Rob Proctor, GRI ePro

Compared to the rest of the country, the resale housing market last year could have been a lot worse here in Northern Colorado.

Unfortunately new construction fell right in line with everywhere else. National builders have not returned to Northern Colorado. The small builders that are still around are liking that very much.

The following table shows how 2008 compared with 2007 for residential single family homes (resale and new construction) in each market area.

From an overall stand point, Greeley is the shinning star for 2008 for resale volume being in the positive. All other market areas were down. Median prices in all areas lost ground in 2008, however the average price did see some positive growth. One thing I did see in the fourth quarter was some over all rebounding from earlier quarters. Without that rebound, it would have been more in line with the rest of the country.

Foreclosures in 2008 still had a gripe on the market. It kept some of the owner occupied homes on the market a little longer then the sellers would like. However, foreclosures are starting to lighten up and should help others to sell faster.

In 2008, to get a home sold it needed to be in the right location, priced at market value, and in superb condition. It was not uncommon to see a home with all three of this attributes to be under contract in less than 30 days. Features like location, market value, and condition have always been needed to get a home sold fast. If you don't have all three, you might have to put a little extra into the remaining ones to compensate for the missing feature for in 2009.

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

Rob Proctor

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

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

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