2.5 Per Household

On average, up and down the Front Range, there are 2.5 people living in each household.

This is an important number to know as you read the stories about census data and population growth.

Obviously, as population grows, housing needs also grow.

For every 100 people added to the population, there needs to be 40 more housing units to accommodate those people.

Those housing units come in all shapes and sizes of course.  Some are for sale and some are for rent.

The projection is that by 2040, Northern Colorado (Larimer and Weld Counties) will have 1,000,000 people which is 300,000 more than today.

So, Northern Colorado needs a total of 120,000 more housing units or 7,000 per year.

Metro Denver will grow by 500,000 people in that same time frame and will need 200,000 more housing units or 12,000 per year.

Big population growth means big growth for housing.

The post 2.5 Per Household appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

2.5 Per Household

On average, up and down the Front Range, there are 2.5 people living in each household.

This is an important number to know as you read the stories about census data and population growth.

Obviously, as population grows, housing needs also grow.

For every 100 people added to the population, there needs to be 40 more housing units to accommodate those people.

Those housing units come in all shapes and sizes of course.  Some are for sale and some are for rent.

The projection is that by 2040, Northern Colorado (Larimer and Weld Counties) will have 1,000,000 people which is 300,000 more than today.

So, Northern Colorado needs a total of 120,000 more housing units or 7,000 per year.

Metro Denver will grow by 500,000 people in that same time frame and will need 200,000 more housing units or 12,000 per year.

Big population growth means big growth for housing.

The post 2.5 Per Household appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Months of Supply

As measured by months of supply, we have a strong Seller’s market in Northern Colorado.

Both Larimer County and Weld County measure at 1.6 months of supply.

That means, at the current pace of sales, it would take only about 6 weeks to sell all of the existing homes for sale.

The measurement becomes even more interesting when we look at specific price ranges.

Under $500,000 is 1.0 months in Larimer and 0.9 in Weld.

$500,000 to $700,000 is 1.6 months in Larimer and 2.0 in Weld.

$700,000 to $1,000,000 is 2.0 months in Larimer and 3.0 in Weld.

And, over $1,000,000 is 3.6 months in Larimer and 5.3 in Weld.

We are not surprised to see higher months of inventory in higher price ranges.

It is interesting that even $1,000,000 properties have less than 6 months.

The post Months of Supply appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

More New

Nationally, new home inventory as a percentage of the total inventory just hit a record high. 26% of all properties currently available for sale are brand new homes.

To put this in perspective, in 2018 it was 14%. From 2000 to 2008 it bounced between 10% and 15%

Locally, we notice even higher numbers.

In Larimer County, 29% of all inventory is brand new. In Weld County, it is a whopping 35%.

The reason why the percentage is high is not so much because of a surge in new construction, but because the amount of re-sale properties listed for sale is so low.

The Front Range has an under-supplied market, especially when it comes to re-sale properties.

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

More New

Nationally, new home inventory as a percentage of the total inventory just hit a record high. 26% of all properties currently available for sale are brand new homes.

To put this in perspective, in 2018 it was 14%. From 2000 to 2008 it bounced between 10% and 15%

Locally, we notice even higher numbers.

In Larimer County, 29% of all inventory is brand new. In Weld County, it is a whopping 35%.

The reason why the percentage is high is not so much because of a surge in new construction, but because the amount of re-sale properties listed for sale is so low.

The Front Range has an under-supplied market, especially when it comes to re-sale properties.

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

TAX ASSESSMENT TIME

This week’s fun fact is that you just received your new valuation from your County Assessor and you have until June 8th to protest the value.

By statute, properties in Colorado are re-assessed every two years and owners are given their new Assessed Valuation in early May.

This year, many Colorado property owners are surprised by the amount their property’s value went up in just two years.

An important reason why many increases are substantial is based on the timing of comparable sales.

By statue, each County will only consider comparable sales used for the valuation between 7/1/2020 and 6/30/22.

This particular 24-month period happens to be one of the most active and robust real estate markets in history.

