Year on year home appreciation can be a bit of a wild goose to predict, but Fort Collins has had some nice gains over the last several years. Just over 10% at the start of last year! Although this is purely speculative, there is little reason to believe year on year appreciation wont continue at its current rate or rise in the foreseeable future. The lack of inventory (supply) and the loads of hungry buyers (demand) has our market appreciating at a rate that appraisers are having a hard time making sense of.
This is great news for Homeowners and property investors alike, and furthers the case that if your are considering buying a home you may want to consider jumping on the band wagon sooner than later. With that said Fort Collins does have quite a bit of new construction coming on the market in the coming years…the question remains as to whether or not this will relieve the pressure of some of our pent-up demand and allow the year on year appreciation curve to level out. It may, considering most of the new construction is for homes between $250,000.00 and $400,000 which is where most home buyers in our market are wanting to buy.
This graph taken from data collected and published by the fine students and faculty at the Colorado State University, Everitt Real Estate Center tell a pretty happy story if your a homeowner here in Fort Collins and even Larimer County. So happy homeownership to you and yours!
If you are curious as to how much your home is worth I would be happy to provide you with a complementary comparative market analysis providing you with an accurate range of how much your home may be worth. Want a CMA? Shoot me an email!
