Activity in the Estes Park real estate market has exploded in April. I had to double check my numbers 3 times to make sure they were correct. We saw a huge increase in the number of sales in each category in comparison with previous months and especially over last year.
With the passing of the tax credit on April 30th, I am expecting a slight slow down in the lower price ranges. We did see an increase in activity among in the lower price ranges leading up to the deadline. I personally helped 3 clients that were specifically bought homes to take advantage of the credit over the last year. However, the tax credit did not have as significant of an impact on our real estate statistics as many other locations. Our market is substantially dependant on financially stable individuals buying 2nd homes with 20% or more of a down payment or paying cash for their new home. The tax credit did not impact the decision making of these types of individuals very much.
Looking forward to the summer, it seems as though the trends of increasing activity are going to remain strong. While we don’t have quite as many homes under contract at this time as we did a month ago, we do have more than we did last year and the showing activity has picked up considerably in the upper price ranges over the last several months.
If you would like to see a more graphical representation of how the market is doing, check out my Estes Park Real Estate Statistics page. Also, I would be happy to generate a more focused statistical analysis on the types of property you are interested in. Contact me here.
Single Family Homes
209 – Active on the market (13 more than last month and 21 more than this time last year)
20 – Sold in April (10 more than last month and 11 more than April 2009)
19 – Currently Pending (4 less than last month and 3 more than this time last year)
$337,500 – Median Price of trailing 12 months of sales
$690,000 – Most expensive home sold in April
$182,000 – Least expensive home sold in April
Condominiums and Townhouses
120 – Active on the market (15 more than a month ago and 2 less than this time last year)
8 – Sold in April (3 more than last month and 4 more than April 2009)
10 – Currently Pending (2 less than last month and same as this time last year)
$215,000 – Median Price of trailing 12 months of sales
$322,000 – Most expensive condo sold in April
$141,000 – Least expensive condo sold in April
Vacant Land
102 – Active on the market (1 less than a month ago and 13 more than this time last year)
5 – Sold in April (4 more than last month and 5 more than April 2009)
2 – Currently Pending (1 less than a month ago and same as this time last year)
$123,375 – Median Price of trailing 12 months of sales
$166,250 – Most expensive Lot sold in April
$48,000 – Least expensive Lot sold in April
