Northern Colorado Real Estate Blog

Aug. 19, 2017

Northern Colorado Housing Market is Normalizing - More or Less

According to the Fort Collins Board of Realtors we are seeing a glimmer of hope for a more balanced and normal housing market in Northern Colorado.

Six Key Points to Take Note Of

We are seeing a more predictable seasonal slow down in the cycle of demand for housing as we move into another school year.

• Large numbers of buyers are being pushed to neighboring communities around Fort Collins as would happen in a normal market as price of homes, inventory, value/type of housing become more differentiated.

• With the rapid increase in the median home price of $225,000 in 2010 to near $400,000 in 2017 in Fort Collins, we are finally seeing a slowing of the annual percentage increase to what is predicted to be around 5% and no higher than 10% in coming years.

• Affordability of a median-priced single family home for the average wage earner is slipping away. Multi-family housing is being used to close the affordability gap all over Northern Colorado.

• Inventory will remain unbalanced. What is considered to be a "normal inventory situation" would have a six month supply of homes on hand at any given time - currently we are at 2.3 months for single family homes and 1.1 months for multi-family homes.

• Nearly 100% of homes sold are sold for the listing price and sellers and buyers have a clearer picture of the value of a home as it goes on the market when comparing it to other recently sold properties.

Keys to the Changing Housing Market

Finally,  the Fort Collins Board of Realtors point out that housing below $300,000 is going to be very limited and housing valued at above that amount will continue to become more common.  Soon the median price of $400,000 will become the line of "delineation" for a growing market. 

For me an important take away from this information is that we are now moving into the time of year when, in the past, there has been more pressure on sellers to compromise and work with a buyer because there are fewer of them looking for a home in what could again become the "off season."  If you are thinking about buying a residence, we could be heading into the best time of the year to find that long dreamed of new home.  Waiting will only mean an increase in price and more competition as we move once again toward the spring.  Also, future interest rates are unpredictable and can really impact the price of a home you can afford.  With a healthy economy, they may begin to rise well above current levels.

We are definitely still in the "Buy a Home NOW" mode here in Northern Colorado! Please contact us with your questions. We know the housing market well in Northern Colorado and would enjoy helping you get started as you look for your new home.

 

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Aug. 15, 2017

A Simple Way to Repair a Wooden Fence Post

A common problem in older neighborhoods is the deterioration of wooden fences. It will eventually become an issue for many people living in older areas. I was made aware of this unique solution to stabilizing wooden posts that have either been damaged or rotted off.

Fence mender to the rescue

A friend of mine installed a fence mender along a very wobbly fence that was dangerously close to being blown down by a strong wind. The units were installed quickly and they immediately stabilized the posts. He then dug a small hole around the post and poured concrete around each one to add some additional support. One or two units can be installed on a post depending on the condition of the post. They can also be driven in between the post and the original concrete poured around it too.

 

Extend the life of your fence

This solution will work well for posts that are wobbly, leaning, or moderately damaged. You'll be able to extend the life of your fence with minimal trouble or expense.

Save yourself some time and effort! You don't need to take the whole fence down, dig the old post and concrete out, put in a new post, and reassemble the fence. Just install these and you will be very happy with the results! At less than $10 each, they're an inexpensive solution to what could otherwise be a major problem.

 

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July 27, 2017

Fun Things to Do in NoCo in August

August 4th-6th – Arise Music Festival – Loveland

“ARISE Music Festival is a musically diverse, festival-wonderland experience. Featuring 7 stages of live music, yoga, camping, workshops, theme camps, art gallery and installations, activism and more on 100+ beautiful mountain valley acres in Loveland, Colorado.” Get Tickets & Learn More about Arise

August 4th-8th – Larimer County Fair and PRCA Rodeo - Loveland

“Come out to The Ranch for the annual Larimer County Fair and PRCA Rodeo, parade, dog & pony show, carnival, pancake breakfast, draft show, and much more.” Get Tickets & Learn More about the Larimer County Fair

