Larimer Resilience

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To see the resilience of the Front Range market, look no further than Larimer County.

The average price for closed single-family homes in the month of July was $724,000.

This is only the third time in history Larimer County has exceeded $700,000 for average price in a month.

July’s average price is a whopping 12% higher than February’s average price which was $646,000.

A 12% difference in just a few months is significant in any market.

What makes this increase especially significant is that interest rates have been above 6.5% the entire time.

Higher rates did not keep prices from going higher.

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Jobs Bounce

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As the job market goes, so goes the housing market.  This is a fact about any primary housing market.

If employment is growing, the housing market will keep growing.

One of the many positive indicators of the healthy Northern Colorado economy is the fact that the jobs lost during the pandemic have bounced back.

Not only has employment recovered, it now exceeds pre-pandemic levels.

Northern Colorado unemployment is now down to 4.1%.

These facts were reported by our Chief Economist Matthew Gardner during our annual Market Forecast event.

If you would like to see any of the slides from the presentation, please let us know.

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

Jobs Bounce

/in , , , , , /by

As the job market goes, so goes the housing market.  This is a fact about any primary housing market.

If employment is growing, the housing market will keep growing.

One of the many positive indicators of the healthy Northern Colorado economy is the fact that the jobs lost during the pandemic have bounced back.

Not only has employment recovered, it now exceeds pre-pandemic levels.

Northern Colorado unemployment is now down to 4.1%.

These facts were reported by our Chief Economist Matthew Gardner during our annual Market Forecast event.

If you would like to see any of the slides from the presentation, please let us know.

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

Luxury Stats

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The numbers are in.  2022 was another strong year for luxury sales of properties over $1,000,000.Along the whole Front Range in 2022, the number of luxury properties that sold was up 6.28% over 2021.The sold price per square foot was up 5.98% compared last year.Most interestingly, the number of luxury properties that closed this past year compared to 2019 was up by a whopping 133%.Sales of luxury properties is usually a good indicator of the overall health of the market.
The annual Market Forecast featuring Chief Economist Matthew Gardner is February 1st at 5:30pm.  To see the details and to RSVP, visit www.ColoradoForecast.com

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