This is the July 2016 Real Estate Market Update for
Brown Farm Fort Collins CO Homes for Sale
Limited inventory continues to be the main story in Brown Farm. Strong buyer interest and competition for the few available homes over the last several years has generated upward pressure on prices and moved the neighborhood away from its previous status as a popular affordable location.
There have been 23 home sales so far in 2016 in Brown Farm, ranging in price from a low of $250,500 to a high of $362,800, with a median price of $314,000 and an average price of $311,222. Market performance has been excellent, with homes selling almost as soon as they come on the market - average days to get an offer was 8 and average days on the market was 42. The sale price/list price ratio for these 23 homes was 101.8%, indicative of a strong seller's market and high buyer demand.
As a comparison, the median price in Brown Farm two years ago was $230,000 and the average price was $233,458.
There are currently only two homes available for sale in Brown Farm - a 1,296 sq.ft. 3 bedroom tri-level priced at $315,000, and an 1,890 sq.ft. 4 bedroom ranch-style priced at $325,000. There are another 3 homes under contract and waiting to close.
If you would like to track what's happening in this neighborhood, you could check out Brown Farm Homes for Sale regularly. Better yet, we can 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 homes are listed for sale in the neighborhood, so you can react quickly. And when you find a home that interests you, please give us a call - we would be happy to schedule a showing for you quickly and at your convenience.
Mary & Dick Greenberg
Data Source: IRES MLS