Home prices hit highs
September brought peak prices of 2020 for most cities
Across much of Northern Colorado, median home prices hit yearly highs in September, according to data released Thursday by Information and Real Estate Services LLC, based in Loveland.
IRES tracks home sales in Boulder, Fort Collins, Longmont, Loveland/berthoud, Greeley/evans and Estes Park, all markets within Boulder, Broomfield, Larimer and Weld counties.
Unlike their neighbors to the north, Boulder County cities saw prices drop from August to September.
For the second month in a row, median prices in Fort Collins hit a yearly high. In September, that price was $485,010, up from $460,000 in August.
Listings were down by 25.5% year over year at 547 for the month. There were 321 sales, which took on average 71 days to complete.
The Greeley-evans market also saw a 2020 high median in price in September of $332,600. That topped the prior month’s recordsetting price of $327,750.
There were only 258 active listings in September, a 17.8% drop from the same month in 2019. Of those, 176 sold in an average of 60 days.
The Loveland-berthoud market matched the record-setting trend by posting a median September price of $447,000. That’s up from the previous 2020 high of $430,000 in August.
Listings — 374 in the month — were down more than one-quarter compared with September 2019. There were 250 sales, which took an average 59 days to complete.
In Boulder, median sales prices dipped from more than $1.1 million in August to $987,500 in September.
Active listings, 186 for the month, were down by nearly a quarter compared with September 2019. Of those listings, there were 90 sales. Homes in the city sold in an average of 57 days.
September median home prices fell in Longmont to $463,500 from $487,336 in August.
Active listings, of which there were 168 last month, were down nearly 30% compared with September 2019. There were 124 sales, which took an average of 40 to close.
Estes Park also saw prices drop slightly. The median September price in the mountain town was $545,000 last month, down from $554,500 in August.
There were 109 active listings for the month, a 21.6% decrease compared with September 2019. Last month saw 55 of those listings sold in an average of 78 days on the market.