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Troutman Park Q3 Market Update
Now that we’ve made it through the 3rd Quarter of 2021 it’s time to look back and see how Troutman Park’s Real Estate market has performed compared to other recent years. If you own a home in the Troutman Park area you’ll probably be happy to see the appreciation we’ve noticed.
In Northern Colorado we typically see the market take a little bit of a seasonal breather during the 3rd quarter of the year as families put their home search on pause while getting ready for back to school. This year was no exception but the activity around Troutman Park didn’t drop off as much as we’ve seen in other years.
Here are the numbers compared to the 3rd Quarter of recent years:
2021 Q3 – 21 homes sold for $9,904,802. They ranged from $352,052-$623,000 at an average of $471,657
2020 Q3 – 27 homes sold for $11,109,356. They ranged from $340,200-$480,000 at an average of $411,457
2019 Q3 – 19 homes sold for $7,555,400. They ranged from $300,000-$494,500 at an average of $397,652
2018 Q3 – 17 homes sold for $6,043,650. They ranged from $290,000-$449,500 at an average of $355,508
2017 Q3 – 18 homes sold for $6,290,750. They ranged from $296,000-$429,900 at an average of $349,486
2016 Q3 – 19 homes sold for $6,288,000. They ranged from $260,000-$405,000 at an average of $330,947
If you have questions about Real Estate I’m always happy to share what I know. I grew up here in Fort Collins, I’ve worked in Real Estate since 2002 and live right here in Troutman Park so feel free to reach out if you ever have questions.
Troutman Park Real Estate Market Update Q3 2020
Now that we’ve made it through the 3rd Quarter of 2020 it’s time to look back and see how Troutman Park’s Real Estate market has performed compared to other recent years. Earlier in the year many felt like property values would decline like so many other investments did through all the Covid-19 adjustments. If you own a home in the Troutman Park area you’ll probably be happy to see that we’ve actually fared quite well though.
In Northern Colorado we typically see the market take a little bit of a seasonal breather during the 3rd quarter of the year as families put their home search on pause to get ready for back to school. This year has been a little different though as we saw our neighborhood’s real estate sales accelerate significantly from July through September.
Here are the numbers compared to the 3rd Quarter of recent years:
2020 Q3 – 27 homes sold for $11,109,356. They ranged from $340,200-$480,000 at an average of $411,457
2019 Q3 – 19 homes sold for $7,555,400. They ranged from $300,000-$494,500 at an average of $397,652
2018 Q3 – 17 homes sold for $6,043,650. They ranged from $290,000-$449,500 at an average of $355,508
2017 Q3 – 18 homes sold for $6,290,750. They ranged from $296,000-$429,900 at an average of $349,486
2016 Q3 – 19 homes sold for $6,288,000. They ranged from $260,000-$405,000 at an average of $330,947
It is noteworthy to point out that the 1st two Quarters of 2020 only saw 2 more sales in our neighborhood than the 3rd Quarter!
If you have questions about Real Estate I’m always happy to share what I know. I grew up here in Fort Collins, I’ve worked in Real Estate since 2002 and live right here in Troutman Park so feel free to reach out if you ever have questions.
Troutman Park’s Real Estate Market Update
Let’s take a look at Troutman Park’s single family sales data for the last several years through the 3rd quarter of each year. This includes homes in Willow Park, Four Seasons, Larkborough, Woodlands, Park South & South Glen.
Total sales:
2019 Q1-Q3 – 52 Homes Sold for a total of $20,279,983 Average Price $389,999 Average Days on Market 43
2018 Q1-Q3 – 41 Homes Sold for a total of $14,857,550 Average Price $362,379 Average Days on Market 37
2017 Q1-Q3 – 43 Homes Sold for a total of $14,885,269 Average Price $346,169 Average Days on Market 44
2016 Q1-Q3 – 46 Homes Sold for a total of $14,933,100 Average Price $324,632 Average Days on Market 41
2015 Q1-Q3 – 63 Homes Sold for a total of $18,187,045 Average Price $288,683 Average Days on Market 37
Right now there are 8 homes available for sale in Troutman Park giving us just 1.5 months supply of inventory. Anything less that 6 months supply is considered to be a sellers market while anything over 6 months would favor buyers.
It’s still a sellers market but we’re seeing far fewer competitive situations with homes for sale throughout Fort Collins right now. The situations where there is competition tend to be a lot less intense (fewer offers) than they were a couple years ago.
What all this means is that home sellers will have to be a little more patient these days and buyers have a little more time to think while considering their next move.
If you have questions about your property or your home search feel free to reach out. I’ve been through the vast majority of homes for sale in Troutman Park and I’m always happy to share what I’ve learned.
