Below is some information published in the Northern Colorado Business report that I feel is relevant to my readers in the Northern Colorado Real Estate Market. The key is that things may take a step back for some regions and some quarters but if you look at the year over year things are slowly moving forward.
LOVELAND – Single-family home sales were up in May from April in Fort Collins and Greeley/Evans but down in the Loveland/Berthoud market, according to a report by Loveland-based Information and Real Estate Services.
The IRES report said there were 257 home sales in Fort Collins in May, up from 179 in April. Home sales in Fort Collins have been climbing since January.
Home sales have also been increasing since January in the Greeley/Evans market, with 131 homes sold in May compared to 121 in April.
Home sales in the Loveland/Berthoud market fell slightly in May with 126 homes sold compared to 137 in April. Home sales had been climbing in Loveland/Berthoud until May.
Year-to-date home sales in all three markets are still below 2010 levels. Through May, 818 homes have been sold in Fort Collins, down 13.7 percent from 948 sold in 2010. In Greeley/Evans, 491 homes were sold through May compared to 593 in 2010, a 17.2 percent decrease. And in the Loveland/Berthoud market, 521 homes were sold through May compared to 559 in 2010, a 6.8 percent decrease.
The median sales price in Fort Collins in May was $236,000, up 4.9 percent over May 2010. The median sales price in Greeley/Evans in May was $126,000, down 13.1 percent, and the median sales price in Loveland/Berthoud was $200,000, down 6.8 percent from May 2010, the report said.