The average price of all active listings is likely much higher than you think.
For example, the average listing price of the nearly 5000 properties for sale in Metro Denver is nearly $1,000,000.
Here is the average price of all active listings along the Front Range:
Larimer County: $886,000
Weld County: $736,000
Metro Denver: $939,000
The post High Active appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
The average price of all active listings is likely much higher than you think.
For example, the average listing price of the nearly 5000 properties for sale in Metro Denver is nearly $1,000,000.
Here is the average price of all active listings along the Front Range:
Larimer County: $886,000
Weld County: $736,000
Metro Denver: $939,000
The post High Active appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
Despite higher interest rates, prices did not decrease like many people thought. They certainly have not crashed like many thought.
Average prices along the Front Range have seen only a slight decrease versus last year.
The average price in May this year has decreased versus May of last year by:
2.5% in Larimer County
3.2% in Weld County
2.8% in Metro Denver
When we take a closer look, what is apparent is that average prices have decreased based on the type of properties that are selling versus last year.
Specifically, there were more $1,000,000 – plus homes selling a year ago versus today. Those higher-end transactions in 2022 increased the average price.
In May of 2023, $1,000,000- plus transactions decreased versus May of 2022 by:
33% in Larimer County
29% in Weld County
35% in Metro Denver
So, we don’t see that prices have gone down. We see that average price has slightly decreased because they aren’t as many luxury sales pulling up the average.
The post Not What Many Thought appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate.
According to the National Association of Realtors, the average price of a home in the United States is $486,000.
Compare that to the average price in our major markets:
This means prices along the Front Range are 10% to 38% higher than the National Average.
While interesting, this is not surprising given our employment growth, economic health, and quality of life in our markets versus the Nation as a whole.
The post In Demand appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
For evidence that the Front Range is a desirable place to live and own real estate, look no further than the average price of our real estate.
According to the National Association of Realtors, the average price of a home in the United States is $486,000.
Compare that to the average price in our major markets:
This means prices along the Front Range are 10% to 38% higher than the National Average.
While interesting, this is not surprising given our employment growth, economic health, and quality of life in our markets versus the Nation as a whole.
The post In Demand appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
“The middle class is going away” is an often-used adage when talking about society.
It is also a good way to describe today’s real estate market. When it comes to properties for sale, the middle class has gone away.
There is a class of listings which are priced to the market, in great condition, with world-class marketing.
Then, there are those that are overpriced, not in good condition, with sub-par marketing.
Properties in the first class are selling quickly, sometimes with multiple offers and sometimes even over list price.
Properties in the second class are sitting on the market.
Sellers, who want a successful result, must be in the first class.
Buyers, who want a bargain or who want to ‘wheel and deal,’ can typically only find those opportunities in the second class.
Here’s the thing. Rising interest rates have caused buyers to be more picky. Yet, low inventory has caused competition for the best properties.
Both sellers and buyers need to know there is no middle class when it comes to listings.
The post No Middle Class appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
Altos Research is one of the most trusted sources of real estate market information in the United States. Each week they track every single home for sale across the Country. They analyze the pricing, supply, demand, and status changes for all listings. This amount of data allows them to expertly predict changes in the market.
Their founder, Mike Simonsen, recently said this about the current state of the real estate market:
“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place. If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.
“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”
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
The post No Bear appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
Altos Research is one of the most trusted sources of real estate market information in the United States. Each week they track every single home for sale across the Country. They analyze the pricing, supply, demand, and status changes for all listings. This amount of data allows them to expertly predict changes in the market.
Their founder, Mike Simonsen, recently said this about the current state of the real estate market:
“The most important thing to take away is that the most bearish scenarios for home prices this year are not taking place. If a buyer is sitting on the sidelines waiting for a home price crash, in general across the country that’s not happening.
“We can measure demand and the direction of future sales prices by looking at the percent of homes on the market with price reductions. This number, frankly, is lower than I would have expected given how few buyers were out in the fall. This a sign that sellers are not panicking and that smart, properly priced listings are getting their offers.”
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
The post No Bear appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
There are four key questions that our clients have right now:
1. What will values do this year and is there any chance of a housing bubble?
2. When will mortgage rates drop below 6%?
3. Will inflation subside this year?
4. Is now a good time to buy or sell?
All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast. Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist.
You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.
The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.
The post RSVP Time appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
There are four key questions that our clients have right now:
1. What will values do this year and is there any chance of a housing bubble?
2. When will mortgage rates drop below 6%?
3. Will inflation subside this year?
4. Is now a good time to buy or sell?
All of these questions will be answered by our Chief Economist Matthew Gardner on February 1st at our annual Market Forecast. Fun Fact, Windermere is the only real estate brokerage in the United States with a Chief Economist.
You can RSVP for Matthew’s lively and informative presentation at ColoradoForecast.com.
The Windermere Forecast is at 5:30pm on Wednesday, February 1st at the Fort Collins Marriott.
The post RSVP Time appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.
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