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Blog More Normal Range The length of time that it takes for a property to sell is settling into a more normal range. “Days on Market” is an insightful statistic that counts how long it takes for a property to go from live on the market to sold. Today measurement stands at 72 days in Larimer County and 74 […]
Blog Out of the Gates How is the year starting? All of us in the real estate industry are especially curious to see how 2024 is starting off after the first slow real estate year in a long time. Rates have settled down and are trending down. Prices have shown resilience and continue to go up. But, how about transactions? […]
Blog Price Plummet For anyone waiting for home prices to drop before making a buying decision, there is good news. The recent plummet in mortgage rates means that home prices, effectively, just took a big dip. Rates have gone down by 1% in the last 45 days which means that a prospective home buyer’s payment is 10% less […]
Blog Inventory in Perspective A significant dynamic in the Front Range market is the relatively low inventory. This is the main reason why prices are stable despite higher rates. Here is some perspective on the inventory of homes for sale to help give some context. Today’s inventory is: Half of the long-term average going back 30 years ¼ of […]
Blog Most Surprising News The most surprising piece of news for our friends and clients is that prices are essentially flat compared to last year.  People find that surprising given what interest rates have done over the last 18 months.  They wonder, how could prices not fall significantly after interest rates jumped considerably? The answer is the fundamental economic […]
Uncategorized Highly Active In addition to tracking the average price for sold properties, it is also interesting to track the average price for active properties. Asking prices are up across all markets when compared to the same time last year. Here are the average list prices for residential properties along the Front Range: Larimer County = $893,000 (8% […]
Blog A Rate-Induced Pop The recent drop in mortgage rates triggered a measurable uptick in sales activity. So far through the first 10 days of November, pending activity in Northern Colorado is up versus the same 10 days last year. This is despite interest rates being higher than they were last year. Mortgage rates just had their biggest one-week […]
Virtual Tours Exquisite Ranch-Style Home in Water Valley South Discover 175 Halibut Drive, an exquisite ranch style home in Water Valley South showcasing 3 bedrooms and 3 bathrooms. This home has been updated throughout and will not disappoint. The main level includes a separate office with double doors ideal for remote work or personal projects. The living room is adorned with a charming fireplace, […]
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Blog Net Worth Surge Net worth surged for American families during the pandemic era, largely because of increased home values based on the Federal Reserve’s Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. […]
Blog Increasing Reductions More and more sellers are having to reduce their listing price. Nationally, 37% of all home sellers have recently had a listing price reduction. This is according to a recent report from Altos Research. This is up from 30% in May and is now at the second-highest level since 2018. The highest it has been […]
Severance Real Estate Comfort + Convenience in Severance Welcome to 247 Castle Drive, where sophistication blends seamlessly with practicality! This impressive 2 story home showcases newly finished floors on the main level, highlighting stylish LVP flooring that combines aesthetics with durability. The kitchen features stainless steel appliances, upgraded cabinets, and a large island, perfect for entertaining in the open concept floor plan. Boasting […]
Blog $44 Trillion Have you ever wondered how much all of the residential real estate in the U.S. is worth? It’s $44.5 trillion. That’s 44 with 12 zeroes after it. This data comes from the Federal Reserve’s Quarterly “Z.1” report. The total valuation increased by $2.4 Trillion over the last quarter and is essentially flat compared to one […]
Fort Collins Real Estate Charming Mid Town Ranch Style Home Welcome to 2724 Worthington Ave, a charming 3 bedroom and 3 bathroom ranch style home nestled in Mid Town. Enjoy sitting next to the wood burning fireplace in the winter or relaxing in the finished basement with wet bar on a hot summer night. Situated on approximately 1/3 acre lot, this property boasts ample space […]
Fort Collins Real Estate The Perfect Blend of Elegance + Natural Beauty Discover the perfect blend of elegance and natural beauty at 5332 Castle Pines Ct in Southridge Greens! This impeccable home boasts a recently upgraded kitchen with quartz countertops, stainless steel appliances, custom cabinetry, and a center island for meal preparation and casual dining. The lush, mature landscaping provides privacy and a serene backdrop for outdoor […]
Uncategorized UPS AND DOWNS Here is a look at how the market performed in August versus August 2022   Prices: Larimer County Up 4% Weld County Up 8% Metro Denver Up 6%   Transactions: Larimer County Down 18% Weld County Down 31% Metro Denver Down 15%   Inventory: Larimer County Up 18% Weld County No Change Metro Denver Down […]
Blog Where It’s At New Homes are where it’s at. By ‘it,’ we mean inventory. Given low supply of existing homes, home buyers have figured out that new homes offer an effective place to find homes for sale. Here are the stats… Inventory of existing homes is down 7.7% year over year. And, last year’s inventory was historically low. […]
Blog PROTESTING! The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles. Property owners filed at least 308,298 protests with Colorado’s 64 county assessors this year, which compares to an average of 103,000 annual protests in the last three assessment […]
Fort Collins Real Estate Timeless Elegance + Modern Updates This immaculate 4 bedroom, 3 bathroom 2 story home showcases a harmonious blend of timeless elegance and modern updates. At 6507 Westbourn Circle, you can step inside to the open floor plan, which is perfect for entertaining. The remodeled kitchen is sure to impress any chef with the extended island, ample cabinets and functional layout. […]
Blog Showings to Sell How many showings will a property have before it sells? In Northern Colorado, the answer is eight. This is according to our local MLS system called IRES which tracks the median number of showings a property has before going under contract. This information is valuable to sellers so they can have realistic expectations while starting […]
Blog Higher Better The higher-end market in Northern Colorado, in terms of number of closings, is faring better than the overall market. When we look at the number of homes selling today and the price point of those homes, properties priced above $1,000,000 are performing better than the market as a whole. The number of closings occurring now […]
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