This is the July 2017 Real Estate Market Update for
Greeley CO Zip Code 80634
The Greeley CO 80634 zip code includes the western areas of the city, north and south of US 34. It has a mix of older and newer neighborhoods, new subdivisions, and extensive retail and commercial development. Most of Greeley's recent growth and new home construction has occurred in this zip code area.
Inventory is running at levels less than sufficient to meet current demand. There are only 78 homes on the market in the 80634 zip code, priced from a low of $260,000 to a high of $979,000, offering a nice choice of locations, sizes, styles and features. There are an additional 180 homes under contract and waiting to close. Without additional inventory entering the market, the imbalance between supply and demand can be expected to continue to push home prices upward.
Even with a shortage of homes for sale, homes have been sold strongly in the 80634 zip code area so far in 2017 - there have been 480 sales, priced from a low of $140,000 to a high of $878,500, with a median price of $295,000 and an average price of $319,813. Market performance has been very good, with an average days to offer of 25 and an average days on the market of 59. The sale price/list price ratio for these 480 homes was 99.9%, a clear indication of high buyer demand and a strong seller's market.
If you want to check out the current inventory, browse Homes for Sale in Greeley CO Zip Code 80634. When you find a home you like, give us a call - we'd be pleased to schedule a showing for you at your convenience.
Mary & Dick Greenberg
Data Source: IRES MLS