Come see 4336 Carlyle Ln in Wellington, CO! This recently built home is on a great lot with privacy behind. Walk into the grand living room and well-appointed kitchen to experience the very open floorplan. There is an office on the main level if you work from home. Modern colors throughout, large master bedroom with a gorgeous master bathroom retreat. It even has a new roof! Call for your private showing at (970) 673-7285 for more information or click the link below for more details.
As we hit the middle of the year, it is good to look not only back at where the market has been, but forward to where the market is going. There are several interesting factors at the moment that make this a slightly different market than it was 5 months ago, but the big things to keep an eye on for both Buyers and Sellers are:
- Interest Rates
- Housing Starts (new construction)
- Days on Market
Interest Rates remain low for the time being, and this is an opportunity for both Buyers and Sellers. Low interest rates make payments more affordable for Buyers, but also make it so that Buyers qualify for more home for their buck making it easier for Sellers to realize higher sales prices. As we start to see interest rates increase towards the end of this year and heading in to next year, this opportunity will slow down for EVERYONE in the market.
Housing Starts are actually down in Colorado right now (even thought it seems new construction is everywhere!), which means we most likely will continue to see a shortage of new homes, driving more Buyers to the resale market keeping that inventory tight. As construction defects legislation allows builders to build condos and townhomes though, hopefully we will see more of those start to come down the pipeline. We’ll keep an eye on that for you.
As you can see below (information from the Fort Collins Board of REALTORS), for the Fort Collins area Days on Market has decreased by 8.7% for single family homes, indicating Buyers are still out there wanting homes!
You can also see that we are seeing increasing inventory though, but 13.3% which means there is a little bit more for Buyers to look at, good news to those who have been making offers and losing out.
So opportunities exist for both Buyers and Sellers in this market, and there are pockets that have more strength for one party or another. If you are interested in learning more about the market you may be interested in buying in or have a home to sell and want to see what that looks like for your particular area, please give me a call or shoot me an email. Thank You!
So at the moment we keep hearing about a lack of inventory in Northern Colorado. While this is true, we are certainly at super low levels that make it tough for buyers, I have been lucky enough to have a good number of listings this summer. As we head in to the end of summer I want to make sure that everyone out there knows about the listings that I do have, in case they are the right opportunity for you.
7304 McClellan Road in Wellington: This home built by GJ Gardner Homes of Loveland is a 3 bed 3 bath home with a 3 car garage (lucky number 3!) It is a BRAND NEW construction home ready to move it, and priced at $319,360.
7326 McClellan Road in Wellington: This is another BRAND SPANKING NEW home by GJ Gardner Homes of Loveland, with 3 bedrooms, 2 baths, and a 3 car garage. It is a ton of square footage, and a lot of upgraded finishes. It is listed at $391,515. (For some reason the Windermere site isn't pulling the photos, so call me and I'll show it to you!)
300 Shore Court in Terry Shores in North Fort Collins: This one of a kind home has been remodeled, and has Terry Lake rights! 5 bedrooms, 4 bathrooms, and over 4,000 square feet with views that are almost impossible to beat! Come check this beauty out, listed at $635,000!