This is the April 2019 Real Estate Market Update for Affordable Homes for sale in Fort Collins CO
The affordable home real estate market in Fort Collins continues to present difficulties for home buyers as we move into 2019. The availability of affordable homes - those priced under $300K - remains insufficient to satisfy strong buyer demand, and competition from other buyers is driving prices upward. Successful buyers must watch the market closely and be ready and willing to act quickly.
There are only 18 homes costing less than $300,000 for sale in Fort Collins, starting at a low of $121,000. 14 of these are manufactured, mobile or modular. There are another 7 affordable homes under contract and waiting to close.
A sample of affordable homes currently for sale is displayed in the showcase at the bottom of this page, and clicking on the "View All Results" link just below that will provide detailed listing information, always updated, for the full inventory of Fort Collins affordable homes.
Sales of affordable homes in Fort Collins have been constrained by the shortage of available inventory. There have been 28 sold so far in 2019, ranging in price from a low of $90,000 to a high of $300,000, with a median price of $273,500 and an average price of $247,817. Market performance has been good - average days to get an offer for the homes that sold was 27 days, with an average days on the market of 50. The sale price/list price ratio for these 37 homes was 97.4%.
The inventory of affordable homes is always changing, so if you would like to watch for new opportunities, 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 a new listing is posted, and you'll be able to react quickly. When you find a home that looks interesting, please give us a call – we'd love to schedule a showing for you quickly and at your convenience.