This is the December 2015 Real Estate Market Report for
Affordable Homes for Sale in Greeley CO
If you're working with a limited budget, are a first-time home buyer, or are a renter who wants to enjoy the financial benefits of home ownership, you will want to take a close look at Affordable Homes for Sale in Greeley CO.
You need to be aware, however, that the affordable home market has limited inventory and a lot of interested buyers, so there is always a lot of competition for these homes. Your chances for a successful purchase can be greatly enhanced by having your financing in place and being prepared to make a quick decision when the right home comes along.
There are currently only 42 homes for sale in Greeley priced under $225,000, starting at $62,000 and offering a limited selection of locations, conditions, sizes and styles. There are an additional 85 affordable homes under contract and waiting to close.
Note: If you have been following our reports for a while, you will see that we recently raised the price ceiling on this category from $200,000 to $225,000, because of the effects of low inventory, strong demand and rising prices.
Affordable homes have been selling very strongly in Greeley so far this year – there have been 798 sales, with prices ranging from a low of $60,523 to a high of $225,000, with a median price of $180,500 and an average price of $177,136. Market performance has been also been very good - average days to get an offer for the homes that sold has been 20 days, with an average days on the market of 54. The sale price/list price ratio for these 798 homes was 99.9%, indicative of high buyer demand and a seller's market.
The inventory of affordable homes is always changing, so let us help if you would like to track this segment of the market closely - 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 a home that appears to meet your needs, please give us a call - we’d be happy to schedule a showing appointment for you quickly and at your convenience.
Mary & Dick Greenberg
Data Source: IRES MLS