Front Range Mountains Monthly Market Update – Single Family Homes

Front Range Mountains Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

FRONT RANGE MOUNTAINS, SINGLE-FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 379 132
Average Sales Price $579,323 $706,057 +21.8%
Median Sales Price $510,000 $580,000 +13.7%
Average Days to Contract 54 62 +14%

 

(Single Family Homes – % Under Contract)

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

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
FRONT RANGE MOUNTAINS 199 221 251 243 230 193 161 104 108 120 137 159 187

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
FRONT RANGE MOUNTAINS 30 51 27 40 27 37 28 33 24 21 21 22 36

 

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

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