This is the May 2016 Real Estate Market Report for
Loveland CO Condos and Town Homes for Sale
Home buyers searching for a more easily-managed home and wanting to downsize, with an interest in low-maintenance living and access to amenities like a swimming pool, tennis courts, playgrounds or an exercise facility, will find much to consider by taking a look at the current inventory of Condos and Town Homes for Sale in Loveland CO.
Available inventory remains more limited than necessary to meet demand - there are only 19 condos and town homes currently for sale in Loveland, ranging in price from a low of $200,000 to a high of $640,000, most priced between $200K and $300K and providing a small range of choice in size, location, style, and amenities. There are an additional 52 town homes and condos already under contract and waiting to close.
Considering the limited inventory, condos and town homes in Loveland have sold strongly so far this year - there have been 73 sales, ranging in price from a low of $91,000 to a high of $466,000, with a median price of $227,000, and an average price of $239,084. Market performance was also strong - average days to get an offer was 34, and average days on the market was 85. The sale price/list price ratio for these 73 homes was 100.3%, indicating a strong seller's market.
There is frequent change in the availability of condos and town homes, so if you would like to track this market segment, we can help - let us 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 you'd like a closer look at, please give us a call - we'd love to schedule a showing for you at your convenience.
Mary & Dick Greenberg
Data Source: IRES MLS