Front Range Mountains Monthly Market Update – Single Family Homes

Front Range Mountains Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

 

FRONT RANGE MOUNTAINS, SINGLE-FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 379 262
Average Sales Price $579,323 $710,542 +22%
Median Sales Price $510,000 $580,000 +13.7%
Average Days to Contract 54 55 +1.8%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $500k         48% 49% 36% 50% 51% 39% 45% 43% 48%
$500-$750K         38% 44% 43% 48% 54% 27% 40% 26% 33%
$750K – $1MM         30% 22% 26% 31% 33% 29% 23% 14% 27%
$1MM-1.5MM         21% 20% 34% 29% 27% 18% 15% 20% 11%
$1.5MM+         12% 6% 26% 21% 15% 11% 14% 20% 11%
OVERALL % U/C         32% 30% 33% 35% 38% 26% 31% 29% 31%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
FRONT RANGE MOUNTAINS 243 230 193 161 104 108 120 137 159 187 219 224 206

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
FRONT RANGE MOUNTAINS 40 27 37 28 33 24 21 21 22 36 40 39 48

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun18’ Jul 18’ Aug 18’
FRONT RANGE MOUNTAINS         3.25 .984 4.23 5.01 5.97 7.14 8.01 7.51 6