More Normal Range

/in , , , , /by

The length of time that it takes for a property to sell is settling into a more normal range.

“Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold.

Today measurement stands at 72 days in Larimer County and 74 days in Weld County.

From January 2021 to November 2022, Days on Market never went above 60. This time period was defined by incredibly high demand and drastically low supply.

The time frame of January 2018 to December 2020, which was more ‘normal,’ had Days on Market between 60 and 90 days.

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

Out of the Gates

/in , , , , , /by

How is the year starting? All of us in the real estate industry are especially curious to see how 2024 is starting off after the first slow real estate year in a long time.

Rates have settled down and are trending down.

Prices have shown resilience and continue to go up.

But, how about transactions? Are they picking up after a year that saw an 18% decline in the number of closed residential properties?

It turns out the year is starting off strong but not unusually strong.

Pending transactions are up in Larimer County 7% year over year and up 3% in Weld County.

So, we are already seeing signs that 2024 will be a year of growth compared to last year.

The post Out of the Gates appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

No Drop

/in , , , , /by

The numbers are in and it turns out that not even 8% rates could make prices drop in 2023.

When mortgage rates jumped this last year, many people believed that home values would fall as a result.

The fact that prices stayed flat in 2023 even though interest rates doubled between March 2022 and October 2023, shows that values along the Front Range are incredibly resilient.

Here are the 2023 average prices along the Front Range and their change compared to 2022:

Larimer County:  $621,538 / 1%

Weld County:  $527,600 / 1%

Metro Denver:  $679,710 / 0%

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

No Drop

/in , , , , /by

The numbers are in and it turns out that not even 8% rates could make prices drop in 2023.

When mortgage rates jumped this last year, many people believed that home values would fall as a result.

The fact that prices stayed flat in 2023 even though interest rates doubled between March 2022 and October 2023, shows that values along the Front Range are incredibly resilient.

Here are the 2023 average prices along the Front Range and their change compared to 2022:

Larimer County:  $621,538 / 1%

Weld County:  $527,600 / 1%

Metro Denver:  $679,710 / 0%

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

New Listings December 2023

/in , , /by

Welcome to 3348 Green Lake Dr #2! This 2-story townhome is situated on the north east side of Fort Collins, conveniently located near I-25 and less than 15 minutes to Old Town, grocery shopping, and entertainment. Built in 2019, this home still feels new! Large south facing windows in the living room allow the Colorado sunshine to brighten your home all day. On the main floor you’ll find an open concept with a living room, dining area, and kitchen that features stainless steel appliances, grey granite counters, grey tile backsplash, and white cabinets. A powder bath and closet for storage finish out the space. Upstairs are the 3 bedrooms, 2 spare and one primary. One of the spare bedrooms features luxury vinyl plank flooring and the other two are carpeted. There is a 3/4 bathroom in the primary bedroom which features a large walk-in shower and dual vanity with lots of cabinet space for storage. A walk-in closet in the primary bedroom offers lots of space for storage and clothes. The community includes a playground and small bike track and isn’t far from the Poudre Trail or the Poudre Whitewater Park. The seller is offering $7,500 for a buyer to use for a rate buy-down or help with closing costs. Call (719) 310-9336 to schedule a private tour or click here for more information.

Anali Roath | MLS# 1000205

Welcome home for the holidays! Nestled in the heart of festive cheer, 7072 Sumner Street is an enchanting residence ready to make your Christmas dreams come true. Step into a winter wonderland where chestnuts roasting on an open fire evoke warmth & comfort in the cozy living room, complete with custom built-ins surrounding the gas fireplace. As you explore the home, you’ll discover a kitchen that’s decked with boughs of holly with it’s elegant alder cabinetry, gas range, granite countertops throughout & spacious corner pantry; perfect for creating holiday feasts & sweet memories. The dining area beckons with a promise of visions of sugarplums dancing as you enjoy meals with loved ones. The bedrooms are adorned with silver bells of sophistication & comfort, providing a serene retreat for a good night’s rest. A primary suite that whispers let it snow awaits, featuring a luxurious bath, walk-in closet & ample space to unwind after a day of holiday merriment. Baby it’s cold outside, but your guests can stay over & enjoy the magic of the season with a private ensuite bathroom; a sanctuary that ensures comfort & privacy. Santa’s welcome here too, with a HUGE 758 sq ft garage, long enough (29.8 ft) to accommodate his sleigh & the reindeer! Or, he could take advantage of the enclosed pet run on the south side of the spacious 0.26 acre lot! Up on the rooftop you’ll find high impact Cat 4 shingles & energy efficient solar panels allowing you to harness the power of the sun to illuminate your holiday festivities & enjoy the spirit of sustainable living throughout the year. This home is not just a dwelling; it’s a haven where joy to the world echoes through every room. Don’t miss the chance to make this holiday retreat your very own. Schedule a visit and experience the magic of Christmas every day in your new home! Call (970) 215-6768 to schedule a private tour or click here for more information.

