Greeley CO Real Estate Market Update - January 2017

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

This is the January 2017 Real Estate Market Update for Greeley CO

 

Sales:

Greeley CO Home Sales December 2016

In spite of the season, home buyers remained active in Greeley during December 2016. Home sales rose for the 4th month in a row, up 10.0% to 143 sales from 130 sales in November 2016, and up 8.3% from 132 sales in December 2015. For the entire year, Greeley’s 1,765 sales were off 1.6% from the 1,784 sales in 2015, but up 7.9% from the 1,627 sales in 2014.

 

 

Prices:

Greeley CO Home Prices December 2016

Home prices fell slightly in December 2016 - the median sales price fell 1.5% to $267K from $271K in November 2016, and the average price fell 4.6% to $281K from $294K in November 2016. These prices cover only the homes that actually sold during the month, and may have little significance, but the long term trend line continues to suggest increasing home values for the market.

 

 

Inventory:

Greeley CO Home Inventory December 2016

Inventory is far below what is needed for optimum market balance, with only 103 homes for sale at the end of the December 2016, a decline of 25.2% from 129 in November 2016, and a new 3-year low. The Months Supply of Inventory (MSI) dropped to 0.7 months, indicative of a very strong seller’s market and high demand.

 

 

Summary:

While we expect this time of year to be slower for real estate activity, the on-going imbalance between available inventory and buyer demand suggests that the market will continue to experience rising home prices as activity increases in the spring. More inventory is badly needed, and the best prospects for seeing that will have to come from existing home owners responding to higher prices by offering their homes for sale and entering the market themselves as “move-up” buyers. Demand is not expected to fall, since regional job growth is predicted to remain strong.

 

 

If you would like to check out the current inventory, browse Homes for Sale in Greeley CO. When you see a home that appears to be a good match for your needs, please give us a call - we would be happy to schedule a showing for you at your convenience.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

 

Data Source: IRES MLS

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Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena CA Real Estate 818.516.4393 Cell

Hi Dick --  .7 months of inventory!  Yikes....here's to homeowners who have been thinking of selling contacting you for your expert take on the Greeley CO real estate market.   And the sooner, the better.   

Jan 11, 2017 09:34 AM #1
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Dick,

It is definitely a seller's market with that inventory number.  Sellers who are thinking of selling should contact the two for expert guidance in selling their home.  A

Jan 11, 2017 09:57 AM #2
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Chris Ann Cleland
Long and Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Sellers in Greeley, CO need to take advantage of the lack of inventory and increasing prices and get on the market.

Jan 11, 2017 10:43 AM #3
Rainmaker
412,001
Nick & Trudy Vandekar
Long & Foster Real Estate Inc - Devon, PA
Realtors - Selling the Main Line, PA Lic AB067198

What an excellent lead photo, it is so crisp and bright. Your market seems to be experiencing what we hear from all over the country, lack of inventory and an active group of buyers. At our office meeting the number of agents who said they were out with clients in our most recent snow storm and all they kept doing was bumping into other buiyers out looking.

Jan 11, 2017 02:33 PM #4
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Evening Dick - this is definately the time for sellers to sell.  Very low inventory.

Jan 11, 2017 07:44 PM #5
Rainmaker
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Alesha A. Wilson
525 Realty Group - Edmond, OK
Real Estate Agent w/ 525 Realty Group, Edmond, OK

Howdy Dick Greenberg.  You've been busy with data!  Love it ~ and I'm sure those in Greeley will appreciate the information and the format (:  Thank you for sharing

Jan 11, 2017 08:14 PM #6
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