Weld County CO - January 2013 Real Estate Market Report

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

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

(including Greeley, Windsor and Johnstown):

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January 2013 Weld County Real Estate Sales

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.

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January 2013 Weld County Real Estate Prices

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.

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January 2013 Weld County Real Estate Inventory

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.

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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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Sales being up 10% over last year is still a nice number. have a great Monday

Jan 14, 2013 12:55 AM #1
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Dick --- yes, that dreaded low inventory of properties available for sale rears its ugly head once again -- here's hoping for an improved(increased) number of homes for sale this year(well-priced, well-presented) in each of markets where this situation exists.  

Jan 14, 2013 12:59 AM #2
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Scott & Michael - Thanks for taking a look at my Weld County market report this morning and for your comments. I'm really hoping that we get a market correction on inventory this spring from the upward pressure on prices.

Jan 14, 2013 02:04 AM #3
Rainmaker
1,570,124
David Saks
(retired) - Memphis, TN

Sellers seem to be adjusting to the fact that market values have declined because of a distressed economy. Now that the concomitant psychology has settled in prices are adjusting to reflect the stark reality of this truth and make buying attractive for bargain hunters. Especially with gazillions of foreclosures and HUD homes still on the table. Hence, decrease in price equals increase in sales, as the laws of supply and demand dictate.

If Gucci shoes, priced at $1200 a pair, are suddenly marked down to $59.95 women will tear the doors down at Neiman Marcus to get to them.

Jan 14, 2013 02:40 AM #4
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

For all your Weld County, Colorado real estate needs, contact Dick and Mary Greenberg. Dick and Mary Greenberg are your Weld County, Colorado real estate experts.

Jan 14, 2013 08:02 AM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Dick, The inventory seems to be holding so maybe the spring market will take it down some.

Jan 14, 2013 10:35 AM #6
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