Real Estate Market Update Northern Colorado
If you are planning on moving to the Northern Colorado area or investing in real estate in the region, it is important to keep track of updates within the real estate market. The northern region of the state has become quite popular with families as well as individuals who are relocating to enjoy the towns of Loveland, Windsor and Fort Collins. Each area in the northern portion of the state has seen mixed results but a constant flow of sales activity.
In Fort Collins, the median sales price for real estate is at an increase of just over 5% when compared to last year. $375,000 is the average price spent on a home in the area. The housing inventory is a little low for Fort Collins as individuals find the area desirable. Homes are selling quickly which means any interested buyers will need to consider making an offer on any property of interest right away.
Other areas in the northern region are popular among real estate investors from home owners to actual property investors. For the Greeley area, a decrease in sales volume has been seen over the past few months based on residential detached homes but the median sale price for a home has increased when compared to 2015.
For Loveland, the town has seen an increase in sales volume as well as median sales price when compared to last year. Loveland is a quality community with a downtown area, thriving art scene, and dining, shopping and outdoor recreational areas. The town is a hot spot for relocations as individuals as well as families want to call the charming area home. As the town’s popularity increases, it will be more difficult to find a home. Real estate agent assistance will be needed to ensure homes are found as soon as they are placed on the market.
Windsor is another popular town located near Loveland that has become so sought-after in regards to homes that new construction sales have increased greatly. The Village East community of Windsor has seen a major boom in regards to new construction. However, this has caused the median sales price to shift downward for the town. The sales price median is actually down just over 17% when compared to 2015 but is not a big concern when you consider that homes are being built and sold in the area. According to figures from June, Journey Homes sold 39 homes at a median sales price of $285,950 while 54 additional homes sold at a median price of $411,115. The latter being a large increase when compared to the median sales price of homes in June of last year.
Overall, the northern region of Colorado is a hot spot for real estate. Individuals as well as couples and families are looking to call the area home. This trend is only set to continue as the region offers only the best restaurants, nightlife, shopping, outdoor activities and more, aspects that are sought after by individuals looking to move to the state of Colorado.