This is the April 2019 Real Estate Market Update for New Homes for Sale in Fort Collins CO
New home construction has been a real bright spot in the Fort Collins real estate market over the last several years, providing some relief to the on-going inventory shortage in the resale home market. Brand new homes, offering the latest ideas in home design and energy efficiency and the opportunity to select finishes, options and upgrades, have seen an enthusiastic response from area buyers. However, few new homes are being built to address the lack of affordable home opportunities, which remain scarce.
A sample of available new homes can be found at the bottom of this page, and clicking on the "View All Results" link just below that offers access to detailed listing information, always updated and current, for the complete MLS inventory*.
*Note: New home availability is usually understated in the Multiple Listing Service(MLS), since builders typically do not list their entire inventory there.
There are 118 new homes on the market in Fort Collins CO, priced from a low of $317,950 to a high of $1,449,000. Of these 118 homes, 39 are complete and ready for occupancy, 69 are under construction, and 10 have yet to begin construction. The homes that haven't yet been finished offer the best chance to select finishes and features, and perhaps even some minor design modifications. There are another 99 new homes under contract and waiting to close.
New homes have been selling well in Fort Collins CO so far in 2019. There have been 78 sales, ranging in price from a low of $325,000 to a high of $1,150,000, with a median price of $501,575 and an average price of $533,108. Average days to get an offer for the homes that sold was 79 days, with an average days on the market of 120 - somewhat longer than resale homes because of construction time. The sale price/list price ratio for these 78 new homes was 99.2%.
The inventory of new homes is constantly changing, so if you want to watch for new homes to 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 new listings are posted. And when you find a new home that looks like a good fit, please give us a call - we’d be delighted to schedule a showing for you at your convenience.