CAR’s Issues Mobilization Committee commissioned an update to a report titled, The Economic Impact of Real Estate in Colorado, which was first published in 2005. Given the recent economic downturn, one might suppose a dramatic shift in real estate’s impact on Colorado’s economy and our region. However, the data for the Northern Front Range (Boulder, Weld and Larimer counties) has changed little since the first report six years ago.
Our region’s share of real estate related assessed value decreased slightly from 17.29 percent in 2005 to 15.63 percent in 2011. Our share of real estate related employment increased slightly from 15.65 percent in 2005 to 15.87 percent in 2011. And a region that is just slightly over 7 percent of the State’s landmass is still responsible for over 15 percent of Colorado’s real estate related employment and earnings, just as it was in 2005.
However, in 2011 $1.88 billion of earnings in our region were associated with real estate related professionals, down from $2.5 billion in 2005. Even so, the average real estate earnings in our region last year were third in the State at $48,882 behind the Mountain Resort ($53,895) and Metro Denver ($52,388) areas. Finally, in Colorado as a whole 291,000 jobs were attributable to real estate sector in 2005 whereas in 2011 this number dropped to 243,000.
Note: Be sure to stop by the FCBR offices today to pick up your FREE copy of this valuable information.
Clint Skutchan is has been the Executive for FCBR since 2008. Prior to joining the REALTOR® association he ran a Medical Society and was a local talk show host for nearly 10 years
November 2013 Housing Report
A comprehensive Housing Report from the Fort Collins Board of REALTORS®. Residential Market Statistics for single family detached and attached homes plus Townhome/Condo stats provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings. For more information please call 223-2900.
FCBR is focused on enhancing our members’ success via a core service department approach.
Under the Policy Governance model we have implemented a number of tracking mechanisms and reports to provide useable data that provides a greater level of understanding and accountability for our Departments and Administrative services.
The following report is offered to our valued members on behalf FCBR’s Leadership so that ever FCBR member has a better understanding of how your association is performing.
Should you have any comments or questions please feel free to contact any member of FCBR’s Leadership team.
Thank you for your support and participation over this past year!