Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market continues to show a seasonal adjustment amidst economic factors.
The data continues to confirm that the Northern Colorado area has shifted to a much-needed and more even playing field. Compared to last August, inventory continues to go up and the northern market continues to see price reductions.

Fort Collins detached homes sale volume decreased by 13.41 percent, keeping with the trend of the last few months.
In comparison to 2021, the decrease went from $126,426,514 to $109,470,816 in September 2022. However, 161 detached homes were sold in September 2022 compared to 215 in 2021, a 25.12 percent decrease. Attached home sales were also significantly down from the previous year, from 88 in September 2021 to 54 this year, a 38.64 percent decrease overall with the sales volume decreasing 25.04 percent from $29,935,459 in 2021 to $22,439,395.

Berthoud, on the other hand, experienced a slight increase in their detached homes price total sales.
At $21,062,909 in September 2022, versus $22,366,438 in September 2021, this was a 6.19 percent decrease. The average sales home price increased significantly as well, at 28.94, from $619,497 last year to $798,801. Attached homes, however, experienced a dramatic decrease in total sales volume from $2,250,000 in 2021 to $434,000 this month due to only one attached sale for the month.

Meanwhile, Timnath saw a substantial increase year-over-year in detached homes sold.
Bucking a month-to-month trend, Timnath’s detached market went from 17 homes sold in September 2021 to 21 homes in September 2022, a 23.53 percent increase. In its attached market, Timnath also experienced a dramatic increase from 0 in 2021 to 8 in September 2022.

Boulder saw a massive increase in detached sales volume year-over-year while seeing a decrease in detached home sales.
In the detached market, the total September sales volume went from $16,590,706 in September 2021 to $111,755,188 in September 2022, an increase of 573.60 percent. However, the attached market saw a decrease in sales again from 80 in September 2021 to 56 this month.

Loveland saw another decrease in detached average home sales.
In Loveland’s detached market, residents saw 168 sales in September 2022 versus 125 in September 2021, a 25.60 percent increase, with the average sales price for a detached home increasing from $564,364 in 2021 to $596,663.

Colorado Real Estate News

Hidden Gems in Northern Colorado

Think you’ve seen all there is to see in Northern Colorado? Think again! From sculptures to a shoe-making school, experience a few of the following hidden gems from our Northern Colorado bucket list.

Swetsville Zoo – 4801 E. Harmony Road, Fort Collins, CO 80528
Though not a real zoo with live animals, this roadside attraction is filled with over 180 unique and wacky metal sculptures, welded from car parts, scrap metal and farm machinery, by “zookeeper” Bill Swets. Located just off the Poudre River, this is definitely worth the detour. It is free to the public and open during daylight hours, with donations accepted. Learn more about Bill Swets and his legacy, here.

White Pine Fire Lookout – 3745 E. Prospect Road, Fort Collins, CO 80525
Located within the Running Deer Natural Area, this converted wildlife viewing pavilion was
once the top of a fire lookout tower on White Pine Mountain until 1967. As the name suggests, if you make the trip out here, there’s a good chance you could spot some mule deer or whitetail deer during your visit. Be sure to leave your bikes and dogs at home, as they are not permitted in the natural area.

Howling Cow Cafe – 5821 W. Colorado Road 54E, Bellvue, CO 80512
Howling Cow Cafe is located on the Morning Fresh Dairy Farm, home to the famous Noosa Yoghurt. Pop in for an espresso and a bagel sandwich and enjoy it on the patio. When you’re finished, there are paths and green spaces nearby that you can check out as well. The farm also has Halloween tours coming up in October for $10 if you’re looking for a fun, spooky activity for everyone!

Colorado Shoe School – 2829 N. Colorado Road 23, Bellvue, CO 80512
Make your own pair of Chuck Taylor’s at the Colorado Shoe School! This full-day activity takes
you from start to finish through the shoemaking process using vegetable-tanned leather and soles
made from recycled tennis balls. They also offer multiple-day workshops for other types of
footwear like boots! A 50 percent deposit is required to secure your workshop spot on the
Colorado Shoe School website.

Faces Bridge – 700 N. Wilson Ave. Loveland, CO 80537
A collection of more than 25 bronze faces, crafted by Randy Hand, reside under this Loveland
bridge just to the right of Wilson Avenue. Faces range in design, from peculiar and abstract to
those that may very well look like your next-door neighbor. There’s even a face of an alien!
Whether you want to explore more of what Northern Colorado has to offer for just an hour or
two on a Sunday, or plan an all-day adventure, these attractions and activities are
sure to delight.

Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market reflects a seasonal adjustment.

