FRIDAY FUN FACTS – Transitioning into Fall

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As we transition from September to October, the real estate market is showing signs of stability and balance. Inventory levels are beginning to flatten out, providing buyers with more options to choose from. Sellers are becoming more flexible, willing to negotiate, make repairs, and offer concessions to close deals.

  • Active Listings: The number of active listings has remained consistent compared to the previous week, although inventory levels are notably higher than this time last year.
  • New Listings: There has been an increase in new listings both week over week and year over year, indicating growing seller confidence.
  • Pending Transactions: The number of pending transactions has remained relatively flat, and the market’s supply of inventory has held steady.
  • Odds of Selling: While the Odds of Selling have risen slightly, they remain below historical averages, reflecting the ongoing dynamics of the market.
  • Showings: Showings have seen a minor decline from the previous week but are higher compared to the same period last year. Homes are staying on the market longer, giving buyers more time to consider their options.
  • Price Reductions: The prevalence of price reductions has increased, with a larger percentage of homes adjusting their prices before entering into contracts. Additionally, the size of these price reductions has also shown an uptick.

Buyers currently have increased negotiating power, as sellers are more willing to engage in negotiations and make concessions. With a stable inventory and a market that offers more time for decision-making, now may be an opportune time for buyers to explore their options.

 

For personalized insights and guidance tailored to your specific real estate goals, feel free to reach out to our team at Windermere Real Estate.  We are here to help you make informed decisions and seize the opportunities presented by the current market conditions.

The post FRIDAY FUN FACTS – Transitioning into Fall appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

FRIDAY FUN FACTS – Transitioning into Fall

/in , , , , , , , , , , , , , , , , , /by

As we transition from September to October, the real estate market is showing signs of stability and balance. Inventory levels are beginning to flatten out, providing buyers with more options to choose from. Sellers are becoming more flexible, willing to negotiate, make repairs, and offer concessions to close deals.

  • Active Listings: The number of active listings has remained consistent compared to the previous week, although inventory levels are notably higher than this time last year.
  • New Listings: There has been an increase in new listings both week over week and year over year, indicating growing seller confidence.
  • Pending Transactions: The number of pending transactions has remained relatively flat, and the market’s supply of inventory has held steady.
  • Odds of Selling: While the Odds of Selling have risen slightly, they remain below historical averages, reflecting the ongoing dynamics of the market.
  • Showings: Showings have seen a minor decline from the previous week but are higher compared to the same period last year. Homes are staying on the market longer, giving buyers more time to consider their options.
  • Price Reductions: The prevalence of price reductions has increased, with a larger percentage of homes adjusting their prices before entering into contracts. Additionally, the size of these price reductions has also shown an uptick.

Buyers currently have increased negotiating power, as sellers are more willing to engage in negotiations and make concessions. With a stable inventory and a market that offers more time for decision-making, now may be an opportune time for buyers to explore their options.

 

For personalized insights and guidance tailored to your specific real estate goals, feel free to reach out to our team at Windermere Real Estate.  We are here to help you make informed decisions and seize the opportunities presented by the current market conditions.

The post FRIDAY FUN FACTS – Transitioning into Fall appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Versus 2019

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Because 2021 and 2020 were such unique years in real estate because of the considerably low interest rates, many people in our industry believe it makes sense to compare 2022 to 2019 when looking at the key statistics.

Here’s how 2022 looked along the Front Range compared to 2019:

 

                                             Prices                   Number of Transactions                Properties for Sale

Larimer County                 +41%                    -6%                                                     -37%

Weld County                     +39%                    +2%                                                    -16%

Metro Denver                   +40%                    -14%                                                   -6%

 

Generally, what we notice is that:

  • Prices are up significantly
  • The number of transactions is similar
  • Inventory is down compared to 2019 even though it is more than double 2021’s inventory

 

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 Versus 2019 appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Halfway Check

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This is a market which is changing quickly.  We are studying the numbers every day so we can be clear about where the market is heading.

Here is a check on the market halfway through October.

Compared to last October…

  • Available inventory is up 73% in Northern Colorado and up 112% in Metro Denver.  This is significant for buyers who, for years, were challenged with limited selection.
  • Number of closed transactions is down 50% in Northern Colorado and 41% in Metro Denver.  This reflects the fact that fewer buyers are active right now given higher interest rates.

