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New Old Town Listing!
I just listed this great 3 bedroom Old Town home on Laporte Avenue for $350,000. It is currently rented through July of 2019, and has a big lot with alley parking. A living room fireplace, wood floors, and beautiful backyard entertaining space make this one attractive home! Interested in taking a look? Give me a call!
1015 Woodford-New Listing!
The home that my wife and I have lived in for 9 years is officially on the market! It is listed for $364,900, and is a 3 bedroom 2 bath 2,228 square foot home in Old Town Fort Collins. It is located only 3 blocks to City Park. Wood floors on the main level, remodeled kitchen, and original cool touches throughout make this a great home. Full basement with conforming bedroom, an office and 2 full bathrooms have been plenty of space for us over the years. 
Mature trees, lawn sprinkler system on the front and side yards (synthetic turf backyard great for dogs), make this a low maintenance Old Town property.
We hope that the next owners will love this property as much as we have, and it is ready to move in to today! Call me if you have any questions, or know of anyone that is interested in living in Old Town Fort Collins!
June KEVCO Newsletter
If you are interested in what is going on here in the Fort Collins real estate market click the link below!
February 2012 KEVCO Newsletter
Check out this month’s newsletter and learn about the current Fort Collins real estate market!
Investment Inventory LOW!
I have to apologize for the hiatus I’ve taken from writing here, it’s been a busy summer for Fort Collins investment real estate. We have pushed over the 300 unit mark at KEVCO for the number of properties we manage, and we have had investors picking up multiple properties this summer.
The issue that we are running into now are there are just not enough investment grade properties on the market in the Old Town and Colorado State University campus areas. I think the main issue is seller confidence is still relatively low, but with the number of cash buyers and out of town investors we are working with, I’d love to see A LOT more multifamily properties coming on the market. I guess it’s not a bad problem for a REALTOR to have more buyers than there are listings, but it feels like dying of thirst in the middle of the ocean!
If you know of anyone that owns or is interested in selling investment properties in the Fort Collins market, please feel free to give them my number, I’d love to speak with them.
I look forward to hearing from any and all of you!
East Side/West Side Ordinance Repealed!
Great news came on Tuesday night when the Fort Collins City Council repealed the East Side/West Side Ordinance that had been pushed through by City Council earlier this year with no thought to property rights or the opinion of the people. Through the efforts of many different groups and individuals in Fort Collins, it was brought to the City Council’s attention yet again that if this was put to a vote it would be knocked down by a huge margin. Turns out people do actually care about property rights in Old Town which is great to hear!
Although to avoid embarassing themselves further, the City Council has said that they will continue to irresponsibly spend taxpayer money on “researching” the issue. But for the time being, property rights of Old Town owners are safe.
If you have any questions about this topic please feel free to give me a call, or leave a comment below!
Good News For Real Estate?? I’ll Take It!
It looks like what we have been seeing locally in the Fort Collins real estate market is beginning to be recognized nationally. We have been seeing a downward trend in pricing (although VERY slight compared to the national numbers) here in Fort Collins, and for the last year and a half I have had investors taking advantage of this in both single and multi family properties.
If you’re looking for your next home and plan on staying in it for a minimum of five years, or a mid to long term investment property, you can be snatching up the deals my clients have been in both privately and bank owned homes. Cash flow targets are easy to hit right now on investment properties with rates still being historically low, as well as prices being pretty reasonable.
Check out this CNN Money Magazine article for more information on how the national market seems to be experienceing some of the same great opportunities that Fort Collins has been representing for years! If you’re interested in seeing my list of top investment properties in Fort Collins right now, or are looking for your next home or know someone who is, please give me a call so I can help you. Have a great week!
2011 Fort Collins Great Plates Are Back!
From March 1-14 the Fort Collins Great Plates deals are back. There are some great deals on there to restaurants that normally are a little too expensive to go to unless it’s for a special occasion (I’m looking at you Melting Pot), as well as some restaurants in Old Town that I’m sure many of you go to all the time.
Click here to check out the participating restaurants and menus. Leave a comment below if you find any that you really like!
Inventory Is Slowly Coming Back To Fort Collins Real Estate Market
It's Heating Up!
As you may or may not know, we run the KEVCO Investment Tour every week, where brokers from our office and others in the northern Colorado area preview properties in Old Town and around the Colorado State University campus that meet certain criteria. For Old Town Fort Collins, we look for homes that are priced well according to an analysis tool that we use to calculate the spread needed to buy a property, make any renovations, and sell with a margin (believe it or not, those properties may be rare but they’re still out there!). Around the CSU campus, we’re looking for properties that will have low vacancy (KEVCO historically has right around 0% vacancy for the properties we manage), decent appreciation, and cash flow/yield numbers that are appropriate for the type of property it is (i.e. single family vs multi family).
So during the winter months and until about a week ago, we were having trouble finding enough properties that were coming on the market each week to warrant having 15 brokers go out together and analyze these properties. In my opinion it was due to both the seasonality of real estate, as well as sellers thinking that it was not the time to sell regardless of what type of property you have.
We are finally starting to see inventory come back on the market, on both the investment side, as well as single family homes. This is good news for buyers who have been waiting on the fence to buy something because of a lack of homes to look at, as well as sellers who are beginning to realize that if you price your property appropriately in Old Town or around campus those buyers are pulling the trigger and they can get it sold.
If you have any questions about investing in Fort Collins or looking to purchase a home, give me a call and we can talk more about it. Have a great week!
