Jobs Bounce

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As the job market goes, so goes the housing market.  This is a fact about any primary housing market.

If employment is growing, the housing market will keep growing.

One of the many positive indicators of the healthy Northern Colorado economy is the fact that the jobs lost during the pandemic have bounced back.

Not only has employment recovered, it now exceeds pre-pandemic levels.

Northern Colorado unemployment is now down to 4.1%.

These facts were reported by our Chief Economist Matthew Gardner during our annual Market Forecast event.

If you would like to see any of the slides from the presentation, please let us know.

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Equity Rich

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Homeowners in Northern Colorado have a bunch of equity in their homes.This fact was reported by our Chief Economist Matthew Gardner at our annual Real Estate Market Forecast event.The term ‘equity rich’ is defined as someone who has at least 50% equity in their home.For example, if someone owns a home worth $500,000 and their mortgage balance is less than $250,000, they are ‘equity rich.’A whopping 57% of Larimer County homeowners and 46% of Weld County homeowners are equity rich.To put that in perspective, in 2015 there were roughly 20% of Northern Colorado homeowners who had this much equity in their homes.This level of equity is one of many reasons Northern Colorado is protected from any sort of severe market downturn resulting from an excessive amount of distressed properties hitting the market.

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New Listings January 2023

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Welcome to Settlers Village! 794 S Pioneer Drive is an immaculate 3 bedroom, 2 bathroom ranch style home situated on a corner lot and is perfect for entertaining. The home boasts an open floor plan with vaulted ceilings in the living room and dining nook. LVP flooring has been installed on the main level and granite countertops are throughout the home. On a gorgeous summer afternoon and evening, picture relaxing under the beautifully built gazebo with electric and lighting in the backyard. The yard is also fully enclosed with a wood privacy fence. This home has so much to offer! Schedule your showing today! Call (970) 401-0123 to schedule a private tour or click here for more information!

Rondi duPont | MLS# 980004

Situated on a corner lot, 1422 88th Avenue has plenty of elbow room. Between the spacious kitchen/dining area, large covered front porch, and covered back deck there is more than enough space for entertaining. This property also features an open floor plan, vaulted ceilings, upgraded finishes, newer stainless appliances, tile backsplash, and wood flooring. Additionally, the 5-piece primary suite includes a newly tiled shower. This home also has an oversized 3-car tandem garage. Seller is a licensed broker. Call (970) 590-9860 to schedule a private tour or click here for more information.

Angie Clauser | MLS# 980269

Welcome home to 3026 54th Avenue! If you need extra space for toys, tools, and hobbies, look no further. Featuring an attached 3 car garage AND a detached heated and cooled shop, this is a rare find. 4 bedrooms plus an office or dining room.This home backs to open space with beautiful mature landscaping. Owned Solar Panels (installed in 2019) provide you with a minimal electric bill (no lease payment!) This home has been pre-inspected for your peace of mind and necessary repairs have been completed. Many updates have been done over the last few years including a new roof in 2019 (class IV shingles), newer kitchen appliances, refaced cabinets, new countertops, updated furnace/AC, two water heaters, and fresh interior paint/carpet cleaning last month. Easy access to shopping, restaurants, and Highway 34 make this the perfect place to call home. Call (970) 573-2620 to schedule a private tour or click here for more information.

Kelsey Vandemark | MLS# 980174

352 Zeppelin Way is a meticulously cared-for Paired Home in Mosaic! This 2 bedroom, 3 bathroom with a loft is perfect for someone looking for a move-in ready home in Fort Collins! The open floor plan lends itself beautifully to entertaining. Chefs will swoon over the kitchen which boasts a farmhouse sink, quartz countertops, upgraded cabinets, soft-close drawers, and pullouts in the lower cabinets. The main level has LVP flooring throughout and the second level has newly installed carpet. As you enter from the garage the built-in hooks, cubbies, and landing zone desk are extremely convenient to keep the home tidy. The home is located on a corner to give you a little more elbow room with a completely fenced backyard for privacy. The basement is unfinished to customize to your liking. This home is so bright, airy, and full of charm you won’t be disappointed! Don’t forget the neighborhood has 2 pools and a park to enjoy! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 980735

Welcome home to 2565 Trio Falls Drive, a beautiful townhome with amazing views of the mountains and Boyd Lake! The home features an open floor plan with a great flow. The kitchen highlights granite countertops, stainless steel appliances, gas stove, and a large island. Engineered hardwood flooring throughout, 3-car garage, large primary suite with views, and plenty of storage. Enjoy multiple outdoor entertainment areas and watch the gorgeous mountain sunsets. All kitchen appliances, clothes washer, and clothes dryer included. The desirable Lakes at Centerra neighborhood has a great clubhouse with a pool, community garden plots, and walking trails not to be missed. Close to shopping & restaurants! The house has been pre-inspected and is ready to make a great home! Call Caleb at 970-889-3796 to set up a private showing or click here for more information.

