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Estes Park Real Estate Statistics September 2014

I’ve been waiting for September 2014 to come to pass for a long time now so I could compare how the flood of September 2013 impacted our local real estate market. The interesting thing is the number of sales in September 2013 was actually higher than what we saw this year. However, condos and vacant land did far better this year than last. In addition, the number of properties currently under contract is significantly higher than last year. Because pending properties are up so high, I expect October and November numbers to be very good compared to last year.

In summary, the flood had some short term effects on the market, but I can’t seem to find any trend lines supporting any long term effects.

Advice for buyers

As we get closer to the winter season, we’ll see more motivated sellers come on the market compared to the summer season where there is a mix of people who may simply be “testing the market” with a higher price. Keep an eye on the properties coming on the market. One quick tip is to register on the search function of my web site at http://HomesInEstes.com/Search to save your search criteria and have emails sent to you when matching properties come available that match your criteria. That way, you can be sure you’ll be on top of the best properties as soon as they come available.

Advice for Sellers

It is natural at this time of year to see available inventory of homes for sale shrink in preparation for the slower selling season over the winter. However, if you are contemplating selling your home or waiting for spring to sell your home, I would highly encourage considering selling right now. There is a shortage of well-priced properties and buyers are sitting on the sidelines waiting for “the one” and you could be it! Case in point, I’ve been involved in 4 different multiple offer scenarios with buyers and sellers in the past couple months. Give me a call to discuss whether selling now or later will be in your best interest!

If you have been on the market for a while, it may be time to consider a price reduction or a change up in your marketing. Sometimes subtle changes go a long way.

Single Family Homes

157 – Active on the market (15 less than last month and 1 less than this time last year)
20 – Sold in September (same as last month and 2 less than September 2013)
38 – Currently Pending (8 more than last month and 10 more than this time last year)
$375,000 – Median Price of trailing 12 months of sales
$920,000 – Most expensive home sold in September
$154,000 – Least expensive home sold in September
10.8 Months Supply of Inventory (Also called Absorption Rate)

Condominiums and Townhouses

83 – Active on the market (2 less than last month ago and 2 more than this time last year)
12 – Sold in September (4 less than last month and 6 more than September 2013)
17 – Currently Pending (1 more than last month and 5 more than this time last year)
$243,000 – Median Price of trailing 12 months of sales
$419,500 – Most expensive condo sold in September
$140,000 – Least expensive condo sold in September
10.3 Months Supply of Inventory (Also called Absorption Rate)

Vacant Land

124 – Active on the market (4 more than last month and 5 less than this time last year)
7 – Sold in September (2 more than last month and 5 more than September 2013)
18 – Currently Pending (5 less than last month and 17 more than this time last year)
$170,000 – Median Price of trailing 12 months of sales
$385,875 – Most expensive land sold in September
$80,000 – Least expensive land sold in September

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Front of Home

The massive front deck is a perfect place to enjoy the great outdoors and excellent views. Situated in a quiet neighborhood near the National Park entrance and easily within walking distance of the river. One level living, full master suite, room for a garage, and many recent updates all come with this well-maintained home. New roof, new flooring, two storage sheds and even a hot tub. Motivated Seller!

View more details on this property

Search for All Homes for sale in Estes Park, Colorado

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Estes Park Real Estate Statistics August 2014

The busy summer season has morphed into a busy fall season. The aspen leaves are changing and the elk are active making it a glorious time to be in Estes Park!

As we reflect where we were a year ago at this time during the floods of September 2013, it is a blessing to see so much great weather and solid real estate activity as we wrap up the summer and head into the fall.

August was a very active month for condominiums reflecting twice as many sales in August as in July this year. In addition, when you total up all three categories of property sales (single family, condos, and land, there were 32% more sales than August 2013 which was long before the flood.

One leading indicator in the stats I’m providing has me a little worried. I’m seeing a trend of less properties under contract or pending than years past which could signal a general slow down in demand that might be reflected in future sales numbers. I’ll definitely keep you posted on this in future updates.

Advice for Buyers

Keep on the lookout for properties coming to the market in the early fall as property owners make their final trips before selling. With the current inventory fairly well “picked over” anything in great shape at a great price under $450,000 will have a lot of attention. Case in point, two of my listings have had multiple offer scenarios in the last 2 weeks.

