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.
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.
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.
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.
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.
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.
New Homes are where it’s at.
By ‘it,’ we mean inventory.
Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale.
Here are the stats…
Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low.
Meanwhile, sales of new homes rose 4.4%. This increase was much more than most analysts expected.
New Homes are where it is at.
The post Where It’s At appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
New Homes are where it’s at.
By ‘it,’ we mean inventory.
Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale.
Here are the stats…
Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low.
Meanwhile, sales of new homes rose 4.4%. This increase was much more than most analysts expected.
New Homes are where it is at.
The post Where It’s At appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles.
Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment cycles in 2021, 2019 and 2017.
The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.
The post Protesting! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles.
Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment cycles in 2021, 2019 and 2017.
The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.
The post Protesting! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
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