February 26, 2018

Categories Real Estate

A Record-Breaking Year

The Colorado Association of REALTORS® (CAR) reported that Colorado’s housing market saw back-to-back increases of 10 percent in median sales price across the state in 2016 and 2017.

 

ACCORDING TO THE DECEMBER 2017 REPORT:

 

STATEWIDE: Average sales price was $433,368, up 8.3 percent year over year. Inventory continued to tighten, with active listings down 27 percent.

 

DENVER: Median sales price of a single-family home reached $400,000, up 8.4 percent from a year ago. Median sales price of a condo/townhome reached $284,000, surpassing its previous high of $277,000. Average sales price of a single-family home was $465,818 in December, up just shy of 11 percent from the previous December.

 

BOULDER COUNTY: Single-family homes in Boulder County appreciated by 7.3 percent, and attached homes appreciated 3.8 percent. Average home price in the city of Boulder topped $1 million.

 

BROOMFIELD: Single-family homes appreciated by 10.9 percent, and attached homes saw an impressive 15 percent gain. According to Zillow, median home value is $403,200 and projected to rise 2.4 percent in the coming year.

 

Source: Colorado Realtor Magazine, January 2018

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