Fort Collins CO Real Estate Market Update - January 2017

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335
http://actvra.in/4YGL

This is the January 2017 Real Estate Market Update for Fort Collins CO

 

Sales:

Fort Collins CO Home Sales December 2016

Home sales rose 7.4% in December 2016 to 218 homes sold, up from 203 sales in November 2016, but down 12.8% from 246 homes sold in December 2015. Looking at the entire year, 2016’s 3,010 sales were 2.5% less than the 3,086 sales in 2015, and 5.7% less than the 3,183 sales in 2014.

 

 

Prices:

Fort Collins CO Home Prices December 2016

Home prices climbed again in December 2016 - the median price rose 2.0% to $365K from $358K in November 2016, and the average price rose 1.3% to $404K from $399K in November 2016. While these numbers show the prices of those specific homes that sold during the month, the long-term trend line indicates that home values are continuing to rise.

 

 

Inventory:

Fort Collins CO Home Inventory December 2016

Inventory fell again, as is expected for this time of year, dropping 13.0% in December 2016 to 315 homes for sale, down from 356 at the end of November 2016. The Month’s Supply of Inventory (MSI) fell to 1.4 months, indicative of a strong seller’s market.

 

 

Summary:

2016 was an interesting year for the Fort Collins real estate market. Home sales were lower than the previous two years, but not because of a lack of buyer demand - a persistent shortage of homes available for sale not only depressed sales activity, but also gave impetus to a steady and significant increase in home values. Looking ahead, there are no regional factors that would suggest a slowing of demand - regional job growth is expected to remain strong, so it would appear that the best prospects for seeing a more balanced market would have to come from homeowners finally being sufficiently incentivized by rising prices to offer their homes for sale and enter the market as “move-up” buyers themselves. We’ll be looking for signs of that in early spring, 2017.

 

If you would like to take a look at what's on the market, check out Homes for Sale in Fort Collins CO. When you see a home that you'd like a closer look at, please give us a call - we'd be delighted to schedule a showing for you at your convenience.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

 

Data Source: IRES MLS

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Rainmaker
2,878,318
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Dick,

Your Inventory chart caught my attention with its up and down activity.  I love the accompanying photo Fort Collins.  Wishing you a great week!  A

Jan 09, 2017 07:54 AM #1
Rainmaker
458,125
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

This is a great summary for Fort Collins.  Nicely laid out Dick Greenberg ! I also love that picture.  It makes me want to visit that town!

Jan 09, 2017 07:55 AM #2
Rainmaker
2,384,311
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Dick -- it's that inventory thing again, right?   We can't sell what we don't have. With a little more than a month's worth of homes available for sale in Fort Collins, prospective buyers(and sellers too) will benefit from you vast knowledge and insight.  Not just for the local picture but more globally as well.   

Jan 09, 2017 07:57 AM #3
Rainmaker
2,250,541
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

I am really impressed with your market report...great photos too!

Jan 09, 2017 08:05 AM #4
Ambassador
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Love the photo you have used of Old Town.  What a great place.  Fort Collins is still such a popular place to call home.

Jan 09, 2017 08:08 AM #5
Rainmaker
2,189,529
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Dick, I like your summary in this report.  It makes 100% sense.  We are seeing strong seller markets in so many areas across the Nation.  Not all … but many.

Jan 09, 2017 05:17 PM #6
Rainmaker
338,908
Alexander- Slocum
Adamas Realty - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Hi Dick, our Vancouver WA market stats seem to mirror many of yours; with sales of pre-owned homes strong but, the level is flattening as I think like Ft. Collins, we are at Capacity.  Best of succes in 2017!  John and Kat

Jan 09, 2017 08:00 PM #7
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Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

December numbers up sounds good and probably the result of those wanting to close by the end of the year. 2017 is going to be good.

Jan 10, 2017 04:28 PM #8
Rainmaker
2,132,504
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Dick that darn Inventory Thing as Michael Jacobs  was sayin... now on a side note I loved the picture, I wish you could find an old picture of the same location with Horses:) in my mind I can see it:) Endre

Jan 11, 2017 09:51 PM #9
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