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Welcome > Local Market Statistics ...
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NoCo Market Statistics: January 2010
January 2010 northern colorado real estate market statistics are in! In the chart below, we examine the following leading market indicators for Greeley, Loveland/Berthoud and Fort Collins:
- U/C = Under Contract
- Number of sold properties
- MSI = Months Supply of Inventory
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National Numbers that Drive Real Estate
Numbers Released 2/5/10
Home Sales
After a rising surge for three straight months, existing home sales slowed in December
after first-time buyers rushed to meet the original November tax credit deadline
and evidenced by first timers accounting for 51% of sales in November compared to
43% in December. Its significant that home sales remain above year-ago levels, but
the market is going through a period of swings driven by the tax credit, said Lawrence
Yun, NAR chief economist. December sales of 5.45 million remain 15% above
the 4.74 million-unit level last year.
Median Home Price
Existing-home price was $178,300 in December, 1.5% higher than December 2008
and 8.2% above its low in January 2009. It was the first year-over-year gain in median
price since August 2007, attributable to an increase in the number of mid- to upper-
priced homes in the sales.
InventoryMonths Supply
The supply of homes continued to shrink, falling 6.6% to 3.29 million, representing a
7.2-month supply at the current sales pace. Compared to a year ago, there are now
11% fewer homes on the market. This is the lowest level of competing homes on the
market since March 2006.
Source: Keller Williams Realty, This Month in Real Estate, released 2/5/10.
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County Housing Market Snapshots
Please note: The fourth quarter 2009 column (Q4 09) shows forecasted movement. Actual fourth
quarter 2009 numbers will be available in follow-up issues. Source: IRES Economic
and Market Watch Report, 3rd Quarter 2009
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Larimer County, 3rd Quarter 2009
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Weld County, 3rd Quarter 2009
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County Housing Market Snapshots
Please note: The third quarter 2009 column (Q3 09) shows forecasted movement. Actual third
quarter 2009 numbers will be available in follow-up issues. Source: IRES Economic
and Market Watch Report, 2nd Quarter 2009
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 It's our job to know EVERYTHING about Fort Collins, Loveland and Windsor! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly...
About Appraisals >A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?
A professional appraiser's opinion of a property's market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.
An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.
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| Q |
Over what famous building is aircraft forbidden to fly at any time?
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| A |
No aircraft is permitted to fly over the Taj Mahal in India. |
 See More Real Estate Trivia > |
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Kittle Team
Keller Williams
2580 E. Harmony Road Ste 201
Fort Collins, CO 80525
970-690-4920
Fax: 970-377-3701
robkittle@NUMBER1EXPERT.com
As a leader and owner of the Colorado Home Specialists, Rob graduated with honors from the University of California in Santa Barbara with a B.S. in Hydrology and a B.A. in Environmental Sciences. After purchasing his first home in Fort Collins shortly after graduating, he was intrigued as to why there were so many students who were renting when could own a home and enjoy the benefits that home ownership provides. This passion led to a full time career in Real Estate where he initiated a first time home buyer program for the Colorado State University Students.
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