Estes Park Real Estate showed major improvements in the month of April in comparison to the previous 3 months. Some of the improvement can be associated with seasonality, however, the numbers of properties sold this during the month comparing this year vs last year are improving.
With the multitude of real estate web sites across the internet all having some sort of statistical information regarding how the market is doing in Estes Park and across the nation, I want to remind you to find out how these statistics are being generated. Because Estes Park is such a small community, the numbers of properties that are generating these statistics is also small. With very few properties as “data points,” volatility and margin of error are extremely high. For example, if one month has 2 or 3 high value properties sell at the same time, the numbers will be skewed higher.
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 on my web site. Also, I would be happy to generate a more focused statistical analysis on the types of property you are interested in. There are a number of ways to contact me here.
Single Family Homes
188 – Active on the market (8 more than last month)
9 – Sold in April (5 more than last month and 7 less than April 2008)
15 – Currently Pending (same as last month)
$355,000 – Median Price of trailing 12 months of sales
$980,000 – Most expensive home sold in April
$250,000 – Least expensive home sold in April
Condominiums and Townhouses
122 – Active on the market (6 more than a month ago)
4 – Sold in April (1 more than last month and 6 less than April 2008)
10 – Currently Pending (1 less than last month)
$245,000 – Median Price of trailing 12 months of sales
$492,500 – Most expensive condo sold in April
$160,000 – Least expensive condo sold in April
Vacant Land
89 – Active on the market (4 less than a month ago)
0 – Sold in April (1 less than last month and 4 less than April 2008)
1 – Currently Pending (1 less than a month ago)
$180,000 – Median Price of trailing 12 months of sales
