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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Larimer Resilience

To see the resilience of the Front Range market, look no further than Larimer County.

The average price for closed single-family homes in the month of July was $724,000.

This is only the third time in history Larimer County has exceeded $700,000 for average price in a month.

July’s average price is a whopping 12% higher than February’s average price which was $646,000.

A 12% difference in just a few months is significant in any market.

What makes this increase especially significant is that interest rates have been above 6.5% the entire time.

Higher rates did not keep prices from going higher.

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New Listings July 2023

8300 White Owl Court is a wonderful ranch home in Highpointe Estates offers the perfect blend of comfort and functionality. With two spacious bedrooms, each having their own bathrooms on the main level, privacy is guaranteed for everyone in the household. With an additional office in the basement, this home provides flexibility for those who work remotely or need dedicated spaces for hobbies and creative pursuits. A major highlight of this home is the newly finished basement, featuring two additional bedrooms, each with its own bathroom. It’s perfect for accommodating guests or creating separate living quarters for extended family members.The fully fenced backyard ensures privacy and security. You can enjoy outdoor activities or host gatherings with peace of mind. Located on a quiet cul-de-sac, this home offers a quiet setting away from the hustle and bustle of city life. It’s an ideal spot for those seeking a peaceful and friendly neighborhood.The Highpointe neighborhood in Windsor is known for its popularity and desirability – don’t miss out on the chance to own a property in this sought-after area! Call (970) 215-1013 to schedule a private tour or click here for more information. 

Mike Halloran & Maria Dellota | MLS# 991540

2570 Trio Falls Drive has the benefits of a condo, with the privacy of a single family home! Centerra is a wonderful location near shopping and entertainment, and easy access to Fort Collins and Loveland. This 2 story home features an open kitchen and living room area, and the bedrooms upstairs for more privacy. Also enjoy the walk-in closet with custom built-ins, and brand new carpet throughout. This home is immaculately maintained. Near the playground and clubhouse, come see this home today! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 991417

Enjoy your morning coffee with mountain views from your private deck at 1727 Azalea Drive #3! Don’t miss out on this great bi-level townhome in West Fort Collins. This 2 bed, 2 bath home has newer LVP flooring, an updated kitchen, a nice sized pantry, new appliances, new A/C units in the upper and lower sections and great storage areas in the front and below the stairs. You can easily walk to your neighborhood pool and clubhouse from the townhome. This home has 2 reserved off-street parking spots. Located in a friendly and welcoming neighborhood, this home is just a short distance away from Colorado State University campus, Old Town Fort Collins, and Horsetooth Reservoir. You’re also a short commute away from a variety of fantastic restaurants, shopping centers, and entertainment venues, making it the perfect place to live, work, and play. This home has a transferable home warranty that was just purchased in 5/23. Call (970) 232-4844 to schedule a private tour or click here for more information.

Phil Cooper | MLS# 991573

Welcome home to this gorgeous retreat in Country Club Estates. Backing to the 3rd hole of the Olde Course with mountain views, and a POOL makes 3433 Bent Drive perfect for relaxing and entertaining. Recently remodeled eat in kitchen with ss appliances & quartz countertops. The home has brand new Hardie Board siding and exterior paint. Perfectly set up for multi generation living there are two primary suites-one on the main level with TWO bathrooms and TWO walk in closets. Upstairs are another primary ensuite and 3 more bedrooms. Mature landscaping, peaceful cul de sac, fully fenced backyard on .44 acre lot and a finished basement with lots of storage room. Main level bedroom and laundry are a bonus. A large front patio and covered back patio provide great outdoor possibilities to enjoy beautiful Colorado living. Spending hot summer days in the pool with a park like backyard it can’t get any better! This house is move in ready and has been well maintained. Pool serviced in June, will be covered for showings for liability reasons. Call (970) 449-2652 to schedule a private tour or click here for more information.

