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Local Market Conditions in Fort Collins, Colorado

By
Real Estate Agent with Keller Williams Realty of Northern Colorado

Our local market has taken some hits, but it is bouncing back. We have seen a record number of foreclosures and short sales. Theglut of new construction has added to the problem of 'more inventory than can be absorbed'

My business is doing well however with national press having some affect on our sales. When Money Magazine named Fort Collins the 1# Small City to live in in America, it took some time to have an impact. Now we are seeing more buyers coming to town from CA, FL, AZ, NM, and beyond.

 We have had to get creative to weather the storm, but the clouds are clearing and I am as busy as ever. Working with investors has been my bread and butter, but the first time buyers are fun to work with and generally easier to please. I will never pass up an opportunity and have yet to hand off a client. I guess that day will come when I am too busy to get it all done, but working 12 hour days builds character.

Check out my Bling-Bling Keller Williams logo. It is not approved but I like the look of it. Feel free to use it if you can, Cheers!

Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs
Yes, we have seen incentives everywhere in the new construction. I contribute it to subprime lenders having them to have the buyers bring monies to closing. No more 100% financing and now going from 95% loan to 90 %.
Jul 17, 2007 09:06 AM