I don’t know about you, but I’ve noticed signs of a very interesting, and possibly robust Spring in the Real Estate market. Developers are “moving dirt” as we used to say in the building industry, which means they are grading properties in preparation of building on them. These sites are popping up like daisies in the Springtime in East and Southeast Fort Collins.
Fort Collins Home Building
Driving on South Timberline, Kechter road has been closed for the last week and a half, as they prepare some of the infrastructure improvements (sewer lines, utilities, etc.) for a couple new developments in Southeast Fort Collins. Not only is Ryland Homes opening McClelland’s Creek this Spring, which I previously wrote an article on (click here to read it), but I’ve also received three different “neighborhood meeting notices” on plots of land where future development is planned. A meeting notice is one of several requirements that a developer must meet when going through the planning stages of a new community. One of the notices was for Mail Creek Residential Development, which is what the work on Kechter was for. This is a proposed 141 lot single family detached housing development – watch for additional details on this and other neighborhoods here on our website!
Dirt is being moved, Houses are being Built
As you drive North on Timberline just past Drake, there is dirt all around! On the west side, these are said to be apartment buildings going up, which will hope to slightly ease the demand for rentals in Fort Collins. Northern Colorado still boasts one of the lowest rental vacancy factors in all of Colorado, and the nation for that matter. Across the street, East of Drake is the final stage of a development called The Willows at Rigden Farm. Bridgefield, LLC is the developer and will be finishing with 3-plex and 4-plex townhomes, priced from the low 200’s. Again, keep checking back for details, and we will post them as we get them.
It’s a wonderful time to be considering either buying or selling real estate. If you’re selling, inventory remains low, and with demand likely increasing further this Spring, it’s a great time to get your home ready to sell. With today’s interest rates, it’s likely you could purchase more home than you have, and keep your payment the same. If you’re ready to buy, you are positioned well to take advantage of some short range appreciation in today’s Fort Collins and Northern Colorado market. Please reach out to us if you have any questions at all or are ready to take that next step!