This is the July 2020 Real Estate Market Update for Fort Collins CO Affordable Homes for sale
Affordable home buyers will need diligence and patience to navigate the Fort Collins real estate market. The inventory of affordable homes - those priced under $300K - remains limited. And as prices continue to rise and competition remains strong, success will require close attention to the market and a willingness to act quickly when the right opportunity arises.
There are only 8 homes priced under $300,000 on the market in Fort Collins, starting at a low of $165,000, 5 of which are in an age-restricted 55+ community and are manufactured homes on long-term lot leases. There are an additional 8 affordable homes under contract and waiting to close.
The showcase at the bottom of this page offers a selection of available affordable homes in Fort Collins, and clicking the "View All Results" link below that will provide detailed listing information, always updated and current, for the full inventory of these homes.
Limited available inventory has kept sales of affordable homes at low levels for several years now, and 2020 is no exception. There have been only 41 affordable homes sold, priced from a low of $70,000 to a high of $300,000, with a median price of $255,000 and an average price of $232,481. Market performance has been fair - average days to get an offer for the homes that sold was 72 days, with an average days on the market of 99. The sale price/list price ratio for these 41 homes was 96.5%.
The inventory of affordable homes is constantly changing, so if you would like know when new listings become available, 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 like a good fit, please give us a call – we'd be happy to schedule a showing for you quickly and at your convenience.