My last Delta foreclosure market report was two months ago, and today I was surprised to see the number of bank owned properties that are available and under contract. The foreclosure segment of the real estate market moves very quickly.
Whether or not the coal mine closures will bring on a new wave of bank owned property has yet to be seen.
This report covers all of the Delta area bank owned properties. It's everything listed in the local MLS in the 81416 zip code...this includes homes in and out of town.
The inventory is way down. At this time there are two active listings. These are new construction homes in south Delta. They have yet to be built. Both are priced at $173,000.- There are five bank owned homes under contract. Listing prices start at $34,900 and go up to $158,000. These homes are a mix of fixer uppers and some nice move in ready opportunities.
- Click on the picture for more local and real estate information.
For the last several years we've seen the number of foreclosed homes drop every year. I think this trend will continue. While there will always be a few of these listings around, we won't be seeing a large number of them.
If you are interested in buying a bank owned house in the Delta area, then you want to use a real estate agent that is experienced in the process. Its a bit different than a 'traditional' sale, and there is more paperwork involved. I have listed and sold bank owned homes for over seven years. I can help you through the buying process.
Here's what one of my buyers had to say:
If I had had this experience of incorrect and incomplete info, ill-defined terms of offers, getting nothing signed and sent back, and total disregard for deadlines, I would have jumped through the phone and killed someone. You are really the ONLY reason it all came together. I have to say, you work REALLY hard for your money.
Call me if you would like more real estate and general information from this area. I look forward to hearing from you.
I've lived on Colorado's Western Slope for over 26 years. I love this area and all it has to offer, and I enjoy sharing what I know about my home. As a REALTOR®, I also love to share my expertise in this area as well. If you need any real estate information for Montrose County, or Delta County, Colorado...please give me a call.
*The picture shows a typical Delta neighborhood. There may or may not be any bank owned/foreclosure properties for sale on this street.
**This information comes from CREN (Colorado Real Estate Network). Not all homes are listed and sold by the broker writing this report. This report is intended to show market trends.
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