Fun Facts November 17, 2023

Highly Active

In addition to tracking the average price for sold properties, it is also interesting to track the average price for active properties.

Asking prices are up across all markets when compared to the same time last year.

Here are the average list prices for residential properties along the Front Range:

  • Larimer County = $893,000 (8% higher than last year)
  • Weld County = $702,000 (6% higher than last year)
  • Metro Denver = $847,000 (5% higher than last year)

These asking prices are higher than average sales prices by approximately 30%. This is because there are many high-end properties on the market which take longer to sell and which pull up the average.

Fun Facts August 4, 2023

Larimer Resilience

To see the resilience of the Front Range market, look no further than Larimer County.

The average price for closed single-family homes in the month of July was $724,000.

This is only the third time in history Larimer County has exceeded $700,000 for average price in a month.

July’s average price is a whopping 12% higher than February’s average price which was $646,000.

A 12% difference in just a few months is significant in any market.

What makes this increase especially significant is that interest rates have been above 6.5% the entire time.

Higher rates did not keep prices from going higher.

Fun Facts June 16, 2023

High Active

The average price of all active listings is likely much higher than you think.

For example, the average listing price of the nearly 5000 properties for sale in Metro Denver is nearly $1,000,000.

Here is the average price of all active listings along the Front Range:

Larimer County: $886,000

Weld County: $736,000

Metro Denver: $939,000

Real Estate Market Update April 8, 2022

Active Average

While we frequently research and discuss average prices for properties that sell, it is also interesting to look at the average prices for properties that are active on the market but not sold yet.

These are the average prices, by area, for properties currently listed for sale and not sold yet:

  • Metro Denver = $954,000
  • Larimer County = $878,000
  • Weld County = $880,000

If you are surprised that Weld County is higher than Larimer County, it’s important to note that there are several large acreage properties listed for sale in Weld County which are skewing the average.

These average active prices are all roughly 30% higher compared to a year ago and further emphasize the strong activity in the Front Range market.

Real Estate Market Update April 1, 2022

No Foolin’

This is not an April Fool’s joke.

 

Average prices in Metro Denver just exceeded $700,000 in Metro Denver.  Larimer County isn’t far behind.

 

For the month of March, the average residential sales price in the 5-county Metro Area was $704,000.  This does not include Boulder County.

 

Larimer County was $691,000 and we expect to see an average exceeding $700,000 in the very near future.

 

It’s also interesting to note the average price for properties currently listed for sale and not sold yet.  In Larimer County it is $848,000 and in Metro Denver it is $1,100,000.

 

You might be asking, why have prices appreciated to this level?  Quite simply, supply and demand.

 

The Front Range has a healthy, growing economy plus an incredibly high quality of life.  Meanwhile, standing inventory is low which results in upward pressure on prices.

BlogColorado Real EstateFun FactsMarket News July 30, 2021

Listing Averages

While a lot of attention has been paid to increasing sales prices along the Front Range, it is also interesting to look at the average price of properties currently listed for sale.

Did you know, for instance, that the average list price of all the properties currently for sale in Metro Denver is $887,000. Meanwhile, the average closed sales price is $613,000.

In Larimer County it is $793,000 versus an average closed sales price of $601,000.

In Weld County it is $669,000 versus $488,000.

What is causing this? The high number of high-end properties currently for sale pulling up the average.

You might be surprised to hear the number of $1,000,000-plus listings active listings in our market looks like this:

  • Metro Denver = 527
  • Larimer County = 75
  • Weld County = 44
Fun FactsHousing TrendsMarket NewsNorthern Colorado Real EstateWindermere Real Estate April 16, 2021

Record Highs

While our temperatures felt like record lows this week, real estate prices have been hitting record highs along the Front Range.

Here is the average price for residential sales so far this year in each of our Front Range markets (includes both single-family and multi-family):

Fort Collins = $567,000
Loveland = $449,000
Windsor = $537,000
Greeley = $376,000
Metro Denver = $544,000

These prices are generally up 10% or more compared to last year.

If you are curious to know what your personal property is worth today, even if you aren’t considering moving any time soon, we are happy to do the research for you.  Just let us know!

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Fun FactsWindermere Real Estate December 13, 2019

Vital Signs

Here are the vital signs for the Northern Colorado market.

First, Larimer County:

  • Average prices are up 2.4%
  • Number of transactions is down 2.5%
  • Inventory is up 11.9%
  • Days on market is up 4.1%

Now, Weld County:

  • Average prices are up 4.3%
  • Number of transactions is up 3.6%
  • Inventory is up 12.9%
  • Days on market is flat (same as last year)

What this means is prices are still going up, just not as fast as they were a couple of years ago.  More inventory is coming on the market which is great news for buyers.

BlogFun Facts August 16, 2019

How Much?

So how much real estate is sold in Northern Colorado?

As it turns out, a lot!

Last month alone there were 1,099 single family homes that sold in Larimer and Weld Counties

The average price was $429,144 which means the total sales volume for one month was $471,629,129 (almost a half a billion)!

Over the last 12 months, just over $4.5 billion worth of single-family homes have sold.

That’s a lot of real estate!