As a new year begins, it is nice to reflect of the past year and some Real Estate trends and data in Old Town Fort Collins. Old Town saw an increase in all numbers on a year over year average and overall, 2015 was more active in terms of number of sales, average price, median price, and total sales volume as opposed to 2014.
Here are the comparison numbers from 2014 to 2015 in Old Town Fort Collins:
Capstone Collegiate Communities LLC purchases 30 acres in northeast Fort Collins with plans of building student housing. People in the neighborhood have expressed opposition to the project. Click here to read more.
Active inventory remained stagnant from October to November of 2015. There are only 18 listings currently active as compared to the 20 active at the same time last month. Unfortunately, many of these active listings are the same ones that were present in October. Prices have remained fairly stable over the past month with many listings receiving price adjustments as opposed to competing offers.
Here is the breakdown of sold homes in November 2014 vs. 2015
November 2014: 7 total sold with a median price of $352,000
November 2015: 10 total sold with median price of $412,500
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.
Current inventory in Old Town Fort Collins is limited, especially in and around the current median price range of $320,000. There are currently 18 active listings, however, most of these listings are priced substantially above the Old Town median home price, are located in less desirable locations on busy streets, or will need work to make them move in ready.
There are quite a few very nice listings currently active in Old Town, and while they are priced above the median sales price, they are not necessarily overpriced. Quite a few of these homes are in move in ready condition and in very desirable locations, but are listed at a slower period of the year when less buy
Following the holiday season of July 4, there has been a noted decrease in listing activity in Old Town. There were only 14 homes listed in all of July 2015, compared to 26 homes listed in the previous month. In fact, a portion of the current active inventory in Old Town consists of homes and...