Fort Collins CO Real Estate Market Trends - October 2015

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335
https://activerain.com/droplet/4JPN

This is the October 2015 Real Estate Market Report for Fort Collins CO.

 

Fort Collins CO Home Sales September 2015

September 2015 home sales were down 9.8% to 276 from the 303 sales in August 2015, but up 5.4% from the 261 homes sold in September 2014. This is a fairly typical result for September, when we begin to see the first clear signs of a slower market due to normal seasonal effects.

 

 

Fort Collins CO Home Prices September 2015

Home prices decreased in September 2015 - the median price of sold homes dropped to $315K, a decline of 1.5% from $320 in August 2015, and the average price fell 2.0% to $351K from $358K in August 2015. The three-year trend is continuing to indicate steady upward movement in home prices, however, with the September price numbers up 35%+ over the last three years.

 

 

Fort Collins CO Home Inventory September 2015

Inventory is continuing to rise, with an 8.9% increase to 673 available homes in September 2015, up from 618 in August 2015. This increase is welcome, and, as indicated by the 2.4 month’s supply of inventory in September, is moving toward what is needed for market balance - however, we’re still experiencing a seller’s market at this time.

 

Summary:

The Fort Collins real estate market is beginning it’s transition into the usual seasonal slowdown, as we move closer to the holidays and winter weather. Sales and prices both fell in September, while inventory rose. It’s clear that buyer demand is still fairly strong - it’s being driven by on-going regional economic growth, and there is no reason to expect that there will be any significant change in that for the immediate future. We expect continued slowing in sales as well as inventory, and not much change in prices for the remainder of the year.

 

If you would like to check out what's on the market now, take a look at Homes for Sale in Fort Collins CO. When you find something that might be a good fit with your needs, please give us a call - we would love 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

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Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Dick -- another well-researched and presented analysis of the Fort Collins real estate market.   While the inventory levels are quite healthy, buyers need to understand and remain mindful of the significance of the very low months of supply number.  

Oct 05, 2015 02:25 AM #1
Rainmaker
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Dick, despite the seasonal slow down, Fort Collins real estate market is doing very well. It is a great time to buy before home prices start going up in 2016(I can't believe I just said 2016)!

Oct 05, 2015 05:33 AM #2
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Dick, well prepared Fort Collins CO Real Estate Market Trends report. A very useful tool for buyers and sellers.

Oct 05, 2015 07:09 AM #3
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

This market report is chock full of useful information for anyone wanting to keep a pulse on the Fort Collins real estate market.  Nicely done.

Oct 05, 2015 08:02 AM #4
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

As usual Dick, you provide meaningful data and make it easy to understand. I like that you put your personal opinions in there to explain some of the market changes.

Oct 06, 2015 10:49 AM #5
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