Homecoming Win!
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Townhouses and Condos – A Look At The Market
We spend a lot of time talking about single family detached homes, but attached dwellings like townhomes and condos make up a sizable piece of the Northern Colorado real estate market. First time homebuyers, buyers wanting less maintenance or a “lock and go” lifestyle will typically look at this market first. In Fort Collins alone we have seen a 13.5% increase in Median Sales price of attached dwellings to $275,000. It is a good time to be a seller in this market as the average price received is OVER 100% of the listing price. There are also more of these properties selling, mostly because so many sellers that bought these properties 2 or more years ago have SO MUCH appreciation and equity that now is the perfect time to sell and buy a single family home in a higher price range. There certainly are not more of these currently being built. BUT, that will change over the coming years because of the great Bill that was passed at the state level that allows builders to start building these attached properties without fear of outrageous litigation (this is more commonly referred to as the Construction Defects law, if you need more of a rundown on this CLICK HERE or give me a call!).
So whether looking to purchase one of these types of homes or you would like to know how much yours has appreciated recently, please feel free to reach out to me!
Fort Collins – As Stable As It Gets!
We have been saying it for years, and so have the experts! Real Estate in Fort Collins is a stable investment that does not suffer from a bubble environment (think Vegas and Miami). The combination of a stable employment base (high tech, Colorado State University, service industry and the HUGE beer industry), increasing population growth, and limited new home building opportunities all lead us to a great place to invest in real estate. Whether it is for your own home or rental properties, we have seen a steady increase in rents and in values over the last 10 years. Check out the link to the Realtor.com article below that talks about how Fort Collins is the #1 stable market in the country!
Realtor.com Article On Fort Collins
If you have any questions about real estate or investing in our Northern Colorado market, please give me a call or shoot me an email. I look forward to hearing from you!
Why Do Sellers Get Sued?
Want to know how I can help you mitigate risk when it comes to selling your home? Check out the video below to learn more!
The New Gardner Report!
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