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DID YOU KNOW???

by Team Cook

DID YOU KNOW...

  • Colorado ranked 11th among the 50 states and the District of Columbia in the home price appreciation during the second quarter of 2009, according the the Federal Housing Finance Agency House Price Index.  The report shows that home values in Colorado increased 0.17 percent over the first quarter.

 

  • The Business Week magazine survey ranked Fort Collins number 19 among the nation's strongest housing markets! The report shows that 28.82 percent of homes in the area increased in value from the second quarter in 2008 to the second quarter in 2009.  The report also states that Fort Collins "has excellent schools, low crime, and a vibrant downtown known as Old Town. It has miles of hiking and biking trails, 600 acres of parks, and 5,000 acres of natural areas." The survey in Business Week is based on data compiled by www.zillow.com.

 

  • The Larimer Home Ownership program is administered by the Housing Authority of the City of Loveland and offers down payment and closing cost assistance to low and moderate income families purchasing their first home.

 

  • The City of Fort Collins Home Buyers Assistance program is available for households financially ready to buy a home but do not have the funds in hand to cover down payment and closing costs.

 

Contact Team Cook for more information on statistics or programs available in the Northern Colorado area such as Berthoud, Loveland, Ft. Collins, Longmont, Boulder, Greeley and everything in between!

 

 

 

September Market Update

by Team Cook

For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the The National Association of Realtors® (NAR). Existing home sales - including single-family, townhomes, condominiums, and co-ops - increased 7.2 percent in July, which is the largest monthly sales gain recorded since 1999. Analysts are projecting an increase in 2009 of existing home sales to a seasonally adjusted annual rate of 5.24 million units, which is 5 percent above the 4.99 million-unit pace set in July 2008.

"The housing market has decisively turned for the better," said Lawrence Yun, chief NAR economist. "A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales."

Ground Breaking News for Ponderosa Elementary!

by Team Cook

Located in the North West part of Loveland Colorado the official groundbreaking began for the Thompson School District's newest school, Ponderosa Elementary on July 23rd. 

This will be Loveland's newest Elementary School and will cover 72,000 square feet and have anticipated for four classes per grade.

The school is expected to be completed in one year with plans to be ready for the 2010/2011 School year.

Market Conditions!

by Team Cook

Approximate Location Boundaries: Berthoud

41 Residential Homes Sold in 2nd Qtr. 2009
Median Price was $232,000.00
24 Residential Homes Sold in 1st Qtr. 2009
Median Price was $236,000.00
36 Residential Homes Sold in 1st Qtr. 2008.
Median Price was $215,000.00.
The number of homes on the market as of 08/18/09 is 126.
The Average Days on Market as of 08/18/09 is 151.

Location Characteristics:
Nestled between the cities of Loveland and Longmont, Berthoud's local charm is well known. Shaded parks, quaint and historic neighborhoods, and peaceful streets allow Berthoud a special ambiance.

Approximate Location Boundaries: Fort Collins

742 Residential Homes Sold in 2nd Qtr. 2009
Median Price was $215,000.00
408 Residential Homes Sold in 1st Qtr. 2009
Median Price was $210,000.00.
422 Residential Homes Sold in 1st Qtr. 2008.
Median Price was $211,000.00.
The number of homes on the market as of 08/18/09 is 1543.
The Average Days on Market as of 08/18/09 is 110.

Location Characteristics:
Fort Collins is 60 miles north of Denver and is nestled on the Colorado plains near the Rocky Mountain foothills. With a population of over 120,000, this college town provides many interesting diversions. The combination of great recreation, safe living, vibrant culture and outstanding beauty have placed the city of Fort Collins on many top ten lists including Best Place to Live and Work in America, Best Place to Visit and Best Place to Retire. Residents of this lovely city enjoy a quality of life that is indeed to be envied.