The data indicates the NOCO market area has shifted to a more even playing field between buyers and sellers. Compared to August 2021, inventory and days on market have gradually increased, and the market is beginning to see some price reductions.

Fort Collins detached homes sales volume decreased by 31.24%.

183 detached homes were sold in August 2022 compared to 240 in 2021, a 23.75% decrease in number of closings. Attached home sales were also significantly down from the previous year, from 79 in August 2021 to 66 this year.

Loveland detached home sales declined in August.

In Loveland’s detached market, residents saw 131 sales in August 2022 versus 171 in August 2021, a 23.39% decrease, yet the average sales price for a detached home climbed from $540,056 in 2021 to

$600,393 this year. Indicating that demand remains steady.

Boulder’s increase in sales volume year-over-year underscores resilience.

In the detached market, the total August sales volume went from $145,410,217 in 2021 to

$154,873,289 in 2022, an increase of 6.51%. However, the attached market saw a decrease in sales from 89 in August 2021 to 72 this month. Boulder is a destination and a lifestyle choice, with opportunity for both buyers and sellers.

Berthoud saw an increase in detached home prices.

Year over year in August there was a 35.66% decrease in closings. However, the average home price increased 5%, from $630,742 average price last year to $664,089 this year. Attached homes experienced an increase in total sales volume in August 2022.

Decreases year-over-year in Timnath detached homes sold.

Following a recent trend, Timnath’s detached market went from 30 homes sold in August 2021 to 13 in August 2022, a 56.67% decrease. In the attached market, Timnath experienced a decrease from 12 to 4 units sold in August. There is still opportunity for well-positioned Timnath sellers.

* Updated September 7, 2022.

Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market continues to respond to economic factors in July.
The data confirms that the Denver Metro area is no longer in a shifting market; it has indeed shifted. Compared to last July, inventory has gone up which is why we are seeing more price reductions.


Fort Collins detached homes sale volume decreased by nearly 30 percent in July.
In comparison to 2021, that is a 28.41 percent decrease from $158,120,824 to $113,202,431 in July 2022. 168 detached homes were sold in July 2022 compared to 265 in 2021, a 36.60 decrease. Attached home sales were also significantly down from the previous year, from 90 in July 2021 to 55 this year, a 38.89 percent decrease overall with the sales volume decreasing 32.33 percent from $32,975,902 in 2021 to $22,314,726.


Berthoud experienced a significant increase in their detached homes price average.
At $739,843 in July 2022, versus $712,956 in June 2022, this was a 28.91 percent increase from July 2021 when it was $573,926. Attached homes, meanwhile, also experienced an increase in total sales volume from $1,792,000 in 2021 to $2,707,300 this month.


Meanwhile, Timnath saw another substantial decrease year-over-year in detached homes sold.
Following a month-to-month trend, Timnath’s detached market went from 32 homes sold in July 2021 to 14 homes in July 2022, a 56.25 percent decrease. In its attached market, however, Timnath experienced an increase at 5 versus 2 in July 2022, a 150.00 percent increase.


Boulder saw a substantial decrease in sales volume year-over-year, showing the changing market.
In the detached market, the total July sales volume went from $210,492,952 in July 2021 to $113,881,584 in July 2022, a
decrease of 45.90 percent. The condo and townhome attached market saw a decrease in sales of 33.71 percent from 89 in July 2021 to 59 this month.


Loveland saw an increase in detached average home sales.
In Loveland’s detached market, residents saw 124 sales in July 2022 versus 193 in June 2021, a 35.75 percent increase, with the average sales price for a detached home climbing from $533,186 to $659,536.

*Updated August 6, 2022.

Colorado Real Estate News

A LOOK INSIDE A U.S. LUXURY FIRM: COLORADO’S KENTWOOD REAL ESTATE

A Look Inside a U.S. Luxury Firm: Colorado’s Kentwood Real Estate
Graphic credit: RISMedia

From Gretchen Rosenberg:

Many luxury consumers have purchased their dream home in the past 24 months and have also purchased second and third homes. They may be content to enjoy those homes for now, and step aside from trading real estate while they see how the economic transition shakes out. Luxury sellers will need to carefully present their homes as beautiful spaces and price them more aggressively than they would have in 2021. Time on market will increase. The luxury market waxes and wanes like any market, but not always in tangent with mid- and entry-level home markets. Luxury will always have a place, and luxury consumers love beautiful statement homes.

At Kentwood over the past two years we’ve seen an average of 20-25% of our sales be cash, month in and month out. These are buyers who have big jobs and saved, inherited wealth or traded equities for a real estate investment. We don’t anticipate this to dramatically change for two reasons: if price increases flatten or decline, buyers will want to “buy the dip” knowing that long term, real estate will remain a good investment; and as the equities markets correct, more people are cashing out and will want a place to invest that cash.

