The first quarter is over and the Fort Collins Colorado residential real estate market is a little mixed. The total number of resale homes sold compared to the same period last year is down -18%. Median home price is also down for the quarter at -6%. On the bright side, the average selling price is up +5%. More trade up homes are being purchased.
New construction is still needing help. First quarter volume is down -42%. However the median price is up +22%. The average is flat over the same period last year.
The next three months will tell the story if we are rebounding.
Rob Proctor - Broker, At Home Realtors, http://www.at-home-realtors.com
The first quarter is over and the Loveland Colorado residential real estate market is a little mixed. The total number of resalehomes sold compaired to the same period last year is down -8%. However the medial sales price is up +3% and the average is flat at a -1%.
Bottom line is resale prices are holding desite volume being down a little. It will be interesting to see how the next three months come in.
New construction on the otherhand is still need a shot in the arm. Volume is down -46% and the median price is also down a -6%. A bright spot is that the average price is flat.
When compared to the rest of the country, I'm glad I live in Colorado!
Rob Proctor - Broker, At Home Realtors, http://www.at-home-realtors.com
Incase you didn't see it. Forebs has Fort Collins Colorado as their #2 place for "The Best Places For Business And Careers". This is why we live in Northern Colorado! Congradulations Fort Collins!
And what about the rest of Colorado. Colorado Springs is at #10, Denver at #14. and Boulder at #20. Life is good!
Rob Proctor- Broker with At Home Realtors http://www.at-home-realtors.com
I'm so sick and tired of the media. On the front page of the local paper this week they have in big bold letters " Home price spiral on going". This negativityneeds to stop. The American public deserves more! In this same article, also in big letters, "Fourth-quarter declines post records, but down turn trends slows in Denver. Still somewhat negative. Then it took them 3/4 of the article to say that the Denver market down turn has slowed year over year. A little better but still negative. Negativity breeds more negitivity.
A couple of my clients (buyers) recently told me that prices are down, why can't the home sellers realize that. Again they were referring to what they have heard in the media. I told them that actually our area in northern Colorado the resale market for 2008 was only down 4 to 6 % over last year not the 20+% they heard in the paper and television. They were surprised. There are others out there thinking the same.
Can we start talking about something good for a change! When I start thinking about good and positive thoughts, what was in a negative down turn personally starts reversing. What a concept!
I would like to hear your thoughts.
3402 Florida Ave Loveland Colorado MLS # 590860, Listed for $264,900
If you are looking for a home in Country Club Estates, this is the one! Large lot, mature landscaping, park like backyard, sprinkler system, and huge multi-level large deck w/fire pit for entertaining round out the exterior features. With over 3100 sqft this ranch has it all. Large kitchen, formal dining room, new carpet, central AC, 90% finished basement, 14x13 bonus room, 20x12 storage/workshop in basement, and two fireplaces just to name a few. Membership to Centennial Recreation Club included.
Rob Proctor, Broker 970-481-2311 http://www.at-home-realtors.com
I'm your home town real estate professional. Local independant realtor/broker serving Northern Colorado (Loveland, Fort Collins, Windsor, Wellington, Greeley, Berthoud, and Johnstown/Milliken).
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