Mary & Dick's Blog

Loveland CO Affordable Homes - May 2016 Market Report

This is the May 2016 Real Estate Market Report for
Loveland CO Affordable Homes for Sale

 

First time homebuyers, renters weary of rising rents and seeking the financial advantages of home ownership, and those working with budget constraints will all find some interesting options to consider by browsing the current inventory of Affordable Homes for Sale in Loveland CO.

 

However, the affordable home market is very competitive at the present time, and with an excess of active buyers and very limited inventory, homes are moving quickly. Buyers will need to be attentive to opportunities and prepared to react quickly when they appear.

 

LOveland CO Affordable Homes for Sale May 2016

 

There are only 7 homes currently for sale in Loveland priced under $250,000, starting from a low of $104,900, providing a very limited range of choice. We hope to see more homes available for sale in coming months, but the numbers will likely be insufficient to ease the imbalance in this market segment. Another 45 affordable homes are under contract and waiting to close.

 

Sales of affordable homes have been strong so far this year in Loveland – there have been 94 sales, with prices ranging from a low of $112,000 to a high of $250,000, with a median price of $230,750 and an average price of $219,743. Market performance has been strong as well - average days to get an offer for the homes that sold was 21 days, with an average days on the market of 53. The sale price/list price ratio for these 94 homes was 100.4%, a sign of high buyer demand and a strong seller's market.

 

Because there is constant variation in the availability of affordable homes, if you would like to keep watch for good 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 find something worth a close look, please let us know - we'd be happy to schedule a showing for you quickly and at your convenience.

Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

 

Data Source: IRES MLS

Comment balloon 8 commentsDick Greenberg • May 09 2016 08:32AM

Comments

Hi Dick -- the affordable home segment of any real estate market is so important. For first time buyers and for those moving up to more expensive homes or relocating.   It fuels so much of what real estate means to our economy.  

Regardless of price point, in the Northern Colorado markets you and Mary serve -- buyers and sellers alike will be in good hands when they choose to work with you.   

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) over 2 years ago

This is such a popular price point for many first time home buyers who are sick of paying high rents.  I bet they are flying off the MLS as soon as they hit.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) over 2 years ago

Dick,

Looks like the affordable home inventory is tiny, and those who are looking for superb guidance should contact Mary and you for expert guidance.  Wishing you a great Thursday.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) over 2 years ago

Ah, the increasing elusive affordable home...

Hope buyers recognize the need to contact the local experts, Mary and Dick. Have a great Thursday. D 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) over 2 years ago

Hi Dick, a well done Loveland CO Affordable Homes market report. Here is a good reason to become a home owner.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 2 years ago

Dick, Low inventory of homes with high buyer demand seems to be impacting many markets across the nation. Such market conditions are all the more reason buyers want to hire Mary and Dick Greenberg ... to ensure their success in making their home purchase as well as listing and Loveland CO home for sale.

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) over 2 years ago

I could sure use some affordable listings Dick Greenberg. I sure need to update my market reports. Have a good Friday

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) over 2 years ago

Good Morning Dick - affordable homes are certainly a challenge in your sellers market.  Now is the time for sellers to trade up.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) over 2 years ago

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