Adorable Home with a Great Backyard!

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Adorable home at 941 Columbine on large lot comes with new Champion siding & windows, heated/insulated garage with new garage door, new furnace/air conditioning, new gas range and dishwasher, fresh paint, 2 sheds – one is a workshop! Off-street RV parking, established landscaping, no HOA. Enjoy an easy walk to the library, Tozer Elementary School, and neighborhood park. Outdoor deck is wired for a hot tub! The backyard has a large deck, fire pit, and a fenced in garden! Call Meagan Griesel for your private showing at 970-310-9357 or click the link below for more details.

http://windermerenoco.com/listing/77261011

 

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Quaint Home with Amazing Landscaping!

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BEAUTIFULLY maintained home at 2509 Tulane Dr, just a block from O’Dea Elementary. Permitted addition makes this home almost 2,400 square feet. Wood floors on the main floor in fantastic condition, open kitchen to the living room. Newer style vinyl windows throughout, new roof in 2015, new carpet in most rooms, and a brand new furnace! Landscaping is as close to perfect as it can get. Large office, study and recreation room with its own access to the backyard. An amazing opportunity under $400,000 in South College Heights! Call Paul Hunter for a private showing or click the link below for more details.

https://www.windermere.com/listing/77000317

 

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Charming Old Town Bungalow

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Another Windermere Certified Listing is under contract within days of hitting the market!

Classic Old Town bungalow on a great sized lot! Alley parking as well as off street parking in the front. Charming family room fireplace. Great Old Town value.

Call Paul Hunter for more details or for a private consultation about your home’s current value. You can reach him at (970) 673-7285.

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Priceless view, with a gorgeous home included!

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This 5 bedroom updated retreat sits on a huge lot backing to open space and a straight shot at Longs Peak.

Boasting a wide-open floor plan, this home has a large kitchen with granite, tile and lots of cabinet space. The vaulted great room and separate dining area provide plenty of room for entertaining and relaxing. Main floor master suite. Large loft with 3 bedrooms upstairs, and a finished basement below. New carpet and paint inside and out. 3 car garage. For more information, visit: http://holstenrealestate.com/listing/76531317 or call Jon Holsten at (970) 237-2752.

 

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A Look Back

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Looing Back

Here are some fun facts about 2017…

(By the way, be sure to RSVP for our Market Forecast on January 18th so you can hear our predictions for next year. Click HERE to register)

In 2017:

  • $4.6 billion of residential real estate was sold in Larimer and Weld Counties. ($2.8 in Larimer and $1.8 in Weld). This volume is double what is was in 2012.
  • There were 7,091 residential sales in Larimer County and 5,442, in Weld County.
  • On average, it took 53 days to sell a home in Larimer County and 49 days in Weld County. In 2012 it took about 25 days longer to sell a home.

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Rate Recap

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The Federal Reserve raised interest rates by 0.25% this week. It was their 3rd rate increase this year.

This has us thinking about mortgage rates.

Today, 30-year mortgage rates are 3.93%.

Let’s put this in context with a little history lesson. Mortgage rates were…

  • 3.90% 6 months ago
  • 4.13% 1 year ago
  • 3.54% 18 months ago
  • 3.32% 5 years ago
  • 5.96% 10 years ago
  • 7.15% 20 years ago

So where are rates headed? Given that the Federal Reserve is expected to raise their rate three to four more times in 2018, we expect mortgage rates to be higher one year from today.

The Mortgage Bankers Association predicts rates to be 4.8% in the 4th quarter of next year. Freddie Mac’s prediction is 4.4%. If these predictions are true, that would mean mortgage rates would be back to where there were 6 to 7 years ago.

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Luxury Leaps

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One of our favorite sources of data is the Fort Collins Board of Realtors monthly market report. Their newest release of information showed some interesting numbers on the luxury market and a confirmation of other statistics we are tracking.

The Luxury market is way up over last year.

In the greater Fort Collins area over the last 12 months, sales of single family homes priced between $1 million and $2 million, have leaped up 79% over last year. 24 total sales last year compared to 43 this year.

We included a screen shot from the report below…

We will take a deeper dive and closer look at the luxury market across all of Northern Colorado in our upcoming December Windermere Report (if you don’t already receive this monthly printed newsletter in your mailbox, let us know and we will add you to the list. Just contact us HERE.) 
Quarterly Market Report

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Inventory Is Up

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For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory.

Based on our current research, it looks like this trend is reversing.

Let’s look at the increase in inventory in our major markets versus a year ago…

  • Fort Collins up 28%
  • Loveland up 4%
  • Windsor up 37%
  • Greeley up 5%

This increase in is very good news for prospective buyers as now there are more homes to choose from.

To see an update as to what is happening in the Northern Colorado market, contact us to receive our quarterly “Scoop” report.

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