August 12th-13th – Estes Park Wine Festival – Estes Park

“A celebration of Colorado wine in the heart of downtown Estes Park. Enjoy tastings from over 20 Colorado wineries, fresh food, local Colorado vendors and live music. The third annual Estes Park Wine Festival sets up for the weekend in beautiful Bond Park, where festival-goers can soak in the summer sun while enjoying sipping on a variety of locally created wines. From red to white and pink, the Estes Park Wine Festival offers the opportunity to taste and learn about each style of wine and the unique process of how wine is made in Colorado.” Get Tickets & Learn More about the Estes Park Wine Festival

August 18th-20th – Rocky Mountain Folks Festival – Lyons

“Though it’s still a pretty well-kept secret, Lyon’s annual folk festival attracts thousands of people from across the region, the state and the country. Through the years, Folks has remained true to its initial vision of spending a glorious Colorado weekend celebrating songs and stories from around the world. For three magical days, wind down under the Colorado sun with the Lyons locals and lovers of folk music.” Get Tickets & Learn More about the Rocky Mountain Folks Festival

August 19th – Lafayette Peach Festival – Lafayette 

“18th Annual Peach Festival centers around world famous all natural Palisade, Colorado peaches. Enjoy peach pies, peach cobbler and peach smoothies. Food vendors, crafters, antique dealers along with some of the finest artists from the Front Range and Western States will be showcased. Children’s activities, live entertainment and music throughout the day.” Learn More about the Lafayette Peach Festival

August 19th – Boulder Craft Beer Festival - Boulder

“Don’t miss the 4th Annual Boulder Craft Beer Festival. The event brings together the best craft breweries and a handful of local cideries from Boulder County and beyond for a tasting festival, offering attendees samples of the best beer on the Front Range. The festival includes music, lawn games and food for purchase.  A limited number of tickets are available, and the event sold out in its first three years, so get yours today!” Get Tickets & Learn More about Boulder Craft Beer Festival

August 19th-20th – Ft. Collins Farm Weekend – Ft. Collins

“This is a weekend to come out and celebrate food, agriculture and community in Fort Collins! Get out and active and meet local farmers, savor fresh local foods and support non-profits.” Get Tickets & Learn More about Ft. Collins Farm Weekend

August 26th – Downtown Block Party – Longmont 

“As Downtown Longmont continues to thrive and grow, we are fortunate to have new events emerge. To see all the events in Downtown, visit our calendar. This year we want to celebrate the Downtown Longmont Creative District and invite the entire community to join us. The party will make it fun for people to explore the whole Downtown District and will feature activities and entertainment throughout the breezeways, alleys, sidewalks, and businesses. Come on Down(town) and join the Party!” Learn More about the Downtown Block Party

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July 17, 2017

Some Good News for NoCo Buyers

Wellington Colorado signRecent data released on the Wellington, Colorado Real Estate Market is very encouraging for Buyers looking for homes at or below the $300,000 price point.

The Wellington "real estate market has seen a 300% increase in sales volume in only 5 years"!

"Because price increases in Fort Collins have eliminated virtually all options for the sub $300,000 buyer" - (the average price in Fort Collins now stands at $375,250) Wellington has become a very popular place to buy a home.

"In June of 2012, the average price in Wellington was $185,000. Today it is $300,500!  In 2012 there were 222 residential sales in Wellington. This year is on pace to eclipse 500."

Wellington MapClick here to learn more about this great town with live real estate stats, background information and the best tool available to search homes for sale in Northern Colorado!

Obviously Wellington is a great place to find a nice home for a first time home buyer or anyone looking at a price point below what they might find in Loveland or Fort Collins!  Feel free to contact us and we will help you find the home you have been looking for.

 

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July 12, 2017

Buying a Home: A Real Challenge in NoCo

It's a seller's market in Northern Colorado, and the lack of inventory is the reason why you might be having more difficulty buying a home than you'd anticipated. Housing inventory is on a downward run greater than at any other time in 20 years. According to Javier Vivas, manager of Economic Research at Realtor.com, “in 80% of markets, there are fewer homes for sale currently than this time last year.”

