The following is an article from NCBR that discusses the rise in the number of residential property sales that took place in March. Fort Collins saw a huge jump in sales in March compared to February and there is also a significant increase in the first quarter of 2010 compared to 2009.
April 13, 2010 —
The number of residential property listings sold took a healthy jump across Northern Colorado in March, as warmer weather, more homes on the market and the soon-to-be-gone $8,000 first-time homeowner tax credit resulted in strong sales.
The Fort Collins market saw the most sales activity, with 190 detached single-family homes sold in March, or 48 more than sold in February, according to data collected by Information and Real Estate Services in Loveland. Through the first quarter of 2010, a total of 433 homes were sold compared to 368 during the same period in 2009.
The Loveland-Berthoud residential market had 126 home sales in March, up by 46 over the 80 sold in February. A total of 263 homes were sold through the quarter, up by 32 over first quarter 2009.
The Greeley-Evans market had 116 home sales in March, up 37 over February. However, first quarter sales were down 14.9 percent in Greeley-Evans with 274 homes sold compared to 322 last year.
Home sales were also up in Estes Park, with 16 homes sold in March compared to 10 in February. A total of 37 homes were sold through the first quarter compared to 21 in 2009.
Estes Park had the highest median sales price in the region at $275,000, followed by Loveland-Berthoud at $234,500. Fort Collins’ median sales price was $218,850 and Greeley-Evans’ median price was $134,900, up 9.7 percent over March 2009.
Northern Colorado Real Esate Specialist