Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market continues to adjust with opportunity present.

October data reflects the Northern Colorado real estate shift to a more normal market with added opportunity for buyers. Compared to last October, inventory continues to go up and some sellers are making price reductions.

Fort Collins detached homes sales volume decreased more than last month.

In comparison to 2021, closed sales decreased from $119,702,347 to $93,759,319 in October 2022. 136 detached homes were sold in October 2022 compared to 198 in 2021, a 31.31 percent decrease. A more significant decrease from prior year than the previous month saw.

Berthoud also experienced a decrease in their detached homes total sales.

Closed sales decreased 51.62 percent, a marked change from the prior month’s slight increase. The average sales home price increased, however, by 4.82 percent, from $663,944 last year to $695,948. Attached homes experienced a slight decrease in total sales volume from 2021 to this month.

Meanwhile, Timnath saw another increase year-over-year in detached homes sold.

Following a month-to-month trend, Timnath’s detached market went from 11 homes sold in October 2021 to 13 homes in October 2022, an 18.18 percent increase. In its attached market, Timnath also experienced an increase from 0 in 2021 to 8 in October 2022.

Boulder saw a significant decrease in sales volume year-over-year.

In the detached market, the total October sales volume went from $363,164,758 in October 2021 to $195,107,789 in October 2022, a decrease of 48.86 percent. The attached market also saw a decrease in closed sales from 136 in October 2021 to 90 last month.

Loveland followed the trend with another decrease in detached average home sales.

In Loveland’s detached market, residents saw 118 sales in October 2022 versus 145 in October 2021, an 18.62 percent decrease. Yet the average sales price for a detached home increased slightly from $559,971 in 2021 to $568,937.

*Updated November 3, 2022

Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market shifted in June.
If you’re thinking of buying or selling a house, there are interesting opportunities. 

Fort Collins detached homes sold for a record-high median price of $705,341.
In comparison to 2021, that is a 16.81 percent increase, up from $603,815. Fort Collins detached homes on average sell after 30 days, down slightly over the last couple months. 206 detached homes sold in May, down from 237 last year, however the sales volume was up 1.53 percent, emphasizing the increase in prices. Attached homes in Fort Collins saw a similar story, with 80 condo and townhome sales in May 2022 versus 98 in May 2021, down 18.37 percent. Sales volume has decreased in the attached market 25.91 percent year-over-year from $44,488,318 to $32,961,610. 

Average days on market increased significantly year-over-year for detached and attached homes in Berthoud.
Berthoud’s detached market experienced a 20.31 percent increase from 64 days in 2021 to 77 days in 2022, and its attached housing market saw a dramatic increase of 93 days in 2021 to 248.

Meanwhile, Timnath saw another decrease year-over-year in homes sold.
Timnath’s detached market went from 32 homes sold in May 2021 to 15 homes in May 2022, a 53.13 percent decrease. In its attached market, Timnath also experienced a slight decrease in home sales at 7 versus 5 in May 2022, a 28.57 percent decrease. All together, Timnath had 20 total sales for the month.

Boulder saw a slight decrease in sales volume year-over-year s, signifying a changing market.
In the detached market, the total May sales volume went from $174,801,836 in May 2021 to $171,474,892 in May 2022, a decrease of 1.90 percent. The condo and townhome market saw a more dramatic decrease of 23.23 percent in sales volume from $51,116,023 to $39,243,285.

Loveland saw a massive increase in detached average home sales.
In Loveland’s detached market, residents saw 165 sales in May 2022 versus 151 in May 2021with the average sales price for a detached home climbing from $545,860 to $619,888.

* Updated June 8, 2022. 

Colorado Real Estate News

How to Sell Your Home for More

Anyone can get lost in the vast real estate market. People looking to sell their home want it to be a quick and easy process, but the reality is often the opposite. There is a ladder of steps with many moving parts, from hiring a real estate agent, price estimations, determining the best time to sell and so much more!

However, selling your home doesn’t need to be daunting and strenuous. Properly marketing your home can make the value surge and quickly attract buyers. Consider these valuable approaches to maximize your profits.

Know When to Sell

The housing market can be highly volatile, and oftentimes demand can dictate prices. Home sellers must stay on top of current market trends to pinpoint the right time to sell. Since the onset of the pandemic, there has been a strong seller’s market nationwide, especially in Denver. 

