Residential Home Sales
Date posted: 05/06/2009
Quick Data Links
Chart Directory:
- Median Sale Price of Homes - Estes Park, Fort Collins & Loveland/Berthoud, 2001-2008
- Median Sale Price by Type of Home and Type of Sale, 2004-2008
- Average Residential Home Sale Price - United States, Fort Collins/Wellington, Loveland/Berthoud, 1999-2008
- Number of Homes Sold, 2004-2008
- Median Sales Price - Colorado Northern Front Range, 2008
Information and Real Estate Services (IRES) groups types of real estate based on use and style of the unit. The two groups shown here are Residential and Attached homes. Residential homes are single-family houses and residential acreage properties that do not share a common wall with another unit. Attached homes are properties that have shared walls or other structural components between units (i.e. condominiums, townhouses, or half of a duplex). Unless indicated, all housing data includes both types of homes, residential and attached, and both types of sales, resale and new construction.
Data Source: Information and Real Estate Services, L.L.C., Local Statistics (Select Resources, then Real Estate Statistics)
What these data tell us:
The median sale price of single family homes (residential and attached, new and resale) in Larimer County rose from 2001 through 2006 but declined in Loveland/Berthoud and Estes Park in 2007. Prices rebounded in Estes Park during 2008, but continued to decline in Loveland/Berthoud. After six years of flat or increasing prices, ranging from 0% to 4.6%, the Fort Collins area saw the first year of declines in 2008 (-.9%). A 'median' sale price means that an equal number of homes were sold at a price above the median, as were sold for a price below the median.Between 2001 and 2008, the median sale price for houses in Estes Park increased by 31.7% and the trend has been one of relatively steady growth. However, both Fort Collins and the Loveland/ Berthoud area have not fared as well. The Fort Collins median sale price increased approximately 9% between 2001 and 2008 and growth has been somewhat flat. Loveland/ Berthoud prices increased 17.3% between 2001 and 2008, peaking in 2006 before declining just over 10% in 2008.
Data Source: The Group, Inc.
Note: Data released by The Group, Inc. combines Fort Collins and Wellington, and Loveland and Berthoud.
What these data tell us:
There were differences between the Fort Collins/Wellington and the Loveland/Berthoud areas when split by type of dwelling (residential vs. attached) and type of sale (new vs. resale). From 2004 to 2008, Loveland/Berthoud's median sale price for a new residential unit increased 37.1% to $365,000 compared to the Fort Collins/Wellington area which increased 9.9% to $276,100 over the same period. Please note that combining communities will affect the median sale price for the entire area. For example, increased sales of lower-priced homes in Wellington may have the effect of lowering the median sale price for the Fort Collins/Wellington area.In 2008, the median sale price of existing (resale) residential units in the Fort Collins/Wellington area was $48,600 less than the median price of new residential units, and the median sale price for existing units has decreased 10.7% between 2004 and 2008. The median sale price of existing residential units in the Loveland/Berthoud area increased only $1,000 between 2004 and 2008, and was $164,000 less than the median sale price of new residential units in 2008. The median sale price of new construction in the Loveland/Berthoud area increased more than 37% between 2004 and 2008, the highest percentage of the four categories shown. For more information see Number of Residential & Attached Dwellings Sold.