Reba Tipton | MLS# 1000795

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

Price Plummet

/in , , , , /by

For anyone waiting for home prices to drop before making a buying decision, there is good news.

The recent plummet in mortgage rates means that home prices, effectively, just took a big dip.

Rates have gone down by 1% in the last 45 days which means that a prospective home buyer’s payment is 10% less today than what it would have been at the end of October.

For example, the Principal and Interest payment for a $500,000 loan is $341 less today than what it was 45 days ago.

So, from a buyer’s perspective, prices have gone down by 10% in a very short time.

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

Price Plummet

/in , , , , /by

For anyone waiting for home prices to drop before making a buying decision, there is good news.

The recent plummet in mortgage rates means that home prices, effectively, just took a big dip.

Rates have gone down by 1% in the last 45 days which means that a prospective home buyer’s payment is 10% less today than what it would have been at the end of October.

For example, the Principal and Interest payment for a $500,000 loan is $341 less today than what it was 45 days ago.

So, from a buyer’s perspective, prices have gone down by 10% in a very short time.

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

Inventory in Perspective

/in , , , , , , /by

A significant dynamic in the Front Range market is the relatively low inventory. This is the main reason why prices are stable despite higher rates.

Here is some perspective on the inventory of homes for sale to help give some context.

Today’s inventory is:

  • Half of the long-term average going back 30 years
  • ¼ of the all-time high in 2006
  • 3 times the all-time low of 2021

The post Inventory in Perspective appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Most Surprising News

/in , , , , , /by

The most surprising piece of news for our friends and clients is that prices are essentially flat compared to last year.  People find that surprising given what interest rates have done over the last 18 months.  They wonder, how could prices not fall significantly after interest rates jumped considerably? 

The answer is the fundamental economic lesson of supply and demand.

There is enough demand in the market for the current supply to keep prices stable even in an environment of higher rates.

Now that rates are (finally) trending down, it gives us even more confidence about the continued growth of real estate prices along the Front Range.

Here is a look at how home prices compare to one year ago:

Larimer County = Down 0.8%

Weld County = Up 3.4%

Metro Denver = Up 0.8%

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

New Listings November 2023

/in , , /by

Welcome to 344 Tigercat Way, a stunning, immaculately cared for 3-bed, 3-bath townhome with a main floor study. The front of this home faces open space and the future 20-acre city park. Enter this home into soaring vaulted beauty with windows flooding the living space with natural light. The large living room flows into the dining area that opens to the kitchen with lovely brick accents, extensive granite counters, stainless steel appliances, gas range, roomy island, and a large dedicated pantry. The main floor also offers significant closet space and a mud room/drop zone off the 2-car garage. The upper level offers 3 generously sized bedrooms, 2 large bathrooms and conveniently placed laundry. The unfinished basement and crawl space allow additional storage, exercise room and/or the opportunity to finish as you see fit. A 4th bath can be added at the existing rough-in. Enjoy evenings on the gorgeous patio just outside the dining area for easy entertaining. Mosaic offers two swimming pools, a hot tub, walking trails, acres of open space, and soon will offer a beautiful 20-acre park. Mosaic is ideally situated 5 minutes to Old Town, Shopping, dining, Brewery Row, the extensive Poudre Trail, and convenient I-25 access. NO METRO TAX. Call (970) 430-9630 to schedule a private tour or click here for more information.

Katie Robinson | MLS# 999072

2131 Steele Street is a gardener’s Dream House! Come see the opportunity that awaits your green thumb. Many fruit trees; apple, peach, plum plus raspberries and blackberry bushes abound in this large backyard with garden beds and a green house! This beautiful 3 bedroom/2 bathroom home in the desirable Meadowlark subdivision located in Northwest Longmont has so much going for it. Bamboo flooring, updated kitchen cabinets, countertops and sink add to the charm. The bi-level design offers two separate living areas with lots of natural light. Downstairs family room has fireplace. Garage has space to work. Additional Inclusions are: Sail Shade over back deck, Electric Lawn Mower, Chest Freezer in garage, Greenhouse and outdoor table on deck. This location is walking distance to Garden Acres Park and McIntosh Lake, as well as an easy commute to Boulder and Lyons. No HOA! NEW ROOF scheduled to be installed week of November 6th. Call (970) 430-9630 to schedule a private tour or click here for more information. 