Caleb Cheshier | MLS# 981140

Welcome home! 564 Mariana Pointe Drive is a beautiful, Charter built, 3 bedroom, 3 bathroom patio home is located in the coveted Mariana Butte neighborhood. You will feel right at home with everything you need on the main level. The spacious Primary bedroom and luxury Primary bathroom with a large walk-in closet, laundry room and home office are all on the main level. Enjoy beautiful Colorado evenings on the expansive back deck. You will enjoy walking right up the street to golf at the Mariana Butte golf course or hike the Butte itself. In the beautifully finished basement you will find 2 additional bedrooms and a lovely updated bathroom, as well as a large family room with a fireplace, and a very sizeable storage room with ample space for all of your storage needs. Call (970) 703-4112 to schedule a private tour or click here for more information.

Karla Laferriere | MLS# 981108

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Luxury Stats

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The numbers are in.  2022 was another strong year for luxury sales of properties over $1,000,000.Along the whole Front Range in 2022, the number of luxury properties that sold was up 6.28% over 2021.The sold price per square foot was up 5.98% compared last year.Most interestingly, the number of luxury properties that closed this past year compared to 2019 was up by a whopping 133%.Sales of luxury properties is usually a good indicator of the overall health of the market.
The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

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No Bear

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Altos Research is one of the most trusted sources of real estate market information in the United States.  Each week they track every single home for sale across the Country.  They analyze the pricing, supply, demand, and status changes for all listings.  This amount of data allows them to expertly predict changes in the market.

Their founder, Mike Simonsen, recently said this about the current state of the real estate market:

“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place.   If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.

“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”

 

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

The post No Bear appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

No Bear

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Altos Research is one of the most trusted sources of real estate market information in the United States.  Each week they track every single home for sale across the Country.  They analyze the pricing, supply, demand, and status changes for all listings.  This amount of data allows them to expertly predict changes in the market.

Their founder, Mike Simonsen, recently said this about the current state of the real estate market:

“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place.   If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.

“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”

 

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

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Versus 2019

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Because 2021 and 2020 were such unique years in real estate because of the considerably low interest rates, many people in our industry believe it makes sense to compare 2022 to 2019 when looking at the key statistics.

Here’s how 2022 looked along the Front Range compared to 2019:

 

                                             Prices                   Number of Transactions                Properties for Sale

Larimer County                 +41%                    -6%                                                     -37%

Weld County                     +39%                    +2%                                                    -16%

Metro Denver                   +40%                    -14%                                                   -6%

 

Generally, what we notice is that:

  • Prices are up significantly
  • The number of transactions is similar
  • Inventory is down compared to 2019 even though it is more than double 2021’s inventory

 

The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

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RSVP Time

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There are four key questions that our clients have right now:1. What will values do this year and is there any chance of a housing bubble?2. When will mortgage rates drop below 6%?3. Will inflation subside this year?4. Is now a good time to buy or sell? All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast.  Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist. You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.

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

RSVP Time

/in , , , , , , /by

There are four key questions that our clients have right now:1. What will values do this year and is there any chance of a housing bubble?2. When will mortgage rates drop below 6%?3. Will inflation subside this year?4. Is now a good time to buy or sell? All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast.  Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist. You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.

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New Listings December 2022

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4027 Boulder Drive is a spacious bi-level and is ready for your personal touch! The two living spaces and open kitchen are great for entertaining. A deck from the kitchen leads you down to the expansive beautiful fenced backyard where you’ll find a “hobbit” sauna, outdoor bar, fort, & separate garden space. There is plenty of storage and parking with an attached 2 car garage & a covered parking space off driveway. A bonus 10′ x 20′ “Tiny House” with solar electricity and loft is included. No HOA and is close to The Olde Course, Cattail Creek, Mehaffey Park, Lake Loveland and more! This home is in need of some TLC and is priced in consideration of such. Call (970) 691-0056 to schedule a private tour or click here for more information.

Meagan Griesel | MLS# 979283

This ranch-style brick home with attached garage is located in a desirable location close to schools, shopping, restaurants and easy access to I-25. 1221 E 85th Place has a fully fenced backyard with storage shed and parking for your RV, boat or extra toys! Kitchen includes all appliances and opens to large living room with lots of natural light. Two main floor bedrooms share a 3/4 bath. Additional heated sunroom with attached 1/2 bath, wet bar, skylights and fireplace provides more living space on main level. Full finished basement features 2 additional non-conforming bedrooms, full bath, and large family room. Washer/Dryer hookups in garage as well as basement. No HOA. Looking for a great investment, or first time home buyer? This could be the home you are looking for! Call (970) 310-4876 to schedule a private tour or click here for more information.

