REaltor

  1. Dismal Sales Round Out A Rollercoaster 2022

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

    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

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

    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

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

    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. Inventory Inches Up, Prices Hold Firm

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

    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

  5. Still No Cooldown in Northern Colorado Real Estate

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

    One half of 2022 is in the books and it has been an adventure to say the least.  At the beginning of the year it seemed as if it would be "business as usual" - fast paced market, huge gains and intense competition for very few homes, but inflationary concerns have led to almost a 2% increase in rates which might help the market cool down a bit for the rest of the year, however, there is still no …Read More

  6. Home Prices, Sales Still Strong Despite Interest Rates

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

    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

  7. Home Prices Up 20%+ Across Northern Colorado

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

    It doesn't seem like rising interest rates, monkey pox or recession fears have slowed down the real estate market yet, if anything, these pressures are pushing buyers to act now by hustling to get their purchase under contract, beating out the hoards of buyers descending upon Northern Colorado. It'll take a well crafted offer, solid financing, and perfect timing to see a home, write an offer and b…Read More

  8. Home Values Are Already Stunning in 2022

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

    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

  9. On The Fence About Buying a Home?

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

    There are a lot of potential homebuyers out there, whether they are current homeowners or renters, weighing the decision to buy a new home now, or not.  I have personally been dealing with dozens of buyers over the last decade who have been on the fence, waiting for a housing collapse, and I've seen the missed opportunities.  While the majority of these buyers have "seen the light" once they fur…Read More

  10. 2022 Is Off to an Impressive Start

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

    For weary buyers, seeing 2021 come to an end might have brought some hope - hope that more inventory would come on the market, hope that deep pocketed buyers from affluent areas would not compete during the winter, or just that prices would stop escalating at 10-20% in some neighborhoods.  Sorry to be the bearer of bad news, but none of those wishes will come true for homebuyers in 2022.  Invent…Read More