Colorado Real Estate News

Northern Colorado Market Trends

In the world of housing, anticipation has been hanging heavy on the Federal Reserve’s every move. With promises of interest rate cuts looming, the anticipation is notable across the American economy. While the cuts remain pending, the residential real estate market in Northern Colorado has wasted no time in forging ahead into 2024 on a positive note, as we begin to look ahead towards spring. Many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase.Residential real estate sales in February have largely shown an upward trend compared to the previous month in both the Boulder Valley and Northern Colorado.

In Fort Collins, February witnessed a significant surge in detached closed sales, leaping from 91 in February 2023 to 107 in 2024, marking a notable 17.58 percent increase. Moreover, closed sales volume experienced a healthy uptick of 12.26 percent, reaching $69,155,989 for last month. The average sales price for detached properties was the sole decline year-over-year, dipping from $683,033 to $652,095. Conversely, in the attached segment of the market, the average sales price saw an increase of 5.84 percent, reaching $418,284. However, closed sales in this category dropped by 15 percent to 34 in 2024, with closed sales volume down by 10.04 percent year-over-year to $14,22,644.

In Loveland, the market followed a more seasonal trajectory, with detached closed sales decreasing from 85 in 2023 to 71 in 2024, marking a 16.47 percent decline year-over-year. Closed sales volume also experienced a dip of 10.22 percent this Feburary, totaling $42,870,393, aligning with typical February trends. Attached sales mirrored this downward trend, dropping by 26.32 percent year-over-year to 14, with closed sales volume down by 25.59 percent to $5,805,724 as well.

Boulder, on the other hand, defied the usual winter slowdown, boasting a remarkable 67.97 percent surge in detached home sales, skyrocketing from 128 to 215 transactions. The closed sales volume for detached properties similarly soared by 59.72 percent from the previous year, reaching $232,913,413. The attached segment also experienced a surge in closed sales, climbing from 77 to 97 in February 2024, representing a notable 25.97 percent increase. However, the average days on the market increased by 31.15 percent year-over-year, rising from 61 to 80 days.

In Berthoud, detached closed sales saw an uptick of 11.54 percent, rising from 26 to 29 year-over-year. Overall, the closed sales volume for detached properties experienced a marginal decline of 2.00 percent, amounting to $19,975,452. Conversely, in the attached market, all indicators pointed downwards, with closed sales going down from 6 to 1, and an 86.30 percent decrease in closed sales volume, dropping from $3,393,82 to $464,990, mirroring the typical seasonal slowdown. 

“As the spring season unfolds, Northern Colorado’s real estate market stands resilient amidst interest rate movements. With the excitement of spring fever, sellers are seizing the moment, navigating the market with confidence and optimism” said Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties.

*Updated March 15, 2024

Colorado Real Estate News

Northern Colorado Market Trends

After a bit of a lackluster close to 2023, the real estate landscape in NoCo is showing signs of a resurgence in 2024. Market analysts attribute this shift to the anticipated decline in interest rates, creating a renewed sense of activity. In January, the housing scene witnessed a flurry of new listings, sparked possibly by the downward tick in interest rates. Across the region, the year-over-year surge in new listings was remarkable, ranging from the high teens in Boulder to an impressive nearly 49 percent spike in Greeley, closely trailed by Longmont at 40.4 percent. These surges seem to be more than just the result of new construction or sudden seller decisions; they reflect the palpable excitement among sellers fueled by the prospect of declining interest rates.

In Fort Collins, January experienced a dip in closed sales for detached homes. However, attached homes remained steady compared to the previous month. Closed sales are a measure of the properties that went under contract the previous 30-45 days. With the holidays in December, it’s no surprise to see January closings dip. This is the seasonality we so often talk about in real estate.

The average sale price for detached homes in Fort Collins witnessed a significant month-over-month increase, jumping from $745,802 in December 2023 to $806,482, marking a substantial 27.79 percent rise since January 2023. Average days on the market reached 73 in January 2024, up from 65 the month before and marking a 15.87 percent increase year-over-year. Attached homes also experienced a noteworthy year-over-year increase in average sales volume, rising from $9,985,145 in January 2023 to $13,310,464 in January 2024.

