Luxury is Stronger

The market above $1,000,000 is stronger than the market overall.This is true in both Northern Colorado and Metro Denver.The luxury market is not slowing to the same degree as the overall market.In Northern Colorado:
  • Closed transactions are down 41% in the overall market and 26% in the luxury market over $1,000,000
  • Pending transactions are down 44% overall and only 13% in the luxury market
In Metro Denver:
  • Closed transactions are down 40% overall and only 13% over $1,000,000
  • Pending transactions are down 41% overall and only 17% in the luxury market
This is likely because higher-end buyers are not as sensitive to higher interest rates and there tend to be more cash transactions in the luxury market.

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The Votes Are In

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Real estate buyers made their voices heard last month and made a clear choice for…  higher-end properties!

One of the interesting dynamics of our current market is the significantly- increased activity in higher price ranges.

The combination of high equity and low-interest rates is clearly causing people to move up.  They are able to purchase the home that has the features they have always wanted whether it be size, finishes, or location.

The considerable equity growth that has occurred for homeowners over the last 7 years is allowing them to have sizable down payments on their ‘move up’ property plus today’s rates keep their monthly payments lower than expected.

Here are the numbers we researched which demonstrate this trend.

Compared to October of 2019, sales of properties priced over $750,000 last month were up:

  • 176% in Larimer County
  • 375% in Weld County
  • 96% in Metro Denver

Properties in the $550,000 to $750,000 range also saw a large jump:

  • 57% in Larimer County
  • 63% in Weld County
  • 83% in Metro Denver

This is a unique time in history for people to move up and own a home they have always dreamed about.

The post The Votes Are In appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

The Votes Are In

Decrease

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate buyers made their voices heard last month and made a clear choice for…  higher-end properties!

One of the interesting dynamics of our current market is the significantly- increased activity in higher price ranges.

The combination of high equity and low-interest rates is clearly causing people to move up.  They are able to purchase the home that has the features they have always wanted whether it be size, finishes, or location.

The considerable equity growth that has occurred for homeowners over the last 7 years is allowing them to have sizable down payments on their ‘move up’ property plus today’s rates keep their monthly payments lower than expected.

Here are the numbers we researched which demonstrate this trend.

Compared to October of 2019, sales of properties priced over $750,000 last month were up:

  • 176% in Larimer County
  • 375% in Weld County
  • 96% in Metro Denver

Properties in the $550,000 to $750,000 range also saw a large jump:

  • 57% in Larimer County
  • 63% in Weld County
  • 83% in Metro Denver

This is a unique time in history for people to move up and own a home they have always dreamed about.

The post The Votes Are In appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Million Plussing

Luxury

The luxury market is very active right now.  Buyers in the high-end are taking advantage of low interest rates and the equity they have built in their prior homes.

Closings of million-plus single family homes are up significantly along the Front Range.

When compared to this same time last year, sales of properties in this price range are up:

  • 87% in Metro Denver
  • 150% in Larimer County
  • 67% in Weld County

Windermere Real Estate in Colorado recently hosted a private online event for our clients with our very own Chief Economist Matthew Gardner.  We would be happy to send you the recording if you would like.

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

1 Million +

We have our pulse on the high-end luxury market.

The activity in price ranges over $1,000,000 is an effective indicator of the health of the overall market.

If buyers for luxury properties are active, it tells us that “smart money” is confident about real estate in Northern Colorado.

So far this year, 107 luxury properties have sold in Larimer and Weld Counties. Last year at this time 93 had sold and in 2017 it was only 56.

It seems “smart money” is confident.

If you want to see even more insights about the Colorado market so that you can make really good decisions about your real estate, you are welcome to watch this complimentary webinar, just click HERE.

The post 1 Million + appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Luxurious Home with Mountain & Lake Views in Loveland!

Come see 2664 Bluestem Willow Dr  with hand troweled walls throughout, upgraded cabinets with soft close features in the entire home, gourmet kitchen with double oven and gas range. Huge kitchen island for prep and entertaining. Upgraded stone counters in addition to granite. Walkout basement finished with another suite with attached bath, and large family room with fireplace and wet bar. High ceilings, deck off of living room. Next to pool and trails. Recent appraisal for $750k! Contact Paul Hunter for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/92801982

The post Luxurious Home with Mountain & Lake Views in Loveland! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Luxurious Home with Mountain & Lake Views in Loveland!

Come see 2664 Bluestem Willow Dr  with hand troweled walls throughout, upgraded cabinets with soft close features in the entire home, gourmet kitchen with double oven and gas range. Huge kitchen island for prep and entertaining. Upgraded stone counters in addition to granite. Walkout basement finished with another suite with attached bath, and large family room with fireplace and wet bar. High ceilings, deck off of living room. Next to pool and trails. Recent appraisal for $750k! Contact Paul Hunter for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/92801982

The post Luxurious Home with Mountain & Lake Views in Loveland! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Double Up

Fort Collins, over the last 12 months, has seen sales of homes priced $1,000,000 and over almost double.

There have been 47 sales of these luxury properties during the last year compared to 24 sales the year before that.

The current pace of roughly 4 of these properties selling per month is both unprecedented and very different compared to the other Northern Colorado markets.

Loveland, Greeley and Windsor have only seen very slight increases in sales of homes priced over $1,000,000.

So where are these homes selling in Fort Collins? These are the top neighborhoods for luxury sales:

  1. Fossil Lake Ranch
  2. Old Town
  3. The Hill at Cobb Lake
  4. Linden Lake

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

Luxury Leaps

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

The post Luxury Leaps appeared first on Best Real Estate Agents in Northern Colorado.

Luxury Living

837 Glenn Ridge Dr Fort Collins CO 80524

Here are the top 5 most expensive home sales in Northern Colorado so far this year…

  1. $3.3 Million – a 16-acre estate near Pinewood Reservoir with 6 bedrooms, 8900 square feet, and black walnut floors
  2. $2.2 Million- a 9300 square foot home on 5 acres in Hidden Valley estates near Loveland
  3. $1.9 Million – a 8100 square foot home in the Harmony Club
  4. $1.9 Million – this 29-acre property between Berthoud and Loveland includes a 6000 square foot home and a 12,000 square-foot shop building
  5. $1.9 Million – a 9000 square foot home in SE Fort Collins which backs to open space and trails

Click HERE to see current luxury listings in Larimer County or click HERE to see current luxury listings in Weld County.

 

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