Increasing Reductions

More and more sellers are having to reduce their listing price.

Nationally, 37% of all home sellers have recently had a listing price reduction. This is according to a recent report from Altos Research.

This is up from 30% in May and is now at the second-highest level since 2018. The highest it has been in the last five years is November 2022 when it stood at 41%.

A “normal” range is between 25% and 30%. Today’s number is a result of softening demand based on higher interest rates.

Proper pricing is always important for a seller and is especially so now as we enter a typically slower time of the year with added challenges related to interest rates.

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New Listings September 2023

Welcome to 15772 Olmsted Place. This open-concept 2-story home is located on a cul de sac and has easy access to the neighborhood schools, parks, the Montbello Recreation Center, the Green River Ranch Recreation Center, and the Denver Bike Trail. It’s also a quick trip to DIA. With 4 bedrooms and 4 baths, there is plenty of room to enjoy. The eat-in kitchen has quartz countertops, and a central island, flowing easily into the vaulted living room. Recent updates to the home include newly refinished hardwood floors, new carpeting throughout, and new high-efficiency tinted windows on the main level and second floor. A smart sprinkler system allows for easy maintenance of the fully fenced yard. Call (970) 215-1013 to schedule a private tour or click here for more information.

Maria Dellota | MLS# 995473

Welcome home to 4337 Kingsbury Drive, a spacious updated two story home in Golden Meadows! This home features updates including almost all new windows, remodeled master bath, updated kitchen, and new light fixtures. Tall ceilings, an open floorplan, and TONS of natural light make this a home you won’t want to miss. Enjoy the backyard with fruit trees and berry bushes from the large deck on a lot that is over a quarter acre. Come see this home today! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 995837

Check out 1572 Sepia Avenue, a beautiful end unit townhome at Sienna Park! The open floor plan on the main level is great for entertaining and the extra windows let in lots of natural light. The kitchen features plenty of counter space with an island and a pantry for extra storage. Upstairs, you’ll find 3 large bedrooms, the primary and 2 additional large rooms. The primary bedroom features its own attached bathroom with shower and tub, and a large closet for storage. The laundry room is also conveniently located on the 2nd floor, across from the other full bathroom. An attached 2 car garage means you won’t have to fight for parking or clean snow off your car! Call (719) 310-9336 to schedule a private tour or click here for more information.

Anali Roath | MLS# 995968

Discover the perfect blend of elegance and natural beauty at 5332 Castle Pines Ct in Southridge Greens! This impeccable home boasts a recently upgraded kitchen with quartz countertops, stainless steel appliances, custom cabinetry, and a center island for meal preparation and casual dining. The lush, mature landscaping provides privacy and a serene backdrop for outdoor gatherings on the newly rebuilt and extended deck. The majority of the windows and the glass sliding door have been replaced with the Pella fiberglass windows and door, letting natural light flow through the home. Enjoy the comfort of the spacious primary suite with vaulted ceilings. The basement is finished perfectly for a theatre setup allowing guests to spread out throughout the home. Located in a sought-after neighborhood with easy access to amenities, dining, parks, and schools, this home offers a rare opportunity for luxurious living in a golf course community. Don’t miss out! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 995782

85 Chipmunk Place consists of 2 acres of land surrounded by amazing 360 views and wildlife! This level lot is ready for your dream home. Located between Estes Park and Loveland. Road is maintained with snow removal and grading throughout the year. Electric and phone located at the road. Seller would like to include the RV in the sale of the property. Call (970) 690-5707 to schedule a private tour or click here for more information.

