Living in Colorado is very desirable. We have known this for a very long time, and as the population explodes throughout our state, many more people are also realizing the same. Loveland, Fort Collins, Windsor, and Greeley are experiencing a significant incline in home prices as a result. As demand for anything grows, so does the price of housing.
As of the first quarter of 2016, and according to IRES, the median home price in Larimer, Weld, Broomfield and Boulder Counties combined was $334,250. This figure is up almost a full 8% since the first quarter of 2015. See the link here from BizWest.
Clearly we are seeing a huge uptick in home values throughout Colorado, and this has been expected by realtors all over Northern Colorado including Fort Collins, Loveland, and Windsor.
We are also seeing cash offers nearly quadruple since the start of 2015. As investors are realizing the time is ripe to buy property in Northern Colorado, many more homes are going up for rent as a result.
That said, families are still able to get into homes in Northern Colorado for under $350,000. Whether you are looking for a single family home, condo, townhome or apartment, there are still many options out there for you. Just this week, we had two condos go under contract for under $180,000, and have some listings coming up for just over $350,000.
When we work with buyers, we want to make sure to inform them of all their options in the low inventory market that we are currently in. Where you find your perfect home depends on your search parameters. Are you looking for a specific area like Old Town or Parkwood? If that’s the case, you might have to be a little more patient.
If you are flexible, and you’re just looking for a great home in a great location, then you’re in luck. Northern Colorado, whether it’s Fort Collins, Windsor, or Loveland, has some of the best neighborhoods throughout the United States, and finding a home in a desirable location, despite the low inventory, is still very achievable.
If you are considering buying or selling a home in Northern Colorado, we would love to be the realtor that you consult throughout the process. Give Brad a call today at 970-342-3568 or visit www.coloradorepros.com to learn more about us.
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I'm Brad, owner of Colorado Real Estate Pros. This blog will talk more about my day-to-day as a Fort Collins Realtor, and my life as well. Enjoy!