225 Walnut, Windsor CO Listing

Right outside of old town Windsor, CO, this listing is tucked away. This home has 2 bedrooms and 1 bathroom, over 1000 square feet plus storage in the basement, and a single garage. Value points are the garage, the basement, and the double lot. Listing price is $182,000 which is about $168 per square foot.Windsor CO listing real estate

Inventory is far below average in the

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area and homes below $300,000 are selling very quickly. Some homes are

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going under contract the same day they are listed. Many buyers are in competitive, multiple offer situations. This is why it’s important to have a relationship with a great real estate agent. If you’re thinking about selling your home, please call

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Real Estate Update January 2014 Fort Collins CO

Fort Collins Real Estate

 

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estate markets are ever changing and this month is no different! Fort Collins has consistently been “ahead” of the national market for quite a while.

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Let’s have a look.

Nationally, sales are slowing down. Winter is traditionally the slow season

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in real estate as folks aren’t as keen to spend all day in a car, looking at homes.

Things are going up on the macro level though. The media home price has risen to just above $195,000.

Contrasting to the local market, Fort Collins began 2013 with a median home sale price of just above $230,000. That number trended higher and higher until it topped out at just about $255,000. These past couple of months, it has eased off to just about $250,000.

Inventory in the local real estate market has also eased. The summer rush really put a clamp on sales with as much as 80% of the market in an under contract or pending status. Inventory is coming back up to support the higher demand.

Builders are also ramping things up as much as they possibly can with many of their crews maxing out their projects. This can create an inventory that isn’t always telling a clear picture. Let me explain. When a builder begins the project of building a home, the home is often advertised as it will be built. This happens sometimes without the ground even being broken and the foundation being poured. It can take up to a few months to build a home. As a result of this, we’re finding “comparables” to gauge listing prices that aren’t yet standing!

As always, we would encourage you to find a local real estate professional. If we don’t directly service the area, we can assist you in finding a good local agent. All you have to do is give us a call at 970.213.4744 or send us a note! We’re happy to help.

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Real Estate Update December 2013 Fort Collins CO

real-estate-fort-collins-2013

The real estate market in Fort Collins has really continued the past few months’ trends in a number of areas. Nationally, everything is growing. Let’s take a look at some numbers.

Nationally, the third quarter was the biggest quarter of the year. Market home sales for each quarter in 2013 are: 4943, 5057, and 5357. Traditionally, the first and fourth quarters are the slowest, so it might back off to roughly 5100-5000 homes for this time of year. It’s still a positive sign that for December, year over year, the growth is 10%+. The national median sales price is up to about $199,500.

Contrasting things to the local market, median sales price is just about $250,000. This is about 2% below the previous three months. However, this is not uncommon for prices to drop slightly during the slow season.

I’d like to contrast median from average as

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well. You might see the average sales price for Fort Collins up around $300,000. That is not incorrect, but it doesn’t tell the whole story. If you have 10 home sales at $250,000 and one at $10 million, the average is just over $1.1 million. The median is still about $250,000 as that is where most of the numbers are.

With the total sales right around 1,800 homes, the median tells a more accurate story at just over $250,000. Please email any questions to derchad@gmail.com and I would be happy to get you the up to date numbers for your local neighborhood.

If you’re considering selling your home, please contact us to find out your local neighborhood values. We’d love to come share what the Fort Collins market is doing!

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Real Estate and the awesome side of Colorado