1. Record Home Prices in August

    Another month post-COVID and the Northern Colorado real estate market continues to scream ahead posting record home prices in August in Fort Collins and Loveland.  Not to be outdone, Greeley posted near record home prices in August as well.  The big boost was record low interest rates for purchases, providing a little bit more buying potential for those buyers who have been struggling to get a h…Read More

  2. Home Sales Post Huge Jump in July

    July was an absolutely stunning month for real estate sales in Northern Colorado.  Across the board, the region saw incredible increases over July 2019 sales figures while continuing to hold steady (or slightly gain) on median values as well.  The majority of the sales in July come from contracts that were executed late in May or through June, after all showing restrictions were removed.  Once …Read More

  3. How Quickly Are Homes Selling?

    Hello fellow nerds.  Ready for a deep dive? I'm sure you are...Let's go! Instead of relying on the standard "days on market" number that is most commonly reported, I like to follow the "days til offer" (DTO) to truly understand how quickly our inventory is moving.  The reason I like looking at DTO instead of DOM is because days on market can vary for so many different reasons.  The closing time…Read More

  4. June Sales Soar, Prices Hold Steady

    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

  5. 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

  6. 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

  7. 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

  8. Markets Stay Steady During COVID

    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

  9. 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

  10. 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