This is the November 2017 Real Estate Market Update for
Loveland CO New Homes for Sale
New home construction activity has been running at high levels in the Loveland area for several years now, and builders are offering a nice inventory of homes to choose from, as well as the opportunity to select from plans from the builder's range of models and lots and build from scratch.
These new homes have provided welcome alternatives for buyers dealing with pervasive low inventory conditions that have persisted in the home resale market. The response from buyers has been positive, as they have found the idea of a new home with the latest concepts in home design and energy efficiency, and the ability to select finishes, fixtures and upgrades a very appealing choice.
If you are interested in checking out the possibilities offered by new home construction, or are just curious the current inventory, take a look at New Homes for Sale in Loveland CO.
There are 156 new homes currently on the market in Loveland CO, ranging from a low of $314,950 to a high of $1,899,000. Of these 156 homes, 42 are finished and ready for occupancy, 80 are under construction, and 34 are yet to be built - the last two of these categories offer the best opportunities for selecting custom finishes, upgrades and features.
Note: The number of available homes is understated in this report - builders seldom include their entire inventory on the Multiple Listing Service.
New homes have been sold strongly in Loveland so far this year – there have been 519 new homes sales, with prices ranging from a low of $233,495 to a high of $1,317,000, with a median price of $383,215, and an average price of $429,335. Average days to get an offer for the homes that sold was 63 days, with an average days on the market of 130. The sale price/list price ratio for these 519 homes was 100.8%.
Note: For new home sales, the sale price may exceed 100% of list price because of buyer upgrades and add-ons, and the days on market may be longer than usual, due to construction time.
There is frequent variation in the inventory of new homes, so if you want to keep watch for new listings, 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 listings are posted. And when you see a home that looks like a good match for your needs, please give us a call – we’d be delighted to schedule a showing for you at your convenience.
Mary & Dick Greenberg
Data Source: IRES MLS