Nationally, there are 11% fewer homes on the market year-over-year in June, according to the latest data from Realtor.com. Prices nationwide in June were 9% higher than those one year ago, with a median at $275,000. When you compare that to the median pricing in NoCo for single family homes at $395,250 (up 12% from last year) and for condos at $271,000 (up 7.5% from last year), you can see why it is difficult for first time home buyers to find their way into a new home.

Housing Inventory in NoCo 

Fortunately, according to the Fort Collins Board of Realtors, new listings of single-family homes in NoCo were only down 1.8% and condo/townhomes were actually up 14.7%. This latter statistic might bode well for a softening of the seller’s market for condos and townhomes. Unfortunately, many new homes are too pricey for our biggest block of buyers. Expensive new-built homes are not providing near-term relief for many people. Bottom line: inventory shortage will create a tough market for buyers for the remainder of this year.

We Can Help 

We offer professional help that will give buyers the best possible chance of winning a contract on a home they can afford. Check out this summary of the services we offer our buyers as they prepare for and move into their search for a new home.

Please give us call at 970-412-1657 and we will help you navigate the ins and outs of purchasing a home in this seller’s market.

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June 30, 2017

Fun Things to Do in NoCo in July 2017

July 4th – Old-Fashioned 4th of July – Fort Collins

“The Old-Fashioned Fourth of July at the Avery House runs 10:00-2:00 on the Avery House lawn--admission and the activities are free! Listen to the Bluegrass Patriots, let the kids play old-fashioned games such as beanbag toss and lawn bowling, mingle with historical characters, and get creative with Victorian crafts. Food trucks Mac'N, The Rollin' Stone Wood Fired Pizzeria, and Trattoria Oreganata will be onsite selling delicious and festive family fare. Popcorn, lemonade, and small trinkets will be for sale from $0.25-$1.” Learn More about Old-Fashioned Fourth of July in Fort Collins

July 4th – Celebrate 4th of July – Lafayette 

“Join us as we Celebrate the 4th of July at Waneka Lake! Enjoy an old fashion July 4th with Food from Abo’s Pizza, Suburban Wiener, Sammy's Fried Cheese and Butcher and the Blonde. Beer-Odd 13, Cider-Stem Ciders & Wine Garden (fees apply) Kids’ Activities including Free Face Painting, Fees Apply for Bungee Trampoline, Bounce House. Free concert featuring Chris Daniels and the Kings. Free Fireworks show at dusk.” Learn More about Celebrate 4th of July in Lafayette

July 4th – Fourth of July Celebration & Fireworks – Louisville

“This free annual community celebration includes; Live patriotic music performed by the Boulder Concert Band, Food trucks from around the region, Bouncy houses and inflatable fun Free face painting Free balloon twisting. Fireworks beginning at dark (approximately 9:30 pm.)” Learn More about Fourth of July Celebration in Louisville

July 7th – July 8th – Rhythm on the River – Longmont 

“Rhythm on the River began in 1995 as a small celebration for the opening of Roger's Grove Park along the St. Vrain Greenway. Today, the event is Longmont's largest held over two days and featuring live music, art, and environmental education. This year Rhythm will feature a Climbing Wall, Kayak Pool, three music stages, glow-in-the-dark 5k race, Conservation Carnival, and more! The event features free admission, free parking, and free shuttle service. 5-10 p.m. each night.” Learn More about Rhythm on the River

July 15th – Longmont Jazz Festival – Longmont

“Join us for our annual festival.  Bring a chair or a blanket to sit on the grass.  Food vendors will be available.” Learn More about the Longmont Jazz Festival

July 15th – July 16th – Pearl Street Arts Fest – Boulder

“Pearl Street Arts Fest is a juried celebration of visual arts celebrating photography, sculpture, upcycled art and much more. Event features artists from around the country; children’s art activities; live interactive performances – and much, much more!” Learn More about Pearl Street Arts Fest

