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Estes Park Real Estate Statistics February 2014

Spring is in the air! And by “Spring,” I mean the sun has an extra bit of warmth to it, and it seems like every other day transitions from snow to super sunny and gorgeous!

Spring time in Estes Park is also a high time for new listings to be coming on the market. So far, March has not disappointed with the amount of new listings fresh to the Estes Park real estate market. In addition, I’m hearing rumors of many more people considering putting their homes on the market in the near future. The moral of the story is keep your eyes peeled! Your perfect home may be coming on the market soon if it isn’t available already.

Advice for Buyers

As I mentioned above, keep a close eye on the market because this time of year is extremely popular for fresh new listings. If you haven’t set up email notifications yet for new listings, be sure to register on my http://HomesInEstes.com/Search page in the upper right and set up your saved search. If you need help, just let me know!

Secondly, if you find a piece of real estate that you like, do yourself a favor and DON’T HESITATE! Just last week, I was involved in multiple offer competition on a great house at a great price. There is a solid chance that what you find attractive will also be attractive to someone else as well so don’t delay.

Advice for Sellers

Now is the time. Over the next several months, there will be a lot of new homes coming on the market, but there are also lots of buyers who are ready and waiting for new listings. Inventory remains at record lows and mortgage interest rates are not climbing as fast as everyone predicted. These two factors are creating more pent up demand. If you have had thoughts about putting your house on the market this spring, I would be happy to walk you through what you need to do to take advantage of this unique opportunity.

Single Family Homes

124 – Active on the market (3 less than last month and 18 less than this time last year)
6 – Sold in February (the same as last month and 6 less than February 2013)
22 – Currently Pending (3 more than last month and 9 less than this time last year)
$363,000 – Median Price of trailing 12 months of sales
$1,050,000 – Most expensive home sold in February
$290,000 – Least expensive home sold in February
8.5 Months Supply of Inventory (Also called Absorption Rate)

Condominiums and Townhouses

74 – Active on the market (11 more than a month ago and 22 less than this time last year)
7 – Sold in February (4 more than last month and more than February 2013)
7 – Currently Pending (4 less than last month and 4 less than this time last year)
$263,700 – Median Price of trailing 12 months of sales
$375,900 – Most expensive condo sold in February
$90,100 – Least expensive condo sold in February
8.3 Months Supply of Inventory (Also called Absorption Rate)

Vacant Land

100 – Active on the market (1 less than a month ago and 10 less than this time last year)
2 – Sold in February (1 more than last month and the same as February 2013)
3 – Currently Pending (1 more than last month and 2 less than this time last year)
$118,950 – Median Price of trailing 12 months of sales
$225,000 – Most expensive land sold in February
$190,000 – Least expensive land sold in February

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Log Cabin with Rustic Mountain Charm
Immaculately maintained and tastefully adorned with rustic mountain charm in a footprint that is not too big, but not too small, this has to be one of the cutest log homes you have ever seen! You don’t have to pay an arm and a leg to get your very own log home in Estes Park! Enjoy plentiful wood accents throughout the home, a country rustic kitchen, and an efficient wood stove in the living room. The entire house was remodeled recently and it still feels brand new! Attractive decorative tile in the bathrooms and even electric in-floor heat in the master bath. There is plenty of built in shelving and a work bench in the garage plus bonus attic storage accessed from outside. The second bedroom features a custom painted mural by a local artist. The third bedroom upstairs has a half-sized closet and great views of the Mummy Range. Ready for short term, long term, full time living or use as a second home. There is a privacy fence around the spacious yard featuring a hot tub, fire pit, and a comfortable deck with views of Lake Estes.

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1844 Stonegate 1

Smart and sophisticated one-owner home lovingly designed and built with incredible attention to detail.

Featuring 2 master suites, plenty of space for entertaining and a location second to none, this home will impress you more and more as you look into the details. Highly sought after North-End views of Longs Peak and the Continental Divide are visible in almost every room of the house. The large lot size and wide open spaces create abundant privacy and true 360 degree views of the mountains in every direction.

