Fort Collins Real Estate Daily Market Report
Kristi’s rambling musings about today’s
Fort Collins Real Estate Market
This Fort Collins Real Estate market report includes 11 new listings, 20 price reductions, and 12 solds, 3 Properties that were pending and under contract and fell through came back on the market for sale in Fort Collins, Colorado.
Fort Collins Real Estate: Newsworthy and Notable
KEEPING IT REAL (estate)
Interesting…as I was doing my daily reading on the current real estate conditions…I noticed a picture of a Fort Collins Home in today’s article in the New York Times...here is the article..
The Coloradoan has an article in today’s news about the current conditions of our market..“Fall in home sales continues in Fort Collins area”
I am sort of a nut when it comes to number crunching and real estate market analysis…as a property investor in addition to being a full time REALTOR, it is important for me to be thoroughly educated on the current market conditions…I do tons of homework, watch trends and read between the lines when evaluating real estate markets.
In my opinion…many sellers of real estate in Fort Collins and Northern Colorado are in for a very painful reality check coming up through the rest of 2010 and into 2011. Yeah, most people in my industry are really going to hate that I say this, but it is in everybody’s best interest to be realistic, honest and let homeowners know that buyers are now strongly in control and are willing to sit and wait until prices drop to even more affordable levels. As the rest of the nation had a plummet of 27% in July home sales, Fort Collins experienced a 30% decline…definitely not an average that we want to be leading in. I did see that a home in Old Town just closed sale for $89 per square foot.
The Ross Team works primarily with buyers to locate the best real estate values for both investors and primary owners in Fort Collins on any given day….it can be a bit frustrating sometimes when we run into home sellers that either are not being given correct information about what their home is actually worth or they are unaware of the options available through short sales if they are upside down in their home and do not think they can sell for less. The harsh facts is…yes, there are buyers out there, but if your home is priced to high…it will NOT sell. Properly priced homes and condos will sell in a short period of time.
In Fort Collins, we are currently seeing an average of 20-25 price reductions per day on home sand condos as anxious owners begin to leap frog over each other to the be the most attractively priced home in their neighborhood.
As Certified Distressed Property Experts (CDPE), The Ross Team has worked with hundreds of buyers and sellers over the last 5 years on purchasing foreclosures and short sales and selling short sales. When dealing with distressed property sales, please work with an experienced REALTOR…there are many pitfalls that can be avoided with these types of transactions if you choose wisely who you work with.
As of today there are 27 Bank Owned Homes on the market in Fort Collins, with more coming through the pipeline for listing soon. These Bank Owned Homes range in asking price from $74,900 all the way up to $799,900.
There are currently 89 Short Sales on the Market for sale in Fort Collins ranging in price from $70,000 all the way up to $755,553
SEARCH FORT COLLINS BANK OWNED HOMES
SEARCH FORT COLLINS SHORT SALES
Click here to view Just Listed, Price Reduced and Just Sold Homes Data in Fort Collins, Colorado for
August 24, 2010
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The Ross Team can be reached at 970-492-5155 or email: TheRossTeam@kw.com
We are are available to help you relocate to or within Northern Colorado including Fort Collins, Loveland, Greeley and Boulder, Colorado.
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