Home Sales Up in Loveland and Berthoud

More good news for the local economy. The Northern Colorado Business Report is reporting a double digit increase in single-family home sales for January:

A total of 74 single-family homes were sold in the Loveland-Berthoud area in January, an increase of 29.8 percent over the 57 sold in the same month in 2010, according to data compiled by Loveland-based Information and Real Estate Service.

The median sales price for homes in the area during January was $240,000, up by 23.1 percent over the same month in 2010 when the median price was $195,000. The average days on the market was 130, down from 133 last year.

Home sales in January in Fort Collins were up 2 percent, from 101 in January 2010 to 103 in January 2011. The median sales price increased from $215,000 last year to $246,000 this year, as did the average days on the market, from 119 last year to 139 this year, the IRES report said.

See the full article  Northern Colorado Business Report. What do you think about our local economy? Is it getting better? Share your comments below.