Mary & Dick's Blog

Loveland CO Condos and Town Homes - May 2106 Market Report

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.

 

Loveland CO Town Homes & Condos for Sale May 2016

 

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

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 7 commentsDick Greenberg • May 09 2016 09:16AM

Comments

Great post Dick!

I attended the Home Builders Association of Metro Denver meeting last night and from what I heard, this seems to be the trend all through Colorado.  Tom Clark, who is well known throughout the Colorado area and the nation for his economic development knowledge and experience, gave a capitvating overview of where he sees Colorado going in the next few years., in regards to residential and commercial development.  We are going to see housing shortfalls for a few years to come, especially in the $150k to $300k arena.

I totally agree with you that potential condo and townhome buyers should partner up with a local real estate professional to keep track of what properties are avialable or coming up for sale.  As many know, some of the customer accessible "home search" sites can be days behind on listings, leading to the customer to mis out on a property. 

They'd also be remiss not to get pre-qualified, as this would certainly help with securing the property in this extremely fast paced market.

Posted by Matthew Pratt, wants to make your loan process the easiest ever (Ameripro Home Loans) about 2 years ago

Hi Dick, unfortunately, we don't have many townhomes and no condo developments in my area, however, a large developer just purchased land where there will be townhomes. It's great that Loveland CO buyers looking for a towhome/condo have a wide range to choose from, all they have to do is call Dick Greenberg and be represented by one of the best Realtors.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) about 2 years ago

Hi Dick great reporting. You are providing an excellent alternative to the folks who do not need a single family home.

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

Hi Dick -- considering the low inventory, the number of condos/townhomes sold so far in 2016 is pretty impressive.  Prospective buyers and sellers in the Northern Colorado markets you serve need local experts like Mary and you to be successful regardless of market conditions.  

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

Dick, this is an excellent market report for condos and townhomes for sale in Loveland CO! It looks like buyers looking for spacious condos and townhomes with great amenities and location need to act quickly.

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) about 2 years ago

Dick,

I am adding my kudos to the comments here about your stellar posts when it comes to market reports...A

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

Townhomes are the perfect choice for active folks who don't want to be tied down to home maintenance.  I bet these are some great places to call home in Loveland CO.

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

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