While inventory is on the rise in Northern Colorado, so are prices.
With consecutive months of increased prices and interest rates, a buyer’s monthly mortgage has likely increased as well.
Fort Collins detached homes were selling for a median price of $707,461, up from last month’s $676,008.
Fort Collins detached homes, on average, sell after 33 days on the market compared to 29 days last year. There were 169 detached homes sold this April, down from 191 last year, meaning sales volume was down 11.52 percent. Attached homes in Fort Collins saw a similar story, with attached homes at 74 sales in April 2022 versus 102 in 2021. Sales volume saw a decrease of 13.16 percent, from $35,384,395 to $30,729,309.
Average days on market decreased year-over-year for detached and attached homes in Berthoud.
On par with previous months, Berthoud’s detached market experienced a 17.07 percent decrease from 82 days in 2021 to 68 days in 2022, and its attached housing market saw less of a dramatic decrease but still experienced a decrease as well.
Meanwhile, Timnath’s detached homes experienced only 17 sales versus 26 in April 2021.
Like last month, this was almost a 35 percent decrease. In its attached market, Timnath saw more sales than this time last year at six versus three in 2021. Altogether, Timnath had 23 total sales for the month, versus 18 last month.
Boulder saw a large decrease in days on the market in detached and attached homes.
In the detached market, days on the market went from 60 in April 2021 to 39 in April this year. The attached market was similar with days on the market dropping from 57 to 29.
Loveland saw a drop in detached sales due likely to seasonality but continues to show its desirability.
In Loveland’s detached market, residents saw 122 sales in April 2022 versus 172 in April 2021. However, the average sales price for a detached home rose from$478,587 to $621,626. Meanwhile, their attached market saw a 19.46 percent increase, similar to last month, from $348,071 to $415,813 in April 2022.
*Written May 8, 2022. Updates may be available after this date.