Loveland CO Real Estate Market Update - January 2017

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

This is the January 2017 Real Estate Market Update for Loveland CO

 

Sales:

Loveland CO Home Sales December 2016

Loveland home sales declined in December 2016, finally showing the seasonal effects common for this time of year. There were 138 sales last month, down 27.5% from 176 in November 2016, and also down 21.0% from the 167 sales in December 2015. For the year as a whole, there were 2,143 sales, 3.8% less than the 2,225 sales of 2015, but 5.4% more than the 2,033 sales in 2014.

 

 

Prices:

Loveland CO Home Prices December 2016

Prices rose in December, 2016, with the median price gaining 3.5% to $356K from $341K in November 2016, while average price rose 1.8% to $399K from $392K in November 2016. While monthly variations in prices are common, since they represent the sales of those specific homes that sold during the month, rising home values are strongly suggested by the long-term trend line.

 

 

Inventory:

Loveland CO Home Inventory December 2016

The inventory of homes on the market fell significantly, with 315 homes for sale at the end of December 2016, down 21.9% from 384 for sale at the end of November 2016. The Month’s Supply of Inventory grew slightly to 2.3 months. Both of these changes are normal for the season, but still suggest a seller’s market.

 

 

Summary:

While sales and inventory fell and prices rose in December 2016, the Loveland real estate market performed as expected for the season. We should see lower levels of activity for the next several months, until spring brings renewed interest. 2017 will be interesting, though, as we expect to see a continuation of high demand from regional job growth collide with generally lower levels of inventory and maintain pressure on home prices. Eventually, higher prices will convince more home owners to offer their properties for sale and enter the market as “move-up” buyers, but the market will remain unbalanced until that happens.

 

 

If you would like to browse the available inventory, take a look at Homes for Sale in Loveland CO. When you find something interesting, please give us a call - we'd love 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
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Dick,

Another great report on the Loveland, Colorado market.  We have always admired your style of market reports, they are clear and concise.  There is no doubt that Mary and you know the Loveland market  inside and out.  A

Jan 10, 2017 08:31 AM #1
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Pretty much the same trend that we see here. Inventory is low, prices are slightly higher, number of sales a bit less...

And we are worlds apart.

2017 will be an interesting year to watch, that's for sure

Jan 10, 2017 08:35 AM #2
Rainmaker
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Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

Great market report. Glad to see that home prices continues to appreciate.

Jan 10, 2017 08:36 AM #3
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Dick

Such  well done market report that is easy to understand, visually appealing, and with some important insights as to what is going on. Buyers now only need to be in touch with you and Mary to get your help on making their home purchase in Loveland a reality.

Jeff

Jan 10, 2017 08:54 AM #4
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Dick --- prospective buyers and sellers alike will be in obvious good care when they select you and Mary as their real estate brokers when they are making a move in Loveland or any of the Northern Colorado markets you serve.   As others have commented, your knowledge shines in the updates you provide.  

Jan 10, 2017 09:44 AM #5
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

That is an excellent market update for Loveland CO.  Lots of very useful information.

Jan 10, 2017 10:03 AM #6
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Very smart year-end recap of the Loveland real estate market. I know inventory, or lack thereof, was the big story in 2016. It looks like Northern Colorado is no exception. D 

Jan 10, 2017 10:31 AM #7
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
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Our inventory throughout the county is very low. I did a BPO earlier today for older homes in Delta. I couldn't believe how low the inventory of active listings has gotten. 

Jan 10, 2017 02:52 PM #8
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Dick, excellent write up on your Loveland CO Real Estate Market report.

Jan 10, 2017 04:15 PM #9
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

That is puzzling that there was such a decline from November but maybe it was because the inventory is so small and buyers took a break for the holidays.. 

Jan 10, 2017 04:30 PM #10
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Evening Dick Greenberg , hope you had a good day, mine was so busy it bordered crazy. 

Jan 10, 2017 04:41 PM #11
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