461 Dennison Ave is a very nicely updated home in Mid-Town Fort Collins! Kitchen features Granite Counters and Brand New SS Appliances. Recent remodeling includes Fresh interior paint, updated bathrooms, new windows & sliding glass doors, 2 yr old furnace, new fixtures and hardware. The basement is finished with a conforming bedroom & full bath. Just blocks from Troutman Park, Lopez Elementary, MAX Stations, the Mason bike path and Shopping/Entertainment. Pre-Inspected with a Home Warranty included for your peace of mind. Call for your private showing(970) 215-1573 for more information or click the link below for more details.
Provincetowne Townhome Style Condo at 6714 Rose Creek Way Unit 3. This home showcases Two Master Suites each including their own full bathroom and walk-in closet. Other features include an open layout and central A/C. The HOA includes water, sewer, trash, hazard insurance and snow removal. Conveniently located right down the street from Water’s Way Park with access to Benson Lake & walk/bike trails to Boyd Lake. IMPORTANT: This is an INCOME RESTRICTED UNIT, buyers must qualify with the City of Fort Collins before viewing. Call for your private showing at (970) 215-1573 for more information or click the link below for more details.
Remodeled Mid Century Ranch at 1302 Laporte Ave in Old Town just North of City Park! Newer roof, windows, kitchen, siding, floors all done with in the last 5 years. Detached two car garage and recently paved driveway for great off street parking. The open floor plan features a huge living room and kitchen with stainless steel appliances and plenty of counter space plus a large island. Other features include a fireplace and A/C. All of this conveniently located with easy access to Downtown, CSU and the Foothills! Contact Brandon Bidwell for more information or click below to view the photos and details, including price.
The following analysis of the Metro Denver & Northern Colorado real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.
Colorado’s economy added 57,100 new non-agricultural jobs over the past 12 months, a growth rate of 2.1%. The pace of job growth has been moderating and I anticipate this trend will continue as we move through 2020. My current forecast is for Colorado to add around 57,000 new jobs in 2020, a growth rate of 2.1%.
In November, the state unemployment rate was 2.6%, down a full percentage point from the same month in 2018. Unemployment rates in all the counties contained in this report were lower than a year ago and it is fair to state that all markets are now at full employment.
- In the final quarter of 2019, 14,279 homes sold, representing an impressive increase of 9.2% compared to the final quarter of 2018. However, sales were 18.7% lower than the third quarter, which I attribute to seasonality. Pending sales — a sign of future closings — dropped 26.7% compared to the third quarter, suggesting that closings in the first quarter of 2019 are likely to come in below current levels.
- It is notable that all counties contained in this report saw sales growth compared to the same period a year ago.
- Listing activity in the quarter essentially matched the same period in 2018 but the number of homes for sale was 26% lower than in the third quarter of the year. Again, this is a function of seasonality.
- Inventory levels are holding steady, and demand for housing continues to be strong. I would certainly like to see inventory levels rise and I remain modestly hopeful that this will be the case, but likely not until the second half of 2020.
- Home prices continue to trend higher, with the average home price in the region rising 4.3% year-over-year to $473,264.
- Interest rates remain at very competitive levels and are likely to stay below 4% through 2020. This will allow prices to continue to rise, though I expect more modest price growth if there is an increase in the number of homes for sale.
- Appreciation was strongest in Boulder County, where prices rose 7.4%. Home prices dropped in Clear Creek, Park, and Gilpin counties, but these are small markets so I don’t believe it’s indicative of an ongoing trend.
- Affordability remains an issue in many Colorado markets and this will act as a modest headwind to ongoing price growth.
DAYS ON MARKET
- The average number of days it took to sell a home in the markets contained in this report rose three days compared to the final quarter of 2018.
- The amount of time it took to sell a home rose in all counties other than Clear Creek when compared to the fourth quarter of 2018.
- It took an average of 41 days to sell a home in the region, an increase of 11 days compared to the third quarter of this year.
- The Colorado housing market is still performing well and the modest increase in the length of time it took to sell a home is not a concern at the present time.
This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.
For the fourth quarter of 2019, I am leaving the needle at the same level as in the third quarter. Listing activity has not grown, and this has led to higher prices in general. Although market time has risen, the market still favors home sellers.
ABOUT MATTHEW GARDNER
As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.
In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.
For further information about the housing market in your area, please feel free to reach out. I’m always happy to talk Real Estate!
This spacious, well maintained 2 story home at 4421 Monaco Place in Fort Collins is nestled on a cul de sac & features a well designed open floor plan with room for everyone. Located in sought after Golden Meadows, this home offers vaulted ceilings, large but cozy great room with Fireplace, large master suite, finished basement with rec room, 5th bedroom & 3/4 bath. Enjoy the outdoor living area with covered patio & fully fenced private backyard. RV/Boat parking-No HOA! Just blocks to school, park, trail system, restaurants, Harmony corridor and I-25. Contact Brandon Bidwell at (970) 215-1573 for your private showing or more information. Click the link below for more details.
