October 2012 Real Estate Market Report - Fort Collins CO

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

This is the October 2012 Real Estate Market Report for Fort Collins CO Homes for Sale:

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Fort Collins CO October 2012 Real Estate Sales

September Property sales were 253, up 28.4% from 197 in September of 2011 and -21.2% lower than the 321 sales last month. September 2012 sales were at their highest level compared to September of 2011 and 2010. September year-to-date sales of 2,318 are running 16.8% ahead of last year's year-to-date sales of 1,985.

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Fort Collins CO October 2012 Real Estate Prices

The Median Sales Price in September was $236,665, up 7.6% from $220,000 in September of 2011 and up 4.3% from $226,985 last month. The Average Sales Price in September was $267,089, down -3.2% from $275,943 in September of 2011 and down -3.2% from $275,867 last month. The September 2012 Average Sales Price was at a mid range compared to September of 2011 and 2010.

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Fort Collins CO October 2012 Real Estate Inventory

The Total Inventory of Properties available for sale as of September was 949, up 12.7% from 842 last month and up 0.1% from 948 in September of last year. September 2012 Inventory was at a mid range compared to September of 2011 and 2010. The Average Days On Market for September was 41, up 5.1% from 39 days last month and down -39.7% from 68 days in September of last year. The September 2012 Average Days On Market was at its lowest level compared with September of 2011 and 2010.

Slow but steady improvement in market conditions is the conclusion we draw from looking at at this latest data. The decrease in sales from August is typical seasonality, as can be seen in the chart, price variations are small and probably not indicative of anything beyond signaling where buyer activity has been focused. And inventory, while still low, continues to increase. 2012 certainly looks better than the previous two years, but we're now in the grip of the fall and winter slowdown, and will have to wait for Spring of 2013 to get a feel for how sustainable our recovery is.

And in spite of seasonality, it is still a good time to buy and sell homes. For buyers, there are lots of well-priced homes in all price ranges, and low interest rates have a substantial effect on affordability. And for sellers, competition is limited, so proper preparation and pricing will be rewarded.

If you'd like to check out what is currently on the market, take a look at Fort Collins CO Homes for Sale. And if you find something that looks interesting, please give us a call - we'd be happy to show you any of these homes at your convenience.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

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Topic:
Real Estate General Information
Location:
Colorado Larimer County Fort Collins
Groups:
Market Reports
City & State: Listings and Market Reports
Posts to Localism
Fort Collins Rainers
2013MarketReports
Tags:
statistics
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market report
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Rainmaker
1,003,056
Belinda Spillman
Your Real Estate Resource For Life!
Aspen Lane Real Estate LLC

Dick,  you are right.  There are still buyers out there looking for that perfect home.  This is a great time to sell.

October 04, 2012 08:21 AM
Rainmaker
972,672
Michael Jacobs
Pasadena Real Estate Representation 818.516.4393
Coldwell Banker Residential Brokerage

Hi Dick -- inventory up, sales volume up, sales prices about even ---- as you state there are still opportunities for both buyers and sellers in Fort Collins and that's a good thing....if they contact you for representation.  

October 04, 2012 09:07 AM
Ambassador
1,115,809
Dick Greenberg
Northern Colorado Residential Real Estate
New Paradigm Partners LLC

Hi Belinda & Michael - Thanks for your comments. As you can see, the news is good - but we're going to have to wait until spring to see just how good it really is. I'm optimistic.

October 04, 2012 09:23 AM
Rainmaker
1,050,822
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Up 28.4% is a great number, it is similar here, I just need some more homes to sell. has the cold air hit you yet?

October 04, 2012 04:46 PM
Rainmaker
967,213
Kevin B. Tolbert PA Team
New Home Construction and Luxury Specialist!
Keller Williams Realty of Port Saint Lucie

More good news for your area.  Use this for the new AR Contest by infographic.

October 04, 2012 06:03 PM
Rainmaker
687,830
Kwee Huset
Venice Florida Homes For Sale
Kwee Huset Realty

Hi Dick, great market report keeping everyone informed and educated. Buyers would be wise to contact for help.

October 04, 2012 06:53 PM
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Dick Greenberg

Northern Colorado Residential Real Estate
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