Mary & Dick's Blog

Loveland CO Affordable Homes for Sale - November 2017

This is the November 2017 Real Estate Market Update for
Loveland CO Affordable Homes for Sale

 

Affordable homes have always been attractive to first-time home buyers and those with budget constraints, to tenants looking for a more financially advantageous alternative to paying rent, and to investors looking for a rental property or a fix and flip project. But in recent years, high demand for these properties coupled with a shortage of inventory has led to steep price increases. Today, the affordable home market is characterized by strong competition from other interested buyers and multiple offer situations are very common. Buyers seeking these homes are advised to keep very close watch on the market, have their financing in place, and be prepared to act quickly when a good opportunity appears.

 

If you fall into one of the above categories, or are just curious, you may find some good options by taking a look at the current inventory of Affordable Homes for Sale in Loveland CO.

 

There are only 9 homes priced under $275,000 - our price ceiling for the category - on the market at the present time in Loveland CO, starting from a low of $135,000. There are an additional 31 affordable homes under contract and waiting to close.

Note: We recently raised the price ceiling on this category, from $250,000 to $275,000, in response to low inventory, strong demand and rising prices. Market conditions over the past couple of years suggest that the imbalance in this market segment is  not likely to ease anytime soon. This is not good news for affordable home buyers, and while raising the ceiling on price does reflect the current reality on the supply side, it doesn't mean that these homes are actually more affordable.

 

Because of the lack of availability, affordable home sales have been limited in Loveland so far this year – there have been 207 sold - far less than necessary to satisfy demand, with prices ranging from a low of $49,500 to a high of $275,000, with a median price of $257,000 and an average price of $241,131. Market performance has been very good - average days to get an offer for the homes that sold was 15 days, with an average days on the market of 51. The sale price/list price ratio for these 207 homes was 100.0%, indicative of high buyer demand and a strong seller's market.

 

There is constant change in the availability of affordable homes, so if you want to keep a keep an eye out for new listings to come on the market, 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 a home you want a closer look at, please let us know - we'd love to schedule a showing for you quickly and 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 8 commentsDick Greenberg • November 09 2017 06:33PM

Comments

Hi Dick... of course, I had to check in a see what your affordable homes "lool like." Ours would be a bit lower in price and these days very difficult to find.

Posted by Nina Hollander, Your Charlotte/Waxhaw/Fort Mill Area Realtor (RE/MAX Executive | Charlotte, NC) about 1 month ago

Good morning Dick, that "affordable" threshold has gone up within the past couple of years. It's not easy to find homes that are priced in that price range. You are a true asset to all Loveland CO home buyers and sellers.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) about 1 month ago

Good afternoon Dick - this affordable bar keeps raising.  Buyers in this range need to stay close to the market.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 1 month ago

Dick,

The afffordable bar keeps going up and up.  Love the porch in your photo, it reminds me of our recent trip to North Carolina.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding and Marketing (Napa Consultants) about 1 month ago

We have also revised the term "affordability." Pretty much anything under $300,000 is rife with investors and first time home-buyers. 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) about 1 month ago

Lovely Loveland!!! Though inventory may be low, it's still worth the wait and Dick Greenberg is the perfect Agent to consult with for all your Real Estate needs. 

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 month ago

Dick indeed "the affordable homes" have been squeezing out a great many buyers, because the threshold is getting higher and higher...

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 29 days ago

Hi Dick -- as usual, you offer an excellent look at an often elusive price point.  Regardless of the type of property or its price range, I can think of no better source for a real estate solution in Loveland and Northern Colorado than you and Mary Greenberg 

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) 29 days ago

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