Northern Colorado Real Estate Blog

June 15, 2021

June 2021 NoCo Real Estate eNewsLetter

  SHARE:  
Join Our Email List
John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Something to Remember about This Year’s Market
The remainder of 2021 will see mortgage rates increase gradually due to the increase in economic spending. We anticipate mortgage rates on a 30-year fixed rate to get to 3.24% by summer,” said Jason Gelios, a top-producing realtor with Community Choice Realty in Southeast Michigan.”
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 25.9 percent for single family homes and 5.3 percent for townhouse-condo properties. Pending Sales landed at 310 for single family homes and 104 for townhouse-condo properties.
The Median Sales Price was up 20.6 percent to $533,718 for single family homes and 27.7 percent to $405,322 for townhouse-condo properties. Days on Market decreased 34.2 percent for single family homes but remained flat for townhouse-condo properties.
With such limited supply of existing homes to purchase, all eyes are on home builders to provide a much-needed boost of inventory to the market to help meet buyer demand. However, increasing material and labor costs, along with supply chain challenges, have contributed to significantly higher construction costs, with builders passing these costs on to homebuyers. And while the warmer temperatures, rising sales prices, and the reopening of the economy may draw more sellers to the market, historically low levels of homes for sale are likely to continue for some time.”
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
New Era Group | John Stegner 
May 20, 2021

May 2021 NoCo Real Estate eNewsLetter

  SHARE:  
Join Our Email List
John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Comparing the 2008-2009 Market to Today’s Market
It seems that people fear a repeat of what happened to the market in 2008 and 2009.
The reality is this. There are some similarities between now and the pre-bubble market of 15 years ago. Prices are appreciating rapidly, however, there is one massive difference. The inventory of homes for sale right now is drastically different than 15 years ago.
Economists tell us that, in order for prices to crash, demand needs to diminish, supply needs to swell, or some combination of the two. Supply today is a fraction of what was 15 years ago.
Homes for sale today:
  • Larimer County = 238
  • Weld County = 226
Homes for sale 15 years ago:
  • Larimer County = 2,998
  • Weld County = 1,113
The reason why prices flattened and decreased slightly along the Front Range in 2009 is because the National economy had a melt down and there was glut of supply. We do not have anything similar to those same dynamics today. Most economists believe that the current pace of appreciation will not keep up, but inventory levels insulate from any kind of crash. There is hope as a promising increase in the inventory of homes has taken place in the last few days.
“The remainder of 2021 will see mortgage rates increase gradually due to the increase in economic spending. We anticipate mortgage rates on a 30-year fixed rate to get to 3.24% by summer,” said Jason Gelios, a top-producing realtor with Community Choice Realty in Southeast Michigan.”
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 24.6 percent for single family homes and 38.8 percent for townhouse-condo properties. Pending Sales landed at 290 for single family homes and 97 for townhouse-condo properties.
The Median Sales Price was up 14.6 percent to $510,000 for single family homes and 12.7 percent to $348,000 for townhouse-condo properties. Days on Market decreased 35.6 percent for single family homes and 31.6 percent for townhouse-condo properties."
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
Featured Listing - This great property is being listed by a fellow NoCo New Era Group Realtor. If interested in it please contact me at 970-412-1657.
*COMING SOON!*
2231 Wakefield Drive, Fort Collins, CO 80526
Fantastic Tri-level with add'l square footage on large lot in Village Green! Price: TBD.
New Era Group | John Stegner 
April 19, 2021

April 2021 NoCo Real Estate eNewsLetter

 

John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Increasing Mortgage Rates and Home Prices for The Rest of 2021
Here is the average price for residential sales so far this year in each of our Front Range markets (includes both single-family and multi-family):
Fort Collins = $567,000
Loveland = $449,000
Windsor = $537,000
Greeley = $376,000
 
These prices are generally up 10% or more compared to last year and overall for 2021 prices are projected to increase overall by 6%.
“The remainder of 2021 will see mortgage rates increase gradually due to the increase in economic spending. We anticipate mortgage rates on a 30-year fixed rate to get to 3.24% by summer,” said Jason Gelios, a top-producing realtor with Community Choice Realty in Southeast Michigan.
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 24.0 percent for single family homes and 1.1 percent for townhouse-condo properties. Pending Sales landed at 268 for single family homes and 111 for townhouse-condo properties.
The Median Sales Price was up 16.4 percent to $494,500 for single family homes and 5.7 percent to $335,500 for townhouse-condo properties. Days on Market decreased 22.6 percent for single family homes and 37.8 percent for townhouse-condo properties.
While many homebuilders are working to increase their activity, the cost of lumber and other materials and a backlogged supply chain continue to limit new home construction and have increased costs substantially. New methods of construction, including 3d printed homes, could speed construction and reduce costs in the future, but realistically are several years away from making a measurable impact in the market."
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
New Era Group | John Stegner 
March 16, 2021

