Greeley, CO

Very interesting times in Greeley real estate.  I like to call it the tale of two cities.  Greeley Real Estate vs UNC Real Estate. 

Although as you can see the Days on market and the Months of Inventory are decreasing in the lower price ranges the story behind the scenes is the amount of those sales that are distressed.  As you can see on my www.realestatesuperheroes.com blog.  51% of the Greeley home sales last year had been Short Sale or REO sales. 

Search Properties and Home Values at

www.realestatesuperheroes.com

www.oldtownhousevalues.com

or call me (970) 231-0890

Interesting stats for buyers in Northern Colorado. This Chart shows the percentage of Sales in the local markets that was Dispressed vs. Non Distress sales. Amazing!

Search Properties and Home Values at

www.realestatesuperheroes.com

www.oldtownhousevalues.com

or call me (970) 231-0890

Study: Weld to lead state in growth pace, an article from TheTribune.com, reports that Weld County's projected population growth for the next 15 years ranks as the 17th fastest in the nation.  The Greeley metro area, which encompasses all of Weld County, is expected to grow more than 60% by 2025.  Greeley is the fastest growing metro area in Colorado, followed by: Denver - 78th nationally, Fort Collins - 106th, Colorado Springs - 122nd and Boulder - 172nd. 
http://www.greeleytribune.com/article/20090604/NEWS/906049994/1001

   As i have been working hard for a few years on a city block in Greeley for redevelopment i am really glad to have Cheeba Hut and UNC right across the street from my assemblage.  We have been working to fill our last available space. If your in Greeley stop by 17th st and 8th ave. 

Search Properties and Home Values at

www.realestatesuperheroes.com

www.oldtownhousevalues.com

or call me (970) 231-0890

Greeley more then other Northern Colorado areas has seen more foreclosure issues. Due largely to the small high end tech job base Greeley has struggled but is also seeing large recovery in the Lower Price bands.

For more infomation about the $8,000.00 tax credit watch the below Video.

Search Properties and Home Values at

www.realestatesuperheroes.com

www.oldtownhousevalues.com

or call me (970) 231-0890

As you probably know April is gone and now we are in May 2009. Almost half way through the year. Here are the real estate statistics for Greeley, Colorado for the month of April 2009. For these statistics the Greeley area is comprised of zipcodes 80634, 80631, 80620. This includes Evans homes as well. There are single family homes and attached houses (apartments, townhouses, duplexes). This data was drawn from IRES the northern Colorado Multiple Listing Service. It does not take into account private sales or sales listed only in the Denver MLS.

April 2009

136 homes sold

130 average days on the market

Average Price: $143,110. Median Price: $122,900

Lowest price sold: $23,500 Highest price sold $625,000

April 2008

152 Homes sold

120 Average Days on the Market

Average price $150,665. Median Price $141,500

Lowest price sold $37,000. Highest price sold $599,900

March 2009

158 homes sold

100 average days on the market

Average price $136,366 Median Price $123,000

Lowest price sold $14,360. Highest price sold $410,000


Current average price of 3 bedroom, 2 bathroom, and 2 car garage homes on the market

Average price: 162,994.

87 average days on the market

Lowest priced home $57,600 of which you can see Here

Highest priced home $525,000 of which you can see Here

In my own opinion the highest one is over priced for what it is.

Current total homes on the market in Greeley/Evans area

741 homes

128 Average days on the market

Lowest priced $22,500 of which you can see here.

Highest priced $7,000,000 of which you can see here.

This $7 million home is going to be our highest priced listing for awhile unless they take it off the market or actually manage to sell it. Don't get me wrong it might be worth $7 million as it's quite the place, but there aren't many buyers out there with $7 million burning in their pockets. But if you happen to be one of those few please call me and I'll be glad to show you this home. The next highest home price in the Greeley/Evans area is $1.8 million.

Thanks for reading about Greeley Colorado Real Estate

Marc Oster
Y and M Real Estate
http://www.weldcountyproperty.com/