Mary & Dick's Blog

New Homes for Sale in Loveland CO

New construction home sales in Loveland for the first quarter of 2011 were 37, up 32% from the first quarter of 2010. That trend has continued into April, with 12 homes sold, as compared to 8 homes sold during April of 2010, with a few crucial end-of-month days still left to take that number even higher. That's a good start, leaving us with a reasonable expectation that the second quarter will also outpace 2010.

The median sales price for 2011 new construction sales was $221,579, quite a change from the 2010 median price of $328,000. We'll have to dig a bit to get an explanation for that difference, but for now, our guess is that it is reflective of the return of larger regional and national builders, who are concentrating on a more affordable segment of the marketplace.

Inventories are high, with 150 active new homes on the market, close to a year's worth of inventory at current absorption rates. The median price of $222,232 for these active homes is consistent with the median price for sold homes, and indicative of the persistence of the change in values from 2010. While most of this new home inventory remains unbuilt, and actually consists more of builder lot inventory, there are more spec homes being built.

This data suggests that the market for Loveland CO New Houses for Sale is a bright spot in an improving market - it's worth taking a closer look.

Mary & Dick

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

 

Data Source: IRES MLS

Comment balloon 3 commentsDick Greenberg • April 26 2011 02:24PM

Comments

Making sure the that Minnesota Mafia will show up.  Starting at the bottom.  Your market reports are great...

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) about 6 years ago

How are the new homes sales doing now, Dick?  Is inventory lower or are you experiencing, as we are, new housing starts all around our area?

Posted by Suzanne McLaughlin, Sabinske & Associates, Realtor (Sabinske & Associates, Inc. (Albertville, St. Michael)) about 6 years ago

Hi, Dick, Your new homes sales even last year were much in line with ours.  But, we have had more housing starts this year than last.  It would be great to see newer housing again.

Posted by Don Sabinske, Sabinske & Associates Inc. (Don Sabinske, Sabinske & Associates Inc.) about 6 years ago

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