Beautiful Two-Story Home!

This two story home at 821 Snowy Plain Road boasts beautiful hardwood floors and soaring ceilings allowing for tons of natural light. Upstairs is complete with 2 spacious bedrooms and a large master retreat. The finished basement features a large rec room with surround sound, 1 additional bedroom and a 3/4 bath. Fully fenced yard and a large trex deck with remote control for season shade! Call for your private showing at (970) 481-5689 for more information or click the link below for more details.

http://windermerenoco.com/listing/96035423

Posted on June 3, 2019 at 9:54 pm
Kyle Basnar | Category: Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , , , , ,

Luxurious Living in Old Town!

The Brownes on Howes provides luxurious living with lock and leave convenience. 319 North Howes Street offers main floor living with open yet integrated living spaces and a spacious master suite with large bay window, 5 piece bath, and a walk-in-closet. Entertain with a second level family room with a fireplace and 2 guest suites. Enjoy sunsets from the private rooftop terrace over looking the city. The Brownes delivers livability and flexibility! Call for your private showing at (970) 481-5689 for more information or click the link below for more details.

http://windermerenoco.com/listing/96030999

Posted on June 3, 2019 at 9:33 pm
Kyle Basnar | Category: Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , , , ,

Beautifully Updated Home in Fort Collins!

2121 Bock Street is just 5 minutes to Old Town this home is an entertainers delight with custom modern landscaping, open floor plan, granite counters and island, full tile back splash, stainless steel appliances, gas stove with canopy hood, built-in microwave and walkin pantry. Plank floors on the main level, large master with an over-sized shower and walk-in closet, built in bench/cubbies in the mud room, and tankless H2O. Call for your private showing at (970) 481-5689 for more information or click the link below for more details.

http://windermerenoco.com/listing/94488177

Posted on April 19, 2019 at 9:00 pm
Kyle Basnar | Category: Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , , , , , , , ,

Stylish Ranch Home in Fort Collins!

This stylish brick ranch home at 512 Columbia Road in the desirable South College Heights area is completely remodeled and updated. New A/C, furnace, hot water heater, and roof! Stainless steel appliances, tiled splash in kitchen, separate dining area, and beautiful tiled bathrooms. Fresh paint in and out with a new concrete patio, driveway, and freshly landscaped front yard. Sprawling backyard with several fruit trees and plenty of room for a garden and entertaining. Call for your private showing at (970) 481-5689 for more information or click the link below for more details.

http://windermerenoco.com/listing/93584492

Posted on April 5, 2019 at 5:10 pm
Kyle Basnar | Category: Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , ,

The Whole Story

Metro Denver has 2.1 months of inventory on the market. This means that, at the current pace of sales, it would take just over 2 months to sell every single-family home currently listed for sale.

But that’s not the whole story because inventory levels vary drastically depending upon the price of the home.

When we take a closer look at months of inventory broken down by price range this is what we see:

• Under $400,000 = 0.9 months
• $400,000 to $500,000 = 1.8 months
• $500,000 to $750,000 = 3.1 months
• $750,000 to $1,000,000 = 4.2 months
• Over $1,000,000 = 7.7 months

These numbers represent great news for move-up buyers because they can sell in a strong market and potentially move up to a market that is market that is not as strong.

 

Below is a short video with a recap of our annual Market Forecast presentation!

Posted on February 15, 2019 at 1:13 pm
Posted on February 18, 2019 at 6:53 pm
Kyle Basnar | Category: Blog, First Time Home Buyer, For Buyers, Fort Collins Real Estate, Loveland Real Estate, Northern Colorado Real estate, Northern Colorado Realtor | Tagged , , , , , , , , , , , ,

Our Forecast

This past Wednesday and Thursday evenings we had the pleasure of hosting our annual Market Forecast events in Denver and Fort Collins.

Thank you to the 700 people who attended. We appreciate your support!

In case you missed the events, here are some highlights including our forecast for price appreciation in 2019:
• In 2018 Prices went up:
o 8% in Fort Collins
o 8% in Loveland
o 8.5% in Greeley
o 8% in Metro Denver

Inventory is (finally) showing signs of increasing:
o Up 25% in Northern Colorado
o Up 45% in Metro Denver

• There are distinct differences in months of inventory across different price ranges = opportunity for the move up buyer.

