1-year home warranty. Please check-out the 3D walk-through tour. Home is pre-inspected. Call (970) 691-0056 to schedule a private tour or click here for more information.

Meagan Griesel | MLS# 972780

Welcome home to 10486 Akron Street, a beautiful ranch style home in sought after Belle Creek! This Richmond home features upgraded beautiful 8′ doors and 9′ ceilings. Cozy up next to the gas fireplace with custom mantle. Appliances have been upgraded to stylish black stainless finish! Garage is fully insulated and heated for an ideal workshop! The back yard has turf for ease of maintenance and low water bills. This home has too many upgrades to list! Don’t miss out on this great home in a great location! Call (970) 980-8349 to schedule a private tour or click here for more information.

Brooke Kern | MLS# 972861

5816 E 130th Way is an amazing 3 bed, 4 bath home in Riverdale Park. Your buyers will love the open feeling of the main level perfect for entertaining. Kitchen features stainless steel appliances and solid surface countertops. Upstairs you will find 3 large bedrooms. Don’t miss the loft area that could be used as an office or hang out area. The full finished basement is perfect for an in home theater, gaming area, or a spot to get away. Exterior has a fresh coat of paint and a lots of privacy in the backyard. Call (970) 682-3050 to schedule a private tour or click here for more information.

Greg Rittner | MLS# 973291

0 County Road 22 is a 2.31 acre parcel with road frontage ready to be built on! Quick access to I-76, only 30 minutes to DIA, 10 minutes to Keenesburg and Hudson. No designated address, please see broker comments for location. There is no sign at property. Call (970) 541-4802 to schedule a private tour or click here for more information.

Natalie Parsons | MLS# 973076

Don’t miss 55410 E 27th Place, a charming two-story home in Strasburg’s Wolf Creek Run. Neighborhood boasts beautiful well cared for landscaping, a centralized park with a playground and pool. The HOA maintains all the front yards and common areas and dues include trash. This home has 4 bedrooms with one on the main floor which can be used as an office. There is also a bath on the main floor and a full bath on the second floor w/ the remaining 3 bedrooms. This home also has a brand-new sliding glass door, central AC, a fenced backyard with a shed, and a covered front porch. This is a great buy in a wonderful community. High speed internet available through TDS telecom. Call (970) 430-9630 to schedule a private tour or click here for more information.

Katie Robinson | MLS# 7844571

Welcome to Wood Creek, Arvada! 7505 Harlan Way is an awesome 4 bed, 2 bath home with a home office. This split-level home has a great open floor plan. The main level has a kitchen with granite countertops and a nice open living and dining area. The upper level has three bedrooms and an office for working from home! The lower split level has a second living area and a bedroom for guests. This home is perfect for a young family or a first-time home buyer. The nice, fenced backyard is a great area for kids to play in. Call (970) 232-4844 to schedule a private tour or click here for more information.

Phil Cooper | MLS# 973127

3103 66th Avenue Court is a better than new home in highly desired St. Michaels neighborhood. This four-level home offers three living/recreation areas! The spacious primary bedroom has its own bath with massive soaking tub and large walk-in closet. There are three more bedrooms, one and one-half additional finished baths, with one additional framed rough-in bath in the basement, ready for you to finish! The attached garage has three spaces, one being tandem. An extended concrete patio with mature landscaping makes this fenced outdoor area perfect for entertaining. Backs to greenbelt for added privacy. No Metro Tax! Call (970) 396-6964 to schedule a private tour or click here for more information.

Shari Moran | MLS# 973175

4473 Espirit Drive is a wonderful home with permanent foundation in the Sunflower active adult community. This 2-bedroom home with den/study features lot of natural light and a spacious patio with pergola. Pride of ownership abounds with newer furnace, roof and water heater. The large kitchen has lots of natural light and a breakfast bar with seating. An open floorplan has room for both living and a dining area. The master bathroom features a double sink vanity and his/her closets. An additional bedroom provides space for guests and a conveniently placed study/den gives you that extra room you need for a home office. Enjoy the insulated, over-sized garage for your winter projects or extra storage. This gated community has a clubhouse, hot tub, pickleball courts, putting green & more. Enjoy the active lifestyle with weekly community activities! Play cards, game night, dance lessons, art classes and an exercise room with hot tub. Call (970) 646-3035 to schedule a private tour or click here for more information.