July 22nd – July 31st – Weld County Fair – Greeley

“The Weld County Fair is an annual free event held the last week in July. Our fair is open to the public and boasts a variety of displays and contests. The fair gives the youth and adults of Weld County an opportunity to exhibit their skills in a wide variety of areas including agriculture, livestock, natural resources, engineering, consumer and family, fine arts, horticulture and family living.” Learn More about the Weld County Fair

July 28th – August 6th – Boulder County Fair – Longmont

“The Boulder County Fair is the oldest fair in Colorado celebrating it's 148th year. The Fair is a nonprofit that rents the grounds and facilities from Boulder County who in turn is our main sponsor supporting the 4-H and open events during Fair.?"The Fair is a 'free' fair meaning no charge for parking or gate admission so please come as often as you would like. We want you to enjoy the 'free' musical entertainment and many of the other activities on the grounds. Don't forget to purchase a ticket to any one of our motorized sports, rodeos, or special events because that is one of the ways we can continue each year.” Learn More about the Boulder County Fair

 

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May 31, 2017

Fun Things to Do in NoCo in June

June 2nd-4th – Colorado Medieval Festival – Loveland

“The Colorado Medieval Festival will be June 2nd, 3rd, and 4th just west of Loveland in The Savage Woods with the landmark of the Devil’s Backbone as a breathtaking backdrop. For the 2nd year we are proud to host official games for the Rocky Mountain Scottish Athletes. The games will be June 3rd and 4th. On Friday, Wendy Woo will be joined by The Stubby Shillelaghs and Shawn Wright and the TRIBE, both of whom will be playing all 3 days of the festival! The musical talents don't stop there. Skean Dubh joins us on Saturday for 2 performances. Speaking of performers... Come see our first ever BATTLE OF THE BARDS! Do you juggle? Do magic tricks? Touch your nose to your toes? How about that new fangled Rock~n~Roll we keep hearing about? What is your talent? Poetry, dance, oratory? We will judge them all!!” More Info & Tickets to the Colorado Medieval Festival

June 3rd – Taste of Louisville – Louisville 

Crowd at Taste of Louisville“An opportunity to taste the 'Quality of Life' in Louisville. Come and enjoy excellent food served by our fine restaurants, craft booths, kids entertainment, and informational booths from local merchants. You won’t want to miss the Louis-Palooza which features local bands performing at the Steinbaugh Pavilion. The Louisville Farmer’s Market will be also be open during the Taste!” More Info on Taste of Louisville

June 8th – Cult Classics & Cocktails: Pulp Fiction – Longmont

“Cult-classics are back at the Longmont Museum! Bring your friends, partake of a signature cocktail specially paired with each film and enjoy! The Museum is also open with extended evening hours (5-9 pm) to stroll through the galleries during Views & Brews — free with your film ticket! Pulp Fiction paired with Kahlua Milkshakes. Rated R. 6 pm: Galleries, bar, and lounge. 7:15 pm: Film. Purchase tickets online using the links below (please note: online ticketing currently only works on desktop and laptop computers, not on mobile), by calling the Museum's box office at 303-651-8374, or at the door.” Get Tickets to Cult Classics & Cocktails: Pulp Fiction

June 13th – Kids Film Series: Good Dinosaur – Longmont 

“Cool off this summer in the air-conditioned Stewart Auditorium with a bag of popcorn in a place where you don’t have to worry if your kiddo cries in the middle of the movie. Your ticket gets you $1 off the hands-on dinosaur exhibition too!” More Info & Tickets to Kids Film Series: Good Dinosaur

