December was a lot of the same news. Inventory was extremely low and prices continue to rise. Focusing on Fort Collins, there were simply are not a lot of homes on the market in Fort Collins.
Fort Collins homes were selling for a median price of $575,500.
Fort Collins homes on average sell after 114 days on the market compared to 76 days last year. There were 129 homes sold in Fort Collins for December this year, down from 393 last year, at an appreciating increase rate of 22 percent from 2020. A normal annual appreciation for Fort Collins has historically been 5-6 percent on average, and that’s including the market crash in 2008-2009, so it’s safe to say the market will only continue to increase.
Average days on market increased year-over-year for detached and attached homes in Berthoud.
Berthoud’s detached market experienced a 7.32% increase from 82 days in 2020 to 8 days in 2021, and its attached housing market experienced a 13.57% increase from 140 to 159 days.
Meanwhile, Timnath saw a drastic decrease year-over-year in homes sold.
Timnath’s detached market went from 38 homes sold in 2020 to 14 homes, a 63.16 percent decrease. In its attached market, Timnath also experienced a drastic decrease in home sales at 37 versus 112 in December 2020, a 66.67 percent decrease.
Boulder unsurprisingly saw a large increase in appreciation year-over-year in both detached and attached markets.
In the detached market, the average price climbed from $1,334,760 in December 2020 to $1,557,840 in December 2021, an increase of 16.71 percent. The attached market saw an increase of 9.22 percent from $506,279 to $552,956
Loveland also continues to prove its desirability with a 30.78 percent increase in attached sales volume.
In Loveland’s attached market, residents saw average sales price rise from $9,100,750 to $11,901,786. Meanwhile, their detached market saw a 19.94 percent increase from $452,529 to $542,763 in December 2021.
*Written January 6, 2022. Updates may be available after this date.