Loveland observed a modest uptick in detached home sales from 62 last month to 71 this month but faced a significant decrease in closed sales volume from $54,459,243 in January 2023 to $37,517,659 last month, reflecting a substantial 31.11 percent decrease year-over-year. This month, the average sales price for detached homes in Loveland witnessed a more pronounced 34.02 percent drop, sliding from $800,871 in January 2023 to $528,418 in the current month.

Boulder experienced a surge in detached home sales, recording a substantial 38.39 percent year-over-year increase in January, leaping from 112 to 155 transactions. The closed sales volume in the detached sector also soared by 18.84 percent last month to $181,174,051, underscoring heightened interest in the attached property market. However, the attached segment saw a 10.29 percent decrease in closed sales, dropping from 68 to 61 in January 2024, with average days on the market rising by 32.73 percent from 55 to 73 year-over-year.

Berthoud witnessed declines in both detached and attached closed sales, with a 50.00 percent dip in detached and a significant 100 percent drop in attached sales. Overall, closed sales volume decreased by 58.81 percent in detached and a substantial 100 percent in attached properties as no attached properties were sold this past month in the region.

“We are witnessing a promising resurgence in NoCo’s real estate scene throughout 2024,” said Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties. “This momentum is fueled by the anticipated decline in interest rates, igniting excitement among sellers. From the increase in listings to the evolving sales dynamics, the market reflects a noticeable sense of anticipation and change.” 

*Updated February 18, 2024 

Colorado Real Estate News

Northern Colorado Market Trends

2024 is here and the housing market is ready for action. Demand for housing in Colorado remains strong, which bodes well for the new year. However, after months of the market swinging towards more buyer-friendly, we are interested to see what lies ahead as housing experts suspect the pendulum is starting to come back towards sellers. December, however, followed what we tend to see in the market: a bit of a slowdown while families and friends get together and celebrate the holidays. 

In Fort Collins, residential real estate stayed right on course, with 102 detached homes sold, mirroring the previous month of 106. Attached homes also stayed on par with the previous month and nearly the same year over year at 41 versus 39 in 2022. The average sale price for detached homes in Fort Collins currently stands at $745,802, indicating a 14.84 percent increase since 2022. With the holiday season it’s really no surprise but sellers also noted another uptick in the average days on the market to round out the year, reaching 65 from 59. Attached homes, meanwhile, saw a pretty dramatic decrease year-over-year in average days on the market from 102 in 2022 to 71 in December 2023. All in all, total closed sales volume was unsurprisingly a whopping 39.45 percent higher than the previous December 2022 from $54,549,616 to $76,071,832 at the end of 2023.

Loveland followed a path of its own during the final holiday month, witnessing a slight decrease in detached home sales from 70 to 62 month-over-month, but experiencing an 23.30 percent decrease in the closed sales volume to $34,553,865 from $45,051,245 in December, 2022. However, the average sales price wasn’t much to bat an eye at, decreasing from $585,081 to $557,337, an only 4.74 percent drop year-over-year.

Boulder, recently named one of the most peaceful places to live, stands out with its jump in attached home sales of 27.03 percent year-over-year in December, from 74 to 94. Closed sales volume in the attached sector also shot up 17.84 percent last month to $50,238,370, reflecting people’s  increased interest in buying in the attached arena. Boulder’s desirability remains evident in that it almost always reflects an increase in detached closed sales volume with last month being no different, showing that the holiday season doesn’t really affect this mountain city. Closed volume sales in the detached category rose 4.16 percent to $173,116,872. Days on the market remain consistent with recent trends at 79.

Last but certainly not least, Berthoud chose to represent the typical December trend of slowing down so people can celebrate the holidays. Closed sales were down in both detached and attached sectors, at 10.34 percent in detached and 66.67 in attached, though we should note that is only the difference between 6 in 2022 to 2 in 2023, which explains the staggering number. Overall, closed sales volume in detached was down 20.81 percent and 73.42 percent in attached. 

