Pam & Dave Pettigrew's (fcrealtor) Blog

There are a couple of ways to spin this report on January housing sales: The Bad - the 138 Fort Collins home sales in January make it the poorest sales month in recent memory. In the ten years from 1998 to 2007, January sales averaged 198 homes. Last year we dropped to 158 and experienced another...

Well, we are glad that is over! Local home sales tanked in 2008, a year in which a sales decline was recorded in every single month - with ten of them double digit decreases - and finished with a 13.9% decrease in the number of homes sold compared to the previous year. Combined with the last four...

We don't want to pick on anyplace, particularly when they are down, but we noticed that Merced, California is right at the bottom of the national ranking of 292 Metropolitan Statistical Areas (MSA) tracked by OFHEO for the lowest rate of house price appreciation in the first quarter of 2008 compa...

A review of the headlines over the couple of weeks would leave anyone confused as to the actual current state of the real estate business.   It started with the National Association of Realtors May 23, 2008 report on existing home sales for April. Their headline was "Existing Home Sales Ease Due ...

Before we get into all that negative stuff, let's see what we can find to write that is positive about the current local real estate market - at least for home owners and home sellers. How about home sales in May were up 19% compared to last month.  May was the biggest month of closed sales since...

"Fine Homes" are generally considered to be those homes priced in the top 5% of the market price range. Obviously this fine home definition varies greatly across the country with homes in the $200's qualifying in some areas and homes priced above $1 million in other areas. Last year, in this area...