Saddle Ridge Condos Market Stats

2015 was a remarkable year for Condo sales in Fort Collins and one of the most significant beneficiaries are the owner in the Saddle Ridge development.

Condos in the Saddle Ridge subdivision have appreciated significantly over the last few years.  Since Spring of 2013 one and three bedroom units have increased in Value about 31% while two bedroom units have increased around 37%. 

Prior to 2013 values remained fairly flat for the previous 4 or so years.

I have included a chart with the recent sales to demonstrate what recent activity has looked like.

Now may be the time you would like to ask some questions as to if it may be the time to reevaluate this investment.  Whether you may be interested in a refinance, asset reallocation, cash out or 1031 exchange I would urge you to contact me with any questions or if you would just like to talk about your property.

Sales data From reported information on IRES MLS

2015 Sales Chart

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Wellington, CO end of year market report 2015

2015 was a highly active year in the Wellington Real Estate market. There were 377 single family home sales with the Median Price being $262,500 up 15% from the previous year.

New Construction has also been strong with build times ranging from 3-6 months generally.

Some other big news is the City Park in the North part of town is near completion with the ball parks pretty much ready to go.

Check out the Market Action report.Market Activity Dec 2015 80549

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Market Action September 2015 Fort Collins 80526

Fort Collins Colorado Market data for 80526 September 2015.  Data Shows average sale price up 17%.  What does that mean?  Check out all the numbers.  Lets talk!

 

80526 Pic Market Action Sept 15 80526

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Thinking Renovation?

When it pays to remodel your home — and when it doesn’t!

Anyone can offer a list…I am offering an Answer.

 

I have spoken with several people who have decided that they want to remodel their home.  They ask me, “What should we do to add value to our home?”  With any Question it seems that another question is the best reply.  Are you looking for Return On Investment (ROI) or Quality of life?  Usually they look at me like a puzzled cat.

Many people see the TV shows adding value to the bottom line.  6 weeks or 6 months compressed into an hour or less ID an issue, it gets messy, a little drama, then all is shiny and new.  Renovation is that and really so much more.  Why do you want to renovate?  Do you want to update the kitchen to make it something you have always wanted for the purpose of enjoying it for 15 years or are you remodeling for the next owner?  There are so many ways to improve the functionality of a home while spending money wisely and at least as many ways to miss the mark and actually cost you money in the long run.

The questions you need to ask are fairly constant, but too many times I only visit with people after they complete a project.  It turns out they asked what do I want or what can I afford.  They often skip the Why or the What’s next.  When someone tells me “I spent $10,000 to Renovate my…………..” and I have to tell them that the work was well done but you and one other person will see the value there because it is personalized, they are generally crushed.

Here is what I offer:  Allow me to spend the amount of time it takes to watch a home improvement show and evaluate what you might do and why you might do it.  This is a Complimentary service to homeowners in Northern Colorado who really want to make informed decisions.  Sometimes the highest ROI is to do nothing while it may be that enjoying a space for the next several years could be Priceless.

A note about me.  I have personally done most of the renovation projects that you might consider doing yourself or contract to have done.  I also help folks daily who are looking to sell or buy homes.  I see plenty of homes, some well renovated while others are not well done at all.

Call, Text or email for next available consultation

970.631.3226

David@DavidTimmHomes.com

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80526 Market Activity Fort Collins CO Through Feb 2015

The Fort Collins market has been highlighted with shrinking inventory numbers.  Home values have increased by more than 10% over the previous year.  Review the following report.

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Fort Collins Homes March 2015 80526 Neighborhood Report

Updated neighborhood report for Fort Collins, CO 80526

Neighbor pic

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80524 Real Estate Market activity report September 2014

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Sept 14 80524 SFR

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

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