This is the January 2017 Real Estate Market Update for
Brown Farm Fort Collins CO Homes for Sale
The lack of available inventory continues to limit real estate activity in Brown Farm. While buyer interest remains high, the lack of homes for sale has led to rising prices, and the neighborhood can no longer fit comfortably into the affordable home category.
Home sales were good in Brown Farm in 2016, with 37 homes sold, ranging in price from a low of $250,500 to a high of $375,500, with a median price of $314,500 and an average price of $318,169. Two years ago, the median price in Brown Farm was $222,500 and the average price was $226,363. Market performance was excellent, with homes selling very quickly - average days to get an offer was 11 and average days on the market was 46. The sale price/list price ratio for these 37 homes was 101.7%, indicating a strong seller's market and high buyer demand.
There is only one home available for sale at the present time in Brown Farm - a 2,533 sq.ft. 5 bedroom ranch priced at $365,000. There are another 4 homes under contract and waiting to close.
If you want to keep an eye open for available homes in the neighborhood, 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 might be a good match for your needs, 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