Greeley, CO

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/

Today I thought I would post some sales statistics for the 1st quarter of 2009 compared to the 1st quarter of 2008 for the Greeley Colorado area. How I got this data was from our multiple listing service. Which doesn't account for the sales that take place outside of the MLS. The area I used for these statistics are the zipcodes 80631, 80634, 80620. These are the Greeley and Evans Colorado zipcodes. I plan to do a monthly blog on sales statistics, but since we aren't quite at the end of April yet I'll wait a few days for that. I'm also only counting single family homes and attached dwellings. Attached dwellings are townhouses, condos, half duplexes and the like. Here are the sales statistics for the 1st quarter. For those that aren't familiar with real estate speak. Days on the Market means how many days on the market a property is before it is sold. And sold means closed not just until an offer. Median price means exactly half the homes sold are below this price and half the homes sold are above this price.

2009 1st quarter (Jan 1-March 31st 2009)

363 Sales

Average sales price: $133,382

Median Sales price: $124,000

Days on the Market: 97 days

Lowest Sales price: $8500. Highest Sales price: $535,000

2008 1st quarter (Jan. 1-March 31st 2008)

329 Sales

Average sales price: $157,433

Median Sales price: $140,000

Days on the market 108 Days

As you can see there has been an overall decrease in market value within the last year. Alot of this has to do with the foreclosures in some areas. However as you can see more homes have been sold in 2009 then in 2008 in the 1st quarter. This might be due to the lower prices. Keep in mind that this decrease in values aren't city wide. There are some neighborhoods that have decreased much more then others.

In my upcoming monthly statistics I will report the sales statistics including both foreclosure properties, short sale properties, and regular sales properties together, but then I will break them apart also.

Here's another current statistic just for your information.

There are currently 951 properties on the market within the multiple listing service. The lowest priced home is $24,800 and the highest priced home is $7,000,000.

In case you are curious here is the $7,000,000 listing. If you are curious about the lowest priced listing here is the $24,800 listing.

For complete details on everything Greeley Colorado Real Estate visit my website at http://www.greeley-weldcountyhomesforsale.com

Thanks for reading.

Marc Oster
Y&M Real Estate LLC

In May, I felt the Northern Colorado housing market had bottomed and we were poised for growth by the end of the year. It's amazing how fast things change. The resale side of the housing market here in Northern Colorado has slowed a little. The good new is...we are better off then other parts of the country right now.

Well the third quarter is behind us. Most of the market areas are still down in volume. Loveland resale market is still down 4% compared to last year. Fort Collins (13% decrease) made a 1 point improvement to over last month. Windsor has also improved over last month and is down -19% (a 5 point improvement). Greeley is the shinning star with a 4% increase over last year.

Home prices although down, isn't a big concern as it is elsewhere in the nation. We are seeing median home prices anywhere from being down 3 to 4% (Loveland, Greeley, and Windsor) to no change (Ft Collins). The average home price is down 1 to 6% in all areas except for Ft Collins. They have seen the average go up 1%.

New construction continues to lag last year in with all markets areas down 24 to 56%.

Data Source: Information Real Estate Services (IRES), Information deemed reliable but not guaranteed. All numbers are for residential single family sales only and do not include attached home

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

More than the bare necessities: Plush apartments for UNC students planned, an article from The Greeley Tribune, reports that a new set of high-class apartments geared toward students at the University of Northern Colorado is scheduled to be built on a 9-acre site in Evans. The development will be called Bear Village and will be the second upper-end apartment complex catering to UNC students to be built in Evans. The Grove was the first and opened for the Fall 2007 semester. According to Aaron Thompson, of Aperio Property Consultants, the complex will feature 6 apartment buildings totaling 152 units with 464 bedrooms as well as a central community building for the residents. Thompson added he initially hoped to open the property in time for the fall 2010 semester but said a later opening date may be more realistic to make sure the complex is completely ready when students move in.
http://www.greeleytrib.com/article/20080603/NEWS/857307564

The Colorado Foreclosure Hotline will hold a free informational meeting on Monday May 12 at 7 p.m. and will take place at the Greeley Rec Center, 651 10th Ave.

This meeting is for people facing foreclosure and for interested community members. The meeting will include Housing and Urban Development approved counselors available to talk with homeowners about their concerns.