Still Behind

Single family new housing starts in 2022 will show an increase versus last year, will be the most since 2007, and will still be well behind the peak of 2006.

This year, experts predict that a total of 1.1 million single family homes will be started. In 2021 there were 970 thousand new home starts.

The peak occurred in 2006, when 1.65 new homes were started.

So, this year will finish 33% behind the peak.

When we are asked why today’s market is different from the ‘bubble years’ of 2004 to 2007, the difference in new home starts is one reason we cite.

Even though the market is cooling, we remain significantly undersupplied which insulates prices from any kind of dramatic downturn.

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What the Numbers Say

During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us:

Inventory is up significantly year over year:

  • Larimer County = +48%
  • Weld County = +52%
  • Metro Denver = +74%

However, supply is still low as measured by months of inventory:

  • Larimer County = 1.1 Months
  • Weld County = 1 Month
  • Metro Denver = 1 Month

Transaction count is down as the pace of sales is slowing:

  • Larimer County = -24%
  • Weld County = -15%
  • Metro Denver = -19%

Yet, average prices are still up versus last year:

  • Larimer County = +18%
  • Weld County = +10%
  • Metro Denver = +14%

The post What the Numbers Say appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

What the Numbers Say

During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us:

Inventory is up significantly year over year:

  • Larimer County = +48%
  • Weld County = +52%
  • Metro Denver = +74%

However, supply is still low as measured by months of inventory:

  • Larimer County = 1.1 Months
  • Weld County = 1 Month
  • Metro Denver = 1 Month

Transaction count is down as the pace of sales is slowing:

  • Larimer County = -24%
  • Weld County = -15%
  • Metro Denver = -19%

Yet, average prices are still up versus last year:

  • Larimer County = +18%
  • Weld County = +10%
  • Metro Denver = +14%

The post What the Numbers Say appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

The Best News

The best news in a long time has finally arrived for buyers.

Inventory is up, frenzy is down.

Buyers who were frustrated, confused and disappointed by the market a few months ago are now coming back to find a much more reasonable environment.

Demand is still high for sure.  However, the intense, frenzied competition has subsided.

There is now room to breathe because there is more selection.

Here is how inventory has increased along the Front Range versus the same time a year ago:

Larimer County = 28%

Weld County = 19%

Metro Denver = 35%

These are significant increases and a trend we expect to continue.

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

Timber!

A positive outcome of the cooling housing market is lower lumber prices.

Lumber is now priced at $605 per thousand board feet.  This is a new low for 2022.

Prices for lumber are now down 47% for the year and are well below the 2021 peak of $1,733 per thousand board feet.

What’s causing this?  Higher mortgage rates have slowed the pace of new home sales and remodeling projects.

Most experts believe that lumber prices will fall even further during the remainder of the year.

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

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

The post New Listings May 2022 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.

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.

The post Before You Sell: Affordable Curb Appeal Tips appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.