News and Views in Estes Park, Colorado

Now that 2009 is over and done with, all that we are left with are the statistics. Stay tuned to this blog in the next few days and I will post a more detailed analysis of the real estate market and a comparison of how different segments of the market are performing.

Regarding the stats for December, one of the biggest things to report is a possible “bounce” in 12 month trailing median prices for both single family homes and for condos. Both categories showed increases over last months numbers. This could be the beginning of a sustained recovery depending on how these next few months play out. I won’t be so bold as to declare the bottom of the market, but you can bet I’ll be keeping a close eye on it.

You’ll also notice a huge drop in the number of available properties available in all three categories. It is very normal at the end of the year to drop several listings off the market. Many of these come back eventually either with the original real estate agent or with another real estate agent or office. To compare, we actually have a little more inventory at this time than we did last year at this time.

We have also seen a general increase in buyer activity directly after the holidays. It will be very interesting to see if this wave of buyer interest turns into an increase in properties sold in this first quarter.

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

173 – Active on the market (15 less than last month and 19 more than this time last year)
8 – Sold in December (2 less than last month and 3 more than December 2008)
13 – Currently Pending (4 more than last month and 4 more than this time last year)
$330,000 – Median Price of trailing 12 months of sales
$450,000 – Most expensive home sold in December
$135,000 – Least expensive home sold in December

Condominiums and Townhouses

90 – Active on the market (18 less than a month ago and 18 less than this time last year)
8 – Sold in December (4 more than last month and 2 more than December 2008)
7 – Currently Pending (4 less than last month and 2 less than this time last year)
$240,000 – Median Price of trailing 12 months of sales
$477,000 – Most expensive condo sold in December
$145,000 – Least expensive condo sold in December

Vacant Land

95 – Active on the market (6 less than a month ago and 20 more than this time last year)
1 – Sold in December (same as last month and same as December 2008)
0 – Currently Pending (2 less than a month ago and 1 less than this time last year)
$105,000 – Median Price of trailing 12 months of sales
$335,000 – Most expensive Lot sold in December
$335,000 – Least expensive Lot sold in December

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