As we come to the end of July, I thought it would be helpful to show you where we are in this market that you may have heard is "crazy" or "hot" right now. It is true we do have a lot of activity on homes in the under $350,000 mark right now (right at 2 months worth of inventory, and the NAR stats show that a "balanced market" should be at 6 months of inventory). Only 45 homes are available in all of Fort Collins under $350,000. I have helped many sellers this year list homes in that price range so they could move up in to larger homes as their families grow or take advantage of the HUGE equity that their homes have increased by to purchase the home that they have always wanted.
The fun thing is you can sell in a "seller's market" in that lower price range, and then buy in a more balanced or even "buyer's market" depending on how much higher in price you can be looking in. Over $500,000 in Fort Collins is at DOUBLE the inventory with about 4 and a half months of available inventory, and over $750,000 there is about 19 months of available inventory.
Those numbers outline not only the opportunities that exist in the higher price ranges, but also the need for a full comprehensive marketing plan like the Windermere Certified Listing Process when you have a high end home to sell.
If you would find it helpful to know how much equity you have in your home, please contact me for an Equity Snapshot that will show you what financial position you are in with your home.