How Much Inventory Is Out There?

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We talk about it all the time, as Buyers we worry about it and as Sellers (who need to buy) we worry about it. But what do the numbers really look like?

Well, over the last 3 years in Fort Collins we have ranged between 1.11 months and 2.17 months of inventory over all of the price ranges. The National Association of REALTORS data suggests that a balanced market is when there is 6 months of inventory, so we have been in a “buyer’s market” for a while. Right now, we have the lowest level of inventory available in that 3 year span at 1.07 months of inventory in Fort Collins.

While that can sound daunting to a buyer, remember that the interest rates have already started to increase, so with that will come higher payments for the same loan amount. Combine that with the appreciation that is sure to continue to come due to the low inventory, you will ABSOLUTELY be paying more on a monthly basis for the same home 6 months or a year from now. It puts the search in perspective, and makes the competitive market worth while for you to buy now based on the numbers.

If you have any questions about where our data shows the Northern Colorado Real Estate market going, feel free to get in touch with me. Have a great week!

Posted on May 21, 2018 at 4:13 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Real Estate, Seller Tips | Tagged , , , , , , , ,

Friday Fun Facts! I-25 Edition

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Relief on The Way!

There is good news and bad news.

The good news is I-25 traffic relief is on the way. The bad news is we will have to live through three summers of construction before it’s done.

Did you know the 26 miles between Highway 14 in Fort Collins and Highway 66 in Longmont Interstate 25 serves more than 45,000 cars per day? Wow!

Part of that stretch of interstate will get a third lane starting this summer. Construction is set to begin next month that will add a third lane between Highway 14 and Highway 402.

The project is happening 14 years ahead of schedule thanks to additional funding from several sources including the Cities of Fort Collins and Loveland. The first step we will notice is construction on the I 25/Highway 34 intersection.

This is great news for our region that will bring much needed relief. We will all just need to be a little patient while the work is being done.

Grab a copy of my Investment Kit so you can see the simple steps to get started without stress or complication. Email me at phunter@windermere.comand I will send you a video which clarifies the process and my Investment Checklist so you can see what to do first.

Posted on May 18, 2018 at 1:03 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Seller Tips, Windsor Real Estate | Tagged , , , , , , , ,

Friday Fun Facts!

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Top 4/Bottom 4

At the end of this weekend College Basketball’s Final 4 will be established. It might make you wonder, what the top 4 and bottom 4 real estate markets across the country?

Here they are, ranked by the last 12 months of appreciation according to fhfa.gov:

Top 4:

  1. Tacoma, WA 14.6%
  2. Seattle, WA 14.3%
  3. Port St. Lucie, FL 13.7%
  4. Las Vegas, NV 13.6%

Bottom 4:

  1. Atlantic, NJ -3.14%
  2. Peoria, IL -3.0%
  3. Huntington, WV -2.6%
  4. Jackson, MS -1.2%

Welcome to Friday Fun Facts!

Thanks for checking out this week’s Friday Fun Facts!

These little nuggets of information are designed to inform, education and entertain you. I promise to give you some solid takeaways, based on real life with information that will keep you up-to-date. CONTACT ME FOR MORE MARKET INFO

Posted on March 23, 2018 at 1:31 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Homes for Sale, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,