It can also be confusion that a new valuation received in May 2023 is based on comparable sales from way back in 2020, 2021 and the first half of 2022.

If you do plan to protest, comparable sales during that same 24-month period are the only ones which can be considered.

You may have questions about your new valuation and you may want to protest.

In any case, we are happy to help you.

Simply reach out to us!

The post TAX ASSESSMENT TIME appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

TAX ASSESSMENT TIME

This week’s fun fact is that you just received your new valuation from your County Assessor and you have until June 8th to protest the value.

By statute, properties in Colorado are re-assessed every two years and owners are given their new Assessed Valuation in early May.

This year, many Colorado property owners are surprised by the amount their property’s value went up in just two years.

An important reason why many increases are substantial is based on the timing of comparable sales.

By statue, each County will only consider comparable sales used for the valuation between 7/1/2020 and 6/30/22.

This particular 24-month period happens to be one of the most active and robust real estate markets in history.

It can also be confusion that a new valuation received in May 2023 is based on comparable sales from way back in 2020, 2021 and the first half of 2022.

If you do plan to protest, comparable sales during that same 24-month period are the only ones which can be considered.

You may have questions about your new valuation and you may want to protest.

In any case, we are happy to help you.

Simply reach out to us!

The post TAX ASSESSMENT TIME appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

New Listings April 2023

2608 Kansas Drive #I-159 is a very well kept 2 bed/3 bath townhome close to shopping, restaurants, schools, and I-25. Perfect for a first time buyer or investment property. Open floor plan on the main floor with stainless steel appliances, nice cabinets, and solid surface counters. Great private patio space for enjoying the warm Colorado summers. Upstairs features two large bedrooms and two bathrooms. Plenty of space for expansion in the full unfinished basement. This one is a must see! Call (970) 682-3050 for a private tour or click here for more information.

Greg Rittner | MLS# 984608

319 Tynan Drive is an incredibly cute and livable ranch style home in Erie close to several parks! Wood floors on both main level AND the basement give this home a quality feel. Gas fireplace in the living room gives you a cozy feel, along with a great office/bedroom off the main living area that provides a wonderful work from home option. The backyard is a private oasis to enjoy that Colorado sun on your stamped concrete patio along with apple, pear, plum, and peach trees. The basement features another potentially separate living space with high quality finishes, and a built in sauna! High quality 2 stage furnace, active radon system, and a gas line for a bbq on the backyard are even more options that make this home an amazing value! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 984896

Welcome to 6603 W 3rd Street #1820, a beautifully maintained two-bedroom, two-bathroom West Greeley condo. This home boasts an attached one-car garage, providing convenient/secure parking and storage. Upon entry, you will be greeted by an open and inviting living space. The living room is spacious and comfortable, perfect for relaxing after a long day or entertaining guests. Enjoy the outdoors on your balcony off of the living room, and extra heated storage space. The kitchen features modern appliances and plenty of counter space, making meal prep a breeze. The two bedrooms are well-appointed and offer ample closet space. The primary bedroom features an en-suite bathroom, providing optimal privacy and convenience. The second bathroom is located adjacent to the second bedroom and is easily accessible for guests. As a resident of Summerpark, you will have access to a variety of amenities, including a fitness center, pool, and clubhouse. These amenities provide ample opportunities for recreation and relaxation without ever having to leave the comfort of the neighborhood. Located just minutes away from local shopping and dining options, with its convenient location and modern amenities, this condo is the perfect place to call home. Don’t miss out on the opportunity to make your home here! Call (970) 829-1914 to schedule a private tour or click here for more information.

