Compound Effect

The projections show that it will only get more popular in the future.

Today, 4.8 million people live along the Front Range from Fort Collins down to Pueblo.

In 2030, just 11 short years from now, 5.7 million people will live here. Yes, that’s almost 1 million more than today.

This is all according to the Colorado State Demographers Office.

While this seems like a big increase, keep in mind that this assumes that population growth occurs at a fairly modest 1.7% per year.

It seems that our state will continue to grow and there will continue to be a demand for housing.

Posted on July 19, 2019 at 4:53 pm
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Sign Surprise

Given how active our market is today and has been over the last few years, many people assume that virtually every home with a “For Sale” sign in the front yard is already under contract.

 

They are surprised to learn that, in most cases, the “For Sale” sign does indeed represent a home that is actively for sale.

 

For example, today in Fort Collins there are 655 single-family homes on the market. 290 of these are under contract and will be closing soon. 365 of these are still active. So, 56% of the signs in Fort Collins are in front of homes that are still available.

 


Here are the specific numbers for each of our Northern Colorado markets:
• Fort Collins = 56%
• Loveland = 57%
• Windsor = 58%
• Greeley = 41%

 

Posted on July 13, 2019 at 7:07 pm
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Over List

A statistic we keep our eye on is the percentage of homes which sell for at least list price.

In a robust, healthy, market with lower inventory, we will frequently see homes selling for their asking price or even higher.

 

Here are the number of sales that occur for list price or higher in each of our major markets:

• Fort Collins = 60%
• Loveland = 60%
• Greeley = 71%
• Windsor = 56%

 


There are a couple of things we notice about these numbers. First, well over half of all sales are for at least list price. This means that a buyer needs to be prepared to make a full price offer (or higher) in most cases. This also means that if a seller is priced right and marketed effectively, they should achieve their asking price.

We also notice that these percentages are lower than one year ago. In 2018 these numbers were 5% to 10% higher in each market. This is good news for buyers of course because the bidding wars are not as intense as last year.

 

Posted on July 12, 2019 at 6:20 pm
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Welcome Home to Eagles Nest Ranch with Beautiful Views!

This private Colorado trophy ranch at 2290 North Greyrock Road in Laporte has 560 acres of unspoiled rolling hills, meadows, and rock cliffs with views of the Roosevelt National Forest, Greyrock Mt, and Mummy Range. Only 20 minutes to Fort Collins or 1.5 hours to DIA. This exclusive offering has 3 well appointed residences sleeping up to 32 guests and has hosted hunting camps and private weddings. Enjoy hunting, clay shooting, hiking, horses, and ATV trails on this gated and fully fenced private Colorado Oasis. Call for your private showing at (970) 401-0123 for more information or click the link below for more details.

https://www.windermere.com/listing/CO/Laporte/2290-N-Greyrock-Rd-80535/96760876

Posted on June 19, 2019 at 5:52 pm
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A History Lesson

One of the most common questions we hear from clients is “Where do you think interest rates are going?”

Virtually all of the experts we follow put rates above 5% going into next year and some see rates approaching 5.5% by the middle of 2019. What’s certain is that there are economic forces at work that are pushing rates higher.

So, how about a little history lesson? How do today’s 30- year mortgage rates compare to this same date in history going all the way back to 1990?

• Today = 4.85%
• 2017 = 3.94%
• 2015 = 3.82%
• 2010 = 4.27%
• 2005 = 5.98%
• 2000 = 7.84%
• 1995 = 7.75%
• 1990 = 10.22%

While today’s rates feel high only because they are higher than 2017, they are quite a bit lower than at many times in history.

Posted on October 21, 2018 at 5:59 pm
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Average Home Prices in Northern Colorado

Yesterday the Coloradoan ran a very good article about the increase of average home prices in Larimer County, which they stated has now reached $405,000.  

We thought this article may make you curious to know what the average prices are in each specific city in Northern Colorado:

  • Fort Collins = $453,051
  • Loveland = $402,132
  • Windsor = $463,769
  • Greeley = $310,785
  • Timnath = $604,481
  • Wellington = $338,999
  • Boulder = $1,105,634

source = IRES

Contact me today to find out what your home would be valued at in today’s market!

Posted on July 13, 2018 at 10:29 pm
Rondi duPont | Category: Fort Collins Real Estate, Fort Collins Realtor, Fun Facts, Northern Colorado Real Estate | Tagged , , , , , , , , , , , , , , ,

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
Posted on June 15, 2018 at 4:42 pm
Rondi duPont | Category: Fort Collins Real Estate, Fort Collins Realtor, Fun Facts, Northern Colorado Real Estate | Tagged , , , , , ,

Top 5

Greeley is the 5th-ranked city in the whole country for one year appreciation. This is according to the Federal Housing Finance Authority’s most recent quarterly report. They track close to 300 markets all over the U.S.

For the first time in a long time, the Fort Collins/Loveland market did not make the top 20 list- they came in ranked 76th.

Greeley’s appreciation over the last year was 12.63% and Fort Collins/Loveland’s was 7.98%.

Who was first? Boise, Idaho with 15.25%.

Who was last? Peoria, Illinois whose prices fell 1.26%.

What about other Colorado cities?

  • Colorado Springs – 14th @ 11.65%
  • Grand Junction – 16th @ 11.47%
  • Denver – 28th @ 10.18%
  • Boulder – 68th @ 8.25%

Overall, prices in the U.S. increased by an average of 6.9%. A couple of interesting side notes- a minimum of 11% was required to make the top-20, and 18 of the top 20 are in the Western U.S.

Grab a copy of our Investment Kit so you can see the simple steps to get started without stress or complication. Email us at rdupont@windermere.com and I will send you a video which clarifies the process and our Investment Checklist so you can see what to do first.

Posted on May 25, 2018 at 6:56 pm
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Relief On The Way!

There is good news and bad news. 

The good news is I-25 traffic relief is on the way. The bad news is we will have to live through three summers of construction before it’s done. 

Did you know the 26 miles between Highway 14 in Fort Collins and Highway 66 in Longmont Interstate 25 serves more than 45,000 cars per day? Wow!

Part of that stretch of interstate will get a third lane starting this summer. Construction is set to begin next month that will add a third lane between Highway 14 and Highway 402.

The project is happening 14 years ahead of schedule thanks to additional funding from several sources including the Cities of Fort Collins and Loveland. The first step we will notice is construction on the I 25/Highway 34 intersection.

This is great news for our region that will bring much needed relief. We will all just need to be a little patient while the work is being done.

Posted on May 18, 2018 at 5:52 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts | Tagged , , , ,

66% Off

This just in…

For the month of April, the average price of a home in the city of Boulder was $1,247,000. This is according to the latest from our IRES MLS system. 

If you want to own a home about an hour down the road in another really nice college town and get a 66% discount, you may want to check out Fort Collins 🙂

Yes, despite the recent uptick in prices here locally, we are still a bargain compared to Boulder. Here are median single-family prices for our markets and their relative price to Boulder:

  • Fort Collins = $414,237 (66.8% off)
  • Loveland = $360,150 (71.1% off)
  • Greeley = $290,000 (76.7% off)
  • Windsor = $306,450 (75.4% off)

Grab a copy of our Investment Kit so you can see the simple steps to get started without stress or complication. Email us at rdupont@windermere.com and I will send you a video which clarifies the process and our Investment Checklist so you can see what to do first.

Posted on May 11, 2018 at 5:34 pm
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