September was a solid month for local Estes Park real estate statistics. We sold more single family homes in September this year than last year and Condominiums also saw a solid 33% increase in sales compared to last year.
We are still seeing excellent response rates to properties that are aggressively priced. Short sale properties with attractive list prices are selling fairly quickly. Well priced bank owned properties are also generating solid activity. I know of several examples this year with multiple offers on the same property. That is not the norm, but it does indicate there are many people sitting on the fence waiting for these deals to happen.
Heading into the late fall and winter seasons, I’m hoping for the momentum we have gained through the summer to continue to provide more sales than last year. I’m particularly hoping we get some of the higher end listings sold soon as we are starting to see some softening in prices and stagnant listings that have been on the market for quite some time. I am very confident that anyone looking in the higher price ranges will have a very good chance at getting a great deal if they bought a home in the next 6 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
202 – Active on the market (16 less than last month and 2 more than this time last year)
14 – Sold in September (3 more than last month and 1 more than September 2008)
22 – Currently Pending (Same as last month and 8 more than this time last year)
$341,000 – Median Price of trailing 12 months of sales
$715,000 – Most expensive home sold in September
$75,000 – Least expensive home sold in September
Condominiums and Townhouses
115 – Active on the market (13 less than a month ago and 22 less than this time last year)
12 – Sold in September (4 momre than last month and 3 more than September 2008)
10 – Currently Pending (6 less than last month and 6 less than this time last year)
$240,000 – Median Price of trailing 12 months of sales
$500,000 – Most expensive condo sold in September
$147,500 – Least expensive condo sold in September
Vacant Land
100 – Active on the market (Same as a month ago and 8 more than this time last year)
0 – Sold in September (2 less than last month and 3 less than September 2008)
2 – Currently Pending (2 more than a month ago and 3 less than this time last year)
$155,000 – Median Price of trailing 12 months of sales
$0 – Most expensive Lot sold in September
$0 – Least expensive Lot sold in September
