It’s too early to say the Northern Colorado economy has turned a corner, but hopeful signs are starting to sprout.
Net taxable sales in Fort Collins increased 8 percent in October and 7.1 percent in September after several months of moderate growth. Sales tax receipts in Loveland increased by 4.4 percent in October and and 3.9 percent in September.
Jobs in Larimer County
The total number of jobs in Larimer County has risen – slowly, to be sure – for each of the past seven months, according to seasonally adjusted statistics from the Colorado Department of Labor and Employment.
All of these positive signs carry caveats, obviously. The improved retail sales figures are based on comparisons to depressed numbers from a year ago. And the region’s employment base still is well off its 2008 peak.
Fort Collins-Loveland Area Poised to Bounce Back from the Recession
But it’s good to see positive signs after months of struggle. And those signs also suggest that the Fort Collins-Loveland area is better poised to bounce back from the Great Recession than most communities.
There certainly are risks ahead. If the nation slips into a double-dip recession, Northern Colorado will suffer. And because the area is more reliant than most on government employment, government spending cuts will impact both the employment picture and consumer spending.
Northern Colorado Continues To Outpace the Nation in Recovery
All said, Northern Colorado has done a better job of weathering the economic downturn than much of the nation. And several factors – including a vibrant entrepreneurial class and an educated work force – suggest our economy will continue to outpace the nation in a recovery.
With increasing Fort Collins home sales on the horizon, the lowest interest rates ever, now is the best time to move-up, move-down, investment properties in Fort Collins and relocation to Fort Collins.
Fort Collins Homes Sales – Larimer County 2010 vs. 2011
- Average Homes Sale Price: $259,600 in 2010
- in 2011 the average Homes Sales Price: $267,800
- Number of Active Homes Listings 2010: 2971
- Number of Active Homes Listings 2011: 2577
- Number of Homes Sold 2010: 737
- Number of Homes Sold 2011: 685
- Number of New Construction Homes in Fort Collins 2010: 71
- Number of New Construction In 2011: 85
Hot Fort Collins Homes For Sale:
- 5620 Fossil Creek Pkwy #7104 Fort Collins, CO 80525 Price: $112,500
Map of 5620 Fossil Creek Pkwy #7104 Fort Collins, CO 80525
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