June 17th – 1940s WWII Era Ball – Boulder Airport

“The 9th Annual 1940s WWII Era Ball and destination event will transport two-thousand plus guests back to the 1940s through music, costumes, a pin-up girl contest, food, drinks, and dancing. A highlight of the 2017 Ball will be entertainment by the Glenn Mill Orchestra, the most popular and sought after big band in the world today. A USO-style event, the 1940s WWII Ball will also feature musical acts from Frank Sinatra and the Andrews Sisters impersonators, plus comedian Bob Hope. The 2017 Ball will benefit The Colorado 10th Mountain Division, The Commemorative Air Force, and Rocky Mountain Honor Flight.” More Info & Tickets to the 1940s WWII Era Ball

June 25th – Colorado Latino Festival – Longmont

“In partnership with Barrio E’, the Colorado Latino Festival will showcase the City of Longmont, Colorado as one of the most diverse cities in the state, highlighting its Latino diversity, heritage, culture, music, gastronomy, prominent figures, and trends highlighting demographic, social, and economic forecasts. Similar to last year’s festival, we will also offer numerous resources, opportunities, and valuable information from over 100 organizations, an expanded number of food vendors and choices, more than 40 musical and cultural acts and fun and educational activities for all ages, all which are offered for free, and which attracted a record 7,000 visitors to all corners of Colorado and surrounding states. In the upcoming year, Barrio E’ will feature the festival as a main component of The Multicultural Project, a movement aimed at creating diversity and inclusion in communities through coalitions of organizations and through the creation of community multicultural centers.” More Info on the Colorado Latino Festival

 

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Posted in Loveland Lifestyle
May 11, 2017

Mountain Retreat Only 30 Minutes to Fort Collins - Loveland!

Ft Collins Mountain Home

Have you ever wanted to live above the clouds yet be close to town conveniences? Well, look no further! This amazing custom solar home (passive and active) is located within a gated community only 30 minutes from Fort Collins and Loveland! With nearly 36 acres of woods, cool rock outcroppings, and hiking trails all to yourself this is a must see. And did I mention… the views are absolutely breathtaking!

Interior And Exterior Features Will Blow You Away!

Living Room in mountain home

This home has many spectacular features such as chalet great room windows, open floor plan, log pillars, exposed wood beams, updated kitchen, rock wall fireplace in great room, fantastic master with 5-piece master bath, and a walkout basement with a bedroom/bath suite. The oversize 2-car detached garage has workshop benches and plenty of space for projects and toys. This home is super insulated with EIFS (Exterior Insulated Finish System) and has a new top-of-the-line standing seam metal roof which will last for years and years and be fairly maintenance free! Live on or off grid with custom passive solar with 5kW PV/ battery backup system which includes a 40 KWhr maintenance free gel battery bank. Nearly all house loads are backed up on the solar system. Work at home while marveling at the wonderful views and blue sky with high speed internet and VOIP phone service capabilities.

Views, Views and More Views!

Front range mountain views

This home boasts one of the most spectacular views on the Front Range! DIA to Denver, Pikes Peak to Longs Peak to Cameron Pass, & all points between! There is wildlife galore with frequent visits from wild turkey and deer, plus other cool fuzzy and feathered friends! What a fun place to live!!

See Interactive Flipbook of this property here!

Unique mountain house close to town

For more information on this home, Please contact Terri Randolph with the New Era Group, a part of Your Castle Real Estate at 970-443-0503.

 

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May 2, 2017

What to do in NoCo in May 2017

Ramp up for summer with these events in Northern Colorado!

Cinco de Mayo Greeley Festival: 05/06 Island Grove Park, Greeley

“The Cinco de Mayo Festival held in Greeley is one of the largest multicultural festivals in Colorado. This year, the festivities will include live music, a kids play area that includes three “bouncy” houses, contests, beauty pageant and enough food vendors to satisfy the most insatiable appetite. Before the Festival the Fiesta 5K takes place and the yearly car show attracts enthusiasts and dreamers alike. This year will be extra special with the first annual Copa de Greeley soccer tournament.” More Info!

