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Downtown Real Estate Partners Market Update 6-9-14

Soaring home prices in Colorado! May 2014 yielded 18 transactions for single family home purchases, resulting in an average sales price of $437,000. That is $112,000 higher than the sales price during May 2013, which averaged $325,000. The rising demand can be reflected by the following: the number of homes priced over $400,000 has doubled in the last 12 months from 5 in May 2013, to 10 in May 2014. Buyers are generally taking longer to purchase homes, granted buyers in May 2014 spent nearly 35% more than buyers in May 2013. An Old Town home listed by Anne Marie in 2001, for $285,000 is now listed for $1.25M. That is a 438% increase over 13 years! Despite the increase in average prices, buyer demand continues to increase, Old Town Fort Collins continues to be among the nation’s most desirable areas to reside.







Fort Collins Homes for Sale, Old Town Homes for Sale, Fort Collins Real Estate, Old Town Real Estate, Colorado Homes for Sale, Colorado Real Estate, Downtown Real Estate Partners, Emily Heinz

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