“In the dynamic landscape of Colorado’s housing market, 2024 brings much anticipation as the pendulum shifts back towards sellers,” said Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties. “Fort Collins maintains stability with increased sale prices, while Loveland experiences a slight dip and Boulder sees a surge in attached home sales. Buyer-favorable conditions may shift shaped by evolving dynamics and persistent low inventory levels.”

Over the past 12 months the market has tilted in favor of buyers. Seller concessions have played a key role in incentivizing buyers; while new listings have decreased year over year, and sales have slightly slowed. However, with the convergence of interest rates drops and the persistent, continued low inventory levels, and 2023 being recorded as the slowest year for US home sales in nearly 30 years, the market is reshaping real estate once again. This time, it will likely again place buyers on the back foot, making 2024 another busy year ahead.

*Updated January 19, 2024 

Colorado Real Estate News

Northern Colorado Market Trends

As the holiday season takes over December in its festive spirit, it presents an opportune moment for homeowners and buyers in North Colorado. Currently, buyers wield more influence than they did in 2022. Further reductions in interest rates combined with limited inventory could swiftly tip the scales back to favoring sellers. The signs are evident as homes start to again attract multiple offers, a trend expected to intensify in the coming year with the projected low inventory and continued lower interest rates in 2024. Sellers, in particular, can redefine their outlook as they prepare to enter the market, recognizing that a swift sale is excellent, but a more extended timeframe is also not a bad reality in the current market dynamics.

In Fort Collins, the real estate landscape reflects resilience, with 106 detached homes sold, mirroring the previous month. Attached homes, in contrast, experienced a substantial year-over-year increase, rising from 36 to 49 units sold. The average sale price for detached homes in Fort Collins currently stands at $625,921, indicating a slight dip from the previous month. Sellers are also noting another uptick in the average days on the market, reaching 59. Attached homes emerged as the market winners last month, boasting a closed sales volume of $19,922,368, a remarkable 21.91 percent increase from the previous year.

Loveland follows a similar trajectory on par with the holiday months, witnessing a decrease in detached home sales from 102 to 70, yet experiencing an 18.17 percent surge in the average sales price to $637,893. The average percent of the original list price for detached homes remained relatively steady at 96.3 percent compared to the previous year’s 95.4 percent.

In the scenic town of Windsor, there was a November decline in closed sales volume. The average days on the market for detached homes rose by 9.84 percent, a moderate increase. Despite a slight decrease in the average detached home price to $751,162, Windsor continues to showcase resilience with a 2.18 percent increase in number of closed sales for detached homes.

Boulder, as almost always, stands out with a 13.64 percent increase in closed detached sales despite a 2.66 percent decrease in overall closed sales, which includes attached homes. The enduring desirability of Boulder is evident in the impressive 13.64 percent rise in average closed sales volume for detached homes. Days on the market remain consistent with recent trends at 67, with a 26.42 percent increase year-over-year.

As Northern Colorado maneuvers the 2024 real estate landscape, the key for both buyers and sellers lies in adaptability and strategic decision-making. In this environment, opportunities abound for those who take the time to understand and respond to the changing rhythms of the market.

“In Northern Colorado’s dynamic real estate market, buyers have recently seen opportunity for negotiation in some communities, but a shift towards sellers is imminent with falling interest rates bringing out more buyers and continued limited inventory,” said Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties. “As 2024 approaches, adaptability and strategic decision-making are crucial for both buyers and sellers to capitalize on the evolving market opportunities.”

*Updated December 15, 2023 

Colorado Real Estate News

Northern Colorado Market Trends

Our somewhat unpredictable real estate market of the past year is finally starting to see more predictability.  October 2023 in Northern Colorado brought a departure from the pandemic-induced frenzy that characterized recent years. Sellers, who once reveled in the luxury of multiple offers soaring prices above asking now find themselves in a more balanced market.

The days of intense competition for many NOCO homes appear to be waning, prompting sellers to adopt new strategies for success. To stay competitive, sellers in the region are advised to consider offering concessions and obtaining pre-inspection reports, while addressing any necessary fixes before listing their homes. It’s a strategic move in a market that requires a more nuanced approach.

Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties, commented “The real estate market in Northern Colorado is showing signs of recalibration. It’s a time for sellers to be strategic in their approach to selling.”

In Fort Collins, the rhythm of home sales saw the typical seasonal slow down in October, with 109 detached homes sold. Attached homes, maintained a steady pace with a 4.4 percent increase from the previous year. The average sale price for detached homes in Fort Collins now stands at $646,562, reflecting a 6.81 percent decrease from 2022. Sellers are also witnessing an increase in the average days on the market, reaching 51—an indicator of buyers displaying newfound patience in this evolving market.

Loveland, too, echoes the trend, with a decline in detached home sales from 92 to 75. The average sales price saw a 3.80 percent decrease to $562,653, while the average percent of the original list price for detached homes remained relatively neutral compared to the previous year. The housing market in Loveland appears to be aligning with the broader seasonal shift.

Nestled near the Front Range of the Rocky Mountains, Windsor joined the chorus of Northern Colorado cities experiencing an October softening. The average days on the market for detached homes increased by 25 percent, signaling the influence of the holiday season. The average detached home price dipped slightly to $685,475, marking a year-over-year decrease of 6.53 percent. Despite a modest increase of 6.12 percent in closed sales for detached homes, Windsor reflects the general trend of a market in rebalance.

Boulder, however, came across as an outlier last month, bucking the regional trend with a 12.44 percent increase in closed detached sales. A total of 235 homes were sold in October, compared to 209 the previous year. The average closed sales volume for detached homes soared by an impressive 23.47 percent, underlining the enduring desirability of Boulder in the real estate landscape.

Amidst these shifts, the broader housing market is also influenced by external factors, such as mortgage rates. A recent drop in mortgage rates, attributed to a bond market rally following a lower-than-expected monthly inflation report, has sparked a spike in mortgage demand. Nationwide applications to refinance a home loan increased by 2 percent in one week in early November,  indicating a positive turn for recent  homebuyers seeking to refinance in today’s high-rate climate. As Northern Colorado navigates the evolving real estate landscape, adaptability and strategic decision-making will be key for both buyers and sellers. Opportunities abound for those who can read the rhythms of change.

*Updated November 16, 2023 

Colorado Real Estate News

Northern Colorado Market Trends

September 2023 in the Northern Colorado housing market brought us new statistics that continue to highlight how attractive NoCo is for potential buyers. In news reported by At Home Colorado, Boulder and Fort Collins ranked in the top 5 for best housing markets for growth and stability. Meanwhile, four of the five most expensive “non-coastal” metros are now in Colorado, according to Builder.com, with Denver ranking highest (no surprise!) and Boulder, Fort Collins and Greeley all topping the charts. So, what happened this past month in our NoCo market?

The market continued to cool, rebalancing itself in ways we haven’t seen in years, which is a much-needed refresh for those looking to relocate to NoCo and have the luxury of time to do so. In Fort Collins, home sales continued to drop from 170 in 2022 to 133 detached sales last month, lower than the month prior at 159. Attached homes were in the same boat, decreasing from 55 in 2022 to 44 in September, an overall 20 percent decline. The current average sale price in Fort Collins now stands at $682,735, which is higher than last month’s $662,458, but down very slightly at .10 percent from the year prior. The same goes for the average percent of original listing, which also found itself .20 percent down from last year at 97.2 percent. Up, however, was the average days on the market which stood at 53 this month, a 26.19 percent increase from last year’s craze, indicating again that buyers are taking their time to make decisions.

Moving onward to Loveland, the situation in the housing market also pointed towards more cooling of the market, with 92 detached homes being sold last month in comparison to the 129 in 2022, a 28.68 percent decrease. However, the average sales price upticked at 2.71 percent to $612,396, and the average percent of original list price stayed nearly neutral with last year’s at only a .72 percent decline. Loveland is, by all accounts, still an attractive city to many people looking for an alternative to the more expensive locations in Northern Colorado.

