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Bev West, Broker/Owner

West Realty/Metro Brokers
Greeley, CO 80634
970-631-7111
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My Blog

How's the Market in CO?

What We Notice in Answering "How's the Market in CO?"

How's the Market in CO?

Here are some observations we have about the market right now:

  • Inventory is up, price reductions are up, the length of time to sell a home is up.
  • The Buyer asking the Seller to pay concessions are more prevalent
  • Sellers are more willing to accept contingent offers (especially in higher price ranges)
  • If a home doesn't sell within a week, it often becomes stigmatized by the market and potential buyers assume there must be something wrong with it.
  • Homes that likely would have sold within hours a year ago, are now sitting on the market
  • Condition is super important as buyers become even more picky. 
  • Pricing a property correctly on day one is paramount
  • Sellers who over-price their property are finding themselves chasing the market. 

So how many Americans own their own home vs paying rent?  The most recent Census showed 64.2%. This number is showing stability after many years of change. In 1996, home ownership started increasing.  In 2005 it reached as high as 69.5%.  In 2008, the rate started declining back to the pre-1996 levels of 64%.

So today it's back to what seems to be "normal" based on the long-term average.

If you are looking to Buy or Sell, call me at 970-631-7111.  

 

Just Listed - 801 Woodland Way, Ft. Collins CO 80526

MLS #889088 $369,000 801 Woodland Way, Ft. Collins

Established neighborhood, no backyard neighbors, NO HOA, large RV/Boat concrete parking and/or large dog run w/double gates & convenient extra gate to large fenced backyard, newly painted exterior, wood windows,spacious eat-in kitchen, pantry, kitchen island, 2 patio doors provide easy access from kitchen & family room to yard & storage shed w/shelving, upgraded bath w/higher vanity & pewter hdwe, A/C & humidifier. Front Range CC/Troutman Park within walking distance & other amenities close by. 

For more information or to schedule a showing go to www.801woodlandwayfortcollinsco80526.com

Greeley-Weld HABITAT FOR HUMANITY – Why they build

Greeley-Weld Habitat for Humanity

Working in partnership with this great organization is exciting and will be a rewarding experience in the close future. Good things to come.

• 1 in 5 children in the US live in a family who resides in extremely poor conditions. In my years of experience in real estate, I have witnessed this more than once.
• 71% of families with extremely low incomes are spending more than 50% of their income on rent and utilities
• Due to the shortage of affordable housing, families are having to choose between rent over food, health care and basic necessities.
• $49.03/hour or $102,000 annually is the average income needed to buy a home in CO
• $49,780 annually or $23.93/hour is the wage required to afford fair market rent for a 2-bedroom apartment in Colorado ($1245). 
• The median home price in Greeley/Evans has risen 131% since 2011 from $130,000 to $304,900. Home ownership is becoming unattainable for many families and especially for modest-income households.

Greeley-Weld Habitat for Humanity has built 139 homes since 1987.

At the annual breakfast, Dick Monfort, owner and CEO of the Colorado Rockies talked about his passion for this organization. The event reminded me how appreciative I am for our home and to never take anything for granted that it will always be there.
#westrealty #HabitatForHumanity #affordablehousing #BreakingNewGround#MillikenHousingAuthority

Rental Home Needed!

HOUSE RENTAL NEEDED BY FRIDAY! Desperately looking for a rental home in Ft. Collins for my buyers whose contract fell through today due to low appraisal. They were scheduled to close on Friday. Looking for short term, preferably 4 bed but ok with 3. Great family-she will be a nursing instructor at Aims college starting in 3 weeks and he is a retired AZ Sheriff. Two teenage sons that are very active in sports. There moving truck is loaded.

Bev West, Broker/Owner
3835 W. 10th St. #200C
Greeley, CO 80634
Phone: 970-631-7111
Email: bev@bevwestingreeley.com

See What My Clients Have To Say...

Selling our home was emotional and stressful. Bev made the entire process much easier! Her marketing expertise was amazing! We thoroughly appreciated her communication -- she touched base with us almost daily. She helped stage our home, created terrific marketing videos, flyers, website, and more. We could not have asked for a more professional realtor. Thanks, Bev! Jaydine R.
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CNHS - Certified New Home SpecialistEqual Housing OpportunityGRI - Graduate, REALTOR® InstituteMLS membershipRCC - Residential Construction CertificationREALTOR® certificationWCR - Womans Council of RealtorsIdentity Theft Prevention Officer

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