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 , , , , , ,

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

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.

Posted on September 27, 2017 at 7:40 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts, Northern Colorado Real Estate | Tagged , , ,

Should You Wait or Buy Now?

The housing market is remarkably tight across the U.S., and you may be wondering if you should wait for home prices to slow before making your move. Windermere’s Chief Economist, Matthew Gardner, shares why waiting could end up costing you more money in the long run.

Should You Wait out the Housing Market?

The housing market is remarkably tight across the U.S., and you may be wondering if you should wait for home prices to slow before making your move. Windermere's Chief Economist, Matthew Gardner, shares why waiting could end up costing you more money in the long run.

Posted by Windermere Real Estate on Friday, August 18, 2017

Posted on August 24, 2017 at 5:54 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor | Tagged , , , , , , , , , , , , , , , , , , , , , , ,

No two alike

Anyone who has more than one child is frequently amazed by the difference between the children. How is it that two kids from the same parents are so different from each other?

Same goes in our Northern Colorado market. We see a major difference between certain price ranges and certain locations right here in our little neck of the woods.

Clients are constantly reading about and hearing about the “hot” market. They make assumptions that every price range and every location in Larimer and Weld Counties are on fire. Not true!

Just like two kids from the same parents are different, two price ranges in the same place are very different.

To make this point, let’s look at months of inventory. This statistic simply measures how long it would take to sell the current inventory of homes at the current pace of sales.

Across all price ranges, months of inventory in Larimer County = 2.0. Meaning it would take two months to sell all the homes currently for sale. But this is misleading, because months of inventory…

So, the $1,000,000 seller who hears that the market is “hot” is actually faced with a year’s inventory currently on the market!

This is a very high-level look at the differences in our market. I am happy to give you a detailed look at your exact neighborhood in your exact price range. Let us know if we can help!

Posted on August 18, 2017 at 8:06 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Signs of Slowing?

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.

Posted on August 13, 2017 at 5:56 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Wellington Explosion

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

Posted on July 7, 2017 at 3:47 pm
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A History Lesson

The national homeownership rate is a very interesting statistic to track. It is simply the percentage of households in the country which are owned by the occupant (versus rented).

Did you know that during the 30 years between 1965 and 1995 the homeownership rate stayed between 63% and 66%? 

Then everything changed as government policies were put in place to encourage a higher percentage of homeowners. During the housing bubble the rate approached 70%.

As the bubble burst, this percentage fell rapidly and eventually bottomed out at 62.9%. Today it sits at 63.7% which is right inside the range of where it was between 1965 and 1995. As we see it, it’s right where it needs to be.

The fact that the homeownership rate sits at “normal” levels is one of three reasons we don’t see a national housing bubble today.

The President of Windermere Colorado, Eric Thompson, created a short video for you which shows you all three reasons. To watch the video, CLICK HERE.

Posted on April 21, 2017 at 10:09 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Now What?

The Federal Reserve raised their benchmark interest rate 0.25% this week.

So what does this mean for real estate?

Some perspective is in order…

First, mortgage rates are not directly tied to the Fed Funds rate. They are, however, closely tied to the 10-year Treasury.

While the Fed was raising their rates this week, mortgage rates actually dipped lower (although slightly).

Mortgage rates today on a 30-year loan are essentially 4.25%.

The long term average for mortage rates, going all the way back to 1970 is 7.5%

For every 1% rise in rates, there is a corresponding 10% impact to the monthly payment.

Mortgage rates have increased about 0.75% since the election.

Most economists expect rates to increase another 0.5% by year-end.

I am watching mortgage rates closely and will continue to keep my customers updated as to where the experts think they are heading.

Posted on March 17, 2017 at 5:43 pm
Rondi duPont | Category: Blog, Fort Collins Real Estate, Fort Collins Realtor, Fun Facts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Results Are In!

You’ve probably heard that prices are up in Northern Colorado

Another source just confirmed this.

The Federal Housing Finance Authority recently released their quarterly report on 260 metropolitan markets across the country.

Get this, Colorado has 4 cities ranked in the top 15 for yearly price growth. 

Northern Colorado is well-represented on this list.

  • 11th Fort Collins/Loveland
  • 12th Greeley
  • 15th Boulder

By the way, Denver is 14th. And in case you are wondering, Palm Bay Florida is ranked 1st.

All of the Northern Colorado cities have had just over 10% appreciation in the last year meaning that prices are growing at about double the long-term average.

To receive a copy of the full FHFA report, simply email me at rdupont@windermere.com and I will get one in your hands right away.

Posted on March 14, 2017 at 7:27 pm
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