Main-level condo in southwest Fort Collins! Situated near the foothills in a landmark castle building, this 2 bedroom unit features excellent craftsmanship from top to bottom. From the kitchen with new shaker cabinets and quartz surfaces to the spacious master suite, this unit is top-notch! New vinyl plank flooring accentuates the large living room with a gas fireplace. New paint, light fixtures, hardware, and custom top down/bottom up blinds throughout. All appliances are included. Private exterior entry. Detached garage with additional storage and assigned parking space for owner and visitor convenience. Just a quick jaunt to bike trails, Horsetooth Reservoir, and most any service this great community has to offer! Call (970) 237-2752 for your private showing or click the link below for more details.
Sprawling 5-bedroom ranch-style home at 308 Park Place Drive in Fort Collins on a large lot with no HOA! Your new home in south Fort Collins presents a main level with all featured bedrooms, two baths, kitchen and separate dining and living room with wood-burning fireplace. The mostly finished basement boasts a rec room with a second fireplace, flex space, and lots of storage. Whether you enjoy the home with its vintage finishes – or update to your own taste – this gem has so much potential as it is, and as it can be. Large back yard and covered patio for relaxing or entertaining. Brand new furnace, AC, and roof! A great home, in a great location at a great value! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.
Terrific 4 bedroom home at 4966 Dakota Drive in Fort Collins on a corner lot in the popular Harmony Crossing neighborhood! Your new home features an open floor plan with high, vaulted ceilings and a super functional floor plan. The large kitchen with wood floors boasts plenty of counter space, cabinetry, and pantry. Upstairs, you’ll find three nice-sized bedrooms, including a sprawling master suite. The finished basement presents a rec room, 4th bedroom, and storage. Relax or entertain in the large backyard with mature landscape and enhanced feature sprinkler system. Super close to bike trails, restaurants, schools, entertainment, and medical care. Quick access to I-25. This great home is an awesome value and move-in ready! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.
Fabulous 5-bedroom home at 4743 Withers Drive in Fort Collins on the water in popular Clydesdale Park! Starting with the front entry waterfall feature, this home displays the highest quality finishes inside and out. This craftsman-style retreat features tiger wood floors on both the main and upper levels. The chef’s kitchen boasts beautiful countertops, custom tile, plenty of storage and large dining area. Sprawling great room with vaulted ceiling and stone fireplace. Main level office or second dining area. Spacious work-out room. Upstairs features three large bedrooms, including a huge master suite with deck overlooking water and a view of snowcap mountains. Top quality extends to the basement with wet bar, entertainment area, rec space, two bedrooms, bath and storage. Beautifully landscaped back yard abutting the pond with large fountain. Oversized 3-car garage. The advanced leak detection alarm system, and a 14-month home warranty is sure to bring extra peace of mind to the new owner of this wonderful property! Call for your private showing at (970) 237-2752 or click the link below for more details.
Here’s something true about today’s market. Properties are selling fast.
Compared to one year ago, the number of days it takes for a property to sell is significantly lower.
The industry term is “Days on Market” or DOM.
DOM is way down.
Here is the comparison of May 2020 versus May 2019:
- Metro Denver down 22%
- Larimer County down 19%
- Weld County down 16%
Initially, this may seem counter-intuitive. How could homes be selling faster in today’s environment?
Here’s the deal. The buyers and sellers who are active in today’s market are serious.
There really aren’t ‘tire-kicker’ buyers out looking at properties just for the fun of it.
There really aren’t sellers testing the market to ‘see what they can get.’
For the most part, buyers and sellers are on a specific mission and this mindset is showing up in the numbers.
For sellers especially, this is no time to test the market and be overly aggressive on price.
Properties that are priced right and in good condition are selling and often selling fast.
Every so often we will hear a concern that another housing bubble is forming.
To help answer that question it’s valuable to look at the reasons that caused the last one.
There were three main drivers of the bubble that burst in 2008:
- Easy Credit – loans were very easy to attain
- Over-Leverage – people were using their homes at ATM’s
- Over-Supply – too many new homes were being built
Now, let’s compare that to today:
- Stricter Credit – the average home buyer today has a FICO score of 755
- High Equity – collectively, U.S. homeowners have $19 Trillion of equity in their homes and collective mortgage debt has not increased for 13 years
- Under-Supply – today we are building only two-thirds of the new homes being built in 2004 yet the population is much higher
Given this healthy information, we don’t see another housing bubble forming today.
If you would like to see a video recap of our annual Market Forecast you can watch that HERE.
Whether you’re a first-time homebuyer or you currently own and are looking for a new home, the ideas below will help you better navigate that all-important first step: Finding a property that is both appealing and affordable.
The search for a new home always starts out with a lot of excitement. But if you haven’t prepared, frustration can soon set in, especially in a competitive real estate market. The biggest mistake is jumping into a search unfocused, just hoping to “see what’s available.” Instead, we recommend you first take some time to work through the four steps below.
Step 1: Talk to your agent
Even if you’re just thinking about buying or selling a house, start by consulting your real estate agent. An agent can give you an up-to-the-minute summary of the current real estate market, as well as mortgage industry trends. They can also put you in touch with all the best resources and educate you about the next steps, plus much more. If you are interested in finding an experienced agent in your area, we can connect you here.
Step 2: Decide how much home you can afford
It may sound like a drag to start your home search with a boring financial review, but when all is said and done, you’ll be glad you did. With so many people competing to buy what is available, it’s far more efficient to focus your search on the properties you can afford. A meeting or two with a reputable mortgage agent should tell you everything you need to know.
Step 3: Envision your future
Typically, it takes at least five years for a home purchase to start paying off financially—which means—the better your new home suits you, the longer you’ll most likely remain living there.
Thinking of your near future, what life events do you anticipate in the next five or six years? If you’re planning to add to the family or change careers, or even rent out a portion of your home to others, share this information with your real estate agent. They will be able to help you evaluate your current and future needs to help find the best home that you can grow into.
Step 4: Visualize your ideal home
When it comes to this step, be realistic. It’s easy to get carried away dreaming about all the home features you want. Try listing everything on a piece of paper, then choose the five “must-haves,” and the five “really-wants.”
For more tips, as well as advice geared specifically to your situation, connect with an experienced Windermere Real Estate agent by clicking here.
Housing affordability is a hot topic especially after the strong price appreciation that has occurred in our market over the last 7 years.
Here’s some interesting research on affordability…
Each quarter the National Association of Home Builders measures affordability in hundreds of markets across the Country.
Their method is to count the number of homes in a market that could be purchased with that particular market’s median income.
For example, San Francisco is the least-affordable market where only 8.4% of the homes could be purchased with their median income.
The most-affordable is Monroe, Michigan where 95.3% of the homes could be purchased with their median income.
Guess where all of the 10 least-affordable markets are. California!
Guess where almost all of the 10 most-affordable markets are. The rust belt (cities in Michigan, Ohio, upstate New York, etc.)
The U.S. average is 63.6%.
Metro Denver comes in at 55.3% and Northern Colorado at 54.5%.
So, roughly half of the homes in our market could be purchased with our local median income.
Gorgeous home at 2450 Clarion Lane in Fort Collins featuring a brand-new roof, two hot water heaters (one is brand new), new exterior paint, and wood floor on the main level with newer stainless steel appliances (2018). Enjoy Colorado evenings on the Trex deck in the spacious back yard along with a sprinkler system and central AC for those hot summer days. There’s plenty of space for toys in this tandem 3-car garage. Close to the community pool and new neighborhood park! Call for your private showing at (970) 237-2752 for more information or click the link below for more details.