Severance Real Estate • Virtual Tours • September 21, 2023

Comfort + Convenience in Severance

by Rondi duPont

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 a 3-car garage, this property provides abundant space for all your parking and storage needs. Step outside to the inviting covered deck and stamped concrete patio ideal for year-round enjoyment. Inside, you’ll discover a versatile loft space and a separate office, perfectly suited for remote work or creative endeavors. With 4 generously sized bedrooms and 3 contemporary bathrooms, this home effortlessly harmonizes comfort and convenience, making it the ultimate place to call home. Call (970) 401-0123 to schedule a private tour or click here for more information.

Blog • Fun Facts • September 15, 2023

$44 Trillion

by Rondi duPont

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 year ago.

In total, liabilities on residential properties (mortgages, equity loans, etc.) is $12.9 trillion.

So, collectively, residential property owners in the U.S. have a 71% equity share and owe 29% of the value.

Fort Collins Real Estate • Virtual Tours • September 14, 2023

Charming Mid Town Ranch Style Home

by Rondi duPont

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 for outdoor activities and entertainment. The expansive yard provides endless possibilities for gardening, hosting gatherings, or simply reveling in a little elbow room. There are 2 sheds in the backyard offering additional storage space for tools, equipment, or recreational items. These sheds are perfect for those who enjoy pursuing hobbies or need extra room for storing belongings. The roof was replaced in 2018 and the furnace and air conditioner were replaced in 2017. There is NO HOA OR METRO TAX. Don’t miss your chance to make this lovely property your own! Call (970) 401-0123 to schedule a private tour or click here for more information.

Fort Collins Real Estate • Virtual Tours • September 11, 2023

The Perfect Blend of Elegance + Natural Beauty

by Rondi duPont

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 gatherings on the newly rebuilt and extended deck. The majority of the windows and the glass sliding door have been replaced with the Pella fiberglass windows and door, letting natural light flow through the home. Enjoy the comfort of the spacious primary suite with vaulted ceilings. The basement is finished perfectly for a theatre setup allowing guests to spread out throughout the home. Located in a sought-after neighborhood with easy access to amenities, dining, parks, and schools, this home offers a rare opportunity for luxurious living in a golf course community. Don’t miss out! Call (970) 401-0123 to schedule a private tour or click here for more information.

Uncategorized • September 4, 2023

UPS AND DOWNS

by Rondi duPont

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 4%

Blog • Fun Facts • August 28, 2023

Where It’s At

by Rondi duPont

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.

Meanwhile, sales of new homes rose 4.4%. This increase was much more than most analysts expected.

New Homes are where it is at.

Blog • Fun Facts • August 21, 2023

PROTESTING!

by Rondi duPont

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 cycles in 2021, 2019 and 2017.

The increase was due to the amount values increased from this valuation period versus the last one. This was because the time frame considered for comparable sales, July 1 2020 to June 30 2022, was arguably the most robust real estate market in our lifetime.

Fort Collins Real Estate • Virtual Tours • August 11, 2023

Timeless Elegance + Modern Updates

by Rondi duPont

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. Situated on the main level, the primary bedroom ensures easy accessibility and flows into the beautifully refinished primary bathroom with freestanding tub and gas fireplace. The sunroom off of the kitchen provides a perfect spot to relax, entertain, or indulge in your hobbies year-round while basking in the natural light. Pride of ownership definitely shows throughout this home. The Seller has meticulously updated multiple features of this home. Be sure to download the additional features page on the MLS to see all the details. This charming home promises a lifestyle of comfort and convenience. Don’t miss out! Call (970) 401-0123 to schedule a private tour or click here for more information.

Blog • Fun Facts • August 11, 2023

Showings to Sell

by Rondi duPont

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 the process of selling their home.

It is also a useful guideline to gauge if a property is priced correctly. If a home has had more than eight showings but is not under contract yet, there may be an issue with the price and/or condition.

Counterintuitively, this statistic is lower today than it was in the hot market of 2021. Back then the median was 12 in Larimer County and 10 in Weld County.

The reason why it was higher then, even though the market was stronger, is because there were many more buyers looking at properties. Back then there were so many buyers that many homes only allowed 15-minute showing windows in order to accommodate all of the people who wanted to see homes.

Blog • Fun Facts • July 28, 2023

Higher Better

by Rondi duPont

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 compared to this same time last year is down 30% overall. But, the high-end market is only down 19%.

When we look further back in time, the data gets even more interesting.

Compared to 2021, Closings today are down 55% overall, but high-end sales are up 26%.

And compared to 2020, there are 59% fewer closings and 160% more high-end sales.

We believe there are two reasons for this dynamic.

First, because of price increases over the last few years, the stock of inventory today includes more $1,000,000- plus homes than the past.

Second, the high-end buyer is less affected by higher interest rates than the general population. And, certainly less affected than first-time buyers.