• There are several reasons why we don’t see a housing bubble forming:
o New home starts along the Front Range are roughly 60% of pre-bubble highs 14 years ago.
o Americans have more equity in their homes than ever, $6 Trillion!
o The average FICO score of home buyers is significantly higher than the long-term average.
o The home ownership rate is back to the long-term average.

• Our 2019 Price Appreciation Forecast:
o 6% in Fort Collins
o 6% in Loveland
o 7% in Greeley
o 6% in Metro Denver

If you would like a copy of the presentation, go ahead and reach out to us. We would be happy to put it in your hands!

Posted on January 21, 2019 at 5:52 pm
Kyle Basnar | Category: First Time Home Buyer, Fort Collins Real Estate, Market News, Northern Colorado Real estate | Tagged , , , , , , , , ,

Still Up

All the talk of the market cooling off might make someone think that prices must be going down.

The truth is prices are still going up.

Here are the latest year-over-year appreciation numbers from the Federal Housing Finance Authority (they track 243 markets all across the Country):

Colorado Springs 11.44%

Greeley 10.53%

Denver 9.97%

Boulder 9.89%

Fort Collins/Loveland 8.64%

Posted on December 27, 2018 at 7:06 pm
Kyle Basnar | Category: For Buyers, Fort Collins Real Estate, Northern Colorado Real estate, Real Estate Market Update | Tagged , , , , , , , , , , ,

Mid-Century Modern Ranch in Fort Collins!

Completely remodeled & updated mid-century ranch at 1624 Smith Place! Sellers have added $40K of additional updates since last purchased. Updates include: Solid hickory floors throughout, stainless appliances, large kitchen island, open floor plan, new carpet & tile, upgraded electrical, new water heater, radon mitigation & ring doorbell. Gorgeous custom low maintenance landscaping! Next to Spring Creek Trail, a bike ride to Old Town & the newly updated Midtown shops at Foothills. Location! Location! Location! Call for your private showing at 970-481-5689 for more information or click the link below for more details.

http://windermerenoco.com/listing/87785649

Posted on October 22, 2018 at 10:02 pm
Kyle Basnar | Category: Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Colorado Real Estate Market Update

Posted in Colorado Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate

 

ECONOMIC OVERVIEW

Colorado added 45,300 non-agricultural jobs over the past 12 months, a growth rate of 1.7%. Although that is a respectable number, employment growth has been trending lower in 2017 as the state reaches full employment. Within the metropolitan market areas included in this report, there was annual employment growth in all areas other than Grand Junction, where employment was modestly lower. There was solid growth in Greeley and Fort Collins, where annual job growth was measured at 4% and 2.7%, respectively.

In November, the unemployment rate in the state was a remarkably low 2.9%, down from 3% a year ago. The lowest reported unemployment rates were seen in Fort Collins and Boulder, where only 2.5% of the labor force was actively looking for work. The highest unemployment rate (3.7%) was in Grand Junction.

The state economy has been performing very well, which is why the wage growth over the past year has averaged a very solid 3.3%. I expect the labor market to remain tight and this will lead to wages rising at above-average rates through 2018.

 

HOME SALES ACTIVITY

  • In the fourth quarter of 2017, there were 14,534 home sales—a drop of 2.0% compared to a year ago.
  • Sales again rose the fastest in Boulder County, which saw sales grow 17.9% versus the third quarter of 2016. There were also reasonable increases in Weld and Larimer Counties. Sales fell in all other counties contained within this report because there is such a shortage of available homes for sale.
  • As I discussed in my third quarter report, sales slowed due to the lack of homes for sale. The average number of homes for sale in the markets in this report is down by 8.2% from the fourth quarter of 2016.
  • The takeaway is that sales growth has moderated due to the lack of homes for sale.

