PSD plan: Build three new schools by 2020

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As you know, Larimer County’s population is expanding. PSD expects enrollment to grow to more than 30,000 within the next two years. Enrollment in 2015 came in at 29,053, about 500 students more than projected.

Discussion about new Schools construction have started. Read more here: three new schools by 2020.

Discover this elegant and welcoming home

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Wake up to the sound of birds in this welcoming home.Bright and airy open floor plan with vaulted ceilings and newly refinished wood floors.Large kitchen with a breakfast bar,tons of cabinet space and a dining area that opens to a covered patio.The professionally manicured backyard is adjacent to residential acreage.Large vaulted great room with high windows and a cozy gas fireplace.Master has access to the side patio.Basement includes a large bedroom,a kitchenette,3/4 bath and ample storage.

What is Your Home Worth?

Are you wondering how much your home could sell for? Click on the link below and you will get a first idea.



I can also perform a more in depth professional market analysis to help you determine the today market value of your home.

What is Your Home Worth?

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Are you wondering home much your home could sell for?
I can perform a professional market analysis to help you determine the today market value of your home.
Just call me at 970 443 1781 and get your complementary Analysis free of charge today.

 

Did you know that you can search for homes directly from my facebook page?

Fort Collins : Bucking Horse News

Miramont Lifestyle Fitness founder building gym at Jessup Farm

Construction is underway on a new fitness gym in the Jessup Farm Artisan Village, with ownership aiming to open by June.
The Coloradoan reports that Miramont Lifestyle Fitness owner Cliff Buchholz is behind the venture, a “boutique” gym called Reve that will include a pair of yoga studios, a functional training area and a variety of specialized programs.
Jessup Farm is part of the 160-acre Bucking Horse development, and the gym will be among a number of businesses to open at the site in coming months, including the Jessup Farm Barrel House being opened by the Funkwerks brewery’s founders.

Rental Vacancy Rate at 20 Year Low

Rental Vacancy Rate at 20 Year Low

The rental market continues to be heat up with the national rental vacancy rate dropping to a 20 year low. At the same time, the home ownership rate continues to fall and is now at a low point not seen since the third quarter of 1994.

The current first-time buyers share is 29% and remains well below the historical average of 40%.This as well as tight lending conditions partially explain the steady decline in the home ownership rate. Rising rents and tight rental market supply suggests that household formation is picking up. With continued improvement in the labor markets these new households will likely transition from renting to home-ownership at some point in the future.According to the Census Bureau’s quarterly survey, the rental vacancy rate dropped 40 basis points from last quarter and is down 120 basis points from one year ago to 7.0%. The vacancy rate has not been this low since the fourth quarter of 1993.

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Extremely Low Inventory for buyers in 2015

CapturehgWe were used to have 6 months’ supply in the residential real estate Market, which is considered to be a balanced Market(balance between Demand and Supply). Last year the market offered a supply of two to three months, less than half the amount required . And we are starting  2015 with a record low inventory measured in weeks rather than months. There are only 25 homes under $300,000 listed now  in Fort Collins.

We are in a sellers’ market almost in all price ranges, and for sure for all homes under $500,000.
This is why Buyers need to be prepared before being active on the Market. A approval letter from a mortgage lender and a strong offer with limited to no contingencies are things the seller will be looking for and if you are in a competing offers situation you might even consider an escalation clause. At the same time interest rates are still  low, and buyers can benefit from low down payment with conventional loans. Your monthly mortgage payment is usually less that paying rent.

If you are considering buying or selling a home in this market you need an experienced Realtor to represent you. Call today!