Here is the Weld County CO January 2013 Real Estate Market Report
(including Greeley, Windsor and Johnstown):
December Property sales were 250, down -9.4% from 276 in December of 2011 and -15.0% lower than the 294 sales last month. December 2012 sales were at their lowest level compared to December of 2011 and 2010. December year-to-date sales of 3,738 are running 10.0% ahead of last year's year-to-date sales of 3,399.
The Median Sales Price in December was $196,050, up 19.5% from $164,000 in December of 2011 and down -1.9% from $199,925 last month. The Average Sales Price in December was $213,895, up 16.1% from $184,262 in December of 2011 and up 0.4% from $212,937 last month. The December 2012 Average Sales Price was at highest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 1,200, up 1.3% from 1,185 last month and up 1.7% from 1,180 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 55, down -12.7% from 63 days last month and down -27.6% from 76 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.
While Weld County real estate market is heavily influenced by Greeley, it is still useful to take a look at the aggregate data which includes Windsor, Johnstown and other smaller communities. 2012 was a good year for Weld County, with overall sales up over 10%, and prices rising steadily throughout the year. The big surprise was the persistent low level of available inventory, which unbalanced the market in favor of sellers - this was probably the biggest contributing factor to the price increases. We expect the regional economy to improve over the coming year, and with it, the real estate market - we're optimistic about a continued recovery for Northern Colorado.
The next few months will be slower, as is typical for this time of year. But Weld County has the widest array of affordable homes in the region, and there will be continued buyer activity, driven by a good selection of affordably-priced homes and low interest rates. Sellers with competitively-priced homes, properly prepared for the market, will attract some interest.
If you're curious about the inventory of currently available homes, check out Greeley CO Homes for Sale, or if you're looking for nice affordable homes for sale in the other Weld County CO communities, try our Custom Search Page.. If you run across something interesting, please give us a call - we would love to set up showings of any of these homes, at your convenience.