Amid a generally improving real estate market in northern Colorado, the Greeley-Evans area — with lower prices and more vacant lots — will likely see continued growth in 2014 in its residential market, according to forecast research conducted by the Everitt Real Estate Center at Colorado State University.
Overall, research shows a healthy increase in home sales and home sale prices, along with a steady decrease in vacancy, across northern Colorado. Commercial real estate also is showing signs of improvement, with rising prices and a decline in vacancy rates. Eric Holsapple, executive director of the Everitt Real Estate Center, said the center’s study shows that buyers and builders will likely be looking more toward Greeley and Evans as options decrease and prices increase in other communities.
“Greeley is up and coming,” he said Thursday evening while presenting the research findings.
Greeley’s high growth rate also will put the city over 100,000 residents in the next few years, Holsapple said.