Jared Sickels | MLS# 985257

Golf Course Community Living Awaits! 142 Beluga Drive is a lovely 2 Story home in Water Valley is located on a large corner lot and is sure to please! The home boasts an open floor plan with vaulted ceilings, quartz counter tops and stainless steel appliances in the kitchen perfect for entertaining. All 4 bedrooms are located on the 2nd floor. The primary bedroom is spacious and prides itself with 2 walk in closets. One of the guest rooms has an ensuite bathroom, ideal for guests wanting a little more privacy. The main floor office is situated at the front of the home and can also double a relaxing reading space. In the summer, enjoy the large fenced back yard with beautiful landscaping complete with irrigation and drip system. The covered front porch is perfect to sit while sipping an after work beverage. On a cold winter day, cozy up next to the fireplace in the living room. The 3 car tandem garage allows for plenty of room for the golf cart and toys along with your cars. The unfinished basement with a rough in for a bathroom leaves additional space for the buyers to customize to their liking. Take advantage of being only one block from Eagle Lake and Park. Bring paddle boards, kayaks and fishing rods to enjoy everything the lake has to offer without paying water front prices! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 985355

Welcome to 5314 Copernicus Drive, a beautiful 3 bed, 4 bath patio home with large loft in the highly desirable Observatory Village neighborhood. The home is move in ready with updated paint, countertops, wood flooring on the main level and newer stainless-steel appliances. The new furnace, A/C, garage door and water heater will give you peace of mind as well as the roof which was replaced in 2019. Enjoy main floor living with an open floorplan featuring a comfortable kitchen, vaulted family room with fireplace, laundry and the master bedroom with ensuite bathroom and walk-in closet. The upstairs has a spacious second bedroom with full bath and a large loft perfect for your office or workout room. The permitted, professionally finished basement adds another living area, bedroom and 3/4 bath. You can relax on the front porch and enjoy the beautiful front yard or entertain with friends on the huge back patio in the summer shade. The HOA takes care of lawn maintenance, front landscaping and snow removal which allows you more time to appreciate all the area has to offer, including a walking trail, parks, and playground. There is also a community pool, and a real working Observatory/clubhouse. Walking distance to Twin Silo park, dog park, pickle ball court, restaurants and shopping. You’ll want to see this one! Call (970) 646-3035 to schedule to a private tour or click here for more information.

Aaron Pearson | MLS# 985260

1988 Cataluna Drive is an entertainer’s dream home! It has so many wonderful features, you have to see it to believe it! As you enter the home, you are greeted by a grand spiral staircase and a formal sitting room. Move through the main level to the gourmet kitchen which is a chef’s desire. The large island is perfect for prepping appetizers and meals. It boasts granite countertops, stainless steel appliance and double ovens. The kitchen opens into a large family room so you can still be a part of any social gathering. For the special occasions, enjoy your dinners in the separate dining room. For additional entertaining, move into the artfully finished basement. At the base of the stairs, discover the uniquely displayed wine niche sure to be a topic of discussion. The basement has a strikingly finished living space, rec room and bar area with appliances. The flex room in the basement can be a second office, bonus room or 6th bedroom. The home has 4 fireplaces throughout that are sure to be inviting on a chilly evening. On summer days, enjoy the Colorado weather under the covered patio and beautifully landscaped backyard. The 3-car garage is extremely spacious to fit cars and a golf cart. Don’t forget all the additional features of living in Water Valley. Lakes, golf courses, walking trail etc. Resort living at its best! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 985188

Welcome home to 5437 Hilldale Court, a beautifully updated 6-bedroom (7th room that’s used as an office is also a conforming bedroom), 5-bathroom home in Clarendon Hills. Situated on a 0.46-acre lot, this two-story home has a main floor office/study & built-in cabinetry, along with 9-foot ceilings on the main floor for a more open feel and vaulted ceilings in the family room. The kitchen features a gas stove, microwave/oven combo, wine bar, and beverage refrigerator. The fully updated basement was redone in 2021 & includes 2 bedrooms, 2 bathrooms, a wet bar, and a fabulous rec room designed for entertaining. Outdoors is another entertainment-ready space, with mature trees and landscaping, a covered patio, a stunning brick fireplace, a pond, and a hot tub. All these special details are sure to take your entertaining to the next level! Located on a quiet cul-de-sac, this property has easy walking access to Cathy Fromme Park, serene natural areas, and nature trails. Additionally, this home is close to McGraw Elementary and is minutes away from CSU. Seller is offering a 10k concession to choose your new exterior paint color. With a strong offer the exterior paint will be completed before closing. Call (970) 232-4844 to schedule a private tour or click here for more information.