March 2021 NoCo Real Estate eNewsLetter

  SHARE:  
Join Our Email List
John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Increasing Mortgage Rates for The Rest of 2021
“Thirty-year mortgage rates hit historic lows at 2.65% the week ending Jan. 7, 2021, according to data from Freddie Mac, falling approximately one percentage point from a year earlier, when the 30-year rate was 3.64%. On Feb. 25, Freddie Mac reported the 30-year rate had risen to 2.97% but still remained near historic lows. For perspective, over two years earlier, in November 2018, the 30-year mortgage rate was close to two percentage points higher at 4.94%.
The remainder of 2021 will see mortgage rates increase gradually due to the increase in economic spending. We anticipate mortgage rates on a 30-year fixed rate to get to 3.24% by summer,” said Jason Gelios, a top-producing realtor with Community Choice Realty in Southeast Michigan.”
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 15.7 percent for single family homes and 27.9
percent for townhouse-condo properties. Pending Sales landed at 201 for
single family homes and 74 for townhouse-condo properties.
The Median Sales Price was up 14.1 percent to $485,000 for single family
homes and 12.4 percent to $353,466 for townhouse-condo properties.
Days on Market decreased 3.8 percent for single family homes and 39.1
percent for townhouse-condo properties.
For homeowners currently struggling due to COVID-19, government agencies are continuing efforts to help those in need. The Federal Housing Finance Agency
announced they will allow homeowners with loans backed by Fannie Mae and Freddie Mac to receive an additional three months of forbearance, extending total payment relief to up to 18 months. Qualified homeowners must already be in a forbearance plan as of the end of February."
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
New Era Group | John Stegner 
Feb. 15, 2021

February 2021 Real Estate Market Report

John Stegner
In this issue: 
Market Happenings
What to do in NoCo
The Impact of COVID-19 on Real Estate So Far
"The Resurgence of Covid-19 cases has forced us once again into more restrictions on showings and open houses – nevertheless, Buyers are out in full force this fall/winter, encouraged by very low mortgage rates. However, we are dealing with an extremely low inventory of affordable housing."
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 19.1 percent for single family homes but increased 2.1 percent for townhouse-condo properties. Pending Sales landed at 216 for single family homes and 83 for townhouse-condo properties.
The Median Sales Price was up 11.0 percent to $466,250 for single family homes and 16.5 percent to $318,500 for townhouse-condo properties. Days on Market decreased 14.7 percent for single family homes and 43.7 percent for townhouse-condo properties.
The Mortgage Bankers Association’s January research estimates approximately 2.7 million homeowners with mortgages are currently in forbearance plans. Some of these homes may eventually come to market, but given the strong appreciation in most market segments in recent years, these eventual home sales are likely to be mostly traditional sellers. However, a modest increase in short sales and foreclosures at some point this year would not be surprising."
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
New Era Group | John Stegner 
Nov. 21, 2020

November 2020 NoCo Real Estate eNewsLetter

John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Featured Listings
The Impact of COVID-19 on Real Estate So Far
Buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic. Will Covid-19 lockdowns impact the market - Will Open Houses and Showings be curtailed - we shall see.
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
The Fort Collins Board of Realtor’s Market Report is not Available this Month so I am Substituting a Report from Heritage Title – The info Presented is Fort Collins Specific, but Another City’s Statistics can be Searched for on the Site too.
"This week the median list price for Fort Collins, CO 80525 is $505,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 97. 
Current Market Action Indexes still indicate a
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues."
For more news and a complete review of the latest housing statistics for the area and information compiled by Heritage Title click this link 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!
Featured Listings
*Attention Investors - MLS 925177*
Corner Unit 2nd Floor Condo in Rockbridge Community - Well Maintained. Has a Large Living Room with Fireplace, 2 Bedrooms, a Nice Balcony and an Assigned Parking Space - Amenities include a Pool, Hot Tub, and a Clubhouse with Workout Facilities. Prime Location for Shopping, Restaurants, Grocery Stores and a Bus Line Close at Hand. If You are an Investor, the Unit is Leased Until July 31, 2021
*Severance Shores Home - MLS 928222*
Fantastic home in Severance Shores, backs to open space, w/ mountain & lake views! Don't live in ordinary-this home has character throughout-shiplap accents, custom stonework, open stair rail, updated fixtures, pine board ceiling treatments & more! 3 beds/2 baths up & fin bsmt w/ bed, bath & wet bar lets you spread out! Large lot, great yard, full landscape complete w/ fencing & irrigation! Master retreat w/ large walk-in shower & custom master closet. Don't settle for ordinary - live in style!
New Era Group | John Stegner 
Oct. 12, 2020

October 2020 NoCo eNewsLetter

 

 

John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Featured Listings
 
The Impact of COVID-19 on Real Estate So Far
"Buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic." See full details in Fort Collins Board of Realtors Comments below:
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 8.6 percent for single family homes but increased 36.2 percent for townhouse-condo properties. Pending Sales landed at 308 for single family homes and 92 for townhouse-condo properties.
The Median Sales Price was up 16.9 percent to $485,005 for single family homes and 2.6 percent to $295,000 for townhouse-condo properties. Days on Market increased 2.9 percent for single family homes but decreased 4.9 percent for townhouse-condo properties. 
"
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link and download the full report.

