Right now 69% (9 out of 13) of homes on the market in Troutman Park’s neighborhoods are under contract.
Sold in September
430 Guillemont St., Listed at $229,900, Sold for $235,000, 3 beds, 1.5 baths, 1,359 sq. ft. 37 days on the market, under contract in 3 days, $172.92/sq. ft.
3906 Benthaven St., Listed at $240,000, Sold for $240,000 (sellers payed $1,500 in buyers closing costs), 3 beds, 2 baths, 1,707 sq. ft. 81 days on the market, under contract in 6 days, $140.60/sq. ft.
4418 Waterleaf Ct., Listed at $250,000, Sold for $245,000 (sellers paid $500 of buyers closing costs), 3 beds, 2 baths, 1,586 sq. ft. 29 days on the market, under contract in 5 days, $154.48/sq. ft.
819 Bitterbrush Ln., Listed at $250,000, Sold for $255,000, 3 beds, 2 baths, 1,308 sq. ft. 54 days on the market, under contract in 4 days, $194.95/sq. ft.
701 Bear Creek Dr., Listed at $270,000, Sold for $265,000, 4 beds, 2 baths, 2,110 sq. ft. 55 days on the market, under contract in 19 days, $125.59/sq. ft.
Last year in September there were just 2 homes that sold in Troutman Park’s neighborhoods (both of them on Albion). They ranged in price from $197,500-$260,000 for an average of $228,750 and a total volume of $457,500. One of those homes went under contract its first day on the market and the other on its 3rd day.
Compare that to last month’s 5 sales that started at $235,000 and went up to $265,000 with an average price at $248,000 and total volume of $1,240,000. These homes averaged 7.4 days on the market before going under contract.
The difference between last month and September of 2013 is that there is more inventory for buyers to consider in your neighborhood. The demand for real estate around Troutman Park has been quite high for a couple years but with a little better selection now for buyers to choose from there is better balance in the market. The increase in supply is why we’re seeing a little tighter grouping on the price range with homes that are staying on the market just a few days longer.
It’s still a sellers’ market, but this is not the time to get greedy if you’re thinking about putting your home up for sale. We do notice a seasonal slow down as we head into the holidays so you need to be on your A game if it’s time to put your house on the market. There is still healthy interest for homes that are priced reasonably and in good showing condition.
If you need to sell your property right now make sure you’re hitting the market with your best foot forward. Be sure you have a professional photographer take photos after you have had a staging consultation to get the most out of your sale.
Please call me if you need any assistance in Fort Collins. I’d be more than happy to discuss the current market’s activity, show homes from the current inventory and help you with your real estate needs. You can always reach me at 970.215.1573 or email@example.com