Philip Cooper | MLS# 985135

Welcome home to 1491 Lanterns Lane, a beautiful low-maintenance patio home! What makes this home Better than New? It is the upgraded Solstice model with included window treatments, custom-built privacy shade added to the wrap-around private patio and upgraded floors throughout both levels of the home. No need to worry about extensive lawncare, just relax and enjoy your leisure time. From the gorgeous hard surfaces throughout, you’ll find it easy to keep your home looking its best. With 3 bedrooms and 3 bathrooms, there’s plenty of room to spread out. The main floor features 10-foot ceilings, plenty of natural light, and a beautiful fireplace – perfect for cozy evenings in. The spacious quartz countertops make preparing meals a pleasure, while the main floor laundry room offers added convenience. The finished basement is an added bonus. Enjoy the efficiency of the Tesla Solar & vehicle hookup available in the garage. Come by today and see why this is the perfect home for you! Call (970) 690-5707 to schedule a private tour or click here for more information. 

Jared Foster | MLS# 4167226

Welcome to 2037 Bayfront Drive, your dream home in Water Valley! This stunning property boasts a spacious layout, modern finishes, and luxurious amenities that will exceed your expectations. With 5 bedrooms, 3 bathrooms and wide living space with freshly refinished wood floors, this home is has exceptional space. You can enjoy an open floor plan that seamlessly connects the living room, dining room, and kitchen. The gourmet kitchen is a chef’s dream, featuring newer stainless steel appliances, granite countertops, and plenty of cabinet space. The living room is perfect for cozy nights in with a gas fireplace and large windows that provide an abundance of natural light. The primary bedroom suite is complete with a large walk-in closet and a spa-like bathroom. The additional bedrooms are equally spacious and feature ample closet space. Located in the heart of Windsor, this home is just minutes away from local attractions such as the Pelican Lakes Golf Course, Windsor Lake, and the Windsor Community Recreation Center. You’ll also find plenty of shopping and dining options nearby. Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 985534

Country living , close to town! 1905 Riverview Drive is a beautiful 4 bedroom, 3 bath home that has been stylishly updated throughout with new plush carpet and stunning quartz kitchen counters and a tastefully updated primary bath. Beautiful hardwood floors in the dining and kitchen areas as well as a fireplace perfectly placed in the basement family room with wood stove insert for those chilly nights. All of this sits on a sprawling 2.35 acre lot surrounded by mountain views, lush trees and vegetation. The perfect haven for animal lovers and gardeners alike, with space for horses, chickens, llamas, vegetables, herbs, etc. Nestled within a tranquil community, this charming home truly offers the best of both worlds , a serene retreat and a prime location just minutes away from Longmont and Berthoud. Offering the perfect blend of comfort, convenience, and community. Free HOA provided irrigation water keeps your outdoor oasis green and lush all season long. An outbuilding with 2 entrances to store all your tools and toys while the back deck and patio are the ideal spots for hosting summer barbecues and gatherings. This home is not to be missed. Call (970) 690-5707 to schedule your private tour or click here for more information.

Jared Foster | MLS# 985599

Looking for a charming and spacious home in Ft. Collins, CO? Look no further than 1624 Adriel Circle. This beautiful property boasts an array of amenities and luxurious features that are sure to impress.With 4 bedrooms and 3 bathrooms, this home has plenty of space for friends and family. The open concept living area is flooded with natural light and features hardwood floors, a cozy fireplace, and soaring, beamed ceilings. The gourmet kitchen is equipped with stainless steel appliances, granite countertops, and plenty of storage space. But the amenities don’t stop there. Step outside and enjoy the beautiful Colorado weather from your very own backyard oasis with a spacious yard and professional landscaping. Don’t miss your chance to make this dream home yours. Contact us today to schedule a showing! Great ranch home in the highly desirable Adriel Hills subdivision. Mature landscape and well kept green space surround this large end unit . There are 3 outdoor spaces to enjoy – an enclosed courtyard greets you, a deck off the main living area and a patio off the walk out basement. The open concept living area is flooded with natural light and features hardwood floors, a cozy fireplace, and soaring and beamed ceilings. The kitchen is equipped with stainless steel appliances, granite countertops, a floating island and plenty of storage space. The lower level bathroom has been updated and an egress window added to one of the basement bedrooms makes it a conforming space. Take advantage of all that the Adriel community offers – indoor/outdoor pool, clubhouse, 6- hole golf course, and tennis courts. This secluded neighborhood is close to Old Town and has easy access to I-25. Call (970) 215-1013 to schedule a private tour or click here for more information.

