Most of the cities home prices fall.
In an article this morning in the Times Call, Longmont Board of Realtors President as well as the County Assessor commented on Longmont and surrounding areas home prices. Looking at the data it was clear that although Boulder Counties property values decreased, Boulder itself as well as many other towns saw positive growth. Longmonts higher foreclosure rate played a good part in the average price drops.
LBR President stated Longmont's regional housing market includes southern Larimer and southwest Weld counties, as well as Boulder County, and that housing values in Longmont are influenced by what's happening in all three of those counties.
See the map below, Longmont has seen diverse change from neighborhood to neighborhood and it is particularly interesting to see that areas of Old Town and Prospect saw positive growth.
Looking more at Boulder County as a whole, you can see below that many areas also saw positive growth. Longmont, Superior, Erie and Rural Plains being the areas seeing negative numbers. This really puts into perspective that you cannot classify "The Housing Market" as a whole. Each individual neighborhood, town and county all have different stories to tell.
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