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For the year so far (January through August) we have seen 830 existing homes sell in Loveland. Total sales dollar volume is $194,749,030 and the highest price home is $1,100,000. The median sales price is $199,900 and the average price is $234,637
So what does all of this mean? Year to date, Loveland existing home market saw a 4 % decline in volume over same period last year. However the median home price only fell 1%.
Not bad considering.
Rob Proctor - Broker with At Home Realtors, http://www.At-Home-Realtors.com
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July's existing home sales in Loveland Colorado grew 30% over June. However we are still down for the year ( -7%) when comparing to the same period as last year. We should be at 760 homes sold for the year and we are at 709. Considering the economy still not bad.
The July's inventory fell from 6.7 months of inventory in June to 5.06 months. This may suggest homeowners are waiting to put homes on the market.
The total dollars volume sold year to date is $164,778,091. The highest priced acheived for a home sold so far for this year is $1,100,000 and the lowest is at $21,100. The median price is now at $198,000 and the average price is $232,409. Currently sales in the $200,000 or less being hot is bringing the average down right now.
It is still a wild year in real estate.
Rob Proctor, Broker with At Home Realtors Loveland Colorado http://www.at-home-realtors-com
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Despite fewer homes being sold in Loveland Colorado, the average price is holding it's own compared to the rest of the country. This is a great area to invest and to live.
Here is a chart showing what the home market has done over the last 10 years for the
Loveland/Berthoud Residential Sales Statistics for resale & new construction
| Year | # of Homes | % Change | Dollar Value | % Change | Average Sales Price | % Change |
| 1998 | 1816 | 12% | $ 288,889,280 | 18% | $ 159,080 | 6% |
| 1999 | 1751 | -4% | $ 307,358,050 | 6% | $ 175,533 | 10% |
| 2000 | 1965 | 12% | $ 379,419,885 | 23% | $ 193,089 | 10% |
| 2001 | 1866 | -5% | $ 392,471,195 | 3% | $ 210,327 | 9% |
| 2002 | 2045 | 10% | $ 445,880,256 | 14% | $ 218,034 | 4% |
| 2003 | 1976 | -3% | $ 438,846,011 | -2% | $ 222,088 | 2% |
| 2004 | 2162 | 9% | $ 514,310,240 | 17% | $ 237,886 | 7% |
| 2005 | 2142 | -1% | $ 531,754,516 | 3% | $ 248,251 | 4% |
| 2006 | 1820 | -15% | $ 464,160,780 | -13% | $ 255,033 | 3% |
| 2007 | 1604 | -12% | $ 392,540,165 | -15% | $ 244,726 | -4% |
| 2008 | 1467 | -9% | $ 350,466,694 | -11% | $ 238,900 | -2% |
Currently we we have about 6.7 months of inventory for the resale market. this is down substantially from the 8.6 the month before. It won't be long until we are in a neutral market.
Rob Proctor, Broker At Home Realtors, http://www.at.home.realtors.com
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