When I was growing up, my family must have moved a dozen times. After the first few moves, we had it down to a science: timed out, scheduled, down to the last box. Despite our best efforts, plans would change, move-out and move-in days would shift, and the experience would stress the entire family out. Despite the stress, we always managed to settle in our new home and sell our old one before the start of school.
With a lot of planning and scheduling, you can minimize the stress of selling your house and moving. Here are some tips:
Know when you want to be moved out and into your new home and have a backup plan in case it falls through. Before you sell your home, familiarize yourself with local and state laws about selling a home so you’re not caught by surprise if you forget something important.
Lists and schedules are going to be your new best friend through the process. Have a timetable for when you want to sell your house when you have appraisers, realtors, movers, etc. over. Also, keep one for when your things need to be packed and when you need to be moved into the new place. I suggest keeping it on an Excel sheet so you can easily update it as the timeline changes (and it will – stuff happens).
First time selling a house? Check out some great resources on what you need to know. US News has excellent, step-by-step guides on what you need to know to sell. Appraisers and realtors can also be good resources, and since you’ll be working with them through the process, be sure to ask them questions or have them point you to resources.
Have your house appraised before you sell so you know your budget for your new home. This will help you look for an affordable home that meets your family’s needs. It will also help you maximize the amount you can receive for your old home. You can also learn useful information from an appraisal, such as which repairs need to be made, if any.
Does your house need repairs before you move? If so, figure out whether you’ll be covering them, or whether your buyers will (this will be a part of price negotiations, so factor it in with your home budget). Will you need to make repairs in your new house, or will that be covered? Either way, make sure you know which repairs need to be made – and either be upfront with buyers about them or make them before you sell.
Prepare to Move
If you’re moving to a new town or a new state, you need to prepare more than just a new home. Research doctors and dentists, places to eat, and what to do for fun. If you have school-aged children, look at the local school district or private school options – not only to learn how to enroll your kids, but also to get a feel for the school culture, see what extracurricular activities your kids can do, what standards/learning methods your kids’ new school will implement, etc.
Think: how soon are you moving, what will you need to use before you move, what can get boxed and what needs to stay out? The sooner you’re moving out, the sooner you need to pack, but if you have time, just take a day per weekend to organize a room, pack what you want to take and arrange to donate what you want to get rid of.
Moves are a great time to purge old, unwanted and unused stuff from your home. Sometimes, it’s necessary if you’re moving into a smaller space. Either way, as you pack each room, think about whether you use what you’re packing to take with you. If you do, pack it to go. If not, put it in a separate box to go to your local donations place. You can also call some organizations to have your unwanted things picked up, no hassle.
If You Have Kids
Moving with kids can be extra stressful. Be sure to include them in the process. This is a wonderful opportunity to teach younger children about moving and prepare them for the changes it brings. Older children can help out with responsibilities, like packing their room or researching their new town.
Your New Place
Moving into a new place takes some planning as well. Once you’ve bought your new home or condo, design at least a basic outline for where your stuff will be set up. Make necessary repairs and decorate (painting, for example) before you unpack. Ideally, you should have some time to do these things before, but if you don’t, don’t be in a hurry to unpack everything – it can be a hassle to paint if you have all your furniture and bookshelves up!
Staying In Touch and Making New Friends
Finally, moving can mean good-byes with family and/or friends. Social media is a great way to keep in touch with people after you’ve moved, but distance can still weaken these old relationships. Make some time to call or message your old friends to keep in touch. Pair that work with a concerted effort to meet new people. See what hobbies or groups are in your new area and start there. It doesn’t seem like a lot, but it can make your new house a home and make your new town a community you can enjoy.
The latest report from the Federal Housing Finance Authority is hot off the press. They rank 241 major metropolitan areas across the U.S. for yearly home price appreciation.
Opportunities like this in Fort Collins are rare! 4 units each with attached two car garages, fireplaces, decks, and extensive upgrades. Just some of the updates include a new roof, updated kitchens and bathrooms, new decks, new blinds, new furnaces and water heaters in all units, new sliding doors, and Unit B has a recently finished basement. Close proximity to I-25, CSU, and Old Town make this property INCREDIBLY attractive to renters, quality investment property. Contact Brandon Bidwell at (970) 215-1573 for your private showing, more information or click the link below for more details.
Great cul-de-sac location at 2007 Connecticut Court in Fort Collins that backs to open space! Colorado outdoor living here with the covered patio, deck off the master bedroom, gardening area and full privacy fence. Plenty of natural light with all the windows in the living room. The kitchen has newer cabinetry, tile counter tops and a large breakfast bar. Good storage with the 2 car garage and large shed in the back yard. Call for your private showing at (970) 215-1573 for more information or click the link below for more details.