Approximate Location Boundaries: Johnstown

161 Residential Homes Sold in 2nd Qtr. 2009
Median Price was $219,900.00
28 Residential Homes Sold in 1st Qtr. 2009
Median Price was $185,000.00.
42 Residential Homes Sold in 1st Qtr. 2008.
Median Price was $189,900.00.
The number of homes on the market as of 08/18/2009 is 142.
The Average Days of Market as of 08/18/09 is 116.

Location Characteristics:
Johnstown is situated along I-25 just south of Loveland. Johnstown offers a rural quality of life unsurpassed on the Northern Colorado Front Range. This small town presents a superb place to buy, rent or sell with the expanding community opportunities, from the high-quality neighborhoods with the grand mountain views to the vast chooses of job prospects.

Approximate Location Boundaries: Loveland

331 Residential Homes Sold in 2nd Qtr. 2009
Median Price was $185,880.00
210 Residential Homes Sold in 1st Qtr. 2009
Median Price was $200,000.00.
251 Residential Homes Sold in 1st Qtr. 2008.
Median Price was $195,000.00.
The number of homes on the market as of 08/18/09 is 911.
The Average Days on Market as of 08/18/09 is 117.

Location Characteristics:
Loveland is a great place to live. Situated within the beautiful Colorado landscape, Loveland combines the splendor of nature with a vibrant community devoted to social interests, cultural activities and outdoor pleasures. With a population of over 50,000 residents, you can enjoy the benefits of small town living in a relaxed and safe environment. You can visit the nearby town of Berthoud. Nestled between the cities of Loveland and Longmont, Berthoud's local charm is well known. Shaded parks, quaint and historic neighborhoods, and peaceful streets allow Berthoud a special ambiance. 

Check out Thomson School District CSAP Reports for 2009!

by Team Cook
 
 
 
 
 
Cottonwood Plains Elementary
Loveland, Colorado
http://www.reporterherald.com/webextra/csap/elem_school.asp?ID=1920
 
 
 
 
Laurene Edmondson Elementary
Loveland, Colorado
http://www.reporterherald.com/webextra/csap/elem_school.asp?ID=5018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Thompson Valley High School
Loveland, Colorado
http://www.reporterherald.com/webextra/csap/high_school.asp?ID=8824
 
The statewide ACT scores also were released. Here is a list of the 2009 average composite scores:
 
Berthoud High School: 21.13
 
Loveland High School: 20.63
 
Ferguson High School: 14.49
 
Mountain View High School: 19.42
 
Thompson Valley High School: 20.47
 
District: 20.17
 
State: 19.6

Possible Homebuyer Tax Credit Extension!

by Team Cook

The current deadline for first-time homebuyers to take advantage of the $8000. tax credit is November 30th of 2009.

Team Cook has had several happy customers who have taken advantage of the tax credit and purchased their first home in the Loveland, Berthoud, Ft. Collins, Johnstown, Greeley and Longmont areas.

A group of home builders has gone to Congress and asked that the tax credit be extended for another year, as well as asking the credit to include those who also may be buying their second or third home.

Should this extension pass they are predicting this would help the economic recovery by creating an additional 350,000 jobs with new & existing homes.

"Housing historically has been a key factor in helping the economy pull out of a recession," says Bernard Markstein, senior economist for the NAHB. "Extending the credit will help reduce the supply of houses for sale, stabilize prices and return housing to its rightful place in the economy."

As of today the tax credit has not been extended which means we still have to work under the November 30th deadline.  If you are a first-time homebuyer or have not purchased a home in the last 3 years, you still have time to take advantage of receiving $8,000! 

Call Team Cook so we can help you purchase today...before it's gone tomorrow! 970-532-2695!

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Team Cook Real Estate Services
The Cottage Realty Ltd.
908 Mountain Avenue
Berthoud CO 80513
970-532-2695
Fax: 970-532-2699

"I have truly heard and seen first-hand that Cottage Realty is wonderful, exemplary, and a real asset to the economy of Northern Colorado. I will definitely keep Cottage Realty in mind as my first choice if and when I have real estate needs in the future. Again, thank you so much. I will also refer you to friends and family who need your services. Sincerely...Stacy"