Keller Williams Realty - Loveland Colorado

December 2011 Loveland Real Estate market statistics are in. Each month we track the following leading market indicators for Fort Collins, Colorado:

• Under Contract = Number of properties under contract
• Sold = Number of sold properties
• Months Supply of Inventory = The MSI is an estimate of how long it will take for all the homes in a market area to be sold, or absorbed, based on the number of homes currently on the market and the rate that homes have sold in the past. A market is considered balanced when the MSI falls between 5-7 months. Under 5 months is considered a seller’s market and over 7 months is considered a buyer’s market.

December 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 66 102 129 26% Sold 95 95 125 32% Months Supply of Inventory 12.5 8.8 5.4 -39%	December 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 9 20 15 -25% Sold 13 22 14 -36% Months Supply of Inventory 9.8 4.2 4.7 12%
November 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 87 77 84 9% Sold 97 83 89 7% Months Supply of Inventory 10.0 12.8 9.4 -27%	November 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 9 15 13 -13% Sold 13 15 11 -27% Months Supply of Inventory 10.7 7.3 6.1 -16%
October 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 93 126 129 2% Sold 128 126 127 1% Months Supply of Inventory 10.0 8.0 6.5 -19%	October 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 20 15 13 -13% Sold 24 11 13 18% Months Supply of Inventory 4.7 8.1 5.8 -28%

The arts are alive and thriving in Loveland. Artspace Project Inc. recently revealed a sneak peak of their vision for the acre of land they are developing at Railroad Avenue and Third Street. The two-phased Artspace project has a total estimated cost of $10 to $20 million dollars. The first phase would entail construction of a four to five story building with 30 to 35 live-work spaces for artists and their families. Ranging from one to three bedrooms, each live-work space would contain a studio for the artist(s). Designated as affordable housing, their target residents would earn 60% or less of the region’s median income. The second phase of construction would be dedicated to development of a community arts center. For more information about Artspace Loveland visit their website at: www.artspaceloveland.org.

Not too far away from the Artspace project site, the under construction Rialto Theatre Center  now has stairways, concrete floors and walls are going up . Originally named the Rialto Bridge project, the new center will be comprised of the original Rialto Theatre with a bridge connecting to a brand new three-story building that houses a restaurant, theatre space, a community events and conference space and office suites. Click here for more information about the Rialto Theatre Center.

Source: Reporter-Herald, “Loveland Artspace project could have 30-plus residences in 2013″ by Tom Hacker, 11/10/2011.

Loveland residents have one more thing to be thankful for this holiday season: Builder Magazine ranked the Loveland-Fort Collins area as the #2  Healthiest Housing Market in the United States.

According to Moody’s projections used in the rankings, the number of households in the area is projected to grow by 2.7% next year, the largest percent growth for that category on the Top 20 list. Employment and median income are also projected to rise in 2012.

Loveland-Fort Collins Profile
(pulled from Builder Online)

• Health Index: 89.4
• 2010 Population Forecast: 299,630
• 2011 Total Building Permit Forecast: 1,004
• 2012 Total Building Permit Forecast: 1,650

Jobs, price appreciation, population growth and income growth were the primary metrics used in the rankings. The Loveland-Fort Collins area was joined by other Colorado cities in the Top 20 – including Colorado Springs (#7), Denver (#10) and Greeley (#20).

>> Read the complete “Healthiest Housing Markets: Mid-2011 Update” article.

Sources: Builder Online, “Healthiest Housing Markets: Mid-2011 Update” by Boyce Thompson, 9/15/11.

October 2011 Loveland Real Estate market statistics are in. Each month we track the following leading market indicators for Fort Collins, Colorado:

• Under Contract = Number of properties under contract
• Sold = Number of sold properties
• Months Supply of Inventory = The MSI is an estimate of how long it will take for all the homes in a market area to be sold, or absorbed, based on the number of homes currently on the market and the rate that homes have sold in the past. A market is considered balanced when the MSI falls between 5-7 months. Under 5 months is considered a seller’s market and over 7 months is considered a buyer’s market.

October 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 93 126 129 2% Sold 128 126 127 1% Months Supply of Inventory 10.0 8.0 6.5 -19%	October 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 20 15 13 -13% Sold 24 11 13 18% Months Supply of Inventory 4.7 8.1 5.8 -28%
September 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 114 112 113 1% Sold 102 108 118 9% Months Supply of Inventory 8.4 9.5 7.8 -18%	September 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 14 12 13 8% Sold 18 10 13 30% Months Supply of Inventory 7.3 10.8 6.1 -44%
August 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 124 104 145 39% Sold 129 98 142 45% Months Supply of Inventory 8.1 10.7 6.3 -41%	August 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 20 13 13 0% Sold 16 13 14 8% Months Supply of Inventory 5.2 9.8 5.9 -40%