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Fantastic-Home

Here’s your chance at a spacious multi-level free-standing condominium with very low maintenance.

The flexible floor plan features a split-level great room with huge views of Longs Peak well framed through the picture windows. Mingle among the rock outcroppings on multiple decks surrounding the house including an ultra private deck off the kitchen.

Great value for the amount of space available including 3 generously sized bedrooms, living room, and family room in the lower level. Attractive gas fireplaces can be found both upstairs and downstairs. Located an easy stroll away from downtown, this condo is head and shoulders above the competition.

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Estes Park Real Estate Statistics October 2014

There is a lot to be excited about regarding real estate statistics in Estes Park…that is as long as you get excited about stuff like this…I know I do! As we head into our slowest season, I’m impressed with how things are shaping up for the end of the year.

The absorption rate (relationship between supply and demand) for single family homes is as low as I’ve ever seen it mostly because the number of homes available on the market is extremely low. Lower absorption rate means more favorable to price appreciation and more favorable to sellers. Digging into the numbers a little further, this optimism is really only shared by homes under $500,000. Unfortunately, there is still far too much inventory in the upper price ranges to match the slow demand.

Median prices of homes sold are inching up as well with a slight increase over last year at this time. Vacant land is seeing a huge jump up in median prices to go along with the drastic jump in popularity of vacant land sales. Single family sales are tracking even with last year and we are slightly behind in condominiums. What we are lacking in number of sales we are making up for in a severe lack of inventory in the lower price ranges.

Advice for Buyers

Keep an eye on the market through the Holidays, but don’t expect a lot of listings. If anyone is making moves, you know they are motivated. The Holidays can be an excellent time to find a good deal with a motivated seller. Typically, not much activity goes on the last half of December, which could work to your advantage.

Advice for Sellers

There are always people looking for properties especially in the lower price ranges. As I mentioned above, buyers are savvy and know that if you see a seller making moves during hte holiday season, they are typically more motivated. Putting your home on now will beat the new years listing push and especially as we head into spring.

Secondarily, if you have a home to sell in good shape and under $500,000, you should have no problem selling very quickly. Speaking of selling quickly, we have several buyers waiting on the sidelines right now for the right property to come available. Give our office a call if you have something to offer!

Single Family Homes

122 – Active on the market (23 less than last month and 14 less than this time last year)
13 – Sold in November (7 less than month and 1 more than November 2013)
25 – Currently Pending (1 less than last month and 1 more than this time last year)
$365,000 – Median Price of trailing 12 months of sales
$890,000 – Most expensive home sold in November
$174,150,000 – Least expensive home sold in November
7.8 Months Supply of Inventory (Also called Absorption Rate)

Condominiums and Townhouses

74 – Active on the market (9 less than last month ago and the same as this time last year)
5 – Sold in November (6 less than last month and 4 less than November 2013)
14 – Currently Pending (2 more than last month and 4 more than this time last year)
$240,000 – Median Price of trailing 12 months of sales
$335,713 – Most expensive condo sold in November
$162,500 – Least expensive condo sold in November
8.9 Months Supply of Inventory (Also called Absorption Rate)

Vacant Land

107 – Active on the market (12 less than last month and 14 less than this time last year)
3 – Sold in November (same as last month and 3 more than November 2013)
16 – Currently Pending (same as last month and 14 more than this time last year)
$164,500 – Median Price of trailing 12 months of sales
$300,000 – Most expensive land sold in November
$100,000 – Least expensive land sold in November

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Fantastic-Home

Fantastic value priced home with a great location and easy access in Estes Park.

This 4 bedroom home is completely updated and features a 2nd kitchen in lower level family room. The main level features a big and beautiful kitchen with granite counters, hickory cabinets, hardwood floors, tile backsplashes, stainless steel appliances and an open floor plan. Updates throughout the house include all 3 bathrooms being completely redone including oil rubbed bronze fixtures, and extensive landscaping on the 1 acre of land. Attached 2 car garage and large storage/utility room provide ample storage.

Homes in this great of shape with this much space rarely come available in this price range. Act fast!

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End-Unit-Condo

An impressive end unit condo at Northridge Meadow has fantastic windows that flood the living spaces with light. The condo has been updated very recently with attractive quartz kitchen countertops, new stainless steel appliances, hot water heater, and storm door. Three full bedrooms and three full baths (2 ensuite) help make overnight guests super comfortable. Overlooking protected open space frequented by horseback riders from Sombrero Stables and all sorts of wildlife.

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Solitude Cabin for Sale

When it comes to two bedroom cabins in the mountains, they don’t get much better than this! Welcome to one of the best locations at Solitude! Surrounded on two sides by open space and privacy, this setting stands head and shoulders above other options in the same price range. With a bedroom and bath on […]

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Estes Park Real Estate Market Statistics for October 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 October 2014

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Peace and Serenity Surround This Prestigious Mountain Home

Peace and serenity surround this special home with everything you could ask for in a prestigious mountain property. Escape to the park-like landscaping, abundant outdoor spaces, and a home that was designed to feature only the best amenities money can buy. The home has 11′ ceilings, multiple french doors, a flowing floor plan and walls […]

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Luxurious Log Home with Big Views of Longs Peak and the Continental Divide

Be careful, viewing this house is dangerous! Once you explore inside, you won’t want to settle for anything less!! There are certain homes in Estes Park that generate a lot of buzz among buyers simply because of the location. The Log Home at 2550 H Bar G Road in Estes Park is a home that […]

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Estes Park Real Estate Market Statistics for September 2014

Thumbnail image for Estes Park Real Estate Market Statistics for September 2014

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

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One of the best locations you’ll find in this price range, especially for a 3 bedroom house!

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 […]

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