RE/MAX Alliance Agent Marnie Long Shares Her Thoughts on the Fort Collins Real Estate Market!

RE/MAX Alliance agent Marnie Long answers questions regarding the current real estate market and what’s happening specifically in the Fort Collins area. Marnie has been in real estate for the past 15 years and has assisted over one hundred families with their real estate needs. She has lived in Colorado since 1992 and currently serves her clients out of the Fort Collins RE/MAX Alliance office.

“I absolutely love what I do!” Marnie said. “I continually commit to delivering my clients the highest level of service while maintaining my ethics and solid business practices.”

What are some positive signs in the Fort Collins real estate market? Fort Collins has seen the overall supply of homes drop which will help balance out the Northern Colorado market. High-end homes are beginning to show signs of life again while the number of days on the market has dropped for lower to middle-end homes.

What are the current market trends in Fort Collins? Homes that are priced under $200,000 are moving rather quickly. The upper end has been a little bit behind in pace; homes are beginning to sell again, however in some cases sellers have been making significant price adjustments. New construction continues to be impacted by the struggle of obtaining financing to build. Without spec home inventory, it is difficult for today’s builder to gain any traction in the marketplace.

Where are Fort Collins homebuyers coming from? The majority of transactions I have been seeing in the Fort Collins area are sprouted by life change situations…new job or job loss, new baby, blended families, down-sizing, etc… Baby boomers and first time homebuyers will drive future sales in our market.

Why is now a great time to buy a home? Right now is an opportune time to buy real estate because we are still seeing interest rates at an all-time low, and although the hoops to obtain financing may have increased, now is the time to capitalize on the housing market. Our market may have already hit the bottom as good news for increased job opportunities for our area continues to grow and the quality of life in our area can’t be beat.

What do you think is a realistic outcome for 2011? I think that 2011 will begin to see a bit of a rebound from the past few years and become more of a stable market.