Fort Collins is one of the most economically resilient college towns in America. Colorado State University helps Fort Collins by bringing students and staff of the university into town. This helps fill up rentals, restaurants, and bars. Not to mention traditions like parents’ weekends and football games that help bring in extra visitors to further help the local economy.

However, even colleges are not pandemic proof. COVID-19 forced campuses to close and this had a large effect on the local economies of college towns. Most teaching faculty remained employed as they taught virtually but many other jobs were lost. Sadly, dining hall workers were deemed nonessential and many lost their jobs. The loss of jobs and closure of restaurants and entertainment hit many areas hard. However, these industries are only part of the industry makeup of Fort Collins.

Fort Collins is economically resilient because of the business that call the city home. This includes many well-known companies like Hewlett Packard, Otterbox, and Noosa. The CSU College of Business and Institute for Entrepreneurship serves as a tech incubator in fields like AI, health innovation, hardware and software, and life sciences. This economic diversity has helped Fort Collins weather the storm.

Home prices and home sales remain steady with the housing inventory sitting at historic lows. We are seeing well priced homes under contract in a matter of days. Some homes are receiving multiple offers. If you are thinking of selling in Fort Collins now is the time! On the flip side, if you are looking to buy you will need an experienced real estate agent to help you navigate the market and act quickly when you find a home you love. Contact Angie today to discuss further options in the Fort Collins market!

Source: MarketWatch