northern colorado: The Northern Colorado Real Estate Market 2010 - 2017
- 03/02/17 11:29 AM
The northern Colorado real estate market has experienced a fundamental shift in its structure during the last three years. Prices of homes have risen significantly over that time, driven by two factors: a lack of available inventory, and high buyer demand generated by strong regional economic growth and new jobs. As would be expected, whenever supply lags behind demand, prices are going to increase, and that is certainly visible in the graphs below.
In the last 3 years, the average price of sold homes in Fort Collins has risen 43.3%, from $240,000 in January 2014 to $344,000 in January of 2017. In … (9 comments)
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northern colorado: 2017 Housing Market Prediction - Northern Colorado
- 01/26/17 10:23 AM
If one can assume that the national economy will continue to grow as it has for the past several years, it's pretty easy to predict what 2017 is going to look like in Northern Colorado - it's a textbook supply vs. demand scenario that is essentially a continuation of what has been going on for the last 4 years.
During that time, the Northern Colorado economy has experienced vigorous economic growth from new and expanding businesses. Combined with its attractive lifestyle, new employment opportunities have led to large population gains - from 2014 to 2015, the Greeley MSA ranked 6th among the … (19 comments)
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northern colorado: The Disappearance of a Market Segment
- 05/25/16 04:23 AM
The most satisfaction and fun Mary & I have in real estate is working with first-time home buyers on a limited budget. Helping someone buy their first home - something many of them never dreamed they would be able to do - is always a warm fuzzy experience for us as well as them.
It has become much rarer in the last couple of years. With persistent low inventory, and a vigorous regional economy generating strong demand, our affordable home market has all but vanished.
Even our reporting of it has changed. Affordable used to mean under $200K. When those became scarce, we … (115 comments)
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northern colorado: The First Hundred
- 04/22/15 01:18 AM
The first hundred days of 2015 have been, um, interesting.
The market has given us a wild ride. We saw it coming - we've been watching it develop for the last two years. Inventories have been sluggish across all of northern Colorado, while demand has kept rising in response to a recovered and growing regional economy. But sometime this winter, we crossed a line into a market that no one except the new home builders can love.
Potential sellers are sitting on the fence, in spite of rising prices. We believe that their lack of interest in selling is partly because they have … (31 comments)
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northern colorado: A Window of Opportunity?
- 04/14/15 01:02 AM
If you're thinking of selling your Northern Colorado home, now is a great time. Inventory is low, demand is high and prices are rising. If your home is properly prepared and effectively marketed, it is likely to sell quickly and for top dollar.
But what are you going to do once your home is sold? That's the question that many potential sellers are struggling with. Entering this market as a buyer, you may be faced with the same low inventory, high demand and competition for homes that benefited you as a seller. This concern is probably one of the major factors contributing to … (32 comments)
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northern colorado: Northern Colorado - Checking In On Inventory
- 04/25/14 01:18 AM
It is officially spring in Northern Colorado, and we have been watching the inventory levels of homes for sale very closely. Inventory levels played a significant role in last year's market results - an imbalance in supply vs. demand, particularly in the under $300k price range, led to a strong seller's market. Multiple offer situations were common, time on market decreased significantly, and we saw upward pressure on prices.
The end of the summer saw sharp downturns in inventory in Fort Collins, Loveland and Greeley. This is a common seasonal occurrence, but with an improving regional economy and good employment … (11 comments)
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northern colorado: What's The Story? Inventory!
- 04/02/14 01:17 AM
We're just starting to get into our most active time of the year for real estate sales. For northern Colorado, the period from March to July generally defines the quality of the real estate market for that year. It is becoming very obvious that, much like 2012 and 2013, the factor that will have the greatest impact in 2014 is the amount of available inventory for sale. And this impact will be measured in how far the market tilts from a position of relative balance to one favoring - in this case with limited supply - sellers.
Demand for homes is … (15 comments)
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northern colorado: New Listings - Northern Colorado Market Trends 2010-2012
- 09/22/12 01:04 AM
For our final installment of our semi-annual series of reports on Northern Colorado* real estate market trends, this report provides a look at the trend over the past two years for new listings. There are a variety of factors that generate new listings, some directly related to the real estate market and others derivative of outside influences. In the former category are perceptions about the overall strength of the market, i.e. sellers feeling that the present time is more or less favorable for selling. In the latter category are impacts from the local, regional or even national economy - things like … (7 comments)
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northern colorado: Market Trends - Northern Colorado Days On Market 2010-2012
- 09/21/12 05:16 AM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report shows what's been happening with average days on market. This indicator gives us a look over time at a useful measure of market performance - how long it takes, on average, to sell a home. In northern Colorado, this period is measured from the day a property is listed until the day its status is changed to "Pending". However, since most properties are never changed to "Pending", but are rather left in "Active/Backup" status until closing, it serves best as a measure of time from listing … (6 comments)
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northern colorado: Sale Price/List Price - 2012 Northern Colorado Market Trends
- 09/19/12 05:33 AM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at the sale price/list price ratio. This is one of our most effective measures of the market's overall health. Numbers clustering closely around 100% would indicate a balance between supply and demand, as well as realistic expectations by sellers in pricing their homes. Numbers that diverge from that range can indicate problems - ratios of over 100% generally suggest that the housing stock is too low to meet demand and that bidding wars are common. (An exception to this is new construction, where … (4 comments)
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northern colorado: Market Trends - Northern Colorado Price per Sq.Ft. 2010-2012
- 09/19/12 12:55 AM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at price per square foot. This data is derived from taking the sale price of a home and dividing it by the total square footage of the home, which in our market includes any basement space but excludes garages. Note that the value of the lot is not subtracted from the value of the home, nor is the size of the lot considered.
