Northern Colorado Real Estate Blog

Aug. 2, 2019

The NoCo Real Estate Market is Changing in 2019

The NoCo Real Estate Market is undergoing some significant changes that both sellers and buyers need to know about and understand. Sellers have lost their overwhelming advantage in terms of marketing and selling their homes. Inventory has grown and price reductions are becoming more common. 

Homes are not selling within hours anymore - many are sitting on the market and generally the time it takes to sell a home is taking longer. Pricing a home right is extremely important - overpricing costs a seller significantly both in terms of time and the final sales price they eventually get.   Sellers are more willing to accept contingency offers and are even offering seller concessions.  Discerning buyers are looking more closely at condition and quality of the homes too.

If you are a buyer or seller and would like us to help you better understand these rapidly changing conditions please contact us. 

 

 

 

 

July 9, 2019

August New Era Group Real Estate eNewsLetter

John Stegner
In this issue: 
Market Happenings
What to do in August in Northern Colorado
A New Valuable Added Service - ePropertyWatch
We are making this new monthly service available via email so you have the opportunity to review the estimated value of your home and the current sales of properties like it in your neighborhood.  Please contact me - jfstegner@msn.com or 970-412-1657 if you would like to take advantage of ePropertyWatch.
Market Happenings 


According to the Fort Collins Board of Realtors: 

"New Listings were up 7.1 percent for single family homes and 14.9 percent for townhouse-condo properties. Pending Sales landed at 306 for single family homes and 92 for townhouse-condo properties.

The Median Sales Price was up 4.0 percent to $437,000 for single family homes but decreased 3.4 percent to $289,900 for townhouse-condo properties. Days on Market decreased 4.8 percent for single family homes and 21.3 percent for townhouse-condo properties.

An extended trend of low unemployment, higher wages and favorable mortgage rates has been a terrific driver of housing stability in recent years. What is different about this year so far is that prices are not rising as quickly. Some of the hottest Western markets are even cooling slightly, while some Northeast markets are achieving a state of recovery after a decade of battling back from recession. As a whole, the selling season is looking fairly stable across the nation."
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click here and download the full report. 
Want to get an up to the minute market report on any town in NoCo? 
Check out this page  - click on the graph and follow the past and current trends in Fort Collins.
 
Further, go to our homepage www.tophomesforsaleco.com  and select a town listed there and you will be able to see other town's stat too!  
On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 67th overall in transaction sides and 99th in sales volume. Click here to find out what makes us the #1 team in Colorado. 


 
For an extensive list of upcoming events in Northern Colorado check out this link.

 
New Era Group | John Stegner 
May 31, 2019

Mountain Home on 32-acres For Sale

Mountain Home near Ft Collins

 

 

This amazing 32.5-acre property sits in a beautiful location just south of the top of Risk Canyon. The property is located next to a huge private ranch and other large acreages. It is situated in such a way that its seclusion will never be encroached upon.  This is more than just a property – it offers a unique way of life.

 

 

 

Check out this drone footage we put together for the property:

 

 

Amenities on the Property:

  • ·      No HOA

    ·      Recent Survey

    ·      Beautiful Year-Round Fountain in Front Yard

    ·      Wonderful Panoramic Views in all Directions - Multiple Public 4th of July Fireworks are Visible 

    ·      Several Roughed In Walking Trails

    ·      2500 Gallon Cistern Covers All Your Water Needs.

    ·      Horse Facilities

    ·      Ample Opportunity for Horseback Riding and ATV Adventures and Hiking.

    ·      Barn has 20 Amp Service and Water –Two Fenced Corals & Other Partially Fenced Areas

    ·      40X40 Fully Heated Shop with 150 Amp Service and 220 Amp Commercial Outlets. New Exterior LED Commercial Lighting & New Walk Though Door on Shop

    ·      Several Outdoors Areas Designed to Enjoy the Sunsets, Sunrises and Stars.

    ·      Year-Round Spring Fed Stream


Amenities of the Home:

$60,000 of Remodeling Improvements Made in the Last 6 Months!


  • ·      Spacious Open Floor Plan

    ·      Beautiful Wood and New Tile Flooring

    ·      New Carpet

    ·      Beautiful Stacked Natural Stone on Many Walls

    ·      2X6 Construction – Metal Roof

    ·      Great Southern Exposure Provides Wonderful Passive Solar Heat. New ceiling fans. 2 New Patio Doors.

    ·      Commercial Like Kitchen with Cherry Cabinets and an Extraordinary Gas Range, Two Dish Washers & New Instant Sink Hot Water Heater.

    ·      3 Heat Sources – Two Forced Air Furnaces -Main Furnace only 3 years & a Wonderful Very Efficient Wood Stove.

    ·      New Wireless Thermostats

    ·      Studio Apartment with Its own Kitchen -Fridge, Microwave,  New Range & Hood - also a Great Bath.

    ·      Two Bathrooms Recently Remodeled

    ·      Decks and Access to the Outdoors on All Levels

    ·      Oversize Insulated/Heated Two Car Garage

    ·      Potential for Various Studio Uses in an Insulated Room Off the Garage.

