Estes Park Real Estate Market Statistics for November 2009

Sam Basel December 5, 2009

Statistics-icon-smallThe Estes Park Real estate market continues to chug along as we head into the final month of the year. There has been a noticeable increase in the amount of activity in the upper price ranges of homes. Buyers are starting to look again although I am not entirely sure what the cause was or if is track-able. We have seen a definite increase in the number of showings in homes over $400,000. Hopefully this trend will continue to increase and sales will follow.

There are several high and low points to make note of regarding the statistics this time around. The median price of all three categories (single family, condominiums, and vacant land) continue to slide lower each month with a huge dip in the vacant land. Keep in mind that these are Median Prices which represents the middle value of properties that are selling. Vacant land has very few data points to work with and therefore will have a much more volatile data track over time.

On a positive note, there are more condos and vacant land under contract at this time than there were at this time last year and I would say there is more activity in the real estate marketplace than there were in past years at this time of the year as well. Only time will tell how the rest of December will play out and what kind of momentum we take into the new year.

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

188 – Active on the market (1 more than last month and 10 more than this time last year)
10 – Sold in November (3 less than last month and 4 more than November 2008)
9 – Currently Pending (5 less than last month and 3 less than this time last year)
$325,000 – Median Price of trailing 12 months of sales
$1,375,000 – Most expensive home sold in November
$249,000 – Least expensive home sold in November

Condominiums and Townhouses

108 – Active on the market (9 less than a month ago and 16 less than this time last year)
4 – Sold in November (same as last month and 3 less than November 2008)
12 – Currently Pending (2 more than last month and 2 more than this time last year)
$236,000 – Median Price of trailing 12 months of sales
$154,000 – Most expensive condo sold in November
$125,000 – Least expensive condo sold in November

Vacant Land

101 – Active on the market (8 less than a month ago and 17 more than this time last year)
1 – Sold in November (1 more than last month 1 more than November 2008)
2 – Currently Pending (1 less than a month ago and 1 more than this time last year)
$105,000 – Median Price of trailing 12 months of sales
$103,000 – Most expensive Lot sold in November
$103,000 – Least expensive Lot sold in November

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