Real estate prices keep going up in northern Colorado. In 2016, Boulder saw a peak in October of $921, 500 as a median price. For the year, it was $885,000 for single family home. Greeley had the lowest median price at $250,000 though it was up by 16%. Fort Collins is up 9% to $356,000. Loveland was up 10% to $345,000. Overall, the number of listings were down thus causing much of the uptick in prices.
So, what’s a buyer to do?
Well, they should buy. It doesn’t look like things are going to change all that much in the coming spring and interest rates seem to be holding a bit. I’ve spotted some decent buys in a market where buyers aren’t quite as plentiful as they are in the spring. It’s cold out there!
There’s a lot of new construction getting listed on the MLS plus a great townhome over by Lake Sherwood in Fort Collins and a fabulous home on Mountain Ave. There are homes under $300,000 for first-time home buyers in Loveland that are taking a little longer to sell in the traditionally slower months of January and February. But we still are seeing homes anywhere from 2-10 days on market before it gets listed as under contract, mostly the gorgeous remodels in the ideal locations. That leaves the not-so-gorgeous but well-priced homes that take just a bit longer to get under contract. If a buyer is lucky.
Spring is around the corner and so are a flock of CSU parents, investors and new Colorado residents looking to live in one of the best states in the union. Beat them to the punch. Call and lender and let’s do this!