Katie Robinson | MLS# 999198

Discover 175 Halibut Drive, an exquisite ranch style home in Water Valley South showcasing 3 bedrooms and 3 bathrooms. This home has been updated throughout and will not disappoint. The main level includes a separate office with double doors ideal for remote work or personal projects. The living room is adorned with a charming fireplace, creating a warm and cozy ambiance perfect for intimate gatherings. The finished basement includes a wet bar and offers the perfect space to spread out or gather to watch an exciting sporting event. The outdoor living area boasts mature perennial landscaping that envelops the meticulously maintained exterior, creating a serene and inviting atmosphere. For the golf enthusiast, the oversized 2-car garage is uniquely designed to accommodate a golf cart or provide extra space for work benches. Situated in a coveted community offering access to pristine lakes, parks, and world-class golf courses, this home truly epitomizes the essence of luxurious, year-round resort-style living. Call (970) 401-0123 to schedule a private tour or click here for more information.

Rondi duPont | MLS# 999345

4502 Espirit Drive is a beautiful home on a permanent foundation in the Sunflower active adult community with great updates! Truly move-in ready, this home features fresh interior paint throughout and new LVP in the living area and new carpet in the bedrooms & office. You will love the large kitchen with newer stainless steel appliances and updated cabinets. The primary bedroom is spacious with dual walk-in closets. Work comfortably in the roomy private office/den. Enjoy time outside on the private patio off the primary bedroom and a gate leading to the open space near the clubhouse. Call (970) 646-3035 or (970) 889-3796 to schedule a private tour or click here for more information.

Aaron Pearson & Caleb Cheshier | MLS# 999278

1802 Deep Woods Lane features a wonderful livable floorplan, with vaulted ceilings and open spaces. Enjoy the spacious kitchen with a gas range, upgraded cabinetry, and warm colors. 3 bedrooms on the upper level, with a large primary bedroom and granite counters in the primary bathroom. There is a 4th guest suite with lots of light, perfect for an office or additional bedroom. Unfinished basement space for storage. Inviting backyard and deck for entertaining. This home is open, filled with light, and ready for you! Currently leased at $2650 through July 2024, ask listing agent for details. Call (970) 673-7285 to schedule a private tour.

Paul Hunter | MLS# 999437

1036 Ponderosa Drive is a West Fort Collins home on a great lot with updates! Close to the CSU campus, bus lines, grocery shopping, and Horsetooth reservoir and all that has to offer! Ranch style plan with some updated features in the kitchen and baths, and a great backyard. 2 car garage, and a really great floorplan make this a great rental property or home to live in. Currently leased for $2500 per month through July of 2024, contact listing agent for details! Call (970) 673-7285 to schedule a private tour or click here for more information.

Paul Hunter | MLS# 999552

2793 Vallecito Street is a meticulously cared for home, in an ideal location, with minimal maintenance could be yours by the New Year! Located near the water’s edge, this home offers a spacious and open floor plan with ample room for entertaining. The main floor features a beautiful kitchen with abundant natural light. The primary suite has oversized vaulted ceilings, and an expansive bath that opens into the laundry room. Guests can enjoy their own private quarters with a spacious bedroom and full bath, separate from the primary bedroom. The basement has an additional bedroom and bath, a rec room, and an enormous storage room perfect for additional items or could be tastefully finished out for additional living space. From the privacy offered on the patio, to the elegant main floor design, this home offers peace and tranquility year-round. To schedule a private tour, call (970) 581-5358 or click here for more information. 

Tiffany Burns | MLS# 999675

1004 35th Avenue is an adorable updated 2 bed 1 bath cottage with Commercial Low zoning. This home has potential as a primary residence with or without small scale commercial activity. The home experienced a remodel in 2019 which included updates in the bathroom, the kitchen cabinets with quartz countertops, tiled floor, stainless steel appliances and a subway tile backsplash, as well as the roof, windows, interior paint, doors, hardware, refinished wood flooring and fixtures. The lot features a large, paved parking area with alley access. So many possibilities….don’t wait on this one! Call (970) 396-6964 to schedule a private tour or click here for more information.

Shari Moran | MLS# 1000030

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