Hundreds of Aurora homes selling for under $60K

A quick look at surfaces more than 250 homes in Aurora selling for $60,000 or less. Quite a few of those homes are selling at a 75% discount from their previous sales price.

Per square foot prices trigger a time-travel experience, with numbers straight out of the 1960s and 1970s – under $20 a square foot in some cases.

A number of the homes appear to be in decent, livable condition. Despite that fact, many have been lingering on the market for extended periods.

Is there a price point at which home buyers will completely disregard any potential for appreciation – or even value-retention – and simply focus on the extremely low monthly cost of ownership for low-priced Aurora homes?

Filed under: Real Estate

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