“The Median Sales Price increase 16.9% to $485,005 for single family homes and increased 2.6% to $295,000 for townhouse-condo properties.”
Fort Collins Board of Realtors® (FCBR)
This increase of 16.9% is a gain this year, a year of doom, gloom, elections, and enough distraction to keep many entertained. There are many cited reasons for this gain, people wanting to leave metro areas causing demand in more rural settings for the elbow room, low interest rates, lack of housing supply, etc. All of these play a factor, there is no doubt about that, though I want to point out an intangible, setting.
Setting, a backdrop of Rocky Mountains, progressive and educated communities and a year-round ability to go outside and play. This area checks many boxes for those wishing to uproot and live their dream. The life changes that have taken place over the last several months have allowed people to migrate and migrate where they choose to go.
From startups to large corporations, employers are finding that the front range and northern Colorado are a sweet spot, smart and capable people who like to hike and then have a beer while getting things done at work. The people really do make the difference, happy people that work hard tend to make better employees, so why not let them work from a place that brings them joy that reflects in their work.
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Though I want to illustrate what is happening in the real estate market, I also want to open the curtain and take a deeper look at why this is happening, outside of the daily dose of media aimed to attract and keep your attention. Northern Colorado allows the reconnection to life, being able to get out in nature without a three hour drive, have a random conversation with a rocket scientist or a retired judge, the joy knowing that you have everything you need as well as everything your family needs to be a part of a thriving community.
There are many reasons for the increases in median home prices in Northern Colorado, I think it is time for you to be one of them.
