Front Range Mountains Monthly Market Update – Single Family Homes

ont 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 379 343
Average Sales Price $579,323 $685,299 +18%
Median Sales Price $510,000 $565,000 +10.8%
Average Days to Contract 54 53 -1.8%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
UNDER $500k     48% 49% 36% 50% 51% 39% 45% 43% 48% 44% 48%
$500-$750K     38% 44% 43% 48% 54% 27% 40% 26% 33% 33% 31%
$750K – $1MM     30% 22% 26% 31% 33% 29% 23% 14% 27% 13% 25%
$1MM-1.5MM     21% 20% 34% 29% 27% 18% 15% 20% 11% 13% 24%
$1.5MM+     12% 6% 26% 21% 15% 11% 14% 20% 11% 16% 13%
OVERALL % U/C     32% 30% 33% 35% 38% 26% 31% 29% 31% 28% 30%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
  193 161 104 108 120 137 159 187 219 224 206 197 150

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
  37 28 33 24 21 21 22 36 40 39 48 35 40

 

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

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
      3.25 .984 4.23 5.01 5.97 7.14 8.01 7.51 6 5.37 3.78