How Much Inventory Is Out There?

flag-28562_1280.png

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! 10,000 Short

Northern Colorado isn’t the only place with limited inventory.

Metro Denver is short by 10,000 listings.

The average number of homes for sale for this time of year in the Denver area, going all the way back to 1985, is 14,309.

Right now there are 4,084 residential properties on the market. This is a difference of 10,225 listings compared to the long-term average.

The peak was 2008 when there were 25,037 listings. The lowest year was last year with 3,878 (a drop of 21,159 in 9 years?!).

The good news for buyers is that inventory is up 5% compared to last year. Another piece of good news is that the Spring tends to produce the highest amount of inventory for buyers to pick from.

Posted on March 9, 2018 at 7:21 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , ,

Windermere Market Forecast

I want to thank everyone that was able to make it to our Market Forecast last week, we all really appreciate it! If you would like to get the powerpoint presentation or would like a rundown from the event, please give me a call or shoot me an email. Or if you would like to know more about the market activity in your neighborhood or the value of your home specifically, let me buy you lunch and we can talk more about it!

 

Posted on January 21, 2018 at 6:23 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , , , ,

2018 Market Forecast

Happy 2018, I hope the year is starting off wonderfully for you! As we start the year, you might be wondering, “what is going to happen in the Northern Colorado real estate market this year?” The good news is, we have an answer! We will be hosting our Annual Windermere Real Estate Market Forecast again this year, on January 18th at 5:30pm at the Marriott in Fort Collins. If you would like to attend, check out the website at www.WindermereForecast.com.

In the meantime, check out what the Windermere Economist, Matthew Gardner (who will be speaking at our Forecast event), has to say about the national market and economies below. I look forward to a fantastic year with you!

Posted on January 7, 2018 at 5:58 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Investment, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , , ,

Luxury Leaps

One of my favorite sources of data is the Fort Collins Board of Realtors monthly market report. Their newest release of information showed some interesting numbers on the luxury market and a confirmation of other statistics we are tracking.

The Luxury market is way up over last year.

In the greater Fort Collins area over the last 12 months, sales of single family homes priced between $1 million and $2 million, have leaped up 79% over last year. 24 total sales last year compared to 43 this year.

I included a screen shot from the report below…

I will take a deeper dive and closer look at the luxury market across all of Northern Colorado in our upcoming December Windermere Report (if you don’t already receive this monthly printed newsletter in your mailbox, let me know and I will add you to the list. Just contact me HERE.) 

Quarterly Market Report
Posted on November 20, 2017 at 2:13 pm
Paul Hunter | Category: About the area, Buyer Tips, Fort Collins Real Estate, Loveland Real Estate, Real Estate, Seller Tips, Wellington Real Estate, Windsor Real Estate | Tagged , , , , , , ,

Windermere Symposium!

I was lucky enough to spend most of last week in Seattle for the yearly Windermere Conference called the Windermere Symposium. We were able to learn from many different masters in the business and economics, and will be able to use those tools and skills to help all of my clients even more efficiently!

And even more importantly, if you are planning on a move to anywhere in the Western United States, I have many different contacts that can help you or any friends or family members purchasing or selling outside of Colorado. If you need any help finding a Realtor in any of the 11 states we have a presence in I can help!

Posted on October 9, 2017 at 3:08 am
Paul Hunter | Category: Buyer Tips, Real Estate, Seller Tips | Tagged , , , , , ,

New Big Commercial Project Coming To Old Town Fort Collins

While we see redevelopment of a lot of the buildings and areas in Old Town, one is already taking orders from tenants for space and it has not even broken ground yet! The Exchange will be a mixed use commercial development at the corner of Riverside and Walnut in Old Town Fort Collins, and will be built using old shipping containers (a more and more popular type of construction believe it or not!). It will deliver just over 30,000 square feet of office, retail, and restaurant space to the area.

If you have questions about this development or anything else going on in the Fort Collins or Loveland areas, feel free to give me a call!

Posted on June 26, 2017 at 1:18 pm
Paul Hunter | Category: About the area, Fort Collins Real Estate, Real Estate | Tagged , , , , ,

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!

Posted on June 12, 2017 at 1:12 pm
Paul Hunter | Category: Fort Collins Real Estate, Real Estate, Seller Tips | Tagged , , , , ,