Market Updates

  1. August Sales Hold Steady

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    Coming off of another very hot summer, sales across the Northern Colorado region (including the Fort Collins area, Loveland/Berthoud area and Greeley/Evans area) have largely remained consistent with the strong numbers hit in August of 2018.  Just like we are often wading into the unknown in February and March, unsure how strong or weak the spring and summer season will be, in August and Septembe…Read More

  2. Record Home Prices In Fort Collins

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    We're at the peak of the selling season and it's certainly a busy one.  The homes closing in June and early July are the result of contracts written in May when the market begins to really cook.  Typically, after school lets out, we see a fury of buy/sell activity and this year is no different.  Every month, at least one area of the regions is hitting a new record value (Loveland/Berthoud &…Read More

  3. Greeley and Loveland Post Record Prices in May 2019

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    School is out, pools are open and summer is heating up!  I cannot believe we are already into the meat of the selling season in Northern Colorado.  In late 2018, several forecasters were predicting a bit of a slower season, but all signs are pointing to continued gains in appreciation as we head into the second half of the year. Buoyed by strong demand and continually declining interest rates, b…Read More

  4. Real Estate Prices Continue Upward Trajectory

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    It's been the same story for the last several months: increased competition, lack of available inventory, and continued low interest rates.  It's always interesting to see how the spring selling season will start, with a whimper or a bang.  This year, it's a bit in between the two.  So far through April, it's a bit of a mixed bag in the three markets I analyze.  In the more affordable markets,…Read More

  5. Inventory Returns as Spring Heats Up

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    Last month, I painted a pretty dire picture of what 2019 could look like if buyers continued to sit on the sidelines, waiting out the lowest of the low inventory.  And just like that, buyers are back in full force,  home sale figures are (generally) up, and inventory levels are up, too.  Another added bonus, interest rates are down from the 3rd and 4th quarter of 2018, making the springtime a v…Read More

  6. Fewer Homes Are Available in Northern Colorado

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    It looks as if both home buyers and home sellers decided to really take some time off over the holidays - near record low sales in January were the result of very few purchase contracts written in the Thanksgiving through Christmas time frame.  Traditionally, January is the month with the fewest sales and 2019 kept right on trend. Much of the lower sales numbers can also be attributed the fact th…Read More

  7. 2018 Wrap Up and Look Ahead to 2019

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    Another year has come and gone.  If you were in the Northern Colorado real estate market, or even if you were just on the sidelines, you knew just how dynamic the market was in 2018.  2018 was another year of records, and a few outlier months that left us scratching our heads.  Every year is different and 2019 is shaping up to be another interesting year in real estate.  Let’s see how we fin…Read More

  8. Home Prices Relax, Sales Still Down in Noco

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    Now that we're past October and nearing the home stretch in 2018, Northern Colorado real estate is really a tale of two markets.  Furthermore, these markets are not necessarily easy to interpret.  The two separate markets are the "affordably priced" and the "not-so-affordably priced" homes.  Greeley/Evans is still affordable, whereas Fort Collins and the Loveland/Berthoud markets are still on t…Read More

  9. September Prices Reverse Course

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    While the headline "prices reverse course" can seem ominous, we need to put it in the right perspective.  First, as indicated below, all median values are up nearly between 9.6% and 12.11% as compared to 2017 values.  10%+ value increases are nothing to sneeze at - it is generally a $40,000+ appreciation in a median home in just one year.  Your house has a reasonable full time job!  Additional…Read More

  10. August Home Prices Shoot Up as Sales Drop

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    The chill is finally in the morning air as we head towards fall.  Where we're seeing no chill is with the Northern Colorado real estate market where we're seeing August home prices shoot up as sales drop across the region.  I know it may seem like a broken record, but the reality of the situation is that with demand remaining strong throughout the year, and inventory remaining low, we're really …Read More