Mary & Dick's Blog

Loveland CO Real Estate Market Trends Report for June 2015

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

 

Loveland CO Home Sales - May 2015

Loveland home sales increased strongly in May 2015, with 198 homes sold, up 20.7% from 164 sold in April 2015, and up 8.2% from 183 sold in May 2014. This is a nice result and gets Loveland back on the track of seasonal gains for this time of year.

 

Loveland CO Home Prices - May 2015

Prices, however, declined last month, with the median price dropping 10.7%, to $290K from $321K in April 2015, and average price falling 1.4% to $346K from $351K in April 2015. Keep in mind, though, that these numbers are just for those specific homes that sold in May 2016, and aren’t, by themselves, reflective of changes in value. The trend line continues to show positive gains.

 

 Loveland CO Home Inventory - May 2015

Available inventory remains our biggest cause for concern. We have changed our inventory reporting to track only those homes that are actively still for sale, and that clearly shows a lack of sufficient inventory for market balance. The number of active listings in May 2015 dropped 5.7% to 333 homes from 352 in April, 2015, and the months supply of inventory (MSI) is now at 1.7 months, a sign of a strong seller’s market.

 

Summary:

While sales have increased, as we would expect for these busier spring months, inventory is failing to keep pace. The price decreases in May - which basically report buyer activity, rather than value - are masking strong upward pressure on home prices, as supply isn’t satisfying current buyer demand. And because of strong regional economic growth, that demand isn’t expected to diminish in the near term. The takeaway? Prices are on their way up.

 

If you would like to take a look at the current inventory, check out at Homes for Sale in Loveland CO. If you see something you would like a closer look at, please let us know - we would love 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 4 commentsDick Greenberg • June 04 2015 08:36AM

Comments

Dick,

Happy Friday, and what a great report on the Loveland Market trends.  With prices rising, anyone wishing to buy or sell in Loveland should contact Mary and you for expert advice.  A

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

Dick,

This is a very well thought out marketing report and your sum makes it all clear and believable! You credibility and expertise is exactly why I would refer others to you if looking to buy in Loveland, CO.

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) over 3 years ago

Hi Dick, over 20% increase in home sales is huge for Loveland CO, I suspect it will only get hotter over the summer months. As always, very detailed real estate market update, buyers and sellers in Loveland CO would benefit from your expertise and marketing skills. When ready to buy or sell a home, all they need to to is call Mary and Dick Greenberg.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) over 3 years ago

This is excellent market report for Loveland CO. Graphs paint clear picture of current state of things. Buyers and sellers in Loveland should definitely contact Dick Greenberg for their real estate needs.

Posted by Michele Milic (Realty ONE Group ~ 702.419.5359) over 3 years ago

Participate