Thumbs up to our agent Bill Coleman who brought the buyers to 875 Winding Brook, part of the Creekside Townhome community located in the heart of Berthoud with mountain views! Congratulations to your buyers and best wishes to them in their new home!
October 2020 NoCo Market Update – 12.8% appreciation in a global pandemic?
Wednesday, October 28th, 2020
Ryan Jenkins
I made a quick video for this month’s market update. I wanted to talk candidly about what’s going on with our real estate market because it’s hard to wrap your head around. We had huge appreciation September 2020 vs September 2019, prices in Fort Collins are up almost 13%, prices across Northern Colorado up about 10%. Obviously, very surprising during a global pandemic. This is a complex issue and can’t just be boiled down to low-interest rates. Also, I want to be clear that we do not report these numbers joyfully. We’re acutely aware that these incredible rates of appreciation further exacerbate an already acute housing affordability issue. That being said, we feel it is all the more important than ever to explain what is driving the market so that you can act accordingly.
$650,000 – 30 Circle Drive, Fort Collins, CO 80524
Gorgeous post war architecture on one of Fort Collins’ most desired streets. Lovely open floorpan, chef’s kitchen with tons of counter space, double oven and gas cooktop. Large master suite up with private bath and massive walk in closet. 2 car garage with alley access. Ultra private yard. Low maintenance brick. Recent roof and furnace. The floor plan is already setup beautifully but since it hasn’t been recently renovated, a light remodel would bring it to a much higher price point.
New podcast -A discussion about the state of the NOCO real estate market during and after the covid lockdown
Monday, August 17th, 2020
Ryan Jenkins
In this episode, Ryan chats with longtime friend and new Grey Rock agent, Scott Lowe, about how the NOCO real estate market is holding up in the pandemic over “take-out” beers from Lucky Joe’s.
Check out our latest property video of 6200 Mill Creek Rd in Livermore, CO
Video tells the story and shows the beauty of your property the way no other medium can. Filming this gorgeous mountain property near the Colorado – Wyoming border was a real treat! I got to go fishing for work!
6200 Mill Creek Rd – Livermore, CO is a truly special 37.7 acre mountain retreat that borders 1,280 acres of remote National Forest rarely visited by people and virtually inaccessible without owning adjacent land. This 2019 cabin is ON grid, fully financeable, fully permitted and ultra efficient with high end finishes like solid alder cabinets, doors and trim, Douglas fir floors and granite counters. No neighbors are visible from the home site. Easy year round access with no steep roads. Excellent trout fishing in the Mill Creek ponds, one of which is a short walk from the cabin. Ag status for grazing a few weeks out of the year keeps the taxes super low and utilities average just $40 per month. Strong well and spring on the property. World class big game hunting. Own an incomparable Colorado mountain property at a reasonable price. $439,900
Your home has a story.
And there’s no better way to tell that story than with beautiful video.
During the stay at home order earlier this year it was difficult to predict what the post-shutdown market conditions would be like. And while the surprising activity that occurred during the shutdown led us to believe the market would weather the storm well as it did in 2008, we had to assume that the contracting economy, job loss, and low sales volume would increase the number of homes for sale and perhaps bring prices down slightly. What we didn’t count on was the fact that whatever additional home inventory came on the market due to job loss, was counteracted by fewer people wanting to show their homes in the midst of a pandemic. The result has been even lower numbers of homes for sale than we have ever seen. That combined with incredibly low-interest rates has caused the market to remain competitive and appreciate 1.9% in May despite an unprecedented 37% decrease in sales volume.
So proud of our Grey Rock team! Our Zillow rep told us we have the highest customer service rating of any real estate team in Larimer County! This was after surveying our prospective clients at 24 hours, 15 days and 45 days after initialing contacting us. Thank you Grey Rockers for treating our customers so well!
| Newer Posts | Older Posts |