Old Town Market Update: March 2018
Spring has sprung!
The housing market is in full bloom as listings are getting under contract within days. Fort Collins, collectively saw 238 sales for the month of March 2018. The highest sales price was $920,000 and the lowest was $195,000, which made the average sales price $422,000. In 2017 there were 271 sales with a high price of $1,512,000 and a low price of $137,000 with an average of $824,000.
For Old Town sales: March 2017 saw 19 sales with a high price of $1,512,000 and a low price of $250,000 and a average of $532,000. This March there were also 19 sales with a high price of $765,000 and a low price of $230,000 which make an average sales price of $503,000.
I’m seeing less inventory at large, this year compared to last, and prices seem to be stabilizing some, not jumping up as fast as they were this time last year. I am also seeing more ‘off-market deal,’ here Realtors are finding Buyer on their own before going to market.