Larimer County CO - January 2013 Real Estate Market Report

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

Here is the Larimer County CO January 2013 Real Estate Market Report

(including Fort Collins, Loveland, Berthoud and Wellington):

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January 2013 Larimer County Real Estate Sales

December Property sales were 321, down -10.1% from 357 in December of 2011 and -33.5% lower than the 483 sales last month. December 2012 sales were at their lowest level compared to December of 2011 and 2010. December year-to-date sales of 5,753 are running 20.2% ahead of last year's year-to-date sales of 4,785.

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January 2013 Larimer County Real Estate Prices

The Median Sales Price in December was $228,500, up 7.5% from $212,500 in December of 2011 and down -0.7% from $230,000 last month. The Average Sales Price in December was $274,396, up 7.9% from $254,376 in December of 2011 and up 3.8% from $264,441 last month. The December 2012 Average Sales Price was at highest level compared to December of 2011 and 2010.

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January 2013 Larimer County Real Estate Inventory

The Total Inventory of Properties available for sale as of December was 2,026, down -0.4% from 2,035 last month and up 0.5% from 2,015 in December of last year. December 2012 Inventory was at a mid range compared to December of 2011 and 2010. The Average Days On Market for December was 86, up 11.7% from 77 days last month and down -13.1% from 99 days in December of last year. The December 2012 Average Days On Market was at its lowest level compared with December of 2011 and 2010.

Looking at the overall numbers for Larimer County, it is pretty apparent that 2013 was a year of recovery for the housing market. Even though December was slow, and expected seasonal occurrence, sales were up for the year over 20%, and prices trended upward steadily. The only worrisome indicator is low inventory, which certainly contributed to the price increases, but left a moderately unbalanced market. We're certainly optimistic about the prospect for the coming year - the regional economy has shown steady improvement and some job growth, and we're hopeful that potential sellers will respond to improved market opportunities for their homes.

We will see some decent activity during the remaining months of winter, as buyers respond to what are still good opportunities to take advantage of low interest rates. Seller who expect to attract their interest will need to price their homes well, prepare them for viewing, and market them effectively.

If you'd like like to check out the homes currently on the market, take a look at Fort Collins CO Homes for Sale, Loveland CO Realty, or use our custom search page to find nice homes for sale in other Larimer County CO communities, . If you find something that looks interesting, please give us a call - we'd be pleased to show you any of these fine homes 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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Tags:
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Rainmaker
637,816
Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

Without your excellent analysis, I would have thought differently about the report from the graphs.  Good job, Dick!

Jan 11, 2013 12:50 AM #1
Rainmaker
4,448,478
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dick,

Your presentation of the Larimer county stats is beautifully done and presented.  Wishing you and Mary a great weekend.  A

Jan 11, 2013 01:32 AM #2
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hi Dick,  Looks like December was down just a bit but that is usually to be expected over the holidays.  It will bounce back

Jan 11, 2013 01:50 AM #3
Rainmaker
3,170,297
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hey Dick, get ready for the market to take off the way the graphs shows.  They a look at the finish produce on my blog today.

Jan 11, 2013 02:12 AM #4
Rainmaker
698,877
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Dick, I guess people are more interested in skiing than house hunting in December.  You'll have a terrific Spring.

Jan 11, 2013 02:29 AM #5
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Don, Ron & Alexandra, Belinda, Will, and Chris & Dick - Thanks for your comments this morning on my Larimer County Market report. Spring is definitely looking good for this year.

Jan 11, 2013 03:41 AM #6
Rainmaker
2,999,396
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Similar to other results with less homes sold in December but less homes for sale. it is good to see that number of being up 20% for the year though

Jan 11, 2013 04:15 AM #7
Rainmaker
925,799
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Looking for the best brokerage in Larimer County Colorado?  Look no further than Dick Greenberg and Elevations Real Estate.  They know the market!

Jan 11, 2013 07:39 AM #8
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