Influx of Million Dollar Listings in Old Town
Downtown Fort Collins has seen an upswing in homes over $1,000,000. In 2017, there were 7 sales that crested above the $1M mark, in Downtown, 4 of these sales were Attached Dwellings. The average sale price was $1,297,995; while the high was a Townhouse on Library Park for $1,511,863.
2018, on the other hand, has already seen 7 sales above $1M, (two were attached dwellings). The high sales price was $1,533,275 – Rucker Hill’s Mountain Modern home on west Mountain, and the average sales price was $1,219,610.00. Current downtown inventory is 12 (5 attached homes and 7 single family) active properties over $1M; ranging from $1,050,000 – $1,950,000.00
The days on Market for these homes averages over 100; as it usually takes much longer to sell this price point. Of the 7 sales YTD 2018, 4 of them are on Mountain Avenue.