Luxury Market Spotlight

by Rondi duPont

So how’s the luxury market? Let’s look…

Today there are 88 single family homes for sale in Larimer and Weld County priced at $1 Million and above.

Over the last year, 63 of these properties have sold.

This means it would take 17 months to sell all of these luxury properties at the current pace of sales.

Where do most of these sales occur? The most active city is Fort Collins with 18 luxury sales followed by Loveland with 13.

The most active neighborhood in all of Northern Colorado for luxury properties is the Harmony Club in Timnath with 8 sales.

Windermere Real Estate is proud to have represented the most expensive home to sell in Northern Colorado in the last two years – a $2,800,000 property in the Harmony Club which featured a gourmet French Kitchen, reclaimed barnwood floors and handmade peg wood beams.

Contact me to learn more about our Premier Properties program which is custom designed to sell luxury homes.

Blog • Fort Collins Real Estate • Fort Collins Realtor • February 28, 2017

Northern Colorado Real Estate Forecast

by Rondi duPont

Spring selling season is right around the corner. We are seeing the activity buzz starting already in the market. If you missed our Forecast event we held in January, we have put together a quick recap video for you to review. Click on the video below to hear more!

Additional questions? Let me know!

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • February 24, 2017

Is Fort Collins the Next Boulder?

by Rondi duPont

The hottest question we get in Northern Colorado is this “do you think Fort Collins is the next Boulder?”

Let’s look closely at that question and start with what is similar. They are both beautiful college towns nestled against the foothills. They both have affordability issues which push real estate buyers to satellite communities (what is happening is Wellington is not unlike what happened in Louisville).

Yet there are differences at a fundamental level that will forever keep these two places very different from each other. For example, the average Household Income in Boulder is 60% higher than Fort Collins. Here is another big deal, Boulder is only half the size of Fort Collins (25 square miles versus 57 square miles). And get this, the City of Boulder owns 71 square miles of open space in and around the City.

Essentially Boulder is a small island surrounded by an ocean of open space inhabited by very high income-earners. That is why the average price of a single family home in Boulder is now over $1 million.

We put together a short video which shows you more detail about this hot question. You can watch it here:

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • January 27, 2017

Our Crystal Ball

by Rondi duPont

Last week Windermere’s Chief Economist Matthew Gardner joined us for our annual Market Forecast events in Colorado. We were pleased to host over 500 customers at two events in Denver and Fort Collins.

Here are some of the big takeaways that we shared:

Interest rates will increase to 4.6% by the end of the year
First-time buyers are back and will make up 47% of all buyers in 2017
Inventory will remain at record lows and will continue to drive up prices
Appreciation is expected to be between 9% and 7% accross our Front Range markets
Home builders will get creative in order to hit lower price points – we will see more “tiny homes” and more homes without basements

Click HERE to see Matthew Gardner’s infographic on the 2017 Forecast.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • September 9, 2016

Signs of Slowing

by Rondi duPont

It's not just temperatures cooling off as we transition from summer to fall, there are signs that the market is cooling as well.

The numbers are in and both Loveland and Fort Collins had their slowest August in several years.

Loveland had 127 single family home sales last month. This is 16% lower than August 2015 and the slowest August for Loveland since 2012.

Fort Collins had their slowest August since 2011 with 206 single family sales. This is 13% lower than last year.

This is good news for buyers who may have been reluctant to enter the multiple-offer frenzy that occurred this past spring. It looks like we are moving toward a more "normal" market.