Market Data • April 10, 2022

Average List Prices

by Brandon Bidwell

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.

Market Data • October 30, 2021

Average Home Price Increase

by Brandon Bidwell

It’s true, average prices have increased substantially over the last year.

Would you have guessed that Weld County has seen the largest increase along the Front Range?

The specific numbers are below.

As you look at the numbers, it is important to remember that average prices have increased because of appreciation and because there are more higher-end homes that are selling.

The increased volume of high-end transactions has played a big rule in increasing the average price.

Average Price of a Single-Family Home based on closings so far this month:

Metro Denver = $675,000
Larimer County = $624,000
Weld County = $514,000

Average Prices exactly one year ago:

Metro Denver = $614,000
Larimer County = $549,000
Weld County = $417,000

Market Data • October 6, 2020

Latest NoCO Real Estate Stats

by Brandon Bidwell

We just completed a review of the September numbers in our market.

Here is the one number that is standing out to us – average price.

Prices are way up over last year. Here are the specific average price increases in each of our markets compared to September 2019:

Metro Denver = 13.2%
Larimer County = 16.9%
Weld County = 7.4%

This change in prices has of course generated questions from our clients.

To help our clients answer questions about prices and other real estate topics, we have set up a private online event with our Chief Economist Matthew Gardner.

The event is set for Tuesday from 9:00 to 10:00.

Here is the registration link: https://attendee.gotowebinar.com/register/6400354351666419467

Matthew will be addressing these questions as well as many others:

What effect will the election have on the economy and on real estate?
How long can interest rates stay this low?
Can prices keep appreciating at their current pace?

This online event is for the clients and friends of Windermere. If you would like more information feel free to reach out!

Buyers • Market Data • December 18, 2019

Good News for home buyers in NOCO!

by Brandon Bidwell

Here are some vital signs for the Northern Colorado Real Estate Market. This data will show how statistics now compare to this time last year.

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.

Fort Collins Realtor • Market Data • September 20, 2019

How Much?

by Brandon Bidwell

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!