Wednesday, October 31, 2012

Housing News Digest, October 31

Fort Collins home prices jump 7 percent The average sales price of Fort Collins-area homes rose 7 percent compared to August last year, according to Dave Pettigrew of Prudential Rocky Mountain Realtors in Fort Collins, who tracks monthly sales and sales prices. The $255,940 average selling price for homes this year is the highest on record, ahead of the $253,406 at the height of the market in 2007.

  Apartment vacancy rate low, rents high DENVER - It's never been so good for the landlords of apartments in Boulder and Broomfield counties, as the vacancy rate for the area has dropped to historic lows and rents have climbed to new highs. The Apartment Association of Metro Denver and the Colorado Division of Housing released their third-quarter report on rents and vacancy rates Monday.

  Denver metro apartment vacancies fall; rents rise Lauren Brockman, a principal in Allied Realty, which manages and develops rental property in several states, including Colorado, said that from about 2000 to 2011 a combination of factors all but halted apartment construction in the Denver area, including the dot-com bust and the financial crisis. "We were almost static for almost 10 to 11 years," constructing less than 1,000 rental units a year, he said.

  Denver apartment vacancy rate hits 12-year low There hasn't been this low a percentage of apartments available in metro Denver for 12 years, according to a Vacancy and Rent Survey released Monday by the Apartment Association of Metro Denver.

  Northern Colorado real estate rebounds, commercial playing catch-up Residential real estate is rebounding to healthy levels in Larimer and Weld counties but commercial real estate still has a way to go. More than 300 people attended the annual Northern Colorado Real Estate Conference sponsored by CSU’s Everitt Real Estate Center on Wednesday, listening to industry experts assess the past year and predict the future.