How's The Market in the Front Range?
FRONT RANGE MARKET STATS | Residential Only (ReColorado) 2021 vs 2022 (Month of August) Closed Transactions 2021 :: 6,734 2022 :: 4,897 -27% Sold Dollar Volume 2021 :: $4.25B 2022 :: $3.38B -21% Average Sales Price 2021 :: $630K 2022 :: $678K Average Price/ Sq.Ft 2021 :: $286 2022 :: $309 +8% Average Days on Market 2021 :: 12 2022 :: 19 +7% Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park Sale/List Price 2021 :: 101.2% 2022 :: 93.54% -7% +58%
FRONT RANGE MARKET STATS | Residential Only (ReColorado) 2021 vs 2022 (YTD - 1/1 through 8/31) Closed Transactions 2021 :: 47,484 2022 :: 40,488 -14% Sold Dollar Volume 2021 :: $29.74B 2022 :: $28.57B -4% Average Sales Price 2021 :: $626K 2022 :: $706K Average Price/ Sq.Ft 2021 :: $278 2022 :: $321 +15% Average Days on Market 2021 :: 15 2022 :: 13 +-13% 12% Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park Sale/List Price 2021 :: 102.4% 2022 :: 101.8% -.59%
FRONT RANGE TOTAL ACTIVE INVENTORY | Residential & Land (ReColorado) As of September 2nd of each year 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2018 2019 2020 2021 2022 1 1 , 2 2 9 9 , 3 0 7 1 , 9 2 2 1 6 , 0 0 2 1 3 , 8 1 6 2 1, 8 6 1 1 1, 5 9 9 , 5 2 5 1 , 6 3 4 7, 3 3 6 6 , 2 3 1 1 1, 0 5 9 , 5 5 3 8 1, 6 9 1 , 3 8 4 Total Residential Land +30% 2021>2022 5 - Year Comparison
FRONT RANGE NEW LISTINGS VS PENDING SALES | Residential + Land (ReColorado) 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Aug 21 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 New Listing Pending