This is the October 2015 Real Estate Market Report for
Affordable Homes for sale in Fort Collins CO
First-time homebuyers, those with budget limitations, and renters ready to enjoy the benefits of home ownership - financial and otherwise - will want to check out the current inventory of Affordable Homes for sale in Fort Collins CO.
However, there is currently a great deal of interest in the affordable home market at the present time, with multiple buyers competing for a limited number of properties. A successful search will require constant awareness of opportunities - homes don't stay on the market very long - as well as having financing in place, and a readiness to move quickly when the right home appears.
The available inventory of affordable homes is very low - there are 77 Fort Collins homes on the market priced under $250,000, starting at a low of $69,900, offering a limited selection of styles, locations, sizes and condition. Please note that we have recently raised the ceiling for our definition of affordable homes to $250,000, reflecting the changes in this market over the last 2 years.
Affordable homes in Fort Collins are selling quickly so far this year - 415 homes under $250,000 have sold, from a low of $33,900, with a median price of $225,100, and an average price of $209,590. Market performance has been good - average days to get an offer for the homes that sold was 59 days, with an average days on the market of 93. These 415 homes sold for an average of 99.7% of list price.
Since the demand for these homes is very high, let us help if you want to keep an eye out for a good opportunity - we'll set up an on-going search especially for you, with your own customized web site - you'll be notified as soon as new listings are posted, and you'll be able to react quickly when the right home comes along.