This new article from The Coloradoan shows how Fort Collins, Greeley, and Boulder hit new highs in home prices in March, and how the market is so hot that the average home sale price is $90,000 over what those specific homes were previously purchased for. For Sellers, this is fantastic for paying off loans or getting into a bigger home by being able to apply a bigger down payment. For buyers this is just more of the norm, seeing home prices in Northern Colorado skyrocket to never seen before highs.
Here's the article: Fort Collins Homes Setting Records.
What does all of this mean? For Sellers, if you're looking to get out of your current situation, there is leverage to sell your home and either pay off debt, get out from under a bad mortgage, or think about using your equity to, like we mentioned above, buy a more expensive home. For buyers, the time to act is now, as the market will only get leaner and more expensive.
Clearly, we know that Fort Collins is a great place to live, but now that Greeley's home prices are seeing an uptick, are most cities in Northern Colorado headed for the same as Fort Collins? Only time will tell, but we think that Greeley, Windsor, Loveland, and cities as far south as Longmont are all going to stay on the rise, and buyers and sellers are going to have the same experience as we are currently seeing.
Many of the homes we have helped buyers get into or sold in the past year have been in Loveland because the surplus is higher in our southern sister city. The fact that Loveland is growing, and giving Fort Collins a run for it's money in terms of things to do certainly helps that cause.
As usual, we will keep our ear to the ground, and find great deals for our buyers in Fort Collins, Loveland, and Windsor. If you are looking for a realtor to help with your purchase or sale in Northern Colorado, please give me a call, I would love to help!
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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!