Nestled near the Front Range of the Rocky Mountains, Windsor followed suit with other NoCo cities with the average days on the market increasing a whopping 30.95 percent, a signal of the changing seasons and general cooling in the market. The average detached home price rose slightly from last year to $713,479. a year-over-year increase of 1.19 percent. Closed sales in the detached market were down by only 2.33 percent in September, totaling 42. Meanwhile, the attached market again saw a relatively consistent performance with 16 sales in September 2023, compared to 10 in 2022.

Boulder unsurprisingly saw a similar trend, aligning with the broader market’s balancing act. Closed detached sales were down by 25.57 percent, which was more than last month’s 15.77 percent, with the average sales price experiencing a dip from last month as well from $1,054,899 in August 2023 to $1,021,872.

“The Northern Colorado housing market demonstrates the allure of NoCo for potential buyers,” said Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties. “With top rankings in growth and stability, our region continues to shine. The market is always evolving and is currently offering a refreshing change for those considering moving to Northern Colorado.”

Overall, the real estate landscape continues to evolve and balance from the craze of the pandemic years. Over the past seven months, inventory has been steadily increasing in Colorado, which means more options for buyers. Yet, the data reflects that demand is softening and will likely continue to soften as we embark on the holiday season ahead of us. 

*Updated October 17, 2023 

Colorado Real Estate News

Northern Colorado Market Trends

August 2023 brought us a predictable end-of-summer-slow down last month, though the dynamics in the real estate market are shifting due to certain key factors. High interest rates haven’t necessarily resulted in a massively decreased number of buyers in the market, but those who are looking to purchase are becoming more discerning.

In Fort Collins, home sales dropped from 186 in 2022 to 159 detached sales last month. However, attached homes bucked this trend, increasing from 58 to 68 in August compared to the previous year. While Fort Collins continues to see slight appreciation in median detached home prices, it’s at a reduced rate of 3.71 percent this month, signaling a change. The current average sale price in Fort Collins now stands at $662,458, making it an attractive option for those looking to escape the bustling Denver area. The average percent of the original listing price remains just below 100 percent in the detached market, maintaining a sense of equilibrium. The average days on the market for detached homes increased slightly to 47 days, up from the previous month’s 44 and the prior month’s 43, reflecting a 23.68 percent rise—an indication that buyers are taking their time to make decisions.

Moving over to Loveland, there’s been a slight increase in activity this month with 121 detached home sales compared to 96 the previous month. However, this remains lower year-over-year by 10.37 percent from 135. The average sales price for detached homes dropped by 6.90 percent year-over-year, now standing at $562,075. Average days on the market trended downward to 49, a slight decrease from the previous month’s 52.

In Windsor, nestled near the Front Range of the Rocky Mountains, the average home price dipped slightly to $660,470, indicating that buyers are still interested but proceeding with caution. Closed sales in the detached market were down by 10.77 percent in August, totaling 58. Meanwhile, the attached market saw a relatively consistent performance with 13 sales in August 2023, compared to 16 in August 2022.

“In this shifting market landscape, discerning buyers are taking center stage,” said Sarah Tyler, Managing Broker at Kentwood Real Estate Northern Properties. “As Northern Colorado real estate is witnessing a rebalancing act, it’s encouraging to see the stability nurturing a more sustainable dynamic.”

In Boulder, which remains a highly sought-after place to live, we see a similar trend, aligning with the broader market’s balancing act. Closed detached sales were down by 15.77 percent from the previous year, with the average sales price experiencing a slight dip of 3.85 percent, down from $1,097,190 in 2022 to $1,054,899 in 2023.

Sellers are adjusting their expectations to strike a balance between supply and demand. The market isn’t witnessing the skyrocketing prices of the previous year; instead, a greater number of homes are changing hands close to list price, creating a more buoyant atmosphere in the market. The increase in median prices, while noteworthy, is largely driven by mathematical factors rather than actual home price appreciation, a positive aspect of the current market dynamics. When the statistical pool is small, the mix of homes that sell can impact the averages, with larger swings month over month.

Overall, the real estate landscape is evolving, with buyers gaining more influence due to high rates. Sellers are adapting, resulting in a more balanced market. It’s important to note that while median prices are rising, it’s not necessarily indicative of significant home price appreciation. If you’re seeking guidance on navigating Northern Colorado real estate, Kentwood Northern Properties is here to guide you through these nuanced market patterns, ensuring informed decisions.

