Category: Trends
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Are your apartments worth $100,000 per unit? $200,000 per unit? More???
With the latest quarterly sales report ( CLICK HERE ), owners of residential rental properties in Northern Colorado can ascertain a few things: Very few properties have sold Prices continue to rise due to persistent demand Today’s sellers are realizing the advantage of selling with little to no competition Property values have accelerated between…
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2019 Q1 Northern Colorado Multifamily Sales
2019 Q1 Multifamily Sales in Larimer & Weld Counties The first of 2019 continued the trend of 2018 with slow transaction volume (even though sales volume is over 50% of 2018 total due to one sale of $63.5M). With 8 confirmed sales of properties with 4 or more units, we continue to see owners not…
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Will Northern Colorado Apartment Sales Rebound in 2019?
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The multifamily market is incredibly hot – all over the country! So why is it that 2018 was the slowest transaction year since the great recession in Northern Colorado. Larimer and Weld Counties combined for only 46 transactions of properties 4 units and up. Only one property with more than 100 units sold all…
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CoStar: Multifamily Outlook for 2017
While Experts Expect Apartment Market to Moderate in 2017… …Don’t Be Surprised if it Continues to Outperform By Mark Heschmeyer January 4, 2017 Last year, most prognosticators for the multifamily sector predicted a record number of new units would cause rents to moderate and vacancies to increase. Sales of multifamily properties would dip below the…
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Will Trump Administration Privatize Fannie, Freddie?
Surprise Announcement Sends GSE Housing Finance Agencies’ Stock Prices Soaring By Mark Heschmeyer (from CoStar) Call it an early Christmas present for Fannie Mae and Freddie Mac shareholders. President-elect Donald Trump’s nominee to head the Treasury Department, Steven Mnuchin, in his first interview since his announced appointment said the two housing finance agencies should not be…
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2016 Fall Multifamily Cap Rate Survey
Cushman & Wakefield’s cap rate survey for the fall of 2016. Note the majority of markets are flat. Is this a reflection of the apartment construction boom this year? Is it due to the plateauing of rent escalations while household incomes were bumping along?
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Weld, Larimer among nation’s fastest-growing metro areas
On Thursday March 2nd, 2015, Joshua Lindenstein with BizWest reported on the statistics for both Larimer and Weld Counties according to the United States Census Bureau: The Greeley metropolitan statistical area, which is in Weld County, came in eighth on the list with a growth rate of 2.6 percent. The Fort Collins MSA, or Larimer…
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2014 Q4 NoCo Multifamily Market Report
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JUST RELEASED: The 2014 Q4 Northern Colorado Market Report CLICK HERE to request full 8-page report.Following is an excerpt from the full market snapshot: The multifamily market in Northern Colorado continued its strong performance through the third and fourth quarters of 2014. Although there were some lulls seen in the growth, the area still expanded its workforce…
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Record Breaking Apartment Sales
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This article was published in the January 21 – February 3, 2015 Colorado Real Estate Journal. Record breaking. That’s how 2014 will be remembered in the Northern Colorado multifamily industry. All three cities: Fort Collins, Greeley and Loveland, posted record rents, vacancies and sales numbers. As a tertiary market, the numbers for Northern Colorado…
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2010 Q4 Statewide Rents and Vacancies Survey
The state just released their Q4 2010 vacancy and rent report. As expected, with the low construction and much higher than average job market in Northern Colorado, vacancies all but vanished and rents continued their rise. Fort Collins and Loveland led the way, but Greeley showed nice signs of a strong and recovering market. A…