Fort Collins Real Estate News.

RealtyTrac: Foreclosure filings dropped in Q1 - The number of foreclosure filings in Colorado in the first quarter dropped 13.5% from the same period a year ago, and 12% from the fourth quarter of 2010, according to RealtyTrac.  In the most recent state-government report, covering the month of February, the Colorado Division of Housing reported on March 16 that new foreclosure filings were down 34.7% from the same month of 2010, reaching a 30-month low, and were down 26.4% from January 2011.  Read article:
http://www.bizjournals.com/denver/news/2011/04/13/realtytrac-foreclosure-filings.html

  

 

Fannie Offers Closing Cost Help for REOs - To spark more interest in its massive holdings of foreclosed properties, Fannie Mae is offering to cover up to 3.5% of closings for homeowners who can close by June 30.  Fannie sells most its REO properties through HomePath, which also provides financing for second homes and investment properties.  Buyers receiving closing cost assistance must certify that they will be owner occupants.  Read article:
http://www.nationalmortgagenews.com/dailybriefing/2010_323/fannie-offers-deals-1024282-1.html

 

Additional articles that you may find of interest:

 

More local homes sold in March but numbers below 2010 sales
http://www.ncbr.com/article.asp?id=57109

Fort Collins Sales Stats.

Fort Collins Real Estate Market Stastics: March 2011

April 10th, 2011

March 2011 Fort Collins 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.

March 2011 ’08 ’09 ’10 % Change Between ’09-’10 Under Contract 181 277 172 -38% Sold 154 202 165 -18% Months Supply of Inventory 7.5 4.7 7.3 55%	March 2011 ’08 ’09 ’10 % Change Between ’09-’10 Under Contract 67 65 42 -35% Sold 41 45 41 -9% Months Supply of Inventory 5.4 5.7 7.2 26%
February 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 152 178 120 -33% Sold 101 146 110 -25% Months Supply of Inventory 8.2 6.9 9.2 33%	February 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 37 55 34 -38% Sold 30 34 36 6% Months Supply of Inventory 9.1 5.7 8.1 42%
January 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 140 177 112 -37% Sold 119 113 100 -12% Months Supply of Inventory 8.4 6.3 9.2 46%	January 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 31 36 29 -19% Sold 22 18 28 56% Months Supply of Inventory 10.4 7.8 9.0 15%

Thanks for reading our Fort Collins Real Estate Blog!

Thanks for reading our Fort Collins Real Estate Blog!