Mary & Dick's Blog

Fort Collins CO Real Estate Market Trends Report for June 2015

This is the Fort Collins CO Real Estate Market Trends Report
for June 2015

 

Fort Collins Home Sales May 2015

Home sales were up sharply in May 2015, to 374 homes sold, an increase of 43.3% over the 261 sales in April 2015, and up 7.8% from the 347 sales in May 2014. Demand remains strong, particularly in the lower and mid-price ranges.

 

Fort Collins Home Prices May 2015

Home prices declined in May 2015. Median price dropped to $295K, a drop of 8.1% from $319K in April 2015, while average price fell 14.4% to $312K from $357K in April 2015. It must be noted that these numbers are for sales for May only, and show that buyers were more active in lower and mid price ranges, rather than reflecting any true loss in value.

 

Fort Collins Home Inventory May 2015

We are now reporting inventory and months supply of inventory (MSI) only for those homes that are listed as actively available. Inventory increased 15.7%, to 522 homes on the market in May 2015, from 451 in April 2015, but was down 23.9% from 647 homes in May 2014. Of more concern, the MSI dropped to 1.4 months in May 2015, from 1.7 in April 2015, indicating a very strong seller’s market.

 

Summary:

While sales increased, the real estate market continues to tilt heavily in favor of sellers, with insufficient available inventory to provide market balance. The price declines of May are almost certainly indicative of buyer activity rather than any change in underlying value - in fact, home values in the low-to-mid price ranges are increasing rapidly. And we expect buyer demand to remain strong, as the regional economy is showing steady signs of growth and expansion.

 

If you're curious about what is currently for on the market, take a look at Homes for Sale in Fort Collins. If you see something you would like a closer look at, please let us know - we would be delighted to schedule a showing for you at your convenience.

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 7 commentsDick Greenberg • June 02 2015 02:19PM

Comments

It is a crazy sellers market in our state this year.  Good to be a listing agent, but not so easy to be a buyer's agent.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) about 3 years ago

Hi Dick, same story in most markets. Ditto to Belinda's comment. Here's to more listings. ;) 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) about 3 years ago

Hi Dick -- Fort Collins homes are practically flying off the shelves -- time to restock with some fresh inventory.   

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) about 3 years ago

Dick,

I am laughing Michael Jacobs 's comment.  It is time to restock, and I am wondering what the Fed will do next quarter in view of these types of results.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 3 years ago

Interesting set of data there Dick. I am glad you put your insight into why the numbers fell as it makes much more sense

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) about 3 years ago

Hi Dick, I like reading your Fort Collins CO Real Estate Market Trends report. You do such a good just of extracting that data and making it easy for the consumer to find what they need.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) about 3 years ago

What is plain to see is that you are the master at being surgically precise with your market reports Dick Greenberg. It really does make you the market authority for a large area

Posted by Paul S. Henderson, REALTOR®,CRS,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) about 3 years ago

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