Prices continue to be higher than last year.  They are up 12% in Northern Colorado and 13% in Metro Denver.  We don’t expect double-digit increases to continue, but don’t expect anything like a price crash.

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Active Average

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While we frequently research and discuss average prices for properties that sell, it is also interesting to look at the average prices for properties that are active on the market but not sold yet.

These are the average prices, by area, for properties currently listed for sale and not sold yet:

  • Metro Denver = $954,000
  • Larimer County = $878,000
  • Weld County = $880,000

If you are surprised that Weld County is higher than Larimer County, it’s important to note that there are several large acreage properties listed for sale in Weld County which are skewing the average.

These average active prices are all roughly 30% higher compared to a year ago and further emphasize the strong activity in the Front Range market.

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New Listings January 2022

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3015 Hudson Drive, Loveland, Co 80538

Listing Agent: Jon Holsten

MLS 956876

Fantastic 4 bedroom home on a corner lot in popular west Loveland! Your new home features a main-level 5 piece primary suite and wide-open floor plan with great room concept. High vaulted ceilings let the natural light flow in — with the beautiful wood floors and gas fireplace accentuating a place you can truly relax. The large kitchen with tons of counter space and storage, along with the nearby separate dining room is a chef’s delight! Upstairs, you’ll find more hardwood floors and three additional bedrooms. The large unfinished basement is perfect for future expansion. Relax or entertain on the back deck overlooking the fully fenced and landscaped back yard. Oversized two car garage. Close to the foothills, great outdoor recreation, schools, and all this great community has to offer! An excellent home and awesome value! Call (970) 237-2752 to schedule your private tour or click here for more information.

 

1600 W Mountain Avenue, Fort Collins, CO 80521

Listing Agent: Jon Holsten

MLS 956986

Fantastic three bedroom home on beautiful W. Mountain Avenue in Fort Collins! Set on a corner lot just steps from City Park and the trolly line, your new home boasts an updated kitchen with new countertops, upgraded cabinets, large pantry and dual pull-out dishwashers! Separate living and dining areas. Relax or entertain on the covered back porch, accentuated by the sprawling deck and low-maintenance back yard. Large shade trees! Newer roof and fully-automated sprinkler system. Oversized detached two car garage with covered exterior storage on one side. Close to Old Town Fort Collins, CSU and everything else this great community has to offer. A terrific home and great value! Call (970) 237-2752 to schedule your private tour or click here for more information.

 

614 Prichett Court, Fort Collins, CO 80525

Listing Agent: Brandon Bidwell

MLS 957032

Well maintained and updated home nicely situated on a cul-de-sac near the neighborhood park, swimming pool and Coyote Ridge Elementary School. The kitchen features Quartz Countertops, Tharp Cabinets and recessed lighting. The primary 5 piece bathroom and the secondary full bathroom have both been tastefully remodeled. Other features include newer paint (exterior & interior), newer furnace & A/C (with humidifier), whole house fan, radon mitigation, Finished Garage plumbed with gas for heating. Call (970) 215-1573 to schedule your private tour or click here for more information.

 

42260 Waterford Hill Way, Fort Collins, CO 80524

Listing Agent: Paul Hunter & Pete Jordan

MLS 957115

Two and a half acre lot in a gated subdivision 8 minutes to I-25 and only 15 minutes to Old Town Fort Collins! AMAZING mountain and foothills views. Come build your custom dream home, seller has info on a home that could be built there, but bring your own builder or plans to enjoy the space and privacy of a neighborhood with only 8 homes with the convenience of a location near Fort Collins. Call (970) 673-7285 to schedule your private tour or click here for more information.

 

4339 Shepardscress Drive, Johnstown, CO 80534

Listing Agent: Reba Tipton

MLS 957350

4339 Shepardscress Drive is an immaculate Johnstown ranch-style home in conveniently located Thompson Crossing II that has all the things! The cheery front entry is a welcoming prelude to the gorgeous interior. Spacious and refined, this home boasts a split floorplan and retreat-like primary suite. The kitchen is a chef’s delight with elegant knotty alder cabinets, corner pantry, and center island. The light, bright garden level basement has 2 more bedrooms, a bathroom, a massive recreation/ family room and generous storage. The 746 sq ft 3-car garage is a welcome bonus, along with the spacious and manicured lot; 0.21 acres, backing to private farm land. Get in line to see this beauty nestled near tons of shops, restaurants w/ paved trails right behind the I-25/ Hwy. 34 corridor. Call (970) 215-6768 to schedule your private tour or click here to view the virtual tour. 

