Beautiful Townhome in Fort Collins!

Beautiful townhome at 4500 Seneca St #36 in west Fort Collins! Open main level with 2 story ceilings in the living room opens to your updated kitchen with plenty of space. 2 bedrooms upstairs, along with a finished basement offering even more living space. Relax by your fireplace in the living room or spend time on your private front porch. Come take a look today! Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111770980

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Completely Remodeled Home in Fort Collins!

Location, Location, Location! This home at 631 Marigold Lane is ideally located in North West Fort Collins close to shopping, restaurants, and Front Range Community College. Upgrades abound throughout this completely remodeled home! The kitchen boasts brand new Cabinets, Quartz Countertops, and brand new high-end appliances. Solid wood flooring throughout the main level. The Master Bedroom has brand new carpeting and has been completely renovated from floor to ceiling. Some of those upgrades are custom tile work, cabinets, heated floors, and Quartz countertops. There are too many upgrades to mention. All appliances are included as well. Must see in person! Contact Alexis Foster at (970) 310-6999 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111641907

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Housing Math

It’s interesting to look at what population growth means for housing.

 

On average, along the Front Range, 2.5 people live in each housing unit.

 

What that means is 4 housing units are needed for every 10 people who live here.

 

So, for every 1000 new people moving to our area, 400 new housing units are required.

 

The population of Metro Denver is just under 3,000,000 and the population of Northern Colorado is just over 650,000.

 

Assuming the Front Range grows in population at 2% per year, that means 60,000 new people in Metro Denver and 13,000 new people in Northern Colorado each year.

 

To house those people, 24,000 new housing units need to be built per year in Metro Denver and 5,200 in Northern Colorado.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed

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Charming Ranch Style Home in Berthoud!

Qualifies for USDA loan! Desirable brick ranch with 3 bedrooms / 2 baths. Located at 1207 Cedar Drive, in Berthoud on a very low traffic/quiet street with a huge center grass median and mature landscaping. Feels super fresh inside with the newer laminate floors, carpet, and interior paint. Half a block walk to Berthoud Elementary and very close to downtown Berthoud. Inviting sunroom with built-in storage leads to backyard with a dog run. No HOA with room to park the RV or trailer, 3 off-street parking spaces. 15 min to Downtown Loveland – great location. Contact Meagan Griesel at (970) 691-0056 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111553414

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More Homes Needed

The market is in short supply.

 

More homes are needed to fulfill the need to buyer demand.

 

Compared to exactly one year ago, the supply of homes is down:

  • 32.6% in Metro Denver
  • 25.1% in Northern Colorado

An interesting and useful measurement we track is months of inventory.  This stat tells how long it would take to sell all of the homes currently for sale at the current pace of sales.

Of course, months of supply can vary greatly by price range and location.  However, this stat does a good job of explaining the overall state of the market.

Specifically, months of supply tells us if the market is in balance.

A ‘balanced’ market is when there is 4 to 6 months of supply.  A buyers market occurs when the stat is higher than this range.  A sellers market occurs when it is lower.

The months of supply looks like this in our market:

  • 1.0 months in Metro Denver
  • 1.3 months in Northern Colorado

So, the market overall is significantly under-supplied and more homes are needed to meet demand.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

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Charming Ranch Style Home in Fort Collins!

Sprawling 5-bedroom ranch-style home at 308 Park Place Drive in Fort Collins on a large lot with no HOA! Your new home in south Fort Collins presents a main level with all featured bedrooms, two baths, kitchen and separate dining and living room with wood-burning fireplace. The mostly finished basement boasts a rec room with a second fireplace, flex space, and lots of storage. Whether you enjoy the home with its vintage finishes – or update to your own taste – this gem has so much potential as it is, and as it can be. Large back yard and covered patio for relaxing or entertaining. Brand new furnace, AC, and roof! A great home, in a great location at a great value! Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111272697

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Land Opportunity in Loveland!

Great opportunity to own a piece of land near Carter Lake at 3304 Cactus Court in Loveland. Nice side view of the lake just waiting for you to build your dream home. No utilities currently, but they are close and could easily be brought to the property. Zoned Tourism, which means there are many opportunities on this land. Very close to the marina (1-2 min drive) and the Windjammer Bar & Grill. Contact Greg Rittner at (970) 682-3050 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111294734

 

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Land Opportunity in Loveland!

Great opportunity to own a piece of land near Carter Lake at 3304 Cactus Court in Loveland. Nice side view of the lake just waiting for you to build your dream home. No utilities currently, but they are close and could easily be brought to the property. Zoned Tourism, which means there are many opportunities on this land. Very close to the marina (1-2 min drive) and the Windjammer Bar & Grill. Contact Greg Rittner at (970) 682-3050 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111294734

 

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Beautiful Two-Story in Longmont!

Must See!! This home at 2610 Falcon Drive in Longmont is in the desired Westlake Manors neighborhood. Walking distance to McIntosh Lake. This home boasts a newly renovated master bath with walk-in double spa shower and a walk-in closet. Outside access from master bedroom. Immaculately kept outdoor living area with green belt behind the home. Corner lot. Contact Dana Myers at (970) 381-2257 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111052029

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Caught Up

We’ve been waiting for June to catch up.  It finally happened (almost).

 

Back in April, real estate activity was significantly limited and the showing of property was restricted which caused the number of closed properties in May and early June to be much lower than last year.

 

Bottom line, fewer properties going under contract in April caused fewer closings 30 to 45 days later.

 

Closed properties in May were down compared to 2019 by 44% in Northern Colorado and 43% in Metro Denver.

 

Then activity jumped significantly in May.  The number of properties going under contract was way up compared to last year.

 

We’ve been wondering when we would see this sales activity reflected in the number of closed properties.

 

Well, it finally happened (almost).

 

The number of closings so far in June compared to the same time period through June of 2019 is only down 1.8% in Northern Colorado and 1.6% in Metro Denver.

 

In both markets, there are only a handful of closings separating activity in June 2020 versus June 2019.

 

By the end of the month, when all the transactions are tallied up, we expect that June of this year will out pace June of last year in terms of number of transactions.

 

This is significant not only because of COVID-19, but also because of the reduced inventory compared to last year.  Quite simply, there are fewer homes to buy.

 

All of this speaks to the health and resiliency of the Front Range market.

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed

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