Outside Denver & Colorado Spgs- Colorado Real Estate Mkt Predictions (Pueblo: days on market, 2009)

[ocean2026]

I know there is a thread about Real Estate in Colorado,however they have been way off topic for a long time.

Housing predictor predicts declines in Den, Ft Col, & Boulder of about 5-7% this year.

What about the rest of the state? How are the markets for the smaller towns. Mountains

[sterlinggirl]

The mayor of Rifle has admitted that they're in a 'bubble', and Grand Junction houses are selling for about 6X income. Both are highly dependent on the energy industry which is laying off people by the hundreds.

A 25-50% decline wouldn't surprise me in either market.

[Josseppie]

This was just in the Pueblo Chieftain about Pueblo's market:

"The rate of foreclosures has fallen from its high in 2007.

Another report shows the subprime mortgage mess may have peaked last year in Pueblo, one of the counties hardest hit by the 2003-2007 era of high-risk home loans."

The link: http://www.chieftain.com/articles/2009/02/24/business/local/doc49a37b82af70e591555733.txt

Also, with the expected increase in Fort Carson this year that should positively affect the housing market in the Pueblo area.

[2bindenver]

I keep seeing inventory fall and Days on Market decline. I can't fathom a 25% fall.

Will some house sell for half of what they did in the past? Yes. There are many healthy neighborhoods with low inventory. There are a few hard hit areas. Neither will define a market area.