The current market statistics for Estes Park are showing some very interesting numbers describing how the market is reacting to the National credit crunch crises and the rest of the economy.

• Our median price for single family homes continues to rise and is now at the highest point it has been in 2 years.
• The number of home sales in September was still lower than last year, but only down 24% instead of being down over 30% in the previous 3 months.
• Both Condos and Vacant land are staying relatively even in their median price over the last several months.
• Pending properties are continuing at the same level over the last several months at a time when sales typically slow down.

Contrary to what these statistics suggest, the overall attitudes of buyers and sellers in our market are skittish at best. The few buyers that are interested in buying property right now are assuming that in today’s economy sellers must be in the mind set of “any offer is a good offer” even if it comes in at 75% of the list price. Unfortunately for buyers, most sellers in Estes Park are not extremely motivated to sell and are not ready to give their property away to the first and perhaps only bidder. They are still willing to wait out the market in order to get their price.

Please take a look at the stats page on this site for more info. I’d be happy to discuss your personal situation and provide advice if you are considering buying or selling a property in the Estes Park area.

Single Family Homes

200 – Active on the market (1 less than a month ago)
13 – Sold in September (2 less than last month and 4 less than September 2007)
21 – Currently Pending (1 more than last month)
$377,000 – Median Price of trailing 12 months of sales (Highest amount of trailing 12 months median price in the last two years)
$1,250,000 – Most expensive home sold in September
$140,000 – Least expensive home sold in September

Condominiums and Townhouses

137 – Active on the market (20 less than a month ago – 1 large development is no longer listed on the market)
9 – Sold in September (5 less than last month and 2 less than September 2007)
15 – Currently Pending (19 less than last month – 1 large development is no longer listed on the market)
$273,000 – Median Price of trailing 12 months of sales
$595,000 – Most expensive condo sold in September
$147,500 – Least expensive condo sold in September

Vacant Land

92 – Active on the market (11 more than a month ago)
3 – Sold in September (1 less than last month and 1 more than September 2007)
7 – Currently Pending (4 more than a month ago)
$165,000 – Median Price of trailing 12 months of sales
$152,900 – Most expensive lot sold in September
$97,000 – Least expensive lot sold in September