Data Source:
What these data tell us:
From 1999 through 2008, the average residential home price increased nationally (49.5%) more than it did locally, peaking in 2007. The Loveland/Berthoud area saw prices begin to drop a year earlier (2007) than either the nation or Fort Collins/Wellington, and has seen the smallest amount of gain over the ten-year period. During this period, Loveland/Berthoud and Fort Collins/Wellington areas increased by 36.1% and 43.4%, respectively.Additional Information:
On Compass -
- Bankruptcy and Foreclosure
- Household Types & Age of Residents
- Home Ownership/Affordable Housing
- Housing Occupancy - Ownership/Renting
- Housing Units
- Median Family Income
- Miles of Road
- New Residential Units
- Per Capita Income
- Population Size & Growth
Outside Compass -
- Coloproperty.com Local Real Estate Statistics
- IRES (Information and Real Estate Services) Northern Colorado's Multiple Listing Service
- The Group, Inc. - Market Statistics
Data Tables:
Median Sale Price (in thousands) for Single Family Dwellings
- Estes Park, Fort Collins Area, Loveland/Berthoud, 1999 - 2008
|
Estes Park |
Fort Collins Area |
Loveland/ Berthoud |
|
|
1999 |
* |
$169.9 |
$159.0 |
|
2000 |
$230.0 |
$187.9 |
$163.5 |
|
2001 |
$257.5 |
$205.0 |
$185.0 |
|
2002 |
$264.3 |
$214.5 |
$194.5 |
|
2003 |
$277.0 |
$220.0 |
$200.2 |
|
2004 |
$285.5 |
$220.5 |
$220.6 |
|
2005 |
$290.5 |
$229.9 |
$232.9 |
|
2006 |
$319.9 |
$230.0 |
$239.4 |
|
2007 |
$315.0 |
$235.0 |
$227.6 |
|
2008 |
$339.0 |
$233.0 |
$217.0 |
*Data are not available for these years.
Median Sale Price by Type of Home and Type of Sale
- Fort Collins/Wellington & Loveland/Berthoud, 2000 - 2008
|
Fort Collins/Wellington |
|
Loveland/Berthoud |
|||||||
|
Residential |
Attached Homes |
Residential |
Attached Homes |
||||||
|
NEW |
RESALE |
NEW |
RESALE |
NEW |
RESALE |
NEW |
RESALE |
||
|
2000 |
$260,006 |
$205,000 |
$139,900 |
$127,000 |
$176,028 |
$166,900 |
$162,790 |
$138,000 |
|
|
2001 |
$220,034 |
$215,500 |
$179,705 |
$139,000 |
$231,000 |
$182,280 |
$179,900 |
$139,900 |
|
|
2002 |
$223,853 |
$237,000 |
$161,170 |
$151,000 |
$226,594 |
$189,000 |
$164,760 |
$147,450 |
|
|
2003 |
$242,320 |
$245,000 |
$164,000 |
$149,900 |
$231,733 |
$194,000 |
$168,900 |
$158,000 |
|
|
2004 |
$251,210 |
$254,700 |
$171,010 |
$153,000 |
$266,168 |
$200,000 |
$181,693 |
$152,500 |
|
|
2005 |
$268,353 |
$261,000 |
$178,400 |
$145,000 |
$315,000 |
$205,400 |
$170,642 |
$154,000 |
|
|
2006 |
$233,754 |
$230,000 |
$192,539 |
$145,000 |
$278,900 |
$210,000 |
$160,450 |
$151,900 |
|
|
2007 |
$254,200 |
$230,000 |
$187,500 |
$142,500 |
$295,000 |
$200,000 |
$159,000 |
$152,000 |
|
|
2008 |
$276,100 |
$227,500 |
$179,000 |
$147,000 |
$365,000 |
$201,000 |
$146,894 |
$145,000 |
|
Average Residential Home Sale Price,
- United States, Fort Collins/Wellington, & Loveland/Berthoud, 1999 - 2008
|
United States |
Fort Collins / Wellington |
Loveland / Berthoud |
|
|
1999 |
$195,600 |
$175,036 |
$175,533 |
|
2000 |
$207,000 |
$194,042 |
$193,089 |
|
2001 |
$213,200 |
$213,042 |
$210,327 |
|
2002 |
$228,700 |
$217,314 |
$218,034 |
|
2003 |
$246,300 |
$228,541 |
$222,088 |
|
2004 |
$274,500 |
$230,589 |
$237,886 |
|
2005 |
$297,000 |
$245,240 |
$248,251 |
|
2006 |
$305,900 |
$248,767 |
$255,033 |
|
2007 |
$313,600 |
$253,578 |
$269,318 |
|
2008 |
$292,400 |
$251,081 |
$238,900 |