*Updated September 15, 2023

Colorado Real Estate News

Northern Colorado Springtime Real Estate Market Update

Are you considering selling your home this Spring? Fort Collins and Northern Colorado have a thriving job market and a beautiful natural landscape that appeals to buyers. The spring housing market is traditionally very robust.

With fewer people putting their homes on the market earlier this year and continued buyer demand, you’ll have an excellent opportunity to get the most money for your home. March through June are typically the busiest months for real estate along the Front Range of Colorado.

Now is a Great Time to Sell Real Estate

People who live and work in Northern Colorado, and along the Colorado Front Range, are passionate about the lifestyle and community. The luxury market has been extremely resilient despite recent economic headwinds while the entry and move up markets remain competitive and elusive for some aspiring homebuyers.

What You Need to Know As You Enter the Market

There are a few essentials to consider as you determine the best time to market your property.

First, it’s important to understand the current market trends for your specific price band. It’s also important to know what type of buyer you’re targeting and the best strategies for pricing your home and advertising it to the broadest audience possible. With access to Leading Real Estate Companies of the World, Luxury Portfolio International, Who’s Who in Luxury Real Estate, and Berkshire Hathaway’s  HomeServices, we have an extremely robust network of national and international brokerages we market to.

Another vital factor to consider is your timing and what improvements you might be making prior to marketing your home. Home buyers are looking for updated and move-in ready residences. The cost of construction is high, and the permitting process is long. The more you can prep your home for sale with basics such as paint and staging the more likely it will resonate for buyers. If you’ve updated the landscaping, your kitchen or baths, flooring and lighting, the more likely you’ll receive multiple offers. Even with the current market conditions.

Finally, it’s essential to understand the process and how you’ll work with your broker to make sure inspection items, title questions and the borrower’s loan process could impact your sale. An experienced broker will bring a wealth of valuable insight to help you navigate the sale and find your next residence.

Bottom Line

Along the Front Range and across Northern Colorado the historically best time to sell a home is mid to late Spring. The trees and flowers are blooming, and buyers are eager to enter the market. While higher interest rates have impacted national consumer sentiment and housing affordability, the real estate market in NOCO and Fort Collins is resilient and remains competitive. For answers to your real estate questions, reach out to your Kentwood Broker who will gladly fill you in on the market specifics of the neighborhood you live in.

Colorado Real Estate News

The Value of a Real Estate Agent

If you’ve bought or sold a home or commercial property in Colorado, your local real estate agent probably made it look easy. Understanding all the work and expertise that goes into making a transaction go off without a hitch helps buyers and sellers avoid the potentially costly mistake of trying to do it themselves.

Here are a few of the benefits of working with a Kentwood Real Estate broker to buy or sell your home, or to buy, sell or lease a commercial property.

Real Estate Agents Sell Your Home for More

Most people who want to sell their property themselves think it will save them money. They look at avoiding paying part or all of the commission and imagine the difference will go into their pocket if they handle the transaction on their own. This is occasionally possible, but not always successful. Many years ago, before I was licensed, I made the mistake of trying to sell my home on my own and ended up calling in a broker after flailing for several weeks.

Let’s look at what typically happens.

In 2021, For-Sale-By-Owner (FSBO) made up 10% of home sales nationwide.

The average FSBO home sold for $225,000, while the homes represented by a real estate broker sold for an average of $330,000. That means, after paying a commission, which is typically shared between the buyer’s and seller’s agents, the sellers that used a real estate agent still made $85,200 MORE than the FSBO.

How can this be? There are a host of reasons, including:

  • Agents know how to price your property.
  • Agents know how to stage and prepare your home.
  • Agents are experienced negotiators.
  • Agents are skilled at managing inspections.
  • Buyers looking at FSBOs expect a bargain.

What Real Estate Agents Do for Sellers

Here are five things your Denver or Fort Collins Kentwood real estate agent handles when you sell your property.

1. Pricing Your Property

Real estate markets are highly local. If you are in the Aspen real estate market, you cannot walk into Denver real estate and assume the same knowledge applies.

