Greeley, CO

I thought it would be interesting to track the inventory consumption/Absorption Rate of existing homes for Northern Colorado. The best market area has been the Greeley/Evans area at less than 6.0 months of inventory. However they still have a lot of foreclosures and short sales diluting their inventory.

Loveland and Ft Collins are starting to see an up tick in invetory in September. I feel this is due to the seasonal effects starting to take hold.

Bottom line...it's still a great time to buyer property in Northern Colorado.

Rob Proctor, Broker - At Home Realtors, Loveland Colorado http://www.at-home-realtors.com

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