Real Estate

  1. June Sales Soar, Prices Hold Steady

    By:
    Date Published:
    Categories:
    , , , , , , , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , , , , , ,

    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

  2. Sales Plunge But Confidence Remains High

    By:
    Date Published:
    Categories:
    , , , , , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

    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

  3. Upgrades That Add Value

    By:
    Date Published:
    Categories:
    , , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

    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

  4. Who’s Selling?

    By:
    Date Published:
    Categories:
    , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , ,

    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

  5. Prices Pop in the Pandemic

    By:
    Date Published:
    Categories:
    , , , , , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , , , , , ,

    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

  6. Markets Stay Steady During COVID

    By:
    Date Published:
    Categories:
    , , , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , ,

    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

  7. The Corona Virus Impact

    By:
    Date Published:
    Categories:
    , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , ,

    The Corona Virus continues to dominate the headlines as fears of an all-out global pandemic have begun to impact worldwide economics and the stock market. With any abrupt change like this, it can have an eventual affect on the real estate market. Although the effect of the virus’ long lasting impact on the market is yet to be seen, here’s how it can change how (and when) real estate is bought …Read More

  8. Homeowner Tenure Increases

    By:
    Date Published:
    Categories:
    , , , , , , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , , , , ,

    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. Fort Collins State of the City

    By:
    Date Published:
    Categories:
    , , , , , , , , , ,
    Tags:
    , , , , , , , , ,

    In case you missed last month's Fort Collins State of the City address from both Mayor Wade Troxell and City Manager Darin Atteberry, you missed a very informative and meaningful look at our city.  Held in the first few weeks of the year, the state of the city address gives local leadership an opportunity to showcase the improvements the city has made over the past year along with providing a vis…Read More

  10. It Just Takes One

    By:
    Date Published:
    Categories:
    , , , , , , , , ,
    Tags:
    , , , , , , , , , , , , , , , , , , , , , , , ,

    In a hugely connected world full of gurus, Chip and JoJo’s, multi-level marketing businesses and social media influencers, there are plenty of people that have the appearance of getting rich quickly. Every generation has had their different schemes and fads in gaining wealth. Truth be told, there are plenty of people who work very hard, do the right things, and make it to the top. But the storie…Read More