Keller Williams Realty - Greeley Colorado

January 2012 Greeley real estate market statistics are in! Each month we track the following leading market indicators for Greeley, 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.

January 2012 ’10 ’11 ’12 % Change Between ’11-’12 Under Contract 204 185 193 4% Sold 168 152 144 -5% Months Supply of Inventory 7.9 9.0 6.5 -28%	January 2012 ’10 ’11 ’12 % Change Between ’11-’12 Under Contract 10 11 7 -36% Sold 14 15 10 -33% Months Supply of Inventory 20.7 14.3 13.9 -3%
December 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 181 223 274 23% Sold 224 256 282 10% Months Supply of Inventory 8.9 7.6 4.4 -42%	December 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 17 21 15 -29% Sold 19 20 11 -45% Months Supply of Inventory 11.8 7.4 6.4 -14%
November 2011 ’09 ’10 ’10 % Change Between ’10-’11 Under Contract 181 171 232 36% Sold 276 171 217 27% Months Supply of Inventory 9.4 10.6 5.8 -45%	November 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 21 16 19 19% Sold 33 15 16 7% Months Supply of Inventory 10.7 10.8 5.9 -45%

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Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677

The Greeley housing market kicked off the new year by making the National Association of Home Builder’s (NAHB) list of improving housing markets. The list, called the First American Improving Markets Index, is released on the fourth business day of each month. It reflects those housing markets that have shown marked improvement in housing permits, employment and home prices for at least six months.

The Greeley/Evans median sales price for detached homes in 2011 came in at $130,000, making the area attractive for its affordable housing. The area also continues to benefit from the activity centered around the Niobrara oil play. Halliburton Co. just recently announced they are is moving into the nearby Windsor area and bringing approximately 500 jobs.

Source: NAHB, “List of Improving Housing Markets Nearly Doubles in January” released 1/9/2012.

Thanks for reading our Greeley Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in

Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677

Quality health care is vital to a thriving community. Greeley residents are ushering in the New Year with news of two major expansions in health care services for the area. First, Kaiser Permanente Colorado is laying groundwork to offer health care services for the first time in Northern Colorado. Over the next three years Kaiser Permanente offices will open in Greeley, Fort Collins and Loveland that offer primary care, pharmacy, laboratory and X-ray services. Hospital care will be provided at McKee Medical Center in Loveland and North Colorado Medical Center in Greeley via an exclusive hospital agreement with Banner Health hospitals and physicians. The expansion is projected to create 100 new jobs in Northern Colorado.

Also making recent headlines is Poudre Valley Health System (PVHS) announcement of plans to build a $14.5 million, 22,000-square-foot emergency room and same-day surgery center in Greeley’s North Gate Village. The facility will house 10 exam rooms, two pediatric exam rooms, a resuscitation room and lab as well as a diagnostic imaging area with X-ray, ultrasound, CT and MRI capabilities. Doors should be ready to open June 2012.

Source: Northern Colorado Business Report, “Kaiser Permanente, Banner Health to partner in Northern Colorado” by Staff, 12/13/2011; “PVHS to build emergency room and surgery center in west Greeley” by Staff, 12/2/2011.

Thanks for reading our Greeley Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677

As if oil and gas headlines hadn’t already saturated headlines in Greeley, a new estimate released by Anadarko Petroleum of larger than anticipated amounts of oil in their Wattenberg field has economists crunching a new set of numbers for the region. According to the Denver Post article “Oil estimate in northern Colorado pumps up job, revenue prospects” by Steve Raabe, the projected increase in Northern Colorado’s front range oil could lead to $50 million or more a year in new severance taxes for state and local governments.

The 350,000-acre Wattenberg field, located in the Denver-Julesburg Basin in northeast Colorado, has a potential output of 55 million barrels a year – almost triple the amount of Colorado’s current oil production. Jobs will not only be created for drilling, but also in industry-related areas such as trucking and pipeline construction. The surge in projections has only strengthened preliminary talks about construction of a new energy business park in south Weld County – along I-85 or the “Energy Corridor.”

Sources: Denver Post, “Oil estimate in northern Colorado pumps up job, revenue prospects” by Steve Raabe, 11/16/11. Northern Colorado Business Report, “Energy park in works in south Weld” by Molly Armbrister, 11/18/11.

