Fort Collins Real Estate- Foreclosure Activity in Larimer County
January 13, 2012
Since November 1st of 2011 there have been 65 new foreclosure listings in Larimer county. A number of these were vacant lots in Wellington, part of the Park Meadows subdivision. This puts the price range of the active foreclosures all over the board from $50k to $1,500,000. The high end of this range is the Auburn Estates subdivison, currently under short sale agreement. Average days on market is 35 with an average price of $223,270.
Sold comps from this same time frame total 66 properties. So the supply is above even with demand which is to be expected as the number of foreclosure properties has fallen in the last few years and has created a short fall. The values for the solds range from $12,500 to $925,000. The lower end of values includes lot sales in the Park Meadows subdivision in Wellington. Days on market average 87 with an average value of $188,151. The average value is pulled down by the very low sale price of the vacant lots. If you remove the lots the average value comes up to $205,717, more inline with what is expected for the greater Larimer county area.
