The third quarter is behind us and most of the market areas are still down in volume. Loveland resale market volume is down 4.5% compared to last year. Fort Collins is down 11.9%. Windsor has improved over year by 7.2%. Greeley's volume is down by 3.9% over last year.
Home prices although down in most areas, isn't as big a concern as it is elsewhere in the nation. We are seeing median home prices anywhere from being down 2.7% in Loveland, down 8.8% in Greeley, up 1.7% in Windsor, and down 3.1% in Ft Collins. The average home price is down across the board due to the purchasing activity of the first time home buyers. Most of the first timers are buying homes under $200,000 in Loveland, Ft Collins and Windsor. In Greeley the first time home buyers are buying below $180,000.
While new construction is still down, Greeley's new home sales are still rebounding, up 156%.
I glad I live here. The market is much more forgiving.
Rob Proctor - Broker, At Home Realtors http://www.at-home-realtors.com
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