Most Active

Loving young couple looking at dream house.

Here’s a question we sometimes hear…

“What is the most active price range in our market?”

For most of Northern Colorado, the range of $300,000 to $500,000 is far and away the most active (no surprise there). For example, in Fort Collins there are more than three times as many sales in this price range compared to the range of $500,000 to $700,000.

The one exception is Greeley. In Greeley the most active price range is under $300,000. This price range has twice as many sales as the $300,000 to $500,000 range. Why is this true for Greeley and not other places? You guessed it – it’s because the other locations don’t have much inventory under $300,000.

It’s interesting to note that in Fort Collins there are more sales in the $500,000 to $700,000 range than the under $300,000 range. This was not the case even one year ago.

The market is changing right before our eyes.

Posted on April 23, 2018 at 8:33 pm
John Taylor | Category: Northern Colorado Real Estate | Tagged , ,

Northern Colorado isn’t the only place with limited inventory.

Metro Denver is short by 10,000 listings.

The average number of homes for sale for this time of year in the Denver area, going all the way back to 1985, is 14,309.

Right now there are 4,084 residential properties on the market. This is a difference of 10,225 listings compared to the long-term average.

The peak was 2008 when there were 25,037 listings. The lowest year was last year with 3,878 (a drop of 21,159 in 9 years?!).

The good news for buyers is that inventory is up 5% compared to last year. Another piece of good news is that the Spring tends to produce the highest amount of inventory for buyers to pick from.

Find your home at:  www.realtorjohntaylor.com
Posted on March 10, 2018 at 9:18 pm
John Taylor | Category: Northern Colorado Real Estate | Tagged , , , ,

At Least List

2018 is off to a flying start according to one measure we use frequently.

An interesting stat is one we call “At Least List.” It tracks how many homes sell for at least list price.

Because of low inventory in some price ranges and the high demand that exists in our market, many homes sell for exactly list price or even higher.

In February 47% of the single family homes in Larimer County and 69% of the single family homes in Weld County sold for at least list price.

Posted on March 6, 2018 at 8:20 pm
John Taylor | Category: Northern Colorado Real Estate | Tagged , , ,