Step right up! Come one, come all! You won’t believe your eyes. Come witness the incredible disappearing house!
Ok, it’s not quite a sideshow act, but the incredible disappearing house is a real thing. We’re not talking about houses vanishing into thin air, we’re talking about houses that you may never see again. We’re talking about the $300,000 home.
A little research on the Fort Collins real estate market, the trend setting market in the region, reveals some startling news. The number of homes priced below $300,000 are disappearing at an increasingly alarming rate.
Since 2010, homes priced at or below $300,000 have fallen from 80% to just 50% of the market. What’s more, we’ve measured a massive drop just within the past year, from 65% to 50%, which is not a happy trend. To make matters worse, the homes we’re reporting on include both single family homes, along with condo/townhome inventory. If you remove the attached dwellings from the equation – the percentage is considerably worse.
With homes below $300,000 slowly going the way of the dodo, it always helps to understand where you stand in a market like this. If you believe you have a home on the lower end of the market, you’d be surprised what kind of higher end prices you could receive. Give us a call, text or email to understand what options and opportunities are available to you.
Ascent Real Estate Professionals are committed to bringing you useful information, timely advice and expert service whenever you need it. Whether it’s Fort Collins, Loveland, Windsor, Greeley or anywhere in between, we’ve got Northern Colorado covered. Feel free to contact Ascent or subscribe to our newsletters and market reports. We want to hear from you!