Nancy Harwood | MLS# 992027

Looking for the perfect place to call home that has all the modern updates? Look no further than 1315 Kirkwood Drive #808, a beautiful, remodeled 2 bed, 2 bath condo located in the sought-after midtown area of Fort Collins! Boasting new hard surface flooring throughout with all new carpet in bedrooms and new light fixtures and kitchen updates, and interior paint, you’ll love coming home to this cozy abode. The master bedroom even has its own private bathroom! And let’s not forget about the amazing amenities offered by your HOA — from a pool and tennis courts to a clubhouse and picnic areas — you’ll never run out of things to do. Plus, with Scotch Pines Market, bike trails, bus stops and Edora Park nearby, convenience is at your fingertips. To top it off there’s an assigned covered car port parking spot – so don’t wait another minute – come take a look today! Call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 992308

Say NO to Metro taxes and yes to this charming home in Timber Ridge! 209 Windflower Way is a sweetheart home that has been lovingly cared for and reflects pride of ownership throughout. Inside, the home has a large living room brightened by a front facing window, a dining room, and kitchen with plenty of cabinetry. Beautiful and easy to maintain hardwood flooring, four bedrooms, 3.5 baths, and a spacious 3 car garage make this a very functional home. The back yard is peaceful and private, backing to open space and walking trails. Raised beds are ready for your gardening projects. This one is a wonderful opportunity for happy new owners to move right in! Call (970) 215-6768 to schedule a private tour or click here for more information.

Reba Tipton | MLS# 992558

Welcome to your dream home! 3233 McIntosh Court is a gorgeous 3 bed 2 bath house that is situated on a large lot and offers plenty of space for the whole family. With no HOA, you can enjoy a low-maintenance lifestyle while still having the freedom to customize your outdoor living area. Updated features like new carpet, gas line for stove, water filtration system, AC and bathroom remodel with quartz surround tub and shower will make life easier and more comfortable. In addition, this home’s kitchen has been recently updated with appliances, countertops and backsplash so you can cook up your favorite meals in style! But that’s not all – outside you’ll find RV PARKING, and an expansive backyard garden complete with a greenhouse and chicken coop area as well as patio seating so you can enjoy the outdoors without ever leaving home! Plus, with its close proximity to Boyd & Horseshoe Lakes there are plenty of activities nearby if you’re looking for some adventure. Don’t miss out on this opportunity – call (970) 310-6999 to schedule a private tour or click here for more information!

Alexis Foster | MLS# 992614

359 Seahorse Drive is an incredibly well-maintained home that backs up to open space and a pond in Water Valley! You’ll be impressed with the attention to detail and pride of ownership here. Enjoy the views of Water Valley’s Golf Course from the Kitchen, Dining, Living Room, Primary Bedroom, and Covered Deck! Chefs will appreciate the large pantry, ample granite countertop space and gas oven/range. This garage has room for 2 cars + a golf cart. The garden level basement allows for plenty of natural light and has been pre-plumbed for a bathroom if you would like to expand the living area downstairs. Call (970) 215-1573 to schedule a private tour or click here for more information.

Brandon Bidwell | MLS# 992807

4529 Quest Drive is a wonderful home on a permanent foundation in the Sunflower Active Adult 55+ gated community. This 3-bedroom home features tons of natural light with extra windows and Velux skylight. Enjoy the living room which opens to the eat-in kitchen with cherry flooring, stainless-steel appliances and a gas range. The master bedroom has an en suite 3/4 bath and the full bath features a walk-in tub! The HVAC and water heater have been replaced and the house is ready to go. Enjoy the private backyard on the patio with professional landscaping and flowering plants. Walk to the Sunflower clubhouse, hot tub, pickleball courts, putting green & more. Call (970) 646-3035 to schedule a private tour or click here for more information.

