Condo Cyclone

 

While the “Bomb Cyclone” closed roads and schools over the last two days, the “Condo Cyclone” is opening new opportunities for first-time buyers.

 

What’s the “Condo Cyclone” you ask. It’s the proliferation of multi-family inventory that has come on the market up and down the Front Range.

Compared to last year, multi-family inventory which includes town-homes and condominiums, has increased…

 

• 79% in Metro Denver
• 34% in Larimer County
• 45% in Weld County

 

This is terrific news for the market overall, as inventory has been unusually low for several months. It’s especially terrific news for first-time buyers who need this type of product as a stepping stone to home ownership.

 

What we notice is a $170,000 to $130,000 difference in average price between a single-family home and a multi-family home in Front Range markets.

 

Specifically, here’s the spread between multi-family and single-family average price:

• $349,801 vs. $512,312 in Metro Denver
• $312,493 vs. $469,294 in Larimer County
• $237,645 vs. $370,027 in Weld County

 

So as we dig out from the “Bomb Cyclone” we can be happy for the “Condo Cyclone” which brings more affordability and opportunity to our markets!

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Posted on March 15, 2019 at 7:23 pm
Jon Holsten | Category: Buying, Fort Collins Real Estate, Greeley Real Estate, Homes for Sale, Housing Trends, Loveland Real Estate, Northern Colorado Real Estate, Timnath Real Estate, Wellington Real Estate, Windermere Real Estate, Windsor Real Estate | Tagged , , , , , , , , ,

Beautiful Move In Ready Condo!

Immaculate 1 bedroom condo at 5151 West 29th Street in Greeley’s popular T-Bone Ranch community! This home features a main level entry with attached 1 car garage access. All living space is on the 2nd floor and boasts a large kitchen with new countertops and plenty of storage. High vaulted ceilings, gas fireplace, and upgraded lighting. HOA fee includes water, trash, swimming pool and clubhouse. This beautiful home is a great 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.

http://windermerenoco.com/listing/91376430

Posted on February 11, 2019 at 10:49 pm
Jon Holsten | Category: Greeley Real Estate, Virtual Tours | Tagged , , , , , , , , , , , , , ,