We're mostly concerned with the trend shown by this chart - since home sales do not occur … (6 comments)
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northern colorado: Market Trends - Months Supply of Inventory Northern Colorado 2010-2012
- 09/18/12 12:16 AM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at what's happening with the number of months supply of inventory, by month, or MSI. This indicator gives us a view of the supply vs. demand equation from a different perspective. It is a measure of how long the current month's inventory of homes would last if nothing else came on the market, given the current rate of sales.
The seasonal nature of real estate sales is evident in the chart. Both because the absolute inventory varies seasonally - more … (4 comments)
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northern colorado: Market Trends - Northern Colorado Homes Sold 2010-2012
- 09/15/12 11:44 PM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at the number of homes sold, by month. This number includes single family homes, condos and townhomes, and is reported on the basis of when the transaction was closed. Given a 30-45 day average time between when a home goes under contract and when it closes, there is a similar shift in the data if one is curious about when the actual buying decision occurred.
The chart clearly shows the seasonality at work in our marketplace. Activity is strongest during … (5 comments)
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northern colorado: Market Trends - Northern Colorado Inventory 2010-2012
- 09/15/12 12:57 AM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at the inventory of homes for sale. This indicator represents essentially the supply part of the supply vs. demand equation, and represents the range of choice available to homebuyers on a monthly basis. It is a gross measure, and does not provide distinctions based on any of the many factors which are reflected in what buyers may want at any given time, but it is useful nonetheless, particularly when we look at the overall trend.
The very visible dip in … (6 comments)
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northern colorado: Market Trends - Northern Colorado Listing Price 2010-2012
- 09/13/12 11:57 PM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at what has been happening with the listing prices of homes placed on the market. This indicator of market trends is an interesting one - sellers price their homes based on their opinion of its value, their expectations regarding how the market is doing, advice from professionals - including Realtors and appraisers, and a variety of other external factors, such as a need to sell.
As we can see from the chart, this indicator fluctuates much more widely than actual … (9 comments)
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northern colorado: Market Trends - Northern Colorado Prices 2010-2012
- 09/13/12 01:05 AM
Continuing our semi-annual series of reports on Northern Colorado* real estate market trends, this report takes a look at what has been happening with the prices of sold homes. We're looking at two indicators - average price and median price, by month. Average price is determined by adding all of the sale values and dividing them by the number of transactions, while median price is simply the mid-point of all of the prices of the transactions.
It is important to keep in mind that these indicators are a measure of what properties have actually sold for - they describe the actual … (6 comments)
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northern colorado: Fossil Lake Ranch Fort Collins CO Real Estate June 2012 Market Report
- 06/22/12 01:47 AM
Here's a look at how the real estate market has performed as of June 2012 for Fossil Lake Ranch Fort Collins CO Real Estate:
23 homes have sold so far in 2012 in Fossil Lake Ranch, with a median price of $532,500 and an average price of $558,543. Average Days to Offer was 70 days and Average Days on the Market was 104. Home values are holding up well, with the Sale Price/List Price Ratio at 95.5%. Fossil Lake is performing very strongly in the local real estate market, counter to market-wide trends in its price range. There are 20 … (3 comments)
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northern colorado: New Listing - 844 Ptarmigan Pl. Loveland CO 80538 MLS#678179
- 04/13/12 02:10 AM
New Listing - 844 Ptarmigan Pl. Loveland CO 80538 MLS#678179
This lovely north Loveland tri-level on a large corner lot has a great floorplan and is loaded with nice features. It offers 4 bedrooms; 3 & 1/2 baths; a bright living room with a vaulted ceiling; an eat-in kitchen with vaulted ceiling, lots of cabinets and gas range; a family room with a gas fireplace; a large master bedroom with a 3/4 master bath and a walk-in closet; a finished basement with a rec room, a guest bedroom and a 3/4 bath; a large, fully fenced backyard with an extended patio; … (4 comments)
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northern colorado: Wellington CO April 2012 Real Estate Market Report
- 04/12/12 12:08 AM
Here is the Wellington CO April 2012 Real Estate Market Report:
March Property sales were 17, up 30.8% from 13 in March of 2011 and 30.8% higher than the 13 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March year-to-date sales of 37 are running 32.1% ahead of last year's year-to-date sales of 28.
The Median Sales Price in March was $195,000, up 8.3% from $180,000 in March of 2011 and up 11.5% from $174,900 last month. The Average Sales Price in March was $178,953, down -10.5% … (3 comments)
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northern colorado: Johnstown CO April 2012 Real Estate Market Report
- 04/11/12 12:20 AM
Here is the Johnstown CO April 2012 Real Estate Market Report:
March Property sales were 22, down -31.3% from 32 in March of 2011 and 15.8% higher than the 19 sales last month. March 2012 sales were at a mid level compared to March of 2011 and 2010. March year-to-date sales of 56 are running -18.8% behind last year's year-to-date sales of 69.
The Median Sales Price in March was $192,275, up 0.4% from $191,450 in March of 2011 and down -3.2% from $198,587 last month. The Average Sales Price in March was $195,834, down -9.4% from … (4 comments)
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The northern Colorado real estate market has experienced a fundamental shift in its structure during the last three years. Prices of homes have risen significantly over that time, driven by two factors: a lack of available inventory, and high buyer demand generated by strong regional economic growth and new jobs. As would be expected, whenever supply lags behind demand, prices are going to increase, and that is certainly visible in the graphs below.
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