Luxury consumers’ demands have increased since the pandemic. They expect the highest service and immediate attention. Service providers in the luxury space who anticipate customers’ needs and address them proactively will create long-term relationships and loyalty.

Luxury is a large amount of sales volume, but it’s a smaller percentage of annual sales. While we anticipate the real estate markets to cease being such an insane buyer’s market, we don’t anticipate a pendulum swing over the next few months to be an extreme buyers’ market. We anticipate a shift to more balance, more time on market (one weekend was uncomfortably fast for buyers to make a decision) and more negotiating from both sides.

From Dierk Herbermann:

While there may be a shift in the luxury market in most other major metros, we are not seeing that impact in the Denver Metro region yet. Through May we have closed 33% more luxury listings (over $1 million) with an increase of price per square foot of 8.7% and sales prices at an average of 5.2% over the list price.

While it is too early to tell what true impact the increased mortgage rates will have on the luxury market looking at the first half of June where 104 new listings over $1.8 million have hit the market, over half of those listings are already under contract (66). We are starting to see some price reductions, but of the 75 luxury listings (over $1.8 million) that have closed since June 1, only 10 of those were at a price below the list price.

Colorado, and the Denver Metro market in particular, continue to experience an influx of companies from California, New York, and Europe looking for our educated and talented workforce, relatively affordability and lifestyle. As was the case during the 2007-8 recession, this will help to insulate the Denver Metro Area from the downward housing pressures that were experienced in most of the U.S. While there will be some decrease in demand and potential price corrections in certain areas, we feel that Colorado will continue to be a strong luxury market.

*Originally published by RISMedia July 12, 2022

Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market continues to react to economic factors in June.
Fort Collins saw the most inventory on the market since September 2020, suggesting buyer demand has decreased a bit in the current climate.

Fort Collins detached homes sold for a record-high median price of $720,960.
In comparison to 2021, that is a 24.30 percent increase, up from $580,015. Fort Collins detached homes on average sell after 32 days, which is not much from this time last year when it was 26 days on the market but is a lagging indicator that suggests days on the market will grow. 226 detached homes sold in June, down from 266 last year, however, the sales volume was up 5.61 percent. Attached homes in Fort Collins saw a similar story, with 81 condo and townhome sales in June versus 123 in June 2021, down 34.15 percent.

Berthoud saw a significant increase in their detached homes price average.
At $712,956 in June 2022, this was a 24.59 percent increase from 2021 when it was $572,224. Likely impacting this
number some is that 52 detached homes were sold in June 2022 versus 45 in June 2021.

Meanwhile, Timnath saw another substantial decrease year-over-year in detached homes sold.
Timnath’s detached market went from 42 homes sold in June 2021 to 21 homes in June 2022, a 50 percent
decrease. In its attached market, however, Timnath experienced a substantial increase at 11 versus 1 in June 2022, a 1000 percent increase. All together, Timnath had 32 total sales for the month.

Boulder saw a substantial decrease in sales volume year-over-year, signifying the changing market.
In the detached market, the total June sales volume went from $218,473,943 in June 2021 to $161,868,300 in June
2022, a decrease of 25.91 percent. The condo and townhome attached market saw a decrease in sales of 23.16 percent from 95 in June 2021 to 73 this month.

Loveland saw a decrease as well in detached average home sales.
In Loveland’s detached market, residents saw 160 sales in June 2022 versus 205 in June 2021 with the average sales price for a detached home climbing from $515,779 to $585,152.

*Updated July 8, 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

Parks in Northern Colorado to Visit This Spring

Spring has sprung and now is the perfect time to get outside and get a breath of fresh air. And what better place to refresh and reset than in a beautiful Colorado park. There’s never a shortage of options to choose from; there are over 50 parks in the NoCo area. Keep reading to find a park to spend your time, whether you’re looking for a dog, city or state park: 

City Parks: 

Fort Collins City Park

Fort Collins City Park is a great place to spend your days, sitting under a shady tree, reading a good book. There are perfect places to have a picnic, tennis courts and Sheldon Lake to walk around and enjoy the outdoors. 

Creekside Park

With a soothing creek rushing through the park, this is another idyllic place to enjoy a picnic or a good book. There is also a walking and bike path to connect you to different spots in Fort Collins. 

Dog Parks: 

Fossil Creek Dog Park

Located in the heart of Fort Collins, Fossil Creek Dog Park is a great place to spend your days with your furry friends. There are some benches and shady trees to enjoy watching your dog play with others. There is a separate fenced-off area for small dogs and shy dogs as well.

