This is the March 2016 Real Estate Market Update for
Affordable Homes for Sale in Greeley CO
First-time homebuyers, those on a tight budget, renters seeking the financial advantages of home ownership, or those just wanting to spend less on a home will all find some good opportunities by browsing the current inventory of Affordable Homes for Sale in Greeley CO.
It should be noted, however, that there is a very limited inventory of affordable homes and many interested buyers, so there will most likely be a lot of competition for these homes. The chances of a successful purchase will be greatly enhanced by in-place financing and a willingness to move quickly when a good opportunity arises.
At the present time, there are only 15 homes for sale in Greeley priced under $225,000, starting at $106,900 and offering a limited choice of locations, conditions, sizes and styles. Another 91 affordable homes are currently under contract and waiting to close.
Affordable homes continue to sell strongly in Greeley so far in 2016 – there have been 97 sales, with prices ranging from a low of $68,000 to a high of $225,000, with a median price of $175,195 and an average price of $174,596. Market performance has been excellent - average days to get an offer for the homes that sold has been 30 days, with an average days on the market of 63. The sale price/list price ratio for these 97 homes was 99.3% of list price, a sign of strong buyer demand and a seller's market.
There is frequent variation in the availability of these affordable homes, so if you would like to watch for a good opportunity, let us help - 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 when you see a home that might meet your needs, please give us a call - we’d love to schedule a showing appointment for you quickly and at your convenience.
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