Northern Colorado Real Estate Market still a mixed bag for Q3 2008

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%.

Single Family Homes (Resale market) Jan - Sept 2008
Market Area	Homes Sold	Total $ Volume	High $	Low $	Median $	Average $
Loveland/Berthoud	961	$243,597,963	$3,000,000	$26,500	$202,500	$253,484
Fort Collins	1797	$475,937,906	$2,000,000	$28,000	$229,000	$264,851
Greeley/Evans	1089	$166,361,461	$875,000	$24,000	$138,947	$152,765
Windsor	209	$59,791,662	$975,000	$75,000	$235,000	$286,084

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

Single Family Homes (New Construction) Jan - Sept 2008
Market Area	Homes Sold	Total $ Volume	High $	Low $	Median $	Average $
Loveland/Berthoud	167	$63,296,529	$1,257,679	$179,420	$364,000	$379,021
Fort Collins	216	$83,133,524	$2,019,417	$158,000	$269,115	$384,877
Greeley/Evans	62	$16,038,420	$599,900	$130,778	$216,500	$258,684
Windsor	90	$39,905,712	$1,257,679	$175,000	$419,900	$443,397

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