Home Buying in Fort Collins>Question Details

Louis, Home Buyer in Fort Collins, CO

What percent below asking price are most homes selling for in Fort Collins, CO?

Asked by Louis, Fort Collins, CO Thu May 15, 2008

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Generally speaking, around 2 to 5% for resale homes; however, numerous factors can change that general stat. Different subdivisions, types of home, comparables in the area etc. Home prices on average went down 1% last year; the total number of homes went down around 14%.

If you'd like assistance as a buyer, I would be happy to help. And why not get an experienced broker on your side when it's free to you? The broker you elect to work with should be able to help you in purchasing a home for a good deal.
Web Reference: http://www.dougcard.net
0 votes Thank Flag Link Sat Jan 31, 2009
There's the technical answer that Carrie provided (2-3% less), but we're seeing some full-price offers as well as 7-10% less. Townhome and Condos continue to be hit the hardest. As we know, location is at the top of everyone's mind, but it takes on another meaning with the price of gas. Recently more people are thinking long and hard about buying in the "outlying" areas. Consequently, the listings in these areas will continue to get beat up in the coming months.

Regards, Margo
0 votes Thank Flag Link Fri May 16, 2008
Your question depends upon a number of factors. The most important of which is whether or not the home is priced appropriately per the market for it's current condition and location. Second, specific locations and subdivisions command different price points so you can find out what percent a particular neighborhood is historically selling less than the list price. On average homes in Fort Collins have been selling for 2-3% less than current list price. This does not factor in any price reductions that may have occured through the listing period. Your Realtor should provide you a complete market analysis of comparable sale on any home you are considering and have them also provide a list price to sales price ratio for your review for the area/subdivision. If I can be of any further assistance please call me directly at 970-988-0242.

View ALL Homes for Sale in Northern Colorado at:
0 votes Thank Flag Link Thu May 15, 2008
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