December median home prices were up across many of the Northern Colorado and Boulder Valley submarkets as active listings remained low, in several cases failing to crack triple digits.
Not only were prices mostly up in December, the 2020 yearly median costs across all cities in the region were higher than 2019’s year-end figures, according to data released Friday by Loveland-based Information and Real Estate Services.
IRES tracks home sales in Loveland/Berthoud, Fort Collins, Estes Park, Greeley/Evans, Longmont and Boulder.
In the Loveland-Berthoud market, median home prices ticked up ever so slightly in December to $425,500, above the 2020 yearly median price of $415,000.
Like many of the other markets in the region, Loveland and Berthoud had an annual low for active listings: 178. That’s almost 40% lower than December 2019. Homes last month took an average of 66 days to sell.
After a slight dip in November, Fort Collins median prices rose a tad in December to $447,500. For the year, the city’s median price was $446,000, up 5% from 2019.
Last month there were 267 active listings, a low mark for 2020. Of those there were 238 sales, the second lowest total for the year. Sold homes were on the market for an average of 79 days.
Estes Park’s median dropped in December to $444,013. That’s down from $571,725 in November, a high mark for 2020. The yearly median price in the mountain town was $502,500, a 5.3% bump compared with 2019.
There were only 59 active Estes Park listings in December, the second lowest monthly total in 2020. Of those listings, 21 homes sold after being on the market for an average of 99 days.
Greeley sales prices slipped in December after rising the two previous months. The median last month was $335,087. For the entirety of 2020, the median sales price was $327,500, up 4.8% year-over-year.
December saw a yearly low of active listings with 162, down nearly a quarter from 2019. Of those listings, there were 138 homes sold in an average of 49 days.
Longmont’s December median price was $465,000, up $25,000 from November. For the year the city saw a median price of $463,000, up 6.4% from 2019.
Active listings continued their downward plunge in December with a yearly low of 69, only half the number of listings in December 2019. There were 85 homes sold in an average of 51 days last month.
December prices in Boulder rose for the third straight month, with the median figure hitting $1,080,500. That’s the second highest monthly median of the year. For the year, Boulder’s median price was a flat $1 million, up 2.3% from 2019.
During December there were only 80 active listings, a yearly low. Also hitting a 2020 low were total sales, of which there were 44 last month. Those sales took an average of 71 days to complete.
© 2021 BizWest Media LLC
Recent Comments