Fewer Listings and More Sales – Fort Collins Market Report February 2012


The numbers for February 2012 versus February 2011, although not spectacular, do suggest continued improvement in the Fort Collins real estate market.  Keeping in mind that Fort Collins was the best real estate market in Colorado for 2011, we continue to see a fairly stable market.  Contributing factors consist of a healthy rental market, high quality of living, and continued relocation to Fort Collins from other parts of the country.

The Numbers: Feb. ’11 vs. Feb. ’12

In short, we are seeing a low supply of homes and an increasing demand from buyers.

  • There were 110 fewer detached residential listings for sale in February 2012 (a 9% decrease)
  • There were 93 fewer attached residential listings for sale in February 2012 (a 33% decrease)
  • 6% increase in the number of detached homes sold
Pinnacle Townhomes Fort Collins

The number of available Condos/Towhomes for sale decreased by 33%

What this means for Buyers

If you are looking to buy real estate in Fort Collins, you will probably notice that well-priced homes are selling quickly.  There is also less to choose from so you may need to be a little bit more patient.  With that said, there are still some great deals around.
Style of a home at the Ponds

Low Inventory+ More Sales: There were 110 fewer detached residential homes on the market in February while the number of sales increased 6%

What this means for Sellers

If you’ve been waiting for the right time to sell, I would encourage you to reach out to a real estate professional and get a realistic idea of what your home may sell for.  You might be surprised by what you find.  An increasing number of homes are selling and I am hearing often from other agents that their buyers are not necessarily finding enough homes to consider.

 

 

* Statistics taken from Colorado Association of Realtors, Area: 9