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.
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 Greenberg
Data Source: IRES MLS