 

2333 W 11th Street Road, Greeley, CO 80631

Listing Agent: Ben Barnhart

MLS 957380

Flexible spaces and great location in the heart of Greeley – and NO HOA! Backing up to open space. Near shopping, Banner Health and UNC. You are welcomed by a large, covered entry, which could be easily enclosed. The main level of the home features the recently renovated bathroom, plenty of natural light from the south-facing picture window, and genuine hardwood flooring in the living and bedrooms. A barn door in the master bedroom lets you create one larger bedroom or two smaller rooms. The basement offers a separate entrance from the backyard and into a foyer. The basement is fully finished with updated LVP flooring, a huge living area, bedroom/bath and separate kitchen area. Enjoy the large, private, fenced yard including water feature- perfect for summer barbeques. New roof in 2019, New Furnace 2017 and new interior paint. Call (970) 534-5440 to schedule your private tour or click here for more information. 

 

2617 Mathews Street, Fort Collins, CO 80525

Listing Agent: Brandon Bidwell

MLS 957032

Move-in-ready on 1/3 Acre in Mid-Town Ft Collins. Huge fenced in RV/Boat Parking area fits a 35′ RV AND a 20′ Boat! With the oversized 2 car garage you’ll have room for all your toys. Inside you’ll enjoy the nicely remodeled kitchen, open living room and all the natural light. Other features include a well updated primary bathroom, Sun Room and Fireplace in the lower level family room. New Driveway and Roof with class 4 shingles in 2018. New Furnace and A/C 2017. New Garage Door, Gutters & Fence in 2013. New Carpet, New Toilet, the list goes on! Call (970) 215-1573 to schedule your private tour or click here for more information.

 

39483 Ridge Park Drive, Severance, CO 80610

MLS 957637

Listing Agent: Paul Hunter

is a beautiful custom ranch home with a walkout basement. This property even offers views from Longs Peak to Pikes Peak! Gated community, and over 4 acres of space to enjoy privacy. Spend time in the large kitchen opening to a big open living room, or downstairs in the enormous family room with wet bar opening out to a walkout patio with amazing views. 3 fireplaces including a double sided one in the master bedroom/bathroom. Professionally landscaped backyard area in addition to the rest of the acreage. This home is ready to be moved in to today! Call (970) 673-7285 to schedule your private tour or click here for more information.

 

3367 Butternut Lane, Johnstown, CO 80534

MLS 957680

Listing Agent: Brooke Kern

This very well maintained home that has much to offer! Perfect for a growing family in the popular Clearview subdivision. The new elementary school is within walking distance as well as parks and walking trails! Inside you will find an open floor plan great for entertaining! The upper level consists of 3 bedrooms and 2 full bathrooms including the Primary suite! In the basement, you will find a guest suite complete with a private 3/4 bathroom! No Metro taxes and low HOA make this home a must see! Call (970) 980-8349 to schedule your private tour or click here for more information. 

 

 

594 Boxwood Drive, Windsor, CO 80550

MLS 957806

Listing Agent: Alexis Foster

Incredible WATERFRONT home with Breathtaking Mountain Views. If that doesn’t check off all your boxes you will love that this home also has open space in front of the home as well for even more privacy. This 5 bed 4 bath home features an additional flex space that can be used as an office or dining area. You will love the wood floors that are throughout the entire main level. The kitchen boasts granite countertops with a private butler’s pantry. 3 car front-facing garage. Master suite w/ 5-piece bath & walk-in closet and its own double-sided gas fireplace. Fully finished basement with a large family rec room. Close to Windsor Lake and downtown. You will fall in LOVE with the view from your backyard! This home has it all! Call (970) 310-6999 to schedule a private tour or click here for more information. 

