It's been a very sluggish market overall and there doesn't seem to be much hope of a significant spring rebound in sales activity.
April property sales were 144, down 48.8% from 281 in April of 2010 and 21.7% lower than the 184 sales last month. April 2011 sales were at their lowest level compared to April of 2010 and 2009. April YTD sales of 574 are running 25.0% behind last year's YTD sales of 765.
The median sales price in April was $211,500, essentially the same as the $211,600 in April of 2010, and up 4.9% from $201,700 last month. The average sales price in April was $254,075, up 2.8% from $247,245 in April of 2010 and up 7.3% from $236,752 last month. The April 2011 average was at the highest level compared to April of 2010 and 2009.
The total inventory of properties available for sale as of April was 1,315, up 25.0% from 1,052 last month, and down 0.8% from 1,326 in April of last year. April 2011 inventory was at a mid level compared with April of 2010 and 2009.
The days-on-market average for April was 90, down 3.2% from 93 days last month and up 16.9% from 77 days in April of last year. The April 2011 average was at a mid level compared with April of 2010 and 2009.
The April 2011 selling price vs original list price of 97.3% was down from 98.0% last month and down from 97.7% in April of last year. And the April 2011 selling price per square foot of $109 was down 1.0% from $110 last month and down 4.2% from $114 in April of last year.
The good news is that values are remaining fairly stable, there are buyers out there, and there are some great buys available. Long-term, recovery is going to depend on new regional jobs - and there are some promising possibilities for that - and an improving national economy. If you're curious about Fort Collins CO homes for sale, click here to take a look at available listings.
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