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Loveland and Fort Collins Colorado housing market still below last year

By
Real Estate Agent with At Home Real Estate Company

 Well with 11 months down and one month to go, the existing home market in Loveland and Fort Collins is still down over last year. For Loveland, the existing home market is only down 3.5% year over year. We can thank the first time home buyers pulling sales up. While Fort Collins saw a little more decline with existing homes sales down 6.4% over last year. Botom line it's still a buyers market here.

New construction in Loveland is still down (-40%) however Fort Colins new construction is easing slightly (-18%) over last year.

 Here are the year to date (Jan to Dec) numbers.

Existing homes:

Market Area

Homes Sold

Total $ Volume

High $

Low $

Median $

Average $

Loveland/Berthoud

1115

$258,495,474

$1,128,000

$21,100

$195,000

$231,834

Fort Collins

1928

$483,245,097

$1,450,000

$30,000

$221,000

$250,646

 New construction: 

Market Area

Homes Sold

Total $ Volume

High $

Low $

Median $

Average $

Loveland/Berthoud

116

$43,810,598

$999,999

$169,000

$355,150

$377,678

Fort Collins

200

$72,794,509

$2,085,000

$50,000

$305,000

$363,973

  Rob Proctor - Broker, At Home Realtors, Loveland CO  http://www.At-Home-Realtors.com

 

Comments (3)

Chris Coley
North American Title Company - Fort Collins, CO
North American Title Company

Rob,

Great info on our local market. I agree, first time homebuyers are what is really driving the market. I hope more of them realize what a great time it is to buy, low prices and low interest rates. Both prices and rates will no doubt rise in 2010.

Dec 30, 2009 03:31 AM
Jon Rudolph
Inspections By Referral - Loveland, CO
ACI

Rob,

I look forward to your year end numbers of Loveland, Ft Collins & Greeley.

Happy New Year

Jan 01, 2010 02:24 AM
Chuck brawn
Westminster, CO

Interesting info. Thanks.

Jan 01, 2010 06:38 PM