Aaron Pearson | MLS# 992872

Welcome home to 473 Mariana Pointe Drive! This lovely patio home in the coveted Mariana Butte neighborhood is move-in ready. Situated on a corner lot with gorgeous mountain views and just a short walk to the Mariana Butte golf course and hiking trails, this is the place you want to call home. This ranch style home has a main floor primary bedroom with a large ensuite bathroom with a soaking tub and a spacious walk-in closet. The bright kitchen features skylights and opens up to the living room with a gas fireplace and a beautiful picture window. The dedicated office space, laundry room and large deck off the back make 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# 993018

566 Greenspire Drive is a stunning 4 bedroom, 3 bathroom, 2 story farmhouse style home in Greenspire! Nestled in a prime neighborhood, this home provides an incredible opportunity to experience the best of Windsor living. The interior boasts an open-concept design, allowing for easy movement between the living spaces, making it ideal for both entertaining and everyday living. The gourmet kitchen is a chef’s dream, featuring modern appliances, ample countertop space, extended island, and elegant cabinetry, making it the heart of the home. Whether you’re hosting a dinner party or preparing a personal meal, this kitchen is sure to inspire culinary creativity. The 3 car alley load garage is a great feature allowing for extra elbow room between neighbors. As an added unique bonus, the home has a convenient dog washing station in the entry of the mud room, catering to your furry friends’ needs. One of the major highlights of this property is its unbeatable location. Just a short stroll away, you’ll find the serene Windsor Lake, offering a variety of recreational activities such as fishing, boating, and Summer Concerts. Enjoying the outdoors has never been easier. Additionally, for those who love the charming atmosphere of Windsor, the home is within walking distance of downtown restaurants and breweries. Come and see for yourself all that this remarkable property has to offer! Seller is offering a $4000 Seller Concession with an acceptable offer. Call (970) 401-0123 to schedule a private tour.

Rondi duPont | MLS# 993092

Welcome to your dream home! 11510 W Center Avenue is a spacious 3581-square-foot abode that is the perfect combination of modern comforts and natural beauty. From open beams, rich woods and stonework, this luxurious property offers plenty of room to live, work, play, and entertain in style. The almost half acre lot has RV parking on the side of the home as well as abundant guest parking. Inside you’ll find an open floor plan with creative workspaces that allow you to make the most out of each day. There are 5 bedrooms and 3 bathrooms throughout the house plus an incredible full apartment in the lower level with interior and exterior entrances – ideal for multi-generational living or guests from out of town. This stunning property has had several recent updates including new Mini Splits system for climate control; new insulation in the attic; new high efficiency furnace; radon mitigation system; new water heater; concrete; gutters…and so much more! Outside there’s plenty of opportunity to host huge gatherings or simply dine al fresco under stars – making it perfect for entertaining friends and family alike! And if you need even more adventure – Green Mountain & its mountain biking/running trails are only moments away – not to mention proximity to Federal Center, St Anthony’s Hospital & easy access into downtown Denver or ski country. Don’t miss this one-of-a-kind opportunity – call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 993138

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

Higher Better

The higher-end market in Northern Colorado, in terms of number of closings, is faring better than the overall market.

When we look at the number of homes selling today and the price point of those homes, properties priced above $1,000,000 are performing better than the market as a whole.

The number of closings occurring now compared to this same time last year is down 30% overall.  But, the high-end market is only down 19%.

When we look further back in time, the data gets even more interesting.

Compared to 2021, Closings today are down 55% overall, but high-end sales are up 26%.

And compared to 2020, there are 59% fewer closings and 160% more high-end sales.

We believe there are two reasons for this dynamic.

First, because of price increases over the last few years, the stock of inventory today includes more $1,000,000- plus homes than the past.

Second, the high-end buyer is less affected by higher interest rates than the general population.  And, certainly less affected than first-time buyers.

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Year to Date

Here is an interesting look at the market year to date versus the same time period in 2022.

Bottom line, the number of transactions is down considerably, and prices are flat to slightly down.

Larimer County = Sales down 17.5%, prices up 0.7%

Weld County = Sales down 29.6%, prices down 2.2%

Metro Denver = Sales down 22.4%, prices down 2.9%

The post Year to Date appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Year to Date

Here is an interesting look at the market year to date versus the same time period in 2022.

Bottom line, the number of transactions is down considerably, and prices are flat to slightly down.

Larimer County = Sales down 17.5%, prices up 0.7%

Weld County = Sales down 29.6%, prices down 2.2%

Metro Denver = Sales down 22.4%, prices down 2.9%

The post Year to Date appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.