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Fort Collins Housing Demand Boosts Prices

hamilton-zanze December 13, 2013

With housing demand increasing while new construction remains expensive, Fort Collins single-family home prices are forecasted to increase to $308,000 next year. Currently, only 7% of homes have sold for under $199,000—a sharp drop-off from 16% of homes in the same price range a year ago.

The rising prices are primarily caused by the high costs of developing land in the area. Eric Holsapple, director of the Everitt Real Estate Center, estimates that it costs $75,000 to develop a single home lot, making it difficult to list a home under $300,000.