Loveland CO February 2012 Real Estate Market Report

Here is the Loveland CO February 2012 Real Estate Market Report:

January Property sales were 66, down 5.7% from 70 in January of 2011 and 24.1% lower than the 87 sales last month. January 2012 sales were at a mid level compared to January of 2011 and 2010. January year-to-date sales of 66 are running 5.7% behind last year's year-to-date sales of 70.

The Median Sales Price in January was $200,000, up 11.4% from $179,500 in January of 2011 and up 8.1% from $185,000 last month. The Average Sales Price in January was $265,038, up 15.1% from $230,346 in January of 2011 and up 14.6% from $231,341 last month. The January 2012 Average Sales Price was at the highest level compared to January of 2011 and 2010.

The Total Inventory of Properties available for sale as of January was 552, up 7.8% from 512 last month and down 12.5% from 631 in January of last year. January 2012 Inventory was at its lowest level compared with January of 2011 and 2010. The Average Days On Market for January was 86, down 13.1% from 99 days last month and down 6.5% from 92 days in January of last year. The January 2012 Average Days On Market was at a mid level compared with January of 2011 and 2010.

The Loveland CO February 2012 Real Estate Market Report shows mixed signals, with sales down, but prices continuing to improve. The slowdown in sales is most likely a result of seasonal effects, since underlying economic conditions have shown no significant change, and we still think that the improvement in median and average prices is probably from sales activity shifting to higher price ranges, and not indicative of any shift in actual home values.

In the meantime, prices continue to be very attractive and interest rates are remaining at all-time lows, so buyers interested in taking advantage of good opportunities should check out Loveland CO Realty for a closer look at what is currently for sale. If you something that catches your interest, please give us a call - we'd be happy to show you any of these homes at your convenience.