Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range.
- New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory
- Every product type saw an increase in starts compared to last year (single family, townhome and condominium)
- Condominiums saw the largest increase in starts by a long shot, up 112% over last year- this is excellent news for first time buyers and those looking for product in lower price ranges.
Any questions about this stuff? Give me a ring or shoot me an email and I can buy you a cup of coffee!
You may hear how the market is still blazing fast and homes are selling in just days, and you may hear that the market is slowing down and it is becoming more normalized. Here’s the truth……both of those statements are true! We essentially have a tale of two markets in Fort Collins, the one under $500,000 and the one over $500,000. Check out the graph below to see how quickly homes are selling in the market UNDER $500,000.
Now check out what the average days on market over $500,000 in Fort Collins looks like, quite the difference!
This is NOT terrible news for the over $500,000 market by the way. Now more than ever it is important to stand out from the crowd if you have a more expensive home, and our Windermere Premier Certified Listing program can help you feel like you are still in the super hot market of this past spring.
If you ever have any questions for me, please don’t hesitate to give me a ring or shoot me an email. Have a great week!
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!
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!
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!
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!