Kelly Swift | MLS# 979405

Welcome to the historic Shattuck House! 1127 18th Street is a stunning, all brick home that has all the charm that you could ever want. This home has been completely restored so you can enjoy it for years to come. Home features include custom built kitchen cabinets, quartz kitchen counters, new custom light-fixtures, eye-popping kitchen floors, new brick and wrought-iron fencing around the home and much more! All major components of the home have been replaced recently. HIGH INTEREST RATE BUSTER! The sellers are offering $10,000 towards closing costs and interest rate buydown so that you can make this home yours. Contact agent for breakdown of rate buydown and what payments could look like. Walking distance to Historic Downtown Greeley, Glenmere Park, UNC, and Greeley Central High School. Call (970) 690-5707 to schedule a private tour or click here for more information.

Jared Foster | MLS# 979470

4429 Julian Court is a charming home in Southeast Fort Collins home and has been lovingly remodeled and reflects pride of ownership throughout. The open floorplan is spacious and welcoming and boasts a dream kitchen, complete with top of the line appliances, quartz countertops, and lots of storage with soft close cabinets and drawers. The back yard and deck are an entertainer’s dream (mini-fridge and mounted TV included). The backyard has raised beds for gardening and a storage shed with lighting and electricity. Numerous upgrades include, a newer roof with impact resistant shingles, multi-zoned mini-split HVAC system A/C and heat, new 50 gallon water heater, and brand new solar panels ($43,000 alone!). Come see this sweetheart of a home today! Call (970) 215-6768 to schedule a private tour or click here for more information.

Reba Tipton | MLS# 979520

1678 Aylesbury Court is a move-in-ready ranch-style home on a cul-de-sac. Enjoy your 3-car garage that has ample room for all your vehicles and toys. HOA includes non-potable water for your lawn between May-September as well as FREE access to the neighborhood pool all summer long! Inside you’ll find an open-concept floorplan with new wood floors, vaulted ceilings, a fireplace, and new carpet. Flex room in the front of the house can be a large office or another living room for entertaining. The kitchen boasts a new dishwasher, garbage disposal, pantry and ample counter space including a large island. The primary suite showcases vaulted ceilings and a 5 piece bath with double sinks and an oversized tub to relax in at the end of your day. The basement has already had a full bathroom installed as well as 2 more rooms partially framed for future expansion. Enjoy time on your front porch or on your oversized backyard patio overlooking the mature and private backyard landscaping. This one-owner home has been meticulously maintained and shows pride in ownership throughout! Located near lakes, golf courses, the new Legends Sports Complex, trails, restaurants and shopping! This is the perfect home! Call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 979493

Welcome Home! 567 1st Street is a beautiful, solidly made ranch-style home in an amazing location. Cinderblock construction and Miami Stone on over 1/3 acre near downtown Berthoud. The property has Industrial zoning, which allows for many commercial uses in addition to residential. Fall in love with the fully fenced backyard resplendent with mountain views, mature landscaping, raised beds, spacious patio and hot tub. This cozy, quiet home has an eat-in kitchen with updated cabinets and countertops, both bathrooms have been updated and there is hard wood under the carpet on the main floor (except near the wood burning stove.) You will enjoy all the natural light coming into this lovely home. No HOA or metro district. Garage has 220 volt elec. service and a pellet stove so you can work in it year round. Call (970) 430-9630 to schedule a private tour or click here for more information.

Katie Robinson | MLS# 979434

964 Mouflan Drive is a perfect Ranch Home in Hunter’s Crossing. This 3 bedroom 2 bathroom home is only 2 years old and move in ready! Home boasts an open concept floor plan and vaulted ceilings in the main living area with a decorative wall as an added special touch. The back yard is fully fenced and landscaped with a wood deck from the house. The 2 car garage is finished with drywall and painted. Seller has installed a radon mitigation system, humidifier and air purifier. Metro District fee includes the non-potable water and trash. Wonderful community parks throughout the neighborhood. Come see this home!! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 979636

Come take a look at 813 37th Ave B-2, a newly updated condo which offers 2 large bedrooms, 1.5 bathrooms, new luxury vinyl plank through out the main floor and upper bathroom, new carpet upstairs, all new kitchen cabinets, new refrigerator, stove and microwave, granite countertops, new bathroom tub/shower, new bathroom vanities, bathroom light fixtures, all new doors, all new interior paint, back porch for grilling, 1 covered carport space. HOA covers: electric, gas, water, sewer, trash, lawn maintenance and snow removal. Great home or investment property. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 979925

Come take a look at 807 37th Avenue A-4, a newly updated condo which offers 2 large bedroom, 1.5 bathrooms, new luxury vinyl plank through out the main floor and upper bathroom, new carpet upstairs, all new kitchen cabinets, granite countertops, new bathroom vanities, bathroom light fixtures, all new doors, all new interior paint, back porch for grilling, 1 covered carport space. HOA covers: electric, gas, water, sewer, trash, lawn maintenance and snow removal. Great home or investment property. Call (970) 590-4841 to schedule a private tour or click here for more information.

Suzanne Ekeler | MLS# 979926

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