Special offer

The Fort Collins CO Real Estate Market - April 2017

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

This is the April 2017 Real Estate Market Report for Fort Collins CO

 

Sales:

Fort Collins CO Home Sales March 2017

March 2017 home sales rose sharply to 231 homes sold, an increase of 46.2% over the 158 homes sold in January 2017, and 1.3% from the 228 homes sold a year ago in March 2016. We were expecting activity to increase as we move into the more active spring season, and this is an indication that buyer demand remains high.

 

 

Prices:

Fort Collins CO Home Prices March 2017

Home prices were mixed in March 2017 - the median price gained 2.7%, up to $380K from $370K in February 2017, while the average price dropped 3.0% to $399K from $411K in January 2017. Individual monthly data reflects only the specific homes that sold during the month, and variations like these have little significance as single data points. However, the long-term trend clearly suggests a continuing increase in home values.

 

 

Inventory:

Fort Collins CO Home Inventory March 2017

Inventory finally seems to have begun its seasonal rise, gaining 7.3% at the end of March 2017 to 323 homes for sale, from 301 at the end of February 2017. The insufficiency of this increase to meet demand can be seen from the Month’s Supply of Inventory (MSI) falling to 1.4 months, clearly indicating a very strong seller’s market.

 

 

Summary:

After a relatively quiet winter, the Fort Collins real estate market is beginning to see the increasing activity levels associated with the spring season. Sales were up, along with inventory, while prices continued to demonstrate the upward pressure that an imbalance between supply and demand would suggest. The character of the 2017 Fort Collins real estate market is going to be determined primarily by how well inventory responds to increasing prices - it’s clearly insufficient at this time to provide a balanced and healthy market, and unless it grows substantially, we’re going to see more difficult times for homebuyers, particularly in the lower and mid price ranges.

 

If you would like to take a look at what's currently on the market, browse Fort Collins CO Homes for Sale. When you find a home that interests you, give us a call - we would be pleased 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

Comments (10)

Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Hi there Dick. You have the numbers experience to break this information down to help benefit both buyers and sellers. However, at first glace, the data speaks loudly of the need for more sellers to get their house listed with Mary and Dick this Spring in Fort Collins, Colorado. 

Apr 06, 2017 08:38 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Dick, that's a huge increase in home sales for Fort Collins CO, I'm certain the trend will continue. Hope you'll see an increase in home inventory as well giving buyers a large selection to choose from. I love the picture accompanying your post.

Apr 06, 2017 08:40 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

WOW Dick Greenberg what a great market to be in! Thanks for sharing the report.

Apr 06, 2017 08:54 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Dick -- 1.4 months of supply!  That statistic speaks volumes about the incredibly low inventory levels in Fort Collins.   

Apr 06, 2017 09:04 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Dick - your information shows a robust 2017 is unfolding. Great news!  

Apr 06, 2017 09:32 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Sounds like things are hopping in Fort Collins.  Glad to see some inventory hitting the market.

Apr 06, 2017 11:00 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dick,

Great information on the Fort Colling market place.  The photo reminds me of the distinct charm of Fort Collins!  A

Apr 06, 2017 02:36 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Dick well it looks like the Fort Collins Real Estate Market is off to the races.  So glad to hear the good news and that spring is around the corner. Love that photo!

Apr 06, 2017 04:19 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is a huge increase of sales and says buyers are not waiting and ready to find a new home now. This is a great time to get a home on the market.

Apr 06, 2017 07:06 PM
Elva Branson-Lee
Solid Source Realty GA - Atlanta, GA
CDPE - Atlanta Real Estate & Short Sale Agent

Hot, hot, hot markets in Colorado, Dick. I hope many more clients will find you and benefit from your obvious market expertise.

Apr 08, 2017 05:49 AM