 

2133 Chelsea Drive, Loveland, CO 80538

MLS 957806

Listing Agent: Alexis Foster

Step inside and fall in love. Once you walk in you will see all the work these sellers have put into this home including a complete kitchen remodel with new countertops, SS appliances, a pantry, and a coffee station with additional cabinets. This home also has had all new interior paint, carpet baseboards, doors, and lighting to name a few. Enjoy the large and private backyard with a new concrete patio, sprinkler system, and shed. An additional 3rd parking spot has also been added to the front-drive. Great location close to I-25, walking distance to Boyd Lake, Hospitals, Restaurants & Shopping. This home is a must-see! Call (970) 310-6999 to schedule a private tour or click here for more information.

 

1809 Orchard Place, Fort Collins, CO 80521

MLS 957635

Listing Agent: Paul Hunter

Don’t miss out on this charming ranch style home close to CSU, with a full basement. This fantastic property has four bedrooms, two bathrooms and a one car attached garage. Currently rented for $2,000 per month through July 2022. Call (970) 673-7285 to schedule your private tour or click here for more information.

 

615 Oak Street, Windsor, CO 80550

MLS 958047

Listing Agent: Elizabeth Dolton

Welcome home to idyllic Mid-Century Modern living! EXPERTLY RENOVATED with modern lines and historic charm, this turn-key property has it all- Open Floor Plan, Fireplace, and a Gorgeous Kitchen perfect for entertaining. The OVERSIZED LOT and huge yard provides plenty of space to play! Nestled in the heart of Windsor near schools, parks, library and downtown. Alley access/ NO HOA/Approved for an accessory dwelling in backyard. This gem won’t last long! Come check it out! Call (970) 396-7233 to schedule your private tour or click here for more information.

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Inventory Uptick

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We are noticing a trend that is very good news for buyers.

Inventory has been increasing over the last month which means that buyers now have more properties to consider.

Just in the last week, the number of homes for sale has increased:

13% in Larimer County

12% in Weld County

11% in Metro Denver

If you are a buyer who has been waiting for home properties to look at, now is the time!

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

96 Weeks

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Mortgage rates have been below 4% for 96 weeks in a row.

 

Today, the average 30-year fixed mortgage rate sits at 3.17%.

 

This is 0.5% lower than January and exactly 1.0% lower than March 2020.

 

Rates recently ended a 31-week streak of being under 3%.

 

Over the last 5 years, rates have averaged 3.8%.

 

Most experts believe that rates will continue to creep higher as the year goes on.

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Working with a Buyer’s Agent

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What is a Buyer’s Agent?

A typical real estate transaction involves a buyer’s agent representing the buyer and a listing agent representing the seller. A buyer’s agent helps the buyer identify potential homes to pursue, advises them on negotiations, and helps navigate any hurdles during the buying process. Once they are under contract, the buyer’s agent will work to close the sale, monitoring all the key dates and deadlines along the way. Once the transaction is complete, buyer’s agents split the commission of the sale with the listing agent.

 

Advantages of Working with a Buyer’s Agent

Find the right home

A buyer’s agent not only possesses expert knowledge of local market conditions, but they also have access to tools that will help their clients see the widest array of available homes, and eventually, find the right home. By exploring the Multiple Listing Service (MLS), they can access the vastest network of available listings, and receive up-to-date alerts on open houses. They are usually the first to know when a home hits the market and are sometimes aware of homes that are scheduled to list in the near term.  Buyer’s agents can advise their clients on how a home’s outstanding repairs and improvements could affect their decision to purchase, whether the home is in need of an inspection, and discuss the necessity of a home warranty.

 

Save time

Buying a home takes time, but a buyer’s agent will help streamline the buying process. This includes paying close attention to their client’s budget and preferences in order to focus their home search to only those listings that match their needs. Buyers can then decide which homes they would like to view in-person and their agent will contact the corresponding listing agent to set up showings. Buyer’s agents are founts of knowledge, able to provide or track down information a buyer may not be able to readily access on their own. Additionally, they are connected to a network of professionals and can produce references for mortgage brokers, real estate attorneys, inspectors, and more as needed.