  •    Hot Tub

  •  
  •  

 

Here is the address: 975 Old Camp Road, Bellvue, CO 80512

Don't miss this amazing opportunity! Come talk to us.

Contact UsSearch Northern Colorado Homes

See our facebook pageLike New Era NoCo on Facebook:

May 8, 2019

Our May 2019 Real Estate eNewsLetter

                                              

                                                                                     

In This Issue:

 

A New Valuable Added Service - ePropertyWatch
 

We are making this new monthly service available via email so you have the opportunity to review the estimated value of your home and the current sales of properties like it in your neighborhood.  Please contact me - jfstegner@msn.com or 970-412-1657 if you would like to take advantage of ePropertyWatch.

 

Market Happenings

According to the Fort Collins Board of Realtors: 

"New Listings were down 4.2 percent for single family homes but increased 3.5 percent for townhouse-condo properties. Pending Sales landed at 227 for single family homes and 69 for townhouse-condo properties.


The Median Sales Price was up 1.4 percent to $408,500 for single family homes and 12.4 percent to $310,000 for townhouse-condo properties. Days on Market decreased 5.1 percent for single family homes but increased 11.2 percent for townhouse-condo properties.

The National Association of REALTORS® recently reported that national existing-home sales were down slightly during January 2019 and that pending sales were up in year-over-year comparisons. It is worth noting that some softening of sales was anticipated, as was a positive sales bounce during January 2019 after a slow end to 2018. Weather-related events have hampered some of the necessary machinations of making home sales during February 2019, yet buyers have shown determination toward achieving their homeownership goals."

 

 

"For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click here and download the full report

Want to get an up to the minute market report on any town in NoCo? Check out this page - click on the graph and follow the past and current trends in Fort Collins.

Further, go to our homepage and select a town listed there and you will be able to see other town's stat too! New Era Ranked #1 in Colorado and #67 Nationally by Real Trends

On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 67th overall in transaction sides and 99th in sales volume.

What to do in March

For an extensive list of upcoming events in Northern Colorado check out this link.

April 12, 2019

Does the 2019 NoCo Real Estate Market Currently Favor Buyers or Sellers

 

 

The standard definition for a buyer’s market is when it takes more than four to six months to sell the current market’s housing inventory.  A seller's market exists if it would take less than 4-6 months.

 

The analysis resulting in these numbers is based on the inventory of homes on the market and the current rate of sales.

 

 

The answer to this question is very dependent on the price points.

 

The Price Range and Inventory Number for Northern Colorado are:

 

·       $300,000 - $400,000 = 0.9 months

·       $400,000 - $500,000 = 1.9 months

·       $500,000 - $750,000 = 2.3 months

·       $750,000 and above = 5.8 months

 

So, the advantage in the real estate market continues to clearly favor sellers in most of the price ranges.  At $750,000 and above the market starts to approach a more balanced state.

 

For the buyer who wants to purchase a home, but is waiting for prices to drop should realize that most projections indicate home sale prices will continue to climb modestly in 2019 and inventories will remain low.  However, thirty-year mortgage rates have fallen significantly in the last several months.  Now is clearly the time to buy, because delaying could push that ideal home you want out of your price range as home prices increase and mortgage rates climb back up to previous levels. For a  real time look at current Fort Collins and Northern Colorado home prices and how they have changed over the last 3 years check out this interactive graph.

 

Please contact us and we will help you find that ideal home you have been dreaming about owning.

April 7, 2019

April 2019 NoCo Real Estate eNewsLetter

                                              

                                                                                     

In This Issue:

 

A New Valuable Added Service - ePropertyWatch
 

We are making this new monthly service available via email so you have the opportunity to review the estimated value of your home and the current sales of properties like it in your neighborhood.  Please contact me - jfstegner@msn.com or 970-412-1657 if you would like to take advantage of ePropertyWatch.

 

Market Happenings

According to the Fort Collins Board of Realtors: 

"New Listings were down 4.2 percent for single family homes but increased 3.5 percent for townhouse-condo properties. Pending Sales landed at 227 for single family homes and 69 for townhouse-condo properties.


The Median Sales Price was up 1.4 percent to $408,500 for single family homes and 12.4 percent to $310,000 for townhouse-condo properties. Days on Market decreased 5.1 percent for single family homes but increased 11.2 percent for townhouse-condo properties.

The National Association of REALTORS® recently reported that national existing-home sales were down slightly during January 2019 and that pending sales were up in year-over-year comparisons. It is worth noting that some softening of sales was anticipated, as was a positive sales bounce during January 2019 after a slow end to 2018. Weather-related events have hampered some of the necessary machinations of making home sales during February 2019, yet buyers have shown determination toward achieving their homeownership goals."

 

 

"For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click here and download the full report

Want to get an up to the minute market report on any town in NoCo? Check out this page - click on the graph and follow the past and current trends in Fort Collins.

Further, go to our homepage and select a town listed there and you will be able to see other town's stat too! New Era Ranked #1 in Colorado and #67 Nationally by Real Trends

On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 67th overall in transaction sides and 99th in sales volume.

