Recently there has been a lot of talk about home prices in Northern Colorado, and if you are a home owner, what to do with your home equity, and the Northern Colorado Real Estate Market. As we mentioned before, in Ft. Collins, Loveland, and Greeley, seller supply (homes for sale) are not keeping up with the number of buyers out looking for a home, which has caused prices to rise.
The great news about these rising prices, the average homeowner in the three cities gained over $11,000 in equity since 2015.
Here is a breakdown of 9 Northern Colorado areas and the average homes sale price increase % since 2015:
Ft. Collins/ Timnath- 13%
Your Home Equity and the Northern Colorado Real Estate Market!
For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that smart homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.
The added equity is helping families put their children through college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.
The “Move Up” Northern Colorado Real Estate Market
NOW just might be the “Best Move Up” market for Northern Colorado in the last 40 years! If you are thinking about purchasing “your dream home”, NOW is the time to do it!
Appreciation in your current home
Low interest rates
More home inventory in the higher price ranges, makes this the perfect time to move up!
The probability of home prices in the Northern Colorado Real Estate Market appreciating by another 5% by this time next year is very good. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, I would love the opportunity to help you understand the Northern Colorado real estate market and discuss your options!
You are Welcome to call me@ 970-219-4859