1. Sales Plunge But Confidence Remains High

    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

  2. Upgrades That Add Value

    In talking with contractors, landscapers and interior designers, they've all noted a huge uptick in work and activity.  It seems that while most people were quarantined indoors through most of March and April, they decided to tackle all the projects they could during this unique "break" in work and life. With nearly every buyer and seller I work with, I get the question: "What are the best upgrad…Read More

  3. Who’s Selling?

    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

  4. Prices Pop in the Pandemic

    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

  5. Safest Real Estate In Northern Colorado

    There is still plenty of fear and unknown in the Northern Colorado real estate market and we aren't entirely sure how things will play out in the region post-COVID.  What we do know is that there has been a constant demand for Northern Colorado homes in the last decade and we don't expect that demand to slow.  Every homebuyer has fears of buying at a financially unsettled time.  The best we can…Read More

  6. Before COVID-19 Hit

    By now, you're probably maxed out with COVID news, but I want to remind you a simpler time: February.  Since we have a small lag in real estate reporting, due to data getting processed and uploaded to the masses, my statistics blogs always report the previous month.  Now, deep into March, amid a stock market collapse, a worldwide pandemic and social distancing, we can see what real estate in Nor…Read More

  7. 2020 Starts Off Well

    Two of the three markets I cover started off at a much better clip than 2019, while one (Loveland) kept an equal pace with sales from the previous year.  January, traditionally a pretty slow month, was just the opposite in Fort Collins and Greeley.  It's usually a slower month because the closings we see in January are a result of homes going under contract between Thanksgiving and Christmas, a …Read More

  8. Homeowner Tenure Increases

    According to the National Association of Realtors, most homeowners are sticking in their current home longer than ever before.  In fact, nationwide we have seen homeowner tenure increases of 3 years since 2008.  With the most recent national data available, in 2018, homeowner tenure reached a median value of 13 years.  13 years without a move sounds like an incredibly long time without a move, …Read More

  9. 2019 Real Estate Wrap Up

    Real estate 2019 finished strong in Northern Colorado, and while it is still considered a record breaking year, 2019 was finally the year we saw an end to the 6/7/8% gains in median value.  Anecdotally, the market as a whole throughout Northern Colorado seemed to be as busy as ever, but prices just didn't creep up as fast as they have in the last 4 years.  Sales held steady throughout the region…Read More

  10. Home Maintenance Cruise Control

    Sometimes life gets in the way of even simple home maintenance tasks - you might skip a few projects and then get overwhelmed by the mountain of items that need to get checked off your honey-do list.  In 2020, resolve to stay on top of those tasks that protect your home and provide most value and put your house on maintenance cruise control. Start a List and Start Slow January is a perfect time …Read More