Home Sweet Home! 5762 Round Rock Ct Fort Collins, CO has a wonderful, bright, open floor plan nestled on a cul de sac in desirable Fossil Lake. Meticulously maintained by original owners, this home is absolutely pristine and move-in ready. Gorgeous custom touches and convenient built-ins throughout. Updated eat-in kitchen with island opens to 2-story family room w/ gas fireplace. Home features five bedrooms plus main floor study and separate dining room. The fully finished basement expands the living space w/ family room, flex room, storage area and kitchenette. Enjoy Colorado evenings on the large Trex deck in the professionally landscaped private backyard w/ gas fire pit. The neighborhood has pool, clubhouse and easy access to Twin Silos Park, PSD schools, shopping and restaurants. New roof, water heaters, AC, furnace, appliances, carpet, blinds, paint. Call for your private showing at (970) 310-4876 for more information or click the link below for more details.
This spacious, well maintained 2 story home at 4421 Monaco Place in Fort Collins is nestled on a cul de sac & features a well designed open floor plan with room for everyone. Located in sought after Golden Meadows, this home offers vaulted ceilings, large but cozy great room with Fireplace, large master suite, finished basement with rec room, 5th bedroom & 3/4 bath. Enjoy the outdoor living area with covered patio & fully fenced private backyard. RV/Boat parking-No HOA! Just blocks to school, park, trail system, restaurants, Harmony corridor and I-25. Call for your private showing at (970) 310-4876 for more information or click the link below for more details.
Perfect South East Fort Collins location at 7520 Matheson Drive for this fantastic open floor plan backing to walking trail & community open space. Well maintained, move in ready home w/new interior paint, carpet, Stainless Steel appliances, hot water heater & garage door opener. Vaulted ceilings, private master on its own level, and additional family room on lower level. A short walk to neighborhood pool, community park & elem. school. Enjoy summer evenings in the private, manicured, fully fenced back yard. Easy access to I-25 & Loveland. Call for your private showing at (970) 310-4876 for more information or click the link below for more details.
The following analysis of the Metro Denver & Northern Colorado real estate market (which now includes Clear Creek, Gilpin, and Park counties) is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.
Colorado’s economy continues to grow with the addition of 44,800 new non-agricultural jobs over the past 12 months. This represents a reasonable growth rate of 1.7%. As stated in last quarter’s Gardner Report, we continue to see a modest slowdown in employment gains, but that’s to be expected at this stage of the business cycle. I predict that employment growth in Colorado will pick back up as we move through the year, adding a total of 70,000 new jobs in 2019, which represents a growth rate of 2.6%.
In February, the state unemployment rate was 3.7%, up from 2.9% a year ago. The increase is essentially due to labor force growth, which rose by more than 84,000 people over the past year. On a seasonally adjusted basis, unemployment rates in all the markets contained in this report haven’t moved much in the past year, but Boulder saw a modest drop (2.7%), and the balance of the state either remained at the same level as a year ago or rose very modestly.
In the first quarter of 2019, 11,164 homes sold — a drop of 3% compared to the first quarter of 2018 and down 13.5% from the fourth quarter of last year. Pending sales in the quarter were a mixed bag. Five counties saw an increase, but five showed signs of slowing.
The only market that had sales growth was Adams, which rose 4.9%. The rest of the counties contained in this report saw sales decline, with a significant drop in the small Park County area.
I believe the drop in the number of home sales is partially due to the significant increase in listings (+45.6%), which has given would-be home buyers more choice and less need to act quickly.
As mentioned above, inventory growth in the quarter was significant, but I continue to believe that the market will see sales rise. I expect the second half of the year to perform better than the first.
Home prices continue to trend higher, but the rate of growth is tapering. The average home price in the region rose just 2.1% year-over-year to $456,243. Home prices were .3% higher than in the fourth quarter of 2018.
I anticipate that the drop in interest rates early in the year will likely get more buyers off the fence and this will allow prices to rise.
Appreciation was again strongest in Park County, where prices rose 21.9%. We still attribute this rapid increase to it being a small market. Only Clear Creek County experienced a drop in average home price. Similar to Park County, this is due to it being a very small market, making it more prone to significant swings.
Affordability remains an issue in many Colorado markets but that may be offset by the drop in interest rates
DAYS ON MARKET
The average number of days it took to sell a home in Colorado rose five days compared to the first quarter of 2018.
The amount of time it took to sell a home dropped in two counties — Gilpin and Park — compared to the first quarter of 2018. The rest of the counties in this report saw days-on-market rise modestly with the exception of the small Clear Creek market, which rose by 26 days.
In the first quarter of 2019, it took an average of 42 days to sell a home in the region, an increase of four days compared to the final quarter of 2018.
Job growth drives housing demand, but buyers are faced with more choice and are far less frantic than they were over the past few years. That said, I anticipate the late spring will bring more activity and sales.
This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.
For the first quarter of 2019, I have moved the needle a little more in favor of buyers. I am watching listing activity closely to see if we get any major bumps above the traditional increase because that may further slow home price growth; however, the trend for 2019 will continue towards a more balanced market.
As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.
In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.
This charming 1940’s ranch bungalow at 2806 Laporte Ave has quaint old town character and has loads of natural light, original hardwood floors throughout, built-in cabinets, large laundry room/mud room. Newer water heater, interior paint, roof and updated electrical. Convenient location with easy access to downtown, City Park, golf course, foothills and the CSU campus. Outside City limits, no HOA. First American Home Warranty included. Call for your private showing at (970) 310-4876 for more information or click the link below for more details.
This fantastic cottage home located at 5162 Cinquefoil Ln in the popular Observatory Village is just steps from the pool and neighborhood park. Open ﬂoor plan includes main ﬂoor ofﬁce, vaulted ceilings, wood ﬂoors, finished basement, and a rec room. The master bedroom is spacious with a remodeled custom shower and walk in closet. Enjoy the private fenced patio w/trek decking and stamped concrete. Low maintenance-HOA maintains yard, trash, and snow removal. Close to schools, shopping, entertainment and the freeway. Call for your private showing at 970-310-4876 for more information or click the link below for more details.