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Housing prices in Fort Collins were among five markets in Northern Colorado that appreciated in the last year out of 11 that were studied recently by the Colorado State University’s Everitt Real Estate Center.
“Northern Colorado’s housing market is actually in fairly good shape, according to our analysis of housing prices,” said John Gerhard, an analyst at the CSU Center.
Fort Collins housing prices grew 1.5 percent from 2007-08, according to the report. In an 11-year look, homes that would have sold for $100,000 in 1997 would have sold last year at $153,900, the report stated. Only three other markets in Northern Colorado were higher: Boulder, Estes Park and Erie.
Gerhard and Sriram Villupuram, an assistant professor in the Department of Finance and Real Estate, collected data somewhat different than most indices. This report tracked sales prices by individual home sales, not by county or by statistical areas. The report also included all transactions of home sales, giving a truer picture of the markets. Other indices, for example, left out sub-prime loans, and jumbo loans, or homes that sold for
more than $417,000.
Greeley-Evans home prices decreased the most in northern Colorado, 8.2 percent from 2007-08. A home in Greeley that sold in 1997 for $100,000 would have sold in 2008 for $107,900.
Gerhard called the numbers “hyperlocal” meaning that every neighborhood is different. The best neighborhood in Fort Collins appreciated 10.5 percent from 2007-08, just east of Horsetooth Reservoir, and the worst depreciation was 24.9 percent on the southwest side of Horsetooth Reservoir.
“Northern Colorado’s housing market is actually in fairly good shape, according to our analysis of housing prices,” said John Gerhard, an analyst at the CSU Center.
Fort Collins housing prices grew 1.5 percent from 2007-08, according to the report. In an 11-year look, homes that would have sold for $100,000 in 1997 would have sold last year at $153,900, the report stated. Only three other markets in Northern Colorado were higher: Boulder, Estes Park and Erie.
Gerhard and Sriram Villupuram, an assistant professor in the Department of Finance and Real Estate, collected data somewhat different than most indices. This report tracked sales prices by individual home sales, not by county or by statistical areas. The report also included all transactions of home sales, giving a truer picture of the markets. Other indices, for example, left out sub-prime loans, and jumbo loans, or homes that sold for
more than $417,000.
Greeley-Evans home prices decreased the most in northern Colorado, 8.2 percent from 2007-08. A home in Greeley that sold in 1997 for $100,000 would have sold in 2008 for $107,900.
Gerhard called the numbers “hyperlocal” meaning that every neighborhood is different. The best neighborhood in Fort Collins appreciated 10.5 percent from 2007-08, just east of Horsetooth Reservoir, and the worst depreciation was 24.9 percent on the southwest side of Horsetooth Reservoir.