Twin Silo Dog Park

Another big dog park in Fort Collins where dogs are welcomed to be off of their leashes to run freely and play with other dogs. There is an area for small and shy dogs to hang out, too! There are plenty of water stations and poop bags available for anyone who needs them.

State Parks: 

Lory State Park

Lory State Park is a fantastic place to hike, fish, or just escape the hustle and bustle of everyday life. There are several trails to choose from, no matter what type of hiker you are. Be sure to bring a camera because this place has amazing views!

Boyd Lake State Park

With nice camping spots and walking trails around the lake, this is the perfect place to spend your weekends this spring. They have parks, swings and horseshoe pits to enjoy as well. Swimming, kayaking, and paddleboarding are highly recommended so make sure to bring your swimsuits! Boat rentals are available, as well.

There is not a shortage of places to spend your spring days in Northern Colorado. This spring has been a warm one, so make sure to get out there and enjoy the sunshine and amazing views that this state has to offer.

Colorado Real Estate News

Top 5 Renovation Trends for 2022

As working remotely has become more popular, a place where you live and work needs to be one that you love! Lots of homeowners and buyers have begun to upgrade their living environment, and if you’re looking to do the same, here are some of the top trending renovation ideas for this year.

1. Large Primary Bedrooms 

One of the most popular renovation trends has been the ever-growing size and popularity of the primary bedroom. Things that were once considered a luxury such as walk-in showers, double vanities, and touchless faucets, have become more of a necessity. Personal hygiene has become more important than ever and that is reflected in the growing demand for larger primary bedrooms fit for royalty. 

2. Colored Cabinets 

While white cabinets might always be the safe way to go when choosing the right color for your kitchen, more and more people are choosing to spice things up. Spending more time at home has led many to reflect on the personality of their indoor environments, and adding a pop of color to traditionally bland spaces has been a major growing trend this year. Some especially popular colors have been greens, soft yellows and brownish-pinks.

3. Black Design Accents 

Though you can never go wrong with white cabinets, one trend that has become very popular is the implementation of black accents in several areas of the home. It is famous for adding depth and an edgy feel to a minimalistic/contemporary design.

4. Creating an Office Space 

During the pandemic, everyone got a taste of what it was like to work from home. As a result, the demand for home office spaces has skyrocketed. Many have already begun to turn spare rooms or unused garage space into work areas for when they don’t need to come into the office. For the homeowner working from home, this renovation remains essential. 

5. Outdoor Transformation. 

After some time away from crowds, people have realized the value of beautiful outdoor spaces as a way to rest and relax. Many will spend more time on their deck or patio while looking for ways to upgrade their “getaway” space. As a result, outdoor furniture and decorations are a huge trend for the summer of 2022. 

As we begin to work outside of the office more and more, it is important that our homes, and now work environments, look their best. With these trending 2022 renovations, you can keep your home looking modern and up to date.   

Colorado Real Estate News

It’s Selling Season

Recently a couple who I represented many years ago told me they might be selling their local home and moving to a Colorado resort community. Their question was, “when is the best time of year to put our house on the market?”

If you’re ready to move, you have an incredible opportunity in front of you today. Our expert brokers at Kentwood Real Estate will help you determine when to list your home, but generally our top sales prices are seen between February and May every year.

Looking at the big picture, the opportunity you have as a seller today is unprecedented. Last year was a hot sellers’ market. This year, inventory is even lower, which means the opportunity to sell remains high. Finding your next home in a market with low inventory can be challenging, but is that a large enough concern to pass up some of the best conditions sellers have ever seen?

According to the National Association of Realtors, in February, the average home sold received 4.8 offersWhen buyers are competing like this, they’ll do what they can to make their offer stand out. This could play to your favor and mean you’ll see fewer contingencies; more cash offers and offers over asking price. Selling when demand is high, and supply is low sets you up for a win.

If you’re also looking to buy a house, you may wonder if you’ll have trouble finding your next home. Remember that perspective is key. As Danielle Hale, Chief Economist at realtor.comsays:

The limited number of homes for sale is a lesson in perspective. This same stat that frustrates would-be homebuyers also means that today’s home sellers enjoy more limited competition than last year’s home sellers.”

You have an incredible advantage when you sell your house under these conditions. Since buyer demand is so high at a time when seller listings are so low, there’s a good chance buyers will be competing for your house. An experienced broker can next help you navigate the purchase process.

Today, there are far more buyers looking for homes than sellers listing their houses. Connect with a Kentwood Real Estate Broker so you have expertise on your side to help you win when you sell and when you buy.