 

Making an Offer

Once you’re ready to make an offer on a home, the importance of working with a buyer’s agent kicks into high gear. There are many different elements that impact an offer’s success, and this is where a good buyer’s agent’s specialty lies. Through their expertise, they can help their clients craft a more competitive offer and negotiate as needed. Sometimes the most competitive offers are not just about the price. Offers can win when a buyer’s agent has researched the seller’s needs and pulled together an offer that speaks to those needs. Any advantage buyers can gain to make their offer stand out will strengthen their case. This is especially important in competitive markets when multiple competing offers are on the table.

Throughout the process of making an offer on a home, a buyer’s agent is there to answer any questions that may arise and pore over the details so that nothing goes unnoticed. This is critical since sellers will likely toss aside any offers that come in with missing documents, errors in the contract, and other inconsistencies. When buying a home, buyers often fear that they will miss something during the buying process, that they are going to pay too much, that there will be something wrong with the house after they buy it, or that they’ll lose the home to another buyer. Buyer’s agents help to alleviate these stresses and make sure the buying process runs smoothly.

 

When determining which agent to work with, it’s important to ask questions to gain an understanding of their expertise, see their personality, and get a gauge of how well they understand what you’re looking for in a home. If you would like some help connecting with an agent, you can get started here: Connect with An Agent

The post Working with a Buyer’s Agent appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Working with a Buyer’s Agent

/in , , , , , , , , , , , , , , , , , /by

What is a Buyer’s Agent?

A typical real estate transaction involves a buyer’s agent representing the buyer and a listing agent representing the seller. A buyer’s agent helps the buyer identify potential homes to pursue, advises them on negotiations, and helps navigate any hurdles during the buying process. Once they are under contract, the buyer’s agent will work to close the sale, monitoring all the key dates and deadlines along the way. Once the transaction is complete, buyer’s agents split the commission of the sale with the listing agent.

 

Advantages of Working with a Buyer’s Agent

Find the right home

A buyer’s agent not only possesses expert knowledge of local market conditions, but they also have access to tools that will help their clients see the widest array of available homes, and eventually, find the right home. By exploring the Multiple Listing Service (MLS), they can access the vastest network of available listings, and receive up-to-date alerts on open houses. They are usually the first to know when a home hits the market and are sometimes aware of homes that are scheduled to list in the near term.  Buyer’s agents can advise their clients on how a home’s outstanding repairs and improvements could affect their decision to purchase, whether the home is in need of an inspection, and discuss the necessity of a home warranty.

 

Save time

Buying a home takes time, but a buyer’s agent will help streamline the buying process. This includes paying close attention to their client’s budget and preferences in order to focus their home search to only those listings that match their needs. Buyers can then decide which homes they would like to view in-person and their agent will contact the corresponding listing agent to set up showings. Buyer’s agents are founts of knowledge, able to provide or track down information a buyer may not be able to readily access on their own. Additionally, they are connected to a network of professionals and can produce references for mortgage brokers, real estate attorneys, inspectors, and more as needed.

 

Making an Offer

Once you’re ready to make an offer on a home, the importance of working with a buyer’s agent kicks into high gear. There are many different elements that impact an offer’s success, and this is where a good buyer’s agent’s specialty lies. Through their expertise, they can help their clients craft a more competitive offer and negotiate as needed. Sometimes the most competitive offers are not just about the price. Offers can win when a buyer’s agent has researched the seller’s needs and pulled together an offer that speaks to those needs. Any advantage buyers can gain to make their offer stand out will strengthen their case. This is especially important in competitive markets when multiple competing offers are on the table.

Throughout the process of making an offer on a home, a buyer’s agent is there to answer any questions that may arise and pore over the details so that nothing goes unnoticed. This is critical since sellers will likely toss aside any offers that come in with missing documents, errors in the contract, and other inconsistencies. When buying a home, buyers often fear that they will miss something during the buying process, that they are going to pay too much, that there will be something wrong with the house after they buy it, or that they’ll lose the home to another buyer. Buyer’s agents help to alleviate these stresses and make sure the buying process runs smoothly.

 

When determining which agent to work with, it’s important to ask questions to gain an understanding of their expertise, see their personality, and get a gauge of how well they understand what you’re looking for in a home. If you would like some help connecting with an agent, you can get started here: Connect with An Agent

The post Working with a Buyer’s Agent appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.