Colorado Real Estate – Condo Cyclone

 

While the “Bomb Cyclone” closed roads and schools over the last two days, the “Condo Cyclone” is opening new opportunities for first-time buyers.

What’s the “Condo Cyclone” you ask. It’s the proliferation of multi-family inventory that has come on the market up and down the Front Range.

Compared to last year, multi-family inventory which includes townhomes and condominiums, has increased…

79% in Metro Denver
34% in Larimer County
45% in Weld County

This is terrific news for the market overall, as inventory has been unusually low for several months. It’s especially terrific news for first-time buyers who need this type of product as a stepping stone to home ownership.

What we notice is a $170,000 to $130,000 difference in average price between a single-family home and a multi-family home in Front Range markets.

Specifically, here’s the spread between multi-family and single-family average price:

$349,801 vs. $512,312 in Metro Denver
$312,493 vs. $469,294 in Larimer County
$237,645 vs. $370,027 in Weld County

So as we dig out from the “Bomb Cyclone” we can be happy for the “Condo Cyclone” which brings more affordability and opportunity to our markets!

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Posted on March 15, 2019 at 6:04 pm
Meagan Griesel | Category: Colorado Real Estate, Fun Facts | Tagged , , ,

Beautifully Maintained Home in Loveland!

This beautifully maintained home at 5217 Georgetown Dr  is welcoming the second you walk into the open main level w/modern tile fireplace, new plantation shutters, & many upgraded finishes. The lower level features another living area and fireplace, office, guest suite with barn doors. The upper level is a large master suite and 2 more bedrooms. The yard is amazing. The patio has sun shades, built-in grill – all next to a creek water feature & xeriscaping. RV parking with 8ft wide gate. Windermere Certified Listing

http://windermerenoco.com/listing/88131063

Posted on November 1, 2018 at 9:50 pm
Meagan Griesel | Category: Loveland Real Estate, Virtual Tours | Tagged , , , , , , , , , , , , , , , , , ,