Denver Area Home Sales Bidding Wars Update westword.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from westword.com Daily Mail and Mail on Sunday newspapers.
Boulder tops $1.55M median housing price, up 56%
Communities in the Boulder Valley and Northern Colorado recorded record median sales prices during March, with Boulder topping the region with a median price of $1,557,500, up 55.74% from the same period a year ago.
That’s according to the latest data from Information and Real Estate Services LLC, the Loveland-based multiple-listing service for the region.
Boulder’s median sale price dwarfs that of the next-most-expensive city in the region, Estes Park, at $639,000, a year-over-year increase of 11.1%. Fort Collins also set a record of $495,000 for median price, up 16.5% from March 2020. Close behind was Longmont, at $493,000 up 8.1%, and Loveland-Berthoud, up 7.5% to $430,000.
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Connor Frohman, 4, middle, looks at his brother Cole, 6, as he eats his donut and their eldest brother Caleb takes a bite out of his on National Donut Day at Hurts Donut Company in Colorado Springs on Friday, June 1, 2018. (Photo by Kelsey Brunner, The Gazette)
Kelsey Brunner
One indicator of what’s currently happening with the Roaring Fork Valley housing market isn’t necessarily refined to pristine Rocky Mountain oases overlooking Mount Sopris.
Look westward toward Parachute and Battlement Mesa. Over the past two years, average prices for single-family homes have upticked by more than $100,000, according to local realtors. What used to hover around the $200,000 range has now surged to the upper echelons of the $300,000 range.
“The price range people can buy, there’s nothing out in this area for them to buy,” said Rifle’s Bay Equity Senior Loan Officer Shannon Stowe. “It’s crazy.”
In other words, market trends continue to go up. Stowe speculated that historically low interest rates, COVID-19-induced cabin fever and political uncertainty have manufactured “the perfect storm.”