Maria Dellota | MLS# 985867

Welcome home to 556 E 29th Street Drive! This spacious 4 bed, 3 bath home features new flooring on the main level and new carpet in the basement. Located conveniently near both Hwy 34 and 85, you can get where you need to go quickly. The home features an open floor plan with lots of natural light, and backs to open space. This one won’t last long! Call (970) 573-2620 to schedule a private tour or click here for more information. 

Kelsey Vandemark | MLS# 985884

Come and see this beautifully updated and maintained 2 bed, 2 full bath Deer Run home! 12589 Eudora Street is turn-key ready for you with all new windows and LVP flooring throughout, dimmable recessed lighting and attached 2-car garage. Enjoy an updated, open kitchen with modern floating shelves and a second full bath on the main level. The living room features large doors and included a TV mount and Klipsch Soundbar. Walk out to your private, fully fenced backyard with putting green and patio! Upstairs features the primary bedroom with a custom barn door and shared on-suite remodeled bathroom, additional bedroom with built-in work space, and laundry. Kitchen appliances, clothes washer and dryer, and new windows with blinds were installed in 2022. This home has been pre-inspected and is ready for you! Call (970) 541-4802 to schedule a private tour or click here for more information.

Natalie Parsons | MLS# 986302

Opportunity in the heart of Old Town awaits. 830 and 834 E Myrtle Street offers homeowners the unique opportunity to build their dream home, with ample room for a beautifully designed home and spacious outdoor living. Live the true Colorado dream as you settle in the Ft. Collins community, within walking distance to restaurants, breweries, and multiple trails. Investors don’t miss out! These lots are the ideal location for a multiplex or townhome development. Market analysis available for investors seeking to appeal to buyers seeking turnkey units, in a fabulous location. These units are not Historically Designated. Please note this is one of two properties being sold. The seller prefers to sell 830/834 E Myrtle together, but open to selling individually. The seller had completed the time-consuming and costly asbestos removal. The lots have power, water, sewer, and natural gas. Call (970) 581-5358 to schedule a private tour or click here for more information.

Tiffany Burns | MLS# 986425 & 986424

Welcome to 3433 Bent Drive, A.K.A. a fabulous retreat in Country Club Estates. Backing to the golf course with mountain views, and a pool make this property perfect for relaxing and entertaining. Recently remodeled eat in kitchen with ss appliances & quartz countertops. This home has two primary suites-one on the main level with TWO baths 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 . 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. Call x to schedule a private tour or click here for more information.

Nancy Harwood | MLS# 986513

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

In Demand

For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate.

According to the National Association of Realtors, the average price of a home in the United States is $486,000.

Compare that to the average price in our major markets:

  • Larimer County = $662,000
  • Weld County = $535,000
  • Metro Denver = $670,000

This means prices along the Front Range are 10% to 38% higher than the National Average.

While interesting, this is not surprising given our employment growth, economic health, and quality of life in our markets versus the Nation as a whole.

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

In Demand

For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate.

According to the National Association of Realtors, the average price of a home in the United States is $486,000.

Compare that to the average price in our major markets:

  • Larimer County = $662,000
  • Weld County = $535,000
  • Metro Denver = $670,000

This means prices along the Front Range are 10% to 38% higher than the National Average.

While interesting, this is not surprising given our employment growth, economic health, and quality of life in our markets versus the Nation as a whole.

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