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Market Report for University Acres Fort Collins, CO First Quarter 2014

By
Real Estate Broker/Owner with Elevations Real Estate, LLC CRE# 40025063

Market Report for University Acres for First Quarter 2014, Fort Collins, CO

 As Spring seems to have gotten the upper hand now after last weekend’s snow the blossoms are beginning to come out!!  Fort Collins has "blossomed" last month in Real Estate as Buyers and Sellers are both beginning to come out!     

 

 Spring

Located at Prospect Road and Lemay Avenue, University Acres is a 1960’s neighborhood that I just really like (and happen to live in).  There are a lot of brick ranches with basements and most have garages (1 or 2 car) and the lots are a good size. The neighborhood is adjacent to grocery stores, elementary and middle schools. Really the neighborhood is very centrally located within the City.

 Cumulative Comparative Market Analysis

Status

Count

Total Price

High Price

Low Price

Avg Price

Median Price

ADOM/ACDOM

Sold

1

$269,000

$269,000

$269,000

$269,000

$269,000

25/25

Withdrawn

0

 

 

 

 

 

 

Expired

0

 

 

 

 

 

 

Pending

0

 

 

 

 

 

 

Active

1

$475,000

$475,000

$475,000

$475,000

$475,000

97/97

Taking Backup Offers

2

$620,000

$310,000

$310,000

$310,000

$310,000

39/39

ALL

4

$1,364,000

$475,000

$269,000

$341,000

$310,000

50/50

Listings included in this report are selling at an average of 100% of listing price!

 

The lack of Sales due to the lack of “Available” homes shows the desirability of University Acres.   I am not surprised that the two (2) homes taking “Back Up” offers were under contract within two (2) days of coming to the market!  The “Active” home priced at $475,000 has been on the market for almost a year now and I still see this home having some difficulty.  With the continued lack of Inventory in this Neighborhood I look for prices to continue to climb.  Look for a great listing of mine to come on the market shortly in this Neighborhood!  

If you would like information on your Neighborhood please let me know!

 

Please remember that I work by referral.  If you or someone you know has ANY Real Estate questions or is considering Buying or Selling please let me know.  Have a Great week! Mike.

Posted by

Mike Sibbald

970-231-8609

mike@mikesibbald.com

http://www.mikesibbald.com

Comments (3)

Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Mike, glad to see that Spring has Sprung in Fort Collins.  The lack of inventory is a real problem in the Denver metro area as well.  Hopefully we get some more sellers ready to make a move soon.

Apr 21, 2014 06:18 AM
Bruce Swedal
Denver, CO
Denver Real Estate

I enjoy reading about real estate in new areas and you sure know the market here. Buyers and sellers should definitely look to you.

Apr 21, 2014 03:35 PM
Mike Sibbald
Elevations Real Estate, LLC - Fort Collins, CO
Broker/Owner Elevations Real Estate, LLC

Thank you for the comments Belinda and Bruce!  I appreciate it very much.  Have a great day, Mike.

Apr 22, 2014 08:24 AM