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'Wee Cottages' Try To Loosen Tight Real Estate Market

LOVELAND, Colo. (CBS4)- A developer has a new concept as real estate prices continue to skyrocket along the Front Range. This week, the first buyer moved into what's called a "Wee Cottage."

The development is located in the Centerra neighborhood of Loveland near Interstate 25 and Highway 34.

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The cottages are a little bit bigger than tiny homes, averaging about 1,000 square feet.

Prices start in the mid-$200s.

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Taylore Anderson said she likes the idea of a tiny home but found the Wee Cottage is better suited for her.

"For me, this is definitely more of a realistic concept as far as my lifestyle. And it's just me and two chihuahuas, so this is the perfect amount of space," said Wee Cottage owner Taylore Anderson.

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Developer Boulder Creek plans to build Wee Cottages in Longmont and Denver this year as well.

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