Zillow vividly illustrated this. They were famous for giving automated home value estimations but overpaid for homes in several markets using their system.

Your real estate broker is the best person to price your property to sell for the highest possible price. Professional brokers watch the market every day, know the history of neighborhoods and market sectors and have walked through recently sold or leased properties.

2. Staging and Photography

An excellent first impression is essential in real estate sales. Your real estate broker will help you stage and photograph your home or commercial property to interest qualified buyers.

3. Marketing

Some discount or do-it-yourself brokerages lead you to think all you need to do is add your property to the Multiple Listing Service (MLS), and buyers will flock to your home. The MLS is an essential step, but your real estate agent will also market your property locally, nationally, and even internationally. Kentwood Real Estate is a member of several international marketing collectives, including Luxury Portfolio International.

4. Showings

Your real estate broker will manage showings to ensure security and the viability of potential buyers. They also host open houses and deliver digital marketing to maximize foot traffic.

Unless you are a lawyer, don’t assume you can wing the legal paperwork. Real estate agents are trained and experienced and have a plethora of resources to get answers to complex questions.

What Real Estate Agents Do for Buyers

Here are a few benefits you receive when you work with a Kentwood Real Estate Broker along the Front Range of Colorado.

  • Access to the most up-to-date home and commercial listings as well as Kentwood coming soon listings
  • Knowledge of neighborhoods, including noise, new development being planned or soil issues as examples
  • Expert negotiation and marketing expertise
  • Experience meeting your buying or selling objectives
  • Guidance about local amenities, utilities, zoning rules, and contractors for repairs
  • Proficiency with legal documents, including how to handle any red flags on title and where to get questions answered
  • Walking you through the inspections, including renewed negotiations if warranted

Don’t Try This at Home

This is not a comprehensive list, but it offers a glimpse into a few things your Kentwood broker handles when you buy or sell. When you use an agent, you benefit from their experience and expertise. At Kentwood Real Estate and Kentwood Commercial we believe in community. That we accomplish more together. That deep roots matter. We inspire people to take the next steps in their life journey.

Written By
Gretchen Rosenberg, President & CEO of Kentwood Real Estate

Colorado Real Estate News

Northern Colorado Market Trends

The Northern Colorado market continues to show an adjustment.
However, as we close out the end of the year and holiday season, we continue to see many opportunities as the market normalizes into 2023.

Fort Collins detached homes sale volume decreased again this month.
The decrease went from $115,422,085 to $72,915,216 in November 2022. 112 detached homes were sold this month compared to 184 in 2021, a 39.13 percent decrease, a slightly larger decrease than the previous month. Attached home sales were also significantly down from the previous year, from 88 in November 2021 to 33 this year, a 62.50 percent decrease.

Berthoud experienced a much bigger decrease in their detached homes price total sales.
At $6,953,500 in November 2022, versus $33,376,014 in November 2021, this was a 79.17 percent decrease, a continual decrease that was larger than last month’s. The average sales home price increased, however, by 16.67 percent, from 596,000 last year to $695,350, mirroring the same as last month. Attached homes experienced a relatively large increase in total sales volume from $2,125,031 in 2021 to $3,194,099 this month.

Meanwhile, Timnath saw another increase year-over-year in detached homes sold.
Bucking a month-to-month trend, Timnath’s detached market went from 21 homes sold in November 2021 to only 10 homes in November 2022, a 52.38 percent decrease. In its attached market, Timnath also experienced an increase from one in 2021 to six in November 2022.

Boulder saw a massive decrease in detached sales volume year-over-year while also seeing another drastic decrease in detached home sales.
In the detached market, the total November sales volume went from $321,697,815 in November 2021 to $170,495,664 in November 2022, a decrease of 47 percent. The attached market also saw a decrease in sales from 149 in November 2021 to 81 this month.

Loveland followed the trend with another decrease in detached average home sales.
In Loveland’s detached market, residents saw 87 sales in November 2022 versus 131 in November 2021, a 33.59 percent decrease, with the average sales price for a detached home decreasing slightly from $569,077 in 2021 to $535,190.

*Updated December 8, 2022