|
Spring has sprung - but it is SPRING in the HIGH COUNTRY...which means:
We dress in layers and prepare for EVERY weather condition possible (Your car may turn into an "extended closet" for a while...) And then..we can toss the puffies, grab the shorts and sailing shoes, hiking boots, life vests, and wide brimmed hats and put them in the Summer Car Closet. Don't forget the rain jacket for our afternoon showers.!
Please Call me if you would like to hear about my favorited hikes!
As promised I put some valuable Statistics together for you for the 1st Quarter 2024... if you look at the graphs below, I believe they are self explanitory. The 'feeding frenzy" is over and Buyers are more methodical about selecting a property.
REDFIN states the following:
Colorado housing prices were up by 7.4% compared to last year - selling for a median price of $602,200. On average the number of homes sold was down, (March 2024 compared to march 2023): 6,135 homes sold in March 2024 compared to 6,757 homes March 2023. The median days on market (DOM) was 33 days.
Having said that, please keep in mind Summit is somewhat different - however, to give you a "all of Colorado" comparision:
Fastest growing Sales prices in Colorado:
Golden, Co 42.2%
Evergreen, CO 21.7%
Breckenridge, CO 33.4 %
Silverthorne, CO 36.8%
Steamboat Springs, CO 25.9%
In March 2024 there were 10.1% more homes for sale (year over year). The number of newly listed homes was down by 1.5% year over year.
Colorado Housing demand ("how competitive is the CO housing market"):
In March 2024, 29.0% of homes sold above listing price, down by 0.08 points year over year.
28% of homes had price drops, which was up from 25% over homes from March 2023. There was a 99.2% sale-to-list price, up 0.03 points year over year.
As Summit is a bit of an "outlier", I have picked a couple of relevant Stats (data source SARS Summit) and provided you with the graphs below...
PLEASE CALL ME, if you have any questions! - Kerry
| 