Aaron Pearson | MLS# 973078

Welcome to 3094 49th Avenue, a beautiful, well maintained 4 bedroom, 3.5 bath home located in T-Bone Ranch. The 2 car garage home sits on 0.3 acres with mature landscaping, fenced in backyard, corner lot with open space to the back. Enjoy the large front porch and the patio in the backyard. Updated kitchen with newer stainless steel appliances, oak cabinets,wood floors, quartz countertops, pantry, island, updated master bath, newer hot water heater, roof & exterior paint 2018, gas fireplace, close to shopping, minimal HOA and no Metro tax. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 972951

This Poudre Heights custom-built home offers 4 bedrooms, 3.5 bathrooms, a bright main level with kitchen, office, laundry, dining and living room spaces. At 1701 Dolores River Drive, enjoy the peaceful back deck, covered front and back patios, priceless landscaping with mature flora and even a basketball court! Walk into this home and you’ll be greeted with a welcoming main level with 9+ ft ceilings, beautifully refinished main level flooring, and best of all oversized windows throughout providing an abundance of natural light! Upstairs offers three bedrooms, two bathrooms and a built in hallway nook overlooking the comfortable living room equipped with surround sound and custom built-in’s framing the gas fireplace. Primary bedroom has vaulted ceilings, a 5-piece bathroom and walk-in closet. Retreat to the cool daylight basement highlighting a great living room also with built-in surround sound, a wet bar and swing system for kids of all ages. In the basement there’s also a luxury bathroom featuring a relaxing and “zen” steam shower and an oversized bedroom with walk-in closet! This home offers a nearly 1,000 SqFt 3+ car garage (w/ controlled electric baseboard heat), a dog run, adequate attic storage w/ pull down ladder, and there’s NO METRO tax. New roof/exterior paint in 2020, main level and second level full bathroom flooring in 2021, new water heater, oven/stove, dishwasher in 2022. Seller paid home warranty offered. Call (970) 497-9045 to schedule a private tour or click here for more information.

Meaghan Nicholl | MLS# 972983

This delightful ranch style home in Aurora’s up and coming Sky Ranch Neighborhood is move in ready! 27563 E 6th Drive features a cheery front porch as a welcoming prelude to a meticulously maintained like-new home! The smart ‘split’ floor plan features a spacious family room and a retreat-like primary suite with a huge walk in closet, making main-floor living a dream. The two car garage is ideal for keeping vehicles, toys and tools out of the Colorado weather. The south facing driveway will be your friend in the winter, positioned for easy snow melt. Enjoy the neighborhood’s walking trails and parks. See this charming home today! Call (970) 215-6768 to schedule a private tour or click here for more information.

Reba Tipton | MLS# 973514

Experience zero maintenance living in this immaculate Landmark townhome built in 2020. 1716 W 50th Street is a hidden gem situated in northwest Loveland has top of the line finishes throughout. Enjoy cooking in your gourmet kitchen featuring a large island, beautiful quartz countertops and dark maple cabinets, and premier appliances. The bright and open living room has vaulted ceilings, large south facing windows, hardwood flooring, and a gas fireplace. The main level is complete with a 1/2 bath, laundry, and the primary bedroom highlighted by a luxury bathroom and walk in closet. Upstairs has a loft with an office, plus 2 large bedrooms and a full bathroom. Relax on your south facing patio as you enjoy the Louden trail at your doorsteps with mountain views. Call (719) 244-7613 to schedule a private tour or click here for more information.

Kyle Craft | MLS# 973660

Welcome west Greeley’s popular Cedarwoods neighborhood close to shopping and restaurants. 1742 68th Avenue is a ranch home that offers 4 bedrooms including two on the main floor and two in the basement. Behind French doors, an office/bedroom provides further options. Updated kitchen opens to dining and living space for entertaining. Sizable deck can be accessed from the dining area leading to a large, fully-fenced backyard. A garden level basement provides abundant natural light. Large unfinished area in the basement means expansion opportunity. Call (970) 215-1013 to schedule a private tour or click here for more information.

