This is the October 2015 Real Estate Market Report for
New Homes for Sale in Fort Collins CO
Homebuyers who prefer a brand new home - incorporating the latest in modern design and energy efficiency, with the opportunity to select their finishes, features and appliances that match their tastes - will be very pleased with the substantial current inventory of New Homes for Sale in Fort Collins CO.
There is a lot of new home building going on in the Fort Collins real estate market at the present time, so inventory is plentiful - there are 189 new homes on the market, priced from a low of $276,800 to a high of $1,295,000, providing a good range f choice in location, size, style, features and price. Of those 189 homes, 51 are finished and ready for occupancy, 115 are under construction, and 23 are yet to be built. The last two categories provide the best opportunity to choose finishes and features, and perhaps some minor design modifications.
Note: the inventory above is somewhat understated, since builders usually do not list their entire inventory in the Multiple Listing Service (MLS).
New homes have been selling strongly so far this year – 301 new homes have sold, priced from a low of $179,000 to a high of $2,475,000, with a median price of $367,742 and an average price of $409,976. Average days to get an offer for the homes that sold has been 75 days, with an average days on the market of 143 - somewhat longer than for resale homes because of construction time. These 301 new homes sold for an average of 100.6% of list price - please note that in new home sales, the sale price will often be above list price because of added upgrades and extras.
The inventory of new homes fluctuates constantly, so if you would like to keep watch on this market segment, we can help - let us 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 when a home comes up that interests you, please give us a call - we’d be happy to schedule a showing for you at your convenience.
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