Fort Collins Real Estate Market Report for December 2014
Fort Collins had a strong December with a 33% increase in sales over November. Median Sales Price increased $54,250 since January of 2014 and days on market decreased by 14 days over the same time period. Fort Collins has seen HUGE price increases over 2014 as home builders have been building in a frenzy to catch up to market demand.
Year over year, December 2013 saw the sale of 198 homes while December of 2014 saw the sale of 224 homes. An increase of 13%! There are roughly 300 active homes on the market which is an absorption rate of about a month and a half. This indicates an extremely strong sellers market. Home Building is continuing along the front range as supply has still not been able to meet demand. 2015 should see more modest increases of home values as supply increases in the Northern Colorado area.
Do you have questions about the market in Fort Collins or general trends? Are you interested in buying or selling a home in the Fort Collins area? Do you need an agent that will work tirelessly to see that your transaction goes as smooth as possible? If so, contact me today to get started. I am a full-time agent in the Northern Colorado area and am an expert on market trends and negotiating tactics. I will see to it that you get the best price possible and am always available to chat with.