Happy New Year to all of our readers! Here’s the Northern Colorado real estate update for January, 2014.
As we’ve been continuing to report, the real estate market in Northern Colorado, as well as many parts of the country, has maintained its strength, with some great expectations for the first part of 2014.
Real Estate Market Stats
Here’s a quick rundown of the local market stats. In comparison to this time last year, Greeley and Evans are seeing:
- 41% increase in sales volume for the year (much more real estate moving in 2013 than 2012)
- 9% increase in sales prices
- 8% more listings available
Houses are selling at an average of 98% of list price and there is a healthy inventory of 453 homes on the market for sale.
Surrounding areas have similar stats, and we’d be happy to provide you details of your location and even your home specifically.
As last month, these strong market stats are still coupled with good mortgage interest rates, creating a tremendous opportunity for both buyers and sellers. You can find current rates here: http://www.lender411.com/mortgage-rates-by-zipcode/80634/
And while the local market is doing great, it’s comforting to know real estate is showing positive movement across the country, as can be seen here on Forbes’ recent post “Real Estate Revival Continues.” Highlights include:
- “Prices will return to long term modest growth rates that prevailed for decades.”
- “Homes will be for living in and not for flipping”
- “Slow and Steady is vastly superior to Easy Come, Easy Go.”
Considering Selling or Re-Listing Your Home?
For those of you looking to get your house back on the market, this may be a good time to do so. With prices up and buyers resurfacing, selling your home for the value you want will be much more likely now than it has been in the last couple of years. To assist with this, we’ve recently added a new team member, who brings 11 years of listing and staging expertise to the table. We are a very well rounded team and in terrific position to prep and list your home.
We will be delighted to help you have the best real estate experience. Call us at (970) 573-6441 or email at [email protected]
Please also download our free newsletter that provides tips for pet owners who are listing their home, as well as some hot products to buy after New Year! January Newsletter PDF – Ferguson Team at Pro Realty