Market Updates

  1. Highest Values on Record

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    September is usually a sleepier month in Northern Colorado real estate, but September 2020 was anything but.  Maybe parents were busy hatching real estate dreams while their kids were still doing school from home.  Maybe they have felt the squeeze while working from home themselves and needed a bigger space to accommodate new office needs. Whatever the case, across Northern Colorado, we saw the …Read More

  2. 5 Hard Truths About the Fort Collins Real Estate Market

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    Every year, I have handfuls of clients that come from all over the country - some from expensive markets like California, the Pacific Northwest or the East Coast, and some from less expensive markets in the South and the Midwest.  No matter where you come from, our dynamic and unique real estate market can be challenging to jump into without the right help and without the right preparation and ex…Read More

  3. Record Home Prices in August

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    Another month post-COVID and the Northern Colorado real estate market continues to scream ahead posting record home prices in August in Fort Collins and Loveland.  Not to be outdone, Greeley posted near record home prices in August as well.  The big boost was record low interest rates for purchases, providing a little bit more buying potential for those buyers who have been struggling to get a h…Read More

  4. Home Sales Post Huge Jump in July

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    July was an absolutely stunning month for real estate sales in Northern Colorado.  Across the board, the region saw incredible increases over July 2019 sales figures while continuing to hold steady (or slightly gain) on median values as well.  The majority of the sales in July come from contracts that were executed late in May or through June, after all showing restrictions were removed.  Once …Read More

  5. How Quickly Are Homes Selling?

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    Hello fellow nerds.  Ready for a deep dive? I'm sure you are...Let's go! Instead of relying on the standard "days on market" number that is most commonly reported, I like to follow the "days til offer" (DTO) to truly understand how quickly our inventory is moving.  The reason I like looking at DTO instead of DOM is because days on market can vary for so many different reasons.  The closing time…Read More

  6. June Sales Soar, Prices Hold Steady

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    June sales data represents the beginning of the post-COVID real estate market in Northern Colorado.  And good gracious, did real estate come back with force after the shelter at home restrictions were eased.  Across the board, sales were up double digits, and prices even grew in most markets - these sales were the result of contracts written in the late April/Early May timeframe.  As showing re…Read More

  7. Sales Plunge But Confidence Remains High

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    May sales data was the hardest hit by the COVID pandemic as in-person showings were shut down or completely restricted from late March through April, when executed contracts would result in a May closing.  As a result, May 2020 sales figures look like a horror flim, however, low sales didn't negatively affect prices in the slightest.  Even through COVID, sellers weren't giving away properties, a…Read More

  8. Who’s Selling?

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    We actually have a little bit of data to help us understand just how the market is reacting in the wake of the most strict COVID restrictions.  I've had a handful of clients and friends reach out and ask, "Who's selling in the pandemic?" - Interestingly enough, quite a few people are, and some at surprising price points, too. The graph below shows the home values for both active and sold homes du…Read More

  9. Prices Pop in the Pandemic

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    We're finally seeing impacts from COVID-19 in the Northern Colorado real estate market, since most of the homes that were closed in April were those that went under contract in March near the beginning of shelter in place.  During that time, in person showings were only possible once the home was under contract, somewhat putting the cart before the horse.  I am certain there were hundreds of sel…Read More

  10. Markets Stay Steady During COVID

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    Well, it's been a wild month since all of Colorado has essentially been sheltered in place.  You would think that real estate in the area would have slowly ground to a halt, however, people still need to both buy and sell real estate.  As an industry, we have been unallowed to physically show property unless there was a contract on a home.  That had buyers making decisions based off of virtual …Read More