Mission Hills Condo!

by Rondi duPont

925 Columbia Rd 611 is a beautiful ground level, one bedroom, one bathroom condo in Mission Hills, Fort Collins! This home is perfect for someone looking for a move in ready home to call their own! The home has updated flooring, paint and kitchen. Picture sitting on the walkout patio, enjoying the the large open space while sipping your coffee. Or in the winter, snuggle up next to the cozy wood burning fireplace. The unit also has a small storage closet off of the patio. This amazing location within a few miles to Old Town and CSU. Don’t forget about the Tennis Courts as a bonus feature to the complex! Call for your private showing at (970) 401-0123 for more information or click the link below for more details.

http://windermerenoco.com/listing/132142462

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • August 13, 2017

Signs of Slowing?

by Rondi duPont

An article in last week’s Denver Post about the Metro Denver market cooling off has prompted questions from our clients.

Is the same thing happening in Northern Colorado?

Are the Larimer and Weld County markets showing signs of slowing?

Here’s the deal…

The Denver Post article points to the difference in number of transactions between June and July of this year. It’s no surprise to us that July had fewer closings.

What’s true in Metro Denver is also true in Northern Colorado – June tends to have more closings than any other month during the year so of course July will be slower.

What we do notice when we look at the numbers is that the difference between June and July is significant.

In all major markets in Northern Colorado, the difference between June and July is the greatest it has ever been in the last four years.

For example, in Fort Collins, July had 18% fewer closings than June. Whereas last year the difference was 9%. In Greeley the difference this year was 16% while last year was only 5%.

A month over month difference does not necessarily indicate a long-term trend. However, there is a difference compared to last year which should be welcome news to buyers who have been waiting for a slow down.

We have just completed a comprehensive report for anyone thinking about selling their home.

The Insider’s Guide to Selling Your Home (without any stress or surprises) is now available for you.

It is hot off the press and you can request a copy by emailing rdupont@windermere.com

Contact me to get your copy immediately so you can see everything you need to know to sell your home in today’s market.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • July 7, 2017

The Wellington Explosion

by Rondi duPont

What if we told you there is a real estate market that has seen a 300% increase in sales volume in only 5 years?

What if we told you that market was right in our back yard?

The market is Wellington and what is happening there is extraordinary.

Because price increases in Fort Collins have eliminated virtually all options for the sub $300,000 buyer, Wellington has become a very popular place to buy a home.

In June of 2012, the average price there was $185,000. Today it is $300,500!

In 2012 there were 222 residential sales in Wellington. This year is on pace to ecliplse 500.

Yes, Wellington has exploded and we don’t see it slowing down any time soon!

Fun facts about Wellington:

The Town of Wellington was an oil, coal and agricultural hub throughout the 1800s and became a stopping location for wagon trains, travelers, and military movement between Cheyenne, Wyoming and Fort Collins, Colorado. The town was founded in 1902, incorporated in 1905 and named after C.L. Wellington, an employee of the Colorado and Southern Railroad.

Around the same time the population began to grow in Wellington, woolly mammoth remains were discovered by a construction crew while digging foundations for new homes. The remains were carefully excavated by a University of Colorado team while residents watched with excitement. Unfortunately, after being taken back to the University for further examination, the tusks were dropped and shattered on a floor. In recognition and remembrance of this event, the subdivision where they were found named a street Mammoth Circle.

Wellington maintained a population around 500 throughout the 20th century and grew to about 1,000 until the early 2000s. Today, Wellington is home to a population of nearly 8,300 residents.

Fun Facts & Image Source: www.townofwellington.com

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 • February 18, 2017

Stadium Impact?

by Rondi duPont

Today we are looking at one of the hot topics in Northern Colorado. Is the new CSU football stadium impacting real estate values in the surrounding neighborhoods?

The answer, based on the research we’ve done so far, is… yes!

Here are the details…

We looked at the residential properties in the 1-mile radius surrounding the new stadium. We pulled the sales over the last three years in that area. Then we compared that area to the market as a whole.

Let’s talk about prices first. Residential prices inside the City Limits of Fort Collins went up 11% last year and 12% the year before that. Within the stadium’s 1-mile radius, prices only went up 1% last year, but 14% the year before that. It seems that recent construction has impacted prices.

Now what about number of sales? Residential transactions have gone down 5% per year each of the last two years. Near the stadium, the decrease has been even larger at 7 to 8% per year.

It does seem that the stadium has had an impact. We will continue to keep our eye on this trend!

One footnote is that last year had more condominium sales than the year before which has an impact on average price.