This is the August 2015 Real Estate Market Report for
Loveland CO Affordable Homes for Sale
If you're a first time home buyer, a renter who would prefer the financial advantages of home ownership, or if you're working with a limited budget, Affordable Homes for Sale in Loveland CO will be worth taking a close look at.
However, you should be aware that these homes are highly sought after. There is limited availability and a lot of competition, and the market moves very quickly. In order to succeed, you will need to be diligent in your search and prepared to react quickly when the right opportunity arises.
Currently, there are only 14 homes available priced under $250,000 in Loveland, starting from a low of $105,000, providing a very limited range of choice. There are another 38 affordable homes already under contract and waiting to close.
Sales of affordable homes have been very good so far in 2015 – there have been 331 sales, with prices ranging from a low of $82,500 to a high of $250,000, with a median price of $224,000 and an average price of $214,422. Affordable homes are selling quickly - average days to get an offer for the homes that sold has been 20 days, with an average days on the market of 50. For these 331 homes, the sale price/list price ratio was 100.4%, indicating a strong seller's market.
The inventory of affordable homes is constantly varying, so if you would like to keep watch for opportunities, 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 work for you, let us know - we’d be pleased to schedule a showing for you quickly and at your convenience.
Mary & Dick Greenberg
Data Source: IRES MLS