2020 3rd Quarter- High Plains Village Loveland CO Market Data (Commentary)
Exceptionally low inventory has created a continued strong sellers market in High Plains Village. Despite COVID 19, if a listing is priced properly, it should sell in short order. This includes all product types (condos, townhomes & SFR’s). Low supply equals great demand. A word of caution, however. We have seen several overpriced listings sit longer and ultimately net less because they overpriced the house and eventually chased down the market. Meaning, buyers that once had they eye on a particular listing pay no mind when they know it was overpriced. Also, when the days on market get high enough, buyers tend to think something is wrong with the listing and automatically take it off their list.
Moving forward, the November elections typically creates a bit of a ‘pause’ for many buyers and sellers. Additionally, the 4th quarter historically is perceived as a slower time period for home sales. While this is certainly true with sales volume, the market still has very active buyers and in our view, it would be a huge mistake to wait until spring. This sellers market will not last forever and could soften between now and spring.
I have multiple buyers that want to live in High Plains Village. If you are contemplating a sale, please contact me right away. 970-710-3770. We may be able to help you avoid some of the headaches typically associated with selling (i.e. preparing for showings, open houses, etc). Thank you!
Market Reference Disclaimer:
6 months or less = Sellers Market/ 6-7 months = Neutral Market/ Over 7 months = Buyers Market
Disclaimer- The graphic above and associated commentary is based on the static data (a snapshot in time) and is wholly based on the post authors opinion of the data at the time the post was published. The data below is dynamic. Meaning, it automatically updates as one piece of data changes (not a snapshot in time).
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