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%.

β€œThe 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