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Estes Park Real Estate Statistics January 2014

As we wrap up the winter season and get ready for spring, the Estes Park real estate market is poised to explode in 2014. We have the least amount of homes or condos available for sale since I started keeping track in 2008. Time on the market is decreasing drastically and prices are appreciating (especially under $500,000). In addition, mortgage interest rates are still very low creating what could be a very active spring and summer season in our local real estate market.

Advice for Buyers

Be sure you are ready to take advantage of the many fresh properties that always come available this time of year. Get your financing in order by talking a LOCAL mortgage broker for tips to maximize your buying power and keep as much money in your pocket as possible. If you haven’t already done so, register on my site at http://HomesInEstes.com/Search and set up your saved searches to make sure you are notified immediately when “the one” hits the market. You don’t want to be late to the party and miss out on your perfect fit that meets all of your criteria. It’s easy to do and free.

Advice for Sellers

Now is the time to seriously consider selling your home. The peak of the season is right around the corner. Putting your house on the market in the next 1-2 months will guarantee you are fresh on the market when the most amount of buyers are looking. Secondly, available inventory for sale is extremely low right now. It is now common for local real estate agents to be calling each other asking about potential new listings that might be coming available soon because there isn’t anything available that fits what their clients are looking for. Time on the market is shrinking considerably compared to years past.

Single Family Homes

127 – Active on the market (2 less than last month and 23 less than this time last year)
6 – Sold in January (9 less than last month and 1 less than January 2013)
19 – Currently Pending (3 more than last month and 11 less than this time last year)
$357,000 – Median Price of trailing 12 months of sales
$775,000 – Most expensive home sold in January
$176,000 – Least expensive home sold in January
8.5 Months Supply of Inventory (Also called Absorption Rate)

Condominiums and Townhouses

63 – Active on the market (1 less than a month ago and 23 less than this time last year)
3 – Sold in January (3 less than last month and 1 less than January 2013)
11 – Currently Pending (same as last month and 4 less than this time last year)
$230,000 – Median Price of trailing 12 months of sales
$500,000 – Most expensive condo sold in January
$227,000 – Least expensive condo sold in January
7.0 Months Supply of Inventory (Also called Absorption Rate)

Vacant Land

101 – Active on the market (6 less than a month ago and 14 less than this time last year)
1 – Sold in January (1 more than last month and the same as January 2013)
2 – Currently Pending (2 less than last month and 5 less than this time last year)
$114,900 – Median Price of trailing 12 months of sales
$345,000 – Most expensive land sold in January
$345,000 – Least expensive land sold in January

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A-frame cabin in the mountains with big views for sale

If you have ever dreamed of owning an A-Frame cabin in the mountains with big views, your dream is about to come true! This large home has a fantastic mountain cabin feel with tons of space, big views, and plenty of privacy. Featuring 4 bedrooms plus a bonus recreation room in the upstairs, this home […]

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Estes Park Real Estate Market Statistics for December 2013

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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 December 2013

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Impressive Brand New Townhome for Sale with Continental Divide Views

Check out this impressive brand new townhouse from one of Estes Park’s premier builders. To be finished with high end materials usually found in homes in the $750,000 range or more including alder cabinetry, granite countertops, stainless appliances and wood floors. The views of the continental divide is absolutely stunning and can be enjoyed from […]

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Estes Park Real Estate Market Statistics for November 2013

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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 November 2013

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Estes Park Real Estate Market Statistics for October 2013

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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 2013

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Estate Sale at Fall River Village – owner willing to look at all offers!

Estate Sale willing to look at all offers!!! This 2 bedroom, 2 bath condo compares well to other condos in the $175,000 to $200,000 range. The development is poised for recovery! The bank has foreclosed on the original developer and will either be fixing up the entire property in the near future or selling to […]

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