Market Updates

  1. Inventory Adjusts Downward, Prices Surge

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    As the weather begins to cool, the Northern Colorado real estate market remains on fire as the region's prices continue upwards in the face of a prolonged supply shortage.  These September sales are the result of contracts placed on homes in the late-July through mid-August timeframe when the market had taken a small breather, but it seems like everything is just as busy and fast-paced as usual h…Read More

  2. Home Prices Trend Upward at Full Steam

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    Can you believe it?  Another month with nearly 20% year over year increases across the board for home values in Northern Colorado.  It's hard not to sound like a broken record with my monthly updates: low inventory, high buyer demand, waived contingencies, above list price offers - it goes on and on.  Although we did see a slight uptick in the amount of homes for sale in June and July, it looks…Read More

  3. Home Prices Jump 20% Across The Region

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    It's rare that you see 20%+ jumps in median value across the entire region, but because of high, high demand and further constrained inventory, the huge price jumps are here to stay.  The homes that closed in July were the result of contracts written in May and early June when abundant, eager homebuyers flooded the market and were met with only about 250 available homes to see across the entire F…Read More

  4. Home Prices Continue to Gain Momentum

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    May 2021 was the month that prices really surged across the region in the most aggressive fashion I've seen in my decade plus of working in the Northern Colorado market.  Word got out in March and April that inventory didn't seem to be moving up at all, which is rare for the spring selling season, and buyers flooded the depressed market and drove prices up, up, up.  As those home sales closed, w…Read More

  5. Huge Increases in Home Values Across Northern Colorado

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    April 2021 is the month that we'll finally get to see some comparisions get pretty skewed due to the COVID shut down across Northern Colorado in March and April of 2020. Keep in mind, at this point last year, real estate professionals were unable to physically show homes until a home was under contract - this kept some buyers on the sidelines who couldn't take that kind of leap of faith.  It also…Read More

  6. A Market Unlike Any Other

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    2021 is coming in like a lion across the Northern Colorado market with prices popping.  I've been doing this a while, and although 2015 had a very similar feel to this year, 2021 is just something completely different.  2015 ended up having a few months, at least in the Fort Collins market, of 20%+ gains year over year because of a drastic decrease in the amount of homes for sale.  In March 201…Read More

  7. All About Appraisal Gaps

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    Because of the competition within the market for a limited number of homes, buyers and their agents are coming up with all kinds of unique and creative ways to make their offer stand up against other buyers.  Late 2020 and early 2021 has been the most competitive market I've ever witnessed, and short of offering a first born child, there have been plenty of interesting contract provisions.  Buye…Read More

  8. Real Estate Market Accelerates Early in 2021

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    Two months into 2021 and it feels like we're already in the peak of the summer selling season.  Within the last month, interest rates started to slowly creep up which put pressure on desperate buyers to hustle and submit offers on whatever inventory was available.  The lack of inventory is unprecedented throughout the region as fewer and fewer homeowners are selling.  I'd say now we're at a cri…Read More

  9. 2021 Starts Off Sizzling

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    2021 has started off sizzling with big time increases in median values across the region and BIG sales figures, too.  January is typically a pretty calm and relaxed month.  Sales that close throughout the month were those started in the "no-man's land" timeframe between Thanksgiving and Christmas where there aren't many sellers out there.  In the COVID era, it doesn't appear that anything is go…Read More

  10. Northern Colorado Real Estate Remains Strong Through the Pandemic

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    What a year, what a year.  2020 was certainly a rollercoaster for many reasons, and while most of the world was uncertain throughout the year, the world I know best (Northern Colorado real estate) was nothing but healthy and exciting.  Demand was continually robust, buyers want to be here and will pay a premium to be here.  While working with very low inventory throughout the year, smart and sa…Read More