Thanks for reading our Greeley Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677

Builder Magazine recently released a list of the Healthiest Housing Markets in the United States and Greeley, Colorado came in at #20! The following metrics from Moody’s Economy.com were used for the rankings: jobs, price appreciation, population growth and income growth. Permits were not used as a metric, however, the magazine included them in each market profile to give readers a basis to compare market size.

Greeley, Co Profile
(pulled from  Builder Online)

• Health Index: 72
• 2010 Population Forecast: 252,825
• 2011 Total Building Permit Forecast: 1,532
• 2012 Total Building Permit Forecast: 2,510

The magazine notes that Greeley home prices never got completely out of control and reset early on in the recession. All projections for new home construction, home prices, jobs, population and income are positive for the area. Greeley continues to top the country for population growth and recent oil and gas activity continue to be a driving force for the local economy.

>> Click here to read the complete “Healthiest Housing Markets: Mid-2011 Update” article on BuilderOnline.com.
Sources: Builder Online, “Healthiest Housing Markets: Mid-2011 Update” by Boyce Thompson, 9/15/11.

Thanks for reading our Greeley Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677

October 2011 Greeley real estate market statistics are in! Each month we track the following leading market indicators for Greeley, 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.

October 2011 ’09 ’10 ’10 % Change Between ’10-’11 Under Contract 320 229 284 24% Sold 276 244 265 9% Months Supply of Inventory 5.3 7.9 5.1 -35%	October 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 20 20 21 5% Sold 20 19 25 32% Months Supply of Inventory 11.8 8.8 5.6 -36%
September 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 266 245 271 11% Sold 287 233 262 12% Months Supply of Inventory 6.8 8.0 5.7 -29%	September 2011 ’09 ’10 ’11 % Change Between ’09-’11 Under Contract 25 18 20 11% Sold 28 14 22 57% Months Supply of Inventory 10.5 10.9 6.4 -41%
August 2011 ’09 ’10 ’10 % Change Between ’10-’11 Under Contract 273 228 258 13% Sold 288 234 252 8% Months Supply of Inventory 6.8 8.7 5.9 -32%	August 2011 ’09 ’10 ’11 % Change Between ’10-’11 Under Contract 31 18 21 17% Sold 33 22 23 5% Months Supply of Inventory 9.5 11.1 6.7 -40%

Thanks for reading our Greeley Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677

Greeley business headlines have been brimming with good news. From the City’s Finance Department came the report that Greeley’s general fund revenue in September grew by 20.7% compared to September 2010. In addition, year-to-date (YTD) revenue is 12.5% higher than budgeted revenue, YTD sales tax revenue is 11.9% above budget expectations, YTD sales-tax collections on building permits are 41.5% above budgeted projections, and YTD lodging tax collections are 43.6% above budget projections.

The Big Cheese
Oil and gas activity isn’t the only big news in town. In November Leprino Foods will open phase one of their $270 million dollar cheese production facility just outside downtown Greeley. 90 of the 100 employees needed for phase one have been hired, however, in 2012 an additional 200 workers will be hired for phase two and for the final third phase another 200 workers will be hired. It is projected that over the next 20 years the Leprino plant will generate $4.8 billion in economic impacts to Weld County and $10.1 billion statewide.

Niobrara Energy Park
In March Weld County Commissioners approved the proposed Niobrara Energy Park, a 640-acre energy park in Weld County. High level plans call for a mix of traditional and new energy production at the park, research and cloud computing data storage. It was recently announced that park founder Harrison Resource Corp. is partnering with CH2M HILL to develop a vision book that turns the high level plans into specific project details. Click on related articles below to learn more about the Niobrara Energy Park and Niobrara Shale Oil Formation.

Related articles:
>> Weld County Roads on Overdrive from Oil & Gas Activity
>> Niobrara Shale Formation good news for Greeley
>> Niobrara Energy Park coming to Weld County

Sources: Northern Colorado Business Report, “Greeley September revenue 20.7 percent higher than year ago” by Staff, 10/20/2011; “Greeley ready to welcome Leprino dairy plant” by Steve Porter, 10/21/2011.

Thanks for reading our Greeley Real Estate Blog!
Posted By: Keller Williams Realty of Northern Colorado – Greeley Real Estate Agents,
specializing in Greeley Real Estate and Northern Colorado Real Estate
View Pictures of Greeley

970.353.6677