First Quarter home sales are in the books and prices are going up! Inventory is still playing a big part in the Northern Colorado real estate market. From $350,000 and below it is very active. Unfortunately for buyers, they are getting disappointed when they can’t get a home under contract due to multiple offers.
For existing homes, the Loveland–Berthoud quantity of homes sold over last year is up 8%. Fort Collins-Wellington is down 7%, Greeley/Evans is up 10%, and Windsor is up 18%.
Home prices continue to rise. The median and average prices in Loveland-Berthoud are up 10% and 15% respectively. Fort Collins–Wellington, saw a 11% increase and 11% increase. Greeley-Evans prices are also up 17% and 15%. Finally, in Windsor the highest priced zip code in northern Colorado, saw prices increase 5% and 11% over last year. How high will they go? Unfortunately, what goes up at some time must come down!
Rob Proctor- Broker At Home Real Estate Company, Loveland Colorado
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