Mary & Dick's Blog

Loveland CO Homes for Sale - November 2017

This is the November 2017 Real Estate Market Report for
Homes for Sale in Loveland CO

 

Sales:

Loveland CO Home Sales October 2017

Counter to expectations, Loveland home sales rose in October 2017, up 6.1% to 192 homes sold from 181 in September 2017, but were down 1.5% from the 195 sold in October 2016. It’s doubtful that this is more than a random variation, and we still expect that sales will be declining over the next several months.

 

 

Prices:

Loveland CO Home Prices October 2017

Loveland home prices rose in October 2017, with median price gaining 12.4% to $390K from $347K in September 2017, and average price gaining 7.3% to $428K from $399K in September 2017. Again, this is most likely a typical month-to-month variation in the prices of homes sold this month. The long-term trend line for Loveland home values continues to move upward.

 

 

Inventory:

LOveland CO Home Inventory October 2017

Inventory did perform as expected in October 2017, with a decline of 5.8% to 392 homes on the market at the end of the month, down from 415 homes for sale at the end of September 2017. The Month’s Supply of Inventory (MSI) fell to 2.0 months due to increased sales, and still shows a strong seller’s market.

 

 

Summary:

The Loveland real estate market has been inconsistent from month to month throughout the year, and October was no exception, with sales and prices rising, instead of the gradual decline we had been expecting. But as can be seen from the graphs above, 2017 is looking like a stronger year than 2016. And the customary winter slowdown will happen, but we wouldn’t be surprised to see good sales activity either - the regional economy remains strong and is generating employment growth that will continue to drive buyer demand. We will remain concerned about the availability of sufficient inventory to satisfy that demand, particularly as we move into next year.

 

If you would like to check out what's currently on the market, take a look at Homes for Sale in Loveland CO. When you see a home you'd like a closer look at, please give us a call - we'd be happy to schedule a showing for you at your convenience. And please don't hesitate to contact us if you have any questions about this market report or other real estate topics.

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 6 commentsDick Greenberg • November 02 2017 07:52PM

Comments

Hi Dick -- I'm laughing(to myself as to not draw notice)as I read "counter to expectations...".   Isn't that the thing about life and real estate --- just when you think you have it "figured out" --- in pops an anamoly.  Or not.  As always you offer an informed local perspective on Loveland and the other Northern Colorado markes you know so well.   

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) 11 months ago

Hello Dick Greenberg great market report for the Loveland area.  And, what a gorgeous photo.  If you hadn't been the host of last month's photo contest, that one could have been declared a winner!

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek Team) 11 months ago

Hi Dick, as always, very informative real estate market update for the Loveland CO area. Beautiful picture, breathtaking blue skies. 

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 11 months ago

It appears as if the Loveland real estate market has a mind of its own. All the more reason to hire Mary and Dick to help navigate the uncertain waters. D 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 11 months ago

Dick and Mary,

A great report on Loveland once again!  There is no doubt in my mind that the two of you are the undernied experts i Loveland.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) 11 months ago

Dick, I don't even care about the graphs, look at that PICTURE!!!! 

Who wouldn't want a piece of that? Call Mary, everyone! Right now! 

Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Local Expert!" 503-755-2905 (John L Scott Market Center) 11 months ago

Participate