Northern Colorado

  1. Dismal Sales Round Out A Rollercoaster 2022

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    In my entire career, I don't think I've ever seen a "status quo" kind of year in Northern Colorado Real Estate.  I've seen the lowest of the low, the highest of the high and everything in between.  Typically, a year will have a constant theme.  In 2022, the year was "rollercoaster" simply due to the incredible shift midway through the year in home prices, sales and interest rates.  Both buyers…Read More

  2. Sales Plummet While Buyers Sit and Wait

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    Real estate in Northern Colorado has gotten pretty sticky over the last 3-4 months, and as we head into the holiday season, it seems like buyers are taking the wait and see approach.  As it stands now, most industry experts believe that interest rates still have some room to come down, and prices also have some room to come down.  Right now, the fate of the market is in the buyers hands, for the…Read More

  3. Sales and Prices Drop Throughout Northern Colorado

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    The Northern Colorado real estate market is in full slowdown mode as the "new normal" begins to pan out - higher interest rates keeping many buyers on the sidelines, while now sellers are competing for buyers who are brave enough to take on the 6-7% interest rate environment.  There is plenty of pain on either side of the transaction at this point.  Buyers have to bite the bullet and take a leap…Read More

  4. Be Aware: A New Real Estate Scam

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    The real estate industry, and the consumers within, are often vulnerable to scams due to the nature of the complicated and costly transaction.  Over a decade ago, it was predatory mortgage terms that swindled home buyers.  More recently, it's been hacked wiring instructions that led to home buyers sending hundreds of thousands of dollars to a scammer's bank account.  And now, it's a handful of …Read More

  5. Inventory Inches Up, Prices Hold Firm

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    The full effects of interest rates well into the high 6% and even low 7% range is starting to be felt across Northern Colorado as inventory is beginning to inch up.  While we were praying for additional inventory earlier in the year, so that buyers could have a bit more negotiating power, high interest rates have taken the wind out of buyer's sails.  There really is not a clear direction with th…Read More

  6. Inventory Up, Sales Drop, Prices Hold Steady in July

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    We're finally starting to see the effects of the massive rate hike from late spring.  All the contracts from late May through June that closed in July are giving us a real indication of the market slowing down for the first time in about a decade.  But fear not, a slow down certainly doesn't mean a decline in prices, just a tempering of appreciation that was out of control.  Finally, buyers mig…Read More

  7. Home Prices, Sales Still Strong Despite Interest Rates

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    We are deep into the selling season, home values and sales are remaining strong across Northern Colorado despite a bump in interest rates.  Many of the closings in May represented contracts from the late March through April timeframe, before rates began to really increase, so June data will be much more telling.  Either way, sales and prices generally remained strong with limited inventory, and …Read More

  8. Home Prices Continue Up into Spring

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    Finally, finally, finally - there are some more homes on the market.  A small uptick between February and into March is adding to the momentum of the housing market this spring, however, the uptick is just that - very, very small, so homebuyers aren't feeling much relief, if anything.  And along with that distressing feeling, buyers are now having to adjust budgets and expectations as interest r…Read More

  9. Being Prepared Pays Off Big – A Case Study

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    Because of the competition in the market, I am seeing both homebuyers and home sellers jump in pretty unprepared, thinking that they have everything covered.  In my experience, not being adequately prepared for a market in which you need to make quick decisions, can really put you behind.  It can cause heartache, frustration and missed opportunities.  On the flip side, the clients of mine who t…Read More

  10. Home Values Are Already Stunning in 2022

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    For buyers who expected (wished, hoped, or prayed) for any homes to purchase early in 2022, their expectations are not being met.  Another month of bottom-of-the-barrel inventory is pushing home values across the region to new heights.  Fort Collins is scraping the $600k mark, while Loveland/Berthoud is sitting pretty in the mid $500's and Greeley/Evans is now in the mid $400's.  As we work int…Read More