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John Stegner
In this issue: 
Market Happenings
A Music Video Treat for You
What to do in NoCo
A Measure of this Year’s Coming Market
Inventories and affordability of homes continue to decline, as inflation, soaring sales prices, and surging mortgage interest rates reduce purchasing power. The sudden increase in rates and home prices means buyers are paying significantly more per month compared to this time last year, which may cause sales to slow as more buyers become priced out of the market. It is going to be a year of challenges for home buyers.
New Valuable Added Service - ePropertyWatch
We are making this 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 39.6 percent for single family homes and 36.1 percent for townhouse-condo properties. Pending Sales landed at 151 for single family homes and 71 for townhouse-condo properties.
The Median Sales Price was up 15.7 percent to $541,000 for single family homes and 19.2 percent to $387,500 for townhouse-condo properties. Days on Market decreased 29.3 percent for single family homes and 9.6 percent for townhouse-condo properties.
For many buyers, 2022 marks a new opportunity to make their home purchase dreams a reality. But it won’t be without its challenges. Inventory of existing homes was at 910,000 at the start of the new year, the lowest level recorded since 1999, according to the National Association of REALTORS®, and competition remains fierce. Affordability continues to decline, as inflation, soaring sales prices, and surging mortgage interest rates reduce purchasing power. The sudden increase in rates and home prices means buyers are paying significantly more per month compared to this time last year, which may cause sales to slow as more buyers become priced out of 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 towns' 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.
This Month's Treat – Another Great Music Video by 3 Talented Young Artists.
 
One often sees Real Estate eNewsLetters providing subscribers with recipes – usually some type of tasty treat – I would like to offer you a different and unique kind of treat. This beautiful video combines the work of a brother, sister and their cousin. The music and lyrics are by Mia Stegner, the choreographed performance by Summer Bode and the cinematography by Evan Bode. Enjoy!
What to do in NoCo:
Finally, for a list of more events in Northern Colorado check out this link!