Want to get an up to the minute market report on any town in NoCo?  - click on the graph and follow the past and current trends in Fort Collins.
 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:

Finally, for a list of more events in Northern Colorado check out this link!
Featured Listing
 
*Attention Investors - MLS 925177*
Corner Unit 2nd Floor Condo in Rockbridge Community - Well Maintained. Has a Large Living Room with Fireplace, 2 Bedrooms, a Nice Balcony and an Assigned Parking Space - Amenities include a Pool, Hot Tub, and a Clubhouse with Workout Facilities. Prime Location for Shopping, Restaurants, Grocery Stores and a Bus Line Close at Hand. If You are an Investor, the Unit is Leased Until July 31, 2021
New Era Group | John Stegner 
Sept. 14, 2020

September 2020 NoCo eNewsLetter

John Stegner
In this issue: 
Market Happenings
What to do in NoCo
Featured Listings
 
The Impact of COVID-19 on Real Estate So Far
There is no denying the pandemic shutdown resulted initially in many lost home sales. Some sellers and buyers scrapped their plans altogether, while others put them on hold. Many of these "lost" home sales now seem to have found their way on to the market and prices have pushed up - the strength of the recovery will largely depend on price point, even with low interest rates. Please contact me if you have questions. 
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 8.5 percent for single family homes and 4.9 percent for townhouse-condo properties. Pending Sales landed at 355 for single family homes and 95 for townhouse-condo properties. 
The Median Sales Price was up 8.5 percent to $460,000 for single family homes and 10.4 percent to $319,750 for townhouse-condo properties. Days on Market increased 10.0 percent for single family homes and 64.0 percent for townhouse/condo properties. 
As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.
For more news and a complete review of the latest housing statistics and information compiled by the Fort Collins Board of Realtors click this link and download the full report.

Want to get an up to the minute market report on any town in NoCo?  - click on the graph and follow the past and current trends in Fort Collins.
 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 40th in sales volume and 43rd overall in transaction sides. Click here to find out what makes us the #1 team in Colorado.
What to do in NoCo:

Finally, for a list of more events in Northern Colorado check out this link!
These great properties are being listed by a fellow NoCo New Era Group Realtor. If interested in them, please contact me at 970-412-1657.
 
Featured Listings
 
**Improved Price**
Attention Investors or CSU Students!
1012 Timber Lane, Fort Collins (click for link)
Proudly Offered: $380,000
IRES MLS #921688




**Coming Soon**
1707 Vista Point Drive, located in Severance Shores, is everything
you want with new construction, but has character, charm, and all the other things already installed - yard, irrigation, fence, finished basement, etc. You'll love this home's shiplap walls, stone and tile
accents, ceiling treatments, full upgraded appliances. It will boast 4 beds, 3 baths, almost 3,000 square feet and a 3-car tandem garage. **Priced in the low 400's** - Available tentatively just before holidays.
New Era Group | John Stegner 
 
STAY CONNECTED WITH US:
Like us on Facebook Follow us on Twitter  
March 13, 2020

NoCo March 2020 Real Estate eNewsLetter

  SHARE:  
Join Our Email List
A quick question - I'm taking on new clients in my real estate business now. Who do you know of among your family, friends, neighbors or work associates that I could help buy or sell a home in the next 6-12 months? Please contact me at 970-412-1657 if you would like to let me know who you think I might be able to help. A Referral is the best compliment you can give us.
John Stegner
In this issue: 
Market Happenings
What to do in March in Northern Colorado
 
Publication Date Change 
We are changing the publication date of our eNewsLetter. It will now come to you closer to the middle of the month. This will separate it from the flush of newsletters you get on the first of the month and it will give you the most current information available on the housing market from the Fort Collins Board of Realtors.
 
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.
 
According to the Fort Collins Board of Realtors: 

"New Listings were down 6.7 percent for the single-family homes but increased 3 percent for townhome-condo properties. Pending Sales landed at 224 for single family homes and 95 for townhouse-condo properties.

The Median Sales Price was up 2.7 percent to $422,500 for single family homes and 1.3 percent to $314,000 for townhomes-condo properties. Days on Market increased 9.5 percent for single family homes and 34.4 percent for townhome-condo properties.

Showing activity is a leading indicator for future homes sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months. "
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! 
RealScout Partnership

Super excited to announce our new partnership with RealScout! Forget Zillow, now you can search for your dream house without the constant bombardment of ads. RealScout has several innovative features you can't find on any other real estate search engine, including a comparison feature that allows you to compare up to 3 homes side-by-side, room-by-room, to focus on the details you care about! RealScout email property alerts are also customized to cater to your wants and needs. Use my link for access to this awesome new search tool!
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 
Feb. 19, 2020

Our February 2020 Northern Colorado Real Estate eNewsLetter Is Now Available

Here is our February Northern Colorado Real Estate eNewsletter.  Click on this link to view this month's Real Estate Information.

https://conta.cc/2SQQZLh