Jared Foster | MLS# 995563

Don’t miss out on 183 Kitty Hawk Ct, a beautiful ranch style home with finished basement on a cul-de-sac in the desirable Water Valley subdivision. This lovely home features 3 bedrooms and a study/4th bedroom on the main level. The open floorplan has a nicely appointed kitchen which looks out onto the living room and dining area which is perfect for entertaining. The large master bedroom has a 5 piece bath and a walk-in closet that also opens up to the laundry room. The finished basement includes 2 additional large bedrooms and a fantastic workshop area with painted concrete floor where you can do your projects. It could easily be turned into a secondary rec room or home theater. Enjoy the serene backyard from the covered back patio and look at the beautiful landscaping. The home has been newly painted, radon system installed last month, roof replaced in 2019, and has been pre-inspected. This home is move in ready so schedule your showing today! Call (970) 646-3035 to schedule a private tour or click here for more information.

Aaron Pearson | MLS# 995684

Tucked away in a quiet cul-de-sac in the heart of Windsor, you will find this rare opportunity to own a home in NOCO for under 400k! As you step inside, you’ll be captivated by the spacious living area and updated kitchen. This well-kept RANCH offers multiple areas for entertaining- a living room and family room. The screened in porch faces the backyard complete with MATURE LANDSCAPING, Raised garden beds, a dog run, and 2 storage sheds. The location couldn’t be better! This home is just minutes from local schools, downtown Windsor, shopping, and a block from the neighborhood park. 551 Sycamore Dr is a true gem. Don’t let this opportunity pass you by! Call (970) 396-7233 to schedule a private tour or click here for more information.

Elizabeth Dolton | MLS# 996252

Welcome to 2724 Worthington Ave, a charming 3 bedroom and 3 bathroom ranch style home nestled in Mid Town. Enjoy sitting next to the wood burning fireplace in the winter or relaxing in the finished basement with wet bar on a hot summer night. Situated on approximately 1/3 acre lot, this property boasts ample space for outdoor activities and entertainment. The expansive yard provides endless possibilities for gardening, hosting gatherings, or simply reveling in a little elbow room. There are 2 sheds in the backyard offering additional storage space for tools, equipment, or recreational items. These sheds are perfect for those who enjoy pursuing hobbies or need extra room for storing belongings. The roof was replaced in 2018 and the furnace and air conditioner were replaced in 2017. There is NO HOA OR METRO TAX. Don’t miss your chance to make this lovely property your own! Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 996218

Welcome to Harmony Reservoir, conveniently located within the Landings. From the exquisite finishes to the expansive views, this lakefront home at 4246 Southshore Court is sure to impress. The gourmet kitchen is a chef’s dream with built-in appliance garages, a six-burner industrial stove, and ample room to prep and entertain. Step outside to your private oasis on Harmony Pond. With 3 separate patios and an in-ground firepit, outdoor living is at your fingertips. All four seasons offer beautiful views and the exclusivity of a private lake in mid-town Fort Collins… close enough to everything yet the feeling of being away from it all while at home. The primary bedroom offers private and unobstructed lake views, with a spa-like bathroom and elegant closet. Abundant light shines in the basement with an open concept design, rec area, and private guest suite. As a resident of Harmony Pond, you have the benefit of lake surface rights including: paddle boarding, canoeing, swimming and pontoon boats with wakeless motors. All four seasons are enjoyed with the festivities of winter, wildlife sightings in spring, summertime on the water, and the vibrant colors in the fall. Harmony Pond is an incredible treasure in our community. Call (970) 581-5358 to schedule a private tour or click here for more information.

Tiffany Burns | MLS# 996181

Oasis in the middle of the city – welcome to 3598 Moore Court located in the popular Applewood Estates. Enjoy the park-like setting of .33 acres of fully fenced property filled with mature trees. This wonderful ranch features 4 bedrooms and multiple outdoor spaces to enjoy including an extended covered porch, sunroom, patio, and lovely pergola-covered space. The family room has brand-new floors. A detached studio space can be used as an office. There is so much to enjoy in this great home. Call (970) 215-1013 to schedule a private tour or click here for more information. 

