John Stegner
In this issue: 
Market Happenings
What to do in NoCo

Something to Remember about This Year’s Market

“The 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 up 1.3 percent for single family homes but decreased 16.4 percent for townhouse-condo properties. Pending Sales landed at 353 for single family homes and 95 for townhouse-condo properties.

The Median Sales Price was up 12.6 percent to $506,750 for single family homes and 12.6 percent to $354,000 for townhouse-condo properties. Days on Market decreased 35.8 percent for single family homes and 37.0 percent for townhouse-condo properties.

The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory, forcing some buyers to simply wait it out in hopes of more inventory and less competition. Meanwhile, home builders are trying to meet the increased market demand, with housing starts up 3.6% in May from April, according to the Commerce Department. As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes.”


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