Short vs Long

by Rondi duPont

There are short-term questions about real estate and there are long term questions about real estate.

Clients often have short-term questions like…

How much will prices go up next year? Should I sell my house this Fall or next Spring? Will interest rates go up next week?

We encourage our clients to evaluate those questions in the context of the long-term. There are decades of data on the Northern Colorado market which reveal certain patterns.

When we show our clients these patterns they feel confident and secure in the investment they have made into their home and their rental properties.

For example, the long-term appreciation rates based on up to 41 years of research are as follows:

Larimer County = 5.36%
Weld County = 4.25%
Metro Denver = 5.56%

So over the course of a year prices may go up a lot or go up a little, but in the long term they will stay true to these long term averages.

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

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • October 22, 2017

Inventory is UP!

by Rondi duPont

For the past few years the hot topic in Northern Colorado real estate is inventory, or more specifically, lack of inventory.

Based on our current research, it looks like this trend is reversing.

Let’s look at the increase in inventory in our major markets versus a year ago…

Fort Collins up 28%
Loveland up 4%
Windsor up 37%
Greeley up 5%

This increase in is very good news for prospective buyers as now there are more homes to choose from.

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

Northern Colorado Real Estate • October 18, 2017

Custom Home With Impeccable Panoramic Views

by Rondi duPont

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Featuring 4 Bedrooms, 5 Bathrooms And Beautiful Rustic Finishes

Peaceful mountain living awaits you in the gated Buckhorn Ranch. Gorgeous custom home has impeccable designer finishes. Brick detail throughout compliment rustic mountain features. Gourmet kitchen, theater room and beautifully finished walk-out basement make this a true entertainers dream. 4-car attached garage and 2-car detached garage w/ potential for private apartment possible. Enjoy wildlife and views from this 3 acre mountain property close to downtown Fort Collins and Horsetooth Reservoir.

For more information, please visit: https://rondidupont.com/listing/68265251 or call Rondi duPont at (970) 460-3033.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • Northern Colorado Real Estate • October 6, 2017

Price Per Square Foot

by Rondi duPont

At some point this weekend it’s likely you will make a stop at the local grocery store. When you are there you might pick up some produce. That produce, as you know, is priced by the pound.

Homes, aren’t priced by the pound of course. But they are priced by the foot.

An interesting way to examine an entire real estate market or a specific home is to look at the price per square foot.

For example, right now our company has a 2,470 square foot home right on the water in Seattle listed at $4,995,000. That comes to $2,022 per square foot.

Meanwhile, we also have a 2,549 square foot home for sale in Timnath priced at $445,000 which is $175 per square foot.

Price per foot is driven by many factors the most important ones being location and finishes.

Here is the average price per foot for our main markets across Northern Colorado:

Fort Collins = $181
Loveland = $160
Greeley = $126
Windsor = $136

If you would like to know what your home is worth, per square foot, contact me and I will get that information into your hands right away.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • Northern Colorado Real Estate • September 29, 2017

Memory Lane

by Rondi duPont

Today we will take a fun trip down memory lane.

Did you know that it was the fall of 1981 when mortgage interest rates hit their all time peak? Yes it was this time 36 years ago when 30-year mortgage rates hit 18.39%

Yikes!

It’s important to note that in those days, not many home buyers were opting for a 30-fixed loan because rates were so high. There were a lot of people looking at adjustable rate products as a way to reduce the monthly payment.

Just for fun, let’s look at what a monthly payment would look like if those same rates from 1981 existed today.

If rates were 18.39% today, a $350,000 home with a 20% down payment would have a monthly principal and interest payment of…

$4,309! Yikes!

Thank goodness rates aren’t that high today. They are actually about 15% lower!

Today’s 30-year rate sits at 3.83% (which by the way is roughly half of the long term average).

A monthly principal and interest payment on a $350,000 home with 20% down is…

$1,309. Three thousand dollars lower than it would be using 1981 ‘s rates.

For a detailed look at what’s happening across Colorado, request our quarterly market report called “The Scoop.”

Northern Colorado Real Estate • September 28, 2017

Gorgeous 2-Story With Main Floor Master

by Rondi duPont

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Featuring 4 Bedrooms, 4 Bathrooms And A Beautifully Landscaped Yard!

Gorgeous 2-story brick home with a main floor master awaits. This 5 bedroom home is situated on an expansive corner lot, with a beautifully landscaped fenced yard. The home boasts an open floor plan with vaulted ceilings, 4 additional bedrooms and a loft. Separate dining room can also be utilized as the perfect home office. The extended covered back patio offers mountain views and plenty of room to entertain. All within the proximity to the pool, exercise room and clubhouse make this home a true gem.

For more information, please visit: http://windermerenoco.com/listing/67448430 or call Rondi duPont at (970) 401-0123.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • Northern Colorado Real Estate • September 27, 2017

Luxury Living

by Rondi duPont

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Here are the top 5 most expensive home sales in Northern Colorado so far this year…

$3.3 Million – a 16-acre estate near Pinewood Reservoir with 6 bedrooms, 8900 square feet, and black walnut floors
$2.2 Million- a 9300 square foot home on 5 acres in Hidden Valley estates near Loveland
$1.9 Million – a 8100 square foot home in the Harmony Club
$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
$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.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • September 15, 2017

Greeley’s Major Milestone

by Rondi duPont

The Greeley market is about to hit a major milestone.

We project that in the first quarter of 2018, the average price for a single family home in Greeley will surpass $300,000.

Today the average price sits at $289,870.

Just a year ago it was $262,828.

Guess when Greeley broke the $200,000 barrier? It was only about 3 years ago in June 2014.

So what ‘s going on?

Double-digit price appreciation is being fueled by a healthy Northern Colorado economy, low interest rates and local affordability. Greeley prices can look really attractive compared to Fort Collins.

We don’t see anything on the horizon that will significantly change the trajectory of the Greeley market. It is a fundamentally a very strong place to own real estate.

For a detailed look at what ‘s happening across Colorado, request our quarterly market report called “The Gardner Report“, written by Windermere Real Estate’s Chief Economist, Matthew Gardner.

Northern Colorado Real Estate • September 11, 2017

Iconic Tudor Home With Lots Of Charm

by Rondi duPont

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Featuring 5 Bedrooms, 2 Bathrooms And A Breakfast Nook!

Truly iconic charm, this Greeley home is an architectural dream. Built in 1946, this brick home boasts coffered ceilings and unique archways throughout. A beautiful wood door with an artist designed stain glass window, invites in both owners and guests. When in the home, you will be amazed by the spaciousness. The gorgeous breakfast nook will be a favorite place to enjoy your coffee, while looking out the numerous windows to your beautiful flower gardens. Don’t miss seeing this home, a true gem.

For more information, please visit: https://rondidupont.com/listing/66475515 or call Rondi duPont at (970) 460-3033.

Northern Colorado Real Estate • September 11, 2017

Storybook Home With High Quality Finishes

by Rondi duPont

Featuring 3 Bedrooms, 3 Bathrooms And An Indoor/Outdoor Fireplace!

Better-than-new! Wood floors have been added, granite countertops, built-in desk added, full unfinished WALK-OUT basement for future expansion. Three season covered deck features indoor/outdoor fireplace. Energystar 3.0 construction. Easy/quick commute to I-25. All kitchen appliances stay. Windermere Certified Listing!

For more information, please visit: http://windermerenoco.com/listing/66443689 or call Meagan Griesel at (970) 460-3033.