Maria Dellota | MLS# 996382

Welcome to 247 Castle Drive, where sophistication blends seamlessly with practicality! This impressive 2 story home showcases newly finished floors on the main level, highlighting stylish LVP flooring that combines aesthetics with durability. The kitchen features stainless steel appliances, upgraded cabinets, and a large island, perfect for entertaining in the open concept floor plan. Boasting a 3-car garage, this property provides abundant space for all your parking and storage needs. Step outside to the inviting covered deck and stamped concrete patio ideal for year-round enjoyment. Inside, you’ll discover a versatile loft space and a separate office, perfectly suited for remote work or creative endeavors. With 4 generously sized bedrooms and 3 contemporary bathrooms, this home effortlessly harmonizes comfort and convenience, making it the ultimate place to call home. Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 996498

Welcome to 2696 Empire Avenue – your dream golf course home in beautiful Loveland! From the moment you step inside, you’ll be captivated by the stunning views of the Cattail Creek Golf Course’s Ponds and 2nd tee from your backyard. This immaculate ranch-style home offers an open concept kitchen with custom cabinetry, Petrified Brazilian River granite countertops, and all new Anderson Windows and patio doors on the main level. You’ll also appreciate brand new wood flooring and carpeting throughout this 4 bedroom, 4 bath abode. The Main Floor Primary Suite includes a Walk-in-closet plus a 5-piece master bath. Enjoy a brand-new AC and furnace for ultimate comfort year-round! And when winter comes, embrace the snowy landscape by sledding and cross-county skiing right in your own backyard. It’s the perfect way to make the most of the season. Take advantage of all that Loveland has to offer – stroll to Benson Sculpture Park or Lake Loveland; watch fireworks from your own backyard – it’s all here waiting for you! Don’t miss out on this incredible opportunity: schedule a showing today! Seller is offering an additional $10,000 towards a rate buy down with any full price offer with an additional preferred lender incentive of 1% of the loan amount up to $6,000! Call (970) 310-6999 to schedule a private tour or click here for more information.

Alexis Foster | MLS# 996578

Nestled in the serene landscape between Elizabeth and Kiowa, 34115 Goldenrod Circle is a manufactured home on a permanent foundation that offers rustic charm and modern comfort. This 1.8 acre horse property and 1758 square foot, 4 bedroom, 2 bathroom home creates a haven of relaxation and entertainment. The wood burning stove provides an additional economic heating source for those chilly Colorado mornings. The primary suite offers an ensuite bathroom, while the additional 3 bedrooms provide cozy retreats for family and guests. The deck extends the living space outdoors, offering an ideal spot for relaxation against the backdrop of rolling hills and endless skies. This property offers not only a home but a lifestyle. Experience small-town charm while being conveniently close to the amenities of Denver. This home is an opportunity to embrace the tranquility and beauty of Colorado. There are a variety of lending options available on this home including; USDA, FHA, VA, Conventional, and Cash. Call (970) 430-9630 to schedule a private tour or click here for more information.

Katie Robinson | MLS# 996687

2207 Suffolk Street is a move in Ready 4 bed, 2 bath Home in Brown Farm. The back yard is perfect for outdoor living and entertaining! Mature landscaping and raised garden beds create an oasis for gardeners and the large deck overlooking all of that is a great spot to relax and bbq. Inside there are separate living/rec areas upstairs and in the lower level. The kitchen has plenty of cabinet and counter space for those that enjoy cooking. The Oversized Garage has epoxy flooring with extra room for storage and a work area. Other features include new carpet downstairs, A/C, whole house fan and a fireplace. Call (970) 215-1573 to schedule a private tour or click here for more information.

Brandon Bidwell | MLS# 996656

Don’t miss this great opportunity in the popular Sunnyside neighborhood. 4017 Vallejo Street has lots of potential and would be a great fix-n-flip for someone who is willing to put in some sweat equity and make their own. Located near tons of amenities such as restaurants, breweries, shopping, and bike trails. This home has a newer roof, vinyl windows, and hot water heater. This home is being sold in “As is”. The seller works from home and needs 2 hours’ notice for showings. Call (970) 420-4498 to schedule a private tour. 

