Loveland, CO

Yes, homes are selling if they are in the right location, priced at market value, and are in great condition. I have personally had listings that had all three, go under contract in 40 to 50 days this year.

Re-sale homes for the Loveland/Berthoud market areas are only down 3 % over last year. The Fort Collins/Wellington market is down 12% an improvement of 1% from last month. Greeley/Evans is up 6%, clearly on a rebound from last year. This is quite a comeback for Greeley. Finally Windsor is seeing a correction from being up the past years is down 17% over last year.

Northern Colorado new construction is still sluggish at 25 to 50 % down over last year. Fort Collins is the strongest market area and Greeley is the weakest.

Rob Proctor - Broker, At Home Realtors 231 W 4th St Loveland CO

http://www.at-home-realtors.com

In May, I felt the Northern Colorado housing market had bottomed and we were poised for growth by the end of the year. It's amazing how fast things change. The resale side of the housing market here in Northern Colorado has slowed a little. The good new is...we are better off then other parts of the country right now.

Well the third quarter is behind us. Most of the market areas are still down in volume. Loveland resale market is still down 4% compared to last year. Fort Collins (13% decrease) made a 1 point improvement to over last month. Windsor has also improved over last month and is down -19% (a 5 point improvement). Greeley is the shinning star with a 4% increase over last year.

Home prices although down, isn't a big concern as it is elsewhere in the nation. We are seeing median home prices anywhere from being down 3 to 4% (Loveland, Greeley, and Windsor) to no change (Ft Collins). The average home price is down 1 to 6% in all areas except for Ft Collins. They have seen the average go up 1%.

New construction continues to lag last year in with all markets areas down 24 to 56%.

Data Source: Information Real Estate Services (IRES), Information deemed reliable but not guaranteed. All numbers are for residential single family sales only and do not include attached home

Rob Proctor - Employing Broker, At Home Realtors http://at-home-realtors.com

Kendall Brook subdivision located three miles north of Highway 34, on the northwest side of Loveland on the northwest corner of North Taft Avenue and West 43rd Street. Fully developed single family lots are still available in second and third phase. Price includes water, sewer, gas, electric and cable TV stubbed to each finished lot. The neighborhood has paved streets, curbs, gutters, entry monumentation, landscaping, streetlights and sidewalks. Other amenities in this subdivision include:

• Tremendous open space
• Soccer field
• 4 Parks with playground equipment
• 1 Park without playground equipment
• City trail system along the Louden Canal
• Excellent views of the Rocky Mountains
• Professionally managed & landscaped community
• Close to shopping, entertainment and recreation
• Convenient to downtown Loveland and Lake Loveland
• 6 miles south of the City of Fort Collins

Currently, R&R Homes have 5 spec homes to choose from! Stop by the model home at 4850 Georgetown Drive. Open Saturday & Sunday from 1:00-5:00 pm.

Or for more information check out our website at: www.randrnewhomes.com

For the first five months the Loveland CO resale market is a little mixed. The number of homes sold (511 homes). is up 4% when compared to last year.

However the median price is down 6% ($195,000) and the average price down 11% ($249,630). On the bright side, the median and average prices have improved since last month.

It is still a great time to buy and sell in Loveland. Our office had three listings in a row that were under contract in 40 to 50 days. When the average days on market is 127 days, that was fantastic and our Seller's loved it.

Rob Proctor Broker, At Home Realtors http:\\www.at-home-realtors.com

Wondering how to get your home Sold in a challenging Buyer's market? A key factor is in pricing it right. What a home brought a year ago is not a valid price point today, in a constantly changing real estate market. So what exactly is market value? Let's start by understanding what market value is not. Market value is not a tax assessed value, and it is not a replacement value. Market value does not mean the price you paid plus the value of improvements, or what the home appraised for when you refinanced last summer. Rather, market value is the value at which a Seller is willing to sell and at which a Buyer is willing to buy. The market always determines the price, and the market is always changing.

Value is affected by many factors: condition, location, obsoleteness of features, progression/regression, etc. Comparable sales help determine how to price it right, as well as an updated knowledge of what price points are doing in any given area. There are many ways to arrive at a price that will bring offers in no matter what the market is like. Any property will sell if it is priced correctly!

Negative media regarding the housing market is driving pricing down. Many folks are of the belief that Sellers are selling at a blue light special prices of 30% off and are making offers which so reflect. This is simply not true! While housing values are down because of the foreclosure and short sale situations, I can assure you we're not seeing many blue light specials!

So, who is buying? First time homebuyers, investors who plan to hold properties for a couple of years to gain an equity position, and new investors who are taking advantage of self-directed IRAs to get started in real estate investing. It's a great time to buy real estate!! In a downturned housing market, the bad news is that you may be taking quite the haircut in selling your home, but the good news is that you will likely also be giving a pretty good haircut on the next home you purchase. It's still up to you to make the move!