What to do in March

For an extensive list of upcoming events in Northern Colorado check out this link.

March 5, 2019

March 2019 Real Estate eNewsletter

                                              

                                                                                     

In This Issue:

Market Happenings
What to do in March in Northern Colorado

Market Happenings

According to the Fort Collins Board of Realtors: 

"New Listings were up 19.9 percent for single family homes and  17.1 percent for townhouse-condo properties. Pending Sales  landed at 189 for single family homes and 62 for townhouse-condo properties. 


The Median Sales Price was up 6.8 percent to $400,370 for single family homes and 2.6 percent to $277,000 for townhouse-condo properties. Days on Market decreased 10.2 percent for single family homes but increased 58.3 percent for townhouse-condo properties.


While the home affordability topic will continue to set the tone for the 2019 housing market, early signs point to an improving inventory situation, including in several markets that are beginning to show regular year-over-year percentage increases. As motivated sellers attempt to get a jump on annual goals, many new listings enter the market immediately after the turn of a calendar year. If home price appreciation falls more in line with 
wage growth, and rates can hold firm, consumer confidence and 
affordability are likely to improve

 

"For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click here and download the full report

Want to get an up to the minute market report on any town in NoCo? Check out this page - click on the graph and follow the past and current trends in Fort Collins.

Further, go to our homepage and select a town listed there and you will be able to see other town's stat too! New Era Ranked #1 in Colorado and #67 Nationally by Real Trends

On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 67th overall in transaction sides and 99th in sales volume.

What to do in March

For an extensive list of upcoming events in Northern Colorado check out this link.

 

Feb. 14, 2019

New Era Group's Outstanding Record in Real Estate Transactions

 

Super proud of our son John and all his agents in the New Era Group! Last year the Group helped over 500 clients with their real estate transactions which made 2018 our best year yet! John says "We are just getting started." Please contact us about how we can provide you with our excellent Real Estate Services as you buy or sell a home.  Just Email or call John Stegner Sr at 970-412-1657

Image may contain: one or more people

Feb. 6, 2019

February 2019 NoCo Real Estate eNewsletter

 
John Stegner
In this issue: 
Market Happenings
What to do in February in Northern Colorado
Market Happenings 

According to the Fort Collins Board of Realtors: 

" New Listings were down 40.9 percent for single family homes but increased 39.4 percent for townhouse-condo properties. Pending Sales landed at 124 for single family homes and 49 for townhouse-condo properties. 
The Median Sales Price was up 6.4 percent to $400,000 for single family homes and 3.8 percent to $285,550 for townhouse-condo properties. Days on Market increased 3.8 percent for single family homes but remained flat for townhouse- condo properties. 
Unemployment rates remained remarkably low again in 2018, and wages continued to improve for many U.S. households. It is generally good for all parties involved in real estate transactions when wages grow, but the percentage of increase, on average, has not kept pace with home price increases. This created an affordability crux in the second half of 2018. Housing affordability will remain an important storyline in 2019." 
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click here  and download the full report. 
Want to get an up to the minute market report on any town in NoCo? Check out this page  - click on the graph and follow the past and current trends in Fort Collins.
Further, go to our homepage www.tophomesforsaleco.com  and select a town listed there and you will be able to see other town's stat too!  
On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 67th overall in transaction sides and 99th in sales volume. Click here to find out what makes us the #1 team in Colorado. 


 
For an extensive list of upcoming events in Northern Colorado check out this link.

New Era Group | John Stegner 
 
Jan. 12, 2019

January 2019 Real Estate eNewsletter

 

In this issue:
Market Happenings
What to do in January in Northern Colorado

Market Happenings

According to the Fort Collins Board of Realtors:

"New Listings were up 12.6 percent for single family homes and 12.3 percent for townhouse-condo properties. Pending Sales landed at 184 for single family homes and 46 for townhouse-condo properties.
 
The Median Sales Price was up 8.0 percent to $405,000 for single family homes and 8.7 percent to $299,000 for townhouse-condo properties. Days on Market increased 4.1 percent for single family homes and 14.1 percent for townhouse-condo properties.

The Bureau of Labor Statistics recently reported that the national unemployment rate was at 3.7 percent. Low unemployment has helped the housing industry during this extensive period of U.S. economic prosperity. Home buying and selling activity relies on gainful employment. It also relies on demand, and builders are showing caution by breaking ground on fewer single-family home construction projects in the face of rising mortgage rates and fewer showings."

For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click here and download the full report.

Want to get an up to the minute market report on any town in NoCo? Check out this page - click on the graph and follow the past and current trends in Fort Collins.

Further, go to our homepage and select a town listed there and you will be able to see other town's stat too! 

New Era Ranked #1 in Colorado and #67 Nationally by Real Trends

On behalf of all the agents here at New Era, we are proud to be recognized as the number one producing team in Colorado by Real Trends. On the national stage we ranked 67th overall in transaction sides and 99th in sales volume.

What to do in January

For an extensive list of upcoming events in Northern Colorado check out this link.