Most Active

 

What is the most active price range in Northern Colorado?  Take a guess…

  • $300,000 to $400,000
  • $400,000 to $500,000
  • $500,000 to $750,000
  • $750,000 and above

By far, the most active price range is $300,000 to $400,000 with 60% more closed transactions than the $400,000 to $500,000 range and 400% more than homes priced $750,000 and above.

However, this lower price range does not have the most inventory.  The price range with the greatest selection of homes is $500,000 to $750,000.

Posted on October 25, 2019 at 6:11 pm
Rondi duPont | Category: Blog, Fun Facts | Tagged , , , , , ,

What We Notice

Here are some observations we have about the market right now:

  • Inventory is up, price reductions are up, the length of time to sell a home is up
  • Seller concessions are more prevalent
  • Sellers are more willing to accept contingent offers (especially in higher price ranges)
  • If a home doesn’t sell within a week, it often becomes stigmatized by the market and potential buyers assume there must be something wrong with it
  • Homes that likely would have sold within hours a year ago, are now sitting on the market
  • Condition is super-important as buyers become even more picky
  • Pricing a property correctly on day one is paramount
  • Sellers who over-price their property are finding themselves chasing the market

 

Posted on August 2, 2019 at 11:09 am
Fort Collins | Posted in BlogFun Facts | Tagged 
Posted on September 25, 2019 at 7:38 pm
Rondi duPont | Category: Blog, Fun Facts | Tagged , , , , , , , ,

What We Notice

  • Inventory is up, price reductions are up, the length of time to sell a home is up
  • Seller concessions are more prevalent
  • Sellers are more willing to accept contingent offers (especially in higher price ranges)
  • If a home doesn’t sell within a week, it often becomes stigmatized by the market and potential buyers assume there must be something wrong with it
  • Homes that likely would have sold within hours a year ago, are now sitting on the market
  • Condition is super-important as buyers become even more picky
  • Pricing a property correctly on day one is paramount
  • Sellers who over-price their property are finding themselves chasing the market

 

Posted on August 5, 2019 at 5:05 pm
Rondi duPont | Category: Blog, Fun Facts | Tagged , , , , , , , ,

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
Rondi duPont | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , , , , ,

Inventory vs. Sales

A stat we find interesting is the relationship between the inventory for sale versus what is actually selling.

Specifically what we look at are price ranges.

We are curious to know if the inventory that is for sale lines up with what the buyers want.

Here’s what we notice…

In Larimer County, 23% of all the single family homes for sale are priced under $400,000. No surprise, this is a popular price range among buyers and it represents 45% of all sales.

So, the ratio is 23% of the inventory versus 45% of the sales.

In Weld County, the difference is more pronounced.

Homes under $400,000 represent 44% of the inventory and 69% of the sales.

Because the percentage of sales is higher than the percentage of inventory, properties under $400,000 will sell much quicker and are more likely to have multiple offers.

To see the latest on the market, be sure to check out a copy of the new Gardner Report, our Chief Economist’s quarterly look at Front Range real estate.

Posted on May 10, 2019 at 8:12 pm
Rondi duPont | Category: Blog, Fun Facts | Tagged , , , , , , , , , , , ,

2019 Annual Forecast

If you missed our Annual Forecast Review last month, click the link below to get a recap of the event:

 

 

Posted on February 12, 2019 at 8:31 pm
Rondi duPont | Category: Forecast, Fort Collins Real Estate, Fort Collins Realtor | Tagged , , , , , , , ,

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 , , , , , , , , , , , , , , ,

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
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts, Northern Colorado Real Estate | 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
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts, Northern Colorado Real Estate | Tagged , , , , , , , , , , , , ,

April Showers

The April results are in for Larimer and Weld County…

Larimer County had 547 residential sales for the month, 11% fewer than a year ago. Weld County was up 13% compared to last year with 493 sales.

Why is Larimer down and Weld up? It’s mostly driven by affordability – there tend to be more homes to choose from under $350,000 in Weld County.

How about prices? Average prices went up 10% in Larimer County and 9% in Weld County compared to April 2017.

Larimer County’s average price is $419,918 and Weld’s is $359,402.

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

Posted on May 7, 2018 at 8:20 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts | Tagged , , , , , , , , , , ,