This is the June 2020 Real Estate Market Update for New Homes for Sale in Greeley CO
New home construction has offered home buyers a useful alternative to the low inventory conditions in the resale home market, in all price ranges with the exception of the affordable category. The showcase at the bottom of this page offers a selection of new homes for sale in the Greeley CO area, and the "View All Results" link below that provides detailed listing information, updated and always current, for the full MLS inventory of these homes.
There are 243 new homes for sale in the Greeley area, priced from a low of $250,000 to a high of $2,230,000. Of these 243 homes, 87 are complete and ready for occupancy, 123 are under construction, and 33 are yet to be built. The last two of these categories offer the best chances for selecting options and upgrades. There are another 265 new homes under contract and waiting to close.
New homes have been selling strongly in the Greeley area so far this year. There have been 464 sales, ranging in price from a low of $259,900 to a high of $880,996, with a median price of $382,115, and an average price of $404,615. Market performance has been good - the average days to get an offer for the homes that sold was 60 days, with an average days on the market of 107. The sale price/list price ratio for these 464 homes was 100.2% of listing price.
Note: For sales of new homes, sale prices may exceed list price because options and upgrades are added to the base list price. Similarly, new homes will take longer to close than resale homes because of construction time.
The inventory of new homes varies constantly, so if you would like to keep an eye on this segment of the market, 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 home that you'd like a closer look at, please give us a call – we would love to schedule a showing for you at your convenience.