Maria Dellota & Mike Halloran | MLS# 973631

Amazing opportunity to own a ranch style home which sits on a .48 acres lot in central Greeley. 4908 W 23rd Street Road is a corner lot home that has 3 bedrooms (with a 4th bedroom ready for completion), 3 bathrooms, an amazing 22×15 foot attached workshop with heater, whole house fan, mature landscaping, covered patio, 2 sheds (11×10 & 14×8), 2 car attached, heated garage, walking distance to Monfort park, close to Highland Hills golf course and many different shops & restaurants. No HOA and No Metro Tax. This will not last long. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 974136

5151 29th Street #1506 is a light and bright, nicely appointed 2 Bed 2 Bath upper-level condo in desirable Pinnacle at T-Bone Ranch. Large master suite with huge walk-in closet and 3/4 master bath complete with glass shower enclosure and beautifully updated tiling and countertops. Vaulted Ceilings, Large Eat-in Kitchen with new flooring, 2nd bedroom and full main bath as well as a one car attached garage. Steps away from community pool and hot tub! Walking distance to shopping and restaurants. Set up a showing today, this one won’t last long! Call (970) 534-5440 to schedule a private tour or click here for more information.

Ben Barnhart | MLS# 974174

932 Vitala Drive is a beautifully maintained home in the Sunflower active adult community! This home has newer wood flooring throughout and tons of natural light. The large kitchen and open floorplan are perfect for entertaining. The home features two master suites, both with a 3/4 bath and large walk in closet. There is an attached sunroom that you could use all year round with access to both the house and the garage. Enjoy your time in the fenced in backyard, with beautiful flowers, a nice brick patio and garden beds. It backs to a private open space so you don’t have any neighbors directly behind you. Tinker in the large 2 car garage that is insulated and drywalled. This gated community has a clubhouse, hot tub, pickleball courts, putting green & more. Enjoy the active lifestyle with weekly community activities! Play cards, game night, dance lessons, art classes and an exercise room. RV parking may be available, subject to availability. Call (970) 646-3035 to schedule a private tour.

Aaron Pearson | MLS# 974467

The post New Listings August 2022 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Like 1993

Here’s a trivia question…

The number of new, single-family homes completed in 2022 will most closely resemble which prior year?

If you guessed 1993, you are correct.

Yes, the number of homes built and completed this year is no more than the number from 30 years ago.

In 2022, there will be just over 1 million single family homes constructed in the U.S. which is the same as 1993.

This is much more than the bottom of construction in 2011 which saw just under 500,000 new homes built.

But it is also much less than the top of 2006 which had almost 1.7 million.

Limited new home construction today is preventing anything close to a glut of inventory on the market which, in turn, insulates us from any sort of major price correction.

The post Like 1993 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Like 1993

Here’s a trivia question…

The number of new, single-family homes completed in 2022 will most closely resemble which prior year?

If you guessed 1993, you are correct.

Yes, the number of homes built and completed this year is no more than the number from 30 years ago.

In 2022, there will be just over 1 million single family homes constructed in the U.S. which is the same as 1993.

This is much more than the bottom of construction in 2011 which saw just under 500,000 new homes built.

But it is also much less than the top of 2006 which had almost 1.7 million.

Limited new home construction today is preventing anything close to a glut of inventory on the market which, in turn, insulates us from any sort of major price correction.

The post Like 1993 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Under 100

For the first time in a long time, the sale to list price ratio is below 100%.

This statistic measures the final sales price versus the listing price.

During the super-active market of the last 24 months, this number averaged over 100%.

This was a result of multiple offers and bidding wars which caused buyers to offer more than list price.

Now, the sale to list price ratio has dropped to below 100% as a result of a more balanced market.

These are the specific numbers in each of our markets:

Larimer County = 98%

Weld County = 99%

Metro Denver = 97%

The post Under 100 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.