 

 

HOME PRICES

  • With continued competition for the limited number of available homes, prices continued their upward trend. Average prices were up 9.8% year-over-year to a regional average of $431,403, which was slightly higher than the third quarter of 2017.
  • There was slower appreciation in home values in Boulder County, but the trend is still positive.
  • Appreciation was strongest in Weld County, which saw prices rise 14.3%. There were also solid gains in almost all other counties considered in this report.
  • The ongoing imbalance between supply and demand persists, which means we can expect home prices to continue appreciating at above-average rates for the foreseeable future.

 

 

DAYS ON MARKET

  • The average number of days it took to sell a home rose by two days when compared to the fourth quarter of 2016.
  • Homes in all but three counties contained in this report took less than a month to sell. Adams County continues to stand out, where it took an average of just 21 days for homes to sell.
  • It took an average of 29 days to sell a home last quarter. This is up nine days over the third quarter of 2017.
  • Housing demand remains strong in Colorado and this will continue with well-positioned, well-priced homes continuing to sell very quickly.

 

 

CONCLUSIONS

This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

For the fourth quarter of 2017, I have chosen to leave the needle where it was in the previous quarter. Listings remain scarce, but this did not deter buyers who are still active in the market. As much as I want to see more balance between supply and demand, I believe the market will remain supply-constrained as we move toward the spring, which will continue to heavily favor sellers.

Posted on February 1, 2018 at 10:06 pm
Kyle Basnar | Category: Fort Collins Real Estate, Northern Colorado Real estate, Northern Colorado Realtor | Tagged , , , , , , , , ,

Colorado Real Estate Market Update

Colorado Real Estate Market Update

ECONOMIC OVERVIEW

Colorado added 45,800 non-agricultural jobs over the past 12 months, a growth rate of 1.8%. Within the metropolitan market areas included in this report, annual employment growth was seen in all areas other than Grand Junction (where employment was stable) with substantial growth seen in Fort Collins (4.6%) and Greeley (3.5%).

In August, the unemployment rate in the state was 2.2%, down from 3.1% a year ago. The lowest reported unemployment rates were again seen in Fort Collins at just 1.8%. The highest rate was in Grand Junction, at a very respectable 3.0%. It is still reasonable to assume that all the markets contained within this report will see above-average wage growth given the very tight labor market.

HOME SALES ACTIVITY

  • There were 17,140 home sales during the third quarter of 2017, which was a drop of 3.3% from the same period in 2016.
  • Sales rose the fastest in Boulder County, which saw sales grow 4% more than the third quarter of 2016. There were marginal increases in Weld and Larimer Counties. Sales fell in all the other counties contained within this report.
  • Home sales slowed due to very low levels of available inventory. Listing activity continues to trend at well below historic averages, with the total number of homes for sale in the third quarter 5.5% below the level seen a year ago.
  • The takeaway here is that sales growth has stalled due to the lack of homes for sale.

HOME PRICES

  • With substantial competition for the few available homes, prices continue to rise. Average prices were up 7.5% year-over-year to a regional average of $428,602.
  • Slower appreciation in home values was again seen in Boulder County, but the trend is still positive.
  • Appreciation was strongest in Weld County, which saw prices rise 12%.
  • Due to an ongoing imbalance between supply and demand, home prices will continue to appreciate at above-average rates for the foreseeable future.

 

DAYS ON MARKET

  • The average number of days it took to sell a home dropped by one day when compared to the third quarter of 2016.
  • Homes in all counties contained in this report took less than a month to sell. Adams County continues to stand out as it took an average of just two weeks to sell a home there.
  • During the third quarter, it took an average of 20 days to sell a home. This is up by 3 days compared to the second quarter of this year.
  • Demand remains strong, and well-positioned, well-priced homes continue to sell very quickly.

CONCLUSIONS

This speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

In the third quarter of 2017, I have chosen to leave the needle where it was in the second quarter. Homes are still scarce; however, there is a small slowdown in price growth and a decline in both closed and pending sales. This may suggest the market is either getting weary of all the competition or that would-be buyers are possibly putting off buying until they see more choices in the number of homes for sale.

Posted on November 8, 2017 at 6:20 pm
Kyle Basnar | Category: Fort Collins Real Estate, Northern Colorado Real estate, Northern Colorado Realtor | Tagged , , , , , , ,