Lindsey Crisanti | MLS# 997093

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

Jump to Three

The most notable change in the market, in terms of a specific statistic, is months of inventory.

This statistic measures how long it would take to sell all of the current inventory at the current pace of sales.

Months of inventory has jumped to three along the Front Range.

One year ago, it was two months. Two years ago, it was three weeks.

The jump is a result of decreased demand driven by higher interest rates combined with slightly increasing inventory.

We expect months of inventory to continue to increase and imagine it could be at four months by this winter.

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

Jump to Three

The most notable change in the market, in terms of a specific statistic, is months of inventory.

This statistic measures how long it would take to sell all of the current inventory at the current pace of sales.

Months of inventory has jumped to three along the Front Range.

One year ago, it was two months. Two years ago, it was three weeks.

The jump is a result of decreased demand driven by higher interest rates combined with slightly increasing inventory.

We expect months of inventory to continue to increase and imagine it could be at four months by this winter.

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

Double, Half, Fifth

Today’s inventory of residential properties along the Front Range is…

Double what it was in 2021 (the all-time low)

Half of the long-term average (going back to 1985)

One-fifth of what it was in 2006 (the all-time high)

The post Double, Half, Fifth appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

$44 Trillion

Have you ever wondered how much all of the residential real estate in the U.S. is worth?

It’s $44.5 trillion.

That’s 44 with 12 zeroes after it.

This data comes from the Federal Reserve’s Quarterly “Z.1” report.

The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one year ago.

In total, liabilities on residential properties (mortgages, equity loans, etc.) is $12.9 trillion.

So, collectively, residential property owners in the U.S. have a 71% equity share and owe 29% of the value.

The post $44 Trillion appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

$44 Trillion

Have you ever wondered how much all of the residential real estate in the U.S. is worth?

It’s $44.5 trillion.

That’s 44 with 12 zeroes after it.

This data comes from the Federal Reserve’s Quarterly “Z.1” report.

The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one year ago.

In total, liabilities on residential properties (mortgages, equity loans, etc.) is $12.9 trillion.

So, collectively, residential property owners in the U.S. have a 71% equity share and owe 29% of the value.

The post $44 Trillion appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Tailgate Time!

Today’s fun fact is that today is our annual Tailgate Party to benefit the Windermere Foundation.

You are invited!  Feel free to stop by our Fort Collins office located at 255 E. Monroe Drive right by Trader Joe’s.

All of the fun will be set up outside of our office.

We have food, drinks, music, and activities for kids including bouncy houses and a face painter.

We will have a raffle of amazing gifts with all proceeds going to our very own Windermere Foundation.

This party is a Fall tradition for us and we love the chance to connect with our clients while benefiting a worthy cause.

You can see all the details plus RSVP HERE.

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

Tailgate Time!

Today’s fun fact is that today is our annual Tailgate Party to benefit the Windermere Foundation.

You are invited!  Feel free to stop by our Fort Collins office located at 255 E. Monroe Drive right by Trader Joe’s.

All of the fun will be set up outside of our office.

We have food, drinks, music, and activities for kids including bouncy houses and a face painter.

We will have a raffle of amazing gifts with all proceeds going to our very own Windermere Foundation.

This party is a Fall tradition for us and we love the chance to connect with our clients while benefiting a worthy cause.

You can see all the details plus RSVP HERE.

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

Ups and Downs

Here is a look at how the market performed in August versus August 2022

 

Prices:

Larimer County Up 4%

Weld County Up 8%

Metro Denver Up 6%

 

Transactions:

Larimer County Down 18%

Weld County Down 31%

Metro Denver Down 15%

 

Inventory:

Larimer County Up 18%

Weld County No Change

Metro Denver Down 4%

The post Ups and Downs appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.