Advice for Sellers

Yes, the market is a lot better than it was a couple years ago, however, you still need to be aggressive with your pricing when you put your house on the market. The properties that don’t sell (especially as we are gearing up for a slower season) are the ones that are stretching for just a little bit more equity.

Single Family Homes

172 – Active on the market (3 less than last month and 1 less than this time last year)
20 – Sold in August (1 less than last month and 3 more than August 2013)
30 – Currently Pending (8 less than last month and 11 less than this time last year)
$375,000 – Median Price of trailing 12 months of sales
$1,200,000 – Most expensive home sold in August
$142,500 – Least expensive home sold in August
11.7 Months Supply of Inventory (Also called Absorption Rate)

Condominiums and Townhouses

85 – Active on the market (8 less than last month ago and 14 less than this time last year)
16 – Sold in August (8 more than last month and 2 more than August 2013)
16 – Currently Pending (8 less than last month and 1 less than this time last year)
$246,750 – Median Price of trailing 12 months of sales
$512,500 – Most expensive condo sold in August
$126,500 – Least expensive condo sold in August
11.3 Months Supply of Inventory (Also called Absorption Rate)

Vacant Land

120 – Active on the market (5 less than last month and 16 less than this time last year)
5 – Sold in August (4 less than last month and 5 more than August 2013)
23 – Currently Pending (2 more than last month and 20 more than this time last year)
$165,000 – Median Price of trailing 12 months of sales
$425,000 – Most expensive land sold in August
$175,000 – Least expensive land sold in August

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Best Realtor in Estes Park, Colorado

The Results are in for the 2014 Best of Estes Readers Choice survey put on by the Trail Gazette, and I’m thrilled to announce I have been named Best Realtor for the 2nd year in a row!

This survey was generated with over 1,200 responses rating Estes Park businesses in 35 categories. I was extremely pleased at the response from my friends, clients and other locals who voted me into the number one spot.

Alpine Legacy also generated enough votes to get 2nd place in Best Real Estate Agency beating out several other larger real estate firms with many more agents than Alpine Legacy.

If you were among those who voted for me, I can’t thank you enough!

Best Real Estate Agent and Agency in Estes Park, Colorado

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One of the best locations in Ranch Meadows now for sale!

This duplex unit sits on the western edge of Raven Circle with views typically found in the prestigious Reserve neighborhood right next door (typical home price is between $750,000 and $1.5 million). Open meadows stand between your home and the snow-capped peaks viewable from your living room, bedrooms and deck. The home has been lovingly […]

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Outstanding value in this spacious end unit condo for sale

Outstanding value in this spacious end-unit condo that feels and looks brand new! Including tons of storage, 2 car garage, 3 bedrooms, 3 baths, large patio, gas fireplace, and a large great room floor plan. Longs Peak and Continental Divide view from the front entry and from inside the home. Excellent location with access to […]

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Estes Park Real Estate Market Statistics for July 2014

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Did the summer months fly by as fast for you as they did for me? I’ve even heard rumors of the Elk Rut starting already! No joke! Usually, the elk don’t start their mating season until the end of August or into September. I haven’t seen the rut behavior myself and I haven’t heard an […]

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Estes Park Real Estate Market Statistics for June 2014

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Monthly real estate statistics report for Estes Park, Colorado detailing what is going on in the local real estate market for June 2014

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Bank Owned Lot on Silver Tree Lane

Excellent deal in an ‘up and coming’ neighborhood with public water and sewer available and easy paved access. Accommodations Zoning provides flexible options for short term rentals. Not far from the National Park main entrance without venturing through downtown. Big views to the Mummy Range, southern exposure and gently sloping lot perfect for a walk-out […]

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Lovingly built home with a warm rustic feel for sale

This home was lovingly built by the current owner with great care and detail to the woodwork. It has a warm rustic feel with weathered pine floors throughout the house, vaulted ceilings covered with tongue-and-groove pine, and wood wainscoting. The oversize windows feature views of Longs Peak, Twin Sisters, and Fish Creek. The ensuite master […]

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