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Market conditions for Fort Collins, Colorado

by Team Cook

Market Conditions for Fort Collins Colorado

The number of homes on the market as of 07/30/2010 is 1509

The average days on the market as of 07/30/2010 is 103

Market conditions for Johnstown, Colorado

by Team Cook

Market Conditions for Johnstown Colorado

The number of homes on the market as of 07/30/2010 is 179

The average days on the market is of 07/30/2010 is 117

Market conditions for Loveland Colorado

by Team Cook

Market Conditions for Loveland Colorado

The number of homes on the market as of 07/30/2010 is 900

The average days on the market is of 07/30/2010 is 113

Market Conditions for Berthoud Colorado

by Team Cook

Market Conditions for Berthoud Colorado

The number of homes on the market as of 07/30/2010 is 131

The average days on the market is of 07/30/2010 is 142

Weekly Market Conditions!

by Team Cook

Weekly Market Conditions!

November 10, 2009

Berthoud - The number of homes on the market as of 11/10/09 is 124.
The Average Days on Market as of 11/10/09 is 163

Ft. Collins - The number of homes on the market as of 11/10/09 is 1361
The Average Days on Market as of 11/10/09 is 106.

Johnstown - The number of homes on the market as of 11/10/2009 is 113.
The Average Days of Market as of 11/10/09 is 109.

Loveland - The number of homes on the market as of 11/10/09 is 821.
The Average Days on Market as of 11/10/09 is 115.

Larimer County - The number of homes on the market in Larimer County as of 11/10/2009 is 3173.
The average days on market for Larimer County as of 11/10/2009 is 119.

Weekly Market Conditions!

by Team Cook

WEEKLY MARKET CONDITIONS!

OCTOBER 14, 2009

BERTHOUD - The number of homes on the market as of 10/14/09 is 129.
The Average Days on Market as of 10/14/09 is 162

LOVELAND - The number of homes on the market as of 10/14/09 is 847.
The Average Days on Market as of 10/14/09 is 116.

FT. COLLINS - The number of homes on the market as of 10/14/09 is 1499
The Average Days on Market as of 10/14/09 is 106.

JOHNSTOWN - The number of homes on the market as of 10/14/2009 is 122.
The Average Days of Market as of 10/14/09 is 109.

LARIMER COUNTY - The number of homes on the market in Larimer County as of 10/14/2009 is 3400.
The average days on market for Larimer County as of 10/14/2009 is 119.

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."

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. 

Study: Area home prices dipped

by Team Cook

Loveland and Berthoud values declined, but other markets increased. Five of 11 major housing markets in Northern Colorado increased in value from 2007 to 2008; however, the Loveland - Berthoud market was not among them.

Home prices in Loveland and Berthoud dropped 1.9 percent from 2007 to 2008, according to a new study on home prices compiled by the Colorado State University Everitt Real Estate Center in Fort Collins.

The study counters the perception that the housing market is "in the tank," said John P. Gerhard, research analyst with the Everitt Real Estate Center in the College of Business.

Gerhard and Sriram Villupuram, a researcher with the Everitt Real Estate Center and assistant professor in the Department of Finance and Real Estate, compiled the house price indices study for year-end 2008. The study will be released each year in March and August to continue tracking the housing market.

"Its primary value will be to the real estate community," said Chuck McNeal, chief executive officer and chairman of the Group Inc. Real Estate, which has six offices in Northern Colorado.

"What it will do is make it easier for real estate professionals to explain to consumers the nature of markets," he said.

The house price indices study provides price indices for 11 major market areas in Larimer, Weld and Boulder counties and for individual census tracts in Northern Colorado.

The indices use data from information Real Estate Systems, a multiple listing service for Northern Colorado, and includes more than 180,000 closings from 1997 through 2008 in three counties. The indices use a weighted repeat sales methodology, which measures the price change for the same house when it is sold a second time.

The indices, which are provided at a county, market area and census tract level, are more detailed than other indices that report home prices," Gerhard said.

"Northern Colorado's housing market is actually in fairly good shape according to our analysis of housing prices," Gerhard said. "(The market) is hyperlocal, meaning it can vary widely by neighborhood and even block by block."

Gerhard and Villupuram found that the markets with the highest level of appreciation were located around the three major universities, Colorado State University, the University of Colorado and the University of Northern Colorado, and major employers.

The indices at the market area level show that the Tri-Town area of Dacono, Firestone and Fredrick increased the most in value at 2.1 percent from 2007 to 2008. For Collins - Timnath followed with a 1.5 percent increase. The other three market areas showing an increase were Boulder, Gunbarrel, Estes Park and Erie. The market area with the largest decline in value was Greeley - Evans at 8.2 percent, followed by Longmont at 4.7 percent.

The other markets with a decline were Johnstown, Milliken, Windsor, Severance, Loveland, Berthoud, Louisville and Lafayette.

Over the 11-year span, Boulder - Gunbarrel showed the greatest increase in home prices, appreciating 89.1 percent from 1997 to 2008, while Greeley - Evans showed the lowest level of appreciation at 7.9 percent.

The Loveland - Berthoud market fell in the middle with a 39.1 percent appreciation.

Article written by Shelley Widhalm and published in the Reporter-Herald

Displaying blog entries 11-19 of 19

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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

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