Celebrate Cinco de Mayo: 05/06 Longmont

“Celebrate Longmont’s Latino community at this family-friendly event from 11 am to 7 pm on Saturday, May 6, at Roosevelt Park, 700 Longs Peak Avenue. Enjoy food, shopping, live entertainment, a lowrider car show, the famous chihuahua beauty contest, and free activities for all ages.” More Info!

Kids to Parks Day: 05/20 Loveland

“In honor of Kids to Parks Day on May 20, the Loveland Parks and Recreation department will offer a variety of fun outdoor activities to encourage kids and their families to get outside together and explore the varied and wonderful adventures the Loveland’s Parks and Recreation system has to offer. KTP Day in Loveland will include the opening of the recently remodeled depot and deck at the North Lake Park Buckhorn-Northern Railroad at noon, with free train rides for children under age 16, provided by the Lions Club, from noon to 4 p.m.” More Info!

Odell Brewing Small Batch Festival: 05/27 Odell Brewing Taproom, Ft. Collins

“Odell Brewing's Small Batch Festival is back again for 2017! This year the event will be one day only, Saturday May 27th, with 50+ Odell beers on tap, live music, and local food trucks.” Get Tickets!

Boulder Creek Fest: 05/27 to 05/29 Boulder 

“For over a quarter century, the Boulder Creek Festival has been the unofficial kickoff to summer in Boulder.  The festival includes three days of festivities featuring a large variety of events, activities, food and entertainment unique to the Boulder community. The Festival is free to the public and features something for everyone: 9 separate event areas with 500 vendors showcase everything from community arts and crafts to healthier alternatives and technology while 3 performance stages feature a spectrum of music and dance.  The festival also features carnival rides and food and beverage vendors. Join us over Memorial Day Weekend 2017 for the 30th Annual Boulder Creek Festival, the best event in Boulder! Even More Info!

Bolder Boulder 10k: 05/29 Downtown Boulder

“The BolderBOULDER has grown to be one of the largest and most respected community running events in the world. Every year now we celebrate Memorial Day with more than 50,000 participants and 70,000 spectators. The BolderBOULDER has always been for everyone regardless of ability. Our mantra is “Oh Yes You Can!” We have walking, jogging and running waves so everyone can enjoy all 10 kilometers at their own pace.” More Info!

We look forward to seeing you around NoCo this May!

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April 25, 2017

Living With Elk In West Loveland

Imagine waking up in the morning to very quiet lawnmowers. No, not your general lawn care company with an ear-safe push reel mower, but rather a herd of elk eating breakfast right outside your kitchen window! This tends to be a common phenomenon for those of us who have had the luck of purchasing a home in west Loveland.

Elk TV

When someone mentions the word “elk viewing” here in Northern Colorado, most people think of Rocky Mountain National Park. However, elk herds are commonly seen in the foothills. In Loveland the best spots are along HWY 34 (thus the need to drive slowly at dusk and dawn!), near the river, off of west 1st St, along Carter Lake Road, and as far east as Wilson Ave. That's right, elk viewing can be done only minutes from your home. (Note: don’t forget to respect private land!) Elk move constantly from one food source to another so a herd seen in one location may not be there the next day... or the next hour for that matter. But their roaming also gives everyone a peek at these intriguing animals.

When they make their rounds and settle on our lawn or in our pasture we will watch them for hours, thus the term “Elk TV”. Elk are the noisy group of the deer family. Although it is common to hear the eerie bugles of bull elk in the fall during mating season, calves and mothers call to one another throughout the season and this constant communication is mesmerizing.

A Herd of Our Own

The Loveland herd, as it's often called, contains some 200 elk who live in Loveland year-round, but two smaller herds actually make up this local population. The locals are joined by hundreds more elk for the winter (as many as 700 in 2012!). These elk often move between Estes Park and Loveland, traveling quickly enough to make the trip in a single day.

Scientists are working to improve the habitat along migration corridors so that elk don't have to venture into town as frequently to find food, but for now we are happy to welcome these neighbors.

 

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Posted in Loveland Lifestyle