$700-Plus

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The average price in Larimer County is well over $700,000.

For all closings in April, the numbers came in at $721,000.

People who have lived in Northern Colorado may have a hard time believing that.

The market here has certainly seen significant growth in the last 20 years.

Here is something remarkable about the April numbers.

Of the 300 closings last month in Larimer County, 48 were priced over $1 million and only 16 were under $400,000.

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The Last Decade

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Did you know home values in Larimer County have more than doubled in the last ten years?

Larimer County average prices are up 125% compared to 2014.  Weld County’s are up 134%

Here’s where it gets interesting…

Many people would guess that a significant portion of those gains occurred in the last five years.

However, in Larimer County the last five years of price growth was only slightly higher than the previous five years.

Weld County actually saw more price growth, on a percentage basis, from 2014 to 2019 as compared to 2019 to today.

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

The Last Decade

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Did you know home values in Larimer County have more than doubled in the last ten years?

Larimer County average prices are up 125% compared to 2014.  Weld County’s are up 134%

Here’s where it gets interesting…

Many people would guess that a significant portion of those gains occurred in the last five years.

However, in Larimer County the last five years of price growth was only slightly higher than the previous five years.

Weld County actually saw more price growth, on a percentage basis, from 2014 to 2019 as compared to 2019 to today.

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

Strong Start

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April real estate is off to a strong start in Northern Colorado.

Larimer County sales are up 20% compared to last April. Pending sales are 7% higher.

Weld County sales are up 16% and pendings are up 30%.

This is despite the fact that rates are slightly higher than one year ago.

It looks like a strong spring is in store for NoCo.

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

Strong Start

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April real estate is off to a strong start in Northern Colorado.

Larimer County sales are up 20% compared to last April. Pending sales are 7% higher.

Weld County sales are up 16% and pendings are up 30%.

This is despite the fact that rates are slightly higher than one year ago.

It looks like a strong spring is in store for NoCo.

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

Flipping Out

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Here are some interesting facts from Attom Data’s report on House Flipping.

  • Last year there were just under 309,000 flips of homes or condominiums which represents 8% of all transactions across the U.S.
  • 37% of those were financed transactions and 63% were all cash
  • The average gross profit for a house flip is $63,000

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Staying Steady

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Because mortgage rates have not decreased yet this year, many are wondering what that means for Northern Colorado home sales.

Transaction count is staying relatively steady compared to 2023.

Total sales year to date are down slightly (6%) versus last year.

At this point in 2023, there were a total of 1434 closings in Northern Colorado.  This year there have been 1350 – 84 fewer.

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

Staying Steady

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Because mortgage rates have not decreased yet this year, many are wondering what that means for Northern Colorado home sales.

Transaction count is staying relatively steady compared to 2023.

Total sales year to date are down slightly (6%) versus last year.

At this point in 2023, there were a total of 1434 closings in Northern Colorado.  This year there have been 1350 – 84 fewer.

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

Five by Five

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Here’s a fun fact about the current inventory along the Front Range.

The number of properties for sale is five times as many versus the all-time low in 2022.

And, it is one-fifth as many compared to the all-time high in 2006.

Also, it is half of the long-term average.

So, selection is much higher than the frenzied 2021/2022 market.

However, inventory is still very low relatively speaking.

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

No Omens

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Shakespeare famously wrote, “beware the Ides of March” in reference to March 15th.

However, when it comes to luxury real estate, there doesn’t seem to be any bad news on the horizon.

Instead, properties priced over $1 million are certainly on the upswing.

So far this year, there have been 26% more sales of luxury properties in Larimer County compared to early 2023.

And in Weld County, luxury property sales are up 36%.

Strength in the luxury market is certainly an indicator of the overall confidence in Northern Colorado real estate.

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