Northern Colorado mixed housing market.
February 2, 2010 Leave a Comment
Mixed market in northern Colorado. Short sales and bank owned property listings are slightly down, but according to predictions, that will soon change in March and April.
We have an actual housing shortage of nice privately owned homes for sale in Greeley, Colorado. The $8,000 first time buyers tax credit, and great interest rates are consuming the homes that are priced right. First time credit buyers can’t really participate in the short sale market, as they don’t have time to close before the program expires. Alot of bank owned properties need work, and the first time home buyers don’t have the tools, knowledge, or time to do the work.
Greeley, Colorado is the most affordable city in northern Colorado with the average sales price being $135,000, Ft. Collins average sales price is approx $225,000 and Loveland, Colorado is coming in at $210,000.
Smart Buyers looking for good value for their money are buying in Greeley and commuting to the front range, just minutes away by Highway 34 and/or interstate 25.