This is the October 2019 Real Estate Market Update for Fort Collins CO Affordable Homes for sale
The Fort Collins real estate market currently offers little to affordable home home buyers. The inventory of affordable homes - those priced under $300K - is extremely limited, and competition from other buyers is strong. Success in this market requires close attention to the market and a readiness to act quickly to the right opportunity.
There are only 17 homes costing less than $300,000 for sale in Fort Collins, starting at a low of $95,000. However, 10 of these are in an age-restricted 55+ community and are manufactured homes on long-term lot leases. There are another 11 affordable homes under contract and waiting to close.
A sample of affordable homes currently for sale in Fort Collins can be found in the showcase at the bottom of this page, and the "View All Results" link just below that provides access to detailed listing information, always updated and current, for the complete inventory of these homes.
Affordable home sales in Fort Collins have been constrained by the limited inventory. There have been only 89 sales so far in 2019, ranging in price from a low of $90,000 to a high of $300,000, with a median price of $275,000 and an average price of $248,155. Market performance has been good - average days to get an offer for the homes that sold was 37 days, with an average days on the market of 64. The sale price/list price ratio for these 89 homes was 97.9%.
The inventory of affordable homes varies frequently, so if you would like to follow what's happening with these homes, 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.