This is the July 2020 Real Estate Market Update for Fort Collins CO New Homes for Sale
For the last several years, the single family resale market has been marked by rising prices and low inventory. Many buyers have looked to new homes as an alternate solution to their needs. A selection of these homes appears in the showcase below, and clicking the "View All Results" link below that offers detailed listing information, always updated and current, for the full MLS inventory* of these homes.
*Note: The actual inventory of these homes is understated in the Multiple Listing Service(MLS), since builders do not usually list their entire inventory there.
There are 121 new homes on the market in Fort Collins CO, ranging in price from a low of $336,450 to a high of $1,599,500. Of these 121homes, 32 are complete and ready for occupancy, 62 are under construction, and 27 are in the permitting process. Those homes that aren't yet finished offer the best opportunities to select finishes and features, and perhaps even some minor design modifications. There are an additional 84 of these homes under contract and waiting to close.
New homes have been selling strongly in Fort Collins CO so far in 2020. There have been 204 sales, priced from a low of $313,900 to a high of $1,429,000, with a median price of $456,963 and an average price of $523,115. Average days to get an offer for the homes that sold was 81 days, with an average days on the market of 152 - somewhat longer than usual for resale homes because of construction time. The sale price/list price ratio for these 204 homes was 100.2%, indicative of high buyer demand and a strong seller's market.
There is constant change in the availability of new homes, so if you want to follow the market for these homes, 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 find a home that looks like a good fit, please give us a call - we’d be happy to schedule a showing for you at your convenience.