How to Evaluate the Colorado Home Market
We are in a time where home prices have been falling causing many homeowners to lose their homes and resulting in many buyers feeling uncertain about whether or not the time is right to put in an offer. As in most things, knowledge is power. So, let's take a quick look at various cities within the Colorado real estate market.
Jefferson County Real Estate
The median sales price for a home in Jefferson County is $236,900. This is slightly higher than the price a year ago of $231,000.
Evergreen Real Estate
In Evergreen, the median sales price is $396,400, which is up from a year ago when the median price was $326,000. There are currently 300 homes listed for sale in Evergreen ranging in price from $99,000 to $18,000,000. There are 31 condos available ranging in asking price from $82,000 to $995,000.
Conifer Real Estate
The median sales price for a home in Conifer today is $320,000 down from $338,000 a year ago. There are 119 single family homes listed for sale in Conifer. Prices range from $14,000 to $1,995,000.
Littleton Real Estate
In Littleton, the median price of a single-family home is about $209,000, which is down from a year ago when the price was $238,000. There are currently 300 home listings ranging in price from $99,000 to $2,500,000. There are 204 condominiums available ranging in price from $50,000 to $625,000.
Denver Real Estate
The median price of a home in Denver today is about $257,000, which is up from a year ago when the price was $225,000. In fact, when you go back even as far as 2007 when the median price for a home in Denver was about $248,000 you see a relatively stable market. Currently there are 300 homes for sale in this area ranging in price from $31,000 to $6,400,000. There are also 300 condos for sale ranging in price from about $20,000 to $10,000,000.
Indian Hills Real Estate
In Indian Hills there are only 20 listings on the market that range in price from $149,000 to $4,500,000 and there are no condos listed for sale.
Boulder Real Estate
There are currently 149 single-family homes listed for sale in Boulder. Prices range from $150,000 to $5,900,000. There are 113 condos for sale ranging in price from $100,000. to $3,900,000. The median sales price of a home in Boulder is $371,000, which is down from a year ago when the median price was $458,000. The median price was $400,000 in 2009; $387,000 in 2008; and $362,000 in 2007.
Summary
Current and past home prices show this market to include a wide diversity of home styles and sizes and with a few exceptions, a relatively stable market. And yet, slightly more than 33% of all homes in Colorado sold for a loss in today's market compared with 8% in 2007. Another way to look at this is to note that in today's market, 66% of homes sold for a gain while in 2007 a whopping 90% sold for a gain.
Jefferson County Real Estate
The median sales price for a home in Jefferson County is $236,900. This is slightly higher than the price a year ago of $231,000.
Evergreen Real Estate
In Evergreen, the median sales price is $396,400, which is up from a year ago when the median price was $326,000. There are currently 300 homes listed for sale in Evergreen ranging in price from $99,000 to $18,000,000. There are 31 condos available ranging in asking price from $82,000 to $995,000.
Conifer Real Estate
The median sales price for a home in Conifer today is $320,000 down from $338,000 a year ago. There are 119 single family homes listed for sale in Conifer. Prices range from $14,000 to $1,995,000.
Littleton Real Estate
In Littleton, the median price of a single-family home is about $209,000, which is down from a year ago when the price was $238,000. There are currently 300 home listings ranging in price from $99,000 to $2,500,000. There are 204 condominiums available ranging in price from $50,000 to $625,000.
Denver Real Estate
The median price of a home in Denver today is about $257,000, which is up from a year ago when the price was $225,000. In fact, when you go back even as far as 2007 when the median price for a home in Denver was about $248,000 you see a relatively stable market. Currently there are 300 homes for sale in this area ranging in price from $31,000 to $6,400,000. There are also 300 condos for sale ranging in price from about $20,000 to $10,000,000.
Indian Hills Real Estate
In Indian Hills there are only 20 listings on the market that range in price from $149,000 to $4,500,000 and there are no condos listed for sale.
Boulder Real Estate
There are currently 149 single-family homes listed for sale in Boulder. Prices range from $150,000 to $5,900,000. There are 113 condos for sale ranging in price from $100,000. to $3,900,000. The median sales price of a home in Boulder is $371,000, which is down from a year ago when the median price was $458,000. The median price was $400,000 in 2009; $387,000 in 2008; and $362,000 in 2007.
Summary
Current and past home prices show this market to include a wide diversity of home styles and sizes and with a few exceptions, a relatively stable market. And yet, slightly more than 33% of all homes in Colorado sold for a loss in today's market compared with 8% in 2007. Another way to look at this is to note that in today's market, 66% of homes sold for a gain while in 2007 a whopping 90% sold for a gain.