Today I thought I would post some sales statistics for the 1st quarter of 2009 compared to the 1st quarter of 2008 for the Greeley Colorado area. How I got this data was from our multiple listing service. Which doesn't account for the sales that take place outside of the MLS. The area I used for these statistics are the zipcodes 80631, 80634, 80620. These are the Greeley and Evans Colorado zipcodes. I plan to do a monthly blog on sales statistics, but since we aren't quite at the end of April yet I'll wait a few days for that. I'm also only counting single family homes and attached dwellings. Attached dwellings are townhouses, condos, half duplexes and the like. Here are the sales statistics for the 1st quarter. For those that aren't familiar with real estate speak. Days on the Market means how many days on the market a property is before it is sold. And sold means closed not just until an offer. Median price means exactly half the homes sold are below this price and half the homes sold are above this price.
2009 1st quarter (Jan 1-March 31st 2009)
363 Sales
Average sales price: $133,382
Median Sales price: $124,000
Days on the Market: 97 days
Lowest Sales price: $8500. Highest Sales price: $535,000
2008 1st quarter (Jan. 1-March 31st 2008)
329 Sales
Average sales price: $157,433
Median Sales price: $140,000
Days on the market 108 Days
As you can see there has been an overall decrease in market value within the last year. Alot of this has to do with the foreclosures in some areas. However as you can see more homes have been sold in 2009 then in 2008 in the 1st quarter. This might be due to the lower prices. Keep in mind that this decrease in values aren't city wide. There are some neighborhoods that have decreased much more then others.
In my upcoming monthly statistics I will report the sales statistics including both foreclosure properties, short sale properties, and regular sales properties together, but then I will break them apart also.
Here's another current statistic just for your information.
There are currently 951 properties on the market within the multiple listing service. The lowest priced home is $24,800 and the highest priced home is $7,000,000.
In case you are curious here is the $7,000,000 listing. If you are curious about the lowest priced listing here is the $24,800 listing.
For complete details on everything Greeley Colorado Real Estate visit my website at http://www.greeley-weldcountyhomesforsale.com
Thanks for reading.
Marc Oster
Y&M Real Estate LLC
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