I made sure not to post this information yesterday so no one accused me of posting an April fools joke. All the information is factual and verifiable.
Now that I have that out of the way, I think you will be very pleased with the stats this month. We took another huge jump in the number of homes sold in March by more than twice as many that were sold in March 2009. We are also seeing some of the higher dollar homes being sold which is a very good thing for the top end of the market. To top it all off, the number of homes that are under contract are much higher than normal for this time of year.
Condos and vacant land are just as exciting with numbers matching or exceeding last month and previous years in the same time period across the board. Inventory amounts are looking good for condos with an almost 10% reduction in the number of condos available for sale in comparison with this time last year.
The stats are starting to show what we’ve been feeling for the better part of this year: Buyers are out there and are waiting to find the “perfect” home. If they find the one they like, they are jumping on it. If you mix the recent activity with the end of the home buyer tax credit and low interest rates and I expect the next couple of months to be very solid months as far as statistics are concerned.
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
196 – Active on the market (19 more than last month and 16 more than this time last year)
10 – Sold in March (4 more than last month and 6 more than March 2009)
23 – Currently Pending (5 more than last month and 12 more than this time last year)
$347,000 – Median Price of trailing 12 months of sales
$815,000 – Most expensive home sold in March
$122,000 – Least expensive home sold in March
Condominiums and Townhouses
105 – Active on the market (9 more than a month ago and 11 less than this time last year)
5 – Sold in March (same as last month and 2 more than March 2009)
12 – Currently Pending (5 more than last month and same as this time last year)
$221,000 – Median Price of trailing 12 months of sales
$375,000 – Most expensive condo sold in March
$123,000 – Least expensive condo sold in March
Vacant Land
103 – Active on the market (2 less than a month ago and 20 more than this time last year)
1 – Sold in March (1 more than last month and same as March 2009)
3 – Currently Pending (2 more than a month ago and 3 more than this time last year)
$120,000 – Median Price of trailing 12 months of sales
$120,000 – Most expensive Lot sold in March
$120,000 – Least expensive Lot sold in March
