One great way to compare where we are and where we might be headed is to look at the trends shown is sales over the last few years and compare that to the sales we are having so far this year. I hope this is helpful to any currently trying to understand our market. We are pretty lucky to be in Fort Collins where we have a very stable Real Estate Market with lots of demand for homes.
To Really use these stats we have to get into each price range and look the the monthly numbers are well but you can see in this chart we are selling less inventory in 2009 then we did in the past 2 years. As far as the monthly stats in our area lets look at those below .
The bulk of our current market is in the $180,000.00 to $240,000.00 price range. The median home price being about $230,000.00 in our market. I have added the Statistics for those price ranges in the last few months below. In this price ranges you can see the average home is taking only 3 months to go under contract. I have seen a few of my listings have multiple offers when priced right for the market. Fort Collins is just entering the Hot Season for selling and these Statistics make me believe it will be a great summer. If you have any Questions i love to talk Shop! Call me anytime.
Part of the Job is to look at these types of Sale Stats and Help your buyer with the process of figuring out what my home is worth and how does market play into the picture. As a number geek i love to be the guy who brings into the picture the investor mindset. I think when you are selling it is important to know what your days on Market might be so you can plan on how long this ride might take. Each Neighborhood would need to be looked at in actually listing a home but looking at the health of the overall market is also very helpful. As you can see we currently in Fort Collins are sitting on about 6.2 month of inventory. What this means is that we are a very stable market. In most Real Estate cirlce 6 month is considered the equalibrium of the market. (under 6 months of inventory favors a seller, over 6 months of inventory would mean a buyer would have more to choose from and seller would be more likely to sell cheaper to compete) If you have any questions about any of the local real estate statistics please contact me.
Hoping to have some awesome news on a project i am working on soon too! The city is greeley has been very pro-growth around the UNC area so if you have interest please call me. I have a few pocket listings in the area for up to 100,000 sq feet of Mixed use Student Housing/Retail.
I was recently shocked when i heard that my Home Town of Fort Collins Colorado did not win as the Number 1 place to live in the country. Even more shocking was we had been beat by Plymouth MN. Having spent a summer in MN i was pretty shocked to think a place where mosquito's are the size of bird and the Humidity is 120% (not to even bring into the equation where the heck are the MN mountains?)
Fort Collins Colorado is the Number 1 place to live in the country. Lets just look at a few stats to support my Re-count demand.
"Of course, this being Minnesota, winter can be brutal: January's average low temperature is about 13°F. But when the mercury plummets, the locals get busy. In February the city hosts a Fire & Ice Festival that includes mini-golf, bowling and basketball - all right on the ice."
Does this sounds like the #1 place to live in the country? I also did notice that in Plymouth you might make more money (the average Joe does) But really is 30k worth having to sweat all summer while you fight blood sucking mosquitoes the size of Baseballs and then Winters so cold that the best things to do are all ice related.
According to monstermoving.com where you can compare two cities i think the results are obvious. i was only going to use the stats that support my arguement but then i thought how much cooler it would be to be totally fair.
How the New First-Time Buyer Tax Credit Works, an article from Realtor Magazine Online, reports that under the new housing bill, home buyers who have not owned a home in the last three years will be eligible for a tax credit equal to 10% of the property up to a maximum of $7,500. The program is a loan, which home buyers must repay over 15 years at 0% interest beginning in the second year after they purchase the home. For example, a home buyer who qualified for the whole credit would pay $500 for 15 years or about $41.67 per month. The credit applies only to homes purchased on or after April 9, 2008, and before July 1, 2009. http://www.realtor.org/rmodaily.nsf/pages/News2008080402
Hope all your families and friends are safe. we have been putting together a team to go and help with Chainsaws and clean up crews. Very scary, but very nice to see how helpful people are to one another in emergency situations.
Interesting Times in Real Estate. While we sit on the bring of some really great rates and programs it sure is sad that noone needing those programs can qualify for them! What sweet irony. I personally am working a deal right now with a great buyer. He is seeking FHA lending and because of the guidelines they have his condo will not qualify for the program. (the condo needs to be larger then 700 sq feet to meet the guidelines, it is 694.15 sq feet)
While one would normally be feeling great with rates this low. it is hard to get excited for me as an investor and broker. As an investor i have tried to take advantage of these great new programs only to be turned down as they no longer will look at stated income loans. Although i have paid on time for the last 4 years i guess that is not good enough to earn an exception. While i have been able to weather this storm I don't think all are so lucky. The cause of many of these foreclosures according to the powers that be are the exploding adjustable arm loans. However by tighting the guidelines for loans so much are we not about to see more foreclosures come from those who can not refinance?
I am sure there are many schools of thought on this one. I am lucky to be in a semi-stable market. I can't imagine how this must be in a market that is going backwards like AZ.
1808 Mountain Ave (History for Sale) Location: Old Town Imagine living on Historic Mountain Ave in Fort Collins Colorado. The number one place to live in the country. This home overlooks the City Nine golf course. The Best part? This home is being built brand new! Historic looks with modern efficency! Photo Gallery Information Contact Information Marcus Valdez 970-231-0890 Pricing Asking Price: $699,900.00 Property Location 1808 Mountain Ave Fort Collins, CO 80521
Features Bedrooms: 4 Bathrooms: 3 Year Built: NEW Subdivision: Old Town Lot Size: .25 Garage Size: 2 car Square Footage: 3015 Agent Name: Marcus Valdez Broker: Got Real Estate MLS #: 562847 Attributes Appliances Range/Oven Full Refrigerator Dishwasher Sink Disposal Microwave Interior Amenities Fireplace Hardwood Floors Kitchen Island Vaulted Ceilings Basement Exterior Amenities Patio Historic
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1808 Mountain Ave (History for Sale) Location: Old Town Imagine living on Historic Mountain Ave in Fort Collins Colorado. The number one place to live in the country. This home overlooks the City Nine golf course. The Best part? This home is being built brand new! Historic looks with modern efficency! Photo Gallery Information Contact Information Marcus Valdez 970-231-0890 Pricing Asking Price: $699,900.00 Property Location 1808 Mountain Ave Fort Collins, CO 80521 Features Bedrooms: 4 Bathrooms: 3 Year Built: NEW Subdivision: Old Town Lot Size: .25 Garage Size: 2 car Square Footage: 3015 Agent Name: Marcus Valdez Broker: Got Real Estate MLS #: 562847 Attributes Appliances Range/Oven Full Refrigerator Dishwasher Sink Disposal Microwave Interior Amenities Fireplace Hardwood Floors Kitchen Island Vaulted Ceilings Basement Exterior Amenities Patio Historic
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Live in Old Town! This Amazing home is being built brand new! Live across from the City Park 9 Golf Course. This home is currently under construction! Call 1-800-873-9070 ex 3095
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Location: Old Town Imagine living on Historic Mountain Ave in Fort Collins Colorado. The number one place to live in the country. This home overlooks the City Nine golf course. The Best part? This home is being built brand new! Historic looks with modern efficency! Photo Gallery 
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Marcus Valdez 970-231-0890 Pricing Asking Price: $699,900.00 Property Location 1808 Mountain Ave
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