However, Realtor.com predicts buyers will have better chances to find homes in 2022 and the seller’s market will increase in competitiveness. So it might be in the best interest of home sellers to sell sooner rather than later.

Convert Your Home into a House

Staging is the preparation of a property so it appeals to specific buyers. As the name suggests, it’s “setting the stage” and essentially the depersonalization of home. Staging should be one of the leading goals for all homesellers as it allows for buyers to visualize a property as their future home. 

According to the National Association of Realtors 2021 Profile of Home Staging, eighty-two percent of agents report that home staging makes this visualization easier. Although, for staging to pay off, homesellers must first know their target audience.

Know Your Buyer

Buyer demographics can vary from property to property, so it’s crucial to research ideal homebuyers that will pay top dollar. For example, a condo could appeal to younger buyers searching for their first place, whereas a single-family home would appeal to families seeking a move-in ready home. 

Proper Real Estate Marketing

An established real estate agency will take the time to research appropriate marketing techniques that attract the most buyers. Inadequate execution can jeopardize the client’s money, and it can be challenging to find a trustworthy agency. 

For over forty years, Kentwood has provided renowned service and local expertise to clients, so you won’t have to worry about placing your trust in our brokers

Selling your home is a big decision and should be employed with due diligence. These selling strategies will help you get started and provide you the basics of making the most off your sale.

Colorado Real Estate News

Frequently Asked Questions for Homesellers

You may be hesitant to sell your home. We get it. The memories are profound. Perhaps the window overlooking the willow tree will always be where your cat perched, or the bathroom is where you realized your family of three was soon to be a family of four. Although it may seem challenging to move on from your house, a new home will provide a better canvas for new memories to bloom in a space better catered to you and your family’s needs. So, let’s dig in and alleviate some questions you may have. 

1. Should I sell my home now? Why?

Absolutely. The real estate market is white-hot right now and homesellers are benefiting greatly. According to the Denver Metro Association of Realtors®’ June Market Trends Report, the average increase in active listings from April to May is 8.11 percent. However, May of 2021 saw a decrease of 20.01 percent, the most significant month-over-month decrease on record. The only other month-over-month decrease came in 2000 at 3.15 percent. With scarce inventory, millennials reaching peak homebuying years and the renewed importance of home, hungry buyers are clamoring to purchase properties and are willing to pay a premium for their dream home.

Are you not convinced? According to Realtor.com, the national median listing price increased 15.20 percent from the previous year, hitting $380,000. The market is on fire and waiting for you to capitalize on it, but sellers should act fast. Interest rates dipped below 3.00 percent at the end of May, but low rates won’t be here for the long term. Homebuyers have greater purchasing power with lower interest rates so selling your home now or within the next few months will earn you the most value for your residence.

2. Are there costs to selling my house?

Yes. Typically, you must pay 10 percent of your home’s value in fees and expenses. 

Selling expenses can break down into the following categories:

  • Prepping and staging your home 
  • Real estate agent’s commission
  • Repair costs
  • Seller concessions 
  • Homeownership costs
  • Closing costs 

However, with residential real estate’s close-to-list price of 105.92 percent in the Denver metro during May 2021, that additional income can take care of a great deal of the costs.

3. How long will it take to sell my house?

Waiting for your house to sell used to feel like watching paint dry. But the good news is that the average is much lower than you’d think. According to the Denver Metro Association of Realtors®’ June Market Trends Report, homes are flying off the shelves. May 2021’s residential real estate had average days in MLS of only 11 compared to 24 days a year ago. 

4. What can I do to maximize my profits?

Making your home as presentable and appealing will enable you to receive as much profit as possible. Consider fixing minor aspects of the house, such as leaky plumbing and loose doorknobs. Keeping the yard maintained is a simple fix that could make a significant difference—adding fresh mulch in flower beds or new pine straw to give an orderly first impression to prospective buyers. Presentation is everything. For some expert guidance, Kentwood’s unique Amplify service grants you access to a curated team of professionals trained on how to best enhance your home’s appearance and value with no cash out of your pocket until your property is sold. 


If you are on the fence about selling your home, you should strongly consider listing it now, as the conditions are primed to earn you a large amount of cash for your property. The memories and familiarity may seem challenging to move on from, but the comfort and joy that you created in your old house can be brought with and improved upon to make any new space your home, along with benefiting from a better-suited environment. For assistance with selling your residence and navigating our unique market conditions, contact an experienced Kentwood broker today.