This is the September 2017 Real Estate Market Report for
Affordable Homes for Sale in Greeley CO
First-time home buyers, renters seeking the financial advantages of home ownership, those with limited budgets, investors looking for a property to flip or hold, or those just seeking a bargain will find some interesting opportunities by checking out Affordable Homes for Sale in Greeley CO.
Not long ago, Greeley had an ample supply of these homes, but inventory has greatly diminished in recent times. Now, there is heavy competition for the limited number of these homes currently on the market, and they are selling quickly. Multiple offers and homes selling for more than asking price are common occurrences. Having financing in place and an ability to act decisively are going to be key elements of success for those who are serious.
There are only 19 homes priced under $250,000 for sale at the present in Greeley, starting at $42,000, offering a small but interesting selection of locations, conditions, sizes and styles. There are an additional 55 affordable homes currently under contract and waiting to close.
Even with the shortage of affordable homes in Greeley, sales have been good so far this year – there have been 345 sales, with prices ranging from a low of $42,700 to a high of $250,000, with a median price of $217,000 and an average price of $204,087. Market performance continues to be excellent, as would be expected - average days to get an offer for the homes that sold was 15 days, with an average days on the market of 41. The sale price/list price ratio for these 345 homes was 100.7%, a sign of high buyer demand and a strong seller's market.
There is constant change in the inventory of affordable homes, so if you would like to keep watch for new listings, 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 find something with interesting possibilities, please give us a call - we’d be happy to schedule a showing appointment for you, quickly and at your convenience.