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.
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.