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Buyer's market?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

We hear alot of noise about this being a buyers market and that you can smell the blood in the water.  Well not so Fast!!

I have several buyers looking for homes or condos under 200K in Fort Collins and Northern Colorado.  At this price point the homes are disappearing faster and faster.  One couples search is becoming quite challenging.  They started their search this week, we found of the properties they picked 4 of 8 went under Contract this week.

Currently our data shows a 3 month inventory under 200k and going down.  This catagory acts much like and probably is a Sellers Market.

We are attributing this to the very favorable interest rates, fairly stable local economy and the $8,000 first time home buyers tax credit.

I will not let them get discouraged, we will find them a Home.

I would be honored to help you find your first home or transition into your next. 

Search For properties in Fort Collins and Northern Colorado 

DeAndrea "Dee Dee" Jones
Samson Properties - Manassas, VA
DMVRealEstateChick

I have found the same thing in VA most homes under 175,000 are terrible unless they have been flipped.  You can spot a few well kept or staged ones but they do not last more than a week or two.  Also I heard on my local news that we can expect a shortage of houses in the 275-350 range new construction because of the shortage of construction loans but that might help the resellers get their homes sold because of less competition. 

Mar 26, 2009 03:00 AM