Northern Colorado Real Estate Market Report September 2018

The market has cooled slightly with the rise in interest rates and the time of year.  But we’re still seeing fairly strong appreciation rates of 3-10% depending on the area. Considering that interest rates have increased almost a full point over the last year, we expected a more significant market cool off and perhaps a slight decline in prices, but the cool off has been minimal. It’s a testament to the fundamental strength of our market.
As you can see below, markets with a lower median price like Greeley and Loveland are appreciating much faster than more expensive parts of Northern Colorado.  With median price points nearing $400k in much of our area, lower-priced communities are getting a lot of attention!
September and October are especially slow months for real estate. It’s the back to school slump that we see each year. The number of homes listed and sold drops significantly but it can be a great time for buyers to find deals. More than any other time of year, early fall will have some sellers scratching their heads, wondering why their home is sitting unsold. They may be open to knocking a significant chunk off the list price. On the other hand, properly priced homes, especially under $500k are still commonly selling in a few days and receiving multiple offers over list price.

Fort Collins

Median Price: $405,000 UP 4.4% when compared to September 2017
Average home sold for: 97.8% of list price UP 0.6% from September 2017
Homes for Sale in September:  356 DOWN from 414 in September 2017
On the market for on average:  53 days
Average time to offer acceptance:  8 days

 

Loveland

Median Price: $360,000 UP 8.4% when compared to September 2017
Average home sold for:  98.4% of list price UP 0.3% from September 2017
Homes for Sale in September:  219 DOWN from 251 in September 2017
On the market for on average: 67 days
Average time to offer acceptance:  24 days

 

Greeley

Median Price:   $310,000 UP 9.4% when compared to September 2017
Average home sold for:   99.8% of list price UP 0.3% from September 2017
Homes for Sale in September:  191 UP from 185 in September 2017
On the market for on average:  71 days
Average time to offer acceptance:  26 days

 

Windsor

Median Price:   $430,880 UP 2.7% when compared to September 2017
Average home sold for:  98.4% of list price DOWN 0.5% from September 2017
Homes for Sale in September:  221 DOWN from 258 in September 2017
On the market for on average:  81 days
Average time to offer acceptance:  26 days

 

Longmont

Median Price:   $415,000 UP 3.8% when compared to September 2017
Average home sold for:   97.6% of list price DOWN 0.3% from September 2017
Homes for Sale in September:  251 DOWN from 268 in September 2017
On the market for on average:  55 days
Average time to offer acceptance:  10 days

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Ryan Jenkins

BROKER OWNER One of the most rewarding parts of my job is when a client realizes that their best interest is more important to me than the paycheck. When you put a client’s needs above your own, you earn their business for life. Today I am very proud to say that day in and day out, I see each agent at Grey Rock Realty striving for this standard. We are not the biggest real estate brokerage in Fort Collins, but we are the best. Find out why more and more people are finding a better real estate experience at Grey Rock Realty.

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