Luxury Market Spotlight

by Rondi duPont

So how’s the luxury market? Let’s look…

Today there are 88 single family homes for sale in Larimer and Weld County priced at $1 Million and above.

Over the last year, 63 of these properties have sold.

This means it would take 17 months to sell all of these luxury properties at the current pace of sales.

Where do most of these sales occur? The most active city is Fort Collins with 18 luxury sales followed by Loveland with 13.

The most active neighborhood in all of Northern Colorado for luxury properties is the Harmony Club in Timnath with 8 sales.

Windermere Real Estate is proud to have represented the most expensive home to sell in Northern Colorado in the last two years – a $2,800,000 property in the Harmony Club which featured a gourmet French Kitchen, reclaimed barnwood floors and handmade peg wood beams.

Contact me to learn more about our Premier Properties program which is custom designed to sell luxury homes.

Blog • Fort Collins Real Estate • Fort Collins Realtor • February 28, 2017

Northern Colorado Real Estate Forecast

by Rondi duPont

Spring selling season is right around the corner. We are seeing the activity buzz starting already in the market. If you missed our Forecast event we held in January, we have put together a quick recap video for you to review. Click on the video below to hear more!

Additional questions? Let me know!

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • February 24, 2017

Is Fort Collins the Next Boulder?

by Rondi duPont

The hottest question we get in Northern Colorado is this “do you think Fort Collins is the next Boulder?”

Let’s look closely at that question and start with what is similar. They are both beautiful college towns nestled against the foothills. They both have affordability issues which push real estate buyers to satellite communities (what is happening is Wellington is not unlike what happened in Louisville).

Yet there are differences at a fundamental level that will forever keep these two places very different from each other. For example, the average Household Income in Boulder is 60% higher than Fort Collins. Here is another big deal, Boulder is only half the size of Fort Collins (25 square miles versus 57 square miles). And get this, the City of Boulder owns 71 square miles of open space in and around the City.

Essentially Boulder is a small island surrounded by an ocean of open space inhabited by very high income-earners. That is why the average price of a single family home in Boulder is now over $1 million.

We put together a short video which shows you more detail about this hot question. You can watch it here:

Blog • Fort Collins Real Estate • Fort Collins Realtor • August 24, 2016

August Housing Report

by Rondi duPont

Low housing supply continues to be the headline for the current market conditions. Curious to see the full picture of what the Real Estate Market in Northern Colorado did last month? Click HERE to get the full report.

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • August 15, 2016

The Estes Park Mountain Market

by Rondi duPont

With fall right around the corner many of us will be trekking up to Estes Park to see the Aspen leaves turning.

As you drive through Estes you may wonder "how's the mountain market?"

Here are some fun facts about real estate in Estes Park.

The average price today is $394,046 – not that different than Fort Collins.
Average prices have gone up $60,000 in the last three years.
Their market has about 300 sales per year- roughly a tenth of the amount in Fort Collins.
If you were looking for a home in Estes between $300,000 and $500,000, you would have 15 to choose from.

Now you know about the Mountain Market!

Blog • Fort Collins Real Estate • Fort Collins Realtor • Fun Facts • August 8, 2016

Door Opens for Buyers

by Rondi duPont

After a very active (to say the least) spring and summer, the door has now opened for buyers in our market.

Buyers who were frustrated during the first half of the year with low inventory and bidding wars now realize a better environment. It's time to step off the sidelines and take a fresh look at what the market has to offer.

The first piece of good news is that rates have dropped to near all-time lows. Rates today are 0.6% lower than they were on January 1st. What this means on a $400,000 home with a conventional loan is a monthly savings of $110!

The second piece of good news is that inventory levels are coming up. There are more homes on the market to pick from and lower demand because of seasonal slowing. Months of inventory in Larimer County markets have bounced up 20% to 33%.